News Highlights: Top Company News of the Day
September 23 2018 - 11:15PM
Dow Jones News
Vox Media On Pace to Miss Revenue Target as Digital Advertising Disappoints
Digital publisher Vox Media is expected to miss its revenue goal
for this year by more than 15%, adding to the list of new-media
companies struggling to live up to lofty growth expectations.
WPP Considers Merger of Young & Rubicam and Digital Ad Firm VML
WPP's Chief Executive Mark Read is preparing to consolidate some
of the advertising giant's major properties, as traditional
agencies struggle to keep pace with the industry's digital
shift.
Dell to Interview Banks for IPO in Lieu of Tracking-Stock Acquisition
Dell Technologies Inc. is exploring the possibility of launching
a traditional IPO instead of going public through a proposed
acquisition that has met resistance from several investors.
'House With a Clock in Its Walls' Ticks Past Expectations
"The House With a Clock in Its Walls" exceeded expectations with
an estimated $26.9 million in ticket sales at the weekend box
office. Audiences showed considerably less interest in Michael
Moore's Donald Trump-themed documentary, "Fahrenheit 11/9," than
his George W. Bush-era one.
Comcast's Sky-High Bid to Go Global
Comcast is offering a stratospheric price for Sky. To justify
its bid, Comcast will need to take the Sky streaming platform on a
risky offensive across Europe.
Porsche Drops Diesel Engines in Wake of Emissions Scandal
German luxury car maker Porsche will no longer offer diesel
versions of its cars, the Volkswagen unit said, becoming the first
German auto maker to drop the engines in the wake of the
emissions-cheating scandal.
Germany's Commercial Shipping Fleet Shrinks by a Third
A prolonged slump in freight rates and sour shipping loans have
led to a big contraction in Europe's maritime powerhouse as ship
finance and vessel ownership have shifted to other countries.
Sky Takeover Proves a Dream Trade for Hedge Funds
The bidding war for broadcaster Sky had already provided hedge
funds with one of their best trades of the year. This weekend's
dramatic auction made it even better.
Used-Car Sales Boom as New Cars Get Too Pricey for Many
Rising new-car prices are pushing more buyers to the used-car
lot, where they are finding a growing selection of low-mileage
vehicles that are only a few years old.
No Sex Please, We're Apple: iPhone Giant Seeks TV Success on Its Own Terms
Apple wants to make scripted shows for streaming. But it doesn't
want to risk its pristine brand image by including violence,
politics, raw language and risqué story lines common to cable,
Netflix and Amazon.
(END) Dow Jones Newswires
September 23, 2018 23:00 ET (03:00 GMT)
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