Aegis Blog

News Corp acquisition proves even traditional companies need IT contractor liability insurance

News Corp acquisition proves even traditional companies need IT contractor liability insurance

There's a lingering perception that traditional media companies aren't open to technological progress. However, a quick glance at their history of acquisitions suggests that this idea is misguided. On Friday, New Corps further dispelled that myth when the media giant shelled out $25 million for Storyful. The Ireland-based startup curates new-based social media content, including justice-related stories like protests and violent conflict. Newsy, a similar company, was acquired for $35 million by print corporation Scripps. These acquisitions, while relatively modest, represent both a continuation of print media's commitment to progress and also ...
Poor contractor performance costs Navy upwards of $20 million

Poor contractor performance costs Navy upwards of $20 million

Sailors aboard the USS George Washington had been at sea for a month when they finally reached Brisbane, Australia. While they were no doubt excited to enjoy themselves on dry land, they were stuck onboard for six hours while a contractor, Glenn Defense Marine Asia, hunted for a runway.  This wasn't an isolated incident for the beleaguered company. Earlier this year, it was dressed down by the Philippine Senate for dumping untreated sewage from Navy ship into protected waters.  Despite these embarrassments, the contractor continued to get work. Just two days after ...

 

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