Daily business news in New York
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 […]
NEW YORK – Matt Murray has been named the new Editor-in-Chief of The Wall Street Journal and Dow Jones Newswires, succeeding Gerard Baker, who will move to a new position as the Journal’s Editor-at-Large, which will include regular writing and hosting the paper’s expanding network of conferences and events. Baker will also host a new […]
National Geographic and The Wall Street Journal are teaming up to launch Far & Away, a print magazine for business travelers. The first issue will be distributed with the Saturday May 19thedition of The Wall Street Journal. Far & Away combines the insights of The Wall Street Journal with the visual storytelling of National Geographic. The […]
The New York Times has hired Nick Summers as its new Sunday Business Editor. Nick joins The Times from Bloomberg Businessweek, where he was a features editor. While at the magazine, he edited stories on a wide variety of topics: cut-rate coffins, introducing luxury cruises to the Chinese market, how Goldman Sachs lost $1.2 billion […]
The NY Times has hired Li Yuan, a China tech columnist at The Wall Street Journal, to be its first Asia technology columnist for the Business section. She starts in May and will be based in Hong Kong. Li has been a China tech columnist at WSJ since 2015, writing a weekly column called China […]