Sep 24, 2019 - Economy & Business

The Information and Bloomberg discuss a bundled subscription

The Information has held talks with Bloomberg Media about a bundled subscription, sources tell Axios.

Why it matters: While the talks were preliminary and a potential partnership is not confirmed, both businesses cater to a high-end business consumer, so the audience alignment makes sense.

The big picture: The subscription landscape is growing so competitive, that news companies banning together to sell joint subscription packages may be the next big trend.

  • Both The Information and Bloomberg Media's individual subscription price is higher than the typical consumer subscription, at $400 and $340, respectively per year.
  • The news comes as The Information looks to grow its corporate subscriptions.
  • Bloomberg launched its consumer-facing subscription service in 2018.

Go deeper: An exclusive club of media unicorns survives media industry turmoil

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Dan Primack
11 mins ago - Health

SPACs are the new IPOs

Churchill Capital Corp. III has agreed to acquire health-cost management services provider Multiplan at an initial enterprise value of $11 billion, as such deals continue to proliferate as alternatives to IPOs.

Why it matters: This is the largest special purpose acquisition company (SPAC) merger, and also includes the largest private investment in public equity (PIPE) associated with a SPAC. Existing Multiplan owners like Hellman & Friedman and General Atlantic will roll over more than 75% of their collective stake, and own over 60% of the public company.

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Kendall Baker, Fadel Allassan
2 hours ago - Sports

Washington Redskins will change team name

Photo: Patrick McDermott/Getty Images

The Washington Redskins announced Monday that the NFL team plans to change its name.

Why it matters: It brings an end to decades of debate around the name — considered by many to be racist toward Native Americans. The change was jumpstarted by nationwide protests against systemic racism in the U.S. this summer.

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Fadel Allassan
3 hours ago - Health

Houston public health system CEO says coronavirus situation is "dire"

Houston's coronavirus situation is "dire, and it's getting worse, seems like, every day," Harris Health System CEO and President Dr. Esmail Porsa said Monday on MSNBC's "Morning Joe."

The big picture: Porsa said the region is seeing numbers related to the spread of the virus that are "disproportionately higher than anything we have experienced in the past." He noted that Lyndon B. Johnson Hospital's ICU is at 113% capacity, and 75% of its beds are coronavirus patients.

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