RUMOR MILL
Monday, November 28, 2016
BRONFMAN IN A BUYING MOOD AGAIN
Edgar Bronfman Jr. has teamed with none other than fellow billionaire Len Blavatnik on a bid to buy Time Inc. at $18 a share, but the Time board is said to have rejected the bid, the New York Post reported Monday morning. Israeli businessman Ynon Kreiz is also reportedly part of the bidding group.
Blavatnik, you’ll recall, bought Warner Music Group from Bronfman for $3.3 billion in 2011.
Time Inc., which was spun off from Time Warner in 2015, is saddled with $1.5b in debt. The company’s magazine portfolio includes People, Time, Sports Illustrated and In Style.
HIPGNOSIS BOARD APPROVES UPPED BLACKSTONE BID
But it ain't over till it's over. (4/29a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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JAMES KING: THE HITS INTERVIEW (PART ONE)rumor mail
