The following is a comment from Maria A. Pallante, President and CEO, Association of American Publishers:
“We are extremely pleased that the district court has approved the proposed consent judgment. As we have stated before, it is an appropriately serious bookend to a decisive finding that so called “controlled digital lending” is nothing more than copyright infringement.”
see more at: https://publishers.org/wp-content/uploads/2023/08/Hachette-v.-IA-Consent-Judgement-and-Permanent-Injunction-Subject-to-Reservation-of-Right-to-Appeal.pdf
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Thomas Rabe, Chief Executive Officer of RTL Group, says: “RTL Group once again demonstrated resilience in 2024. Despite challenging market conditions in the second half of the year, our results were in line with the guidance we provided at the beginning of 2024. More importantly, we reached turning points in our streaming services and content production business. As a result, we expect to significantly increase our operating profits in the coming years. Our streaming services continued to grow dynamically and significantly reduced their start-up losses in 2024. We are firmly on track to reach profitability by 2026. We have continued to strengthen our global content business, Fremantle. Thanks to a significant reduction of overheads and the contribution from Asacha Media Group – acquired in 2024 – Fremantle reached a record result and significantly improved its Adjusted EBITA margin. We plan to increase Fremantle’s margin to 9 per cent by 2026. Our strong results and cash flows enable us to pay an attractive dividend of €2.50 per share to our shareholders.” In 2024, RTL Deutschland’s combined audience share in the main commercial target group of viewers aged 14 to 59 decreased to 26.3 per cent (2023: 27.4 per cent). However, RTL Deutschland extended the lead over its main commercial competitor ProSiebenSat1 to 6.3 percentage points – the biggest lead in over 10 years (2023: lead of 5.8 percentage points). The flagship channel RTL was the only major commercial channel in Germany to gain audience share, with 9.6 per cent in the target group of viewers aged 14 to 59 (2023: 9.4 per cent).
The New York Times Company announced that it has entered into an agreement to acquire The Athletic, the global digital subscription-based sports media business that provides national and local coverage of more than 200 clubs and teams in the U.S. and around the world, for an all cash purchase price of $550 million, subject to customary closing adjustments. The transaction is expected to close in the first quarter of 2022. Meredith Kopit Levien, president and chief executive officer of The New York Times Company, said, “Acquiring The Athletic puts us in a position to be a global leader in sports journalism and offer English speakers around the world another reason to turn to the Times Company to meet their daily news and life needs. The Times already provides distinctive sports coverage for a general interest audience as part of our core report. As a stand-alone product, The Athletic will enable us to offer much more — extensive coverage for fans who seek a deep connection to and understanding of their favorite teams, leagues and players. With one of the largest dedicated teams of reporters covering sports globally and a commitment to everyday reporting, The Athletic is a great complement to The Times.”
Hearst announced it has agreed to acquire an 80% stake in leading connected vehicle solution provider Noregon Systems, Inc. The announcement was made jointly by Hearst President and Chief Executive Officer Steven R. Swartz and Noregon Systems founder and Chief Executive Officer Bill Hathaway. Hathaway will retain a 20% ownership stake in Noregon and continue to serve as its CEO. Terms were not disclosed and the transaction, subject to regulatory approval, is expected to close by end of Q4. “Bill Hathaway and his colleagues have built a great company that plays a vital and growing role in keeping the trucks on the road that power our economy,” said Swartz. “We look forward to partnering with Bill and his team and to welcoming them all to Hearst.” Noregon was founded by Hathaway in 1993 as a custom development solutions provider for leading OE manufacturers in the trucking industry. In 2007, the company launched its flagship commercial product, JPRO — an all-makes commercial vehicle diagnostic application. Since then, the company has continued to innovate beyond JPRO, offering a variety of connected vehicle products and services to the medium and heavy-duty truck industry. Currently, Noregon serves more than 15,000 customers in the U.S. and Canada.