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Philadelphia Inquirer

Philadelphia Inquirer's owners to exit the newspaper company

Philadelphia Inquirer owners George Norcross III and Lewis Katz, who are at odds over the management of the newspaper company, are pushing it back to the auction block a few years after emerging from a bankruptcy.

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Chen Guangbiao

Oddball Chinese magnate looking to buy the New York Times

45 year-old recycling magnate Chen Guangbiao, whose charity works and publicity stunts are more known rather than his business sense, has claimed that he will be extending an offer to acquire the New York Times Co for $1 billion.

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The Washington Post

Klein mulls departure from Washington Post - sources

Ezra Klein of The Washington Post's Wonkblog might be leaving the newspaper, said four sources, after his proposed news media venture was rejected by upper management, including owner Jeff Bezos.

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21st Century Fox

21st Century Fox to sell 47% stake in Star China TV to operator, China Media Capital

TV and film company 21st Century Fox on Thursday announced that it would put up for sale its 47% stake in Star China TV for an undisclosed sum. The said stake will be bought by private equity firm China Media Capital and the TV channel operator's management.

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AllThingsD

Founders launch new tech site venture after closure of AllThingsD

After leaving digital news publication AllThingsD with owner News Corp, editors and founders Kara Swisher and Walt Mossberg are focused on building its newest online news site venture called Re/code.

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AOL Inc.

AOL sells Winamp, Shoutcast to Belgian online radio aggregator Radionomy

New York-based mass media company AOL Inc. reportedly sold media player Winamp and music service Shoutcast to Belgian online radio stations aggregator Radionomy. The deal is expected to be closed by the end of the week, said a TechSpot report.

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Channel 5 Broadcasting Ltd.

Northern & Shell looks to sell British TV broadcaster Channel 5 for £700M

Northern & Shell, the owner of Channel 5 Broadcasting Ltd., is reportedly considering to put up the TV broadcaster for sale for £700 million. Northern & Shell acquired Channel 5 for £103.5 million in 2010.

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Ozy Media

Ozy Media raises $5.3M in seed round

A regulatory filing showed that Ozy Media, a daily digital news startup co-founded by Carlos Watson and launched in September, raised $5.3 million, the San Francisco Business Times reported.

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Tribune Co

Chicago-based Tribune closes $2.73B acquisition of Local TV

Illinois, Chicago-based multimedia corporation Tribune Co has completed its $2.73-billion acquisition of television broadcasting firm Local TV after emerging from a four-year Chapter 11 bankruptcy in December.

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The News Lens

Taiwan's The News Lens to reshape local journalism with angel funding and media veteran backing

The News Lens founder and chief executive Joey Chung said the new angel funding and the inclusion of media veterans Marcus Brauchli and Sasa Vucinic into the company fold will help the startup solidify its reputation as a trusted news source in Taiwan.

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Brainerd Dispatch

North Dakota media firm Forum Communications adds Brainerd Dispatch

North Dakota-based multimedia information company Forum Communications Co has agreed to purchase Minnesota-based media firm Brainerd Dispatch and other newspaper assets in the north-central Minnesota area.

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Cannabis Plants

High Times magazine works to establish $100M High Times Growth Fund for marijuana startups

Marijuana-focused magazine High Times said it is working towards creating the High Times Growth Fund that will allow investors to invest in legitimate marijuana startups, CNBC reported.

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Sony

Chicago media firm Tribune agrees to buy Gracenote from Sony in $170M deal

Chicago-based media firm Tribune has entered an agreement to purchase Gracenote, the California-based music data unit of Japanese conglomerate Sony in a deal valued at $170 million, according to a statement by Tribune.

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Los Angeles Times

Tribune to meet California's Rep. Henry Waxman to discuss concerns over spinoff's impact on Los Angeles Times

Tribune Co., which planned to split its newspaper division from its TV-broadcasting division in July, said that it intends to meet with Rep. Henry Waxman to dicuss his concern about the spinoff's impact on the Los Angeles Times.

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Time Warner Cable Inc.

Shareholders to give Time Warner Cable the will to reject Charter Communications' $62B offer

Time Warner Cable's 462% total returns may help convince its shareholders to reject Charter Communications' $62 billion offer or to not press for a sale. Time Warner Cable is seeking a takeover bid of $150 per share.

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