Tech Investor Jackson to Drop Activism With New Fund

Eric Jackson, an outspoken investor whose barbs have targeted Apple Inc., Yahoo! Inc. and Viacom Inc., plans to turn his back on activism to start a new hedge fund. Jackson left as managing director at SpringOwl Asset Management LLC in December and plans to launch the as yet unnamed new fund in the middle of this year, he said.

Scripps shares results of its participation in FCC broadcast spectrum auction

This week, the FCC lifted a quiet period it had imposed on station groups regarding the auction, allowing broadcasters to publicly share their auction results. “We pursued several channel-share arrangements with ourselves and other broadcast partners that would have allowed us to continue to operate our stations and serve our local communities while supporting the government in its attempt to recapture some broadcaster spectrum,” said , senior vice president, broadcast, for Scripps.

General Electric: Cramer’s Top Takeaways

Jeff Immelt tells Jim Cramer GE is everything Trump’s looking for: an American company that exports goods around the globe. In his second “Executive Decision” segment, Cramer sat down with Jeff Immelt, chairman and CEO of General Electric , which delivered in-line earnings and weak revenues when it reported on Jan 20. Shares of GE are down 6.7% for the year.

Take-Two Interactive: Cramer’s Top Takeaways

In his first “Executive Decision” segment, Cramer again sat down with Strauss Zelnick, chairman and CEO of game maker Take-Two Interactive , the stock of which has risen 216% since Zelnick’s first appearance on the show. Zelnick said that “Grand Theft Auto” continues to be a powerhouse property for Take-Two, and the game’s latest installment, GTA 5, has sold over 75 million units so far.

New York Times Offers Free Spotify Service to Boost Subscribers

New York Times Co., looking for ways to persuade readers to pay for news, is working with Spotify Ltd. to give new digital subscribers to the newspaper free access to the world’s largest music-streaming service. Readers who buy one-year online subscriptions to the Times will also get unlimited access to Spotify’s premium service, which costs $120 annually, the companies said Wednesday.

FCC Stops 9 Companies From Providing Poor Federally Subsidized Internet

United Press International is reporting that the Federal Communications Commission on Friday removed nine recently added companies from a federally subsidized program dubbed Lifeline, which was established to provide Internet service to the poor. In doing so, FCC Chairman Ajit Pai reversed a decision by Tom Wheeler, his Democratic predecessor who resigned after Donald Trump was elected president.

Coty Says It Will Add First Woman Board Member by July

Fragrance and cosmetics company Coty will soon be adding a woman to its board of directors, reducing the number of S&P 500 companies without women in the boardroom to four. Fragrance and cosmetics company Coty said it will add a woman to its board of directors by July, reducing the number of S&P 500 companies without women in the boardroom to four.

‘Split’ Tops Domestic Weekend Box Office for Third Time

Split took first place for the third straight weekend, grossing $14.6 million, slightly above analysts’ estimates . New release Rings from Viacom’s Paramount Pictures unit came in second place with $13 million, while carryover title A Dog’s Purpose from Universal finished third with revenue of $10.8 million, according to comScore data.

Super Bowl to Dwarf New Releases at Weekend Box Office

Theater traffic typically plunges on Super Bowl weekend and revenue from the top 10 films could total an “unexciting” $78 million this weekend, according to analysts at MKM Partners. Thriller Split from Comcast’s Universal Pictures unit should take first place at the domestic box office for the third straight weekend with revenue of $14 million, per the firm’s estimates.

Vanity Fair, New Yorker Bail on White House Correspondents’ Dinner Events

Less than a month after the president met with Conde Nast top editors at their Manhattan headquarters, two of the magazine company’s flagship titles – The New Yorker and Vanity Fair – are dropping White House Correspondents’ Dinner-themed events. The New Yorker canceled plans to host an event at the W Hotel, located a block from the White House, as it has in previous years, a magazine spokesperson confirmed.

FCC dialing up changes too late for CBS, Entercom deal

Sweeping changes are likely to come to the FCC under new leadership and President Trump in office, but will most likely not have any impact on the merger between Entercom and CBS Radio. “You can’t just suddenly change the rules, you have to go through a whole notice and comment procedure, then rule-making.

Discovery, Sky Renew Carriage Agreement

Affected by a U.S.-style showdown that culminated in a last-minute deal were a dozen networks, including Discovery Channel, TLC, Eurosport, ID and Animal Planet, in the U.K. and four in Germany. Discovery Communications and pay TV giant Sky on Tuesday evening reached a new carriage agreement after a U.S.-style carriage dispute, rarely seen in Europe, that had threatened to see Discovery take its channels off the Sky platform in Britain and Germany.

Wal-Mart Takes Latest Shot at Amazon

Wal-Mart Stores will offer U.S. shoppers free two-day shipping on a minimum order of $35 starting Tuesday, its latest attempt to compete with rival Amazon.com popular Prime shipping program. Free shipping will replace ‘Shipping Pass’, Wal-Mart’s existing two-day shipping program that charges shoppers an annual membership fee of $49.

Slossberg wants FCC to end WFSB’s tiff with Optimum

State Sen. Senator Gayle Slossberg on Thursday fired off a letter to the Federal Communications Commission asking the agency to help end a contract dispute that has left Cablevision viewers without WFSB, the CBS affiliate in Connecticut, traditionally known as Channel 3. This blackout has left much of southern Fairfield County and parts of New Haven and Litchfield counties without access to WFSB, the only CBS-TV affiliate in Connecticut. Cablevision has been without WFSB since Jan. 13. “My constituents are outraged that they have missed the recent Patriots games, and they have every right to be,” Slossberg said, adding that the FCC “has failed to intervene,” even though it could help get the two sides together.

Speculation Builds on a Verizon-Charter Tie-up, No Offer Made

U.S. cable company Charter Communication Inc shares rose as much as 10 percent on Thursday after the Wall Street Journal reported a preliminary approach by Verizon Communications Inc about a tie-up, but Reuters sources said no proposal was made. Speculation over a combination of the two companies has been building steadily since last month, when Verizon Chief Executive Officer Lowell McAdam told Wall Street analysts that such a deal would make “industrial sense.”

Bristol-Myers Squibb Falls as It Cuts 2017 Outlook

Bristol-Myers Squibb on Thursday cut its guidance for 2017, saying it now expects adjusted earnings of $2.70 to $2.90 a share for the year, down from its previous guidance of $2.85 to $3.05. In the fourth quarter, the drugmaker posted earnings of $894 million, or 53 cents a share, compared with a loss of $197 million, or a loss of 12 cents, a year earlier.

Democratic senators want AT&T to detail Time Warner deal benefits

WASHINGTON: Thirteen Democratic senators on Wednesday asked AT T Inc to explain how its planned US$85.4 billion takeover of Time Warner Inc is in the public interest, as the company hopes to avoid a review of the deal by the primary U.S. telecommunications agency.Earlier this month, AT T said in a securities filing it expected to bypass the U.S. Federal Communications Commission in its acquisition of the owner of HBO, CNN, Turner Broadcasting and Warner Brothers and only face U.S. Justice Department review.AT T does not plan to acquire a Time Warner TV station in Atlanta that has an FCC license, which would automatically trigger a review.Democratic senators Al Franken, Elizabeth Warren, Bernie Sanders, Ed Markey and nine others urged AT T and Time Warner in a letter to submit a public interest statement to them by Feb. 17 that would required as part of an FCC review “detailing how you … (more)

RT Channel’s Unique Carriage Deals Make It Difficult to Drop in U.S.

Russian President Vladimir Putin and Editor-in-chief of RT, the 24-hour English-language TV news channel, Margarita Simonyan, attend an exhibition marking RT’s 10th anniversary in Moscow in December 2015. The Kremlin-financed RT television channel, thrust into the spotlight by a recent U.S. intelligence report , has over the years secured carriage on U.S. cable and satellite services in a way that largely protects it from being dropped.

The 11 Biggest Video Games of 2017

This year will also play host to a packed lineup of triple-A software releases that will be competing for consumers’ attention and dollars. Click through the following presentation for a look at the 11 biggest video games set to hit retail in 2017.

Residents rip plan for towering apartment complex in Granada Hills

LA Councilman Mitchell Englander speaks with protesters outside his Chatsworth office before meeting with Neighborhood Council representatives and a developer that is planning a mixed-use project that includes 440 apartments in Granada Hills on Friday, Jan. 13, 2017. The project will replace a shopping center at the corner of San Fernando Mission Boulevard and Woodley Avenue in Granada Hills.

Residents rip plan for towering apartment complex in Granada Hills

LA Councilman Mitchell Englander speaks with protesters outside his Chatsworth office before meeting with Neighborhood Council representatives and a developer that is planning a mixed-use project that includes 440 apartments in Granada Hills on Friday, Jan. 13, 2017. The project will replace a shopping center at the corner of San Fernando Mission Boulevard and Woodley Avenue in Granada Hills.

Iconic Publisher Time Poised to Begin Talks With Potential Buyers

The company’s board will open talks with potential acquirers, setting the stage for a likely sale of the publisher of Fortune, People and Sports Illustrated. After months of speculation, Time ‘s board is planning to hold talks that could lead to a sale of the media company, publisher of such popular titles as Fortune , People and Sports Illustrated , a source close to the matter said.

Trump meets with AT&T execs about Time Warner merger

Donald Trump Trump vs. the Democrats: Is this the end of the 100-year war over the Estate Tax? French far-right leader Le Pen spotted at Trump Tower Pompeo would ‘absolutely not’ obey torture order from Trump MORE on Thursday morning met with AT&T CEO Randall Stephenson as the company pushes for support for its planned merger with Time Warner. Stephenson and Robert Quinn, AT&T’s senior vice president for legislative affairs, arrived at Trump Tower shortly after 9 a.m., according to pool reports.

Press release distribution, EDGAR filing, XBRL, regulatory filings

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John Malone on Netflix’s Reed Hastings: “He Really Broke the Mold With His Success”

The media mogul told Lionsgate’s Investor Day that traditional media distributors were “asleep at the switch” as Netflix built scale to go direct to consumer. Billionaire media baron John Malone, fresh from helping engineer the Lionsgate-Starz merger to compete on the content side against Netflix, on Tuesday praised the video streaming giant’s CEO, Reed Hastings.