Renae Merle and Thomas Heath, The Washington Post Published 9:41 am PST, Friday, December 14, 2018 As legacy news companies suffered tremors over the past decade, money from venture capitalists poured into upstarts that promised to leverage a keener understanding online reading habits to create a giant-killing class of new media ventures. Today, the money is starting to dry up. Big ambitions have been downsized. And the tremors that continue to shake many newspapers are now moving through new-media companies. Among those facing headwinds are BuzzFeed, Vox and Vice. Another one, Mic, last week abruptly laid off most of its staff -- and the company that a year ago was valued at $100 million garnered a fire-sale offer of $5 million for its remnants. The numbers tell the story: Investors closed 27 deals worth about $206 million in 2014, but are on track to close just 19 such deals worth $130 million this year, according to PitchBook, a private capital market data provider. … [Read more...] about New media hits stumbling block, scaring away some investors
Investors
Investors Have Nowhere to Hide as Stocks, Bonds and Commodities All Tumble
Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Subscribe Log In Today’s Paper Business | Investors Have Nowhere to Hide as Stocks, Bonds and Commodities All Tumble Supported by ByMatt Phillips Dec. 15, 2018 Stocks? Messy. Bonds? Meh. Commodities? Not pretty. Most years, financial markets are a mixed bag. A bad year for risky investments, like stocks, might be a great one for safe bets like government bonds. Or, if worries about inflation are hurting bond investments, commodities like gold tend to do well. Not this year. For the first time in decades, every major type of investment has fared poorly, as the outlook for economic growth and corporate profits is dampened by rising trade tensions and interest rates. Stocks around the world are getting pummeled, while commodities and bonds are tumbling — all of which have left investors with few places to put their money. If … [Read more...] about Investors Have Nowhere to Hide as Stocks, Bonds and Commodities All Tumble
Korean investors seek assurances
South Korean investors are seeking further funding opportunities in Vietnam’s capital market and are keen to dive in, providing the country further strengthens existing legal frameworks in order to support an efficient capital market. South Korean investors are encouraged by commitments to improve the funding process , Photo: Dung Minh During a recent forum held by South Korean-backed law firm Lee & Ko, minister-counsellor of the Embassy of the Republic of Korea in Vietnam Lee Chul noted that various financial and credit organisations within South Korea have optimism on the growth of the local economy and its financial market. “Some of them are now seeking additional opportunities to expand their investments across sectors such as banking and insurance,” he said. Referring to an investment forum held in Seoul last year, vice chairman of the State Securities Commission Pham Hong Son said he had witnessed a “great deal of interest” from … [Read more...] about Korean investors seek assurances
Market report: GVC rallies as investors bet on vote to save the company £676m
GVC’s strongest surge in three years pushed it to the top of the FTSE 100 risers’ board as investors put bets on the gambling giant ahead of a vote in Parliament that will save it £676m. While MPs are expected to slash the maximum stake on fixed-odds betting terminals (FOBT) to just £2 early next week, GVC will avoid paying hundreds of millions to Ladbrokes Coral shareholders if the legislation is approved. GVC’s swoop on its rival was finalised before the Government decided to cut the stake on the “crack cocaine” of gambling. Ladbrokes investors were given “contingent value rights”, which would be valued on the final FOBT decision. However, GVC will pay nothing extra to the shareholders if the... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access one … [Read more...] about Market report: GVC rallies as investors bet on vote to save the company £676m
Top Mears Group investor wants chair appointed swiftly
LONDON (Reuters) - Activist investor Shareholder Value Management has called on Mears Group <MERG.L> to move swiftly to appoint a new chairman or it will call a fresh extraordinary general meeting, a letter to the company seen by Reuters showed.The move is the latest in a long-running attempt by the German-based fund, Mears Group's third-biggest investor, to push through a board change at the social housing maintenance and repair services provider. gi After SVM called for the previous chair, Bob Holt, to be replaced, he said he would not stand for reelection. SVM then called an EGM to try and get its candidate, Andy Hogarth, elected to the board.Mears Group initially refused to put Hogarth's election to shareholders, before pledging to consider SVM's plans, prompting SVM to withdraw its EGM. On July 24, Mears said a new chair would be appointed before end-October.In a letter to Mears Group's Senior Independent Director Julia Unwin dated Dec. 13, however, SVM investment director … [Read more...] about Top Mears Group investor wants chair appointed swiftly