Comcast Corp’s NBCUniversal said on Tuesday it had invested $200 million in online publisher BuzzFeed, the latest move by the media conglomerate to tap into a younger audience. NBCUniversal invested $200 million last week in Vox Media, owner of tech-focused we... More »
News Corp (NWSA.O) reported a better-than-expected quarterly profit on Wednesday, helped by cost cuts in its news and information services business that includes Dow Jones and the Wall Street Journal. Shares of the company, controlled by Rupert Murdoch, rose a... More »
BEIJING “Tragedy” – that was Alibaba Group Holding Ltd (BABA.N) founder Jack Ma’s prediction for the fate of rival JD.com Inc (JD.O) in comments published earlier this year. On Monday, Alibaba signaled it is no longer writing off its smaller competitor, making... More »
SAN FRANCISCO/MUMBAI, August 12 Facebook is trying to lure skeptical advertisers in India with features such as free email support for questions about advertising and advice on increasing sales in a bid to boost revenue from its second biggest market. Facebook... More »
Norton antivirus software maker Symantec Corp has agreed to sell its data storage unit, Veritas, for $8 billion to a group led by Carlyle Group LP as it seeks cash to turn around its core security software business. The deal, the biggest U.S. leveraged buyout ... More »
SAN FRANCISCO Google Inc (GOOGL.O) announced a surprise overhaul of its operating structure on Monday, creating a holding company called Alphabet to pool its many subsidiaries and separate the core web advertising business from newer ventures like driverless c... More »
AMC Networks Inc’s (AMCX.O) shares fell as much as 14 percent despite the company’s strong results, continuing a slide triggered by Walt Disney Co’s (DIS.N) forecast that suggested that more customers were deserting paid TV than expected. Walt Disney Co (DIS.N... More »
New York Times Co reported lower-than-expected quarterly revenue as its print advertising sales fell for the fourth straight quarter. Shares of the company, which also forecast a decline in its current-quarter ad revenue, fell as much as 6 percent on Thursday.... More »
Viacom Inc reported weaker-than-expected quarterly revenue, hurt by lower advertising revenue from its U.S. cable TV business as viewers increasingly shift to online streaming services. The results add to investor concerns over the U.S. cable industry after di... More »
Media company Twenty-First Century Fox Inc (FOXA.O) on Wednesday reduced its profit expectation for the coming year, citing foreign currency impacts, the timing of film releases, and sports and digital investments in India. Fox had projected earnings in the mi... More »
LAS VEGAS A team of security researchers has demonstrated the ability to hijack standard equipment inside computers, printers and millions of other devices in order to send information out of an office through sound waves. The attack program takes control of t... More »
FRANKFURT/HELSINKI German carmakers BMW (BMWG.DE), Audi (VOWG_p.DE) and Mercedes (DAIGn.DE), will pay around 2.5 billion euros ($2.75 billion) to buy Nokia’s maps business, a transformational deal that will help them to develop self-driving cars. Daimler BMW a... More »
SAN FRANCISCO Facebook Inc Chief Executive Mark Zuckerberg and his wife, Priscilla Chan, are expecting a baby girl, he said on his Facebook page on Friday. The couple, who married in 2012, have been trying to have a child and had three miscarriages, he wrote. ... More »
LOS ANGELES Comcast Corp’s (CMCSA.O) NBCUniversal film and television unit is close to making an investment in online publisher BuzzFeed and is in talks to raise its stake in Vox Media, a person with knowledge of both sets of discussions said on Thursday. The ... More »
LONDON European pay-TV group Sky said on Wednesday it expects to perform strongly in its new financial year after better-than-expected 2014/15 profits prompted investors to rethink their growth forecasts for the newly-enlarged group. Sky, formed from the combi... More »
TOKYO Toshiba Corp’s (6502.T) chief executive Hisao Tanaka and a string of other senior officials resigned on Tuesday for their roles in the country’s biggest accounting scandal in years. Tanaka will be temporarily replaced by Chairman Masashi Muromachi after ... More »
WASHINGTON The federal government could find more cyber intrusions as it takes a close look at its sprawling and sometimes creaky systems in the wake of massive hacks, the nation’s chief information officer told Reuters. “I think it’s a realistic chance, and I... More »
SAN FRANCISCO Reddit Chief Executive Ellen Pao on Monday issued an apology to users of the popular social news platform over the way the company handled the dismissal of a well-liked employee last week, a move that drew widespread outrage from users. The site’... More »
CAPE CANAVERAL, Fla. NASA scientists were working on Sunday to revive the New Horizons spacecraft after it suffered a computer malfunction just nine days before it was due to fly past Pluto. The probe has been barreling toward the dwarf planet and its primary ... More »
BRUSSELS The European Union reached a preliminary deal on Tuesday to scrap mobile roaming charges across the 28-country bloc by June 2017 as part of an overhaul of the continent’s telecoms market to boost growth and innovation. “Under the agreement, roaming su... More »
