FCC Approves Paramount Stake Sale to Saudi Arabia, UAE, and Qatar

·1 views

The Federal Communications Commission has greenlit the sale of a 49.5% equity stake in Paramount to investors from Saudi Arabia, the UAE, and Qatar. The decision came despite concerns raised about the influence repressive governments could gain over a major US media company. Paramount is the parent company of CBS, one of America's largest broadcast networks. The FCC dismissed objections related to foreign government influence in approving the deal.

Read the full story at Ars Technica

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Anthropic’s first embedded evaluator is … Accenture?

Accenture is about to take on its most high-risk consulting engagement ever.

0 comments Read more at TechCrunch

TechnologyThe Verge ·

Court Docs Show OpenAI and Microsoft Feared Web 'Doom Loop' From AI Training

Newly unsealed court documents from the New York Times' lawsuit against OpenAI and Microsoft reveal the companies had internal concerns about their AI data practices. Their own documentation allegedly described the scraping of web data to train AI models as the 'largest theft of labor in human history' and a 'complete mockery of fair use.' Many of the striking internal quotes are attributed to Microsoft's Director of Applied Science, Brent Hecht. Microsoft has since sought to distance itself from Hecht's statements, with a company spokesperson responding to the claims. The documents suggest both firms were aware their practices could cause significant harm to the broader web ecosystem.

0 comments Read more at The Verge

TechnologyTechCrunch ·

Automattic Appoints Interim CFO Amid Recent Executive Departures

Automattic has named Jeremy Klaperman as its interim Chief Financial Officer following recent departures among its senior leadership. Klaperman currently serves as CFO of WordPress VIP, the company's enterprise business unit. His appointment is a temporary measure while the company navigates its executive transition. No timeline has been announced for a permanent CFO hire.

0 comments Read more at TechCrunch

TechnologyTechCrunch ·

Y Combinator-backed Angle Health reaches $2.7B valuation serving small businesses

Angle Health, a health insurance technology startup and Y Combinator alumnus, has achieved a valuation of $2.7 billion. The company specializes in offering level-funded health insurance plans tailored for small businesses. Angle Health has grown its customer base to 5,000 clients since its founding. The startup has also reached profitability, marking a significant milestone in its growth trajectory.

0 comments Read more at TechCrunch