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As it considers mergers, BuzzFeed makes asking for money part of its revenue strategy

“Meanwhile, quietly in the background, BuzzFeed is also reportedly looking into a digital media merger of epic proportions” reports fastcompany.com. BuzzFeed adds that the tote is “limited edition.” BuzzFeed’s journey to this new revenue stream is certainly interesting.Of course, in an increasingly tight media ecosystem, new revenue streams are increasingly necessary.And now that the future of media monetization is murky at best, BuzzFeed is following the latest trend, which is straight-up asking people to give it money. Source: fastcompany.com Share This:

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‘Mission Impossible’ powers Viacom results beat

“(Reuters) – Viacom Inc , the owner of MTV, Comedy Central and Nickelodeon, beat Wall Street estimates for profit and revenue on Friday, lifted by the strong performance of “Mission: Impossible – Fallout.”” writes Midwest Communications Inc for 95kqds.com. Analysts on average had expected a profit of 95 cents per share and revenue of $3.37 billion.Total revenue in its fiscal fourth quarter, ended Sept. 30, rose 5 percent to $3.49 billion from $3.32 billion a year earlier. Source: 95kqds.com Share This:

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Publicis’ chief sees consultancy and ad group merger wave

“Asked about the global ad market outlook, Sadoun remained cautious, saying t2019 should mark an improvement from 2018” reports businessinsider.com. Further fuelling market expectations about potential tie-ups, the French ad giant’s digital branch Publicis.Sapient partnered with French consultancy group Capgemini to win a big contract last year with fast-food chain McDonald’s .Sadoun said Publicis was well-positioned, following the acquisition of a tech company in 2014 for $3.7 billion euros — a hefty price that largely contributed to a 1.4 billion-euro writedown last year.The integration of the company within the holding…

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£46bn Shire and Takeda mega-deal targets completion by January

“Shire and Takeda are one step closer to sealing one of the biggest pharmaceutical mergers in history after announcing a completion date for the deal” writes Tom Stevenson for telegraph.co.uk. However there had been concerns that Takeda shareholders might reject the merger.The Irish and Japanese drugs giants hope to finalise the merger by Jan 8, should shareholders vote in favour of the deal at meetings on Dec 5.The £46bn deal will rank among the top 10 pharma mergers ever and will create a global pharmaceutical powerhouse with close to £22bn in annual sales, roughly equivalent…

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Prescription drug boom fuels CVS growth in run-up to Aetna merger

“Increasing prescription drug sales fueled third-quarter profit growth at CVS Health as executives worked to complete a $69 billion merger with Aetna” reports washingtonexaminer.com. Such a move could significantly impact the operations of CVS and fellow benefit managers like Express Scripts, which is preparing for its own merger with insurer Cigna.CVS and Aetna obtained federal approval for their merger in October. Source: washingtonexaminer.com Share This:

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Merger boosts Suncrest Bank to record quarterly income

“published on November 1, 2018 – 12:16 PM Written by The Business Journal Staff Suncrest Bank reported unaudited financial results for the third quarter, showing significant gains following its merger with Community Business Bank in Sacramento” reports thebusinessjournal.com. This included closing the quarter with total assets of approximately $912 million, a 3 percent increase over previous quarter.According to Ciaran McMullan, CEO and president of Suncrest, the bank is on the fast track to cross the $1 billion threshold next year in terms of total assets. “This quarter, we saw the…

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Lower medical costs, higher premiums spur profit gains at Cigna

“Cigna increased its full-year profit target on Thursday after lower medical costs and higher premium revenue drove profit growth in the third quarter” reports washingtonexaminer.com. The pharmacy benefit manager on Wednesday reported sales of $25.6 billion and a 27 percent increase in profit.The new entity is expected to aggressively pay down its debt in the first 18-24 months, but will still have additional available capital to reinvest back into the company, Cordani told investors.Total revenue at the Philadelphia-based insurer – which recently obtained federal approval for its merger with Express…

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Progressive groups urge FCC to block Sprint, T-Mobile merger

“T-Mobile and Sprint previously pledged to invest billions to build out the infrastructure for its fifth-generation wireless network and argued the merger will help deploy the improved service more quickly” reports washingtonexaminer.com. “Not only is roaming critical for new market entrants, but it is also vital for the continued survival of smaller, regional and rural wireless carriers, as well as rural fixed broadband providers,” the group wrote. Source: washingtonexaminer.com Share This:

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Express Scripts sales grow as Trump weighs upending business model

“Because of the pending merger, Express Scripts didn’t hold a call for investors, as is customary after quarterly earnings” reports washingtonexaminer.com. Express Scripts revenue surged in the three months through September, even as speculation mounted that the Trump administration will try to revamp a key piece of its business model.Sales at the pharmacy benefit manager, which earlier this year won federal approval for its merger with Cigna, grew to $25.6 billion. Source: washingtonexaminer.com Share This:

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Contested Time Warner acquisition buoys earnings at AT&T

“Companywide, advertising revenue climbed to $1.5 billion, largely due to the acquisition of Time Warner’s Turner” reports washingtonexaminer.com. AT&T touted its $85 billion acquisition of Time Warner as a key revenue driver.Excluding merger costs and other expenses, third-quarter earnings of 90 cents per share trailed the 94 cents that Wall Street predicted.The company added 4.3 million new wireless customers in the North America in the period, a 43 percent year-over-year increase. Source: washingtonexaminer.com Share This:

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