buyouts

Comcast to Buy Out Time Warner Cable [Updated]

In a tweet heard ‘round the cable universe, CNBC’s David Faber on Wednesday night said that multiple sources have told him that Comcast is preparing to make a formal overture to take full control of Time Warner Cable. Hours later, both sides confirmed the news.

WSJ Offers Buyouts to Staff

Buyouts have been offered to employees of The Wall Street Journal and DowJones Newswires, Romenesko reported, citing a tip from an anonymous Journal staffer.

New York Times Offers Newsroom Buyouts

The New York Times is attempting to save costs by implementing another round of newsroom staff cuts. According to a memo sent by executive editor Jill Abramson this morning, the newspaper is looking for 30 buyouts among newsroom staff.