Disney has formally submitted a $71.3 billion bid for 21st Century Fox assets -- a cash-and-stock offer valued at $85.1 billion, including debt. The move comes as Fox's board is to meet today to discuss Comcast's $65 billion bid for the entertainment assets.
British authorities took a major step toward allowing 21st Century Fox to purchase UK pay-TV provider Sky after Rupert Murdoch's company agreed to sell the Sky News unit to Disney, which has bid on Fox's entertainment assets. Culture Secretary Matt Hancock informally said that the Sky News sale will meet the government's precondition for Fox's acquisition.
Charter's Spectrum Enterprises unit has announced new offerings for hospitals, universities and hotels. The product lineup includes Fiber Connect Plus TV, which provides HDTV without a converter or headend equipment; Set-Back Box TV, which delivers TV through "set-back" boxes behind TVs; and SpectrumU TV, which provides live and on-demand programming to colleges.
The Oprah Winfrey Network, OWN, struggled to bring in viewers during its earliest years, but the network has since figured out its formula for success. Part of its strategy includes adding new creators to its roster -- including Brock Akil and Will Packer -- to help it usher in a new era and home in on black audiences.
CBS News for the second consecutive year was selected as the winner of the RTDNA's Edward R. Murrow Award for Overall Excellence. Other winners include Hubbard News' WTOP for Overall Excellence in large market radio and New Hampshire Public Radio's small market win.
With its bankruptcy proceedings behind it, Cumulus can now push forward with its operational and growth strategies, says Senior Vice President Collin Jones. "Our goal now is the same as before ... create the best brands and content we can. Provide our listeners with the best experience as possible and grow ratings. Provide solutions for advertisers that generate substantial ROI," he says.
PBS is working with stations to create an over-the-top skinny bundle featuring local and national content. The service, which would be a first for the organization, could launch within the next six months.
Extreme political views expressed by TV's Roseanne Barr, Laura Ingraham and Samantha Bee have created challenges for advertisers, who often must work quickly to pull their ads from shows to avoid facing a social media backlash. Though networks have some flexibility in mitigating the loss of ad dollars, challenges remain as they work to overcome changing viewership habits and competition from streaming services.
Pro-Trump media allies are facing challenges in formulating a defense for President Donald Trump's immigration policy in the wake of criticism from both political parties. Meanwhile, TV anchors are struggling to remain impartial when reporting on Trump's "zero tolerance" plan, while some Fox show creators and stars are voicing their frustrations about working for Fox due to the reporting of its Fox News division.
Disney has formally submitted a $71.3 billion bid in half cash and half stock for 21st Century Fox assets, an offer that Fox termed "superior" to Comcast's $65 billion submission. Fox said the $38-a-share bid also afforded greater flexibility and other benefits, although Comcast can return with a new tender.
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