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Online publishing site Medium to cut 50 jobs, change business model

Jan 4 (Reuters) – U.S.-based online publishing platform Medium said it would slash its workforce by a third, or eliminate 50 jobs, close two offices as the company changes its ad-driven business model.

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Fitch Downgrades iHeart's IDR to 'C'

(The following statement was released by the rating agency) NEW YORK, December 21 (Fitch) Fitch Ratings has downgraded iHeartCommunications, Inc.’s (iHeart) Long-Term Issuer Default Rating (IDR) to ‘C’ from ‘CC’, and affirmed all of iHeart’s individual issue ratings. Fitch has also affirmed the IDRs for Clear Channel Worldwide Holdings, Inc. (CCWW) and Clear Channel International […]

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Fitch Affirms Bertelsmann at 'BBB+'; Outlook Stable

(The following statement was released by the rating agency) LONDON, December 20 (Fitch) Fitch Ratings has affirmed Germany-based Bertelsmann SE & Co KGaA’s Long-Term Issuer Default Rating (IDR) and senior unsecured ratings at ‘BBB+’; its Short-Term IDR is affirmed at ‘F2’. The Outlook is Stable. Bertelsmann’s ratings are anchored by its 75% ownership of leading […]

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BRIEF-Paul ingrassia to join Dow Jones special committee

* Paul Ingrassia to join Dow Jones special committee Source text for Eikon:

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REFILE-Deals of the day-Mergers and acquisitions

Dec 16 (Reuters) – The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Friday:

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Deals of the day-Mergers and acquisitions

Dec 15 (Reuters) – The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday:

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Orban allies tighten media grip ahead of Hungary election

BUDAPEST/VIENNA, Dec 6 (Reuters) – People close to Prime Minister Viktor Orban are increasing their control over Hungarian media, raising concerns among government critics and international bodies over press freedom as an election approaches.

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BRIEF-Guizhou Broadcasting & TV issues prospectus for Shanghai IPO

Dec 5 (Reuters) – Guizhou Broadcasting & TV Information Network Co Ltd

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UPDATE 1-Investor Cuban to testify at Senate hearing on AT&T-Time Warner deal

WASHINGTON, Dec 2 (Reuters) – Billionaire investor Mark Cuban will be among the witnesses scheduled to testify at a U.S. Senate Judiciary panel hearing on Dec. 7 on AT&T Inc’s proposed $85.4 billion acquisition of Time Warner Inc .

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