Vice is finalizing a 10 percent stake sale to A&E in a deal valuing the digital media company at $2.5 billion, FT reports.» Read More
I'm here in Sun Valley, Idaho, where all the movers and shakers in the media business are gathering for the Allen & Co. media conference to schmooze and make deals. This is where seriously big business alliances are born..
Supermarket billionaire Ron Burkle and Web entrepreneur Brad Greenspan are exploring the possibility of combining forces on a bid for Dow Jones to thwart a takeover by Rupert Murdoch's News Corp., according to a person familiar with the situation.
Stocks ended higher on Monday, but gains were held in check as investors awaited the start of the second-quarter earnings season. "We're getting into earnings season, and what we've seen so far is good, so we think there is going to be an upward bias," said Joe Ranieri, head of NASDAQ trading at Canaccord Adams. "It's good but scary."
Dow Jones & Co., which has been in talks for a takeover by News Corp., will meet with supermarket magnate Ron Burkle as Dow Jones explores its options, a source familiar with the situation said on Sunday.
The media world loves to get revved up about elections and this year the issue is voter registration. Norman Lear is spearheading a campaign called "Declare Yourself." And no surprise, Lear, perhaps one of the most successful television writer/producer in TV history, is using his contacts and his expertise, turning TV humor into a tool. He's gotten two of the stars of "Reno 911" to create four videos to get what they're calling "the target demographic" to vote.
Over the weekend, 7-Eleven turned a dozen stores into Kwik-E-Marts, the fictional convenience stores of "The Simpsons" fame, in the latest example of marketers making life imitate art.
NBC Universal Chief Executive Jeff Zucker has said the General Electric-owned media group was constrained from matching News Corp.'s $5 billion bid for Dow Jones due to the size of the premium.
Stocks finished little-changed after a roller-coaster session as investors tried to figure out the Federal Reserve's latest statement on inflation and interest rates. "The Fed's been engaged in a real delicate balancing act," said Bruce Bittles, chief investment strategist at Robert W. Baird
A tentative deal over editorial independence at the Wall Street Journal would give Rupert Murdoch's News Corp. the sole power to hire and fire the newspaper's top editors if it succeeds in buying Dow Jones , the New York Times said on Thursday.
Rupert Murdoch said on Wednesday he had no plan to raise his bid for media group Dow Jones and expected a final approval from the Bancroft family, which controls the company, within two to three weeks, "if at all."
Brad Greenspan, who is offering to buy 25% of Dow Jones for $60 a share, said on CNBC that he will be meeting with the Dow Jones board later this week to talk about his proposal. Earlier on Tuesday, Rupert Murdoch's News Corp. and Dow Jones agreed on a structure to protect the editorial independence of Dow's news operations.
Stocks ended lower as investors were rattled by concerns regarded leveraged mortgage securities held by two Bear Stearns hedge funds. "We will see a splash near term as some of these funds need to unwind positions in paper that really isn't traded too much," said Jack Ablin of Harris Private Bank.
For the first time in French media history, the country's top two business newspapers La Tribune and Les Echos will not be published on Monday.
Stocks ended broadly lower as Wall Street pondered the fate of two Bear Stearns mortgage debt funds. Losses were compounded by adjustments in several key indexes.
When MySpace announced the beta launch of its instant messaging system -- MySpaceIM -- I wasn't impressed, I was surprised that MySpace was so late to the game. And what kind of a beta launch is this? It had a soft launch a year ago to give it some legs, before MySpace announced the "official beta." Check out this comparison of traffic ranking of MySpace, YouTube and Facebook traffic.
European equity markets looked set to extend losses next week as stocks teetered at inflated price levels with little on the corporate and economic calendar to act as a positive catalyst.
General Electric and Pearson said on Thursday they will not pursue a joint offer for publisher Dow Jones, removing a potential challenge to a $5-billion bid by Rupert Murdoch's News Corp.
You've probably heard by now, Yahoo is buying Rivals for something close to $100 million. The first question you should ask me is, is it worth it? That's such a hard question to answer, but let me tell you what you need to consider. A lot of people are going to criticize the value of this deal. They're going to say, it would have cost Yahoo a whole lot less to get 200 local journalists in each of the markets and have them build sites. What's missing from that equation is time.
The board of Dow Jones is assuming control of negotiations with Rupert Murdoch's News Corp. over the media conglomerate's unsolicited $5 billion offer to buy the company, which publishes The Wall Street Journal.
An uptick in bond yields and rising oil prices are adding pressure to stock futures after yesterday's rocky trading day. Asian stocks were higher overnight, but European markets are wilting this morning.