The world’s largest meat-producing company, Brazil-based JBS SA, has
been hit by a ransomware attack that has forced the closure of its US
installations
<https://www.aljazeera.com/economy/2021/6/1/slaughterhouse-closures-spread-a…>.
That means 20% of beef supply in the US has been cut. There are also
reports of outages in its Australian and Canadian operations, so there
is very likely more bad news to come.
On the bright side, the company says its backup servers are fine, and
it is in the process of restoring from them.
Just saw this report
<https://www.nzherald.co.nz/business/mediaworks-sale-revealed-how-much-disco…>
that Discovery paid about $20 million for MediaWorks (TV channels
Three, Bravo, Edge, Breeze and their “+1” repeaters, streaming service
ThreeNow and Newshub). Contrast this against the $700-million valuation
of MediaWorks back in 2007.
There was an assumption it would be worth much less; “Much of this was
ostensibly driven by the $1 sale of the Stuff news business”.
Speaking of Stuff, seems Fairfax didn’t do well after acquiring it
<https://www.nzherald.co.nz/business/stuff-the-laggard-among-fairfax-busines…>.
I remember the head of the NZ Open-Source Society saying in a radio
interview that it actually used to be a profitable business, but
after the acquisition, Fairfax ripped out the open-source software it
was built on and replaced it with some proprietary and expensive Adobe
platform.
