- Nexstar to Acquire Tribune Media for $4.1 Billion
Nexstar Media Group agreed to acquire Tribune Media Co. for $4.1 billion in a deal set to create the largest operator of local television stations in the U.S. Based in Irving, Texas, currently operates more than 100 TV stations in 58 markets, covering about 18 percent of U.S. TV households.
- Microsoft wins $480M military contract to outfit soldiers with HoloLens AR tech
Microsoft is readying its HoloLens augmented reality tech for combat. The company just won a $480 million military contract with the U.S. government to bring AR headset tech into the weapons repertoire of American soldiers.
- WPP Will Merge J. Walter Thompson With Wunderman to Form Wunderman Thompson
WPP leadership has decided to merge J. Walter Thompson, the world’s oldest ad agency, with digital network Wunderman; the resulting organization will be known as Wunderman Thompson and be headquartered in JWT’s offices on Manhattan’s Lexington Avenue.
- Disney And WarnerMedia Will Emerge As Winners In Streaming Space, Media Analyst Says
Veteran media and tech executive Michael J. Wolf predicts that established media brands — including The Walt Disney Co. and WarnerMedia - will be among the handful of winners in the emerging direct-to-consumer world.
- New York Media is Part of a Growing List of Media Companies that License their Software. Its Newest licensees are Golf.com and Entercom’s Radio.com
Why New York Magazine is selling its own technology to other media companies. In an increasingly competitive industry–where revenue streams rise and fall like unpredictable monarchies–organizations have sought new ways to rely less on content churn and advertising.
- Quartz, the Digital Publisher acquired by Uzabase in July, has Relaunched NewsPicks as a Standalone App
Quartz's new app is banking on big names like Richard Branson to help create a 'constructive and civil' alternative to Facebook and Twitter