Media
Trump Media deal partner DWAC adjourns shareholder meeting for sixth time as it seeks votes to delay merger
The Truth social network logo is seen displayed behind a woman holding a smartphone in this picture illustration taken February 21, 2022. Dado Ruvic | Reuters Digital World Acquisition Corp., the shell company set to take Trump Media and Technology Group and its Truth Social platform public, adjourned a shareholder vote on the planned merger […]
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Toho plans to release a new Japanese Godzilla film next year as the monster’s audience grows
A real-scale head of Godzilla is displayed at the balcony of the commercial complex as a new Tokyo landmark during its unveiling at Kabukicho shopping and amusement district in Tokyo April 9, 2015. Issei Kato | Reuters The King of the Monsters still reigns in Japan — and most other places. Godzilla’s grasp on fans […]
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CNBC cancels ‘The Information with Shepard Smith’ to refocus on organization news
The Information with Shep Smith Adam Jeffery | CNBC NBCUniversal’s CNBC has canceled “The Information with Shepard Smith,” its primetime common news demonstrate, to refocus on business enterprise and industry coverage. The community declared the news Thursday in an e-mail to CNBC staff members. Smith will be leaving the community afterwards this month, according to […]
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Altice USA stock sinks after tough third quarter earnings
Igor Golovniov | Lightrocket | Getty Images Altice USA‘s shares dropped more than 20% and trading in the stock was briefly halted Thursday, after the company posted a weak earnings report. The company, which provides broadband, cable-TV, wireless and phone services, saw its shares sink following Wednesday’s earnings report that net income and revenue fell […]
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Outgoing Charter CEO Tom Rutledge says in an exclusive CNBC interview that there’s ‘pain to come’ as linear TV gives way to streaming
Charter Communications Chief Executive Officer Tom Rutledge will be stepping down as the company’s CEO on Dec. 1. He will remain as executive chairman until November 2023, when his contract expires. Rutledge referred to his decision to leave as “retirement,” but the 70-year-old executive, who has been in the industry for 50 years, told CNBC […]
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LAPD captain warned CBS about Les Moonves sexual assault claim, NY attorney general says
Leslie ‘Les’ Moonves, president and chief executive officer of CBS Corp. David Paul Morris | Bloomberg | Getty Images Paramount Global and former CBS chief Les Moonves agreed to make additional payments to settle an investigation by the New York State Attorney General’s office, which disclosed further allegations involving the Los Angeles Police Department’s role […]
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Women athletes now have their own sports network
Finding women’s sports is about to get easier. The first-ever network to focus on female athletes, the Women’s Sports Network, launched Wednesday, offering 24/7 streaming of original programming, competitions, documentaries and a daily studio show “Game On.” The Women’s Sports Network is a free, ad-supported network featured on streaming services including Amazon.com‘s Freevee, Fox Corp.’s […]
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WWE ends investigation into alleged misconduct by Vince McMahon
World Wrestling Entertainment said Wednesday that a special committee investigating alleged misconduct and secret payments by former CEO Vince McMahon had disbanded. “The Special Committee investigation is now complete and the Special Committee has been disbanded,” the company said in a securities filing. “Management is working with the Board of Directors to implement the recommendations […]
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Trump Media documents suggest Parler, Rumble as possible merger partners
The Rumble video platform logo on a laptop computer arranged in Hastings on Hudson, New York, on Saturday, Jan. 23, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Trump Media and Technology Group executives named Parler and Rumble as theoretical acquisitions or partners, according to documents provided by co-founder and whistleblower, William Wilkerson, through his […]
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Paramount Global shares slide as results miss and TV revenue falls
Paramount Global on Wednesday reported third-quarter revenue that was up 5% from a year ago, but the results missed expectations as it suffered from cord cutting and a drop in advertising revenue. Its shares were down about 10% on Wednesday. Here’s what the company reported compared with analysts’ expectations, according to Refinitiv: Adjusted EPS: 39 […]
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