Cablevision Expected to Announce $650 Million Deal for Newsday
                   
redorbit.com     12-May-2008            

NEW YORK _ Cablevision Systems Corp. is expected to announce Monday morning an agreement to acquire Newsday from Tribune Co. in a $650-million deal that would create a regional news and advertising giant with a powerful grip on Long Island. ... Charles Dolan,... [read full story]                    


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Indiana Jones comes to rescue of Cineworld

guardian.co.uk     34 mins ago          

A shortage of blockbuster films caused admissions to drop 5% in the first half of the year, cinema chain Cineworld said yesterday. But the group still reported a 1% rise in box-office receipts thanks to an increase in the...                    

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Media: Bertelsmann to bid for Reed business titles

guardian.co.uk     35 mins ago          

Bertelsmann emerged yesterday as a bidder for Reed Elsevier's business-to-business division. Bertelsmann's publishing subsidiary Gruner + Jahr said it was involved in the bidding for the Reed Business Information unit, which is...                    

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Russia investors flee after conflict

telegraph.co.uk     24 mins ago          

By Edmund Conway Investors have pulled funds out of Russia at the fastest rate since the country's 1998 debt crisis, in the wake of the conflict with Georgia, official figures have shown. Official figures from the Central Bank...                    

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Recession fear for half the globe, says Goldman Sachs

telegraph.co.uk     24 mins ago   2 related          

By Chris Irvine Half the world economy, including the UK, is in recession or on the brink, according to research from Goldman Sachs. The investment bank has warned that the world's major economies, including the US, Japan, the...                    

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