Largest U.S. radio company Audacy files for bankruptcy protection

The New York Stock Exchange welcomes executives and guests of Audacy (NYSE: AUD), today, Friday, April 9,2021, in celebration of its recent company rebrand. NYSE Audacy, the radio and podcast giant, said Sunday it filed plans for Chapter 11 bankruptcy protection to reduce its debt. The restructuring agreement will allow Audacy to slash its total … Read more

Radio reporter fired over comedy act reinstated after an arbitrator finds his jokes ‘funny’

A reporter who was fired for his standup comedy has been reinstated to his job at a Philadelphia-based public radio station through an arbitrator, who agreed that his jokes were, in some part, funny. Jad Sleiman, 34, is to be fully reinstated to his position with WHYY, a Philadelphia-based NPR station, after an arbitrator determined … Read more

Pat McAfee attacks ESPN executive amid Rodgers, Kimmel fight

PHOENIX, ARIZONA – FEBRUARY 09: Former NFL player and host Pat McAfee speaks on radio row ahead of Super Bowl LVII at the Phoenix Convention Center on February 9, 2023 in Phoenix, Arizona. Mike Lawrie | Getty Images ESPN’s Pat McAfee problem is getting more complicated. On Friday, the host and former NFL punter publicly … Read more

Microsoft, OpenAI sued over copyright infringement by authors

Microsoft CEO Satya Nadella, right, greets OpenAI CEO Sam Altman during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images News | Getty Images Two nonfiction book authors sued Microsoft and OpenAI in a would-be class action complaint alleging that the defendants “simply stole” the writers’ copyrighted works … Read more

Radio shows surprising resilience in changing media world

Airline passengers between flights patronize the iHeartRadio facility at Denver International Airport in Denver on Jan. 19, 2014. Robert Alexander | Archive Photos | Getty Images It’s a familiar refrain: “Legacy media is dead” — unless you’re talking about radio. Despite being one of the oldest media formats, dating back to the 1890s, radio has … Read more

Tesla recalls over 1.6 million cars in China over Autopilot, locks

Elon Musk, CEO of Tesla and owner of X, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images Tesla is recalling more than 1.6 million cars in China to fix problems with Autopilot features and locks, state … Read more

NCAA and ESPN ink 8-year, $920 million media rights deal

An ESPN game day logo is displayed at the Capital One Orange Bowl game between the Georgia Bulldogs and the Florida State Seminoles on Saturday, December 30, 2023 at Hard Rock Stadium, Miami Gardens, Fla. Peter Joneleit | Icon Sportswire | Getty Images The NCAA and ESPN have reached a new eight-year media rights deal … Read more

Movie Review: Anthony Hopkins shines in ‘Freud’s Last Session’

“Freud’s Last Session,” starring Anthony Hopkins as Sigmund Freud, adds to a string of sterling late-chapter performances by the 86-year-old actor. He was the soul of “Armageddon Time,” the reason to see “The Father” and the papal foil to Jonathan Pryce’s Pope Francis in “The Two Popes.” With the exception of James Gray’s more cinematically … Read more

Company to cut 15% of workforce

Signage is displayed outside the Xerox headquarters in Norwalk, Connecticut. Michael Nagle | Bloomberg | Getty Images Xerox on Wednesday announced it will cut 15% of its workforce as part of a plan to implement a new organizational structure and operating model. Xerox, which offers digital printing and document management technologies, had about 20,500 employees … Read more

These are the 11 stocks in our portfolio that Wall Street likes best

The list of most-loved Club stocks on Wall Street entering the new year resembles the list of 2023 winners, except for two stocks: Constellation Brands and Disney . The Mexican beer importer and media-and-entertainment giant are among the 11 Club holdings with buy-equivalent ratings from at least 75% of the analysts who cover them, according … Read more