Media firms dig into war chests for latest assault on the Internet

Article Abstract:

The marketing industry is spending billions on acquisitions and Internet initiatives. The Internet has changed the landscape of marketing, cutting into revenue from traditional advertising sources. Internet advertising sales rose 33 percent to $9.6 billion last year.

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CKX punches up $50 million deal for Ali licensing

Article Abstract:

CKX Inc. of the United States has purchased an 80 percent stake in G.O.A.T. LLC also of the United States. G.O.A.T. LLC is the company owned by boxing champion Muhammad Ali that markets his image and name. The acronym stands for the "Greatest of All Time."

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Time Warner set to pay AOL claims

Article Abstract:

Time Warner Inc. of the United States, after the 2001 merger with America Online lost money, is about to settle a class-action suit on fraud claims to investors. The entertainment industry giant has set aside $3 billion for the settlement.

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