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Business Mag Search: Economy - Finance > Medias
Tribune files $1 billion suit against Sinclair, scraps deal
11 monthes ago - By Philly
Sinclair Broadcast Group Inc. saw its bid to become a nationwide powerhouse collapse after its would-be partner, Tribune Media Co., withdrew from a planned $3.9 billion merger that drew the ire of regulators.
Read more ...Business Highlights
11 monthes ago - By Chron
$3.9B buyout of Tribune by Sinclair ends in acrimony
NEW YORK - Tribune is withdrawing from its $3.9 billion buyout by the Sinclair Broadcast Group, ending a bid to create a massive media juggernaut that could have rivaled the reach of Fox News. Tribune Media Co., which is on the hook for a $135 million breakup fee, said Thursday that it is suing Sinclair for breach of contract and at least $1 billion in damages.
Merger cancellation pushes Rite Aid into uncertain future
NEW YORK - Rite Aid shares have plunged as the company headed into an uncertain future after calling off its merger with...
Read more ...Tribune withdraws from Sinclair merger, sues for $1 billion over ‘breach' of contract
11 monthes ago - By Washington Post
The merger began to stumble last month after the FCC chairman highlighted “serious concerns” about the deal, which originally would have reached roughly 70 percent of U.S. households.
Read more ...Musical.ly investor bets on internet radio with $17M deal for Korea's Spoon Radio
11 monthes ago - By Tech Crunch
One of the early backers of Musical.ly, the short video app that was acquired for $1 billion , is making a major bet that internet radio is one of the next big trends in media.
Goodwater Capital, one of a number of backers that won big when ByteDance acquired Musical.ly last year, has joined forces with Korean duo Softbank Ventures and KB Investment to invest $17 million into Korea's Spoon Radio. The deal is a Series B for parent company Mykoon, which operates Spoon Radio and previously developed an unsuccessful smartphone battery sharing service.
That's much like Musical.ly, which...
Read more ...Tribune Media terminates sale to Sinclair Broadcast Group, seeks $1 billion in damages
11 monthes ago - By Stl Today
Sinclair Broadcast Group's proposed $3.9-billion deal to acquire Tribune Media is dead. Tribune announced Thursday that it is terminating the merger agreement. The companies had the option to kill the sale if it had not closed by Aug. 8. The...
Read more ...
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SØVN Modern sleep tracking study
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China's Economy Falters; Slowest Growth In Nearly 3 Decades
The pace of growth in the second quarter was its slowest since 1992. The National Bureau of Statistics attributed the change to a complicated international environment.
Huawei to move 1,000 jobs from US to Italy, plus a $3 billion investment to boot
Chinese telecom giant Huawei has called on Rome to ensure the “transparent, efficient and fair” use of its ‘golden power' when it comes to developing Italy's 5G network.
'This will turn nasty:' A crisis is brewing as a global currency war...
Albert Edwards, the global strategist at Societe Generale, says investors could soon feel the pain of "competitive devaluation" as the US, Europe, and Japan all weaken their...
This CEO got $3 million from investors including Serena Williams' VC firm to...
Mahmee, a maternal and infant health startup, announced Monday it raised $3 million in seed funding. The round was led by Arlan Hamilton's ArlanWasHere Investments and included...
Stocks are rising as tepid Chinese growth has traders 'baying for more stimulus'
Stocks climbed on Wednesday after China reported growth of 6.2% in the second quarter, its slowest rate in at least 27 years, fueling hopes of further government...
The Number Of Global Earthquakes Is 3 Times Above Normal - 6.1, 6.6, 7.3 +...
Within the last 48 hours we have seen large earthquakes going off like firecrackers all along the Ring of Fire. As you will see below, a magnitude 6.1 quake just hit Japan, a...
Challenges with Cross-Selling in Commercial Banking and How Technology Can Help
For banks, lending is getting less profitable and funding has gotten more costly. According to David O'Connell of the AITE Group, this means banks need to embrace lending as...
A staggering percentage of couples are going into debt to pay for their...
Many engaged couples across the world are going into debt by using loans and credit cards to pay for their weddings. In the US, 28% of couples reported going into debt when...
Molson Coors tumbles after Bank of America hits it with a dreaded downgrade...
Molson Coors fell as much as 3.5% Monday after Bank of America Merrill Lynch downgraded the stock from "buy" to "underperform." The bank also slashed its price target from $70...
Venice, the Great Barrier Reef, and other World Heritage Sites are...
Marco Secchi/Getty Images Rising sea levels, climbing global temperatures, and extreme weather conditions have scientists concerned about the fate of the world's landmarks. A...