November 18, 2019

CNBC: Disney expected to add cash to bid for Fox

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From Newsmax Walt Disney Co. reportedly is preparing to add cash to its bid for the entertainment assets of 21st Century Fox Inc. Comcast Corp. last week launched a $65 billion cash offer for the Fox assets, outbidding Disney. The assets include Fox’s movie studios, networks National Geographic and FX, Star TV, stakes in Sky, Endemol […]

Broadcom gives up on Qualcomm buyout after Trump veto

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By Daniel Cooper, From engadget The company says that it is disappointed with the outcome. The will-they/won’t-they flirtation between two of the world’s largest mobile chip companies has come to an abrupt end. Broadcom has announced that it will no longer attempt to buy its US-based rival, Qualcomm. In a statement, Broadcom said that it […]

Rights groups concerned as Saudi billionaire Alwaleed in harsh prison

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By Bill Hoffmann From Newsmax Human rights organizations are raising serious concerns about the treatment of Saudi Arabia’s most famous billionaire, Alwaleed bin Talal, who was whisked recently to a high-security prison. Alwaleed has refused to cough up $6 billion of his $17 billion fortune and won’t admit guilt to corruption charges. A U.S. source […]

Walt Disney buys Murdoch’s Fox for $52.4bn

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From BBC Walt Disney has agreed to buy 21st Century Fox’s entertainment assets for a total $52.4bn (£39bn). The deal includes Fox’s 39% stake in satellite broadcaster Sky, and the 20th Century Fox film studio, Disney announced. Fox’s remaining assets, including Fox News and Sports, will form a new company. The deal ends more than […]

CNN launches a virtual reality news unit

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By Stefanie Fogel From engadget CNNVR will produce 360-degree videos and live streams from around the globe. The Cable News Network is going virtual. CNN has announced the launch of a new immersive journalism unit called CNNVR that will produce videos and live streams of major news events, along with a weekly virtual reality experience. […]

If cord-cutters all cut cable, where do the networks go?

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By Kate Cox From Consumerist The so-called “golden age of TV” may only be just now dawning for viewers, completely inundated with high-quality shows on every screen we own, but it’s more of a turbulent era for the companies that make our shows. With “cable TV” still morphing into “on-demand content anywhere,” programmers and distribution […]

Trump right to worry about AT&T, Time Warner merger

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By Michael Reagan From Newsmax On Wednesday, the Senate Judiciary committee will hold a significant hearing on the proposed $84 billion merger between AT&T and Time Warner, which owns CNN. AT&T’s CEO Randall Stephenson will be testifying, as well as others, who support or oppose this merger. The senators should be prepared to ask Stephenson some […]