Alden Global Capital Buys The San Diego Union-Tribune
Hedge fund Alden Global Capital has bought the San Diego Union-Tribune for an undisclosed sum.
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Five on Friday: Shopping, Shuttering and Cell Phones
TikTok launches music subscription, QVC and HSN launch on Freevee, Minna Technologies releases subscription report.
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New York Times Shutters Sports Desk, The Athletic Takes Over
Eighteen months after acquiring The Athletic, The New York Times shutters its sports desk, replacing it with The Athletic.
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Microsoft Prevails Against FTC in $69B Acquisition of Activision Blizzard
A federal judge denied the FTC’s request for a preliminary injunction against Microsoft for the Activision Blizzard deal, dismissing the case.
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Spotify Stops Accepting Subscription Payments Via Apple
Spotify stops accepting subscription payments via Apple. Legacy subscribers will convert to free, ad-supported listeners until they update their payment method.
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Wellful Buys Jenny Craig, Will Relaunch This Fall
Wellful announced their acquisition of Jenny Craig, which will relaunch this fall as a direct-to-consumer brand.
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Weekly Subscription News: Growing, Limiting and Unloading
Snapchat+ grows to 4M paid subscribers, Musk puts new limits on tweets, and ByteDance will become a publisher.
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Regulatory Spotlight: Amazon, Part 2
The FTC, CMA and European Commission investigate Amazon for claims including anticompetitive behavior.
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Five on Friday: Entrances, Experiments and Ecommerce
Meta experiments with an app store in the EU, TikTok expands ecommerce, NBCUniversal adds more FAST channels.
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Meta’s Twitter Rival, Threads, Hit 30M Users Already
Meta launched its own Twitter rival, Threads, on Wednesday. In 24 hours, the social media app had 30M users.
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