Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
close dealbook-branding close story-meta Photo Customers at the Whole Foods Market in Manhattan. Credit John Taggart for The New York Times said on Friday that it had agreed to buy the upscale supermarket chain Whole Foods for $13.4 billion, in the online retailer’s latest push into the grocery business. The deal comes as the high-end…
Joe Ricketts. Photo: AP John Ness is out as editor-in-chief of DNAinfo.com, sources in the newsroom have told Jezebel. Ness did not return a request for comment about the circumstances of his leaving. We do know, however, that members of DNAinfo’s most senior editorial staff were laid off in the run-up to the announcement earlier…
In 2013, tropical-fruit tycoon David Murdock, who was the chairman, chief executive officer and biggest shareholder of Dole Food Co., took it private for $13.50 a share. A lot of shareholders felt that that price was way too low, and that Murdock had sandbagged the shareholders by driving down the value of the company so he could…
A Yahoo conference last year. The company said it discovered a 2013 attack after analyzing files provided by law enforcement. Credit Victor J. Blue/Bloomberg SAN FRANCISCO — Yahoo, already reeling from its September disclosure that 500 million user accounts had been hacked in 2014, disclosed Wednesday that a different attack in 2013 compromised more than…
Anyone familiar with Team Pebble knows full well: keeping quiet isn’t our style. We love sharing Pebble’s story with you—whether it’s a new product, fresh feature, or simply staying in touch online and in person. Aside from announcing Pebble’s 4.3 software updates, our silence over the past month was deafening and out-of-character—we’re sorry for that….
storytext 5 stunning stats about Netflix Netflix is once again a Wall Street darling after reporting strong earnings and solid international subscriber growth. But could that make the red hot company a takeover target in the rapidly changing media world? Source: Why Disney should buy Netflix instead of Twitter – Oct. 26, 2016
storytext 5 stunning stats about Netflix Netflix is once again a Wall Street darling after reporting strong earnings and solid international subscriber growth. But could that make the red hot company a takeover target in the rapidly changing media world? Source: Why Disney should buy Netflix instead of Twitter
storytext The long-rumored marriage of USA Today owner Gannett and LA Times publisher Tronc is suddenly in doubt. Shares of Tronc (TRNC) plummeted 28% on Thursday following a report that banks have pulled financing for the company’s potential takeover by rival Gannett (GCI). Source: Tronc shares crash 28% on Gannett deal fears
Economies need competition to work. Almost all basic economic theories, including supply and demand itself, rely on the assumption that companies lower prices to undercut the competition whenever possible. If sellers can set whatever prices they like, that’s a monopoly. And as any good Econ 101 class will teach you, monopolies hold production below…
storytext AT&T has never owned a news division before. Now, assuming its $85 billion deal to acquire Time Warner passes regulatory muster, it will take control of CNN, one of the world’s biggest news organizations. Journalists at the network, myself included, immediately had questions about how AT&T will approach its role as a steward of…