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Thursday, August 16, 2018

Tribune scraps $3.9B deal with Sinclair, sues for $1B

Tribune Media on Thursday pulled out of a deal to acquire Sinclair Broadcast Group, and is suing for breach of contract, after the group came under scrutiny from U.S. regulators.

Tech companies use ‘persuasive technologies’ that harm children, psychologists say

A group of psychologists has urged the American Psychological Association to take a stand against the use of "manipulative psychological techniques" to get children addicted to digital devices.

China imposes retaliatory tariffs on $16B worth of U.S. goods

China announced retaliatory tariffs against the United States on Wednesday, matching tariffs imposed by Washington, D.C., on Tuesday.

U.S. to impose new tariffs on $16B worth of Chinese goods

The United States will impose a 25 percent tariff on an additional $16 billion worth of Chinese goods starting in about two weeks, the U.S. Trade Representative announced Tuesday.

Media majors investing $1B for competitor to Netflix, Amazon

Multiple large media companies are investing $1 billion in a new video streaming service called NewTV.