Exclusive: Guggenheim advises on Hulu sale, may also bid - sources
LOS ANGELES - Hulu has hired Guggenheim Partners to advise on a sale of the company, even as the financial services firm is considering making its own bid for the video streaming service, three sources with knowledge of the matter told Reuters.
Found 1 month ago on channel Reuters
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Ad-supported video streaming services like Popcornflix, Crackle and Snagfilms are eking out a niche market against the likes of Netflix, Hulu and Amazon.
Murdoch’s News Corp. Threatens to Pull Fox Off the Air in Aereo Dispute
News Corp.’s flagship Fox network might cease broadcasting over the U.S. public airwaves if the company’s dispute with upstart challenger Aereo isn’t resolved, a senior company official warned Monday. News Corp. COO Chase Carey said Fox — home of “The Simpsons,” “Glee” and “American Idol” — might simply move to pay-for-TV cable as a result of its legal dispute with Aereo, a New York-based startup backed by billionaire media mogul Barry Diller. Diller knows what it’s like to challenge entrenched media behemoths. He helped launch the Fox broadcasting network nearly three decades ago. At the time, it sounded crazy: who would want to challenge the three dominant U.S. broadcast networks? Since then, Fox has achieved what was then unthinkable, by regularly beating out NBC, ABC, and CBS in the ratinga. Fast forward a couple of decades and Diller is once again the disruptor, only this time he’s doing it against the company — and the industry — that made him ...
Financial Independence? Today’s Young People Don’t Expect It Anytime Soon
In a mere two years, the proportion of teenagers who expect to be financially dependent on their parents until their mid-20s has doubled. That gives us all another reason to feel sympathy for parents who have teenagers right now. A new survey conducted by Junior Achievement, a group that teaches kids about money and jobs, found that 25% of teens think they won’t be able to support themselves until their mid-20s. Two years ago, just 12% of teens surveyed said that they’d have to reach the 25-to 27-year-old age bracket before being able to pay all of their own bills. Correspondingly, the proportion of teens who expect to achieve financial independence by the ages of 18 to 24 has plummeted, from 75% in 2011 to 59% today. Are these kids just unmotivated? Maybe some of them are, but many more are facing escalating college costs and poor job prospects. An alarming number have a poor understanding of budgeting and basic finance as well. Plus, the old stigmas attached to relying on one’s ...
Personal Finance Daily: Facebook joins the dating game
Facebook’s new “graph search” feature may have great potential as an online matchmaker, but more services could lead to more fees, Quentin Fottrell writes. Also in today’s Personal Finance Daily, Robert Powell uncovers how 401(k) plan administrators are chasing hot funds and Soo Chuen Tan offers five ways investors can channel Warren Buffett.