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Aishwarya Venugopal Business cable internet Liberty Media 

Sirius to invest $480 million in Pandora, may be path to music streaming

June 9, 2017 By Liana B. Baker and Aishwarya Venugopal (Reuters) – Sirius XM Holdings Inc said on Friday it will invest $480 million in Pandora Media Inc , giving the satellite radio company better exposure to internet music streaming while providing financial footing to Pandora. While Sirius XM has a strong presence in the auto market, where its channels are offered in most new cars in the United States, it has trailed Pandora and other music providers in mobile and streaming content. The relationship could give Sirius expertise in…

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Business cable Citadel Griffin CNBC Money Top News 

Citadel’s Griffin says U.S. rally not over, inflation a worry: CNBC

June 7, 2017 NEW YORK (Reuters) – Ken Griffin, founder and chief executive of hedge fund firm Citadel LLC, said on Wednesday that the run-up in the U.S. stock market was not over but that investors should be worried about rising inflation. “I think this business cycle has further to go. I think the stock market is going to go with that, but what’s worrisome is, the firepower that we have to address the next downturn is somewhat constrained,” Griffin told cable television network CNBC. Griffin, who is also the…

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No spoilers! ‘Twin Peaks’ premiere urges guests to keep secret

May 20, 2017 By Piya Sinha-Roy and Omar Younis LOS ANGELES (Reuters) – As co-creator David Lynch introduced the first screening of his much-anticipated revival of the 1990s TV series “Twin Peaks”, he evoked the image of the tall green Douglas fir trees that came to define the mysterious small town setting of his show. “Douglas firs are beautiful trees and if we’re very quiet, we can hear the rustling needles as we move through the forest, getting closer and closer and now we’re here,” Lynch told an audience late…

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Charter, AMC team up to produce original programming

April 26, 2017 By Anjali Athavaley NEW YORK (Reuters) – Charter Communications Inc will develop and produce original programming with AMC Networks Inc, which is known for the show “The Walking Dead,” to differentiate its content offerings, the cable company said on Wednesday. The programming will be available exclusively to Charter’s Spectrum subscribers initially, and AMC will get subsequent rights, the companies said. They are discussing the kind of content they will produce, and they expect it to air on the Spectrum platform beginning in 2018. The announcement shows how…

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Telecoms and cable group Altice kicks off IPO process for U.S. arm

April 11, 2017 PARIS (Reuters) – Altice , the telecoms and cable holding company owned by billionaire Patrick Drahi, kicked off on Tuesday the formal process for the initial public offering (IPO) of its U.S. activities in New York. The debt-fueled group, whose division Altice USA was put together after acquiring Cablevision and Suddenlink Communications, aims to increase its financial firepower to buy assets in the broadband and media businesses in the country, it said in the document filed with the U.S. markets watchdog. The size of the shares sale…

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U.S. net neutrality advocates blast Pai effort to reverse rules

April 7, 2017 By David Shepardson WASHINGTON (Reuters) – Advocates of landmark net neutrality rules on Friday blasted Federal Communications Commission chairman Ajit Pai’s plans to roll back the Obama era legal framework. Reuters and other outlets reported late Thursday that Pai told major telecommunications trade groups of his plans Tuesday to replace 2015 net neutrality rules with voluntary agreements to adopt open internet principles. The 2015 rules prevented broadband providers from giving or selling speedy or so-called fastlane access to some internet services over others. Pai, a Republican appointed…

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Comcast to expand streaming service amid cord-cutting trend

March 27, 2017 By Anjali Athavaley and Jessica Toonkel NEW YORK (Reuters) – Comcast Corp is planning to rebrand and expand a streaming video option for broadband subscribers who do not want to pay for a traditional cable package, sources told Reuters on Monday. The service, dubbed Xfinity Instant TV, will be priced as low as $15 a month to roughly $40 a month, sources said. It will include major broadcast networks as well as add-on options for sports channels like ESPN and Spanish language channels such as Telemundo and…

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BET co-founder Sheila Johnson succeeds all over the map

March 7, 2017 By Chris Taylor NEW YORK (Reuters) – Most people would be thrilled to succeed in one field. Sheila Johnson has triumphed in some remarkably different ones. The range goes like this: accomplished violinist, co-founder of popular cable network Black Entertainment Television, co-owner of professional sports franchises, CEO of Salamander Hotels & Resorts. For the latest in Reuters “Life Lessons” series, Johnson, 68, sat down to share a few ingredients in her secret recipe for success. Q: How did that start in music help shape your business career?…

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YouTube unveils $35-a-month live TV service

February 28, 2017 LOS ANGELES (Reuters) – Alphabet Inc’s YouTube will launch a live TV service in the next few months that offers the four major U.S. broadcast networks plus cable channels, YouTube Chief Executive Susan Wojcicki said on Tuesday. The service, called YouTube TV, will cost $35 a month for six accounts, Wojcicki told reporters at an event at YouTube’s production space in Los Angeles. More than 40 networks including Walt Disney Co’s ESPN will be offered, as well as YouTube’s original series starring creators from the platform, executives…

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