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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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