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Trump Media Shares Plummet Erasing Meteoric Gains
Donald Trump's social media venture has experienced a dramatic reversal of fortune on the stock market. Shares in Trump Media & Technology Group (TMTG), the parent company of Truth Social, closed below $17 on Wednesday, effectively…
Sir Paul Marshall Nears 100 Million Pound Acquisition of The Spectator
In a significant development in the UK media landscape, Sir Paul Marshall, the renowned hedge fund founder, is on the brink of acquiring The Spectator for approximately £100 million. The deal, expected to be announced imminently, marks the…
Edgar Bronfman Jr Raises Paramount Bid to 6 Billion Dollars Amidst Intensifying Takeover Battle
The battle for control over Paramount Global has escalated with media mogul Edgar Bronfman Jr. increasing his offer to an impressive $6 billion. This development directly challenges the planned acquisition by David Ellison, son of…
Edgar Bronfman Jr Secures 55bn to Enhance Lastminute Paramount Global Bid
In a significant turn of events, billionaire media investor Edgar Bronfman Jr. has raised up to $5.5 billion to enhance his last-minute offer for Paramount Global, potentially complicating the company's existing agreement with Skydance…
Boris Johnson Holds Talks with Nadhim Zahawi Over Potential Role at The Telegraph Amid Takeover Bid
Former Prime Minister Boris Johnson has recently engaged in discussions with ex-Chancellor Nadhim Zahawi regarding a possible position at The Telegraph, as part of Zahawi's takeover bid for the newspaper. Sources close to Johnson have…
Paramount Global Slashes 15% of US Jobs Ahead of Skydance Merger
Paramount Global, the entertainment behemoth behind Paramount Pictures, CBS, Nickelodeon, and the UK's Channel 5, has announced a significant workforce reduction of approximately 2,000 employees in the United States.
The move comes as…
Former Tory Chancellor Nadhim Zawawi is’seeking backers for £600m Telegraph bid.
Former chancellor Nadhim Zawawi approached a number billionaires about funding a possible £600m bid to buy the Telegraph and Spectator magazines.
Zahawi decided to not run again for his Stratford-on-Avon constituency at the general…
TalkTalk secures £200m from founder
TalkTalk has been scrambling in order to secure a £200m loan from Sir Charles Dunstone, as it tries to avoid collapse.
Directors of TalkTalk warned in its latest annual report that there was a danger the company could collapse "in August…
Private equity firm that backs Six Nations Rugby considers bid for Telegraph
Private equity group , behind the Six Nations Rugby tournament as well as English Premiership Rugby, is considering making a bid to buy the Telegraph. The deadline for the auction for the newspaper group's first round approaches this week.…
Boeing criticised by US regulator after revealing details of panel blowout to media
Boeing was sanctioned for "blatantly violating" regulations when it revealed private information to media and speculated about the cause of the cabin-panel blowout that occurred on a brand new airplane operated by Alaska Airlines in…
YouTube talks AI music deal with record labels
YouTube is in discussions with record labels about licensing their songs to artificial intelligence tools which clone the music of popular artists. The company hopes to gain industry acceptance by offering upfront payments.
Three people…
RedBird IMI is trying to recover £600mn from the Telegraph.
RedBird IMI officially started the process of selling the UK's Telegraph and Spectator magazines in an effort to recoup £600mn that was spent last year on its attempts to take control media assets.
According to sources familiar with the…
TikTok marketers prepare contingency plans for the US ban
As the US prepares for a ban on the popular video app TikTok, agencies representing the biggest advertisers of the app are preparing contingency plans. This includes seeking break clauses within their marketing contracts.
ByteDance…
Shari Redstone concludes talks with Skydance Media on deal to control Paramount
Shari Redstone ended negotiations with Skydance Media on a deal which would have transferred control of the entertainment empire Paramount to billionaire David Ellison.
The decision ends months of talks between Paramount and Ellison's…
Paramount, the owner of Channel 5, has agreed to a merger worth $8 billion with a tech billionaire.
David Ellison's Skydance is awaiting final approval for the takeover of TV & film studio
The US-owned Channel 5 has signed a merger agreement worth $8bn (£6.3bn), with the production company of a tech billionaire heir, bringing an…
UK broadcasters exchange ad time for advertising shares
Kubos is a semiconductor company that recently raised 2m (£1.6m), to accelerate its MicroLED development. The investors were surprised.
S4C, a Welsh-language TV broadcaster, took an equity stake alongside Development Bank of Wales (the…
How class-action lawsuits are drowning UK plc.
Lawyers warn that businesses could be hurt by competition laws becoming a new source of income
Justin Le Patourel, just moments before the UK's very first class-action lawsuit was to start, made a final plea to BT.
Former Ofcom…
Trump’s Truth Social Media Company posts $327m loss in the first quarter
Trump Media and Technology Group (the owner of Donald Trump’s social networking website Truth Social) lost more than 300m dollars last quarter, according its first earnings report since becoming a publicly listed company.
The company…