Yahoo and ABC News Sign Content Agreement (Mashable)
Yahoo and ABC News have announced an agreement to share content including stories and web videos. Under the deal, announced Monday, Yahoo and ABC News will reach 100 million users a month and redistribute content including GoodMorningAmerica.com, which is now on Yahoo.
Microsoft Considering A New Bid for Yahoo (Mashable)
Microsoft is reportedly considering launching a renewed bid to acquire Yahoo, more than three years after its previous attempt. To complete this potential acquisition, Microsoft may seek a partner for the deal, according to Reuters. The internal management team is divided on whether to make another run for the struggling online media company. In January 2008, Microsoft offered more than $44 billion to acquire Yahoo in an unsolicited bid. Yahoo management eventually blocked the deal.
Hulu Brings Spanish TV Content to US (FT)
The large Hispanic population in the US will soon be able to watch many of their favourite shows online as Univision, the most watched Spanish-language channel, will make much of its content available on Hulu, the online video site. The multiyear deal, under which Hulu will pay an undisclosed sum for the content, will represent the first time a significant number of Spanish-language programmes will be available for online viewing in the US, where there are now more than 50m Hispanics, representing a burgeoning new market for media companies.
Starboard Seeks to Introduce 3 Members to Regis Board (Pioneer Press)
The war of words exploded today between Regis Corp. and an activist hedge fund that challenging the the Edina-based haircare giant.’Do not be influenced by the illusion of change,” officials at Starboard Value LP wrote to Regis shareholders. “The board’s recent and reactionary changes do not go far enough.’ Regis officials quickly fired back: ‘We believe Starboard’s letter is misleading and contains numerous errors, while also falsely claiming credit for initiatives that predate Starboard’s investment in the company in June of this year.’ Against Regis’ wishes, Starboard and its affiliates are attempting to elect three member to the seven-member Regis board, and have unleashed an attack against Regis’ leadership and its performance.
No Bonuses This Year on Wall Street (BusinessInsider)
The $0 bonus meme is gathering steam. Earlier this week there was a report about how there could be virtually no bonuses this year, as more and more analysts expect the banks to come out with a quarterly loss. And now? Charlie Gasparino says that at Morgan Stanley (which the market is deeming a wreck this days), CEO James Gorman is telling some executives that there won’t be any bonuses at all this year.
EU Banks Face New Stress Test (FT)
Europe’s top banking regulator has started to re-examine the strength of the region’s banks, modelling a big writedown of all peripheral eurozone sovereign debt. The exercise, conducted by the European Banking Authority, could potentially identify capital shortfalls across the banking system of as much as €200bn ($266bn).
Microsoft Bringing More to Xbox Live (BusinessInsider)
Microsoft has signed deals with Comcast, Verizon, and a bunch of other TV and video providers to bring more video to Xbox Live. The deals, which were rumored earlier this month, are slightly different for each provider.