Accountability
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Bill Ackman offers to purchase Universal Music Group for $64 billion
The billionaire proposed keeping Universal Music’s CEO Lucian Grainge in his current position while installing former Disney CEO Michael Ovitz as chairman of the board and adding two representatives from Pershing Square to the board.
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CBS announces Colbert replacement after show goes off air next month
CBS said the new program will debut on May 22, the day after Colbert's show is expected to release its final episode. The program will begin at 11:35 p.m. and feature two back-to-back, half-hour “Comics Unleashed” episodes on weekdays.
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Layoffs hit Associated Press as staff levels cut by dozens
The move comes in the wake of large-scale layoffs at the Washington Post, which began in February.