media
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...
Invezz
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...
Invezz
Warner Bros. Discovery (NASDAQ: WBD) stock price will be in the spotlight this week as the company publishes its financial results on Thursday. These numbers will give investors more information about its streaming business and its market share gains or losses. The stock was trading at $7.9 on Monday, down from its all-time high of near $80. Warner Bros. Discovery is undervaluedWBD is one of the most undervalued names in the media industry. This undervaluation is understandable because of the company’s mountain of debt and its ownership of legacy television brands that have lost significance t...
Invezz
New York (AFP) - The war in Gaza featured prominently in Monday's Pulitzer Prizes, which included a special citation for journalists covering the Israel-Hamas conflict. The New York Times won a Pulitzer in international reporting for its "wide-ranging and revelatory coverage of Hamas's lethal attack in southern Israel on Oct. 7," as well as reporting on "the Israeli military's sweeping, deadly response." Reuters meanwhile won the award for breaking news photography for its "raw and urgent" coverage of the October 7 attack and Israeli response, while a special citation recognized "journalists a...
AFP
Prime Minister Benjamin Netanyahu said his Cabinet unanimously voted to close broadcaster Al Jazeera's operations in Israel. The move came after Israeli lawmakers recently approved a new media law - widely referred to as the "Al Jazeera law" - that gives the government powers to ban foreign broadcasters if they are deemed a risk to state security. Netanyahu announced the Cabinet decision in a post on X, formerly Twitter, in which he called Al Jazeera "the hate channel." Qatar-based Al Jazeera decried the Israeli decision and vowed to pursue "all avenues" available to protect its rights and emp...
DPA International
Prime Minister Benjamin Netanyahu said his Cabinet unanimously voted to close broadcaster Al Jazeera's operations in Israel. The move came after Israeli lawmakers recently approved a new media law - widely referred to as the "Al Jazeera law" - that gives the government powers to ban foreign broadcasters if they are deemed a risk to state security. Netanyahu announced the Cabinet decision in a post on X, formerly Twitter, in which he called Al Jazeera "the hate channel." Qatar-based Al Jazeera decried the Israeli decision and vowed to pursue "all avenues" available to protect its rights and emp...
DPA
Prime Minister Benjamin Netanyahu said his Cabinet unanimously voted to close broadcaster Al Jazeera's operations in Israel. The move came after Israeli lawmakers recently approved a new media law - widely referred to as the "Al Jazeera law" - that gives the government powers to ban foreign broadcasters if they are deemed a risk to state security. Netanyahu announced the Cabinet decision in a post on X, formerly Twitter, in which he called Al Jazeera "the hate channel." Qatar-based Al Jazeera decried the Israeli decision and vowed to pursue "all avenues" available to protect its rights and emp...
DPA Breaking News
The United Nations has emphasized the importance of press freedom following Israel's decision to close broadcaster Al Jazeera's operations in the country. "We stand firmly against any decision to roll back freedom of the press," said UN spokesman Stephane Dujarric in New York on Sunday. "A free press provides an invaluable service to ensure that the public is informed and engaged." Israel's Prime Minister Benjamin Netanyahu said his Cabinet had unanimously voted to close broadcaster Al Jazeera's operations in Israel. The move came after Israeli lawmaker sapproved a new media law - widely refer...
DPA Breaking News
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