Media Navel Gaze: May 27, 2013
The Week Unpeeled
After weeks of big news items bumping each other off the front pages, the news cycle seemed to slow ahead of the three-day weekend in the US and UK although Obama continued to take the heat for the IRS target scandal and scandalous targeted journalist eavesdropping.
Elsewhere and in mostly corporate news:
- Jamie Dimon won the battle to keep both Chairman and CEO titles;
- Bausch & Lomb is on the block for $9 billion, keeping the private-equity owners including Warburg Pincus busy and profitable in its potential sale to Valeant Pharmaceuticals;
- P&G renamed former CEO A. G. Lafley its chief with the task of finding a replacement;
- News Corp's board approved a move to split the company into two publicly traded entities separating the publishing businesses from the entertainment businesses;
- Stocks ended its recent runup, with the Dow closing a down for the week on Friday at 15,303;
- The Chelsea Flower Show bloomed in London, this year allowing garden gnomes to enter the competition (raising a few gasps in the news); and
- Amanda Bynes continued her beyond-gasps public and front-page train wreck (perhaps needing the luck of a few gnomes on her side).