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Posts Tagged ‘William E. Buzenberg’

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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Introducing iWatch, The Center for Public Integrity’s New Site for Investigative Journalism

The Center for Public Integrity is starting a new site this month dedicated to investigative journalism, the New York Times reports.

The site, to be called iWatch News, will produce reporting with its staff of 37 writers and editors, contributions from freelancers, and collaboration with the nonprofit’s international unit. Its focus will be on “money and politics, government accountability, health care, the environment and national security.” Sounds serious and important!

Ultimately, the goal is to produce daily “10 to 12 original investigative pieces and aggregated content from other sources.” Yeah, it’s hard to totally avoid that whole aggregated content thing, we know.

Articles from the site will likely be featured on other sites, in particular The Huffington Post, whose investigative arm the center merged with last year. However, the nonprofit is also looking to sell subscriptions for $50 a year. “We want to be a model to show journalism, if it’s good, it can be paid for,” said William E. Buzenberg, the executive director of the center.