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Media & Comm, most read: Viacom plans OTT offering; YouTube TV raising price

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Media & Comm, most read: Viacom plans OTT offering; YouTube TV raising price

Here are the most read stories of the week.

MarketWeek: Snap shares get post-earnings boost; Viacom unveils plans for OTT offering

During one of the most volatile weeks for the stock market in U.S. history, a rash of earnings reports and M&A chatter drove movement in several major entertainment, social media and communications companies. Social media giants Snap Inc. and Twitter Inc. posted record gains after decidedly beating Wall Street estimates for their most recent quarters.

Report: Comcast mulls reviving Fox bid

Comcast Corp. may resurrect its bid for 21st Century Fox Inc. after losing to Walt Disney Co., The Wall Street Journal reported, citing sources familiar with the situation. Disney agreed to acquire Fox's assets for about $52.4 billion in stock in December 2017, but Comcast reportedly offered a higher amount for Fox's assets, which lands in the low $60 billion range.

Fox president prefers sale to Disney over Comcast

Fox President Peter Rice said he prefers to sell the majority of the company to Disney, despite Comcast's renewed interest in striking a deal, Variety reported. Rice, who is also chairman of Fox Networks Group, said Fox's assets would be a "great fit" for Disney, although he admitted that the assets would complement both Disney and Comcast.

European telecoms industry weighs value of betting big on content

Telecoms giants' push into media has ushered in a wave of new content deals. As operators scoop up exclusive sports rights and build vast portfolios of broadcast content, a debate is brewing in Europe over its impact on their bottom line.

YouTube TV raises price for new subs, adds new channels

Less than a year after launching YouTube TV, Google Inc. is increasing the price of its online service for new customers to $40 per month from $35 per month. The price will remain $35 per month for existing customers or those who sign up before March 13, the company said in an official blog post, adding that YouTube TV is also expanding to all top 100 U.S. markets.