Top deals of the Day - Bids, Mergers and Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Wednesday including Telefonica Deutschland, Devon Energy, Metro AG, Devon Energy Corp and others
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
Top deals of the day - Bids, Mergers and Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Tuesday including Nokia, IntercontinentalExchange Group, Goldman Sachs and others.
Prisa close to reaching EUR 3 billion refinancing agreement with creditors
Spain's largest media firm Promotora de Informaciones or Prisa was close to reaching a refinancing agreement with its creditors for its EUR more than 3 billion debt, sources told Bloomberg.
Venture capitalists invest in new media despite risks- report
Venture capitalist have continued to pour money in new media firms despite the potential hazards in the hope that the startups will be able to lure advertising money, according to a Reuters report.
Forbes Media unlikely to lure private equity interest- report
A peHUB report said private equity firms may pass up on the acquisition of Forbes Media which has put itself up for sale for at least USD 400 million.
Forbes Media hires Deutsche Bank to explore a sale
New York-based financial magazine publisher Forbes Media hired Deutsche Bank to explore the sale of the company, which could potentially be valued between USD400 million and USD500 million.
Lone Pine Capital buys stakes in Baidu Inc, Amazon.com Inc and MasterCard Inc
Lone Pine Capital increased its holdings in online companies by buying shares in China-based search engine Baidu Inc and ecommerce firm Amazon.com Inc. The fund also bought shares in MasterCard Inc.
Hedge funds tune into Pandora, discard Apple in Q3
Hedge funds including Philippe Laffont's Coatue Management and Patrick McCormack's Tiger Consumer Management both opened stakes in Pandora of about 1.1 million and 2.9 million shares, respectively, U.
Playful jabs between heads of Gawker and Business Insider spurs potential merger, partnership rumors
Nick Denton and Henry Blodget played down rumors of a potential merger between blog collective Gawker Media and Business Insider in a media conference and discussed about a partnership using Gawker's
KKR and Permira to place 1.1 bln eur ProsiebenSat.1 stake
ProsiebenSat.1 shareholders KKR and Permira are selling a stake worth up to 1.12 billion euros ($1.5 billion) in the German free-to-air broadcaster, the offer document, which was seen by Reuters on Tu
