Media Sector

Despite Revenue Growth Pandora Is Exploring Options to Sell Itself

Officially Internet radio is big business and a major player in the sector is Pandora. On Thursday, the company reported that it earned $1.16 billion in 2015 from its personalized Internet radio platform while announcing its fourth quarter earnings report. Compared to last year the company noted twenty six percent boost in revenue. In spite of the strong results the company has plans to take a different route.

Gannett CO. Plans to Acquire Journal Media Group for $280 million Cash

Gannett CO. Plans to Acquire Journal Media Group for $280 million CashOn Wednesday, Gannett Co. Inc said that is planning to acquire Journal Media Group, which is the parent of the Milwaukee Journal Sentinel. It is expected to be a cash deal for approximately $280 million.

Tribune Publishing Co fires Austin Beutner, Los Angeles Times publisher

On Tuesday, Austin Beutner, Angeles Times Publisher was fired by Tribune Publishing Co. The news was confirmed by Mr. Beutner through a message posted on Facebook. He had joined the newspaper just one year ago to strengthen its position in the market after the newspaper group went through a spinoff from the TV business.

Media Stocks Decline as Concerns Raised over Future of TV Business

On Thursday the media stocks got another jolt and dropped considerably fuelled by fears of cord cutting and decline in the number of subscribers.

The fears got additional fuel as Todd Juenger, an analyst at Bernstein Research said "The market is now valuing U. S. ad-supported TV businesses as structurally impaired assets."

Vox Media is Buying Re/code the Tech News Website

Vox Media is Buying Re/code the Tech News WebsiteOn Tuesday, a post on the website of Re/code revealed that, Vox Media, which owns The Verge, is buying Revere Digital. Revere Digital is also the owner of the Re/code which is a tech news website. Recode was founded by Silicon Valley veterans, Walt Mossberg and Kara Swisher.

Merger Deal Between Comcast and Time Warner Cable Still Await Approval

Merger Deal Between Comcast and Time Warner Cable Still Await ApprovalCurrent and former customers of cable services all agree that they really hate the lofty cost and also the poor services that they get from the various operators.

The two largest cable television service providers in the U. S, Comcast and Time Warner Cable have constantly been at the end of the list in most of the consumer satisfaction surveys so far being held.

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