Rogers sells flagship magazines Maclean’s, Chatelaine in deal with St. Joseph

Rogers sells flagship magazines Maclean’s, Chatelaine in deal with St. Joseph
TORONTO — Rogers Media has reached a deal to sell its seven consumer print and digital publications, including Maclean’s and Chatelaine, to St. Joseph Communications. They say all current employees of Rogers Media Publishing will be offered jobs through the deal, which is expected to close next month. However, financial terms of the agreement were not immediately disclosed. The transaction... Read More

EU fines Google 1.49 billion euros in advertising case

EU fines Google 1.49 billion euros in advertising case
BRUSSELS — European Union regulators have hit Google with a 1.49 billion euro ($1.68 billion) fine for abusing its dominant role in online advertising. The EU’s competition commissioner, Margrethe Vestager, announced the results of the long-running probe of Google’s AdSense advertising business case at a news conference in Brussels on Wednesday. It’s the third time the commission has slapped Google... Read More

Disney closes $71B deal for Fox entertainment assets

Disney closes $71B deal for Fox entertainment assets
Disney has closed its $71 billion acquisition of Fox’s entertainment business, putting “Cinderella,” ”The Simpsons,” ”Star Wars” and “Spider-Man” under one corporate roof. The deal is likely to shake up the media landscape. Among other things, it paves the way for Disney to launch its streaming service, Disney Plus, due out later this year. By buying the studios behind “The... Read More

Wells Fargo agrees to pay $800K in Schilling video game deal

Wells Fargo agrees to pay $800K in Schilling video game deal
PROVIDENCE, R.I. — Wells Fargo Securities has agreed to pay an $800,000 civil penalty to settle a U.S. Securities and Exchange Commission lawsuit over Rhode Island’s failed $75 million deal with former Boston Red Sox pitcher Curt Schilling’s video game company. Wells Fargo and the SEC announced the proposed settlement in filings Monday with the U.S. District Court in Providence.... Read More

Media industry anxious for news in budget on federal plan to support journalism

Media industry anxious for news in budget on federal plan to support journalism
OTTAWA — The Trudeau government is due to deliver an update to its plan to support journalism in next week’s budget but Ottawa’s recent silence on the file has stoked concerns in the media industry that a lifeline is taking too long to arrive. Last fall, the federal Liberals announced new tax credits and incentives, worth $595 million over the next five years, to support the struggling news industry.... Read More

Quebecor Q4 profit rises to $116.8 million; adjusted earnings above estimates

Quebecor Q4 profit rises to $116.8 million; adjusted earnings above estimates
MONTREAL — Quebecor Inc. says its net income attributable to shareholders in the fourth quarter of 2018 was $116.8 million, up from $70.4 million in the year-earlier period. The profit amounted to 46 cents per basic share, up from 29 cents per basic share in the fourth quarter of 2017. Adjusted income from continuing operations was $132.7 million, or 52 cents per basic share,... Read More

TV stars and coaches charged in college bribery scheme

TV stars and coaches charged in college bribery scheme
BOSTON — Hollywood actresses Felicity Huffman and Lori Loughlin were charged along with nearly 50 other people Tuesday in a scheme in which wealthy parents bribed college coaches and insiders at testing centres to get their children into some of the most elite schools in the country, federal prosecutors said. Authorities called it the biggest college admissions scam ever prosecuted... Read More

Growing trend of solo living creating opportunities for businesses

Growing trend of solo living creating opportunities for businesses
TORONTO — One of the fastest-growing demographics in Canada and around the world has long been ignored by mainstream businesses and politicians, but that may be about to change. “Society is geared towards families,” says Jean-Pierre Bissonnette, a 52-year-old single medical physicist at the Princess Margaret Hospital who counts himself as part of a growing cohort of people who choose to live... Read More

5 tips on avoiding big medical bills on vacation; pre-existing condition a risk

5 tips on avoiding big medical bills on vacation; pre-existing condition a risk
TORONTO — Many Canadians are gearing up to fly to warmer climes as the March break holiday approaches, but some may return home with hefty medical bills if they don’t read the fine print on their travel insurance policy. One key element that can lead to your insurance claim being denied is an existing medical issue, or what’s known as a pre-existing... Read More

Spin Master reports earnings drop as it feels impact of U.S. toy store closures

Spin Master reports earnings drop as it feels impact of U.S. toy store closures
TORONTO — Spin Master Corp. says recent earnings have been hit by the impact of the Toys R Us liquidation in the U.S. and it expects the retail disruption to continue into the first half of this year. The Toronto-based toy and entertainment company says net income for the fourth quarter was US$11.4 million or 11 diluted cents per share, down... Read More