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TagsTransfersAbout the authorPaul VegasShare the loveHave your say FC Sion attacker Fortune: Tough to turn down Mertesacker and Arsenalby Paul Vegas10 months agoSend to a friendShare the loveFC Sion attacker Yassin Fortune has explained leaving Arsenal this summer.The 19 year-old rejected a new contract offer from the Gunners to sign permanently with the Swiss outfit.He told Foot Mercato: “Arsenal had offered to extend four years. But I started to join the pros. Arsenal is a great club, but I needed playing time. I had to play, and I preferred to leave. “It was difficult to stay at Arsenal in the sense that there were big names and a new coach (Unai Emery). I spoke with Per Mertesacker who made me a little hesitant.”He really wanted me to stay. But I felt that the best solution was to leave. At that time I did not yet have contact with Sion, but with other clubs. I was contacted by Sion fifteen days after my decision to leave. I had a preference to return to France but despite some contacts it is Sion who had my preference.”
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About the authorFreddie TaylorShare the loveHave your say Raul insists Wolves aiming for Europa League knockout roundby Freddie Taylor13 hours agoSend to a friendShare the loveRaul Jimenez says Wolves are fighting to reach the Europa League knockout stages.The Molineux outfit recorded a brave 2-1 away win over Slovan Bratislava on Thursday, with Jimenez scoring the decisive penalty.He told BT Sport: “For me it’s always in my mind that I’m going to score. It’s my style of shooting penalty kicks, I’m never going to change. I had a lot of confidence and it was a good moment to score the second goal, we’re in the fight now.”We came here knowing that if we won the game it would be better for us, we’re fighting to go into the next round now.”
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On January 27th, 2001, the Oklahoma State basketball program suffered an unthinkable tragedy when eight members of its family (two players and six staffers and broadcasters) died in a plane crash while returning from a game in Colorado. In the years since that traumatic event, the 10 people who died in the crash –including the pilot and co-pilot–have been memorialized with a banner hanging in the rafters of OSU’s home court, Gallagher-Iba Arena, and a memorial located inside the Athletics Center. Also, each year, at the home game closest to the date of the crash, Oklahoma State honors the 10. This post from the Cowboys’ official athletics Instagram account has all the details on the ceremony before tonight’s game against Baylor: Very touching and appropriate tribute for those whose lives were inexplicably cut short, and it’s incredible to think 14 years has passed since this tragedy happened.
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Twitter/@Adam_Longname None of last week’s top four teams lost, but that doesn’t mean the week was without its College Football Playoff drama. Baylor, ranked sixth last week, fell to No. 12 Oklahoma at home, giving the Sooners a big boost this week. Stanford, which was ranked seventh last week, fell to Oregon, all but knocking the Pac-12 out of the running for one of the four spots, barring some extreme craziness. LSU’s loss to Arkansas also makes the SEC a two horse race, as far as playoff berths are concerned.The selection committee just unveiled its third rankings of the year on ESPN. Here is the full Top 25:1. Clemson 2. Alabama 3. Ohio State 4. Notre Dame pic.twitter.com/ayBIEp6c4E— CFBPlayoff (@CFBPlayoff) November 18, 20155. Iowa 6. Oklahoma State— CFBPlayoff (@CFBPlayoff) November 18, 20157. Oklahoma 8. Florida 9. Michigan State 10. Baylor— CFBPlayoff (@CFBPlayoff) November 18, 201511. Stanford 12. Michigan 13. Utah 14. Florida State 15. LSU— CFBPlayoff (@CFBPlayoff) November 18, 201516. Navy 17. North Carolina 18. TCU 19. Houston 20. Northwestern— CFBPlayoff (@CFBPlayoff) November 18, 201521. Memphis 22. Mississippi 23. Oregon 24. Southern California 25. Wisconsin— CFBPlayoff (@CFBPlayoff) November 18, 2015How’d they do this week, football fans?
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Melo TrimbleWe just had a Big Ten thriller in Madison. No. 3 Maryland defeated Wisconsin 63-60 on a long three-pointer by point guard Melo Trimble with 1.2 seconds remaining.Trimble’s triple came after Wisconsin’s Bronson Koenig buried a three of a his own to knot the score at 60. Maryland head coach Mark Turgeon elected not to signal for a timeout, instead trusting his All-American point guard to win the game.Good decision. That shot is the definition of long range. Note ESPN color commentator Dan Dakich saying “Too late” in the background. Dakich thought Trimble took too long before trying to attack.Looks like he knew what he was doing.
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TORONTO – The Competition Tribunal says the Hudson’s Bay Co. must provide more documents about sleep sets by Dec. 20 in an alleged deceptive pricing practices case.The tribunal says the retailer must provide the commissioner of competition with specific documents from February 2015 onwards relating to HBC’s marketing of end of line mattress and box spring sets.The commissioner had filed a request for HBC to produce documents related to the sleep sets and other products.However, the tribunal ruled other products fall outside the scope of the application.HBC had argued that the commissioner is asking for irrelevant documents and imposing an unrealistic time frame.The retailer filed a request earlier this week asking the tribunal to give it three months to produce the sought after documents.In February, the Competition Bureau accused the department store chain of misleading consumers over sleep set prices.HBC disputes the allegations.
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This event is hosting Sean Craig, a Project Management expert who will help guide the session. Craig has 14 years of experience in project management and has worked on projects all over the world. Craig has led projects worth $300 million dollars and has participated in projects worth over $5 billion. He most recently led the energy reduction project at our local Canfor plant.Synergy would like you to join them and interact with other people from different industries to learn more about project management.FB Event Page CLICK HEREFor Tickets to the Event CLICK HERESynergy attracts motivated individuals of all ages, all industries, and all levels of experience to come together on pertinent topics that are collectively important to the group.Synergy recognized there is strong economic growth and limitless opportunities in Fort St. John. This is a place for individuals to build their career skills in a variety of fields. Synergy can help provide relationships outside of the workplace with people from all over the world and from all walks of life. FORT ST. JOHN, B.C. – Synergy allows individuals in the community to learn and grow from one another using a ‘Think Tank’ model.Wednesday, January 30th from 7 pm – 9 pm, join Synergy at Whole Wheat and Honey Cafe for this free ‘Project Management’ event.Shared from the event page, Synergy says, regardless of your role, if you take on projects as part of your overall position, knowing how to effectively maneuver stakeholders, how to plan and mitigate risks, and properly budget for projects requires a refined skillset from a project leader in Project Management. Synergy is open to anyone interested in building themselves through networking and collaboration. All ages, industries, and all forms of experience are welcome. The benefits of joining the group suggested by Synergy include;– Builds you which in turn, builds your business– Builds relationships, excellent networking activities before and after the event– Builds roots, leading to increased staff retention and staff engagement– Builds inclusiveness, everyone is welcomeFor more information, email; email@example.com
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Jerusalem: Two Israelis were among the Jews wounded in the weekend attack on a synagogue in California that killed one person and injured three others, an official said Sunday. An Israeli foreign ministry spokesman said an eight-year-old girl and her 31-year-old uncle wounded in the shooting attack in Poway, north of San Diego, on Saturday were from a southern town bordering the Gaza Strip. “The two moved from Sderot to San Diego a few years ago,” spokesman Emmanuel Nahshon said in a statement, noting their condition was “good.” San Diego County Sheriff Bill Gore said both were wounded by shrapnel in the attack on the final day of the week-long Jewish holiday of Passover. A 60-year-old woman was killed in the attack, with the community’s rabbi wounded as well. Also Read – Saudi Crown Prince Salman ‘snubbed’ Pak PM Imran, recalled his private jet from US: ReportIsraeli Diaspora Minister Naftali Bennett called the slain woman, Lori Gilbert Kaye, “a Jewish hero” who threw herself “in the path of the murderer’s bullets to save the life of the rabbi.” Gore identified the suspect, who was arrested after fleeing the scene, as 19-year-old John Earnest and said he had no prior arrest record. US President Donald Trump denounced the shooting as a “hate crime”. Israeli President Reuven Rivlin called the attack “yet another painful reminder that anti-Semitism and hatred of Jews is still with us, everywhere.” “No country and no society are immune,” he said in a Sunday statement. “Only through education for Holocaust remembrance and tolerance can we deal with this plague.” The shooting in Poway’s Chabad synagogue came exactly six months after a white supremacist killed 11 people at Pittsburgh’s Tree of Life synagogue — the deadliest attack on the Jewish community in US history.
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Patna: Four Union ministers, a former Lok Sabha Speaker and an actor-turned-politician are among the 159 candidates left in the fray for eight Lok Sabha seats in Bihar after the last date for withdrawal of nomination papers for the seventh and final phase ended Thursday. The final phase of the election will be held on May 19. According to the Election Commission, a total of 227 candidates had filed their nomination papers for Patna Sahib, Patalputra, Arrah, Jehanabad, Karakat, Buxar, Sasaraam and Nalanda constituencies between April 22 and April 29. Out of which only 162 withstood scrutiny. Also Read – 2019 most peaceful festive season for J&K: Jitendra Singh Of those remaining, one candidate each withdrew nomination from Patna Sahib, Pataliputra and Buxar, leaving 159 in the fray. With 35, Nalanda has the highest number of candidates. The constituency is the home district of Chief Minister Nitish Kumar who has represented the Lok Sabha seat a number of times. His confidant Kaushalendra Kumar is seeking re-election for the third consecutive term. The JD(U) MP is locked in a straight contest with Mahagathbandhan candidate Ashok Kumar Azad who has been fielded by former chief minister Jitan Ram Manjhi’s Hindustani Awam Morcha (HAM). Also Read – Personal life needs to be respected: Cong on reports of Rahul’s visit abroad Patna Sahib, which comprises a major part of the state capital and where 18 candidates are in the fray, will witness a clash of titans as Union minister Ravi Shankar Prasad seeks to win the seat for the BJP thwarting sitting MP Shatrughan Sinha’s bid to retain it for the third consecutive term but this time on a Congress ticket. In adjoining Pataliputra, 25 candidates are in the fray, though the contest is being seen primarily between Union minister and sitting BJP MP Ram Kripal Yadav who is pitted against RJD’s Misa Bharti daughter of his former mentor Lalu Prasad. The lowest number of 11 candidates, for the phase, are in Ara where sitting BJP MP and Union minister R K Singh’s bid to retain the seat has been challenged by young CPI(ML) candidate Raju Yadav whose chances have been bolstered by the Mahagathbandhan supporting his candidature. In Buxar, another Union minister and sitting BJP MP Ashwini Kumar Choubey is facing the challenge mainly from RJD’s Jagadanand Singh who had won the seat in 2009 although the total number of candidates in the fray is 15. An equal number of candidates are in the fray in Sasaram, a reserved seat which former Lok Sabha Speaker and veteran Congress leader Meira Kumar seeks to wrest back from BJP MP Chhedi Paswan. Karakat, which has 27 candidates, is represented by RLSP chief Upendra Kushwaha who resigned from the Union council of ministers and quit the NDA in December last year before joining the Mahagathbandhan. His principal challenger is JD(U)’s Mahabali Singh. Jehanabad was won by RLSP’s Arun Kumar in 2014. He was, however, expelled from the party later on and he is in the fray as the candidate of the parallel outfit Rashtriya Samata Party (Secular). However, the main contest is being seen as between RJD’s Surendra Prasad Yadav who is the Mahagathbandhan candidate and JD(U)’s Chandreshwar Prasad who represents the NDA.
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Washington – Leading members of the US congress called in a letter addressed on Monday to President Barack Obama for consolidating the strong partnership linking the USA to Morocco, “a country deserving our support and commitment.”The letter, sent as King Mohammed VI will be paying this November 22 a working visit to the USA where the Sovereign will meet the US chief executive, expresses the US congress members’ support to efforts meant consolidate the US-Morocco strong partnership.The letter, signed by president of the House Subcommittee on the Middle East, Ilena Ros-Lehtinen, and member of the commission, Ted Deutch, notes that “thanks to the leadership of King Mohammed VI, Morocco has been spared the violence and chaos spread in the region, adding that the Kingdom “stands out today as a model of stability in a region fraught with doubts and uncertainty.” The US congress members’ letter also welcomes the multi-dimensional strategy adopted by Morocco to fight religious extremism, based on security cooperation and social values, political reforms, economic development and religious education founded on moderation virtues.They also recall the US administration’s support to the Moroccan plan to grant autonomy to the Sahara, under Moroccan sovereignty, noting that Washington’s position had been repeatedly expressed by three successive administrations, including the present one.The Moroccan autonomy plan enjoys “a strong bi-partisan support at the US congress,” write Ilena Ros-Lehtinen and Ted Deutch, who call President Obama to seize the opportunity of the King’s visit to further consolidate the strategic relationship binding the two nations and reaffirm and consolidate the bi-partisan support to the Moroccan autonomy plan
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As the court battle between Rangers chairman Dave King says and Takeover Panel continues, King says the court battle costs him even more financial expenses stating that the extra financial burden is unwanted.However, he added that “those that wished our club to fail have failed themselves and we will continue to progress despite inevitable setbacks that will come our way from time to time.”“Litigation with the TP is another unwanted personal and financial cost to me of my initial decision to get involved with the club again to assist in rescuing it from certain demise under the previous board,” said, as quoted in Scotsman.“Since then, I have devoted far more time to Rangers than to my other business interests. This was necessary because those who benefited from the previous regime adopted every legal strategy to avoid losing the vice-like grip they had on our club.Rangers is still behind Celtic: John Hartson Manuel R. Medina – September 3, 2019 According to the former Celtic player, there’s still a massive gap between his ex-club and Rangers in the Scottish Premier League.“Supporters will remember that I faced another contempt of court application when Mike Ashley tried to put me in jail for standing up to Sports Direct. That is what we are up against.“My fellow directors and I have all had to endure personal attacks and we all spend far more time dealing with Rangers interests than any of us truly expected.“But we did it willingly and continue to do so for no financial gain. Those that wished our club to fail have failed themselves and we will continue to progress despite inevitable setbacks that will come our way from time to time.”
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Eden Hazard provided fans with a timely reminder of his world-class talents on Thursday in Belgium’s 2-0 win over IcelandThe 27-year-old winger has had a quiet return to action from a back injury with just one assist and no goals in his last three games at Chelsea.However, eight goals and four assists in 14 appearances still represent an impressive tally for this season.But Hazard was on top form on Thursday night at the Heysel Stadium and produced a moment of true class in helping assist Michy Batshuayi’s opening goal.The Belgium captain’s superb pass from the final third of the pitch had carved open the Iceland defence with Batshuayi later breaking the deadlock.Batshuayi, who’s on loan at Valencia from Chelsea for this season, then added a second to seal the win for Belgium.Incredible pass from Eden Hazard. pic.twitter.com/e21Ejk0btZReal Madrid suffer a Luka Modric injury blow Andrew Smyth – September 12, 2019 Real Madrid have announced that Luka Modric has suffered an adductor injury, which could rule him out of some key fixtures.— 🇧🇪 (@FlicksLikeEden) November 15, 2018Speaking before the match, Belgium coach Roberto Martinez hailed Hazard’s leadership skills.“He’s been a very good leader,” said Martinez, according to FourFourTwo.“There are many different types of leaders but I think what Eden Hazard brings is someone you can get influenced by.“He is an incredible source for younger players and who has been someone who can never, ever get affected by the pressure of the game or the pressure of the situation.”
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Posted: April 3, 2019 San Diego County files lawsuit against members of the Trump Administration April 3, 2019 Categories: California News, Local San Diego News, National & International News FacebookTwitter KUSI Newsroom, Updated: 10:09 PM 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI) – San Diego County filed a lawsuit against members of the Trump administration in federal court today over its alleged treatment of asylum-seeking immigrants.The Board of Supervisors voted 4-1 in closed session in February to file the suit, with Supervisor Kristin Gaspar casting the lone vote against. At that time, board Chairwoman Dianne Jacob chided the Trump administration for creating a public health crisis by releasing asylum-seekers into the U.S. with no support as well as separating migrant children from their parents.The suit names Homeland Security Secretary Kirstjen Nielsen, Customs and Border Protection Commissioner Kevin McAleenan, Border Patrol Chief Carla Provost and Immigration and Customs Enforcement Deputy Director Ronald Vitello and Executive Associate Director Matthew Albence as plaintiffs.The county filed the suit in the U.S. District Court for the Southern District of California. County officials say the region has been and continues to be harmed by the federal government’s swift change in immigration policy.“(Trump’s) failure does not remove our obligation to do the right thing to help families legally seeking asylum in the United States,” said Supervisor Nathan Fletcher in response to the suit’s filing. “I am proud our county is stepping-up to take on Trump.”Other jurisdictions and states have not announced whether they plan to join the county’s case. KUSI Newsroom
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A new study points to a “lack of collaboration, coordination and collective purpose” among public, private, and nonprofit organizations serving veterans and military families as a significant factor in the nation’s failure to ensure veterans receive needed medical, social and financial assistance.“Notwithstanding the combined goodwill and determination across all sectors of our economy, collective efforts remain largely fragmented in addressing veteran and military family challenges,” states the report from the Institute for Veterans and Military Families at Syracuse University (IVMF).Researchers found that nearly 45,000 nongovernmental, nonprofit groups nationwide focus on veterans and military issues, with many “largely going it alone in their efforts” to provide services, reported Military Times.The authors make the case for a “collective impact” model — a framework for bringing diverse organizations together around complex social problems — to help communities advance the lives of veterans and military families.In late 2014, IVMF launched a pilot coordinated provider network in New York City, AmericaServes. The initiative is aimed at supporting communities committed to improving the lives of veterans and family members through the creation of comprehensive, accountable, and evidence-based service delivery networks of resources and care.“Our observations of ongoing practice in the veterans’ space are sufficient enough to understand that the single-most obvious gap in community-based services supporting America’s veterans and their families is in fact the space between providers themselves,” said Jim McDonough, IVMF’s managing director of community engagement and innovation.“Unless we address this now through these collective designs and effort, our communities will never be in a position of strength and excellence to serve the needs of veteran families,” McDonough said.The institute’s pilot will be expanded to Pittsburgh and North Carolina this summer.The report also stresses that caring for veterans is a national moral responsibility, one that extends far beyond what a single federal agency can provide.“Wellness encompasses far more than sustaining physical health and fulfilling material need,” it states. “The VA was never designed to reintegrate veterans into civilian society, repair their existing social relationships or build new ones in the communities in which they ultimately settle.” Dan Cohen AUTHOR
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Swedish Prime Minister Stefan Lofven and wife Ulla Lofven arrive to the Social Democratic Party’s election wake in Stockholm, on 9 September. Photo: AFPSweden’s anti-immigrant far-right made gains in legislative elections Sunday and vowed to exert “real influence” as kingmaker, after both the left-wing and centre-right blocs failed to obtain a majority and the make-up of the next government remained up in the air.Prime minister Stefan Lofven invited the centre-right opposition Alliance to talks aimed at a “cross-bloc cooperation”, after his Social Democrats remained the biggest party with 28.4 per cent of votes, its weakest election score in a century.He said the election result marked “the death of bloc politics” in Sweden.At the head of one of the few left-wing governments in Europe, Lofven’s bloc appeared to hold 144 of 349 seats in parliament, one seat more than the Alliance, with votes in 99.8 per cent of districts counted.That is well short of the 175 needed for a majority.Just 30,000 votes separated the two blocs. But some 200,000 votes from Swedes who live abroad, which could tip the balance, were only to be counted Wednesday.The four-party Alliance-made up of the conservative Moderates, Christian Democrats, Liberals and Centre-rejected Lofven’s invite, urging him to resign as it reiterated its determination to form its own government.In Sweden, the speaker of parliament typically consults all party leaders after an election before tasking the one most likely to succeed at forming a government.Meanwhile, the far-right Sweden Democrats, who have capitalised on voters’ frustration over immigration after the country welcomed almost 400,000 asylum seekers since 2012, were seen making steady gains, rising from 12.9 per cent in 2014 to 17.6 per cent.Real influence“We have strengthened our role as kingmaker… We are going to gain real influence over Swedish politics,” Sweden Democrats leader Jimmie Akesson told cheering supporters at an election night party.The Sweden Democrats remain the third-biggest party-failing to overtake the Moderates-and were credited with 17.6 per cent of the vote, below the 20 to 30 per cent Akesson had hoped to win.Marine Le Pen of France’s far-right National Rally-formerly known as the National Front-hailed the Swedish party’s rise, tweeting: “Yet another bad night ahead for the European Union. The democratic revolution in Europe is moving forward!”Lofven had called the election a “referendum on the future of the welfare state”, but the far right presented it as a vote on immigrants and their integration.The Sweden Democrats, with roots in the neo-Nazi movement, have said the large number of asylum-seekers presents a threat to Swedish culture and claim they put a strain on the country’s generous welfare state.Around 18.5 per cent of Sweden’s population of 10 million was born abroad, according to Statistics Sweden.Lofven had urged Swedes not to vote for what he called a “racist party” as he cast his ballot Sunday.“It’s… about decency, about a decent democracy. And the Social Democrats and a Social Democratic-led government is a guarantee for not letting the Sweden Democrats extremist party, racist party, get any influence.”The Social Democrats have led a minority government with the Greens since 2014, with the informal support of the ex-communist Left Party to pass legislation.Mattias, a Stockholm resident at an election night party in the city, said he was “extremely concerned” about the far right’s steady climb since it entered parliament in 2006 with 5.7 per cent.“The election is between potential democracy and potential facism,” he told AFP.Time to talk to Sweden DemocratsThe composition of the next government may not be known for weeks.Lengthy negotiations will be needed to build a majority, or at least a minority that won’t be toppled by the opposite side.Speaking to supporters late Sunday Kristersson said he planned to build a government that would “unite our country and take responsibility”.But in order to secure a centre-right majority in parliament, Kristersson would have to put an end to the Sweden Democrats’ pariah status and open negotiations with them.That could prove fatal for the Alliance, with the Liberal and Centre parties repeatedly ruling out a deal with the far-right.Akesson has said he would demand a curbing of immigration policy in exchange for his support, or key positions on parliamentary committees that draft legislation.“When the same party time and again increases, and the other parties stand still, then you have to listen to that part of the population that is voting for this party.“It’s time to take responsibility and talk to the Sweden Democrats,” Sweden Democrats parliamentary group leader Mattias Karlsson told public broadcaster SVT.
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Netflix priced a junk-bond offering of $1.9 billion — the streamer’s biggest round of debt financing to date — as it looks to fuel its continued content binge-spending.The $1.9 billion debt offering, announced Monday evening, was increased from Netflix’s plan announced earlier in the day to issue $1.5 billion in debt. Shares of Netflix had closed down 2.8% Monday, to $318.69 per share, as investors reacted to the company’s plan to take on additional debt.Netflix has been routinely turning to debt for financing its massive content spending instead of raising that through equity markets, because “we believe the debt is lower cost of capital compared to equity,” as the company said in its April 16 letter to shareholders. The latest proposed debt offering is the fifth time in a little more than three years that Netflix is raising $1 billion or more through bonds. As of March 31, Netflix had $6.54 billion in long-term debt and $17.9 billion in streaming content payment obligations (of which $3.44 billion are long-term content payment obligations). The company had $2.6 billion in cash and equivalents on hand as of the end of the first quarter of 2018.Netflix’s interest expenses have risen as it assumes a bigger debt load. In Q1 2018, interest expense was $81.2 million, up 74% from $46.7 million in the year-earlier period. But as a percentage of operating income, its interest expense was the same — 18.2% — for both quarters.Netflix said the latest debt offering of 5.875% senior notes, set to mature Nov. 15, 2028, is expected to close on April 26. The company will begin paying interest on the notes in cash semi-annually beginning Nov. 15, 2018. Popular on Variety ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15
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How Success Happens 5 min read November 12, 2014 Hear from Polar Explorers, ultra marathoners, authors, artists and a range of other unique personalities to better understand the traits that make excellence possible. A couple weeks ago, TechCrunch’s Ingrid Lunden and Sarah Buhr broke some big Yahoo news. They reported that Yahoo has signed a term sheet to buy a company called BrightRoll for about $700 million. Today, Yahoo finally announced it has acquired BrightRoll for $640 million.BrightRoll is a video ad tech company. It hosts videos for publishers, and, with algorithms, helps them pick which ads to run against them. Advertisers can also work with BrightRoll to find the right videos to sponsor.There are a few reasons it makes sense for Yahoo to buy BrightRoll. For a while now, Yahoo has sought to acquire a company that would give it more video advertising inventory to sell in a “programmatic,” or automated fashion. First it tried to by Dailymotion. Later it tried to buy Twitch. BrightRoll’s algorithms might be able to help Yahoo match advertisers to videos more efficiently, thereby allowing it to sell the video ad inventory it already possesses for higher prices.Yahoo would like to turn Tumblr into a YouTube competitor. It needs video-hosting and ad-serving technology to be able to do that.BrightRoll generates $100 million in revenue each year, and it will immediately help Yahoo’s top line start growing again. Back when TechCrunch first published its report, we reached out to several ex-Yahoo ad tech people as well as a number of other sources in the industry to hear what they think of this potential deal.Here’s what we heard.BrightRoll is a good company, but Yahoo could buy its competition for cheaper.Says an industry source: “BrightRoll is a good company, been around a long time, has good revenues (maybe $100 net) and good gross margins. It’s interesting that there are three publicly-traded video ad nets for less $ and none of them are being considered for acquisition (YuMe, Tremor, TubeMogul). Both YuMe and Tremor are highly discounted because their tech sucks and they don’t do programmatic well. TubeMogul is almost entirely buy-side, so Yahoo is probably more interested in sell-side technology.”Yahoo is paying too much.Says shareholder Eric Jackson: “Typical Yahoo deal. Buy the also ran at double the price. Wish they bought Liverail. If it happens, it’s far less objectionable than Tumblr or the 6 dozen acqui-hires – at least there’s going to be some revenue.”BrightRoll is just a clearing-house without great tech.Says a former Yahoo exec: “Desperation play. Too much of an ad network (just a buy/sell operation, not a true platform). Valuation is absolutely ridiculous.”Yahoo is splitting the baby.Says an industry source: “I think Yahoo is schizophrenic about if they need/want a DSP [a product advertisers can use to find ad inventory] or an SSP [a product publishers can use to sell inventory], Brightroll gives them something that splits the middle.”BrightRoll doesn’t have great tech or software, and Yahoo just acquiring scale.Says a former Yahoo exec: “Terrible. While BrightRoll is a scale player in the hot video space… Their revenue is primarily driven by their media ad network business. It’s IO driven, not tech or SaaS [this means its not as automated as you think]. This is Blue Lithium & Interclick for video [two ad tech acquisitions Yahoo made in the past that some say haven’t gone well]. Yahoo needs ad tech and all they acquire are mobile startups that are going out of business and more unreliable, insertion order driven media networks.”It’s a smart deal, but Yahoo is paying a lot — and it doesn’t have the people to run a smart ad tech business.Says a former Yahoo exec: “I think it’s actually smart. It’s becoming widely acknowledged that the ad format of choice for mobile is video and this gives them a great solution from a recognized leader in the video space. It’s an expensive price though. The problem is after acquisition that you have inept product people like [Yahoo executives] Scott Burke and Mark Morrissey who will more than likely sabotage this from within and until those guys are gone, Yahoo will continue to have problems on the revenue product side.”Where’s the synergy?Says an ex-Yahoo executive: “Not sure I see the real synergy with Yahoo. More video inventory? [Feels like they are saying,] ‘We need to do something. This is something. Let’s do it.'”It doesn’t solve Yahoo’s real probem.Says a former Yahoo executive: “Buying ad tech doesn’t solve the company’s fundamental problem as not being relevant to users (declining engagement) and consequently not having mindshare with advertisers/agencies. While it could help squeeze out higher prices from it’s own inventory, it cannot be a game changer. Plus Yahoo’s poor track record of integrating ad network businesses raises questions on how well it can integrate the ad network piece of BrightRoll. Yahoo hasn’t made much of the Blue Lithium or Interclick acquisitions. As a shareholder I’d rather have the estimated $700M given back – as a dividend or stock buybacks.” This story originally appeared on Business Insider Listen Now
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Filmstruck, the Turner-owned SVOD dedicated to arthouse, indie, foreign and cult films, has launched on Roku devices in the US.The launch comes after Filmstruck added Chromecast support in February, with launches for PlayStation 4 and Xbox One due to follow “soon”.The service is already available via the browser, on iOS and Android devices, on Amazon Fire TV and on the latest generation of Apple TV.Developed and managed by Turner Classic Movies (TCM) in collaboration with the Criterion Collection, Filmstruck launched in October last year, targeted at a niche audience of devoted film fans and cinefiles.The service is currently only available in the US with users able to subscribe to US$6.99 or US$10.99 per-month packages.
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