British currency could drop 10% on Brexit, says AllianceBernstein’s Williams: https://t.co/PYIqIp0lGf https://t.co/Ve0wTLr49M
former New York City Mayor Michael Bloomberg - Jazz at Lincoln Center's Ertegun Atrium and Ertegun Hall of Fame grand reopening - Arrivals - New York, New York, United States - Thursday 17th December 2015
Manufacturers of new state-of-the-art TV sets with the built-in capability to connect to the Internet will likely use software from San Francisco-based Cognitive Networks Inc. that will track what viewers are watching and relay that information to marketing firms, Bloomberg News reported on Tuesday. The Wire service said that Seoul-based LG Electronics has already agreed to include the Cognitive software, while Samsung and Vizio are currently discussing using it. Cognitive chief Michael Collette told Bloomberg that the software could provide manufacturers with annual revenue that would boost the one-time-only amount of around 5 percent that they make on the sale of a TV set, which averages around $4. The 4 bucks they make on a set, they can at least double with the $5 they may make a year from the new recurring revenue, Collette told Bloomberg. Similar software by Sony, called Gracenote, may be included in TV sets from other manufacturers, according to Bloomberg.
The apparent plans of John Malone to create the kind of cable superpower overseas that he achieved in the U.S. when his Tele-Communications Inc. was the dominant cable operator in the 1990s suffered a setback today (Thursday) when a German court blocked the effort of Malone's Liberty Global to merge two cable companies that it controls, Unitymedia and KabelBW. Although the merger had been approved by German anti-trust regulators, their decision had been appealed by competitors Deutsche Telekom and Netcologne, who complained that the merger would result in their controlling the markets in their areas. Although the regulator had imposed conditions on the merger, the Dusseldorf Higher Regional Court ruled that those conditions aren't fit to make up for the increase of the market-dominating position that would result from the merger. In an interview with Bloomberg News, Stuart Gordon, a media analyst at Berenberg Bank in London said, It's definitely a negative for Liberty Global and it adds uncertainty, but it's highly unlikely you'd see the entire deal being unhinged.
New York-based Human Rights Watch have accused authorities in Sochi, Russia of harassing and intimidating journalists who have written critical stories about preparations for the 2014 Winter Olympic Games in that city. During the run-up to The Games, which are scheduled to begin in February, authorities have even pursued criminal charges against one TV journalist working for the recently launched public TV station OTR, who had been investigating complaints of corruption and illegal activities by Sochi authorities in connection with the construction of Olympics venues and infrastructure. In a statement, Jane Buchanan, a Human Rights Watch director, said, One of the non-negotiable requirements of hosting the Olympics is to allow press freedom, and the authorities' attempts to silence critics are in clear violation of that principle. She noted that the Olympic Charter states that media coverage of the Olympic Games shall not be impaired in any way. The HRW report comes at a time when members of the U.S. Congress are increasingly demanding that the U.S. boycott the games because of Russia's aide to Syrian dictator Bashar al-Assad, its recently enacted laws suppressing gay rights, and its decision to grant asylum to NSA whistleblower Edward Snowden. But as Bloomberg News reported on Tuesday, such a boycott would be a massive hit to NBC, which paid $775 million for broadcast rights to the Games.
The three owners of Hulu -- 21st Century Fox, NBCUniversal, and Disney/ABC -- have rejected all bids for the video site and will instead arrange for a $750-million loan to make it more competitive with YouTube and Netflix, according to published reports. (Speaking to reporters at the Sun Valley media moguls' conference, Disney chief Robert Iger said that the owners had decided to infuse it with the kind of capital necessary to grow it significantly and aggressively.) At least two suitors, DirecTV and AT&T had reportedly bid more than $1 billion for the website, but in the end, said 21st Century's Chase Carey, the owners decided to continue to empower the Hulu team ... to continue the incredible momentum they've built over the last few years. In the wake of the decision, Bloomberg News reported that the three owners are in talks to sell a 25-percent stake in Hulu to Time Warner.
More than 20 organizations representing a wide spectrum of the news media, including the Los Angeles Times, Fox News, NPR, Forbes magazine, Britain's Guardian newspaper, and the New Yorker, have sent a letter to the U.S. military court where WikiLeaks whistleblower Pvt. Bradley Manning is being tried, requesting that stenographers be allowed to sit in on the trial and provide an accurate transcript. If [the stenographers] are denied, over 280 of our colleagues who applied for credentials will not be able to report on the trial, and the public, which is closely watching this case, will be less able to understand the process and decisions made by this court, the letter read. Calling themselves the Freedom of the Press Foundation, the news media coalition released a follow-up statement today (Tuesday) saying that the court had approved allowing a stenographer in the media room but that it has not responded to a request to allow a stenographer insider the courtroom. The group also said that it has now been joined by Bloomberg News, Newsweek, New York Magazine, and Reporters Without Borders.
With $10 billion in cash, DISH Network now has accumulated the most money among all U.S. TV and phone providers, Bloomberg News reported on Wednesday. The cash pile has touched off increasing speculation that company Chairman Charlie Ergen may use it as part of an attempt to take over T-Mobile USA or merge with satellite rivalDirecTV. Being unable to bundle a telephone service together with a TV service has always been satellite TV's great disadvantage against cable, and it appeared that a takeover of T-Mobile would be the most likely course of action for Ergen. Ergen is clearly getting ready for something, Spencer Godfrey, a Montpelier, VT-based credit analyst at KDP Investment Advisors Inc., told Bloomberg in a phone interview. Having that cash opens a lot of options.
It turns out that Charlie Rose will become arguably the busiest journalist covering the two political conventions beginning next week. Besides continuing as co-host of CBS's morning show, Rose will also be hosting his nightly program for PBS from the two conventions as well as a nightly report for Bloomberg TV. In a statement Bloomberg said that it will feature "an all-star line-up of reporters, analysts and contributors ... to closely examine the key economic issues driving the race for the White House." Besides Rose, they will include Trish Regan, lead anchor, Washington editor Al Hung, political analyst Matthew Dowd, columnist Margaret Carlson, White House reporters Hans Nichols and Jullianna Goldman, chief Washington correspondent Peter Cook, and Washington correspondent Meghan Hughes.
Continue reading: Charlie Rose Set For Triple Duty At Conventions
Supporting Oprah Winfrey's struggling OWN cable network may be well and good for now, but a senior Bloomberg analyst wants to know how long Discovery Communications, which is half-owner of the network, intends to keep on doing so. "The company needs to provide investors with a road map for this business," Paul Sweeney remarked on Wednesday after Discovery shares plunged 6.1 percent after it said that it had assumed 100 percent of the losses at OWN in the first quarter. Bloomberg had recently reported that OWN may have lost as much as $330 million since its inception. Asked Sweeney, "How long will they stomach these losses before they make a serious change in strategy?" On Tuesday, Winfrey tweeted her thanks to Discovery President/CEO David Zaslav "who keeps speaking up for me with his unwavering support." Discovery's other ventures produced higher-than-expected revenue, which rose 16 percent. Morningstar analyst Michael Corty called the results "outstanding." In an interview with Reuters, he said. "The Oprah issue -- that shouldn't be a surprise, it takes time for a network like that to grow."
Continue reading: How Long Will Discovery Continue To Back Oprah?
News Corp has admitted that a former editor who worked for its News of the World and London Sun newspapers in the U.K. ordered a reporter in 2009 to bribe a female prison guard in order to get information about a child killer. Bloomberg News reported today (Thursday) that the editor, Matt Nixson, was subsequently fired for "gross misconduct." The disclosure was made in a court filing as part of News Corp's defense against a wrongful-dismissal by Nixson. It was not clear how the payment of £750 ($1,150) was arranged, but according to the court filing, Nixson told the reporter, Matthew Acton, to arrange it "very carefully," in order to avoid scrutiny by a "forensic new accountant who doesn't brook any funny business." He also also reportedly told actor to "chuck her some more money later." The filing also includes a copy of an email that Nixson received from an unnamed News of the World employee in which he discussed hacking the voicemail of a celebrity producer. The names of the employee and the producer were redacted from the filing at the request of Scotland Yard, News Corp said.
Continue reading: News Corp Scandal Widens; Bribery Now Alleged
While NBC has struggled for years as generally the last-place network in primetime, it has remained dominant in two other time periods, the morning with the Today show, and in the early evening with NBC Nightly News with Brian Williams. Now, it's Under Siege in those periods as well. Earlier this week Nielsen Research reported that, with 14.9 million viewers between them, Nightly News led ABC World News with Diane Sawyer by only 300,000 viewers, a lead statisticians regard as insignificant. Then on Wednesday Nielsen reported that in its latest count Today averaged 5.03 million viewers, while ABC's Good Morning America averaged 4.46 million, a difference of 570,000 viewers, or 12.8 percent. Both shows, Nielsen observed, increased viewers from the same week a year ago. Today was up 6.7 percent, but GMA was up a whopping 15 percent. Analysts agreed that Meredith Vieira's decision to leave Today and the installation of Ann Curry in her place had little effect on viewership. (When Vieira replaced Katie Couric five years ago, ratings tumbled.) Harry Keeshan, chief investment officer at Omnicom, told Bloomberg News "Ann wasn't a big change in the co-anchor chair." As news anchor since 1997, he observed, "Curry was already known to the Today show viewer." And advertising consultant Shari Anne Brill noted that many viewers aren't really big fans of the morning hosts but rather by the musical acts and interview guests who appear on the shows. "It's all about the 'get,'" she said.
Continue reading: Abc Moving In On Nbc In Morning And Early Evening
British currency could drop 10% on Brexit, says AllianceBernstein’s Williams: https://t.co/PYIqIp0lGf https://t.co/Ve0wTLr49M
The IPO market is losing its shine in 2016: https://t.co/es65Fe9ct8 https://t.co/ame9ADsFIa
Facing slower growth, U.A.E. bank deals may just be starting: https://t.co/tjaIBXBKUi https://t.co/jlN5JS9GtF
A breakdown in old rules leads to a rethink on how global markets work: https://t.co/LjNK5qgtFp https://t.co/VoN9SkfuBO
RT @BloombergNEF: Watch the #NEO2016 story unfold! Check out our new dataviz: https://t.co/NQtONuhDfz https://t.co/DAGRBynyis
RT @BloombergNEF: New Energy Outlook 2016, BNEF's annual long-term power forecast to 2040, out now! #NEO2016 https://t.co/rDt3npQUxV https:…
In one of our largest projects, 757 volunteers transformed a hostel for homeless veterans: https://t.co/fGe1c6nAUl https://t.co/wINNZmA9MB
Dubai rents plunge most since 2014 as oil rout hits jobs: https://t.co/vTQVwT29sy https://t.co/ARl1z4TlGF
Rising oil prices encourage shale producers, dissuade investors: https://t.co/hbPnARdaGs https://t.co/KLVqsvSZET
Our head of Australia & New Zealand on how the buy-side can 'future-proof’: https://t.co/2ecgRDU16U @InvestorDailyAU
RT @MikeBloomberg: Cheers to @Bloomberg's John Micklethwait on CBE honor for his services to journalism and economics - from your boss, Mik…
RT @BloombergCareer: Employees join #CitiVolunteers at Citi Field to build bikes with @bikenewyork for @YMCAnyc youth! #BloombergService ht…
We’ve hit peak human and an algorithm wants your job. Now what? https://t.co/IYfBye6vbW https://t.co/YdoCCO48hJ
RT @TechAtBloomberg: Back at it again. @EmilyChangTV interviews Erlich and Richard this Sunday. cc: @SiliconHBO https://t.co/wf0ozb5Ckk
Banks gain ground in push to change derivatives capital rule: https://t.co/8dsRKkbSYo https://t.co/9E5El7Ia9v
What would Brexit really mean for firms in London’s City? https://t.co/z1wOBwp5gU https://t.co/Ky3Q1L1ptQ
Pound’s round trip shows trader fickleness as Brexit vote nears: https://t.co/NOrxdtnUv8 https://t.co/nHKIvRdUl7
Brazilian companies looking to invest say anywhere but here: https://t.co/uwVIZY7oCQ https://t.co/0eAvG6VzNQ
Saudi Arabia’s post-oil plan may include private-sector stimulus: https://t.co/c0HxLAHwlU https://t.co/IqCbrcwO0g
Rise of cloud, big data drives database industry shift: https://t.co/OsGGK2hh9p https://t.co/AXlqc8Srqx