Daily business news in New York
NEW YORK – Discovery, Inc., which operates cable networks Discovery Channel, HGTV, Food Network and Travel Network, is joining the streaming media wars with the global launch of discovery+, debuting in the U.S. next month on January 4, 2021. discovery+ will be available in the U.S. starting at $4.99 per month, with an ad-free version available […]
NEW YORK — NBC and TIME Studios are partnering for the first-ever “TIME Person of the Year” special featuring exclusive coverage of TIME magazine’s choice for the individual or group that has had the greatest influence on the events of the year, set for Thursday, Dec. 10 at 10 p.m. In addition to the winner of 2020 […]
NEW YORK — ViacomCBS Inc. is selling its publishing business Simon & Schuster to Penguin Random House, a wholly owned subsidiary of Bertelsmann SE & Co. KGaA, for $2.175 billion in cash. The sale is part of ViacomCBS’ strategy to unload core assets and focus on its TV networks and film business following the merger […]
NEW YORK — ViacomCBS has unloaded CNET Media Group for $500 million to Red Ventures, a company that owns a portfolio of digital brands and is based in Fort Mill, SC. CNET Media Group is a pioneer in digital media and includes tech news site CNET and ZDNet, a leader in B2B focused content and Gamespot, a […]
The NY Times says it has hired CNBC reporter Lauren Hirsch (photo above) to write for the DealBook e-mail newsletter in New York. She will report on business, policy and mergers and acquisitions. She will also contribute to the Business section of The NY Times. Hirsch was previously with CNBC, where she was a reporter […]
NEW YORK — The New York Times Company has promoted chief operating officer, Meredith Kopit Levien, to succeed Mark Thompson as president and chief executive officer, effective Sept. 8. Ms. Kopit Levien, 49, will join The Times Company’s Board and Mr. Thompson will step down as an officer and director of The Times Company. Kopit […]
ENGLEWOOD CLIFFS, NJ — Former Fox newscaster Shepard Smith is joining business channel CNBC to anchor an evening news program starting this fall. He will be based at CNBC Global Headquarters in Englewood Cliffs, N.J. effective July 13th. Smith will anchor a new one-hour evening news program titled The News with Shepard Smith, airing Monday through Friday at 7 p.m. The […]
NEW YORK — ViacomCBS announced the latest feature film in the SpongeBob franchise, THE SPONGEBOB MOVIE: SPONGE ON THE RUN, will bypass movie theaters next year and be available only online or pay-per-view. The movie is set to debut digitally in the U.S via premium video on demand in early 2021 and then move exclusively […]
Two weekly newspapers covering the East End of Long Island – Dan’s Papers and The Independent — are merging together to form “Dan’s Independent Media.” The combined company will bring together Dan’s Papers—the multiplatform news, entertainment, events and digital media company—with The Independent, the East End’s largest newspaper, known for its in-depth news reporting and features. […]
NEW YORK — The American Society of Magazine Editors (ASME) announced winners for the 2020 National Magazine Awards for Print and Digital Media last week held in a virtual event. ASME President Jonathan Dorn opened the 55th annual presentation of the Ellie Awards, which was postponed due to COVID-19 concerns. Winners receive “Ellies,” the elephant-shaped […]