Daily business news in New York
Experienced media executive Jason Kilar has been named CEO of WarnerMedia, starting on May 1. WarnerMedia is a subsidiary of AT&T and was formerly known as Time Warner. It operates CNN, HBO, Turner Networks including TNT and TBS, and Warner Bros. Kilar, 48, previously was the founding CEO of Hulu and SVP at Amazon. He […]
NEW YORK – iHeartMedia and FOX announced that Camila Cabello, Dave Grohl, H.E.R. and Sam Smith will perform during the all-new benefit special FOX PRESENTS THE IHEART LIVING ROOM CONCERT FOR AMERICA on Sunday night at 9 p.m. EST, a music event to help fight the spread of the COVID-19 virus and to celebrate the […]
NEW YORK — TIME magazine has released a new list of the 100 Women of the Year: the leaders, innovators, activists, entertainers, athletes and artists who defined a century. For the first time in the magazine’s history, TIME is publishing 100 different TIME covers for each woman. Inspired by TIME’s annual Person of the Year, […]
The New York Times has hired Anupreeta Das as its new finance editor. Das spent 10 years at The Wall Street Journal, most recently as deputy business editor. At WSJ, Das helped supervise a wide swath of business and technology coverage, shaping daily news and enterprise. Among the stories she was closely involved in were […]
NEW YORK — NBCUniversal, a division of cable giant Comcast, is joining the streaming network wars. The company officially unveiled Peacock, a free premium ad-supported streaming service with subscription tiers offering more than 600 movies and 400 series, as well as live and on-demand content across news, sports, late night, and reality. The service will […]
Thirteen years after breaking up into separate companies, Viacom and CBS are merging back together in an all-stock deal. The combined company will be known as ViacomCBS and will have $28 billion in revenue and the scale to compete with other media companies like Netflix, Disney and AT&T and their existing and upcoming streaming subscription […]
The NY Times has launched a new site focused on parenting. NYT Parenting is a site for new and expecting parents who want help having and raising kids today. Whether readers are struggling with fertility or feeling burnt out at home with little kids, in the Parenting section the NY Times will provide guidance and […]
LONG ISLAND CITY — Altice USA, which has 4.9 million residential and business customers with a major presence in the NY metro area including Long Island and Westchester counties, has agreed to acquire Cheddar, the digital-first news company, for $200 million. (Photo: Jon Steinberg, CEO of Cheddar, and Dexter Goel, CEO of Altice USA, Source: […]
Oath, the bizarre name given to Verizon’s digital media subsidiary, is losing its name next year and will officially become Verizon Media Group on January 8, 2019. Oath was formed on June 23, 2017 when Verizon purchased Yahoo for $4.48 billion. It merged the Internet site with its own content division that included AOL, Techcrunch […]
NEW YORK — Discovery, operator of cable networks Discovery Channel, HGTV, Food Network, TLC and more, has selected 230 Park Avenue South in New York’s Flatiron district as the location for its new global headquarters. Announced earlier this year, the company is moving its headquarters from Maryland to the Big Apple to be closer to advertising […]