Vox CEO talks Re/code acquisition Vox Media Chairman and CEO Jim Bankoff, discusses acquiring Re/code's parent company Revere Digital, and the draw to technology content.
Tech blog spinoff Re/code is acquired by online media chain Tech news blog Re/code said Tuesday it's been acquired by online publishing company Vox Media, just 18 months after spinning off from its former parent, The Wall Street Journal. In an online statement, Re/code founders Kara Swisher and Walt Mossberg said they will continue to operate their site separately but may occasionally collaborate with The Verge.
Source: The Associated Press
| By: By The Associated Press
Unprecedented floods hit Houston; 7 states at risk Flash-flood watches and warnings were issued across seven states early Tuesday as an unprecedented downpour of torrential rain triggered flooding in Houston.
Source: NBC News
| By: Alexander Smith, Shamar Walters, and Henry Austin
Bullseye: Plains states brace for more tornadoes Millions of people in the middle of the country are facing a tornado threat, including some locations recently ravaged by twisters, NBC News reports.
Source: NBC News
| By: Erin McClam and Daniella Silva
UPDATE 1-News Corp quarterly revenue falls on currency, lower ad sales May 5- News Corp, owner of the Wall Street Journal and HarperCollins, reported a decline in quarterly revenue and profit due to foreign currency changes and a drop in ad sales at its newspapers. At the Wall Street Journal advertising revenue fell 11 percent. Robert Thomson, CEO of News Corp, said in a statement that real estate will "underpin long-term expansion."
| By: Jennifer Saba
News Corp revenue falls marginally May 5- News Corp, the publisher of the Wall Street Journal, reported a marginal fall in quarterly revenue, hurt by the stronger dollar and dwindling advertising sales at its newspapers. Net income attributable to shareholders fell to $23 million, or 4 cents per share, for the third quarter ended March 31, from $48 million, or 8 cents per share, a year earlier.
US STOCKS-Wall St stumbles on weak trade data; investors eye Fed Despite a rally of more than 2 percent in oil, energy stocks were stung for a second day by criticism of fracking companies by David Einhorn, the influential head of hedge fund Greenlight Capital. The $51.4 billion March deficit was the highest in nearly 6-1/ 2 years and larger than the $45.2 billion the government assumed in its snapshot of first-quarter gross...
| By: Noel Randewich