Media Sector

New Media Investment Group Inc. to purchase Halifax Media Group

New Media Investment Group Inc. to purchase Halifax Media GroupFor the second time in quick succession the Worcester Telegram & Gazette is going to go into new hands as its parent Halifax Media Group is being bought by New Media Investment Group Inc. (GateHouse Media)

National CineMedia and Screenvision LLC Merger Face a Snag

National CineMedia and Screenvision LLC Merger Face a SnagThe Department of Justice asked a federal court in New York to obstruct the merger plan of the two large movie house advertising companies of the nation on Monday.

National CineMedia Inc. has planned to go in for a $375 million takeover of Screenvision LLC. The companies are rivals who compete for advertisements that are shown in theatres just before the movies start.

Disney’s Profit Surpasses Estimates with Big Hits

Disney’s Profit Surpasses Estimates with Big Hits  The quarterly profits of Walt Disney the world's largest media company surpassed the expectations of Wall Street. The great success is attributed to the strong performance of its movie "Captain America", greater turnout at the theme parks in the U. S. and rapid sales of merchandise that are related to its mega-hit movie "Frozen."

Instagram suffered service outage on Saturday; users complained on Twitter

InstagramPopular photo- and video-sharing site Instagram suffered an outage for several hours on Saturday. The outage prompted a number of annoyed Instagram users to voice their complaints on Twitter microblogging site.

Netflix signs multi-year deal with Comcast

Netflix-ComcastVideo streaming service Netflix and bigwig US Internet service provider Comcast have revealed in an almost-identical canned statement that they have signed a multi-year agreement because of which the streaming of Netflix's videos will become smoother and faster.

Sirius ought to have a Richer Offer From Liberty Media

Sirius ought to have a Richer Offer From Liberty MediaOn Monday, Sirius XM shares soared 7 percent to $3.83 as investors seemed to conclude that a buyout offer from Liberty Media is too low and headed higher.

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