Like News Corp and Time Warner before it, Gannett, the publisher of USA Today, announced plans today to separate its print businesses from its digital and broadcast operations.
It spawned one of the biggest media empires the world has ever seen, and throughout its nine decades of existence, has been involved in some of the financial world’s most important transactions. Now, having just been spun off from its most recent parent, could Time magazine, in the not-too-distant future, again be at the center of corporate activity?
Manchester United, by some counts the world’s biggest soccer club, is trying to recover from a dreadful season in 2013-14 and again challenge for honors in the English Premier League. But the Red Devils may have an even taller task proving it can flourish not only as a team but as an investment.
With a huge and flourishing democracy, and an increasingly important economy, India and its leaders now bestride the global stage with increased confidence.
It looks like the site for Tesla’s much vaunted gigafactory is Nevada’s to lose.
It’s getting harder for Tesla and Elon Musk to impress investors.
World Wrestling Entertainment is trying something the US cable channels HBO and ESPN have avoided: making its most valuable content available over the internet, for $10 a month, and without the requirement of having a pay-TV subscription (and the associated extortionate fees/large swathes of unwanted channels).
This post has been updated.
Sales for Sturm, Ruger & Co, one of the biggest firearms makers in the US, slowed for the first quarter in about four years.
It’s no secret that Sprint—or more specifically its majority shareholder, the Japanese telecom SoftBank—wants to buy T-Mobile US.
How lucrative could the solar energy storage business be for Tesla? Almost as lucrative as selling cars.
New York Times Company shares have opened sharply lower this morning (they were down as much as 9%) after the company released its quarterly results. There is not much to get excited about in those numbers, which were weaker than consensus estimates among analysts, according to Bloomberg.
AMC Networks hasn’t found its much-needed replacement for Mad Men or Breaking Bad yet. And with its new shows like Halt and Catch Fire and Turn both underwhelming on the ratings front, its share price is still stuck in the doldrums.
Among the more than one million comments about net neutrality received by the US government this year was a submission by… Major League Baseball (MLB).
“One thing is for sure,” declared an influential American critic and record industry analyst, Bob Lefsetz, in a recent post on the topic of streaming music. “One service will dominate, it’s where we’ll all go, because we want to share, we don’t want to be left out.”
Microsoft just reported revenue for the June quarter of $23.38 billion, stronger than most analysts had forecasted. Net income was $4.6 billion, or $0.55 per share, weaker than consensus forecasts. The stock is gyrating in after hours trade. It’s had a dream run recently, hitting its highest levels since the dot com boom this week.
Comcast’s aggressive tactics to hold onto its cable subscribers have been getting a lot of attention lately. America’s biggest cable company is attempting to merge with the second biggest, Time Warner Cable, and people are worried that its already shoddy customer service could deteriorate further.
Amazon is a company that has divided investors for years. Its relentlessly fast-growing revenues typically translate into relatively diminutive profits because the company reinvests most of its enormous cash-flow into expanding its infrastructure and maintaining low prices—the idea being that at some point in the future, it can turn the profit screws on and reap enormous financial rewards.
Food price inflation is becoming a problem for the fast food industry, and Starbucks is no exception. Milk prices are up 27% this year, and coffee prices are not far behind, rising by about 25%.
Electronic Arts has been an absolutely terrific investment in 2014. It is the third-best performing stock in the S&P 500 this year, rising more than 65%.
Rupert Murdoch has made plenty of money in the sports business, and if he manages to get hold of Time Warner, he’ll probably make even more.
Time Warner shares have leapt above the $85 mark this morning—that being the amount Rupert Murdoch’s 21st Century Fox offered, in a mixture of cash and stock, for the owner of HBO, CNN, TBS, and TNT last month.
The shockwaves from the news that Rupert Murdoch’s 21st Century Fox recently approached Time Warner (and was rebuffed) about an $80 billion takeover are still rippling through New York’s media scene today.
21st Century Fox said today that it made a formal proposal last month to combine with Time Warner, but that Time Warner’s board rebuffed it and there aren’t any current discussions between the two companies.
