Edition:
United States

Jessica Toonkel

Exclusive: Ousted MGM CEO explores bid for the U.S. movie studio - sources

May 21 2018

Former MGM Holdings Inc Chief Executive Officer Gary Barber, who was ousted earlier this year, is speaking to investment banks about financing an offer to acquire the privately held U.S. movie studio, five people familiar with the matter said on Monday.

Exclusive: Ousted MGM CEO explores bid for the U.S. movie studio - sources

May 21 2018

Former MGM Holdings Inc Chief Executive Officer Gary Barber, who was ousted earlier this year, is speaking to investment banks about financing an offer to acquire the privately held U.S. movie studio, five people familiar with the matter said on Monday.

CBS votes to end Redstone control but must take battle to court

May 18 2018

CBS Corp’s board on Thursday voted to end Shari Redstone’s control of the media company, but the move will not take effect unless a Delaware judge sides with CBS in its litigation to stop a potential merger with Viacom Inc . | Video

Judge halts spiraling Redstone-CBS dispute, to issue ruling Thursday

May 16 2018

A Delaware judge on Wednesday essentially called a time out in the escalating feud between the board of CBS Corp and its controlling shareholder National Amusements Inc, owned by the Redstone family, which wants to merge it with Viacom Inc .

Comcast's all-cash bid could pit Murdoch against Fox shareholders

May 15 2018

Twenty-First Century Fox Inc Executive Chairman Rupert Murdoch is used to getting his way at the company he built into a media empire. But a challenge to a $52 billion deal he put together six months ago could test his sway with shareholders. | Video

CBS sues controlling Redstone family in bid for independence

May 14 2018

CBS Corp filed a lawsuit on Monday to reduce the voting power of controlling shareholder National Amusements Inc, the movie theater company owned by Sumner and Shari Redstone, in an act of defiance aimed at thwarting the Redstones' plan to merge CBS with Viacom Inc. | Video

AT&T CEO: We made 'big mistake' hiring Cohen, chief lobbyist out

May 11 2018

AT&T Inc on Friday ousted its top lobbyist, and the No. 2 wireless carrier's chief executive said it was a "big mistake" to hire Michael Cohen, President Donald Trump's personal attorney, for advice on working with the Trump administration. | Video

Thomson Reuters expects higher 2018 costs, shares drop

May 11 2018

Thomson Reuters Corp forecast its corporate costs would more than double for the year but revenue would only increase modestly. The prediction sent shares of the news and information company down 4 percent as investors fretted about earnings growth after it completes a plan to sell a majority stake in its largest unit.

Twenty-First Century Fox revenue beats as cable sees highest earnings ever

May 09 2018

Twenty-First Century Fox Inc's , the media and entertainment company controlled by Rupert Murdoch, reported quarterly revenue that beat analysts' estimate on Wednesday, as higher fees from cable and satellite distributors drove cable business earnings to a record high.

Exclusive: NASCAR's majority owners explore sale - sources

May 07 2018

The majority owners of NASCAR, the company which operates the namesake U.S. car-racing series and other motorsport events, are exploring options that include the sale of a majority stake, people familiar with the matter said on Monday. | Video

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