U.S. newspapers continuing to die at rate of 2 each week.

NEW YORK (AP) – Despite growing recognition of the problem, the United States continues to see newspapers die at a rate of two per week, according to a report published on Wednesday on local news. Areas in the country that are without a reliable source of local news tend to be poorer, older and less … Read more

India’s M&E industry to touch ₹4,30,401 crore by 2026: PwC report

India’s media and entertainment industry is expected to reach Rs. 4 30 401 crore in 2026 at a CAGR of 8.8%, according to a report from the professional service company Pricewaterhouse Coopers. The OTT flow market (over-the-top) will expand by 14.1% CAGR to reach Rs. 21,032 crore during the same period, with subscription services driving … Read more

T-shirts? Ice cream? Retailers cash in on Juneteenth

By ANNE D’INNOCENZIO – AP Retail Writer NEW YORK (AP) – Retailers and marketers have been quick to celebrate Juneteenth with an avalanche of items from ice cream to t-shirts to party mugs. But many get backlash on social media for what critics say undermines the day, designated a federal holiday last year to honor … Read more

Elon Musk revises Twitter financing plan; shares jump

By BARBARA ORTUTAY and MICHAEL LIEDTKE – AP Technology Writers SAN FRANCISCO (AP) – Tesla’s CEO Elon Musk on Wednesday revised the $ 44 billion financing plan for his proposed purchase of Twitter, raising investors’ hopes that the unpredictable billionaire still intends to complete a deal tossed by market turmoil and Musk’s not entirely Explained … Read more

Chelsea being sold to Dodgers owners for sports record $3BN

By ROB HARRIS – AP Global Soccer Writer The forced sale of Chelsea ends after attracting the highest prize for a sports team of 2.5 billion pounds (3.1 billion dollars) from a consortium led by Los Angeles Dodgers co-owner Todd Boehly. There are still potential stumbling blocks for the sale of Roman Abramovich’s asset, frozen … Read more

Elon Musk asked to testify on Twitter by UK Parliament

AP LONDON (AP) – A British Parliamentary committee examining draft online safety legislation has invited Elon Musk to discuss its plans to buy Twitter and that changes he proposes for the social media platform. Parliament’s digital committee on Wednesday asked Tesla’s CEO to testify about his proposal “in more depth”. Musk said it was too … Read more

Asian stocks fall as investors await U.S. profits, inflation

By JOE McDONALD – AP Business Writers BEIJING (AP) – Asian stocks fell again on Tuesday as investors waited for US inflation data amid concerns over higher interest rates, Chinese efforts to curb outbreaks of the corona virus and Russia’s war on Ukraine. Shanghai, Tokyo, Hong Kong and Seoul fell. Oil prices rose by more … Read more