Topic: Media Sector

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Facebook IPO: Six key dates in its debacle

Facebook's first week as a publicly traded company will go down as a terribly botched corporate launch, perhaps one of the worst in recent history for such a highly visible entity. Eight days ago, it was the tech world's most highly anticipated initial public offering in eight years. Now, the social media company faces mounting legal woes and serves as an embarrassing example of how not to run an IPO. Despite rising insider pessimism about its growth prospects, Facebook kept boosting its asking price and the number of shares it would sell. The result: billions of dollars in losses; investigations by two congressional committees, the Securities and Exchange Commission (SEC), an industry watchdog, and the state of Massachusetts; at least 13 class-action lawsuits; and thousands of resentful shareholders who days later still were unsure how many Facebook shares they had or at what price. Here are six key dates in Facebook's unfolding IPO disaster.
Bestselling books the week of 5/24/12, according to IndieBound*

What's selling best in independent bookstores across America.
Top 10 most expensive car repair mistakes

Better built cars and an uncertain economy mean that Americans are holding onto their cars for longer than ever and are doing more of their own repairs. Nearly half of those who already do their own auto repairs say they are doing more of them themselves this year; 3 in 4 of those who rely on a mechanic say that economic conditions are making them more likely to attempt their own repairs, according to a recent survey by AutoMD.com. But there are mistakes that even the most seasoned do-it-yourselfers can make. Whether you like to go under the hood or take your vehicle to the shop, here are 10 expensive repair and maintenance mistakes to avoid:
Facebook stock: 6 intriguing investors

Facebook stock will make many people suddenly wealthy when it begins trading this Friday. The company is expected to be valued somewhere around $100 billion, with stock expected to sell anywhere between $34 and $38 per share. Here are six of the more unexpected people set to make a killing with initial public offering of Facebook stock, including a rock star, a graffiti artist, and pair of Mark Zuckerberg’s enemies.
Free Comic Book Day: 5 things you need to know

Whether you're a comic book devotee or don't know the Fantastic Four from the Avengers, here are 5 things you need to know about the upcoming Free Comic Book Day.

All Content

How 'Hatfields and McCoys' became cable's biggest-ever hit

The History Channel miniseries 'Hatfields and McCoys' is the most-watched non-sports show ever on cable. Yes, it's violent and vulgar, but it's also good, movie-style entertainment, critics say.
Facebook IPO: Six key dates in its debacle

Facebook's first week as a publicly traded company will go down as a terribly botched corporate launch, perhaps one of the worst in recent history for such a highly visible entity. Eight days ago, it was the tech world's most highly anticipated initial public offering in eight years. Now, the social media company faces mounting legal woes and serves as an embarrassing example of how not to run an IPO. Despite rising insider pessimism about its growth prospects, Facebook kept boosting its asking price and the number of shares it would sell. The result: billions of dollars in losses; investigations by two congressional committees, the Securities and Exchange Commission (SEC), an industry watchdog, and the state of Massachusetts; at least 13 class-action lawsuits; and thousands of resentful shareholders who days later still were unsure how many Facebook shares they had or at what price. Here are six key dates in Facebook's unfolding IPO disaster.
Change Agent
Community radio cuts disaster risk in flood-prone Bangladesh

Radio stations that broadcast in local dialects along Bangladesh’s coast warn residents about storms and help farmers cope with erratic weather.
Bestselling books the week of 5/24/12, according to IndieBound*

What's selling best in independent bookstores across America.
Big-screen blockbuster: Chinese conglomerate gobbles up AMC chain

In what some are calling a $2.6 billion prestige play, China's big fish Wanda is swallowing AMC to create the world's largest theater chain despite the steady decline in the US industry.
Facebook stock falls 11 percent in second trading day

Facebook shares close down $4.20 in Monday trading. Facebook stock dropped so much Monday morning that 'circuit breakers' kicked in to restrict sell orders.
Top 10 most expensive car repair mistakes

Better built cars and an uncertain economy mean that Americans are holding onto their cars for longer than ever and are doing more of their own repairs. Nearly half of those who already do their own auto repairs say they are doing more of them themselves this year; 3 in 4 of those who rely on a mechanic say that economic conditions are making them more likely to attempt their own repairs, according to a recent survey by AutoMD.com. But there are mistakes that even the most seasoned do-it-yourselfers can make. Whether you like to go under the hood or take your vehicle to the shop, here are 10 expensive repair and maintenance mistakes to avoid:
Mark Zuckerberg: Facebook status updated to 'married' (+video)

Facebook CEO Mark Zuckerberg married long-time girlfriend Priscilla Chan Saturday in a small, surprise wedding. Less than 100 guests arrived at Zuckerberg's home for what they would be a party to celebrate Chan's graduation from medical school. Zuckerberg did not wear a hoodie.
Tech stocks exchange to change IPO auctions after Facebook glitches

Tech stocks IPO auctions will be revamped, Nasdaq CEO says, after delays plagued Facebook's first day of trading. SEC investigating to see if delays hurt trading in the tech stock's underwhelming IPO.
The New Economy
Facebook IPO? Flat. Facebook future? Bright.

Facebook IPO generated no big stock gains on its first day of trading. But Facebook has many of the traits that made Apple, Microsoft, and Google great in the long run.  
Are celebrity judges ruining American Idol and other talent shows?

Killing the Golden Goose? By relying on Jennifer Lopez (American Idol) and Britney Spears (The X Factor), are talent shows putting celebrities ahead of discovering new talent?
Superheroes arrive to rescue ... Hollywood?

Box office analysts say 'The Avengers' is only the beginning of potential blockbusters for the summer season.
Facebook to debut at $104 billion

The IPO will be one of the largest in history.
Decoder Wire
Facebook IPO: Is co-founder Saverin cheating US out of $100 million in taxes?

By renouncing his US citizenship, Facebook co-founder Eduardo Saverin could save some $100 million in taxes from Friday's Facebook IPO. Senators call it 'tax avoidance,' and aim to block it.
Facebook stock: 6 intriguing investors

Facebook stock will make many people suddenly wealthy when it begins trading this Friday. The company is expected to be valued somewhere around $100 billion, with stock expected to sell anywhere between $34 and $38 per share. Here are six of the more unexpected people set to make a killing with initial public offering of Facebook stock, including a rock star, a graffiti artist, and pair of Mark Zuckerberg’s enemies.
Culture Cafe
Cancelled shows 2012: ABC and the CW announce what won't be returning

TV networks ABC and the CW shared what will be cancelled at the end of this season.
Rebekah Brooks charged in News Corp phone-hacking scandal (+video)

Rebekah Brooks, who held various leadership positions in Rupert Murdoch's News Corp, was charged with interfering with a police investigation into the British phone-hacking scandal.
Chapter & Verse
How fast can they write? E-books push writer productivity

A dozen books a year? Some writers are accelerating the pace in this brave new world of e-books.
Rebekah Brooks discusses links to British PM Cameron in phone hacking inquiry

Rebekah Brooks, former CEO of Rupert Murdoch's News International, talked about her relationship with British Prime Minister David Cameron and former prime minister Tony Blair in testimony Friday before the Leveson inquiry.
FCC chairman: Time to let public TV raise money for charities

We at the FCC have proposed relaxing the ban that keeps public noncommercial TV stations from doing third-party fundraising for charities. The change won't hinder the educational mission of these stations, but help them fulfill it by raising awareness and meeting community needs.
How to self-publish an e-book

So you want to write a bestseller? Self-publishing has shed its stigma. Here's how to start.
Vogue bans too-thin, underage fashion models as unhealthy

Vogue pledges to set a new standard: bans too-thin, underage fashion models from its pages. Modeling advocates applaud the decision as progress for improving unhealthy standards in the industry.
Vox News
Rupert Murdoch deemed 'not fit' to lead media in Britain. What about US?

A British parliamentary panel found that Rupert Murdoch is 'not fit' to run media giant News Corp. But the question for Congress is: What laws – if any – were broken in the US?
Free Comic Book Day: 5 things you need to know

Whether you're a comic book devotee or don't know the Fantastic Four from the Avengers, here are 5 things you need to know about the upcoming Free Comic Book Day.
Horizons
Black Ops 2 brings the Call of Duty franchise crashing into the future

Black Ops 2, set for launch this fall, will take place partially in 2025, in an America overrun by deadly drones. Can Black Ops 2 continue Call of Duty's record-breaking streak?