BUSINESS

NEWS

With WarnerMedia Deal, AT&T Abandons Losing Strategy
By
Newsdesk Editor
On Monday, AT&T announced a $43 billion deal to merge its content unit, WarnerMedia with rival Discovery. The merger, still
500 Global Business Leaders Launch the World’s Biggest Community for Disability Business Inclusion
By
Business Editor
Today, global business collective, The Valuable 500, announced it has reached its goal of 500 international organizations committing to putting
U.S. Home Sales Continue to Skyrocket as Homebuyers Scramble to Take Advantage of Historically Low Mortgage Rates
By
Business Editor
The median home-sale price increased 22% year over year to $350,750—an all-time high—according to a new report from Redfin, the

CLIMATE

CHANGE

Greenhouse Gas and Aerosol Emissions Are Lengthening and Intensifying Droughts
By
Environmental Reporter
Greenhouse gases and aerosol pollution emitted by human activities are responsible for increases in the frequency, intensity and duration of
Harvard Chemist Pioneered Atmospheric Studies, Proving CFCs Destroy the Ozone Layer
By
Staff Writer
The Camille and Henry Dreyfus Foundation has announced that James G. Anderson, the Philip S. Weld Professor in Chemistry at
19 mins
The Earl Warren Building in San Francisco, CA, home of the First District Court of Appeal. © Getty Images
The Ritz Herald
Attorney Frederick Penney weighs in on the future of remote court hearings

Frederick Penney, founding partner of Penney and Associates Injury Lawyers, discusses what changes have been made to the court system since the pandemic. He analyzes whether the courts will keep the new changes that include more relaxed filing procedures and allowing individuals and attorneys to appear remotely.

Every court seems to be using video conferencing via Zoom, BlueJeans, Pexip, Polycom, Cisco, Lifesize, and other platforms to hold hearings remotely during 2020 and 2021. Using any of these platform names is meant to use the term generally as video conferencing. Ever since the Coronavirus Aid, Relief and Economic Security Act was passed the courts have changed the way they handle court proceedings. They have allowed more video conferencing and media and public access to electronic criminal proceedings, arraignments, detention hearings, misdemeanor pleas, etc. The courts have had to dramatically change their systems to allow more remote access as individuals were unable to meet in person due to state rules concerning meeting in person during the pandemic.

Many courts have now placed rules on video conferencing which must be strictly followed. Every court has its own set of rules and regulations and all parties need…

Banks must reinforce their risk management capabilities now and brace for the impact of substantial loan losses in coming months as the ending of government relief programs
National YoungArts Foundation (YoungArts) congratulates the 57th class of U.S. Presidential Scholars, with special acknowledgment to the 20 U.S. Presidential Scholars in the Arts (full list below)
E-commerce businesses rise and fall every day. Due to steep competition and rapidly changing trends, only a few entrepreneurs manage to survive for any reasonable period of
CVS Health (NYSE: CVS) announced that COVID-19 vaccine appointments for adolescents ages 12 to 15 are now available for scheduling at more than 5,600 CVS Pharmacy locations

PUBLIC

INTEREST

After 59 Years, the Families of Flying Tiger Line Flight 739 Receive Closure
The Ritz Herald

On March 16, 1962, Flying Tiger Line Flight 739 was on a secret mission, but disappeared. On board were 93 United States Army soldiers and 11 civilian crew members. Very little is known about what happened to the plane and its passengers, and due to the circumstance surrounding this…

Bipartisan, Bicameral Bill ‘Endless Frontier Act’ Poised to Spur U.S. Economic Development
The Ritz Herald

IEEE-USA applauds the Senate Commerce Committee for moving the Endless Frontier Act (EFA) forward. The act is a visionary new approach to research and economic development that will strengthen America’s long-term competitiveness. However, IEEE-USA disappointed that the committee significantly scaled back the financial commitment in this vital bill. IEEE-USA…

CULTURE

NEWS

2021 Empire State Building Run-Up Set to Return October 26, 2021
By
Lifestyle Editor
Empire State Realty Trust, Inc. (NYSE: ESRT) announced that the 2021 Empire State Building Run-Up (ESBRU) – presented by Turkish
Remarkable National Park Stories of Asian Americans, Native Hawaiians, and Pacific Islanders
By
Newsdesk Editor
Asian Americans, Native Hawaiians, and Pacific Islanders have shaped the history of the United States and the world at large

RH

FINANCIAL

With WarnerMedia Deal, AT&T Abandons Losing Strategy
On Monday, AT&T announced a $43 billion deal to merge its content unit, WarnerMedia with
The Ritz Herald
500 Global Business Leaders Launch the World’s Biggest Community for Disability Business Inclusion
Today, global business collective, The Valuable 500, announced it has reached its goal of 500
The Ritz Herald
THIS WEEK'S HEADLINES
Michael Bentley 18, May 2 mins
2 mins
The Ritz Herald
© AT&T
AT&T announced a $43 billion deal to merge its content unit, WarnerMedia with rival Discovery

On Monday, AT&T announced a $43 billion deal to merge its content unit, WarnerMedia with rival Discovery. The merger, still pending regulators’ approval, signals a change in AT&T’s years-long strategy of combining its communications networks with content production and distribution.

Aija Leiponen, professor at the SC Johnson College of Business and an expert in telecom industries, says that AT&T’s reversal validates what observers have been witnessing in recent years: that telecom ownership of content business is not a value added. Leoponen says:

“This proposed deal to join AT&T’s and Discovery’s media and entertainment businesses is more validation that there are limited or no synergies between wireless networks and media.

“In the past few years, telecom network operators have been acquiring media assets based on an argument that by owning the content, they can better ‘innovate’ new types of media services for 5G and other evolving communication networks. However, this was doubtful to begin with, as there was nothing specific in the acquisition plans that suggested co-ownership would solve some fundamental contracting problems between telecom network and media companies. Now it is becoming clear that whatever innovation has been pursued, customers haven’t much appreciated it – or there hasn’t been any meaningful innovation.

“In my view, the telecom and media companies can easily make contractual arrangements to deliver content through wireless networks without one side having to own the other. Telecom ownership of content business adds nothing to the value of the content business, and quite possibly detracts from it through poor strategic management.”

CURRENT EDITION

PANDEMIC UPDATE (LIVE)

CORONAVIRUS (COVID-19)

UNITED STATES

199 33,747,638 Total Cases
2 600,535 (1.8%) Deaths
N/A 27,202,309 (80.6%) Recovered
18 May 2021, 1:30 AM (GMT)
4 mins
The Ritz Herald
© PepsiCo
Platinum-certified music producer, artist and DJ to take this year's opening ceremony to new heights
By / Senior Writer

UEFA and Pepsi reveal that award-winning global superstar Marshmello will headline this year’s UEFA Champions League Final Opening Ceremony presented by Pepsi. The platinum-certified artist/producer known for smash hits ‘Happier,’ ‘Silence’ and ‘Friends,’ will present a one-of-a-kind performance on Saturday, May 29th, preceding one of the world’s most-watched live sporting events – the UEFA Champions League final. Now in its fifth year, the Pepsi-presented Opening Ceremony will see Marshmello deliver a virtual six-minute spectacle using the latest in immersive technology, a first for both Pepsi and UEFA.

Marshmello commented: “This really has been a year like no other. I’m looking forward to giving my sport, music, and pure entertainment fans a show like they have never seen. Thanks to Pepsi and UEFA, that is exactly what I am going to bring to the world – a performance that everyone can enjoy.”

To announce his performance, Marshmello is seen in a creative video mulling over options for his next show. Suggestions come from a few familiar faces, including all-time GOAT Leo Messi, world champion Paul Pogba, and Borussia Dortmund sensation Jadon Sancho, as well as members of global music group Now United. With the closing scene featuring the award-winning artist alongside the iconic UEFA Champions League Trophy, anticipation for an epic show is building for fans around the world to experience.

PepsiCo’s Vice President, Marketing, Global Beverages, Natalia Filippociants, said: “Pepsi has been building the Opening Ceremony platform alongside UEFA since 2016, and this year’s show will take it to the next level. Pepsi knows entertainment – and…

MORE ARTICLES

The Temptations Kick Off 60th Anniversary
Motown/UMe announce the kickoff of the 60th Anniversary celebration of
NaijaVibe Brings Afrobeats Into Spotlight
The most popular and amazing news site NaijaVibe connects Afrobeats
By Michael Bentley Published on May 18
2 mins
The Ritz Herald
© AT&T
AT&T announced a $43 billion deal to merge its content unit, WarnerMedia with rival Discovery

On Monday, AT&T announced a $43 billion deal to merge its content unit, WarnerMedia with rival Discovery. The merger, still pending regulators’ approval, signals a change in AT&T’s years-long strategy of combining its communications networks with content production and distribution.

Aija Leiponen, professor at the SC Johnson College of Business and an expert in telecom industries, says that AT&T’s reversal validates what observers have been witnessing in recent years: that telecom ownership of content business is not a value added. Leoponen says:

“This proposed deal to join AT&T’s and Discovery’s media and entertainment businesses is more validation that there are limited or no synergies between wireless networks and media.

“In the past few years, telecom network operators have been acquiring media assets based on an argument that by owning the content, they can better ‘innovate’ new types of media services for 5G and other evolving communication networks. However, this was doubtful to begin with, as there was nothing specific in the acquisition plans that suggested co-ownership would solve some fundamental contracting problems between telecom network and media companies. Now it is becoming clear that whatever innovation has been pursued, customers haven’t much appreciated it – or there hasn’t been any meaningful innovation.

“In my view, the telecom and media companies can easily make contractual arrangements to deliver content through wireless networks without one side having to own the other….

CURRENT EDITION

500 Global Business Leaders Launch the World’s Biggest Community for Disability Business Inclusion
Today, global business collective, The Valuable 500, announced it has
As More Venues Go Cashless After the Pandemic, Arizona State University Experts See Downsides
As businesses and destinations begin to reopen from the pandemic
Nine in Ten Employees Want Flexibility in Where and When They Work
More than half (54%) of employees surveyed from around the
The COVID-19 Challenge Is Not Over for the Banking Sector
Banks must reinforce their risk management capabilities now and brace
Remote Work to Drive Home Purchase Decisions in the Next Six Months
When COVID-19 drove working professionals out of the office, it
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COVID-19 WORLDWIDE

95054 164,371,979 Total
2658 3,406,786 (2.1%) Deaths
165380 144,349,926 (87.8%) Recovered
18 May 2021, 1:30 AM (GMT)
The Conference Board Employment Trends Index (ETI) significantly increased in April, after an increase in March. The index now stands at 105.44, up from 102.65 (an upward
DJ Mag, the world’s leading electronic music magazine, announced the dates for this year’s Top 100 Clubs poll. The 2021 edition of the poll, which typically runs
Since the 1950s, political scientists have theorized that political polarization — increased numbers of “political partisans” who view the world with an ideological bias — is associated
Low-to-mid latitude land surfaces at low elevation cooled on average by 5.8 ± 0.6⁰C during the Last Glacial Maximum (LGM), based on an analysis of noble gases

EDITOR'S

CHOICE

COVID-19 Vaccination: Thrombosis Can Be Prevented by Prompt Treatment

Richer / RH
A rare syndrome has been observed in people following vaccination against COVID-19. This involves thrombosis at unusual sites in the body, associated with a low thrombocyte (blood platelet) count and

WEATHER

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