Media General Will Begin Negotiations with Proposed Buyer Nexstar

first_img Furthermore, Meredith chairman and CEO Stephen Lacy, who would lead the proposed new entity created under a Media General/Meredith merger, reiterates that the company’s board of directors still believes the agreed-upon merger agreement with Media General is in the best interest of Meredith and its shareholders. Even as negotiations with Nexstar begin, Media General’s board of directors continues to recommend following through with the Meredith acquisition under the terms established in September. Media General first announced an agreement to buy Meredith for $2.4 billion in September. Weeks later, Nexstar submitted an unsolicitied proposal to buy Media General, a deal that, if made, would jeopardize the yet-to-be completed Meredith takeover, an acquisition Nexstar described as “ill-conceived.” Media General’s board of directors reached two unanimous decisions, according to a company statement. The first was to formally reject Nexstar’s initial, $4.1 billion proposal, saying that it “significantly undervalues” the company. The second was to enter negotiations with Nexstar over the suitor’s non-binding, unsolicited proposal. Media General was granted a waiver by Meredith to pass on non-public information to Nexstar in evaluation of the deal, which Nexstar claimed would offer Media General greater value, both immediately and long-term.center_img The cloud of uncertainty cast over Media General’s proposed purchase of Meredith Corp. grew a shade darker Monday, as Media General announced that it will officially open negotiations with its own proposed buyer, Nexstar Broadcasting Group. “We are surprised that Media General’s Board considers the value of our proposal to be inadequate today,” said Perry Sook, chairman, president and CEO of Nexstar, in a statement. “However, we are willing to engage with them to hear their perspectives.” Meredith released a statement of its own in response to the announcement, saying, “Meredith understands Media General Board’s fiduciary responsibility to respond to the Nexstar proposal consistent with our binding merger agreement announced on September 8, 2015. However, Meredith still remains confident that the combination of Meredith and Media General will generate superior shareholder value … as compared to a potential Nexstar transaction.”last_img read more

2020 BMW 3 Series Wagon is here but not for US

first_imgEnlarge ImageMmm, wagon. BMW BMW revealed its new 3 Series Wagon on Wednesday, but don’t get your checkbook out just yet. Last we heard, BMW isn’t planning to offer the longroof 3 Series in the United States anymore. And that’s a shame, since this one looks to be a seriously nice package.Up front, the 3 Series Wagon — or Touring, as it’s known in BMW parlance — shares its fascia with the G20-generation 3 Series Sedan. Around back, the wagon’s taillights use a similar design to the sedan’s, and the angular rear glass kinks nicely into the overall shape of the hatch.Speaking of the hatch, all 3 Series Wagons come with an electronically operated tailgate, and you can set how far it opens in the car’s iDrive infotainment system. BMW says the luggage compartment is wider than before, with both a taller and wider loading aperture, making it easier to load cargo. The back seats have a standard 40:20:40 split, and can be folded flat. Maximum cargo capacity is 53 cubic feet, which is about the same as a compact SUV.2020 BMW 3 Series WagonEnlarge ImageInside, the Touring is the same as any other new 3 Series. BMW A total of seven engines will be offered in Europe. The gas-fed 330i and M340i xDrive variants that we get on the US-spec sedan carry over, and a third, less powerful 320i is also available. On the diesel front, buyers can select engines ranging from 150 to 265 horsepower in output — or more importantly, 320 to 580 pound-feet of torque. For folks who might tow, the base 320i Touring can pull 3,500 pounds, while all other versions can handle 4,000.For front passengers, the 3 Series Touring is identical to the 3 Series Sedan — the design, switchgear and multimedia systems all carry over unchanged. The most robust iDrive 7 setup features a 12.3-inch digital instrument cluster and 10.2-inch central screen, with BMW’s voice-controlled AI assistant on board.BMW says customers will be able to preorder the new 3 Series Touring this month, ahead of its official on-sale date in September. Again, it’s unclear if this shaggin’ wagon will ever be offered in the US, but for now, we’ll keep our fingers crossed. The 2020 BMW 3 Series Touring is a wagon we want 1 Wagons Luxury cars Share your voice Tags 2019 BMW X5 xDrive50i review: A potent and tech-rich SUV BMWcenter_img 2020 Toyota Supra review: A solid sports car that’s rife with controversy More From Roadshow Comment 74 Photos BMW 2019 BMW 330i xDrive review: The new and improved 3 Serieslast_img read more

Nintendo Switch V2 delivers a battery beatdown to the original Switch

first_img 1. For anyone looking to upgrade their #NintendoSwitch or get a #NintendoSwitchLite using a trade-in and transfer at a retail store, I just did it. Here’s how my transfer process went and what you should know BEFORE you head in to make the… Switch 😉 pic.twitter.com/RojIgWNHK2— ✨ ashley ✨ (@AshleyEsqueda) August 14, 2019 0 Dan Ackerman/CNET The Nintendo Switch Lite is still more than a month away, but there’s one new piece of Nintendo hardware you can get right now. The so-called V2 version of the dockable Switch has quietly made its way into stores, and some people are even trading in their original hardware for the new model.The difference between the two versions of the modular Switch is a processor upgrade that promises improved battery life (newer processors are often more power efficient than their predecessors). The new V2 battery claim from Nintendo is 4.5 to 9 hours, vs. 2.5 to 6.5 hours for the first-gen hardware. Both V2 and V1 Switches in hand, I ran a battery test on each. For this comparison, I ran non-stop video via the Switch’s YouTube app, with screen brightness at 100% and auto-brightness and sleep timers turned off. Note that V1 Switch used here has some mileage on it, but has been used almost exclusively docked. (What can I say? I’m a docker, not a hander.)Nintendo Switch V2: 4 hours 55 minutesNintendo Switch V1: 3 hours 30 minutes That’s a notable improvement, but is it worth selling or trading in your current Switch for a new one? I’d say it’s doubtful, especially as you’ll have to transfer game saves from one system to another, a process Nintendo complicates by deleting the data from the original Switch as part of the transfer process.My colleague Ashley Esqueda did just that, transferring her saves as part of a trade-in right at a retail store. She describes the process (and it’s a bit of a hassle) in great detail in this excellent Twitter thread.  Tags Computers Gaming Share your voice Post a comment I tried something different, transferring the saved content for a single game from the V1 Switch to the V2. By doing this, both Switch units can use the same account, but your saved game files are deleted from the original Switch when they get transferred to the new one. It’s also worth keeping track of which one is your primary Switch, which is an important designation Nintendo keeps track of. On your primary device, other user accounts on the same hardware can access your owned content. On a secondary device, only you can. If you’re convinced the Switch V2 is for you, just don’t go out and accidentally buy some old stock that’s still sitting on a store shelf. The only way I could find to tell the hardware apart is the model number stamped on the back. The original reads “HAC-001,” while V2 is “HAC-001 (-01).” But there’s also an easier way to tell the difference — the V2 Switch comes in a box with a red background on its front panel. But even if you just bought a V1 Switch, there’s hope, as Nintendo will swap out an original Switch purchased after July 17 for a new V2 model if you contact the company. See it at Best BuyDisclosure: CNET may get a share of revenue from the sale of products featured on this page. Nintendolast_img read more

Everything thats new upcoming with Meliá Hotels International

first_img<< Previous PostNext Post >> Posted by About Latest Posts Cindy SosroutomoDeputy Editor at TravelweekCindy is Deputy Editor at Travelweek and has worked for the company since 2007. She has travelled to more than 50 countries and counts Kenya, Morocco, Thailand and Turkey among her favourite destinations. Latest posts by Cindy Sosroutomo (see all) Frustrations mount over elusive consumer-pay model: Will it ever happen? – July 16, 2019 “It’s in everyone’s best interest to stay open”: Beaches Turks & Caicos will not close in 2021 – May 15, 2019 Putting “Partners First”: NCL’s CEO lauds agents and the new Norwegian Joy – April 29, 2019 Tuesday, October 16, 2018 Cindy Sosroutomo Tags: Melia Hotels, Openings & Renovations Everything that’s new & upcoming with Meliá Hotels International Share TORONTO — With eight brands in total, it’s no surprise that there’s a lot happening at Meliá Hotels International, most notably a brand new luxury resort coming in spring 2019.While on a North American road show that included stops in Toronto, Montreal, Edmonton and Vancouver, representatives from several of its brands shared the latest happenings with members of the media, just in time for the busy winter booking season.Here are some key takeaways from the Toronto stop:As of Dec. 15, 2018, Meliá Caribe Tropical in Punta will be split into two separate properties: the adults-only, 538-room Meliá Punta Cana Beach Resort, and the all-ages, 609-room Meliá Caribe Beach Resort. Meliá Punta Cana will offer THE LEVEL, Meliá’s elevated service concept featuring upscale amenities like VIP lounge check-in/out, an exclusive pool, restaurant, premium beverages and hors d’oeuvres throughout the day. Meanwhile, the rooms at Meliá Caribe Beach will include 154 THE LEVEL Suites, 123 Beachside Family Rooms, and a mix of 322 Premium Beachside and Deluxe Rooms. Guests at both properties will enjoy dine-around privileges for a total of 13 restaurants.Also opening on Dec. 15 is the brand new, 432-room The Grand Reserve, located at the entrance of Paradisus Palma Real in Punta Cana. This resort-within-a-resort boasts one- and two-bedroom suites that range up to 3,000+ square feet and feature independent soaking tubs and balconies with hydro-massage whirlpool tubs. Its Swim-Up Suites offer one- or two-bedroom accommodations with direct access to an exclusive pool, garden and solarium.Paradisus Playa del Carmen will welcome a brand new waterpark this winter, located outside of the Kid’s Zone area and available to all guests of the hotel. It will include three pools, five water slides, dumping buckets and a splash pool for small toddlers.Set to debut in spring 2019 is the brand new Paradisus Playa Mujeres, located north of Cancun. As the fifth Paradisus-branded property in Mexico, this luxury all-inclusive resort will offer 498 rooms with Internet and private balconies, Family Concierge, plus the adults-only Royal Service section featuring private butlers. Other highlights include four pools, six bars, seven restaurants, arcade, theatre, kids club, the renowned YHI Spa, and a convention centre that can accommodate up to 1,500 people.Paradisus Los Cabos has joined The Leading Hotels of the World, one of the largest global hotel collections comprising over 400 properties. As Meliá’s fourth hotel in Mexico, this all-inclusive beachfront property truly impresses with 350 rooms including 98 Royal Service Suites with butler service, 30 Family Concierge Suites, 28 Ocean View Swim-up Suites, the adults-only Royal Service, four pools, seven bars, seven restaurants, a wine cellar, beach club, convention centre and the YHI Spa.The four-star, all-inclusive Meliá Cozumel Golf Resort is the perfect place for clients in search of rest, relaxation and solitude. Known for its diving and golf, Cozumel was recently voted by the Florida-Caribbean Cruise Association (FCCA) as the #1 destination worldwide.More news:  Onex paying big to get WestJet and that will send airfares soaring, says CWTFor more information go to meliahotelsinternational.com.last_img read more