Jennifer's Feed
Aug 6, 2014

Pandora strikes first partnership with independent artists

Aug 6 (Reuters) – Pandora Media Inc has partnered with
a global rights agency representing thousands of independent
artists and bands, such as Arcade Fire, Wilco and Lenny Kravitz,
the online streaming music service said on Wednesday.

The partnership with Merlin is the first for Pandora,
meaning it will now have a direct relationship with more than
20,000 independent record labels and distributors that represent
about 10 percent of the worldwide music market.

Aug 6, 2014

Viacom revenue misses estimates on fewer movie releases

Aug 6 (Reuters) – Viacom Inc, the owner of cable
networks MTV and Comedy Central and movie studio Paramount
Pictures, on Wednesday posted lower-than-expected second-quarter
revenue as it released fewer movies.

The release in late June of the latest “Transformers” movie,
which has since reached blockbuster status, came too late in the
quarter to save Viacom’s filmed entertainment unit from a
decline in revenue; the unit’s revenue fell 26 percent.

Aug 6, 2014

Time Warner CEO questions megadeals after Fox pulls out

By Jennifer Saba

(Reuters) – Time Warner Inc Chief Executive Jeff Bewkes opened his remarks during the company’s second quarter earnings call on Wednesday vowing he would not discuss Twenty-First Century Fox’s stunning turnabout to pull its offer to buy Time Warner.

But Bewkes responded when one analyst sidestepped the request and asked broadly about merger and acquisition opportunities and if there is any pressure to grow the company.

Aug 6, 2014

Pandora strikes first partnership with digital rights agency

Aug 6 (Reuters) – Pandora Media Inc has partnered with
a global rights agency representing thousands of independent
artists and bands, such as Arcade Fire, Wilco and Lenny Kravitz,
the online streaming music service said on Wednesday.

The partnership with London-based Merlin is the first for
Pandora, meaning it will now have a direct relationship with
more than 20,000 independent record labels and distributors that
represent about 10 percent of the worldwide music market.

Aug 5, 2014

Rupert Murdoch’s Fox abandons Time Warner takeover bid

By Jennifer Saba and Soyoung Kim

(Reuters) – Rupert Murdoch’s Twenty-First Century Fox (FOXA.O: Quote, Profile, Research, Stock Buzz) decided to pull its $80 billion offer to buy Time Warner Inc (TWX.N: Quote, Profile, Research, Stock Buzz) on Tuesday, abandoning plans to create one of the world’s largest media conglomerates.

The surprise announcement appeared to cut short what many investors had viewed as an inevitable battle of attrition over a deal that would have joined two of Hollywood’s biggest studios and TV networks from TNT to Fox News.

Aug 5, 2014

Gannett to spin off newspapers as it focuses on TV

By Supantha Mukherjee and Jennifer Saba

(Reuters) – Gannett Co (GCI.N: Quote, Profile, Research, Stock Buzz) said on Tuesday it would spin off its print operations, including USA Today, becoming the latest media company to separate slower-growing publishing assets from TV and digital properties.

In a widely expected move, Gannett joined the ranks of News Corp (NWSA.O: Quote, Profile, Research, Stock Buzz), Time Warner Inc (TWX.N: Quote, Profile, Research, Stock Buzz) and Tribune Media (TRBAA.PK: Quote, Profile, Research, Stock Buzz), which have all jettisoned print businesses as newspapers and magazines face unprecedented challenges with declines in advertising revenue and readership.

Aug 4, 2014

Murdoch’s Fox expected to push for Time Warner deal on Wednesday

By Jennifer Saba

(Reuters) – Rupert Murdoch’s Twenty-First Century Fox Inc is expected to make an aggressive case for merging with Time Warner Inc during its quarterly earnings call on Wednesday, though people familiar with the company’s plans have said it would not use that forum to raise its bid.

Time Warner is due to report its financial results on Wednesday as well, marking the first time executives from both companies will publicly speak since the offer was first revealed on July 16.

Aug 3, 2014

Exclusive: Goldman group set to buy message system as alternative to Bloomberg

NEW YORK (Reuters) – Wall Street firms led by Goldman Sachs Group Inc (GS.N: Quote, Profile, Research) are close to buying a stake in chat and instant messaging startup Perzo Inc in pursuit of an alternative to a similar application from Bloomberg LP, sources familiar with Goldman’s plans said.

Banks are trying to cut costs as sluggish trading volumes and higher regulation weigh on revenues. Bloomberg has dominated messaging on Wall Street for years, but its application is part of a data, trading and news terminal that costs about $20,000 a year. The Perzo applications are free.

Aug 3, 2014

Exclusive: Goldman group set to buy message system as alternative to Bloomberg – sources

NEW YORK (Reuters) – Wall Street firms led by Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) are close to buying a stake in chat and instant messaging startup Perzo Inc in pursuit of an alternative to a similar application from Bloomberg LP, sources familiar with Goldman’s plans said.

Banks are trying to cut costs as sluggish trading volumes and higher regulation weigh on revenues. Bloomberg has dominated messaging on Wall Street for years, but its application is part of a data, trading and news terminal that costs about $20,000 a year. The Perzo applications are free.

Aug 3, 2014

Goldman group set to buy message system as alternative to Bloomberg-sources

NEW YORK, Aug 3 (Reuters) – Wall Street firms led by Goldman
Sachs Group Inc are close to buying a stake in chat and
instant messaging startup Perzo Inc in pursuit of an alternative
to a similar application from Bloomberg LP, sources familiar
with Goldman’s plans said.

Banks are trying to cut costs as sluggish trading volumes
and higher regulation weigh on revenues. Bloomberg has dominated
messaging on Wall Street for years, but its application is part
of a data, trading and news terminal that costs about $20,000 a
year. The Perzo applications are free.