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Media Ownership
Wednesday 27 February 2008
By Leah McBride Mensching,
Wednesday 27 February 2008 at 23:41 :: Media Ownership
Roularta Media Group SA has bought Belgian freesheet Het Gouden Blad, for about one million euro, Thomson Financial reported Wednesday.
Het Gouden Blad publishes in the two towns of Waregem and Deinze. More
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Tuesday 26 February 2008
By Leah McBride Mensching,
Tuesday 26 February 2008 at 21:43 :: Media Ownership
As part of a deal with a media watchdog group, Norwegian media group Schibsted ASA will sell its entire 34.3 percent stake in newspaper group Adresseavisen ASA in order to create its Media Norge newspaper group.
The Independent Media Ownership Council authorised Media Norge's establishment Tuesday, on the condition that Schibsted sell its Adresseavisen shares, Thomson Financial reported. More
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Friday 22 February 2008
By Leah McBride Mensching,
Friday 22 February 2008 at 22:01 :: Media Ownership
Investor group Firebrand Partners and hedge fund Harbinger Capital Partners have increased their stake in the New York Times Company to 15.6 percent, making them the largest shareholder, and are pushing for four seats on the board, Brand Republic reported Friday.
The two dissident shareholders doubled their stake to 10 percent last week, before increasing it again to 15.6 percent this week. Scott Galloway, founder of Firebrand Partners, has been calling on the Times Co. to invest more in digital operations. More
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Wednesday 20 February 2008
By Erina Lin,
Wednesday 20 February 2008 at 21:56 :: Media Ownership
According to a Securities and Exchange Commission filing Tuesday, dissident shareholder Harbinger Capital Partners has increased its stake to 11.8 percent in New York Times Co.
Harbinger, a New York University business professor, has criticised the Times for not aggressively focusing on its digital businesses. More
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Tuesday 19 February 2008
By Erina Lin,
Tuesday 19 February 2008 at 22:46 :: Media Ownership
According to an interview with Bill Gates, Microsoft is not haggling with Yahoo over the rebuffed $31-per-share buyout offer, the Associated Press reported.
"We sent them a letter and said we think that's a fair offer. There's nothing that's gone on other than us stating that we think it's a fair offer. They should take a hard look at it," said the Microsoft chairman Monday. More
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Monday 18 February 2008
By Leah McBride Mensching,
Monday 18 February 2008 at 23:38 :: Media Ownership
The Montenegrin government will offer only 51 percent of its shares in Pobjeda, the oldest state-run daily in Montenegro, in a bid to take the newspaper private.
Offering only 51 percent will allow the government to retain power over decisions about content, design and production, The Montenegro Times reported Monday. More
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By Leah McBride Mensching,
Monday 18 February 2008 at 22:36 :: Media Ownership
Telegraaf Media Groep N.V. has bought communications firm Nobiles Media BV and 100 percent of both of its joint ventures, Smart Events B.V. and Info Pinnacle B.V., Thomson Financial reported Monday.
Financial terms of the deal, effective Saturday, were not disclosed. Nobiles Media had previously held a 50 percent in Info Pinnacle and Smart Events. More
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Friday 15 February 2008
By Leah McBride Mensching,
Friday 15 February 2008 at 23:13 :: Media Ownership
The Sun-Times Media Group Inc. announced Friday it has retained investment banking firm Lazard to help evaluate strategic financial alternatives, including selling its flagship newspaper the Chicago Sun-Times.
Earlier this month, Sun-Times Media announced it had formed a strategic alternatives committee to investigate future actions, including selling some or all of its properties, and partnerships with third parties, The Chicago Tribune reported Friday. More
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Thursday 14 February 2008
By Erina Lin,
Thursday 14 February 2008 at 20:51 :: Media Ownership
Yahoo Wednesday sent a letter to its shareholders, outlining the reasons why its board believes Microsoft’s offer is not in the best interest of Yahoo stockholders and undervalues the company, PaidContent reported Thursday.
The letter came as the company is having talks with News Corp. as an alternative deal. More
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Tuesday 12 February 2008
By Leah McBride Mensching,
Tuesday 12 February 2008 at 23:49 :: Media Ownership
Hedge fund Harbinger Capital Partners has increased its stake in The New York Times Co., doubling its share from 4.9 percent to 9.96 percent, a move aimed at naming four directors to The Times' board, the Associated Press reported Tuesday.
Harbinger is working with Scott Galloway, a New York University marketing professor, to try to implement changes in the company, which they say has not built up its digital businesses aggressively enough. More
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By Erina Lin,
Tuesday 12 February 2008 at 22:08 :: Media Ownership
Yahoo, who turned down a takeover bid by Microsoft Monday, announced Tuesday its acquisition of Maven Networks, an online video distribution firm.
According to Yahoo, this deal is valued at about US$160 million, and would make it the leading premium video publisher online, Media Post reported Tuesday. More
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Monday 11 February 2008
By Leah McBride Mensching,
Monday 11 February 2008 at 23:10 :: Media Ownership
Promotora de Informaciones SA (Prisa), will sell minority stakes in its businesses to cut debt and finance expansion, Bloomberg reported Monday.
Prisa CEO Juan Luis Cebrian said the media company will continue what it started in December, when it sold 16 percent of its radio operations to 3iGroup Plc for €225 million, and sell of pieces of its other divisions. More
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By Erina Lin,
Monday 11 February 2008 at 22:02 :: Media Ownership
Belo has completed the spin-off of its original newspaper division. The new broadcast-focus company, which operates 20 local stations in seven markets in the United States, began trading Monday.
The newspaper operations, including The Dallas Morning News and Providence Journal, are now a new separate public company, A.H. Belo, which also began trading on the NYSE Monday, Media Post reported Monday. More
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By Erina Lin,
Monday 11 February 2008 at 21:35 :: Media Ownership
Yahoo turned down Microsoft's US$44.6 billion takeover bid as “inadequate” Monday, without explaining how its management will match the payoff that the shareholders would have received if the offer had been accepted, MSNBC reported.
The rebuff had been widely anticipated due to the leak of Yahoo's intention during the weekend. More
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Thursday 7 February 2008
By Erina Lin,
Thursday 7 February 2008 at 21:41 :: Media Ownership
AOL's U.S. dial-up access and advertising businesses will finally be divided, announced Jeff Bewkes, Time Warner's recently appointed CEO, Media Post reported Thursday.
During the fourth-quarter earnings call Wednesday, Bewkes said his vision for the future of the company includes the possibility of spinning off its cable division. More
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Wednesday 6 February 2008
By Erina Lin,
Wednesday 6 February 2008 at 21:50 :: Media Ownership
Time Warner's AOL has purchased an online affiliate marketing network named Buy.at in order to bolster its ad infrastructure, MediaPost reported. Financial terms of the deal were not disclosed.
Since 2007, AOL's acquisitions have mostly focused on ad serving to build its overarching Platform-A advertising unit, while Buy.at is expected to give AOL a more direct relationship to online retailers. More
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Monday 4 February 2008
By Erina Lin,
Monday 4 February 2008 at 19:03 :: Media Ownership
Yahoo would consider an alliance with Google instead of a takeover by Microsoft, Reuters reported Sunday.
The company's management is considering restarting talks held last year with Google about how to work more closely together, according to a source familiar with Yahoo's strategy. More
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By Leah McBride Mensching,
Monday 4 February 2008 at 17:59 :: Media Ownership
Telegraaf Media Group (TMG) has agreed to buy Argos Press' Amsterdams Stasblad, the publisher announced Friday, according to a Publicitas report Monday.
The acquisition concerns free weeklies Aalsmeerder Courant, Amstelveens Weekblad, Amsterdams Stadsblad, Diemer Courant, De Ronde Vener and Uithoornse Courant. More
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Friday 1 February 2008
By Leah McBride Mensching,
Friday 1 February 2008 at 23:38 :: Media Ownership
News International has invested millions of pounds in a joint venture with online French fashion company BrandAlley, which sells high-end men's and women's clothing, MediaGuardian reported Friday.
The parent company of the Times and News of the World, among others, will support BrandAlley UK with marketing, including advertisements in the Sunday Times' Style magazine and the Times. More
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By Erina Lin,
Friday 1 February 2008 at 22:24 :: Media Ownership
To boost its odds in the online services market, Microsoft Corp. announced Friday it will offer US$44.6 billion in cash and stock for search engine operator Yahoo Inc.
The unexpected announcement shows Microsoft’s ambition in seeking new ways to vie more effectively against the search and online advertising powerhouse Google Inc. More
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