NBC Universal to buy Weather Channel

The Weather Channel: valued at a reported $3.5 billion. I regret to see it sold to NBC Universal,which, with MSNBC and other companies, is acquiring quite a monopoly."NBC Universal and two partners said Sunday they have reached a deal to buy The Weather Channel from Landmark...

Getty Images May Sell For More Than $1.5 billion, Report

This will be a substantial acquisition for whomever ends up acquiring Getty Images, at a projected price tag of more than $1.5 billion."Getty Images Inc, the world's biggest supplier of pictures and video to media and advertising companies, has put itself on the auction block...

FCC to Green Light $19.5 Billion Sale of Clear Channel

Recent reports indicate that American media giant Clear Channel is set for a merger with a private investment group. "The FCC appears set to give its approval to Clear Channel’s (NYSE: CCU) $19.5 billion sale to two private equity firms. Citing an agency official, AP...

Michael Jackson NOT Married To Grace Rwaramba

"A representative for pop star Michael Jackson has denied that the singer has tied the knot with his children's nanny, Grace Rwaramba. The denial from Raymone Bain comes in response to a sudden flurry of reports stating that he swapped vows with Grace in the courtroom during...

Explosion rocks Beirut, four killed

UPDATE: See story by Kuwait for situation update.  Violence erupts yet again in Beirut as a bomb explodes at a seafront amusement park. "An explosion rocked Beirut's seafront corniche on Wednesday, killing at least four people near a military beach club, security sources...