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Murdoch’s succession: who wins from move to reunite Fox and News Corp?

The Guardian M&A

But talk of famous front pages and scoops among guests at Monday’s night event, which included News Corp boss Robert Thomson and News UK chief Rebekah Brooks, was overshadowed by the news that broke three days earlier: the mogul’s plan to reunify his media empire. Continue reading.

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More Local News On The Way - Nexstar Media Buys KUSI-TV, Expanding Footprint In San Diego

Benzinga

Nexstar Media Group Inc (NASDAQ: NXST ) disclosed the buyout of KUSI-TV from McKinnon Broadcasting Company and Channel 51 of San Diego for $35 million (plus a customary working capital adjustment). The acquisition will boost NXST's local television broadcasting, news, and digital media platforms.

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Paramount Global Settles CBS – Viacom Merger Lawsuit for $122.5 Million

Harvard Corporate Governance

. – the multibillion-dollar entertainment empire that owns well-known television brands such as Paramount, CBS, MTV, Nickelodeon, and Showtime– which was later renamed Paramount Global. Redstone purportedly embarked on a three-year campaign to prove him wrong and become a “media magnate,” culminating in the 2019 transaction.

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Catching Up With Delaware's Chancery Court

Law 360 M&A

A cryptocurrency company sues over social media slurs, a celebrity rapper feuds with a distiller over cognac, and a "no glasses" 3D television company gets a new temporary boss. Where else could all this happen but in Delaware's Court of Chancery?

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Nexstar Nears Deal To Snap Majority Control In CW Network: WSJ

Benzinga

Nexstar Media Group, Inc (NASDAQ: NXST ) is on the verge of acquiring majority control of the CW Network from Warner Bros. The leading owner of local television stations would acquire 75% of the CW, a broadcast network aimed primarily at teens and young adults, with Paramount and Warner Bros.

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Nexstar Earnings Top Expectations On Heels Of $35M Acquisition, Raises Dividend By 50%

Benzinga

Nexstar Media Group, Inc (NASDAQ: NXST ) reported a Q1 2023 net revenue growth of 3.9% Revenues from Television Advertising declined 6% Y/Y to $425 million, comprising Core Advertising revenue that fell 2.6% billion, beating the consensus of $1.24 Y/Y to $417 million and a 66.7%

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op-ed; disagreement with ISS concerning activist investor Nelson Peltz

Harvard Corporate Governance

Fred Allen once described the media business with the quip, “imitation is the sincerest form of….television”. television”. A Flesh-and-Blood Perspective on Hedge Fund Activism and Our Strange Corporate Governance System (discussed on the Forum here ) by Leo E. Strine, Jr.

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