Nexstar Nears Deal to Acquire Majority Control of CW Network

Nexstar Nears Deal to Acquire Majority Control of CW Network

Nexstar Media Group the nation’s biggest owner of local television stations, is close to a deal to acquire majority control of the CW Network from co-owners Warner Bros. Discovery and Paramount Global according to people familiar with the matter. Under the terms being discussed, Nexstar would acquire 75% of the CW, a broadcast network aimed … Read more

Nexstar Nears Deal to Acquire Majority Control of CW Network

Nexstar Nears Deal to Acquire Majority Control of CW Network

Nexstar Media Group the nation’s biggest owner of local television stations, is close to a deal to acquire majority control of the CW Network from co-owners Warner Bros. Discovery and Paramount Global according to people familiar with the matter. Under the terms being discussed, Nexstar would acquire 75% of the CW, a broadcast network aimed … Read more

DeFi’s Existential Problem: It Only Lends Money to Itself

DeFi’s Existential Problem: It Only Lends Money to Itself

Remember how the banking system self-destructs every few decades? Now imagine if banks only lent money to finance other banks, and you may get a notion of the house of cards that is “decentralized finance,” or DeFi. Cryptocurrencies keep nosediving, with bitcoin hovering around $20,000 for the first time since 2020. The chaos has spread … Read more

Cyberattack Prevents Macmillan From Shipping Its Books to Retailers

Cyberattack Prevents Macmillan From Shipping Its Books to Retailers

Macmillan, one of the largest book publishers in the U.S., said it has been hit by a cyberattack, and book retailers nationwide said they were unable to place new orders from the publisher. Macmillan “recently experienced a security incident, which involves the encryption of certain files on our network,” the publisher said Wednesday. “As a … Read more

The Most Valuable Business on Earth Could Be Hiding Inside Amazon

The Most Valuable Business on Earth Could Be Hiding Inside Amazon

Text size Amazon has created what is arguably one of the world’s best growth businesses. Thomas Samson/AFP via Getty Images Amazon Web Services just might be the most valuable business on Earth. And the most undervalued. Clearly, the optimistic view of the long-term potential of AWS isn’t reflected in the current valuation for Amazon.com stock … Read more