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David Bank News

  • CBS Outdoor Seeks to Acquire Smaller Rivals After IPO

    CBS Outdoor Americas Inc. will seek to buy smaller U.S. billboard companies following its $560 million initial public offering, ramping up competition with Lamar Advertising Co. and Clear Channel Outdoor Holdings Inc.

  • Olympics Won’t Rally Ad Stocks, GDP Bump Needed: EcoPulse

    Global growth will need to accelerate faster than projected for Interpublic Group of Companies Inc. and Omnicom Group Inc. to outpace the market for a second consecutive year, even though advertising revenue will get a boost from this year’s Olympic Games and World Cup.

  • Disney and Fox Near Showdown With Aereo at Top Court

    Major broadcasters are heading for a showdown in their bid to block a Barry Diller-backed company from upending the industry’s economics by offering subscribers live television over the Internet.

  • Netflix Talks for Time Warner Cable Carriage Said to Slow

    Netflix Inc.’s effort to secure a place for its video-subscription service on Time Warner Cable Inc. set-top boxes is on hold now that the cable operator is being sold, people with knowledge of the matter said.

  • Time Warner Rises After TV-Programming Fees Help Fuel Profit

    Time Warner Inc., owner of the HBO cable network and the Warner Bros. film studio, rose the most in three months after affiliate fees from cable-TV providers boosted profit and the company announced a new share buyback program.

  • Pepsi-Versus-Coke Ad War Has Publicis-Omnicom Win Either Way

    Publicis Groupe SA’s merger with Omnicom Group Inc. won’t just create the world’s largest advertising company: it will mean longtime rivals such as Coca- Cola Co. and PepsiCo Inc. are sharing the same firm.

  • Sirius XM’s Karmazin Exits as Malone’s Liberty Takes Over

    Sirius XM Radio Inc. Chief Executive Officer Mel Karmazin said he will leave on Feb. 1 after clashing with John Malone, the billionaire who plans to take control of the satellite-radio operator.

  • Sirius XM’s Karmazin Exits as Malone’s Liberty Takes Over

    Sirius XM Radio Inc. Chief Executive Officer Mel Karmazin said he will leave on Feb. 1 after clashing with John Malone, the billionaire who plans to take control of the satellite-radio operator.

  • Apple Said to Prepare 99-Cent TV Shows to Fend Off Netflix, Hulu

    Apple Inc. , seeking to fend off rivals such as Netflix Inc. and Hulu LLC, is in advanced talks with News Corp. to let iTunes users rent TV shows for 99 cents, said three people familiar with the plan.

  • Murdoch Son Also Rises as Shareholders Study CEO Succession

    News Corp. Chairman and Chief Executive Officer Rupert Murdoch was stepping onto an elevator at the Allen & Co. media gathering in Sun Valley, Idaho, last year, when he was asked about a $1.1 million settlement his company had just paid. The money went to resolve a claim that reporters at a News Corp. newspaper in London had illegally listened to the voicemail messages of a British sports official.

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