Discovery has upped its stake in OWN to 95% with the network’s founder and namesake Oprah Winfrey receiving $35 million worth of Discovery stock in exchange, according to an SEC filing Tuesday. Discovery and Winfrey launched OWN in 2008 and the David Zaslav-led media company has periodically raised its stake in the joint venture. It
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President-elect Joe Biden gave a sobering year-end message, particularly about the challenges remaining in the Covid-19 crisis and in the impact of the massive cyberattack on U.S. government agencies. Biden said that there was hope with a new vaccine, which he received on Monday, but that the virus is still raging out of control, with
Shares in digital conglomerate Interactive Corp. are up 14% today after the company announced that its video subsidiary Vimeo will be spun off into its own company in 2021. In the quarter ending in September, Vimeo had 1.46 million subscribers, a gain of 21% from the same period a year ago, with revenue of $75.1
Almost exactly two weeks after California Governor Gavin Newsom announced what became a new lockdown for most of the state’s population, the daily number of new cases has fallen for five successive days. Granted, those numbers are dropping from an all-time new daily case high for the state — or any state, for that matter