The venerable magazine's parent company has filed for bankruptcy protection for the second time in less than four years. RDA Holding says it plans to emerge from Chapter 11 in less than six months. The magazine will continue to be published during the period.
A system of favors among Greek media outlets, politicians and banks helped produce one of the most inflated media sectors in Europe. But the media have been hard hit by the country's massive austerity drive, and taken a huge loss in terms of credibility.
After The New York Times published a scathing review of Tesla's Model S electric car, the automaker's CEO took to Twitter to slam the reporter. Disputed facts aside, the timing of the spat could hurt Tesla, which is under pressure to improve its financial performance.
Comcast Corp. said Tuesday it will complete its buyout of NBCUniversal from GE for about $16.7 billion, ahead of schedule. Comcast, the nation's largest cable company, has owned 51 percent of NBCUniversal since their $28 billion merger in 2011.
The hype surrounding major storms follows a predictable pattern — plenty of buildup and panic before it peaks, plateaus and peters out. Could this kind of hype cycle have consequences for storm victims?
The Weather Channel has granted itself naming rights for winter storms, calling the current nor'easter Nemo. While many meteorologists gripe that it's just a marketing gimmick, others think it might help people focus on severe weather and plan accordingly.
It's a fake story from The Onion with a doctored photo showing Energy Secretary Steven Chu in bed with a solar panel. Chu played along. On Facebook, he said he wouldn't confirm or deny the charges, but clarified his stepping down is unrelated.
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