Latest Media and entertainment industry News

Growing publisher buying 10 newspapers in Alabama, Georgia and Mississippi

May. 24, 2024 16:33 PM EDT

MONTGOMERY, Ala. (AP) — A rapidly growing publisher is buying 10 newspapers in Alabama, Georgia and Mississippi from a company owned by Alabama's public pension fund. Carpenter Media Group said Thursday that it's buying the newspapers from CNHI. No price was...

2 top Penguin Random House editors leaving amid ongoing changes at publishing house

May. 20, 2024 20:29 PM EDT

NEW YORK (AP) — Two top editors at Penguin Random House are leaving as the country's leading trading publisher continues to transform during a period of uncertain revenues and generational change. The Knopf Doubleday Publishing Group, a Penguin Random House division, announced...

Joint streaming venture involving ESPN, Fox, Warner Bros. Discovery will be called Venu Sports

May. 16, 2024 17:10 PM EDT

LOS ANGELES (AP) — The sports streaming platform planned by ESPN, Fox and Warner Bros. Discovery finally has a name. The joint venture will be known as Venu (pronounced “venue”) Sports. The companies announced plans in February for the platform, which some consider to be the...

Seattle Times publisher Frank Blethen to step down after 4 decades in charge of family-owned paper

May. 14, 2024 14:37 PM EDT

SEATTLE (AP) — Seattle Times publisher and CEO Frank Blethen has announced he will step down at the end of next year after four decades leading the newspaper his family has owned since 1896. Blethen, 79, confirmed his plans Monday in a Seattle Times interview. He said he expects to...

News Corp.: Fiscal Q3 Earnings Snapshot

May. 08, 2024 16:43 PM EDT

NEW YORK (AP) — NEW YORK (AP) — News Corp. (NWSA) on Wednesday reported profit of $30 million in its fiscal third quarter. The New York-based company said it had net income of 5 cents per share. Earnings, adjusted for one-time gains and costs, were 11 cents per share. ...

News Corp.: Fiscal Q3 Earnings Snapshot

May. 08, 2024 16:42 PM EDT

NEW YORK (AP) — NEW YORK (AP) — News Corp. (NWS) on Wednesday reported net income of $30 million in its fiscal third quarter. The New York-based company said it had net income of 5 cents per share. Earnings, adjusted for one-time gains and costs, came to 11 cents per share. ...

Disney's streaming business turns a profit in first financial report since challenge to Iger

May. 07, 2024 13:08 PM EDT

The Walt Disney Co. swung to a loss in its second quarter because of restructuring and impairment charges, but its adjusted profit topped expectations and its streaming business turned a profit. Theme parks also continued to do well and the company boosted its outlook for the year. ...

Artists from Universal Music Group are heading back to TikTok as new licensing deal reached

May. 02, 2024 17:24 PM EDT

Artists from Universal Music Group, which include Drake, Adele, Bad Bunny and Billie Eilish, will be returning to TikTok as the two parties have struck a new licensing agreement following an approximately three-month long dispute. The two sides said Thursday that they are “now...

Amazon reports strong 1Q results driven by its cloud-computing unit and Prime Video ad dollars

Apr. 30, 2024 18:40 PM EDT

NEW YORK (AP) — Amazon on Tuesday reported strong results for the first quarter, driven by growth in its cloud-computing unit and new advertising dollars from its Prime Video streaming service. The Seattle-based e-commerce giant said it brought in $143.31 billion in revenue in the...

Paramount Global replaces CEO Bob Bakish with a troika of executives

Apr. 29, 2024 19:17 PM EDT

NEW YORK (AP) — Paramount Global on Monday announced that Bob Bakish is stepping down as CEO of the film, television and multimedia company. Bakish will be replaced by a troika of executives who will form a new “Office of the CEO.” The group includes George Cheeks, the CEO of...