The Economics of Content
Because even we take vacations too? Due to the July 4th weekend, we'll be taking a short break starting today, July 2, until Sunday evening, July 6. We will still, however, update the site for breaking news and will resume the regular newsletter on Monday morning, July 7.
Read July 4th Holiday: Updating Site For Breaking News; Newsletter Resumes Monday (Links)
WSJ says Yahoo in the form of Bostock and indie board member Ron Burkle offered a sale for $33-34 per share in mid-May, weeks after this was all supposed to be over, but Microsoft said no.
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Read Microsoft-Yahoo: No Real End In Sight?To The Scheming, That Is; Latest Has MSFT Seeking Help (Links)
Informa, the UK-based B2B giant which recently broke merger talked with United Business Media ( LSE: UBM ), has confirmed that it received a tentative big approach from a private equity consortium which would value the business at about $6.8 billion, including debt.
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Read Informa Confirms Tentative Bid From 3 PE Players; Values Company At $6.8 Billion (Links)
In this year of non-deals and terminated deals, this is not a surprise, considering how foolish the bid was in the first place: Blockbuster ( NYSE: BBI ) has abandoned its offer to buy Circuit City Stores, after weeks of investor speculation on the deal's progress.
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Read Blockbuster Abandons Its Circuit City Quest (Links)
The company now has about 200 employees. We have also been hearing some rumblings of the company looking for strategic options...among some of the options we have heard being discussed is outsourcing some or all of the online ad sales to a network like Glam Media or others.
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Read Revolution Health's Lack of Health: Moving Away From B2B Focus; Consumer Only; Strategic Options? (Links)
As anticipated, AT&T ( NYSE: T ) will not renew its resale agreement with DISH at the end of the year, according to a regulatory filing made by the satellite operator this evening. In a terse statement, it says that the agreement, originally established in 2003, will end Dec. 31, 2008.
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Read DISH And AT&T Done; Agreement Terminates At End Of The Year (Links)
News Corp is no longer trying to sell Ottaway Newspapers... Dow Jones Considering Sale of Regional Ottaway Papers Earnings: News Corp.: First Profitable Year For FIM: $550 Million In Revenue, $10 Million Profit NWS-DJ: React, React Everywhere: Online Journal's Future; Multiples Don't Matter
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Read Ottaway Papers Say News Corp Has Taken Chain Off The Market (Links)
Chinese online games publisher Giant Interactive ( NYSE: GA ) is acquiring about 25 percent stake in Five One Network Development ( 51.com ), a Chinese online social networking service provider, for approximately $51 million.
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Read Giant Interactive Invests $51 Million in Chinese Social Networking Site 51.com (Links)
As was first tipped last week, Microsoft ( NSDQ: MSFT ) has confirmed the acquisition of semantic search engine Powerset. Terms of the deal were not disclosed, but initial reports pegged the transaction at somewhere above $100 million.
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Read Microsoft Confirms Powerset Acquisition (Links)
The changes were made a month ago, but not announced to avoid confusion as parent LIberty Media splits into two tracking stocks: Starz Media is part of the Liberty Capital tracking stock, while Starz Entertainment remains under Liberty Entertainment.
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Read Starz Reorgs Management; Digital Consolidated Under Bill Myers (Links)
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