Tag Archives: BUsINEss

Paramount Global wrote down the value of its cable networks by nearly $6 billion and announced it would cut 15% of its jobs on Thursday, even as the company’s broadcast business reported its first quarterly profit. Paramount shares rose more than 5% in extended trading. The loss reflects a shrinking …

A German flying taxi maker canceled plans to transport passengers with its futuristic drones during the Paris Olympics due to delays in certifying its engine, according to the company. Volocopter, a maker of personal aerial vehicles, had been testing flying taxis in the Paris region for several years and lobbied …

News Corp beat Wall Street estimates for fourth-quarter earnings on Thursday, boosted in part by growth in digital subscriptions at its Dow Jones business. The New York-based media giant, which owns The Post, Wall Street Journal and Dow Jones, said revenue in the quarter ended June 30 rose 6% to …

Google and Meta reportedly struck a secret deal to target minor YouTube users with ads promoting rival Instagram service — breaking the internet search giant’s own ad rules, according to a bombshell report Thursday. The Instagram ad campaign was aimed at YouTube users who were classified as “unknown” in Google’s …

Cash-bleeding media giant Warner Bros. Discovery, pulled the plug on Cartoon Network’s website. The David Zaslav-led company — which on Wednesday reported a huge net loss of nearly $10 billion, driven by a stunning $9.1 billion write-down for a decline in the value of its cable TV networks — redirected …

The left-leaning advertising cabal accused of conspiring to suppress conservative media reportedly disbanded Thursday — just days after Elon Musk’s X hit the group with a federal antitrust lawsuit. The World Federation of Advertisers, which organized the Global Alliance for Responsible Media initiative, informed its members that GARM was “discontinuing” …

Joe Rogan denied on Friday that he endorsed Robert F. Kennedy Jr. for president after his inflammatory remarks about the independent presidential candidate drew scorn from Donald Trump’s supporters — and even a jab from the Republican nominee. The “Joe Rogan Experience” host posted a clarification on X following comments …

File this large and expensive piece of wearable technology as a controversial product. More of Humane’s AI Pins were returned than purchased between May and August, The Verge reported. The pin retails for between $700 and $800 — plus a $24 monthly subscription for $288 a year. In total, the …

Cisco will cut thousands of jobs in a second round of layoffs this year as the networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with the matter said. The number of people affected could be similar to or slightly higher than the 4,000 Cisco …

A powerful media family torn apart by jealousy and rivalry. A granddaughter rushes to the aging patriarch’s arm as he withers very publicly. Lies, betrayal and lawsuits. These aren’t the machinations of the fictional Roy family from “Succession,” but the dramas that have engulfed the very real Redstone clan, whose …