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Expedia buys Trover; Gannett circling TRONC again

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Expedia buys Trover; Gannett circling TRONC again

TOP NEWS

* acquired Trover, anapp and website that allows users to share their travel photos, for anundisclosed sum. According to an official blog post, theacquisition will give greater exposure to Trover and the photos shared by itsusers.

*Gannett Co Inc. heldtalks with TRONCINC., previously called Tribune Publishing Co., in the last twoweeks about a potential takeover of the Chicago-based publisher, the New York Post reports,citing two sources familiar with the matter. Sources said Gannett did duediligence on TRONC as part of the talks, which could go either way.

Internet & OTT

* Apple Inc.launched its Apple Pay mobilepayment service in Hong Kong, TechCrunch.com reports.Participating banks areStandard Chartered, DBS, Hang Seng Bank, HSBC, American Express, and Bank ofChina, with Bank of East Asia and Tap & Go mobile payment service tobe added later. 

*Sony Corp.'sPlayStation Vue service is offering access to live local feeds of 's in nine more markets, Multichannel News reports,citing a company executive. The stations added to PlayStation Vue's lineup areKEYE in Austin, Texas; WBTV in Charlotte, N.C.; WKRC in Cincinnati; CBS9 in Cleveland;Newschannel3 in Grand Rapids, Mich.; CBS21 in Harrisburg, Pa.; KUTV2 in SaltLake City; CBS8 in San Diego; and CBS12 in West Palm Beach, Fla.

*Amazon.com Inc.'slive streaming service Twitch suspended James "PhantomL0rd" Varga,one of its broadcasters, for secretly running a Counter-Strike: GlobalOffensive item gambling website, TheVerge.com reports.The site allowed users to gamble weapon skins from the Valve game.

*Facebook Inc. now hasmore than 1 billion people using its Messenger app every month, according to a post on thenewsroom section of its website.

Technology

*The Fair Trade Commission, Korea's antitrust watchdog, probed unit over allegedanti-competitive practices related to its Android operating system, The Korea Herald reports,citing industry sources. The agency initiated a probe to determine whetherGoogle forced smartphone manufacturers to install the Android OS in theirhandsets.

The day ahead

Earlymorning futures indicators pointed to a mixed opening for the U.S. market.

InAsia, the Hang Seng rose 0.54% to 22,000.49, and the Nikkei 225 was up 0.77% to16,810.22.

InEurope as of midday, the FTSE 100 was down 0.34% to 6,706.02, and the Euronext100 fell 0.29% to 865.42.

On the macro front

Thejobless claims report, the Chicago Fed national activity index, the FHFA houseprice index,  the existing home salesreport, the Leading Indicators report, the EIA natural gas report, the Fedbalance sheet and the money supply report are due out today.

Featured news

The Daily DoseEurope: France cracks down on Microsoft; Spotify mulls 2017 IPO:The French data protection authority warned Microsoft Corp. to stop collecting excessive data fromusers without consent, while Spotify Ltd is considering a public flotation in 2017.

The Daily DoseAsia-Pacific: J.League scores $2B streaming deal; China Film plans ShanghaiIPO: The Japan Professional Football League signed a 10-year, $2billion deal with the U.K.'s Perform Group for games to be broadcast on sportsstreaming service DAZN, while China Film Group Corp. plans to raise around $612million with an IPO in Shanghai.

Data Dispatch:ETFs reveal a struggling tech sector: Tech equities have beensomewhat out of favor throughout 2016, and a close look at tech-focused ETFsunderlines the trend.

EuropeanRegulatory Spotlight: Nokia sues Huawei in 4G patent clash: In thisbi-weekly feature, SNL Kagan provides a roundup of significant recentregulatory events in Europe.

Briefing Room:Dramas wilt in summer heat as reality fare, game shows set ratingspace: Linear networks' serialized dramas this summer have failed toconnect with many viewers, who are instead embracing reality, competition fareand ABC's 'Sunday Fun & Games' block.

Hires andFires: US Media & Comm director moves through July 19: S&PGlobal Market Intelligence presents a rundown of board changes in the media andcommunications industries.

Eastern Europevideo spotlight: BBC Worldwide extends content deal with Poland'sTVP: In this monthlyfeature, S&P Global Market Intelligence provides a roundup of news relatedto over-the-top, video-on-demand and other online video initiatives indifferent Eastern European markets.

Featured research

Economics of Internet: Profile: Amazon Prime Video(Japan): Amazon Prime Video focuses on Japanese original content toentice consumers into Amazon Prime memberships. 

Broadcast Investor: Digital multicast network ratings — Me-TV leadsas segment grows: Me-TV (US) leads digital multicast networks in 24-hourand prime-time ratings, according to Nielsen Holdings data through May. However, othermulticast networks continue to grow ratings and households. 

GlobalMultichannel: Global connected device report: Thailand: Thailandboasts a high degree of online participation and engagement among its citizens,with widespread social media usage and heavy consumption of online video.Increasing connectivity across the country, meanwhile, is helping bring morepeople online.

Recent earnings

EBay execsunpack Q2 earnings beat on repositioning efforts: has been undergoing severalefforts to refresh the brand and improve the platform, and its executives saidthat a second-quarter beat is evidence that they are working.