Jan 4 (Reuters) – Hulu Chief Executive Jason Kilar will
leave the streaming TV company this quarter, he wrote in a blog
post on the company’s website on Friday, raising more questions
about its future path under multiple owners.
Kilar has long been rumored to be exiting the company as it
faces stiff competition from Netflix Inc, Amazon.com
Inc as well as Google Inc and Apple Inc
NEW YORK, Jan 2 (Reuters) – A federal judge on Wednesday
rejected The New York Times’ bid to force the U.S. government to
disclose more information about its targeted killing of people
it believes have ties to terrorism, including American citizens.
U.S. District Judge Colleen McMahon in Manhattan said the
Obama administration did not violate the law by refusing the
Times’ request for the legal justifications for targeted
killings, a strategy the Times said was first contemplated by
the Bush administration soon after the attacks of Sept. 11,
(Reuters) – Tribune Co, which started by publishing the Chicago Tribune on a hand press in 1847, sees a future in broadcasting, one not likely to include the major newspapers that made it a force in the news business.
Now that it has formally emerged from a four-year bankruptcy, Tribune is expected to concentrate on its WGN America cable network and a 23-station TV group it tried to fashion into its own broadcast network in the mid-1990s.
(Reuters) – Nielsen Holdings NV, the largest provider of television viewership ratings, will now dominate radio listening ratings as well.
Nielsen on Tuesday struck a deal to acquire its radio counterpart, Arbitron Inc, for $1.26 billion. The deal creates a powerhouse that places the measurement of audience for TV and radio under the control of one company.
NEW YORK/LOS ANGELES (Reuters) – San Diego Union-Tribune owner Doug Manchester and Orange County Register owner Aaron Kushner are interested in acquiring Tribune’s stable of newspapers, according to people familiar with the situation.
The Tribune Co, owner of the Los Angeles Times and the Chicago Tribune, will be seeking buyers for its newspapers once it emerges from bankruptcy, expected by December 31, these sources said.
Dec 6 (Reuters) – Digital music service Spotify rolled out
new features and said it increased the number of active users at
a press event that featured a special musical performance by
Spotify now has 20 million active users worldwide, up 33
percent in less than six months. The company counts five million
people among paying subscribers, a 25 percent increase during
the same time period.
Dec 4 (Reuters) – Pandora Media Inc lowered its
fourth-quarter guidance, blaming a pull back by advertisers on
the so-called looming fiscal cliff, but analysts suggested it
was due more to increasing competition.
The outlook on Tuesday rattled investors, sending Pandora
shares tumbling 20 percent in after-hours trade, as the company
had been steadily increasing its revenue. Last quarter, for
instance, it raised its outlook.
Dec 4 (Reuters) – Pandora Media Inc lowered its fourth
quarter guidance because advertisers, spooked by the looming
fiscal cliff, have pulled back on spending.
The outlook on Tuesday sent Pandora shares tumbling 20
percent in after-hours trading.
Dec 3 (Reuters) – News Corp is expected to announce
as early as this week that it will buy SportsTime Ohio, a TV
channel owned by the Cleveland Indians baseball team, for around
$230 million, sources told Reuters, marking its second
acquisition of a regional sports channel since late last month.
The deal would give News Corp’s Fox Sports unit the rights
to broadcast the Major League Baseball team’s games, according
to two sources with knowledge of the negotiations. That would
add to the games that its Fox Sports Ohio channel carries from
basketball’s Cleveland Cavaliers, the Cincinnati Reds baseball
team and others.
(Reuters) – Rupert Murdoch tapped Wall Street Journal managing editor Robert Thomson, a close confidant with little experience on the business side of publishing, as Chief Executive of his new publishing company, which will retain the News Corp name.
Thomson’s appointment coincided with several other announcements related to the impending publishing company spin-off, including the closing of The Daily, the heavily-hyped digital newspaper for Apple Inc’s iPad, and the naming of other key executives.