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08.07.26 - 22:42
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Media M&A in Focus at Sun Valley (Bloomberg)
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Bloomberg's Michelle Davis joins Dani Burger on "Bloomberg Deals" to discuss what's top of mind in media M&A as moguls gather in Sun Valley for Allen & Co.'s annual conference.
(Source: Bloomberg)...
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08.07.26 - 20:42
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Media and AI Back in the Sun Valley Spotlight (Bloomberg)
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AI is top of mind at Sun Valley for the Allen & Co annual gathering of media, technology and finance moguls - with tech leaders including Tim Cook, Alex Karp, Jeff Bezos, and Bill Gates in attendance. Bloomberg's Michelle Davis joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)...
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08.07.26 - 09:36
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Virgin Media fined £28m for preventing customers from cancelling contracts (The Guardian)
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Ofcom levies largest-ever consumer protection fine after finding firm deliberately mishandled millions of phone callsVirgin Media has been fined £28m by the UK telecoms watchdog for repeatedly preventing customers from cancelling their contracts over a near-three-year period.Ofcom discovered that Virgin Media “likely mishandled” millions of phone calls between the start of 2022 and autumn 2024, with deliberate call-dropping tactics, unnecessary call transfers and putting customers on hold for “no reason”. Continue reading......
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08.07.26 - 08:06
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Prince Harry gets burned in his mission to ′slay dragons′ of British media (The Guardian)
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Harry claimed victory in two earlier legal actions but he and his co-claimants lost their lawsuit against ANL on TuesdayPrince Harry and others could face £50m legal bill after losing phone-hacking lawsuitThe Duke of Sussex has variously described his long-running legal battles with certain sections of the British media as a “mission” and a “life's work”.“I've been told that slaying dragons will get you burned,” was his defiant response when he claimed victory against Mirror Group Newspapers in December 2023 over historic allegations of unlawful information gathering, adding it was a “worthwhile price to pay”. Continue reading......
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07.07.26 - 19:06
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Italian village to impose fines of up to €200 on tourists with bare chests or in swimwear (The Guardian)
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Varenna's authorities say wandering around the village shirtless or in swimwear is now bannedA fishing village by Lake Como has imposed fines of up to €200 (£171) for those who wander around with bare chests or in swimwear, in the latest attempt by an Italian holiday destination to crack down on uncouth tourists.Varenna has been feeling the strain from an increasing number of visitors and so authorities were moved to introduce a raft of new rules aimed at preserving the village's appearance and guaranteeing a smidgen of peace and quiet for its year-round population of roughly 650. Continue reading......
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07.07.26 - 18:24
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Behind Xbox′s Big Layoffs, a Streaming Strategy That Failed (Bloomberg)
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Microsoft Corp.'s Xbox spent nearly $80 billion in the last decade on deals that would give it popular video game titles like Call of Duty and Skyrim, betting that gamers would flock to its Netflix-like subscription service offering hundreds of options for endless play....
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07.07.26 - 15:36
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Prince Harry loses lawsuit against Mail publisher over phone-hacking claims (The Guardian)
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Duke of Sussex and other prominent figures sued Associated Newspapers alleging it sourced stories using unlawful methods• Prince Harry court case - latest updatesThe Duke of Sussex and six other prominent figures have lost their case against the publisher of the Daily Mail over claims it sourced stories using an array of unlawful methods over two decades.In a ruling that is likely to signal an end to new litigation relating to the phone-hacking scandal, the high court dismissed all the claims, stating the claimants had not proved information had been obtained unlawfully. Continue reading......
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