Tax rules stop Time Inc. from merging until after June 2016, but CEO Joe Ripp reaches out for partners “in a time of industry decline”
Time Inc. 2014 revenue $3.28B, down 2% from previous year, digital ad revenue up 6% for the year
Mediagazer presents the day's must-read media news on a single page.
The media business is in tumult: from the production side to the distribution side, new technologies are upending the industry. Keeping up with these changes is time-consuming, as essential media coverage is scattered across numerous web sites at any given moment.
Mediagazer simplifies this task by organizing the key coverage in one place. We've combined sophisticated automated aggregation technologies with direct editorial input from knowledgeable human editors to present the one indispensable narrative of an industry in transition.
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Microsoft plans to acquire Activision Blizzard for $68.7B in cash, or $95/share, in FY 2023; Activision's stock, which closed last week at $65.39, jumps 25%+
Apple and Google warn of harmful consequences to user privacy and security from two proposed Senate antitrust bills scheduled to be considered this week
Andrew Asmakov / Decrypt:
Crypto.com halted withdrawals on Monday and required users to sign back in and reset 2FA; research shows it lost 4,600+ ETH, worth ~$15M, in a presumed hack
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