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California Gov. Gavin Newsom sued Fox News on Friday, seeking damages of at least $787 million from the conservative network for allegedly defaming him by making misleading comments about a phone call with President Donald Trump. “No more lies,” Newsom wrote in a tweet that announced his lawsuit, which the Democrat filed in Superior Court…
Terry Moran on ABC News on November 5, 2024. David Russell | Disney General Entertainment Content | Getty Images ABC News said Tuesday it is cutting ties with star correspondent Terry Moran over a social media post that called President Donald Trump and top White House advisor Stephen Miller “world-class” haters. Moran had already been…
The Paramount Studios in Los Angeles on April 29, 2024. Eric Thayer | Bloomberg | Getty Images Paramount Global is cutting its U.S.-based staff by 3.5%, or several hundred employees, in the latest round of layoffs at the media company as it contends with the decline of the traditional pay-TV bundle and macroeconomic headwinds. The…
Steph Curry’s Gentleman’s Cut bourbon. Courtesy: Gentleman’s Cut Steph Curry is one of the greatest basketball players ever, and judging by his company’s financials, he’s off to a pretty good start in the business world. Curry is the CEO of Thirty Ink, a house-of-brands conglomerate that owns companies including Unanimous Media, Gentleman’s Cut bourbon and…
Wendy McMahon, president and co-head of CBS News and Stations. Michele Crowe | CBS | Getty Images CBS News Chief Executive Officer Wendy McMahon announced Monday she is stepping down, the latest twist in a growing battle of wills between the company’s news division and Paramount Global controlling shareholder Shari Redstone. Paramount Global co-CEO George…
Netflix said Wednesday its cheaper, ad-supported tier now has 94 million monthly active users — an increase of more than 20 million since its last public tally in November. The company and its peers have been increasingly leaning on advertising to boost the profitability of their streaming products. Netflix first introduced the ad-supported plan in…
Americans, struggling with rising costs, have been looking for ways to cut back on nonessential spending. But Disney, so far at least, apparently does not count as a discretionary expense. The company, reporting results for its winter quarter on Wednesday, said operating profit at its domestic theme park division had climbed 13 percent from a…
Comcast’s spinoff of the majority of its NBCUniversal cable network portfolio will be named Versant, the company said Tuesday, ending a monthslong process to select a new corporate moniker. The new company chose Versant (pronounced like the root of the word “conversant”) to emphasize its versatility and its familiarity with multiple subjects, according to Chief…
A sign for the Public Broadcasting Service (PBS) is seen on its building headquarters on Feb. 18, 2025 in Arlington, Virginia. Kayla Bartkowski | Getty Images The CEOs of NPR and PBS said they’re looking into options to challenge the Trump administration following the president’s executive order to cut off public funding to the news…
Lawyers for President Trump and Paramount, the parent of CBS News, are set to begin mediation on Wednesday over a lawsuit brought by Mr. Trump that accuses “60 Minutes” of deceptively editing an interview with his 2024 Democratic opponent, Kamala Harris. Legal experts have called the suit baseless and an easy victory for CBS. But…