Condé Nast, the media conglomerate that owns and operates Vogue, The New Yorker and Vanity Fair, along with a number of other properties, has plans to cut hundreds of jobs over the next few months. The coming layoffs will affect some 270 employees, the New York Times first reported, citing a note to employees from…
Rupert Murdoch's announcement that he will hand over control of his global media empire to son Lachlan has put the group's British media, including the tabloid The Sun, on tenterhooks about its future place in the conglomerate.It would in any case, she said, "make no sense to part company with The Times" at a time when its direct competitor, the Telegraph, and the influential conservative magazine The Spectator, are being put up for sale after the Barclay family lost control of their media empir
Paramount Global has reported a non-cash gain of $168 million from diluting its stake in Indian media conglomerate Viacom18. In April, Paramount s stake in Viacom18 dropped to 13% after a strategic transaction involving Reliance Industries Limited (RIL) and Bodhi Tree Systems. RIL entities and Bodhi Tree Systems invested Rs 15,145 crore in Viacom18, resulting in Paramount no longer accounting for it under the equity method.