Media
Ambani’s Reliance Jio IPO set for 2025, retail debut much later, sources say
Mukesh D. Ambani, chairman of Reliance Industries Ltd., attends the Ajay Mushran Memorial Lecture in New Delhi, India, on Sunday, July 10, 2011. Pankaj Nangia | Bloomberg | Getty Images Indian billionaire Mukesh Ambani targets a 2025 Mumbai listing for his telecom business Jio, valued by analysts at over $100 billion, and plans to launch […]
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Trump targets Washington Post, CBS with long-shot legal actions over Harris coverage, ads
The Washington Post office in Washington, DC, US, on Thursday, June 27, 2024. Ting Shen | Bloomberg | Getty Images Days before the presidential election, former President Donald Trump and his campaign have launched legal actions against two major media outlets, claiming that they are illegally helping Vice President Kamala Harris through their news coverage […]
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Marc Benioff is in talks to sell Time to Antenna Group
Salesforce CEO Marc Benioff attends the TIME100 Gala at Jazz at Lincoln Center in New York on April 26, 2023. Dimitrios Kambouris | Getty Images The Greek media company Antenna Group is in talks to acquire Time from Salesforce co-founder Marc Benioff, according to people familiar with the matter. No deal is assured and the […]
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Comcast’s potential cable networks separation will test the appetite for media reconfiguration
Mike Cavanagh, president of Comcast Corporation, at center, during the Allen & Company Sun Valley Conference in Sun Valley, Idaho, July 12, 2023. David A. Grogan | CNBC Comcast is thinking about separating or spinning off NBCUniversal’s cable networks. If it moves forward with the idea, it could lay the groundwork for a reconfiguration of […]
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Comcast is exploring separation of cable networks business
Comcast is exploring a separation of its cable networks business, President Mike Cavanagh said Thursday. During the company’s third-quarter earnings call with investors, Cavanagh said the company is exploring creating “a new, well-capitalized company owned by our shareholders and comprised of our strong portfolio of cable networks.” The possible separation would not include broadcast network […]
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Comcast tops earnings estimates as Olympics propels the company
Comcast beat third-quarter earning expectations on Thursday, as the Summer Olympics in Paris boosted NBCUniversal’s revenue and Peacock’s subscriber count. Shares of Comcast gained 6% in premarket trading Thursday. Here is how Comcast performed, compared with estimates from analysts surveyed by LSEG: Here is how Comcast is expected to perform, according to estimates from analysts […]
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Uber reports third-quarter results that beat Wall Street’s revenue expectations
Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco on Sept. 26, 2019. Philip Pacheco | AFP via Getty Images Uber reported third-quarter results on Thursday that beat Wall Street’s expectations for revenue but missed on analysts’ projections for gross bookings. Shares of the company were down more than 5% pre-market […]
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Fired Disney employee allegedly hacked menu system to falsely claim certain foods did not contain peanuts, complaint says
The “Partners” statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023. Joe Burbank | Tribune News Service | Getty Images A disgruntled former Disney employee is being accused of hacking into menu-creating software used by the […]
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Reddit shares soar 40% on profitability, rosy guidance
Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange on March 21, 2024. Timothy A. Clary | AFP | Getty Images Shares of Reddit popped more than 40% on Wednesday, one day after the social media company posted a surprise profit in its third-quarter results and offered […]
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Democrats launch ads in nail salons, malls in final swing-state sprint
Democratic presidential nominee and U.S. Vice President Kamala Harris takes the stage on Day 4 of the Democratic National Convention (DNC) at the United Center in Chicago, Illinois, U.S., August 22, 2024. Kevin Lamarque | Reuters The personal is getting political. One week before Election Day, Democrats are spending big to target swing-state voters in […]
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