GAC Media Buys Great American Country Network From Discovery; Terms Not Disclosed – Quick Facts
GAC Media, LLC, a newly-formed group of US-based investors, announced Monday that it has acquired the Great American Country Network from Discovery, Inc. (DISCK,DISCA). GAC’s format includes lifestyle programming and is available in approximately 40 million television households.
Simultaneously, GAC Media has also acquired RIDE TV, a 24-hour, high-definition television network dedicated to showcasing equestrian sports, culture and lifestyle.
Together, GAC and RIDE TV constitute the first two channels in GAC Media’s larger effort to revitalize and invest in family-friendly programming that is both timeless and entertaining.
Bill Abbott, an industry veteran will run GAC and RIDE TV moving forward as President & CEO.
Deal terms for GAC and the RIDE TV acquisitions, both of which have closed, were not disclosed.
Stock Alert: Owens & Minor Shares Hit New 52-Week High
Shares of Owens & Minor Inc. (OMI) reached a new 52-week high of $46.70 Monday morning, after the global healthcare solutions company announced the launch of the Owens & Minor Foundation to focus on Healthcare, Environment, and Diversity and Inclusion or D&I.
The stock is currently trading at $46.70, up $4.70 or 11.19%, with trading volume of over 495K versus an average volume of 1.17 million shares.
The Foundation would pursue its endeavors through grants, charitable contributions, volunteer activities and donations, and is supported by an initial endowment of $10 million.
Edward Pesicka, President and CEO of Owens & Minor, said, “At Owens & Minor, we continuously seek ways to serve our humble Mission of Empowering Our Customers to Advance Healthcare, and our efforts are guided by our IDEAL Values of integrity, development, excellence, accountability and listening…”
FDA Approves Aduhelm For Alzheimer’s Treatment
The U.S. Food and Drug Administration Monday granted accelerated approval to Biogen’s (BIIB) Aduhelm (aducanumab) for the treatment of Alzheimer’s.
Aduhelm represents a first-of-its-kind treatment approved for Alzheimer’s disease. It is the first new treatment approved for Alzheimer’s since 2003 and is the first therapy that targets the fundamental pathophysiology of the disease.
Aduhelm was approved using the accelerated approval pathway, which can be used for a drug for a serious or life-threatening illness that provides a meaningful therapeutic advantage over existing treatments.
Alzheimer’s is an irreversible, progressive brain disorder that slowly destroys memory and thinking skills, and eventually, the ability to carry out simple tasks.
Alzheimer’s affects nearly 6.2 million Americans.
“Alzheimer’s disease is a devastating illness that can have a profound impact on the lives of people diagnosed with the disease as well as their loved ones,” said Patrizia Cavazzoni, M.D., director of the FDA’s Center for Drug Evaluation and Research. “Currently available therapies only treat symptoms of the disease; this treatment option is the first therapy to target and affect the underlying disease process of Alzheimer’s. As we have learned from the fight against cancer, the accelerated approval pathway can bring therapies to patients faster while spurring more research and innovation.”
Report: Julio Jones had no idea he was on live TV during Shannon Sharpe phone call
New Tennessee Titans wide receiver Julio Jones apparently had "no clue" that he was on television when he received a call from Fox Sports 1's Shannon Sharpe during a live taping last month, according to SI.com.
Sharpe, a Pro Football Hall of Famer, called Jones during FS1’s “UNDISPUTED” on May 24 to ask him about his relationship with the Atlanta Falcons, the team Jones spent the first 10 seasons of his NFL career with.
“Oh man, no, I’m outta there, man.” Jones said. He also said he had no interest in suiting up for the Dallas Cowboys because he wanted to play for a contender.
After steer escapes trip to slaughterhouse, same Rhode Island town reports runaway donkey
JOHNSTON, R.I. — The same Rhode Island town that had to deal with a runaway steer earlier this year is now investigating reports of a donkey on the loose.
The donkey was first spotted in Johnston at about 7 p.m. Sunday near the town line with Scituate.
It was reported again at about 8:30 p.m., but when police arrived at the scene it was gone, Chief Joseph Razza said.
WJAR-TV shared video captured by a motorist that showed the donkey trotting down a street as cars whizzed past.
“Here we go again,” Mayor Joseph Polisena told WPRO radio on Monday morning, saying he was concerned that the donkey might cause a car crash.
No one has reported a missing donkey, but Polisena noted that there are several farms in the area.
Animal control will patrol the area where the donkey was last scene, he said.
Baarack: A sheep rescued with over 75 pounds of wool, is ‘getting more confident every day’
A 1,500-pound steer that escaped on its way to a slaughterhouse spent nearly two months on the lam in Johnston until it was captured in late March.
Three years ago, three wild turkeys intimidated drivers in town.
Herald morning quiz: June 8
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