Business
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Reddit Shares Dip in 2nd Trading Day
The social media site’s stock saw a 48% leap after its IPO Thursday
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Trump’s Truth Social to Go Public After Merger Approved
The former president stands to net $3.4 billion in the deal to take his social media site public, but he can’t cash out for months
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Nexstar ‘Extremely Disappointed’ by FCC Order to Sell WPIX-TV, Will ‘Vigorously’ Dispute Ruling
“The FCC has been misled by the often distracting noise in the media ecosphere,” CEO Perry Sook says
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Condé Nast Owner Advance Makes Nearly $2 Billion on Reddit IPO
The windfall comes as management is in a bitter dispute with the Condé Nast union over layoffs
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US Files Antitrust Suit Against Apple, Accuses Tech Giant of iPhone Monopoly
The suit, joined by 16 state attorneys general, claims Apple limits choices and drives up prices for consumers
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‘Black Sails’ Star Luke Arnold Launches Graphic Novel With New Publisher The Lab Press | Exclusive
Science-fiction book “Essentials” features seven artists illustrating its multiple realities
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Gen Z Is Ditching TV Shows, Movies on Streaming Services in Favor of Social Video, Live Streams
60% of Gen Zers surveyed by Deloitte said they prefer user-generated content videos because its easier to find something to watch
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Reddit Debuts on New York Stock Exchange, Prices IPO at $34 Per Share
The social media company kicked off its long-awaited public offering at the top of the expected range
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Nelson Peltz Backed by Over a Dozen Current, Former Public Company Directors in Disney Proxy Fight
“Rather than stifle dissent, Nelson often catalyzed robust, productive discussions that helped move our companies forward,” a letter from the directors states
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Disney Proxy Fight: Institutional Shareholder Services Backs Nelson Peltz for Board
The shareholder advisory service did not back other activist nominees but said Peltz would help focus hunt for successor to CEO Bob Iger
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Apollo’s $11 Billion Bid for Paramount Ignites Bidding War | Analysis
The offer may be too good to ignore for majority owner Shari Redstone, analysts say
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Available to WrapPRO members
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Paramount Shares Jump 12% Following $11 Billion Apollo Bid
The media conglomerate’s market cap also rose to $8.6 billion
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UFC Owner Reaches $335 Million Antitrust Settlement With Fighters
The company, part of Endeavor’s TKO Group, has been fighting class action lawsuits from its talent for the past decade
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Spotify and Penny Per Stream Royalties: Is the Cure Worse for Artists Than the Disease?
Steve Jobs created the music industry’s long-standing basic economics. Now Congress’ new proposed bill may actually hurt, not help, artists
Available to WrapPRO members
WrapPRO
Available to WrapPRO members
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CAA Lays Off About 20 Staffers Across Multiple Departments
This change in staff comes after 60 employees were let go from the agency last August
