Digital Marketing

Hearst Signs Deal To Acquire Disney's Stake In A&E Global Media For $1.2B

As predicted in prior reports, Hearst has signed a deal to acquire Disney’s 50% stake in A+E Global Media for $1.2 billion in cash, Variety reports. A+E Global Media is the parent company of Lifetime, History Channel, A&E Network and other assets. Hearst also owns a roughly 18% stake in Disney’s ESPN but that is unaffected by the A&E Global Media transaction.

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OpenAI, Subsidiary Settle Federal Charges That They Favored Foreign Workers

OpenAI and its Statsig subsidiary will pay $3.2 million to settle Justice Department charges that they favored foreign workers and discriminated against U.S. job applicants, Reuters reports. The complaint alleges that the companies obtained temporary employment visas and took steps to discourage U.S. workers from applying. Statsig is a maker of product development software. 

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