London-based hedge fund, Silchester International Investors LLP, has recently acquired a significant 5% stake in ITV, the U.K.'s largest commercial television broadcaster. The purchase comes at a time when the broadcaster is grappling with a decline in the advertising market, resulting in a slump in its share price over the past year. According to regulatory filings, Silchester … [Read more...] about Hedge Fund Takes 5% Stake in ITV, Shares Fall Amid Advertising Slump
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NASCAR Announces Seven-Year Media-Rights Deal
Introduction NASCAR announced a significant seven-year media-rights deal with Fox Sports, NBC Sports, Amazon's Prime Video, and Warner Bros. Discovery's TNT Sports, starting in 2025. Notably, this deal will include the exclusive livestreaming of top-tier races for the first time. While the financial terms were not disclosed, Sports Business Journal reported the deal to be worth … [Read more...] about NASCAR Announces Seven-Year Media-Rights Deal
