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’HuffPo proves there IS (a lot of) money in blogs
It’s a question that has plagued bloggers since – well, since the industry began its hitherto short life. Some manage to sell much more advertising than others but the Truly Big Moment comes when a big entity walks in and puts a pile of cash on the table.
Dogeza, US style
Here’s a trend we’d like to encourage…
Ten years after consummating what is generally regarded as the worst merger in corporate history, former Time Warner AOL chief executive Jerry Levin has apologised.
Time Warner to spin off AOL
Media conglomerate Time Warner said on Monday it will spin off its AOL unit to shareholders on Dec 9, nine tumultuous years after one of the most disastrous corporate mergers in history, reports Reuters.
CDS report: Earnings beats, positive data boost sentiment
Markit’s Gavan Nolan wrote this CDS report
European credit indices recovered losses from yesterday’s correction amid signs that the major economies are continuing to improve. The Markit iTraxx Europe index was trading around 87bp,
Spending drought hits Time Warner
The prolonged global advertising drought hurt Time Warner in the second quarter as steep double-digit declines in online and magazine publishing sales sent the media group’s net profit down 8% to $519m.
CDS report: Worries about asset quality hit Spanish banks
This CDS report was written by Markit’s Gavan Nolan
European credit markets struggled for the second consecutive session, paying little heed to rallying stick markets. The Markit iTraxx Europe index was trading around 94.7bp,
Time Warner to spin off AOL by year-end
Time Warner will spin off the entire AOL internet business by year-end, the US media group said on Thursday, bringing the curtain down on one of the biggest and worst deals in history. AOL’s all-share acquisition in 2001 valued Time Warner at $164bn but was followed by a series of huge write-downs,
Time Warner close to AOL deal
Time Warner is close to a decision to spin off all of its AOL internet business. Although not yet final, executives are known to favour spinning off the whole division rather than a part of it. Over the past year,
CDS update: US weakness weighs on Europe
This CDS report was written by Markit’s Gavan Nolan
European credit indices gave back some of their gains this afternoon following disturbing news from the US. This morning saw a continuation of the recent rally,
Microsoft and News Corp talk on Yahoo
News Corp is in “serious talks” with Microsoft over a joint bid for Yahoo, reports the WSJ, although the NYT says the talks are at a “sensitive stage”. Meanwhile, Yahoo and Time Warner’s AOL are nearing a deal to combine their internet operations,
Time Warner to split AOL businesses
Time Warner is separating AOL’s dial-up internet access service from its faster-growing online advertising business. The move could presage a sale or further realignment of both businesses in response to Microsoft’s $42.2bn offer for Yahoo.
Time Warner fires HBO chief after alleged assault
Time Warner ousted Chris Albrecht, HBO chairman and chief executive, yesterday following his arrest for allegedly assaulting his girlfriend in a Las Vegas parking lot on Sunday. Bill Nelson, HBO chief operating officer,
Time Warner says cable spin-off is a priority
Turning Time Warner Cable into a separately traded company is top of the list of priorities at Time Warner this year as the media group tries to further bolster its share price further, Dick Parsons, chairman and chief executive,