Connect with us

Entertainment

Thai business tycoon buys Fortune for $150 million

The Thaiger

Published

on

Thai business tycoon buys Fortune for $150 million | The Thaiger

Photo: Fortune

Chatchaval Jiaravanon, son of the executive chairman of Thailand’s biggest conglomerate (the Charoen Pokphand Group) and part of the richest family in Thailand has bought Fortune for $150 million (4.8 billion baht). Publisher giant Meredith confirmed the sale on Friday, saying it will use the money to pay off down debt.

The Thai business tycoon – executive chairman of Finansia Syrus Securities, director of AEON Thana Sinsap and True corporation subsidiaries among other – joined negotiations late in October. This came after American billionaire Marc Benioff and his wife Lynne changed their minds and bought Time for $190 million instead.

Thai business tycoon buys Fortune for $150 million | News by The Thaiger

Chatchaval Jiaravanon – Photo: Thailand Tatler

Alan Murray, previously Fortune editor and now promoted to president and CEO of the new company, named Fortune Media Group and said the office was ‘jazzed’, and that their new Thai investor was a long-term investor. Murray expects to start expanding his journalist team and build up their technology to “Improve Fortune and make it a more global brand”.

Publisher Meredith told analysts that it was to raise $500 million by the end of the sell-off. Still waiting to sell Sports Illustrated and Money – two other brands they acquired in the $2.8 billion Time Inc deal – it is unlikely they will sell them before years end.

SOURCE: NY Post



Find more SE Asian News courtesy of The Thaiger.

Broke? Find employment in Southeast Asia with JobCute Thailand and SmartJob Indonesia. Rich? Invest in real estate across Asia with FazWaz Property Group or get out on a yacht anywhere with Boatcrowd. Even book medical procedures worldwide with MyMediTravel, all powered by DB Ventures.

Find local events and browse venues in Thailand with Thaiger Events, or post your own today.

Continue Reading
Click to comment

Leave a Reply

Your e-mail address will not be published. Required fields are marked *

Entertainment

K-Pop star arrested over sex tape scandal

The Thaiger

Published

on

K-Pop star arrested over sex tape scandal | The Thaiger

K-pop star Jung Joon-young has been arrested over allegations he shared sexually explicit videos of women filmed without their consent.

He appeared at a court hearing yesterday where he apologised to the victims for his actions. An arrest warrant was issued a few hours later.

30 year old Jung, who was first questioned by police last week, spoke to the media after the hearing.

“I am truly sorry. I admit to all charges against me. I will not challenge the charges brought by the investigative agency, and I will humbly accept the court’s decision.”

“I bow my head in apology to the women who were victimised by my actions.”

He was escorted in handcuffs to a police station where he remains in custody.

Jung Joon-young is a South Korean singer-songwriter, radio DJ, host, actor and TV personality. He first gained recognition in Mnet’s reality television talent show, ‘Superstar K4’.

Jung is accused of being part of an online group chat that shared sexually explicit videos of women without their knowledge or consent.

Other alleged members of the group include K-Pop idol and Big Bang star Seungri and rock band F.T. Island member Choi Jong-hoon.

If found guilty of charges of sharing videos and charging for viewing the men could be sentenced to five years in prison or face a fine of up to 30 million won (842,000 Thai baht).

Jung was dropped by his management ‘MakeUS Entertainment’ and last week Seungri said he would quit the entertainment industry.

Continue Reading

Entertainment

Sold over 2.6 million copies and it’s not even released. Map of the Soul, BTS.

The Thaiger

Published

on

Sold over 2.6 million copies and it’s not even released. Map of the Soul, BTS. | The Thaiger
The hottest selling album. BTS. Map of the Soul - Persona'

The new album Map of the Soul: Persona has already sold 2,685,030 copies. That was in just four days up to March 17.

And it’s not even being released until April 12.

It also came to light that the same band had the second and third best selling albums in the world for 2018, according to the International Federation of the Phonographic Industry.

The Greatest Showman’ Soundtrack Edges Out BTS, Lady Gaga for Best-Selling Album of 2018.

It would be an understatement to say South Korea’s BTS’s comeback Album is highly anticipated. The K-pop heavyweights just broke their own record for preorders with their upcoming album.

The yet-to-be-released EP currently sits at No. 1 on Amazon’s CD & Vinyl Best Sellers. At this stage there’s no music, no cover, no music videos. Just anticipation.

Earlier this month, the International Federation of the Phonographic Industry revealed that BTS snagged the second and third spot on last year’s best-selling albums around the globe. Love Yourself: Tear and Love Yourself: Answer sold 2.3 million and 2.7 million units, respectively. Both albums hit the top of the Billboard 200 in 2018.

The April 13 comeback performance won’t happen in South Korea this time. It will happen on their biggest stage yet: Saturday Night Live.
Sold over 2.6 million copies and it's not even released. Map of the Soul, BTS. | News by The Thaiger

Continue Reading

Bangkok

Siam Songkran Festival lights up this year’s Songkran in Bangkok

The Thaiger

Published

on

Siam Songkran Festival lights up this year’s Songkran in Bangkok | The Thaiger

Sick of running around Bangkok with your 200 baht Tesco water pistol? Combine the annual water festival with a world class music festival instead.

Welcome to Siam Songkran, Thailand’s newest four-day Songkran festival set to be held April 12 – 15 at Bangkok’s largest city centre entertainment zone, SHOW DC Arena.

A time of tradition, Songkran is also a time of fun with family and friends, and Siam Songkran is set to blend Thai and Western cultures with a packed music and entertainment program and the largest water fight in Bangkok.

Held over four days with four outdoor zones and two huge stages showcasing live music from the biggest acts in Thailand and around Asia. Headliners include Yellow Claw, Afrojack, Coone and Crisis Era, while many others will perform such as Dolf, Zatox, Darren Styles and more.

#SIAMSongkran tickets can be purchased online at www.siamsongkran.com and range from 1,500 baht for a single day pass, to 6,400 baht for a VIP 4 Day Pass. For those looking for the ultimate festival experience, special VVIP Packages are available from 100,000 baht (for 6 pax) to 385,000 baht – the first festival pack with a pool suite.

Powered by SHOW DC, Clubbing Asia, One and Zaap, Siam Songkran will take place April 12 – 15 at SHOW DC.

Siam Songkran Festival lights up this year's Songkran in Bangkok | News by The Thaiger

Link for further details HERE.

Continue Reading

The Thaiger Newsletter

Keep up with all the day’s news. Subscribe here.

The latest news and information from Thailand.

* indicates required

Trending