A view of Google Headquarters in Mountain View, California, United States on March 23, 2024. Tayfun Coskun | Anadolu | Getty Images Advertising is so back. After a brutal 2022, when brands reeled in spending to cope with inflation, and a 2023 defined by layoffs and cost cuts, the top digital advertising companies have started … Read more
Paramount Global and Skydance Media are making progress on a deal that would merge the media companies and buy out controlling shareholder Shari Redstone, according to people familiar with the matter. Paramount Global’s special committee, in charge of accepting or rejecting transactions, and David Ellison’s Skydance Media, backed by private equity firms KKR and RedBird … Read more
The Comcast logo is displayed on a tablet. Igor Golovnov | SOPA Images | Lightrocket | Getty Images Comcast beat first-quarter earnings expectations on Thursday as broadband drove revenue even as the company and its peers have seen customer growth slow. Here is how Comcast performed, compared with estimates from analysts surveyed by LSEG: Earnings … Read more
Rep. Devin Nunes, R-Calif., ranking member of the House Intelligence Committee, speaks during an impeachment inquiry hearing in Washington, Nov. 13, 2019. Andrew Harrer | Bloomberg | Getty Images Trump Media CEO Devin Nunes on Tuesday urged House Republican committee leaders to investigate possible “unlawful manipulation” of the company’s stock. Nunes, himself a former House … Read more
Mark Zuckerberg, CEO, Meta Platforms, in July 2021. Kevin Dietsch | Getty Images News | Getty Images Meta will report first-quarter results after the bell Wednesday. Here’s what analysts are expecting. Earnings per share: $4.32, according to LSEG. Revenue: $36.16 billion, according to LSEG. Daily active users (DAUs): 2.12 billion, according to StreetAccount Monthly active … Read more
Tanika Ray, Alyson Fouse, Kym Whitley, Yvette Nicole Brown and Tisha Campbell attend Bounce TV’s “Act Your Age” Los Angeles Series Premiere at The London West Hollywood at Beverly Hills on February 27, 2023 in West Hollywood, California. Charley Gallay | Getty Images EW Scripps, one of the largest local TV broadcasters in the U.S., … Read more
Jonathan Raa | Nurphoto | Getty Images Trump Media shares fell 9% Tuesday ahead of an expected earnout bonus for former President Donald Trump. DJT was trading at $32 per share Tuesday afternoon, about 50% below its opening price last month of more than $70. Trump will receive an additional 36 million shares, worth about … Read more
IQiyi, sometimes dubbed the “Netflix” of China, swung to a profit in 2023 for the first time since it listed in the U.S. in 2018. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese video streaming platform iQiyi is turning its attention to the country’s aging population, while using artificial intelligence tools to bolster content … Read more
The Walt Disney company logo is displayed on the floor of the New York Stock Exchange during morning trading on Dec. 1, 2023. Michael M. Santiago | Getty Images Aaron LaBerge, the chief technology officer for Disney Entertainment and ESPN, is leaving the company, according to an internal memo. LaBerge is taking a job as … Read more
The best way to get investors to stop focusing on something is to stop telling them at all. Netflix said Thursday it will no longer report quarterly membership numbers and average revenue per membership starting in the first quarter of 2025. This is a significant change for the company and for the so-called “streaming wars,” … Read more
