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

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

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

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

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

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

2,100 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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