Recent actions by Apollo Global Management Inc. have generated significant interest among investment analysts and industry experts. The alternative investment firm, headquartered in New York, is considering a departure from the broadcast television and radio sector, seeking assistance from investment firm Moelis & Co. for the potential sale of its subsidiary, Cox Media Group. This shift opens up exciting possibilities for stakeholders in the media landscape.
The Canadian regulator has announced a new tax for Google $GOOGL to cover the costs of complying with a law that requires large internet platforms to pay for news content. This decision comes amid heightened tensions between Canada and the United States over trade and digital service taxes for American tech companies.
Recent developments in the French media industry demonstrate a shift in strategy regarding compensation for the use of journalistic content on digital platforms. Les Echos-Le Parisien, part of the LVMH group $MC.PA, has decided not to participate in the lawsuit against the social media platform X—a case initially intended to secure payments for content usage. This move is particularly significant amid ongoing legal disputes between French media outlets and X’s owner, Elon Musk.
