BY ETAN VESSING | HollywoodReporter.Com Troy Warren #business-all Meredith Corp. has reached an agreement to sell its local TV stations, or its Local Media Group, to Gray Television for $2.7 billion. The company’s national media division inclu...
by Etan Vlessing | HollywoodReporter.Com Troy Warren #business-all The slate development agreement aims at four new Audible Original podcasts, starting with ‘The Messenger,’ about a newly-radicalised Islamic in the wake of London’s 7/7 bombings....
by Alex Weprin | HollywoodReporter.Com Troy Warren #business-all Verizon will retain a 10 percent stake in the company, which will be called Yahoo. Verizon is exiting the media business. The telecom giant is selling Yahoo, AOL and the remain...
by Etan Vlessing | HollywoodReporter.Com Troy Warren #business-all The head of John Malone’s international cable giant, which owns Virgin Media, earned $123.2 million in 2019, mostly from performance-based stock awards as part of a front end-loa...
By JOSH FUNK, Associated Press Troy Warren #business-all Warren Buffett’s company reported a nearly $12 billion profit in the first quarter a year after a major loss when the value of its stock investments plummeted because of the coronavirus pan...
by the Associated Press | HollywoodReporter.Com Troy Warren #business-all Broad provided much of the money and willpower used to reshape Los Angeles’ once moribund downtown into a burgeoning area of expensive lofts, fancy dining establishments a...
By The Associated Press Troy Warren #business-all #foodie-all The bounceback for McDonald’s as restrictions were lifted across the U.S. was so strong in the first quarter that the company surpassed sales during the same period even in 2019, long bef...
By Noam Scheiber, The New York Times Troy Warren #business-all New York City on Wednesday sued the fast-food giant Chipotle Mexican Grill over what it says are hundreds of thousands of violations of a fair scheduling law at several dozen stores. W...
by Alex Weprin | HollywoodReporter.Com Troy Warren #business-all Ari Emanuel, Patrick Whitesell and Mark Shapiro will ring the opening bell of the New York Stock Exchange, with the holding company setting its IPO price at $24 per share. Endeav...
by Alex Weprin | HollywoodReporter.Com Troy Warren #business-all That’s up from $4 billion in the same quarter of last year, a 50 percent year-over-year growth rate. YouTube continues to grow at a torrid pace, with any sign of pandemic slowdow...
by Alex Weprin | HollywoodReporter.Com Troy Warren #business-all As NBCUniversal turns off the lights on its sports network, expect other Hollywood giants to cull their sprawling linear offerings as they prioritize billions of dollars toward dir...
By Kelly Yamanouchi, The Atlanta Journal-Constitution Troy Warren #business-all Online shopping, vaccine shipments buoy package delivery giant. UPS continued riding a wave of skyrocketing shipping demand from online shopping and vaccine deliver...
Ryan Browne | CNBC.Com Troy Warren #business-all KEY POINTS – Turkish cryptocurrency exchange Vebitcoin said it had ceased all activities after facing financial strain. – Days earlier, another firm, Thodex, went offline with its CEO reporte...
by Georg Szalai | HollywoodReporter.Com Troy Warren #business-all Comcast also disclosed $32.7 million in 2020 compensation for its chairman and CEO Brian Roberts. NBCUniversal CEO Jeff Shell’s 2020 compensation reached $16.5 million. NBCU o...
By Matt Kempner, The Atlanta Journal-Constitution Troy Warren #business-all Coca-Cola is reviewing a diversity policy announced only three months ago by its now former general counsel. Bradley Gayton, who Coke said resigned this week after less th...
by Alex Weprin , Natalie Jarvey | HollywoodReporter.Com Troy Warren #business-all The streaming giant disclosed the compensation of its top executives in a regulatory filing. Netflix co-CEOs Reed Hastings and Ted Sarandos each saw their compen...
By Andy Peters, The Atlanta Journal-Constitution Troy Warren #business-all Big changes are coming to the auto industry. Right now, only 3% of all vehicles worldwide are powered by electricity, according to the International Energy Agency. But by 2...
by Alex Weprin | HollywoodReporter.Com Troy Warren #business-all Disney, Warner Bros. and Apple are among the advertisers, with upcoming movie trailers set to be introduced by their stars. The Academy Awards have sold out … of TV advertising s...
by Georg Szalai , Etan Vessing | HollywoodReporter.Com Troy Warren #business-all Telecom giant AT&T, led by CEO John Stankey, reports first-quarter results, including WarnerMedia posting higher subscription and advertising revenues as the en...
By Mike Pomranz | FoodAndWine.Com Troy Warren #business-all #picks-all As the economy reopens, finding fast food workers is apparently trickier than you may think. Assuming you don’t already, can you imagine yourself working at McDonald’s? What if...