In April, Paramount Pictures walked away from a deal to air its movies on pay-TV channel Showtime. Instead, it announced a plan to start up a rival channel with two other longtime Showtime suppliers, MGM and Lionsgate.
To the uninitiated, that might have appeared a nugget of passing interest, as in: Great, another movie channel ...
I guess.
Ofcom expresses pay TV concerns
The UK media watchdog, Ofcom, highlights possible concerns over competition within the pay TV sector.
Crisis fears hit European shares
European shares fall amid increasing concerns over the state of the world's economy, mirroring a similar decline on Wall Street.
US factory output plummets again
US manufacturing activity fell in November to a fresh 26-year low, the latest figures from the Institute for Supply Management show.
Red Monday on Wall Street
Stocks plunged Monday, starting a new month on a bad foot, as dismal manufacturing reports worldwide added to fears of a prolonged recession.
BayernLB will cut staff by 5,000
Bayern Landesbank confirms it will be cutting 5,600 of its 19,000 jobs globally, more than a quarter of its workforce.
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