Here are the most read stories of the week.
E-comm Recon: Amazon's vision for a new retail model unfolds
Amazon.com Inc. is carving out a niche in a business long dominated by companies like UPS and FedEx. The company is in the process of building out its shipping and logistics business to outstrip the competition, requiring more innovation, more investment and slimmer margins.
Amazon's NFL streaming pact could be part of bigger rights play
Sports media analysts wonder if Amazon's deal with the NFL to live-stream 10 "TNF" games in 2017 could set the stage for Amazon to make a bid when broader rights become available early next decade.
MGM reaches $1B deal for EPIX takeover
Metro-Goldwyn-Mayer Inc., which already owns a 19.0% stake in EPIX (US), will pay $1.03 billion for the interests held by Viacom Inc., Paramount and Lions Gate Entertainment Corp., gaining full ownership over the network. The deal values EPIX at roughly $1.28 billion, including $75 million of distributions to the partners. Viacom and Lionsgate currently own 49.76% and 31.15% equity interests, respectively.
Liberty Interactive to buy Alaskan telecom provider, reorganize
Liberty Interactive Corp. plans to buy telecommunications provider General Communication Inc., merge GCI with unit Liberty Ventures Group, and spin off the merged entity as a new company to be called GCI Liberty. To accomplish the transaction, certain assets and liabilities of Liberty Ventures Group will be contributed to GCI in exchange for a controlling stake in the Alaska-based telecom operator. Liberty Interactive will then effect a tax-free separation of its controlling interest in the combined company, GCI Liberty, to the holders of Liberty Ventures' common stock.
FCC eliminates overbuild condition for Charter/TWC deal
The FCC voted to remove the overbuild condition from its 2016 order approving Charter Communications Inc.'s combination with Time Warner Cable Inc. and Bright House Networks LLC. The removed condition had required the new Charter to expand its footprint by deploying high-speed broadband — offering download speeds of at least 60 Mbps — to 2 million more homes and/or small businesses within a five-year time frame.