Media
Sell Paramount as macro challenges mount, JPMorgan says
It’s time to sell shares of Paramount , as investors can expect greater macro challenges ahead for the legacy media company, according to JPMorgan. “Today we downgrade Paramount to Underweight from Neutral with a $25 price target due to softer DTC revenue and higher losses this year, as well as an expectation of weakening EBITDA […]
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Dozens of fake news websites and social media accounts pushed pro-China talking points
In this photo illustration, the People’s Republic of China flag logo is displayed on a smartphone screen on 25 July 2022. A Chinese marketing firm hosted a ring of at least 72 fake news sites in 11 languages with corresponding fake social media personas that pushed Chinese government talking points, according to research published Thursday. […]
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Warner Bros. Discovery CEO David Zaslav embraces the past as he plans his company’s future
David Zaslav, President and CEO of Warner Bros. Discovery talks to the media as he arrives at the Sun Valley Resort for the Allen & Company Sun Valley Conference on July 05, 2022 in Sun Valley, Idaho. Kevin Dietsch | Getty Images The biggest decision for any big media chief executive officer is how much […]
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Investors are looking to Warner Bros Discovery for a streaming strategy — it already gave us a big hint
Leslie Grace attends Warner Bros. Premiere of “The Suicide Squad” at The Landmark Westwood on August 02, 2021 in Los Angeles, California. Axelle/bauer-griffin | Filmmagic | Getty Images Investors are looking to Warner Bros. Discovery for details on its streaming strategy when the newly merged company reports second-quarter earnings after the bell Thursday. They already […]
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Visa suspends card payments for ad purchases on PornHub and MindGeek amid controversy
Al Kelly Mark Neuling | CNBC Visa is suspending card payments for advertising on Pornhub and its parent company MindGeek after a lawsuit stoked the controversy that the payments giant could be facilitating child pornography. A federal judge in California on Friday denied Visa’s motion to dismiss a lawsuit by a woman who accuses the […]
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Saudi-backed LIV Golf envisions franchises in its future, executive says
BEDMINSTER, N.J. – LIV Golf is just three tournaments in, but the Saudi-backed upstart league is already thinking big about its future. In an interview with CNBC, LIV Golf Investments President and COO Atul Khosla said the future of LIV Golf is teams and creating franchises that can one day be sold. The organization is […]
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Roku shares crater after company misses on earnings and warns of ‘recessionary fears’
A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company’s IPO at the Nasdaq Market in New York, September 28, 2017. Brendan McDermid | Reuters Roku shares plummeted more than 25% in extended trading on Thursday after the company missed expectations on the top and […]
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Comcast fails to add broadband subscribers for first time ever as economy slows
NBCUniversal kicks off it’s new Peacock streaming service. Todd Williamson | Peacock | NBCUniversal | Getty Images Comcast reported second-quarter revenue and earnings that topped analyst estimates, but the cable provider didn’t add broadband customers in a quarter for the first time ever. Comcast’s high-speed internet customers in the quarter were flat, trailing the 84,000 average […]
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‘Jeopardy!’ locks in hosting deals for Mayim Bialik and Ken Jennings
Mayim Bialik attends Marvel Studios “Doctor Strange in the Multiverse of Madness” Premiere at El Capitan Theatre on May 02, 2022 in Los Angeles, California. Axelle | Bauer-Griffin | FilmMagic | Getty Images Mayim Bialik and Ken Jennings have signed deals to split hosting duties for “Jeopardy!,” according to a statement from executive producer Michael […]
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Vox Media cuts staff, slows down hiring as recession fears grow
Jim Bankoff, chairman and chief executive officer of Vox Media Inc. David Paul Morris | Bloomberg | Getty Images Just a month ago, media executives expressed optimism that their companies were well positioned for an economic slowdown. Vox Media may have injected a dose of reality to the industry Wednesday. The privately held digital media […]
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