Business
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New York Times Surpasses 10 Million Subscribers, Sees Revenue Rise 9.3% in Q3
The media company beat Wall Street estimates reporting revenue of $598.3 million
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Endeavor Beats Q3 Revenue Estimates as Net Losses Widen
The Ari Emanuel-led holding company reported a net loss of 25 cents per diluted share on revenue of $1.34 billion
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Earnings Double-Header: Streaming Profitability to Take Center Stage for Disney, Warner Bros. Discovery
Wall Street will be watching closely to see if the media sector’s recent trend of narrower streaming losses and upbeat guidance continues when the legacy media giants report
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Meta Bans the Use of Its AI to Create Political Ads for Facebook, Instagram
Generative tools are available to advertisers – but they can’t be used for politics, housing, employment and other ad categories
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X CEO Linda Yaccarino ‘Working on Terms’ of Deal to Keep Tucker Carlson on X (Report)
The dilemma is that keeping former Fox News host on platform could repel the advertisers she was hired to bring back
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Six Months of Strikes: Small Businesses Are Drowning in Hollywood’s Production Shutdown
The labor dispute has resulted in upwards of $6 billion in losses nationally since May, the Milken Institute estimates
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Disney Taps Hugh Johnston as Senior Executive Vice President and CFO
Johnston comes from 34 years at PepsiCo where he most recently served as Vice Chairman and CFO
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Dish Network Sheds 64,000 Pay TV Subscribers in Q3
Shares fell as much as 8.7% in pre-market trading Monday after the satellite TV giant reported a diluted loss of 26 cents per share on revenue of $3.7 billion
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Paramount Global Shares Jump 10% on Strong Q3 Results
The company told investors it is moving toward a profitable streaming business as subscribers reach 63 million
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Cinemark Sees the Future in Nontraditional Films Like Taylor Swift’s ‘Eras Tour’
CEO Sean Gamble says the success of movies like “Sound of Freedom” accounted for nearly 14% of Cinemark’s Q3 domestic box office
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‘Barbenheimer’ Lifts Cinemark to $875 Million in Q3 Revenue
The movie chain beats projections as revenue rises 35% year over year thanks to Greta Gerwig and Christopher Nolan’s big hits
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Streaming, Linear TV Bundles Could Be ‘Additive’ for Paramount, Bob Bakish Says
“The reality is operators have different priorities, but we’ve shown that we can adapt our partnerships to accomplish common objectives,” the executive told analysts Thursday
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Paramount Finds Its Footing in Q3 Earnings as Stock Finally Lifts, a Bit
Streaming grew by 2.7 million subscribers, and revenue rose 38%
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MediaRadar Buys Kantar’s AI-Powered Ad Data Unit Vivvix
The price of the deal, which will bring MediaRadar data on local TV, radio and search, was not disclosed
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Hunter Biden Scolds Fox News for ‘Demonization’ of His Addiction Battles: ‘Vile Disinformation Campaign’
The first son seethed over his portrayal, claiming it will make it harder for other addicts to attempt recovery
