Nine Entertainment shares decline up to 3.4% on stock market debut
Shares of Australian broadcaster Nine Entertainment declined in its first trading day by as much as 3.4% in Sydney to AUD 2 per share from its offer price of AUD 2.05.
News/Media
Apple’s Ad-Blocking Plans May Hurt Journalism’s Financial Viability, UK Newspaper Groups Warn
Many British media groups wrote to Apple, expressing that its planned "web eraser" tool may threaten journalism's financial viability.
Warner Bros. Discovery Reports Larger-Than-Expected Quarterly Loss as Ad Revenue Drops
Warner Bros. Discovery disclosed a larger-than-expected quarterly loss, owing to decreased cable TV advertising income and Hollywood strikes...
ABC News President Kim Godwin Steps Down Amid Internal Backlash Over Leadership Style
ABC News President Kim Godwin, the first black woman to lead a broadcast network news operation, is leaving the Disney unit after growing concerns about how she was running the home of shows including..
MeTV Unveils Toons Network Dedicated to Showcasing Warner Bros. Classics; List of Cartoons Revealed
The list of cartoons includes iconic cartoons such as Bugs Bunny & Friends, Betty Boop, Scooby-Doo, Tom & Jerry, and more...
One America News Network Apologizes to Michael Cohen for Falsely Claiming Trump's Ex-Lawyer Had an Affair With Stormy Daniels
One America News Network removed a story alleging that Donald Trump's ...
Peacock Raises Prices Ahead of Olympics, Ad-Supported Plans Now $7.99/Month
Peacock raises subscription prices by $2 ahead of the 2024 Olympics, a...
Latest News
Incoming Time Warner Cable Inc CEO says he's the perfect guy to manage M&A situations for firm
Rob Marcus, the incoming Chief Executive Officer of Time Warner Cable Inc, said he is the perfect guy to manage cable company's mergers and acquisitions component.
Australia's APN exits from outdoor advertising stake for USD69 million
Australia-based news firm APN News & Media has agreed to exit from its remaining stake in outdoor advertising company APN outdoor for USD69 million, prompting a 5% increase in its shares.
Nine Entertainment to raise AUD643 million in Australia's second-biggest IPO this year
Nine Entertainment Co., Australia's second-largest media company, seeks to raise AUD643 million (USD582 million) in its initial public offering. If successful, the deal could give Nine a market capita
Newsweek unveils plans to resurrect print edition
Newsweek plans to return back to print with a 64-page weekly publication, according to Editor-in-Chief Jim Impoco in an interview with the New York Times.
State-backed Cool Japan Fund to invest in TV channels and retail properties offshore
Cool Japan Fund is looking to invest in TV channels and retail properties in the US and Southeast Asia to promote the country's culture. Cool Japan is backed by the government as well as Japanese comp
Hearst to buy large stake in Dallas software firm Homecare Homebase
San Antonio based global media and information company Hearst Corp agreed to purchase an 85% stake in Dallas-based home health and hospice software maker Homecare Homebase LLC for an undisclosed amoun
Alinda Capital to takeover Polish broadcast infrastructure firm Emitel
London-based private equity firm Montagu will be exiting from its Polish broadcast infrastructure firm Emitel. American investment firm Alinda Capital Partners reportedly agreed to buy Emitel in a dea
South Africa's Rupert offers ZAR2.34 billion to acquire ElementOne
Wealthy businessman Johann Rupert of South Aftica has offered ZAR2.34 billion to purchase ElementOne, a company which owns a large stake in Caxton and CTP Publishers and Printers, according to the Sun
Pearson sells Mergermarket to focus on education business
British media and education group Pearson has agreed to sell its Mergermarket news service for 382 million pounds ($624 million), to invest in its global education business.
