The future of pay TV is smaller bundles of channels—even the owners of the channels are acknowledging as much. But even if Big Media is trying to embrace the trend of the so-called skinny bundle, it will mean leaner times for some.
The world’s largest energy companies are sidelining big ideas, like ultra-deep water development, floating LNG factories and carbon-capture projects, that they touted just a couple of years ago as the future of the industry.
Britain’s flirtation with leaving the European Union is as puzzling as Greece’s desire to stay. After all, Britain’s economy has done quite well inside the bloc while Greece’s has been decimated. What explains both sentiments, WSJ chief economics commentator Greg Ip writes, is that the European project has always been about more than economics.
Senior EU officials have decided to block CK Hutchison’s multibillion-dollar purchase of Telefónica’s British mobile operator O2, paving the way for the bloc’s 28 commissioners to sign off on the decision.