U.S. Morning Call: 'Citizen Bezos' buys iconic WaPo
Monday, August 05, 2013 - 04:39
Aug 6 - Amazon.com founder Jeff Bezos will buy the Washington Post newspaper for $250 million in a surprise deal.
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Lots of earnings. And they involve some of the biggest names in the business. -- extraordinary John Malone is Liberty Media reports results. Malone had. -- Time Warner Cable or why now and has been a consolidation in the sector. 20% of Charter Communications the fourth largest operator. Also called for dish and DirecTV. Deal. No comment from did he hurt on that one. Set of issues from last quarter. It's just reported eleven million dollar net loss but -- period. -- also took 438. Dollar -- app purchases in twenty. Reports after the bell Bob -- magic kingdom has been profitable in the past eight quarters and image. Is rated as high. But it news analysis suggests it's costly deals to buy Pixar marvel. -- May not worth the billions it cost and disappoint investors in long term. -- looking good -- shares are up nearly 30% this year. -- big newspaper newspaper influences nation's leaders. -- It came at a time Jeff is -- one of the richest man ever buying one of the most important papers ever for 215. Million dollars. -- very generous offer by some estimates. So his foray into publishing world born of idealistic social service -- ruthless pursuit of power. Well maybe some middle as is has put his money to work in politics before. But has also sacrificed profits for the benefit of the Amazon customers and has long term vision. He joins a small but growing group of individuals who are starting are buying media properties. Red Sox owner John Henry paid your seventy million for the Boston Globe. A paper the New York Times acquired for one point one billion in 1993. Warren Buffett has acquired a series of newspapers including Omaha world herald from his hometown. They co-founder Chris Hughes bought the new republic. And don't forget the Brothers who are trying to get into the game reportedly eyeing the LA times. The New York Times is the last big family own newspaper -- what will missiles -- be hearing from Bill Gates. Shares of the Washington Post are sinking in the premarket the newspaper's publisher Katharine Weymouth said quote. It sure of the -- is the mission. Given the pressures to cut costs and make profits may be a publicly traded company is not the best place for the post. Now for stocks to watch and his first one down we'd been watching for a while SEC filing -- Carl Icahn block -- million more shares of Dell last week. Making -- the second largest shareholder after Michael Dell with an eight point 9% stake. Whether or not I kind gains control of the company his recent buying spree makes him richer as long as the stock keeps edging up on the merger battle. Well it's George Clooney one of download zero after Sony shareholders rejected a proposal from -- to partially spin off -- entertainment business. The activist investor -- -- 7% of Sony and has been pushing for this plant for three months now. You would deadline Hollywood on Friday Clooney said -- is it quote hedge guy who describes himself as an activist. But who knows nothing about our business. And now for a stock and then making it Neiman Marcus sources tell Reuters the retailer has hired a group of banks for a possible IPO. It's also hired credit squeeze to look at a possible sale. PE firms TPG and Warburg took meaning private 2005. For five point one billion dollars. A quick look at markets this morning S&P Dow and NASDAQ futures went into a mixed open. The three indexes slipped from record highs on Monday after seeing New Year's lowest -- Actually Tuesday morning call remembered follow us on Twitter at latest insider and hit -- -- slash fifty. -- -- -- -- --
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