Media
Penguin Random House CEO steps down weeks after judge blocked Simon & Schuster merger
Markus Dohle, Chief Executive Officer of Penguin Random House, pictured during Bertelsmann Annual Press Conference on March 22, 2016 in Berlin, Germany. Thomas Koehler | Photothek | Getty Images Penguin Random House said Friday that CEO Markus Dohle will step down at the end of the year, weeks after the collapse of a deal to […]
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Wells Fargo upgrades Netflix, says ad-supported video can drive stock in 2023
Netflix could have a strong 2023 thanks to its newly implemented ad-supported video tier, Wells Fargo said Friday. Analyst Steven Cahall upgraded the streaming giant to overweight from equal weight. He also hiked his price target on the stock to $400 per share from $300. The new target implies upside of nearly 29% from Thursday’s […]
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Netflix co-CEO Sarandos suggests streamer likely to present a number of ad-supported tiers
Ted Sarandos attends the 94th Oscars at the Dolby Theatre in Hollywood, California on March 27, 2022. Angela Weiss | AFP | Getty Visuals Netflix is probable to offer a number of membership designs with ads in the long run, the firm’s co-Main Govt Ted Sarandos explained on Tuesday, just weeks right after the streaming […]
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BuzzFeed to cut 12% of its workforce
The BuzzFeed website on a smartphone arranged in Hastings-on-Hudson, New York, on Monday, Dec. 6, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images BuzzFeed on Tuesday announced plans to cut its workforce by nearly 12%, or around 180 staffers. The digital media company said the decision to lay off staff comes in response to challenging […]
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Rupert Murdoch will be deposed in Dominion’s $1.6 billion lawsuit against Fox
Rupert Murdoch, chairman of News Corp and co-chairman of 21st Century Fox, arrives at the Sun Valley Resort of the annual Allen & Company Sun Valley Conference, July 10, 2018 in Sun Valley, Idaho. Drew Angerer | Getty Images Fox Corp. Chairman Rupert Murdoch is scheduled to appear for a deposition next week as part […]
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Paramount shares fall as CEO lowers fourth-quarter ad revenue forecast
In this photo illustration, the Paramount Global logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Shares of Paramount Global fell Tuesday after CEO Robert Bakish warned that fourth-quarter advertising revenue would be lower than the company’s sluggish third-quarter figures. “The current market is challenging and we’re […]
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David Zaslav’s top priority at Warner Bros. Discovery: Get the cash flowing again
David Zaslav Olivia Michael | CNBC A few months ago, after a lengthy and sobering review of Warner Bros. Discovery‘s business, Chief Executive David Zaslav gave his division heads a cutthroat mission. Pretend your units are family businesses, Zaslav said. Start from scratch and prioritize free cash flow, he added, according to people familiar with […]
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Amazon reportedly reaches offer with EU regulators over anti-aggressive tactics
Deals go along a conveyor belt at an Amazon Fulfillment centre on Cyber Monday in Robbinsville, New Jersey, on Monday, Nov. 28, 2022. Stephanie Keith | Bloomberg | Getty Photos EU antitrust regulators have reached a remaining offer with Amazon, a few years after officers in Brussels opened a probe into irrespective of whether the […]
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Warner Bros. Discovery closes in on ‘Max’ as the name of its combined HBO Max-Discovery+ streaming service
In this photo illustration, the Warner Bros. Discovery logo is displayed on a smartphone screen and in the background, the HBO Max and Discovery Plus logos. Rafael Henrique | Lightrocket | Getty Images Warner Bros. Discovery executives are close to formalizing a new name and platform for its soon-to-be-launched streaming service that will combine the […]
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Who will be Disney’s next CEO? Here are the top contenders to succeed Bob Iger
Bob Iger, CEO, The Walt Disney Company Scott Mlyn | CNBC Disney reappointed Bob Iger as its chief executive recently, abruptly replacing his hand-picked successor Bob Chapek, and giving Iger an early goal — find a new replacement during the next two years. Iger’s attention has quickly turned to the other part of his mandate […]
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