US-INDUSTRY Summary

Sirius XM to carry new Glenn Beck channel

(Reuters) - Sirius XM has struck a deal to carry a new channel produced by Glenn Beck's media company 'theBlaze', featuring conservative talk shows and news programming that begins airing on Monday. The new channel is the latest effort by Beck, a former Fox News talk show host, to expand his media company which has its roots on the Internet. The channel, dubbed "theBlaze Radio Network", will be available to Sirius XM's nearly 24 million subscribers.

Murdoch attacks British PM David Cameron over press regulation

LONDON (Reuters) - Media mogul Rupert Murdoch sharply criticized British Prime Minister David Cameron on Thursday for agreeing tougher press regulation, saying the new system was a "holy mess" and that Cameron had disappointed his supporters. Cameron struck a surprise deal on Monday with his junior coalition partners, the Liberal Democrats, and the opposition Labour party, that will allow a new regulator to be set up with the powers to levy large fines on newspapers and oblige them to print prominent apologies where appropriate.

Independent News' banks propose debt for equity swap: report

DUBLIN (Reuters) - A syndicate of banks has tabled proposals to reduce Independent News & Media's 420-million-euro ($546 million) debt burden that would see it take a large equity stake in Ireland's largest newspaper group, the Sunday Times reported. Weighed down by debts, falling readership and reduced advertising, INM has been in talks with its lenders since last year in relation to debt maturing in May 2014 in the hope of agreeing what it has described as a "substantial" restructuring.

Retired New York Times columnist Anthony Lewis dies at 85

BOSTON (Reuters) - Anthony Lewis, both a champion and a critic of the U.S. legal system and press rights in a newspaper career spanning more than 50 years, died at his home in Cambridge, Massachusetts, on Monday. He was 85. A retired New York Times reporter and columnist who won two Pulitzer prizes, Lewis died of complications of heart failure and renal failure, said his daughter, Mia Lewis. He had been diagnosed with Parkinson's disease.

CBS nears deal to buy half of TV Guide Network: reports

NEW YORK (Reuters) - CBS Corp is nearing an agreement to purchase about half of TV Guide Network, according to various media reports on Friday. The New York-based mass-media company is expected to pay about $100 million to buy out the TV Guide Network stake held by One Equity Partners, the private-equity arm of J.P. Morgan Chase & Co, the Wall Street Journal reported, citing people familiar with the matter.

HBO CEO mulls teaming with broadband partners for HBO GO

SAN FRANCISCO/NEW YORK (Reuters) - HBO could widen access to its HBO GO online streaming service by teaming up with broadband Internet providers for customers who do not subscribe to a cable TV service, HBO Chief Executive Richard Plepler said. Plepler told Reuters on Wednesday evening at the Season 3 premiere of HBO's hit TV show "Game of Thrones." "Maybe HBO GO, with our broadband partners, could evolve."

Fox picks up Big East basketball for 12 years

(Reuters) - Fox Sports has signed a 12-year contract to carry the new Big East basketball conference, the first major sports rights agreement it has entered since announcing its new national cable channel to compete with ESPN. Terms of the deal were not disclosed. A source close to the matter estimated the deal was worth between $500 million and $600 million over the 12 years. Fox, owned by News Corp, has been buying sports rights to showcase on its new cable network, dubbed Fox Sports 1, which will debut in August.

BBC Twitter accounts hacked by pro-Assad online group

LONDON (Reuters) - The Twitter account belonging to the BBC's weather service was hacked on Thursday, the public broadcaster said. The "Syrian Electronic Army", a group of pro-Assad hackers and online activists that has already disrupted the Facebook page of Barack Obama, claimed responsibility for the breach.

Jane's publisher IHS beats first-quarter estimates

(Reuters) - IHS Inc, publisher of Jane's Defence Weekly, reported higher-than-expected first-quarter revenue on a 13 percent rise in subscription income, but said customers continued to delay spending decisions on its non-subscription services. Non-subscription business, including consulting, software licensing and events, accounted for 24 percent of IHS's revenue last year.

Scholastic cuts full-year forecast for second time

(Reuters) - Children's books publisher Scholastic Corp cut its full-year forecast for the second time as sales of its "Hunger Games" trilogy remained lower than last year and customers continued to delay spending on its educational products. Shares of Scholastic, which also publishes the Harry Potter series in the United States, fell 14.4 percent in early trading on the Nasdaq.

Source: http://news.yahoo.com/us-industry-summary-040717419--finance.html

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