America’s wealthiest families held an astounding $8.5 trillion in untaxed profits in 2022. According to a report from the nonprofit Americans for Tax Fairness, which analyzed Federal Reserve data, “one in every six dollars (18 percent of the nation’s unrealized gains is held by these roughly 64,000 ultra-wealthy households, who make up less than 0.05 percent of the population.” The report comes as the Supreme Court gears up to decide a case that could preemptively block any efforts to tax the wealth of billionaires.
The data looks at “quiet” income generated by “centi-millionaires,...
The data looks at “quiet” income generated by “centi-millionaires,...
- 1/5/2024
- by Nikki McCann Ramirez
- Rollingstone.com
Shares of media-measurement kingpin Nielsen Holdings Plc surged more than 40% Monday after The Wall Street Journal reported the company had started talks with a group of private-equity firms, including Elliott Management Corp., for a sale that could be valued at approximately $15 billion, including debt.
Elliott Management has a reputation for pressing for big changes at the companies in which it invests, and has in the past called for different management of companies including Barnes & Noble. Interpublic Group and AT&T. In 2019, Elliott, founded by billionaire Paul Singer, told the telecommunications giant its acquisition of the company once known as Time Warner as well as satellite distributor DirecTV had “eroded AT&T’s business focus and shareholder value.” Elliott in 2018 prodded Nielsen to put itself up for sale, citing the price of its stock.
“As a matter of company policy, Nielsen does not comment on market rumors or speculation,” said Connie Kim,...
Elliott Management has a reputation for pressing for big changes at the companies in which it invests, and has in the past called for different management of companies including Barnes & Noble. Interpublic Group and AT&T. In 2019, Elliott, founded by billionaire Paul Singer, told the telecommunications giant its acquisition of the company once known as Time Warner as well as satellite distributor DirecTV had “eroded AT&T’s business focus and shareholder value.” Elliott in 2018 prodded Nielsen to put itself up for sale, citing the price of its stock.
“As a matter of company policy, Nielsen does not comment on market rumors or speculation,” said Connie Kim,...
- 3/14/2022
- by Brian Steinberg
- Variety Film + TV
Lionsgate Vice Chairman Michael Burns acknowledged that the company’s “stock is on its butt” and several M&a scenarios are again in play, but he also made a firm case for the company’s viability as is.
The executive made the remarks at the Bank of America Merrill Lynch Communications & Entertainment Conference in La.
Starz, which Lionsgate bought for $4.4 billion in 2016, is the subject of a lot of speculation. Lionsgate held talks last spring with CBS about unloading the premium network, but the negotiations fell apart over price. Burns referred to Starz as a “misunderstood asset” but a “very complementary one” to the rest of the portfolio.
If Lionsgate sold Starz outright, Burns said later in the discussion, “then we would be a pure-play studio. … We’d have more money in cash on our balance sheet than our current stock price. And no debt. But then, what are we?...
The executive made the remarks at the Bank of America Merrill Lynch Communications & Entertainment Conference in La.
Starz, which Lionsgate bought for $4.4 billion in 2016, is the subject of a lot of speculation. Lionsgate held talks last spring with CBS about unloading the premium network, but the negotiations fell apart over price. Burns referred to Starz as a “misunderstood asset” but a “very complementary one” to the rest of the portfolio.
If Lionsgate sold Starz outright, Burns said later in the discussion, “then we would be a pure-play studio. … We’d have more money in cash on our balance sheet than our current stock price. And no debt. But then, what are we?...
- 9/12/2019
- by Dade Hayes
- Deadline Film + TV
Activist shareholder Elliott Management, which has pressed for big changes at companies including Barnes & Noble and Interpublic Group, said Monday it had taken a stake valued at $3.2 billion in the shares of telecommunication giant AT&T, and urged the company to focus more intently on its operations after a series of big acquisitions and missed opportunties have, in Elliott’s words, “eroded AT&T’s business focus and shareholder value.”
AT&T is grappling with subscriber losses at satellite-distributor DirecTV, which it acquired for $49 billion in 2016 and working to reduce debt after buying the former Time Warner for $85 billion last year.
“What has attracted our attention, as well as the attention of other shareholders – from large institutions to individual AT&T employees – has been the prolonged and substantial underperformance of AT&T as an investment relative to its potential,” Elliott wrote in a letter sent to AT&T Monday. “Over the past ten years,...
AT&T is grappling with subscriber losses at satellite-distributor DirecTV, which it acquired for $49 billion in 2016 and working to reduce debt after buying the former Time Warner for $85 billion last year.
“What has attracted our attention, as well as the attention of other shareholders – from large institutions to individual AT&T employees – has been the prolonged and substantial underperformance of AT&T as an investment relative to its potential,” Elliott wrote in a letter sent to AT&T Monday. “Over the past ten years,...
- 9/9/2019
- by Brian Steinberg
- Variety Film + TV
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.