Industry News

Zee Entertainment Enterprises Ltd on Wednesday announced the sale of its sports network TEN Sports to Sony Pictures Network in an all cash deal for $385 million. TEN Sports portfolio includes TEN 1, TEN 1 HD, TEN 2, TEN 3, TEN Golf HD, TEN Cricket and TEN Sports. The network operates these channels across India, Maldives, Singapore, Hong Kong, Middle East, and Caribbean."/>
Sony acquires Zee's TEN Sports for $385 million [Mint, New Delhi]
Zee Entertainment Enterprises Ltd's sports broadcasting business has been a drag for a long time now. The business has posted operating losses continuously for the last seven years at least. Over FY2010-2016, cumulative sports business Ebitda losses stood at Rs.621 crore."/>
Zee's TEN Sports sale: good riddance to the white elephant [Mint, New Delhi]
Maruti Suzuki India Ltd managing director Kenichi Ayukawa: the Renault Kwid and production constraints at his firm's plants in Haryana that may see some customers moving away to other brands. Ayukawa thinks that in Kwid, Renault India Pvt. Ltd has a design that is better than Maruti Suzuki's small cars."/>
Maruti Suzuki has to figure out what makes customers accept the Kwid: Kenichi Ayukawa [Mint, New Delhi]
Hero MotoCorp Ltd will launch 15 motorcycles across different segments for domestic and global markets in 2016-17, the company said on Thursday. Three of these motorcycles, which include the new Achiever 150, the Super Splendor and Passion Pro, will be launched in the domestic market before the upcoming festive season. Hero MotoCorp and its rival Honda Motorcycle Scooter India Pvt."/>
Hero MotoCorp to launch 15 bikes in fiscal 2017; three before festive season [Mint, New Delhi]
HT Media Ltd's digital business."/>
Jabong's chief technology officer Sumit Jain quits [Mint, New Delhi]
Zee Entertainment Enterprises Ltd announced on Wednesday the sale of its sports network TEN Sports to Sony Pictures Network in an all-cash deal worth $385 million. TEN Sports' portfolio includes TEN 1, TEN 1 HD, TEN 2, TEN 3, TEN Golf HD, TEN Cricket and TEN Sports. The network operates these channels across India, the Maldives, Singapore, Hong Kong, Middle East and the Caribbean."/>
Zee sells TEN Sports to Sony for $385 million [Mint, New Delhi]
Cheesecake Factory, a restaurant that sells beer, wine and other beverages. In Plano, Barnes& Noble will add a bookstore that will include a restaurant that sells beer and wine. Unclear if it will sell cheesecake, but hey, it's a 9,000- square-foot bookstore with a restaurant in it."/>
Barnes & Noble to bring books -- and beer and food -- to Plano [Fort Worth Star-Telegram]
McDonald's USA, a big title and a big job. Kempczinski, who replaces Mike Andres, had been the corporation's executive vice president of strategy, business development and innovation since joining McDonald's last year. Setting aside Andres' performance, Kempczinski's potential, the implications for McDonald's and whatever ambitions hang in the balance, Kempczinski's old job sounds like a very good one to have."/>
Chicago Tribune Phil Rosenthal column [Chicago Tribune]
McDonald's remains vacant. And the city is not ready to release another request for proposals, or RFP, yet, according to Mayor Michael Cahill. The first bidding period, which had a deadline last August that was extended until December, only yielded one bid-- for a new Flatbread pizza restaurant."/>
Still no action at Beverly waterfront site [The Salem News, Beverly, Mass.]
Nordstrom Rack is coming to Kirkland. The company says it plans to open a 35,000- square-foot Nordstrom Rack in The Village at Totem Lake, with opening scheduled for fall 2017.. It will be the seventh Western Washington location for the off-price division of the high-end clothing company."/>
BRIEF: Nordstrom Rack will open in Kirkland next fall [The Seattle Times] packages from a warehouse to your doorstep anytime soon, but next month they might help keep your cellphone working. AT&T in September is phasing in its first drone program, after months of trials. The telecommunications giant plans to use the lightweight, remote-control-operated flying machines to inspect cell towers for damage and test the performance of AT&T's wireless network."/>
AT&T turns to drones to help keep cell towers humming at Husky Stadium [The Seattle Times]
Impinj, the Seattle radio-frequency-identification technology company, beat expectations for its first quarter as a publicly traded company, reporting 36 percent growth in revenue from a year ago. The business, which went public in July, posted $26 million in revenue during its second quarter. It reported a loss of $254,000, compared with a profit of $974,000 in the same period last year."/>
Impinj beats forecasts in first quarter as public company [The Seattle Times]
LinkedIn, and you may get a curious result. The professional networking website asks if you meant to search for a similar-looking man's name. A search for "Stephanie Williams," for example, brings up a prompt asking if the searcher meant to type "Stephen Williams" instead."/>
How LinkedIn's search engine may reflect a gender bias [The Seattle Times]
Facebook and Google started small there, grew bigger and then moved out when they became too large. But, according to Pat Burt, the mayor of Palo Alto, the city's role as a tech incubator is in danger."/>
East Bay Times Michelle Quinn column [East Bay Times]
Starbucks, odds are you'll be able to order a Megpies tart-- they're available at 7,500 of the coffee chain's United States stores, thanks in part to Kingston native Paul Jones. Jones, a 1987 graduate of Wyoming Valley West High School, joined Brooklyn, New York's Megpies in a professional capacity in 2013. He first moved to New York to sale the services of Bedwick& Jones Printing, the Wilkes-Barre business started by his father, Bob Jones, and uncle, Ray Bedwick,..."/>
Team behind new Starbucks sweet treat Megpies includes Kingston native [The Times Leader, Wilkes-Barre, Pa.]
McDonald's kicked its transformation into high gear Wednesday, announcing plans to replace the president of its U.S. business. Mike Andres, a key architect of the fast-food giant's attempt to reinvent itself through initiatives like all-day breakfast, is retiring at year-end. He will be replaced by Chris Kempczinski, a former Kraft executive who was brought on by McDonald's as an executive vice president last year."/>
McDonald's U.S. president, key architect of transformation, to leave at year-end [Chicago Tribune]
Target. Accessible from Rancho Bernardo and 4 S Ranch by traveling along Camino del Sur, the Shea Properties center-- when filled-- will be a mix of restaurants and specialty shops, along with some well-known national chains. Last week, center officials announced additional retailers coming to the center."/>
More restaurants, shops coming to Del Sur Town Center [The San Diego Union-Tribune]
Is Bonvera Wichita's answer to Amazon? [The Wichita Eagle]

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