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...of €134mn.Giordani said the company needed to move faster to dispose of its non-core assets....
...The Independent, the British media group, is in talks to take control of the operations of BuzzFeed and HuffPost UK, as it seeks to build scale in a tougher climate for advertising revenues....
...Rabe’s remarks come as Bertelsmann, Europe’s largest media group, assesses its future after several upsets scuppered its attempts to expand its core broadcasting and publishing businesses, which include...
...The proposed revamp to its cash cow search engine would mark the first time the company has put any of its core product behind a paywall, and shows it is still grappling with a technology that threatens...
...But NYSE has quietly carved out a niche hosting social media groups. Its pitch to encourage Reddit to choose the so-called big board included a substantial marketing package....
...Some of the most influential independent record groups — Beggars Group, the company behind Vampire Weekend and Adele; Secretly, which houses acts including Phoebe Bridgers and Bon Iver; and Partisan Records...
...The move comes after Paramount’s board spurned a bid from Apollo to buy out all of the media group’s shareholders at a valuation of between $17 and $19.50 a share, according to people briefed on the matter...
...Trump Media & Technology Group, the company behind his Truth Social platform, rose as high as $79.38 a share from the previous day’s price of $49.95, before closing up 16 per cent at $57.99....
...The stand-off is among the most heated clashes between tech giants and media groups in recent memory....
...More importantly, Trump Media & Technology Group rose another 14 per cent, right after we wrote that it looked a bit overvalued. Unhedged’s record as a contrarian indicator remains spotless....
...During its roadshow, Reddit said it planned to diversify its revenues, for example adding ecommerce features and selling its data to AI groups....
...A deal between Sony and Indian group Zee to create a media powerhouse that would have rivalled the new Reliance-Disney entity fell apart this year....
...The losses are smaller than the start of 2023 when Big Tech groups including Meta, Amazon and Microsoft axed roles following an exuberant period of over-investment during the pandemic....
...Recasting WeightWatchers for the era of weight-loss jabs is akin to Facebook overhauling its social media site for mobile, or Netflix moving from DVDs to streaming, Sistani argued....
...Perrette said that the group was “way ahead of what we thought we’d do” in driving profits from its streaming platform. WBD will also start to crack down on password sharing among its existing users....
...BR: AI is a core competency for us....
...energy and commerce committee approved the bipartisan bill 50-0 on Thursday after a classified briefing from officials about the risks the app posed to Americans because of its ownership by the Chinese group...
...The big music companies earn billions of dollars a year through royalty payments from streaming services and social media sites including Spotify, Apple and Meta....
...It also opened proceedings against Meta over whether the group’s new “pay or consent” subscription model complied with the DMA requirement for gatekeepers to obtain user agreement to “combine or cross-use...
...Netflix has agreed a $5bn deal to screen World Wrestling Entertainment’s flagship Raw programme in the US over the next decade, in the group’s biggest foray so far into streaming live events....
...driver to replace, and new categories of fan to satisfy, the sport is evaluating what kinds of changes it can bring to the racetrack to capitalise on its newfound popularity but without alienating its core...
...Need to know: business Novo Nordisk announced a €1bn deal for a German biotech developing therapies to treat heart disease, as the Danish group seeks to branch out from its blockbuster diabetes and weight...
...Run by the Department for Digital, Culture, Media and Sport and with an annual capital budget of £330,000, the GAC plans to spend a low five-figure sum during the event, though this could be on a series...
...In the US, multinational tech group Oracle has been given powers to audit TikTok’s algorithm and content moderation models to ensure they are not manipulated, the company added....
...One big winner was the Newhouse family, who through Advance Magazine Publishers Inc own Condé Nast, which bought Reddit in 2006 for $10mn before spinning it out in 2011....
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