Here are the most read stories of the week.
Media General unit withdraws change-of-control offer
Media General Inc.-owned LIN Television Corp. withdrew its change-of-control offer that was scheduled to expire at 11:59 p.m. ET on Dec. 30 saying that a condition set forth in the offer could not be satisfied within a stipulated time period. The change-of-control offer was regarding the cash purchase of any and all of LIN's outstanding 5.875% senior notes due 2022 issued by LIN at a purchase price of 101% of the principal amount of the notes plus accrued and unpaid interest, if any, to the date of purchase.
Former Viacom CEO Philippe Dauman made $93M in fiscal 2016
Former Viacom Inc. CEO Philippe Dauman received about $93.0 million in fiscal-2016 total compensation, including $3.6 million in salary, $13.8 million in stock awards, $7.5 million in option awards and $9.7 million in nonequity incentive plan compensation.
Hulu to stream Disney movies
Hulu LLC signed an exclusive rights deal to stream Walt Disney Co. movies on its platform, Broadcasting & Cable reported.
Snap buys AR startup
Snap Inc. acquired Israeli startup Cimagine for $30 million to $40 million, TechCrunch.com reported, citing Israeli outlet Calcalist News. Cimagine's augmented reality platform allows users to instantly visualize products they want to buy in their intended location.
Sprint to create 5,000 jobs in US
Sprint Corp. will "create or bring back" 5,000 jobs to the U.S. by the end of its fiscal-year 2017. The carrier on Dec. 28 said the jobs will support a variety of functions across the organization, including its customer care and sales teams.