Media


Sky’s no limit for Comcast offer

US media group Comcast submitted a 22 billion pound (US$30.7 billion) bid for Sky yesterday, prompting the European pay TV group to drop its support for a lower offer from Rupert Murdoch’s 21st Century...

April 26, 2018, Thursday


Sorrell’s exit as WPP chief exec shocks ad industry

MARTIN Sorrell’s dramatic departure as chief executive of WPP, the world’s biggest advertising agency he founded 33 years ago, sent shockwaves through the marketing industry yesterday. Sorrell, 73, stepped ...

April 16, 2018, Monday


Fox proposes selling Sky News to Disney

RUPERT Murdoch’s 21st Century Fox yesterday proposed selling rolling TV channel Sky News to Disney in order to finally seal control of pan-European satellite broadcaster Sky. Fox — which for a long time ...

April 4, 2018, Wednesday


Bilibili offers IPO of 42m ADS

Crowds gather around a Bilibili booth at a comic show in this file photo. Bilibili Inc, a Chinese online platform for animated video, rang the Nasdaq Stock Market opening bell on Wednesday in celebration of its initial public offering. Bilibili priced its IPO of 42 million American depositary shares at US$11.50 per ADS for a total offering size of US$483 million, assuming the underwriters do not exercise their option to purchase additional ADSs....

March 30, 2018, Friday


Newspapers sold to raise digital sphere

Tronc Inc said yesterday it would sell the Los Angeles Times, the San Diego Union-Tribune and some other newspapers to billionaire investor Patrick Soon-Shiong for US$500 million in cash. Tronc expects ...

February 8, 2018, Thursday


Fox-Sky deal ‘not in the public interest’

Britain’s competition regulator provisionally ruled yesterday that a planned takeover of pan-European satellite TV giant Sky by Rupert Murdoch’s 21st Century Fox entertainment group was “not in the public...

January 24, 2018, Wednesday


Time selling for US$2.8b to media firm

Time Inc is selling for US$2.8 billion to media conglomerate Meredith Corporation, which is backed by the billionaire Koch brothers, who are known for supporting conservative causes. Time, which also ...

November 28, 2017, Tuesday


QingtingFM seeks funds

SHANGHAI-BASED QingtingFM yesterday said it seeks to raise 1 billion yuan (US$150 million) in the latest round of financing — the biggest investment in the Internet audio industry. The investment is ...

September 29, 2017, Friday


Rolling Stone putting itself up for sale

Rolling Stone, the iconic 50-year-old magazine of music and counterculture, is putting itself up for sale amid an increasingly uncertain outlook, its founder said. Jann Wenner — who started Rolling Stone ...

September 19, 2017, Tuesday


Wanda says chairman rumors malicious

THE Chinese owners of Hollywood studio Legendary Entertainment yesterday denied a report that its chairman had been detained by Chinese authorities, prompting a plunge in the share price of a Hong Kong ...

August 29, 2017, Tuesday




 

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