Paramount Global began a massive layoff on Tuesday that aims to hit 2,000 jobs as the struggling entertainment giant prepares to complete a merger with movie studio Skydance Media, the company said. Paramount’s three co-CEOs circulated a memo to staff indicating that the job cuts would be made in three phases and continue throughout the … Read more
Bloomberg News reportedly fired a prominent White House reporter for breaking a media embargo on the prisoner swap that freed Wall Street Journal reporter Evan Gershkovich from a Russian prison. Jennifer Jacobs, a senior White House reporter for the news agency, was let go Monday after Bloomberg editor-in-chief John Micklethwait vowed to discipline staff for … Read more
Pop stars including Taylor Swift, Adele, Billie Eilish and Elton John will soon have their music played and shared on WhatsApp. Universal Music Group, the world’s largest multinational music group representing the globe’s top recording artists, on Monday reached a multi-year licensing agreement with Mark Zuckerberg’s Meta Platforms. The deal is an expansion of a … Read more
James Dolan plans to follow the yellow brick road to increase profits at the Las Vegas Strip, The Post has learned. The state-of-the-art concert venue, with its unparalleled views and haptic seating, is close to a deal with Warner Bros. Discovery to adapt the 1939 classic “The Wizard of Oz” for a one-of-a-kind immersive experience. … Read more
Elon Musk’s X filed an antitrust lawsuit Tuesday against a left-leaning advertising cartel and several member companies, alleging the group targeted the social media site with an illegal ad boycott. In an open letter to advertisers at X, CEO Linda Yaccarino said the lawsuit targets the Global Alliance for Responsible Media — a dubious group … Read more
Election pundit Nate Silver slammed FiveThirtyEight for suspending its presidential predictions — offering a “theory” that the website he founded is expecting Vice President Kamala Harris’ poll numbers to improve. Silver, the statistician and data journalist who rose to fame in 2008 after accurately predicting the results of the presidential election, called out the ABC-owned … Read more
CNBC’s “Mad Money” host Jim Cramer told viewers Monday that if they care about the money in their pocket, they should support former President Trump. “If you’re in the stock market, if you care about your paycheck, you go with Trump,” Cramer said. “That’s what you do.” “Really?” asked his CNBC colleague David H. Faber. … Read more
Waymo’s autonomous robotaxis has turned into a nightmare for San Francisco residents — with their sleep interrupted by the sound of vehicle horns for an hour before dawn. Sophia Tung, a software engineer who lives above a parking lot for driverless taxis, hit out at the Alphabet-owned subsidiary for the unwanted wake-up calls. “All night … Read more
News site Axios is cutting roughly 50 jobs amid volatility in the media landscape, Axios co-founder and chief executive Jim VandeHei said Tuesday. Axios’ CEO cited the need to make “difficult changes” to adapt to climate change in a memo to staff. “We are making some difficult changes to quickly adapt to a rapidly changing … Read more
Walt Disney said Wednesday it may have to pay up to $5 billion more to buy Comcast’s minority stake in Hulu if an appraiser agreed with Comcast’s assessment that the stake should be valued at more than $40 billion. . Earlier this year, Disney and Comcast hired investment bank RBC Capital as an independent valuer … Read more