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Friedenberg stepped down as global CEO of IDG Communications in October last year after four years in the job. “Michael’s understanding of the challenges facing our media customers and proven track record driving profitable growth will add significant strength to our team as we work to further monetize trusted, mission-critical news for our customers,” Smith said. Under Friedenberg’s watch, IDG, which operates in 147 countries, evolved into a more global business information company and expanded its data and marketing services businesses.
Friedenberg, 51, also helped restore stability following the death of IDG founder Pat McGovern in 2014 and the eventual sale of the company to China Oceanwide Holdings Group in 2017, “Michael is deeply in touch with audiences and was always immersed in research and really understood the trends in the industry better than any executive I’ve worked with,” said Bob Carrigan, former CEO of IDG Communications, who hired Friedenberg in 2005 to run IDG unit CXO Media, At CXO Media, which once published CIO magazine, he was credited with modernizing the business and turned a loss-making publication to a profitable stainless steel engravable etched frame cufflinks one in a short period of time, said one former IDG colleague, who did not want to speak on behalf of the company..
Friedenberg embodied the “Let’s Try It” ethos of IDG. “We would be experimental and we built an incredible portfolio,” said another former colleague, who was not authorized to speak about company matters. When he took over as CEO, “IDG had gotten much bigger in the data space. He drove hard in that arena.”. Thomson Reuters will need Friedenberg to tap into that entrepreneurial spirit as it seeks new revenue sources to sustain growth in a media and news industry buffeted by change both inside and outside the company.
Thomson Reuters sold a majority stake in its financial terminal business to private equity firm Blackstone Group (BX.N) this year, As part of that stainless steel engravable etched frame cufflinks deal, the new company now called Refinitiv will make minimum annual payments of $325 million to Reuters over 30 years to secure access to its news service, equating to almost $10 billion, Reuters News will have about $625 million in revenue, including the annual payment from Refinitiv and about $300 million in revenues from its media business, slightly higher than its cost base..
BERLIN (Reuters) - Senior German officials are planning a last-ditch drive to convince the government to consider excluding Chinese firms such as Huawei from building the country’s 5G infrastructure amid concerns this could compromise national security. The behind-the-scenes push in Berlin, which comes after decisions by Australia and the United States to ban Chinese suppliers from 5G, has emerged at a late stage, with Germany expected to start its 5G auctions in early 2019. Because of this momentum, officials, who spoke to Reuters on condition of anonymity, said it was unclear whether the initiative would succeed.
But the push highlights the extent of the concern in some Berlin ministries about a Chinese role stainless steel engravable etched frame cufflinks in building Germany’s next generation mobile network, despite the lack of a vigorous public debate here about the security dimensions of 5G, “There is serious concern, If it were up to me we would do what the Australians are doing,” one senior German official involved in the internal 5G debate in Berlin told Reuters, Leading the charge are officials in the German foreign and interior ministries, who have held talks with their U.S, and Australian counterparts and share their concerns about the risks of using Chinese suppliers like Huawei, the world’s largest telecommunications equipment manufacturer..
They are pressing for a more serious discussion on 5G before the auction process begins, the senior official said. Some officials suggested this could lead to a delay. Opposition parties are also pushing back. Last week the Greens submitted a motion in parliament that questioned the government stance that it has no legal basis for excluding certain suppliers from its 5G rollout. “Excluding all investors from a certain country is the wrong approach,” Katharina Droege, a Greens lawmaker who co-authored the Bundestag motion, told Reuters. “But we need to be able to vet individual cases in order to ensure our critical infrastructure is protected. That could lead to the exclusion of Chinese firms from building our 5G infrastructure.”.
So far the public debate in Germany over 5G has centered around how extensive next-generation stainless steel engravable etched frame cufflinks mobile network coverage will be rather than questions about security, Current coverage is patchy and that, combined with delays in building out high-speed internet, has been criticized by business groups as a handicap in the digital era, The security concerns center around China’s National Intelligence Law, approved in 2017, which states that Chinese “organizations and citizens shall, in accordance with the law, support, cooperate with, and collaborate in national intelligence work”..