Here are the most read stories of the week.
Disney-Fox combination sparks fears of layoffs in Hollywood
A marriage between the movie studios of Walt Disney Co. and 21st Century Fox Inc. could have negative impacts on employment and content diversity in the tightly knit film industry, according to some industry insiders. After the deal, the Big 6 Hollywood studios would become the Big 5: Time Warner Inc.'s Warner Bros., Viacom Inc.'s Paramount Pictures, Comcast Corp.'s Universal Pictures, Sony Corp.'s Sony Pictures and Disney.
Q&A: Investec exec: TMT sector to brace for M&A windfall in 2018
S&P Global Market Intelligence spoke with Christian Hess, head of the financial sponsor transaction group at international specialist banking and asset management group Investec, to discuss the private equity outlook for the TMT sector in 2018.
Report: AT&T cuts DIRECTV jobs
AT&T Inc. laid off more than 700 DIRECTV home installers across "all states from Florida to California," The New York Post reported Dec. 18, citing one of the affected employees. In a statement, an AT&T spokesman said the company is working to align its workforce with the changing needs of the business and the move includes some premises technician jobs.
Skipper's ESPN successor to inherit operational, distribution, digital changes
The sudden exit by ESPN Inc. President John Skipper comes as the sports programmer prepares to launch a direct-to-consumer service, faces negotiations with legacy distributors and looks ahead to a Fox integration. Skipper became president of ESPN and co-chairman of Disney Media Networks in January 2012. During his tenure leading the sports-media company, he secured renewals with the NBA, MLB and college sports conferences that boosted ESPN's portfolio, continued platform diversification efforts and championed journalism and news.
Fox deal fits well strategically, financially for Disney, analyst says
UBS analyst John Hodulik believes Walt Disney's deal for 21st Century Fox strengthens its asset base and fits well both strategically and financially, TheFly.com reported Dec. 18. The analyst maintained his "buy" rating and $122 price target on Disney.