Category: Media / Entertainment

Facebook plans to launch its “news section” in the fall
11. 8. 2019 No Responses

Facebook plans to launch its “news section” in the fall

The social media giant has offered mainstream outlets as much as $3 million per year for the privilege of using their headlines, article excerpts and stories, according to people familiar with the deal who spoke to the Wall Street Journal...
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Verizon Media’s new CEO about new strategy to turn things around
26. 6. 2019 No Responses

Verizon Media’s new CEO about new strategy to turn things around

New CEO Guru Gowrappan has a big job to do after inheriting a fragmented business that is losing millions. Guru Gowrappan has flown into Cannes via London, where he watched Australia survive a scare against underdogs Sri Lanka in the...
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The National Enquirer sold for $100 million to James Cohen
18. 4. 2019 No Responses

The National Enquirer sold for $100 million to James Cohen

American Media Inc. sold the National Enquirer for $100 million to James Cohen, CEO of Hudson News. The notorious tabloid, along with two sister periodics, has a new owner – the head of the travel retailer known for its airport newsstands....
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Rumor: Facebook Is Looking for VC to Launch Its Own Stablecoin
9. 4. 2019 No Responses

Rumor: Facebook Is Looking for VC to Launch Its Own Stablecoin

According to Nathaniel Popper, editor of the New York Times, Facebook addresses VC (venture capital) investors as it seeks $1 billion as underlying collateral for its own stablecoin. Popper has posted this rumor on his Twitter account yesterday. News on...
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Large-size panel global output to grow 12% in 2019
14. 3. 2019 No Responses

Large-size panel global output to grow 12% in 2019

The availability of new LCD and OLED fabs and capacity ramps at existing lines are likely to result in an annual growth about 12% in large-size panels sector in 2019, according to industry sources. A total of four fabs dedicated...
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TUI has widened quarterly losses
12. 2. 2019 No Responses

TUI has widened quarterly losses

TUI Group – largest travel company in the world, associating 1,600 travel agencies, reported a sharp deterioration in economic results. Its loss increased to 83.6 million euros ($ 94.34 million) in the last quarter of the year (the first fiscal...
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2,100 people lost their jobs in a media landslide this year
2. 2. 2019 No Responses

2,100 people lost their jobs in a media landslide this year

The media industry seemed to be in freefall following the announcement that Vice Media would cut 10% of its staff and that McClatchy Company offered buyouts to 450 employees, bringing the total number of media jobs cut in 2019 to...
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