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...Other media groups are also looking at deals involving their customer data, according to industry executives....
...Spotify reported net income of €197mn on €3.6bn in revenue in the three months to the end of March. In the same period a year ago, it lost €225mn on €3bn in revenue....
...Culture secretary Lucy Frazer on Tuesday said she was “minded to refer” the sale of the British news organisation to a phase 2 investigation by the Competition and Markets Authority, the antitrust watchdog...
...Many MPs and media analysts expect Frazer to request a second-phase inquiry by the CMA rather than face the political firestorm of approving the deal....
...The proxy battle between Trian and Disney has intensified in recent weeks as the entertainment company’s annual shareholder meeting on April 3 approaches....
...In 2022, the latest period for when figures are available, Microsoft increased its water consumption 34 per cent, Google 22 per cent and Meta 3 per cent as a result of their growing use of data centres....
...This year it gained about 3 per cent in January. It’s no coincidence that the S&P 500 is also having a stellar run....
...Identifying Phase 3 is a little trickier....
...Lawyering up In addition to his father’s media empire, Lachlan Murdoch also stands to inherit the barrage of legal proceedings hanging over the family business, the FT reports....
...Social media platform Reddit has picked the New York Stock Exchange as the venue for its long-delayed stock market debut, according to two people familiar with the plans, a victory for the exchange in its...
...Trump said in a social media post on Friday that he had “almost $500mn in cash”....
...GroupM estimates that the global industry will increase by 5.3 per cent in 2024, a slight decrease on last year’s growth....
...Who belongs in the social media product market? For example, under the FTC’s allegations, Twitter/X is not in the market....
...Meanwhile, Amazon improved its income by $2.8bn in 2022 thanks to a reduction in depreciation costs of $3.6bn as it extended the life of its servers from four to five years....
...The central government announced Rmb1tn in surprise borrowing in the fourth quarter, which analysts think will raise China’s fiscal deficit above 3 per cent of GDP — loosely considered its red line....
...Qualcomm to build prototype mixed-reality headsets, said he now believed lightweight, lower-cost smart glasses were a “much bigger opportunity” than devices such as Apple’s Vision Pro, which will cost $3,499...
...Media executives expect the government to push the deal for a more detailed “phase 2” investigation given concerns over RedBird IMI’s majority funding from Abu Dhabi, which could lead it to seek outside...
...Her current record stands at $3.3mn, for “The Garden of Paracelsus” (1957), which sold in 2022....
...The package they clinched on Thursday included a $4.25bn loan that pays an interest rate just 3.25 percentage points above the Sofr floating rate benchmark, a level far below the threshold considered last...
...Excluding the fees it pays to music rightsholders, Spotify’s expenses ballooned from €2.3bn in 2020 to €3.6bn in 2022....
...And Musk’s outspoken posts on his social media platform X risk denting his car company’s brand....
...Its legislature recently backed a bill that will require all large businesses which operate in the state to provide Scope 3 reporting by 2027. Many executives might hate this....
...The inference phase of AI is going to require less computing power than the training phase....
...As the decades of go-go growth fade in the rear-view mirror, Xi’s China may settle into a curious new phase....
...Google ad revenues in the quarter rose 3.3 per cent to $58.1bn, versus forecasts of $57.5bn. YouTube ad revenue rose 4.4 per cent to $7.7bn, against forecasts for $7.4bn....
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