Mergers and Acquisitions
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In separate legal actions, three shareholders hope to block the sale of Tribune Publishing to Alden Global Capital.
Biotech mogul says papers need govt. aid, Tripadvisor seeks credit card partners, Ericsson launches subscription service for remote offices.
Circle launches beverage subscription, Verizon sells Yahoo and AOL, and Amazon’s NFL deal starts a year early.
Twitter announced they would acquire Scroll, an ad-blocking service that provides a cleaner, more streamlined experience for online readers and publishers.
Meredith Corporation is selling its TV business for $2.7B cash to Gray Television, allowing the company to focus on digital and magazine businesses.
Roku could lose YouTube TV app, Stripe acquires TaxJar, and NPR will offer paid podcast subscriptions.
Microsoft might buy Discord, Cinedigm grows viewership by 208% year-over-year, and YouTube TV tries to grow base with big discounts.
Signet Jewelers, the largest diamond retailer in the world, announced last that it would require subscription box service Rocksbox, expanding its jewelry services business.
Ad wraps for bookazines, new funding for Substack and FCC rules on media cross-ownership are all in the weekly subscription news this week.
A pair of billionaires outbids hedge fund Alden Global Capital for Tribune Publishing by $50 million.