Media Navel Gaze: May 27, 2013

Mark Kollar  Follow

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). End of Story

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