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Posts Tagged ‘Reuters Media’

Morning Media Newsfeed: AT&T to Acquire DirecTV | NYT Publisher Speaks | CNN Fires Editor

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AT&T to Buy DirecTV for $48.5 Billion (NYT / DealBook)
AT&T formally agreed on Sunday to buy DirecTV for about $48.5 billion, striking another transaction meant to overhaul the American telecommunications landscape. CNNMoney The boards of the two companies met on Sunday to approve the plan. “This is a unique opportunity that will redefine the video entertainment industry and create a company able to offer new bundles and deliver content to consumers across multiple screens — mobile devices, TVs, laptops, cars and even airplanes,” said Randall Stephenson, the chief executive of AT&T, in a statement. WSJ Just months ago, Comcast Corp. announced a $45 billion agreement to buy Time Warner Cable, a combination that would serve close to 30 million video subscribers, after proposed divestitures. Meanwhile, Sprint Corp. continues to work on a bid for smaller rival T-Mobile US Inc., people familiar with the matter say. The deal for DirecTV gives AT&T almost 26 million pay TV subscribers and a national footprint in the business at a time when the telecom carrier sees video delivery as core to its future. The Associated Press Dallas-based AT&T’s proposed combination could improve its Internet service by pushing its existing U-verse TV subscribers into video over satellite service, and thereby free up bandwidth on its telecommunications network. AT&T currently offers a high-speed Internet plan in a bundle with DirecTV television service. The acquisition would help it further reap the benefits of that alliance. DirecTV would continue to be based in El Segundo, Calif., following the merger. The companies expect the deal to close within 12 months following a government review.

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With Future Of Media Uncertain, Mirror Awards Honor Journalists Covering Media

mirrors.jpgToday’s Mirror Awards luncheon at the Harmonie Club uptown was swarmed by all manner of media types. Media critics who were nominated for Mirrors like Vanity Fair‘s Michael Wolff, Rachel Sklar of Abrams Research (nominated twice for her work for the Huffington Post) and The New York TimesDavid Carr (who won for best commentary in traditional media) mingled with colleagues and big name presenters, including Howard Dean and Nora Ephron.

The awards, which honor excellence in media reporting, were presented for the third year by Syracuse University’s S.I. Newhouse School of Public Communications. MSNBC anchor and Newhouse alum Contessa Brewer guided the festivities as emcee, and Chris Ahearn, president of Reuters Media, and Bloomberg political columnist Margaret Carlson presented awards.

Vanity Fair and The New York Times both took home two of the six prizes awarded by a jury of journalists and journalism educators. In addition to Carr, the TimesDavid Barstow won for best in-depth piece in traditional media. VF‘s Seth Mnookin and David Kamp each snagged an award for best single article, for traditional and digital media, respectively.

Rounding out the winners were Ian Parker for best profile, traditional media, for his profile of Times columnist Thomas Freidman for the New Yorker and Clive Thompson for Wired.com took home the award for best commentary in digital media.

Read on for more about our chat with Arianna Huffington (above middle, with her daughter Christina and MSNBC president Phil Griffin)

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