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By Joseph Conrad
By Barbara Ehrenreich
$15.64
$24
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Flickr / NontrivialMatt
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The U.S. Justice Department sued Wednesday to prevent AT&T’s hoped-for merger with T-Mobile, a $39 billion deal that would create the largest telephone carrier in the country with almost 130 million subscribers. (more)
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Meredith Attwell Baker, one of two Republican FCC commissioners, voted in late January to approve the merger of Comcast and NBC. Less than four months later, she announced that she is leaving the FCC to become a lobbyist for the merged company. (more)
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The placebo effect even if you know it’s a placebo, the conglomerate approval of the Comcast-NBC merger, and the introduction of Google Body. These discoveries and more after the jump.
Posted on Dec 24, 2010
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Flickr / Cordey
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Another day, another big merger in the skies: On Monday, Southwest Airlines announced that it had scooped up rival AirTran Airways, the second such acquisition this month after United and Continental joined forces.
Posted on Sep 27, 2010
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Flickr / Moto@Club4AG
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Shareholders of Continental and United Airlines have finally voted to form a more perfect United Airlines, merging the two companies under United’s name to create the world’s largest airline service, overtaking its closest U.S. rival—the newly merged Delta and Northwest Airlines—and European carriers.
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Wikimedia Commons
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Is it media concentration if no one reads the articles? The owner of Penthouse magazine has offered to buy rival Playboy for $210 million in a move that would bring two of the largest men’s magazines under the same ownership umbrella.
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Flickr / Moto@Club4AG
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Two major commercial airlines—United and Continental—announced on Monday that they are merging to form the world’s biggest air carrier, which is to be called (drum roll) ... United Airlines. But in a super-creative twist, the newly rebranded fleet will ... (continued)
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Flickr / LAXFlyer
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Barring any last-minute mess-ups, a deal to merge air carriers Continental and United will likely be announced as early as Monday, a union that would create the world’s biggest airline.
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Flickr / Edgar Zuniga
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Cable giant Comcast, feeling the pressure from an expanded field of video and Internet access competitors, has decided to go ahead and buy NBC-Universal. The deal, which is all but done, makes Comcast one of the biggest media conglomerates (on par with Disney), and the proud owner of this.
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Left: Loren Javier / flickr; right: seattepli.com
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Oh, what a tangled web Spider-Man weaves. Thanks largely to the multibillion-dollar success of Marvel’s characters on the big screen, Disney is buying the fabled comic book company for $4 billion in cash and stock. The Mouse House says Marvel characters will soon be appearing at its theme parks, but that isn’t the half of it.
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For $52 billion, Belgian beer giant InBev will gain control of Anheuser-Busch, the mighty producer of Bud Light and Budweiser, America’s #1- and #2-selling beers, respectively. In one swoop, the Euro brewery secures half the U.S. market.
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flightnetwork.com
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As airlines around the globe struggle to navigate through tough times for the industry, Delta Air Lines Inc. and Northwest Airlines Corp. have come up with their own possible solution. By Tuesday, the two companies had reached an agreement to join forces and create Delta, the world’s biggest airline.
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The mortgage crisis has claimed another corporate victim. Bear Stearns, one of the largest financial institutions in the world, has been bought for a piddling $236 million. The company was valued at $3.5 billion just a few days ago, and $20 billion a little more than a year ago.
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AP photo / Mark J. Terrill
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Having just rebuffed a $42.1-billion offer from Microsoft, Yahoo Inc. has another suitor: Rupert Murdoch’s News Corp. Although Murdoch is rich, he’s not Bill Gates rich, and MySpace, which is supposed to entice Yahoo into the deal, is so 2007. Murdoch detractors, therefore, should take pause, but not panic. The most popular news site on the Internet and Yahoo’s many other properties remain impartial, for now.
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By Eugene Robinson — Could the veteran of rough-and-tumble tabloid journalism with dubious ethics be the only appropriate buyer for the fabled newspaper?
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View the most popular tags overall?
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What Will Tighter Restrictions on Trade in Iran Do?
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