Ad platform GumGum and Oboxmedia have entered a partnership that the companies said will bring in-image advertising to Canada for the first time. Read More
DC Entertainment’s iconic Justice League characters are the face of We Can Be Heroes, a charitable initiative to aid the Horn of Africa that will be supported across all of Warner Bros. Entertainment’s and Time Warner’s businesses and advertising platforms for two years. Read More
Sprint Nextel Corp. is reportedly talking with cable companies about a possible acquisition of Clearwire Corp., according to a Bloomberg story that cited three sources familiar with the situation.
Earlier this summer Clearwire announced their decision to light up a 4G LTE network, and that they were looking for $600 million in additional funding to secure their position in this project. According to Bloomberg’s sources, Bright House, Comcast, Time Warner and Sprint are currently working to get Clearwire the necessary funds [...].
Chicago — Media stocks took a plunge late Wednesday as worries about the economy sent the Dow Jones Industrial Average dropping 512.76 points (4.31 percent).
One of the very few bright spots was Pandora Media, which ended the day in the black, rising 1.6 percent.
The vast majority weren’t so fortunate. Media General CEO Marshall Morton blamed the drop in stocks to “a faltering economy,” as the Media General itself saw a 13 percent plummet during the second [...].