The U.S. telephone network the Bell System built and ran for almost a century is dying, replaced by technology that propels Internet messages. Rules underpinning that old order should expire with it, AT&T Inc. says.
Tina Brown is stepping down as editor-in-chief of IAC/InterActiveCorp’s Daily Beast to start a new venture, capping a tumultuous tenure that included the acquisition -- and sale -- of Newsweek magazine.
Tribune Co., publisher of the Los Angeles Times, Chicago Tribune and Baltimore Sun, plans to spin off its newspapers into a separate business, letting the company focus on its more lucrative local television stations.
At least seven bidders are said to be interested in acquiring Hulu LLC, and their divergent motivations in pursuing the deal could end up radically altering the strategy of the online-television service.
Without lifting a finger, Hillary Clinton already has the backing of an experienced fundraising team, veteran voter-turnout specialists from a winning 2012 presidential campaign and donations of more than $1 million.
IAC/InterActiveCorp Chairman Barry Diller is considering selling the Daily Beast following the departure of Tina Brown, who helped start the news website in 2008, a person with knowledge of the matter said.
Tribune Co.’s plan to spin off its newspapers from the company’s TV business follows similar moves by News Corp. and Time Warner Inc. and heralds the end of an era when news broadcasting and publishing went hand in hand.
China will ban the use of military number plates on luxury cars, including Porsche and Bentley, in a crackdown on abuse of vehicle management within the armed forces amid President Xi Jinping’s campaign against corruption.