Sinclair agrees to pay record-setting $48 million FCC civil penalty
WASHINGTON (Reuters) – Sinclair Broadcast Group (SBGI.O) has agreed to pay a $48 million fine to the Federal Communications Commission…
Dozens of Asia trade fairs, conferences postponed amid coronavirus fears
SHANGHAI/BEIJING (Reuters) – More than two dozen large trade fairs and industry conferences in Asia have been postponed because of…
Factbox: Companies feel impact of coronavirus outbreak in China
(Reuters) – Some companies have warned that a coronavirus outbreak in China that has killed more than 250 people and…
Netflix shares jump as subscribers grow ahead of Disney, Apple attack
(Reuters) – Netflix Inc (NFLX.O) added slightly more paying subscribers than Wall Street expected in the third quarter, a relief…
India’s Eros Now ties up with Microsoft’s Azure platform
MUMBAI (Reuters) – India’s Eros Now said on Thursday it is tying up with Microsoft’s Azure cloud platform to host…
Airbnb plans stock market splash in 2020
FILE PHOTO: The logos of Airbnb are displayed at an Airbnb event in Tokyo, Japan, June 14, 2018. REUTERS/Issei Kato/File…
Measles-stricken New Zealand girl visited Disneyland, other California destinations
LOS ANGELES (Reuters) – A teenage girl from New Zealand sick with measles visited Disneyland and other popular tourist stops…
Wall St. slips after three days of gains; Home Depot rises
(Reuters) – Wall Street’s main indexes edged lower on Tuesday after three sessions of gains, as lower Treasury yields weighed…
Walmart tells staff to pull violent video game signage from stores
(Reuters) – Walmart Inc said on Friday it has asked employees at its stores in the United States to take…
Five things to look for in Netflix’s second-quarter report
NEW YORK (Reuters) – When Netflix Inc (NFLX.O) reports second-quarter earnings on Wednesday, a big question is how the streaming…
Disney poaches Netflix film executive for streaming service
FILE PHOTO: The entrance gate to The Walt Disney Co is pictured in Burbank, California February 5, 2014. REUTERS/Mario Anzuoni…
Disney bans smoking at U.S. parks ahead of ‘Star Wars’ openings
Security officers staff the entrance at the Walt Disney World’s Magic Kingdom in Orlando, Florida, U.S. June 13, 2016. REUTERS/Barbara…
Disney profit beats, driven by theme parks, ABC network
(Reuters) – Walt Disney Co’s reported quarterly earnings on Tuesday that topped Wall Street estimates thanks to the company’s booming…
Netflix shares fall as weak forecast dampens investor optimism
(Reuters) – Shares of Netflix Inc fell nearly 5 percent on Friday, as investors looked past its record subscriber numbers…
Exclusive: Netflix poaches CFO from Activision Blizzard – source
The Netflix logo is shown in this illustration photograph in Encinitas, California October 14, 2014. REUTERS/Mike Blake/File Photo (Reuters) –…
Tencent Music debut strikes a chord with investors
(Reuters) – Shares of China-based music streaming company Tencent Music Entertainment TME.N rose more than 13 percent in their U.S.…
Disney tops profit targets as fans flock to parks, movies
(Reuters) – Walt Disney Co (DIS.N) reported a quarterly profit that topped Wall Street estimates on Thursday, driven by summer…
Walmart partners with MGM to boost video-on-demand service Vudu
NEW YORK (Reuters) – Walmart Inc (WMT.N) said on Monday it would partner with U.S. movie studio Metro Goldwyn Mayer…
Comcast outbids Fox with $40 billion offer for Sky in auction
LONDON (Reuters) – Comcast (CMCSA.O) beat Rupert Murdoch’s Twenty-First Century Fox (FOXA.O) in the battle for Sky (SKYB.L) on Saturday…
What sector overhaul means for tech stocks, Wall Street
NEW YORK (Reuters) – The most significant changes to Wall Street’s broad industry sectors since 1999 will take effect Monday,…
Activist Elliott argues Sky is worth over $34 billion, UK regulator says
LONDON (Reuters) – Activist hedge fund Elliott believes Walt Disney’s (DIS.N) deal to buy assets from Twenty-First Century Fox (FOXA.O)…
Foreign casino operators go all in as they vie for Osaka license
OSAKA (Reuters) – In late July, a lavish fireworks display lit up Osaka’s skies in the finale to one of…
Viacom shares gain as ‘Mission Impossible’ powers Paramount
(Reuters) – Viacom Inc’s (VIAB.O) quarterly profit beat analysts’ estimates and the media company forecast a strong current quarter, boosted…
Papa John’s shares fall as board adopts ‘poison pill’
(Reuters) – Shares of Papa John’s International Inc (PZZA.O) fell 8 percent on Monday after the pizza chain said it…
Sky shares leap as Comcast and Fox lock horns in bid battle
LONDON (Reuters) – Sky (SKYB.L) shares leapt to an 18-year high on Thursday as investors bet a transatlantic battle for…
Comcast makes higher offer for Sky, tops Fox bid
(Reuters) – Comcast Corp (CMCSA.O) on Wednesday raised its offer for Britain’s Sky (SKYB.L) in a deal valuing the pay-TV…
U.S. mergers help bank fees spike to record highs
NEW YORK (LPC) – A record $1.45 trillion of US syndicated lending to companies for acquisitions, leveraged buyouts, dividends and…
Fox shareholder urges Murdoch to give Comcast time to beat Disney bid
(Reuters) – TCI Fund Management Ltd, a large Twenty-First Century Fox Inc (FOXA.O) shareholder, has urged Fox executive chairman Rupert…
U.S. gives Disney approval to buy Fox amid bidding war with Comcast
WASHINGTON (Reuters) – Walt Disney Co won U.S. approval to buy Twenty-First Century Fox Inc entertainment assets for $71.3 billion…
Wall Street Week Ahead: Supercharged telecom sector could become investor favorite
SAN FRANCISCO (Reuters) – An overhauled telecommunications sector featuring most of the so-called FANG stocks could debut as Wall Street’s…
AT&T wins court approval to buy Time Warner over Trump opposition
WASHINGTON (Reuters) – AT&T Inc won court approval on Tuesday to buy Time Warner Inc for $85 billion, rebuffing an…
Fox sets Disney deal vote for July 10
(Reuters) – Twenty-First Century Fox Inc (FOXA.O) will hold a special meeting on July 10th for its stockholders to vote…
Comcast prepares to top Disney’s $50 billion offer for Fox
(Reuters) – Comcast Corp (CMCSA.O) confirmed on Wednesday it was preparing a higher, all-cash offer for most of the media…
Britain unlikely to investigate Comcast bid for Sky, says minister
LONDON (Reuters) – Britain said it was unlikely to refer Comcast’s (CMCSA.O) bid for Sky (SKYB.L) for a lengthy investigation…
Lachlan Murdoch to be CEO of new Fox after Disney deal
(Reuters) – Twenty First Century Fox (FOXA.O) said on Wednesday Executive Chairman Lachlan Murdoch will serve as chairman and CEO…
Exclusive: Comcast prepares all-cash bid to gate-crash Disney-Fox deal – sources
(Reuters) – U.S. cable operator Comcast Corp is asking investment banks to increase a bridge financing facility by as much…
Ex-Wynn Resorts CEO files defamation lawsuit against former employee – WSJ
(Reuters) – Steve Wynn, who resigned in February as chief executive of Wynn Resorts Ltd (WYNN.O) following allegations of sexual…
ESPN+ streaming service launches Disney’s digital drive
LOS ANGELES (Reuters) – Walt Disney Co (DIS.N) on Thursday debuted its new ESPN+ digital subscription service, the first consumer…
Netflix offering more than $300 million for billboard company: sources
(Reuters) – Netflix Inc (NFLX.O) is offering more than $300 million to buy a company that owns billboards across Los…
Wynn Resorts to pay $2.6 billion to settle lawsuit with Japan’s Universal
(Reuters) – Wynn Resorts Ltd (WYNN.O) has agreed to pay $2.6 billion to settle a lawsuit brought by Japan’s Universal…