media
Trump Media & Technology (NASDAQ: DJT) stock price has staged a strong recovery recently. It has soared to $54.40, 142% above its lowest point in April. That surge has pushed its market cap to over $7.45 billion, pushing Trump’s net worth to over $8 billion. Trump Medis is highly overvaluedTrump Media & Technology Group is one of the most severely overvalued companies in Wall Street. Its market cap is slightly smaller than Reddit, a social media platform that is popular globally with over 71 million users. X, formerly known as Twitter, is estimated to be worth about $12.5 billion by Fidelity, ...
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Paramount Global (NASDAQ: PARA) stock price has been in the spotlight this month as investors focused on its acquisition. It has already surged by almost 30% from its lowest level in March, outperforming other media companies like Warner Bros. Discovery and CuriosityStream. Paramount Global acquisitionI have covered Paramount Global several times in the past few years. In an article I did last year, I explained how Shari Redstone destroyed a company that her father spent decades building. Her biggest mistake was combining Viacom and CBS, which created a new company known as ViacomCBS before it...
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The AMC (NYSE: AMC) stock price continued its freefall on Thursday after the company issued a weak forward guidance. It plunged by over 6%, bringing the year-to-date losses to over 50%. In the past few years, the company’s market cap has moved from over $10 billion to about $881 million. Results were not as bad as expectedLooking at AMC’s quarterly results, my view is that the company’s results were not as bad as I expected given how tough the box office industry has been lately. Its total revenues dropped from $954.4 million in Q1’23 to $951.4 million in the last quarter. This figure was clos...
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Israeli police have raided the offices of broadcaster Al Jazeera in the city of Nazareth, confiscating equipment belonging to the Arab-language TV channel. The raid comes several days after the Israeli government banned Al Jazeera, both blocking access to Al Jazeera's content in Israel and banning the broadcaster from operating. Israel's communications minister signed a closure order for the broadcaster on Sunday, and Al Jazeera's office in the Ambassador Hotel in East Jerusalem was raided that same day. Israel accuses the channel of biased reporting in the Gaza war. Israeli Prime Minister Ben...
DPA International
Israeli police have raided the offices of broadcaster Al Jazeera in the city of Nazareth, confiscating equipment belonging to the Arab-language TV channel. The raid comes several days after the Israeli government banned Al Jazeera, both blocking access to Al Jazeera's content in Israel and banning the broadcaster from operating. Israel's communications minister signed a closure order for the broadcaster on Sunday, and Al Jazeera's office in the Ambassador Hotel in East Jerusalem was raided that same day. Israel accuses the channel of biased reporting in the Gaza war. Israeli Prime Minister Ben...
DPA
Israeli police have raided the offices of broadcaster Al Jazeera in the city of Nazareth, confiscating equipment belonging to the Arab-language TV channel. The raid comes several days after the Israeli government banned Al Jazeera, both blocking access to Al Jazeera's content in Israel and banning the broadcaster from operating. Israel's communications minister signed a closure order for the broadcaster on Sunday, and Al Jazeera's office in the Ambassador Hotel in East Jerusalem was raided that same day. Israel accuses the channel of biased reporting in the Gaza war. Israeli Prime Minister Ben...
DPA Breaking News
Washington (AFP) - It ought to have been appointment TV as Stormy Daniels served up salacious details of her alleged tryst with Donald Trump in the sensational first-ever prosecution of a former president. Yet with New York state rules walling off the Republican billionaire's hush money trial from the world's television cameras, what should have been the trial of the century has turned into something of a ratings flop. "The trial is not receiving the attention it should -- given its historic nature and importance -- because there are no cameras in the courtroom, plain and simple," said Karen C...
AFP
The New York Times reported a successful first quarter on Wednesday, exceeding revenue and profit estimates as its diverse content bundle strategy attracted more subscribers. Ahead of the 2024 U.S. presidential elections and major sports events, the publisher has increasingly focused on combining its core news coverage with a variety of content, including podcasts, cooking recipes, and games. NYT’s revenue beats expecationsThe company announced a revenue of $594 million for the quarter, slightly above the analyst expectations of $591.9 million according to LSEG data. Adjusted earnings stood at...
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New York (AFP) - Disney reported higher revenues Tuesday on a strong performance by its theme parks division and an improving streaming business, but a write-down in the company's India business resulted in a small loss. The company achieved profitability in its entertainment streaming segment following subscription additions of more than six million in Disney+, a landmark after years of losses. But company officials signaled they expect the division to have a loss in the current quarter, in part due to weaker subscriber counts. The entertainment giant also offered a cautious outlook on its p...
AFP
Peloton Interactive Inc (NASDAQ: PTON) is up 20% on Tuesday following a report that private equity firms have shown interest in acquiring the connected fitness company. $PTON has formally engaged with one private equity firmAnonymous sources told CNBC this morning that the exercise equipment manufacturer has held formal discussions with at least one firm. A bunch of others are interested in taking over $PTON as well but it’s unclear if they have formally engaged with the Nasdaq-listed firm yet, they added. A representative of Peloton Interactive refrained from commenting on the report today ci...
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