Nakednews.com- News off the Top
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Hello, everyone, and welcome to Naked News One of the US_s most iconic magazine publishers - we_re talking Time magazine, Forbes, People and Sports Illustrated - just got sold Eila_s in the newsroom with the details. This is a pretty big deal isn_t it?It is actually Some of the most popular magazines in the US are involved and the fact that it was sold doesn_t bode well for the industry.Like many others, I_m assuming falling advertising revenue was behind the decision? Exactly, people just aren_t buying magazines like they used to. Anyway, the deal is done, and I_ve got the details, welcome to the newsroom everyone Meredith Corporation will be buying Time Incorporated in a massive deal that values the company at TWO-POINT-EIGHT BILLION dollars In addition to its namesake magazine, Time Inc. also publishes People, Sports Illustrated, Entertainment Weekly and Fortune. Meredith_s acquisition of Time is being backed by those infamously activist conservative billionaires, the Koch Brothers Looks like Donald Trump is still in the running for Time_s Person of the Year after all Bitcoin is the world_s foremost digital currency, and it just added another digit For the first time ever, the value of a Bitcoin crossed the TEN-THOUSAND DOLLAR barrier on Monday It_s worthy to note that back in January, a Bitcoin was worth LESS THAN A THOUSAND and in 2010, a single bitcoin was worth 8 cents. Many anylysts believe that bitcoins growth in popularity is due to lack of external regulation and control from big banks. We_ll definitely keep an eye on it. And if Harvey Weinstein thought the worst was behind him, a new lawsuit has no doubt shattered that illusion A British actress is suing the disgraced producer for forcing her into sexual acts, but is also suing the Weinstein Company for sex trafficking According to the suit, the company benefited from sending Weinstein to foreign countries to entice female actresses into sex acts in exchange for acting work If this legal tactic works, it means Weinstein could be subject to claims within the U.S. for things that happened overseas Stay tuned for MORE, Naked News
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Duration : 00:03:04
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