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Sprint, T-Mobile again in deal talks; Tremor Video selling buyer platform


MediaTalk Episode 27


Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap


MediaTalk | Episode 26: Video game industry growth softens amid post-pandemic hurdles


Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Sprint, T-Mobile again in deal talks; Tremor Video selling buyer platform

Top News

* Sprint Corp. is in talks again to merge with T-Mobile US Inc., Bloomberg News reports, citing sources familiar with the details. The talks, which are in initial stages, come after Sprint's exclusivity window for talks with Comcast Corp. and Charter Communications Inc. ended last month.

* Tremor Video Inc. is selling its buyer platform to Taptica International Ltd., a global mobile advertising technology platform, for $50 million. Tremor Video said the deal "provides additional capital for strategic international investment."

* Crown Media Family Networks, a unit of Hallmark Cards Inc., is eyeing an Oct. 1 launch for Hallmark Drama. It will largely feature movies and series from the company's library of original dramatic content, plus exclusive original programming, Crown Media Family Networks CEO Bill Abbott said in an interview.


* Apple Inc. is working to launch a cellular-capable watch later in 2017, Bloomberg News reports, citing sources with knowledge of the matter. Current versions of Apple's smartwatch require a wireless connection with the iPhone.

* Danielle Brown, vice president for diversity at Alphabet Inc. unit Google Inc., shot down "incorrect assumptions" made by a company employee in a memo on gender inequality at Google, Bloomberg News reports. In an internal note to staffers, Brown said "diversity and inclusion are critical to our success as a company," and the claims made by the employee are not endorsed or promoted by Google. The unnamed Google engineer had argued in his memo that Google had a "politically correct monoculture" that ignored differences between the sexes.

* AT&T Inc. is close to finalizing a deal with Huawei Technologies Co. Ltd. to sell the Chinese smartphone maker's flagship phones in the U.S., The Information reports, citing people familiar with the matter. A tentative deal is in place for the U.S. carrier to sell Huawei's flagship phones directly to customers through its wireless stores in the first half of 2018, according to the report.

Theme parks

* SeaWorld Entertainment Inc. tapped Marc Swanson to be CFO and treasurer, effective immediately. Swanson had been serving in these positions on an interim basis since Aug. 1, the company said. Elizabeth Gulacsy succeeded Swanson as chief accounting officer.

Film & TV

* Eric Bolling, a host and contributor at 21st Century Fox Inc.'s FOX News Channel (US), was suspended following accusations of sexual harassment, multiple news outlets reported. According to a recent Huffington Post report, Bolling sent inappropriate messages to colleagues.

* Sony Corp.'s "The Dark Tower" topped the domestic box office for the Aug. 6 weekend with $19.5 million, followed by Warner Bros.' Second World War movie "Dunkirk" at No. 2 with $17.6 million and Sony's "The Emoji Movie" at No. 3 with $12.3 million, according to comScore Inc. Universal's "Girls Trip" took the fourth spot with $11.4 million, while Aviron Pictures' "Kidnap" was No. 5 with $10.2 million.

The day ahead

Early morning futures indicators pointed to a higher opening for the U.S. market.

In Asia, the Hang Seng was up 0.46% to 27,690.36. The Nikkei 225 rose 0.52% to 20,055.89. In Europe as of midday, the FTSE 100 was up 0.14% to 7,522.26 and the Euronext 100 slid 0.04% to 1,011.71.

On the macro front

Gallup US consumer spending measure, the labor market conditions Index, the TD Ameritrade IMX, and the consumer credit report are due out today.

Featured news

MarketWeek: Media, Internet stocks turn red following earnings reports: Several media and internet stocks took a beating for the week ended Aug. 4 as investors digested earnings reports from several sectors.

The Program Guide: Netflix orders Hasbro show; Jon Stewart returning to HBO with standup: The renewal of "Queen Sugar" on OWN: Oprah Winfrey Network (US) and Netflix Inc. debuting an animated original is included in this edition of The Program Guide.

Data Dispatch: Gunslinger to challenge the soldiers of 'Dunkirk': "The Dark Tower" is set to open wide Aug. 4, but the critical response and box office glory are falling short of a decade of anticipation.

The Best Of: Media & Comm, editor's picks: Stories about DISH Network Corp.'s Sling TV, impact of Brexit and Altice USA Inc.'s M&A plans are among the media and communications editor's top five picks for the week ended Aug. 4.

The Best Of: Media & Comm, most read: S&P Global Market Intelligence presents the five most read media and communications articles for the week ended Aug. 4.

The Daily Dose Europe: Arqiva steps up IPO plans; Vivendi asked to clarify Telecom Italia control: British towers operator Arqiva Ltd. has tapped four banks for its planned IPO, while Italian market regulator Consob asked Vivendi SA to notify by Aug. 7 as to whether the French company controls Telecom Italia SpA.

The Daily Dose Asia-Pacific: Google, Twitter to vet Indonesian online content; Bharti, Tata end merger talks: Twitter Inc. and Google have agreed to work with the Indonesian government to police controversial online content, while Bharti Enterprises Ltd. decided to end merger talks with Tata Group.

Featured research

Economics of Networks: AMC Networks' CEO talks distribution experimentation on Q2 earnings call: Net revenue at AMC Networks Inc.'s national networks was up 5.6% year over year as the company broadens its distribution strategy.

Global Multichannel: Viacom's international nets continue positive momentum in fiscal Q3: Although Viacom Inc.'s U.S. networks contributed the biggest share in revenues, growth for the company's Media Networks division was largely driven by strong results from its international segment.

Economics of Internet: Pandora simplifies after tough Q2: Pandora Media Inc. has decided to focus on its ad-supported listening in the U.S. to better differentiate it from established subscription music services, and the company hopes that programmatic ad selling will increase load and demand.

The Daily Dose is updated as of 7 a.m. ET. Some external links may require a subscription.