Top News
* Meredith Corp. agreed to buy Time Inc. in an all-cash transaction valued at $2.8 billion. The U.S.-based media conglomerate agreed to pay $18.50 per share for the New York-based publisher of the TIME magazine, the company said.
* Netflix Inc. has further delayed the "House of Cards" production amid ongoing investigation into sexual harassment allegations against former series star Kevin Spacey, Variety reports. Producers are currently working to remove Spacey's character from the sixth season of the show, and its potential spinoff. The actor was suspended from the production Nov. 3.
Technology
* Canadian citizen Karim Baratov, who was charged of helping the Russian intelligence agents of hacking into Yahoo's emails accounts in 2014, will plead guilty in the U.S., Reuters reports, citing court records. Baratov is expected to appear in a federal court in San Francisco on Tuesday for the plea hearing. Baratov was arrested in Canada in March.
* A transparency body in Mexico is looking to determine how many users and drivers were affected by the recently disclosed data breach by Uber Technologies Inc., Reuters reports. The National Institute of Transparency, Access to Information and Protection of Personal Data said it will also ask Uber to explain the steps it is taking to prevent such incidents from happening again.
Internet & OTT
* Hulu LLC entered into a foreign-language content agreement with StudioCanal, Deadline.com reports. The deal covers "Below The Surface," "Midnight Sun" and "Trust Me" shows from the international distributor.
* Netflix struck a deal to bring its first mainstream production from India exclusively to the streaming platform. Produced by Bollywood veteran Ronnie Screwvala's new production company RSVP, the romantic comedy "Love Per Square Foot" will become available on Netflix in early 2018, the company said.
Film
* Walt Disney Co.'s "Coco" topped the domestic box office for the Nov. 26 weekend with $49 million, followed by Warner Bros.' "Justice League" at No. 2 with $40.7 million and Lions Gate Entertainment Corp.'s "Wonder" at the third spot with $22.3 million, according to comScore Inc. Disney's "Thor: Ragnarok" took the fourth spot with $16.8 million and Paramount's "Daddy's Home 2" was No. 5 with $13.2 million.
The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, the Hang Seng was down 0.60% to 29,686.19. The Nikkei 225 lost 0.24% to 22,495.99. In Europe as of midday, the FTSE 100 climbed 0.27% to 7,429.64, and the Euronext 100 was up 0.22% to 1,044.02.
On the macro front
The new home sales report, and the Dallas Fed manufacturing survey are due out today.
Featured news
The Daily Dose Europe: Uber to appeal UK employment ruling; Russia approves Uber, Yandex merger: Uber plans to appeal a British tribunal's ruling that its drivers are entitled to workers' rights, while a merger of the company's Russian ride-sharing business with that of Yandex LLC has been approved by Russia's Federal Antimonopoly Service.
The Daily Dose Asia-Pacific: Apple offices raided in South Korea; Pakistan blocked social media amid unrest: South Korean authorities reportedly raided Apple Inc.'s headquarters in the country, while Pakistan's telecom watchdog restored access to social media and video-sharing websites that were blocked for over a day due to protests.
The Best Of: Media & Comm, editor's picks: AT&T/Time Warner suit; new 'Golic and Wingo' show: Stories about the DOJ's lawsuit to block the AT&T Inc./Time Warner Inc. deal and donations by media and communications entrepreneurs for charitable causes are among the media and communications editor's top five picks for the week ended Nov. 24.
The Best Of: Media & Comm, most read: DOJ's AT&T/Time Warner suit; FCC's net neutrality plans: Stories about the U.S. Department of Justice's lawsuit to block the AT&T/Time Warner transaction and the FCC chairman's plan to overhaul net neutrality regulations are included in the most read stories for the week ended Nov. 24.
Netflix boosts South Korean film slate; India's ALTBalaji seeks foreign partners: Netflix struck deals to globally distribute four South Korean films, while ALTBalaji is eyeing distribution and billing partnerships with domestic and foreign telecom operators.
The Daily Dose is updated as of 7 a.m. ET. Some external links may require a subscription.
