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Cablevision Confirms $650M Newsday Takeover
Cablevision CEO James Dolan says the purchase will boost its portfolio by attracting a wider audience and offering content on more platforms.... Continued »
BNET Media Insights
Tell the Beeb: U.S. Magazine Ads Are in Free Fall
It’s always been one of those trick questions that kids of a certain age love: “What’s black and white and read all over?” The answer, of course, is “a newspaper,” but nowadays we could drop the letter “a” from the word “read” and the joke would still make a grim kind of sense.
That newspapers are […]
Media Articles
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Clear Channel Parties Have Deal in Principle
NEW YORK (Reuters UK) - The parties in the dispute over financing the $20 billion (10.3 billion pound) Clear Channel Communications (CCU) buyout reached an agreement in principle on Tuesday on settling the case and striking a new deal at a lower price, a source...
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Clear Channel Trial Begins in New York
NEW YORK (Reuters UK) - The trial over the financing of the $20 billion (10.3 billion pound) Clear Channel Communications (CCU) buyout began in New York State Court on Tuesday, after being adjourned from Monday. Clear Channel said on Monday that talks between the parties ...
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Terra Firma Set to Cut More EMI Jobs
LONDON (Reuters UK) - Terra Firma, the private equity owner of EMI, plans to cut more jobs at the music company, a source familiar with the situation said on Tuesday. EMI had around 5,200 employees when it was taken over by the Guy Hands-led group and...
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Cablevision confirms USD650m Newsday takeover
Cablevision has confirmed it is to buy Newsday as part of a USD650m takeover deal. Under the agreement, Cablevision will acquire 97% of the New York daily newspaper, while Tribune retains 3%. The deal values Newsday at USD632m with Cablevision to pay an additional USD18m in rent for property...
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The Times holds talks with Sky News over online video
The Times newspaper is in talks with Sky News about using its video content on the Times Online website. Negotiations between the two firms, which are both owned by News Corp, are reportedly at an early stage. A syndication deal could see branded Sky News clips and live news...
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ESPN strikes USD140m deal to show US Open tennis
ESPN will broadcast the US Open tennis tournament on weekdays from 2009, as part of a deal with the United States Tennis Association, reports The Wall Street Journal. The Disney-owned TV station has paid USD140m to secure the US cable rights to the tournament for six years. As part...
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ESPN strikes USD140m deal to show US Open tennis - Rumour
ESPN will broadcast the US Open tennis tournament on weekdays from 2009, as part of a deal with the United States Tennis Association, reports The Wall Street Journal. The Disney-owned TV station has paid USD140m to secure the US cable rights to the tournament for six years. As part...
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iTunes to break price wall for HBO downloads - Rumour
HBO is set to unveil a deal with iTunes, in which it will offer individual programme downloads for the first time, reports Conde Nast's Portfolio.com. Some programmes will be more expensive than iTunes' current USD1.99 standard, marking a break from Apple's strict uniform pricing scheme. Shows are set to...
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Lycos Europe seeks US or Asian firm for buyout deal
Lycos Europe is looking to foreign companies for a buyout offer, following the loss-making firm's announced last month that it has hired Dresdner Kleinwort to advise it on its options. Lycos Europe CEO, Christoph Mohn, tells the Financial Times that the firm could be a valuable way for an...
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Clear Channel signs lyric deal with Gracenote
US radio giant, Clear Channel, has signed a song lyric deal with Sony-owned digital entertainment firm, Gracenote, in a bid to expand its online services. Under the deal, listeners of some 800 Clear Channel radio stations in the US can now access and search lyrics from each station's website....
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Clear Channel buyout nears as banks accept settlement - Rumour
The takeover of Clear Channel by two PE firms may be nearing completion, as the parties are reportedly reaching a settlement with the banks supposed to finance the deal after months of legal battle. Under the settlement terms, the takeover price will be cut from USD19.4m to USD18m, while...
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Clear Channel in Settlement Talks, Trial Delayed
By Megan Davies and Leslie Gevirtz NEW YORK (Reuters) - Talks are underway to settle a dispute over financing the $20 billion leveraged buyout of U.S. radio operator Clear Channel Communications Inc (CCU), the company said in a statement on Monday. A trial...
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Cablevision and Tribune Reach Deal For Newsday
By Yinka Adegoke and Robert MacMillan NEW YORK (Reuters) - Cablevision Systems Corp (CVC) has sealed a $650 million deal to buy the Long Island daily newspaper Newsday from Tribune Co, but analysts doubt the cable company can achieve cost savings to justify...
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XM Satellite Loss Widens, But Car Subs Grow
NEW YORK (Reuters) - XM Satellite Radio Holdings Inc (XMSR) on Monday posted solid gains in automotive subscribers, driving sales up 17 percent, and reiterated optimism that its purchase by Sirius Satellite Radio (SIRI) will soon be cleared. The subscriber gains...
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HBO Seen Selling Shows on Apple's ITunes
NEW YORK (Reuters) - Time Warner Inc's (TWX) HBO cable network is expected to start selling shows on Apple Inc's (AAPL) iTunes digital entertainment service, with flexible pricing, a source familiar with the discussions said on Monday. Episodes of some HBO shows are...
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Clear Channel Banks to Fund Buyout: Report
NEW YORK (Reuters) - The banks that had been trying to pull out of the funding for the $20 billion buyout of Clear Channel Communications (CCU) have reached a settlement with the private equity firms that had sued them, the Wall Street ...
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Cablevision to Acquire 97 Pct of Newsday
(Reuters) - Cablevision Systems Corp (CVC) said on Monday it will acquire a 97 percent stake in Newsday media group through a partnership with Tribune company in a $650 million transaction. Cablevision said Newsday businesses would report to Cablevision Chief Operating...
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Cablevision to confirm Newsday purchase as Murdoch drops out
Cablevision is due to announce its acquisition of New York paper Newsday today, two days after Rupert Murdoch's News Corp withdrew its bid. A USD650m deal was signed between Cablevision and Newsday on Sun night, reports Newsday, citing a source close to the deal. Cablevision founder Charles Dolan says...
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Blinkx shares soar on takeover rumours
Shares of video search engine Blinkx soared by as much as 50% on Friday following rumours that News Corp and Google were considering a takeover bid for the company. The AIM-listed company saw shares rise to 36.75p (USD0.72) - their highest value since Sep - valuing it at GBP102m...
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Blinkx shares rise on takeover rumours
Shares of video search engine Blinkx soared by as much as 50% on Friday following rumours that News Corp and Google were considering a takeover bid for the company. The AIM-listed company saw shares rise to 36.75p (USD0.72) - their highest value since Sep - valuing it at GBP102m...
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BNET Industry Analyst Profiles
David Weir
David Weir is a veteran journalist who has worked at Rolling Stone, California, Mother Jones, Business 2.0, SunDance, the Stanford Social Innovation Review, MyWire, 7x7, and the Center for Investigative Reporting, which he cofounded in 1977. He's also been a content executive at KQED, Wired Digital, Salon.com, and Excite@Home. David has published hundreds of articles and three books,including "Raising Hell: How the Center for Investigative Reporting Gets Its Story," and has been teaching journalism for... more »
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BNET Media provides daily industry news coverage and insights for managers and executives in publishing, print, broadcast, film, and online media. In addition to detailed company profiles, we bring you critical analysis on new alliances and partnerships, new products, mergers and acquisitions, labor and cost management, investments and deal flow, and a host of other important business issues.
