Greece back in crisis mode on state TV shutdown, downgrade
ATHENS (Reuters) - Greece's fragile government faced an internal revolt and fierce public protest on Wednesday over the sudden closure of state broadcaster ERT, hours after the humiliation of seeing its bourse downgraded to emerging market status. The twin setbacks, coupled with the derailing of a troubled privatization program, blew a hole in rising investor confidence that had prompted Prime Minister Antonis Samaras to declare the risk of a "Grexit" from the euro was dead and a "Greekovery" was under way.
Advertising group WPP sees growth pick-up in April
LONDON (Reuters) - The world's largest advertising group, WPP, said its organic revenue growth picked up in April, led by branding activities and digital communications. The British company said in a trading update to coincide with its annual shareholder meeting that revenue rose 2.3 percent on a like-for-like basis in the first four months of the year, an improvement on the 2.1 percent growth seen in the first quarter.
HMV-owner Hilco rescues Ireland's largest DVD rental chain
DUBLIN (Reuters) - HMV-owner Hilco bought Ireland's largest film and computer game rental retailer Xtra-Vision on Tuesday, potentially saving close to 1,000 jobs after the firm sought protection from its creditors in April. Restructuring specialist Hilco, which rescued Britain's most high-profile entertainment retailer HMV earlier this year, said it hoped it would be able to keep Xtra-vision's remaining 132 stores open following negotiations with landlords.
Analysis: Disney goes to Infinity to turn around gaming unit
(Reuters) - When Walt Disney Co introduced its latest video game, Infinity, to the gaming faithful this week at the annual E3 gaming conference, it rented a Los Angeles movie theater to show 30-minute clips of upcoming films and hosted a party with the glitz it usually reserves for its blockbuster movie wannabes. It shows just how much the company is counting on Infinity - whose players can for the first time mix together characters from Disney's different franchises - to help turn around one part of the media giant that stubbornly refuses to turn a profit.
UK horse racing must resolve scandals to keep backers
LONDON (Reuters) - British horse racing will not suffer commercial damage from recent doping scandals if it shows it can handle them effectively, the head of the sport's governing body said on Tuesday. But given the very challenging economic environment the sport does need more money from Britain's bookmakers to sustain the number and quality of races, British Horseracing Authority (BHA) Chief Executive Paul Bittar said.
Axel Springer shareholder sells 2.8 percent stake: bank
FRANKFURT (Reuters) - Good Media Investment Holdings SARL is selling its 2.8 percent stake in German publisher Axel Springer AG, Deutsche Bank said on Tuesday. The shares are being offered via an accelerated bookbuilding procedure for which Deutsche Bank is acting as sole bookrunner, the bank said.
Twitter partners with world's largest ad agency
(Reuters) - Twitter and WPP, the world's largest advertising agency, have combined forces to better focus advertising by using consumer data. The strategic partnership, announced on Thursday, means that WPP and its agencies such as GroupM and Kantar, will use Twitter's data trove to gain insight into customer behavior to pinpoint where to spend its ad dollars.
TiVo's $490 million patent settlement not enough for shareholders
(Reuters) - Video recorder pioneer TiVo Inc said it would get $490 million as settlement for a patent lawsuit against Google Inc's Motorola Mobility and others, but its shares fell 20 percent as the size of the payout disappointed shareholders. Some analysts had expected a settlement of up to $1.7 billion with Motorola Mobility, Cisco Systems Inc and Time Warner Cable Inc.
CBS secures ad rate rises of up to 8.5 percent for fall season
(Reuters) - The CBS broadcast television network is close to finishing sales of roughly $2.7 billion in advance advertising commitments for the fall TV season, a person familiar with the negotiations said on Friday. CBS, a unit of CBS Corp, secured rate increases of 7.5 percent to 8.5 percent over the prices it charged last year, the person said. Barclays Capital analysts had expected a 6.5 percent increase.
UK prime minister's ex-media chief denies phone hacking charges
LONDON (Reuters) - Andy Coulson, British Prime Minister David Cameron's former media chief and ex-editor of Rupert Murdoch's News of the World tabloid, pleaded not guilty to charges related to phone hacking on Thursday. The 45-year-old Coulson resigned from his job as director of communications in Downing Street in January 2011 and was arrested in July that year over allegations of criminal behavior at the tabloid he edited from 2003 to 2007.
Source: http://news.yahoo.com/us-industry-summary-084025638.html
Hannah Storm fergie new years looper New Years Eve New Year Outback Bowl
কোন মন্তব্য নেই:
একটি মন্তব্য পোস্ট করুন