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$VIAB, which owns Comedy Central, Nickelodeon, MTV and Paramount, said 3Q16 revenues rose as Filmed Entertainment division gains more than offset a fall in Media Networks revenues. Media Networks revenues fell 3% to $2.51Bil. Domestic advertising revenues decreased 4%, as pricing increases were more than offset by softer ratings.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.