Alibaba's IPO will unleash a flood of wealth for Jack Ma and Joseph Tsai, but unlike some other tech IPOs, the big money isn't being spread around the company.» Read More
NEW YORK, Oct 15- Time Warner Inc's HBO will launch a standalone online streaming service next year to make hit shows such as "Game of Thrones" available to people who do not subscribe to cable television. HBO's chief executive, Richard Plepler, announced the move during an investor day on Wednesday where Time Warner's other top executives laid out plans to boost...
Oct 15- Time Warner Inc plans to go head-to-head with Netflix Inc and launch a standalone option in 2015 for popular pay TV channel HBO. HBO's top executive, Richard Plepler, announced that decision during an investor day on Wednesday where Time Warner's other top executives laid out plans to boost the company's growth. Shares of Time Warner, also home to movie...
Oct 15- Time Warner Inc Chief Executive Jeff Bewkes stood in front of analysts and investors on Wednesday to seek to convince them that the company is better off alone after rejecting a bid from Rupert Murdoch's Twenty-First Century Fox. Shares of Time Warner, which include movie studio Warner Bros, cable network Turner Broadcasting, and pay TV channel HBO, were...
SYDNEY, Oct 15- An Australian private equity firm is preparing the world's biggest listing of a cinema chain, in a shrinking market that's already the world leader in Internet piracy and is about to receive online streaming juggernaut Netflix. That comes ahead of an expected launch by Netflix in the home of Crocodile Dundee and Mad Max, threatening to speed up the...
Now, Time Warner Inc Chief Executive Jeff Bewkes faces a similar moment of reckoning after rejecting a bid for $85 a share from Rupert Murdoch's Twenty-First Century Fox. Time Warner is trading at around $73- more than twice its price since Bewkes took over as CEO in 2008, but still below Murdoch's original $85 bid. Time Warner shares have dropped 15 percent since...
Oct 10- Rupert Murdoch's Twenty-First Century Fox and Apollo Global Management LLC agreed to combine three of their TV production companies behind hit shows such as "Big Brother", "American Idol" and "Masterchef" under one group. The companies said they would set up a joint venture to hold Apollo-controlled Endemol and Core Media and Fox's Shine Group.
Sept 30- Rupert Murdoch's News Corp said it would buy Move Inc, the owner of property websites such as realtor.com, for about $950 million to expand its digital marketing business. Australian real estate website REA Group Ltd, which is 61.6 percent owned by News Corp, will take a 20 percent stake in Move for about $200 million, News Corp said.
SAN FRANCISCO, Sept 25- Google Inc hit back at News Corp on Thursday for calling it a platform for piracy and an "unaccountable bureaucracy," in a point-by-point rebuttal that stressed the Internet search company's commitment to fighting online crime.
PARIS/ BRUSSELS, Sept 19- Scotland's vote against independence offers lessons for British politicians and their European partners faced with a referendum on whether to stay in the EU which Prime Minister David Cameron has promised for 2017..
Sept 17- News Corp Chief Executive Robert Thomson has urged European regulators to reconsider their settlement with Google Inc over its search practices, calling the Internet company an "egregious" aggregator and a "platform of piracy."
*Polling stations open at 0600 GMT on Thursday. EDINBURGH, Sept 18- Just hours before Scotland's independence referendum, the fate of the United Kingdom rests on hundreds of thousands of wavering Scottish voters, as opinion polls showed supporters of the 307- year union just a whisker ahead of secessionists.
*Britain implores Scotland to stay, offers more powers. *Polling stations open at 0600 GMT on Thursday. EDINBURGH, Sept 17- On the eve of Scotland's independence referendum, the fate of the United Kingdom rests on hundreds of thousands of wavering Scottish voters as opinion polls showed supporters of the 307- year union just a whisker ahead of secessionists.
*Scottish nationalists warn BP and some banks. *Rupert Murdoch visits, says Scotland' alive with debate'. At stake is not just the future of Scotland, but that of the United Kingdom, forged by the union with England 307 years ago.
BRUSSELS, Sept 11- European Union antitrust regulators approved on Thursday British broadcaster BSkyB's planned $9 billion takeover of Rupert Murdoch's pay-TV companies in Germany and Italy, which will make it the biggest pay-TV provider in Europe. The merged company will have operations in Britain, Ireland, Germany, Austria and Italy.
LONDON, Sept 9- Rupert Murdoch's right-hand-man at 21st Century Fox, Chase Carey, said the company had no current plans to resurrect its bid to buy the rest of Britain's BSkyB.
A&E, which is jointly owned by Walt Disney Co and media group Hearst Corp, is investing $250 million in Vice Media, which started as a Canadian magazine and has ballooned into a multimedia conglomerate known for producing edgy videos and news reports.
*Equities have come under pressure because of the problems between Russia and Ukraine, with the S&P 500 at one point down about 4 percent from a record closing high in late July. *The gain implied by futures came despite ongoing concerns about the region, with Ukraine reporting that Russia had massed 45,000 troops on its border.
Aug 11- Hedge fund ValueAct Capital LLC said it had taken a $1 billion stake in Rupert Murdoch- controlled film and TV company Twenty-First Century Fox Inc.. Fox withdrew its $80 billion bid to buy Time Warner Inc last week after being rebuffed by the owner of CNN, HBO and Warner Bros studios.
Aug 11- Hedge fund ValueAct Capital LLC has taken a $1 billion stake in Rupert Murdoch- controlled film and TV company Twenty-First Century Fox Inc, CNBC reported. ValueAct built its position when Fox was seeking to buy Time Warner Inc, CNBC's David Faber said.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.