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Paramount to cut 3% of U.S. workforce as it deepens cost-cutting

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The Paramount Studios in Los Angeles on April 29, 2024.Eric Thayer | Bloomberg | Getty ImagesParamount Global is cutting its U.S.-based staff by 3.5%, or several hundred employees, in the…

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Disney to pay Comcast $438.7 million to take full control of Hulu, ending lengthy valuation process

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Signage is seen at the 2019 Deadline Contenders Hulu Reception at Paramount Theater on the Paramount Studios lot on April 07, 2019 in Hollywood, California.Rachel Murray | Getty ImagesDisney has…

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Steph Curry’s Thirty Ink generated $174 million in revenue last year, and all of its businesses are profitable, company says

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Steph Curry's Gentleman's Cut bourbon.Courtesy: Gentleman's CutSteph 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…

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Byron Allen puts broadcast TV stations up for sale

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Byron Allen, founder, chairman and CEO of Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022.Patrick T. Fallon | Afp |…

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Trump’s trade war is giving renewed importance to advertising Upfronts

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Michelle Monaghan, Leslie Bibb, and Carrie Coon in 'The White Lotus' on HBO. Courtesy: Fabio Lovino | HBOMedia companies are staring down widespread economic uncertainty as their annual pitch to advertisers and…

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Video podcasts are the next big pitch at media Upfronts

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Jason and Travis Kelce with Dunkin Donuts on the New Heights podcast.Courtesy: WonderyAmazon's second-ever Upfronts pitch to advertisers this week featured an appearance by NFL champion brothers Jason and Travis…

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Paramount ousts CBS News CEO Wendy McMahon amid divide with leadership

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Wendy McMahon, president and co-head of CBS News and Stations.Michele Crowe | CBS | Getty ImagesCBS News Chief Executive Officer Wendy McMahon announced Monday she is stepping down, the latest…

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Netflix to stream ‘Sesame Street’ episodes beginning later this year

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The Netflix logo and Bert and Ernie from Sesame Street.Sam Wasson | Getty Images"Sesame Street" has a new streaming home.Netflix will stream the next three seasons of "Sesame Street," as…

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HBO Max is coming back — Warner Bros. Discovery is renaming its streaming service, again

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HBO became HBO Max, and then it became Max. Now, it will be HBO Max once more.Warner Bros. Discovery is renaming its streaming platform again starting this summer, restoring a…

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Cable companies Charter and Cox agree to merge

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Charter Communications and Cox Communications, two of the largest cable companies in the U.S., have agreed to merge. The deal would be one of the largest in the industry – and…