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
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
Warner Bros. Discovery said on Wednesday it wrote down the value of its television assets due to uncertainty over fees from cable and satellite distributors and sports rights renewals, sending its shares down nearly 10% in extended trading. The film and entertainment studio, which owns sports network TNT and streaming service Max, recorded a $9.1 … Read more
“Apparently” this kid is still a straight Pennsylvania sensation – even a decade later. A 5-year-old boy who went viral in 2014 for his adorable TV interview at the Wayne County Fairgrounds in Honesdale reappeared on camera over the weekend and gave viewers a blast of nostalgia. Noah Ritter, now 15 and always known as … Read more
Megyn Kelly slammed Minnesota Gov. Tim Walz as the “most radical” choice for 2024 vice-presidential running mate Kamala Harris — mocking him as “Tim Tampon” for offering free period products to boys. “I’ve been thinking about Walz since yesterday. He’s the most radical they could find on the trans issue,” the former NBC and Fox … Read more
CNN “Reliable Sources” writer Oliver Darcy surprisingly left the struggling cable network Thursday, saying he plans to launch a rival media newsletter. Darcy, 33, who has often criticized his network, had written “Reliable Sources” since CNN fired former newspaper writer Brian Stelter in 2022. Darcy said his subscription-based newsletter, Status, will be a separate effort. … Read more
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 audience for cable TV networks … Read more
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 $2.58 billion, compared with $2.43 … Read more
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 visitors to cartoonnetwork. com to … Read more