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Saturday | Switched
The Verizon Communications Inc. logo is seen at the International Consumer Electronics Show in Las Vegas, Nevada, U.S., on Thursday, Jan. 12, 2012. The 2012 CES trade show, which runs through Jan 13, features more than 2,700 global technology companies presenting consumer tech products and is expected to draw over 140,000 attendees.
Saturday | Seeking Alpha
It's no surprise that RadioShack was headed for bankruptcy. Revenues have been on the decline for a while now, and debt's been piling up.
The last time TSW readers heard from Sergey " Flash Boy " Aleynikov, the underdog high-frequency trading guru had fought the law to a rare win: the New York State Supreme Court had tossed a raft of evidence in his second criminal case, finding that the feds' original arrest was tainted by a lack of probable cause. Aleynikov was recently back in court yet again, this time on former employer Goldman Sachs' Third Circuit appeal of the District of New Jersey's judgment that Goldman must pay Aleynikov's current and future defense fees , along with the related "fees on fees" .
No deal is imminent but two large equity funds are reportedly talking to investment bankers about putting the channel and related assets up for bid The two large equity funds that own majority interest in The Weather Channel have been considering selling their stake for at least a year, an informed source tells The Hollywood Reporter . That gives credence to a Friday report by Bloomberg that Blackstone Group and Bain Capital have talked with JP Morgan Chase & Co.
John Malone 's international cable giant Liberty Global is not planning big acquisitions of content companies, CEO Mike Fries told an investor conference in New York on Friday. Speaking at the Goldman Sachs Communacopia Conference, he said recent deals, such as one to acquire U.K. production firm All3Media in a joint deal with Discovery Communications , have been small, high-return and strategic.
CEO Mike White also discusses the planned NFL Sunday ticket and A&T deals and how to serve cord cutters Mike White , the CEO of pay-TV giant DirecTV, said Friday that the firm would launch a previously discussed online video service targeting Hispanics and was "highly confident" to have a finalized NFL Sunday Ticket renewal deal by year-end. "We don't have anything to announce today," he told the Goldman Sachs Communacopia conference in New York in a session that was webcast.
SIX OFFERS IN FOR MORAN AND BEWLEY'S HOTEL GROUP - Six offers have been received for the Moran and Bewley's Hotel Group, run by Limerick businessman Tom Moran and his family. All bids are above 400 million, a price that obliged its board to undertake a sales process under the terms of a restructuring agreement with its lenders late last year, writes the Irish Times.
Speaking at a Goldman Sachs investor conference in New York Thursday, Tim Andree, EVP at Japan-based Dentsu, said the holding company was not interested in purchasing either holding at this time. Dentsu acquired Aegis group in 2013 for about $5 billion, which is the largest acquisition made by the company to date.
If a survey of 2,400 consumers is accurate, pay television distributors are about to lose five percent of their younger customers . The findings of a "Media Consumption Survey" were presented on Thursday at the 23rd Annual Goldman Sachs Communacopia Conference in New York by Mike Vorhaus at Frank N. Magid Associates.
Live Nation said Thursday its Ticketmaster unit has acquired Eventjoy for an undisclosed sum, and Live Nation CEO Michael Rapino touted the purchase at an investor's conference in New York, where he also said more acquisitions are likely. "On a global basis, there's obviously companies still out there that are in our space -- ticketing and concerts on a global basis.
Pandora Media, the pioneering Internet radio service, reached a licensing agreement with rights management group BMG for hit songs of musicians and artists ranging from Beyonce to Frank Sinatra. Pandora and the music industry have been fighting over the cost of royalties and licensing for several years, and this deal "ensured a royalty structure that works better for both of us," Pandora Chief Financial Officer Mike Herring said at an investor conference hosted by Goldman Sachs in New York on Thursday.
Scripps Networks Interactive CEO Ken Lowe called the company's Travel Channel "a work in progress" and said its growth, especially among women, is one of his top priorities. "We're really going out of the Scripps playbook where it's more about catering to an upscale audience," Lowe said Thursday at the 23rd Annual Goldman Sachs Coummunacopia Conference in New York.
If you've been champing at the bit to hear more about Verizon's upcoming television offerings, CEO Lowell McAdam has spilled a few more details. During remarks at the Goldman Sachs Communacopia conference in New York, the chief executive said that the launch of the wireless company's online TV service would arrive "probably late in the first half of 2015."
AMC Networks CEO Josh Sapan at an investor conference in New York on Thursday compared AMC hit show The Walking Dead to the NFL. Appearing at the Goldman Sachs Communacopia conference, he said: "It actually delivers audience like the NFL."
Fortress Investment Group LLC, the first publicly traded hedge-fund and private-equity manager in the U.S., hired Adam Rosenberg from Goldman Sachs Group Inc. to lead credit investments in gaming and leisure companies. Rosenberg, who was global head of gaming investment banking at Goldman Sachs, spent 16 years at the New York-based investment bank, according to a statement today.
In what Goldman Sachs is calling the end of the "Iron Age," iron ore prices have fallen 38 percent so far this year. And, if weak demand continues, they could keep dropping.
Updated: Sat Sep 13, 2014 08:58 am
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