DIRS.INFO The most relevant business & tech news

☆ Paramount says CEO Bob Bakish is stepping down, will be replaced by a trio of executives
▼ + stars: | 2024-04-29 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

David A. Grogan | CNBCParamount Global CEO Bob Bakish is stepping down, the company announced Monday, as merger negotiations with Skydance Media continue. Bakish climbed the corporate ladder after joining Viacom in 1997, until he became CEO of the company in 2016. Following the merger of Viacom and CBS, he became CEO of the combined company in 2019, which was later renamed as Paramount Global. Paramount will now be led by CBS president and CEO George Cheeks; Chris McCarthy, president and CEO of Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, the head of Paramount Pictures and Nickelodeon. Paramount said it added 3.7 million Paramount+ subscribers during the quarter, bringing the total to 71 million.

Persons: Bob Bakish, David A, Bakish, George Cheeks, Chris McCarthy, Brian Robbins, Naveen Chopra, Chopra, LSEG, Bob Marley Organizations: Viacom, Allen & Company Sun Valley Conference, Grogan, CNBC Paramount Global, Skydance Media, CBS, Paramount Global, Paramount, Showtime, MTV Entertainment Studios, Paramount Media Networks, Paramount Pictures, Nickelodeon, LSEG, Super, BET, MTV, NFL, TV Media, Hollywood Locations: Sun Valley , Idaho

☆ Paramount falls short of revenue expectations but posts surprise profit, strong streaming results
▼ + stars: | 2024-02-28 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +3 min

Paramount Global missed revenue expectations for the fourth quarter on Wednesday but posted a surprise quarterly profit and posted strong results from its streaming platform Paramount+. Paramount — home to brands such as CBS, Showtime, BET, Nickelodeon and its namesake movie studio — reported a 6% year-over-year revenue decline but posted notable strides in its streaming segment. Paramount+, its flagship streaming service, reached 67.5 million subscribers during the period, a net increase of 4.1 million, and recorded 69% revenue growth year over year. Subscription revenue in the fourth quarter grew 43%, partially driven by price increases, and revenue across its entire direct-to-consumer segment grew 34%. Paramount saw a 27% jump in global viewing hours across Paramount+ and Pluto TV during the fourth quarter.

Persons: Bob Bakish, we've, CNBC's Alex Sherman Organizations: Paramount Global, Paramount, CBS, Showtime, BET, Nickelodeon, Warner Bros, Discovery, CNBC PRO Locations: LSEG

☆ Ukraine's Zelenskiy Hails Arrival of New Air Defence Systems
▼ + stars: | 2024-02-02 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +3 min

(Reuters) - Ukrainian President Volodymyr Zelenskiy welcomed the arrival on Friday of two new air defence systems that he said could "shoot down anything". In his nightly video address, the president pointedly said he could give no details of the newly arrived air defence systems but described them as the culmination of "working tirelessly at various levels for months". And while the systems are not yet sufficient for the complete defence of Ukraine, we are working towards that goal every day." Beefing up air defence has been one of the key priorities for defending cities, towns and infrastructure against Russian missile and drone attacks. "There is a risk that the Ukrainian armed forces may have to withdraw from Avdiivka," Dykiy said.

Persons: Volodymyr Zelenskiy, Zelenskiy, State Victoria Nuland, Valery Zaluzhnyi, Yevhen Dykiy, Dykiy, Ron Popeski, Oleksandr Kozhukhar, Cynthia Osterman Organizations: Reuters, Russia, Russian, State, Armed Forces Commander, General Locations: Avdiivka, Ukraine, U.S, Kyiv, Ukrainian, Donetsk, Russian

☆ Ukraine says Russian troops focusing on Bakhmut in the east
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +4 min

The officials said Ukraine's troops had also achieved some success after crossing to the east bank of the Dnipro River in southern Kherson region. Russia has concentrated on Ukraine's eastern regions after failing to move on Kyiv in the early days after the February 2022 invasion. Volodymyr Fityo, a spokesperson for Ukrainian ground forces, said Russian troops focused attacks on Klishchiivka, a nearby village on heights retaken by Ukrainian forces in September. Russian accounts said Moscow's forces had beaten back more than 30 Ukrainian attacks in and around Bakhmut in the past week. Two drivers were killed when Russian forces shelled a private transport company parking lot in Kherson, regional governor Oleksandr Prokudin said.

Persons: Volodymyr Fityo, Fityo, Serhiy Zgurets, Zgurets, Maksym Morozov, Espreso, Andriy Kovaliov, Oleksandr Prokudin, Serhiy Lysak, Dan Peleschuk, Yuliia, Ron Popeski, Stephen Coates Organizations: Kherson Regional, Administration, Handout, REUTERS, Rights, Russian Defence Ministry, Reuters, Interior Ministry, Thomson Locations: Kherson, Ukraine, Bakhmut, Dnipro, Russia, Kyiv, Donetsk, Ukrainian, Russian, Klishchiivka, Kupiansk, Ukraine's, Avdiivka, Kherson region, Dnipropetrovsk, Nikopol

☆ Vivek Ramaswamy's campaign says he was 'talking quickly' and 'kind of oscillated in his words' after he appeared to call Zelenskyy a Nazi
▼ + stars: | 2023-11-09 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Vivek Ramaswamy's campaign said he did not intend to call Volodymyr Zelenskyy a Nazi. Instead, a spokesperson told The New York Times that the GOP presidential hopeful was "talking quickly." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "He was talking quickly and kind of oscillated in his words," spokesperson Tricia McLaughlin told The New York Times. Rota resigned after a massive outcry following reports about Hunka's Nazi ties.

Persons: Vivek Ramaswamy's, Volodymyr Zelenskyy, Ramaswamy, —, Vivek Ramaswamy, Tricia McLaughlin, McLaughlin, Zelenskyy, Anthony Rota, Yaroslav Hunka, Rota Organizations: New York Times, Service, GOP, Republican, Nazi, Zelenskyy's, Church, Politico, Associated Press, Canadian House Locations: Canada, Nazi, Ukrainian, Ukraine, Russia, Moscow

☆ Billboards in Israel were briefly hacked to display pro-Hamas messages as cyberwar ramps up
▼ + stars: | 2023-10-12 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

Israel supporters hold flags as they protest, following Hamas' biggest attack on Israel in years, in Bogota, Colombia October 9, 2023. Cybersecurity threats in Israel are mounting amid the Israel-Hamas war, including two hijacked smart billboards that briefly showed pro-Hamas content, and a cyberattack on a college that published hundreds of thousands of personal records. More than 40 groups are currently attempting, or say they're attempting, cyberattacks, Messing said, adding these threats aren't uncommon. The motivation is more about creating fear and discomfort, not so much about creating damage that is significant." The biggest cyberattack so far this week involved Ono Academic College near Tel Aviv, Messing said.

Persons: Israel, Gil Messing, Messing Organizations: Software Technologies, CNBC, CTV Media Israel, Ono Locations: Israel, Bogota, Colombia, Tel Aviv, Gaza, Jordan

☆ Sam Bankman-Fried’s trial has started. Here’s what you need to know
▼ + stars: | 2023-10-03 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN —The trial of Sam Bankman-Fried, a onetime crypto billionaire who stands accused of orchestrating a multibillion-dollar fraud, kicked off Tuesday in federal court in Manhattan. Here are the key things to know about the case, and what we might see over the next several weeks at the trial. Prosecutors opted in June to sever five other charges that were brought after Bankman-Fried’s extradition from the Bahamas, where FTX was based. Sam Bankman-Fried leaving the Bahamas on December 21, 2022, being extradited to the US to face charges. He was arrested in December in the Bahamas on charges including fraud and conspiracy and extradited to the United States in January.

Persons: Sam Bankman, Judge Lewis Kaplan, ”, “, ” Kaplan, SFB, SBF, Caroline Ellison, Bernie Madoff, FTX, Tom Brady, Larry David, Fried, Bankman, Ellison, Howard Fischer, Moses Singer, Fischer, Lewis Kaplan, he’s Organizations: New, New York CNN, Prosecutors, Alameda Research, Super, Royal Bahamas Police Force, Investors, Bankman, Coindesk, Alameda, New York Times, Securities and Exchange, Enron, Metropolitan Detention Locations: New York, Manhattan, FTX, Bahamas, Miami, Alameda, United States, Brooklyn

☆ Sam Bankman-Fried’s fraud trial is about to start. Here’s what you need to know
▼ + stars: | 2023-10-02 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

This week, he will stand trial in what federal prosecutors have called one of the biggest frauds in US history. The 31-year-old Bankman-Fried, known as SBF, has pleaded not guilty to seven counts of fraud and conspiracy in connection with the collapse of FTX, his crypto-trading platform. Here are the key things to know about the case, and what we might see over the next several weeks at the trial. SBF faces seven counts, including wire fraud and securities fraud. FTX founder Sam Bankman-Fried was a crypto celebrity until November last year, when his business empire collapsed.

Persons: Sam Bankman, Fried, SBF, FTX, Tom Brady, Larry David, Amr Alfiky, Bankman, Caroline Ellison, Ellison, “, ”, Howard Fischer, Moses Singer, Fischer, Lewis Kaplan, he’s Organizations: New, New York CNN, Prosecutors, Alameda Research, Super, Reuters, Investors, Bankman, Coindesk, Alameda, New York Times, Securities and Exchange, Enron, Metropolitan Detention Locations: New York, Bahamas, FTX, Miami, Alameda, United States, Manhattan, Brooklyn

May 4 (Reuters) - Paramount Global Inc (PARA.O) missed first-quarter revenue estimates on Thursday amid a weak advertising market in its TV business and cut its dividend. The company incurred a $1.7 billion charge in connection with its plan to integrate Showtime into its Paramount+ streaming service and remove certain programming. Paramount Global said its dividend cut to 5 cents per share will result in approximately $500 million in annualized cash savings. Paramount+, the company's flagship streaming platform, added 4.1 million subscribers during the quarter, compared with 9.9 million in the preceding quarter. Sales for its TV media segment declined by 8% from a year earlier and advertising revenue fell by 11%.

Paramount invested in original content to try to attract subscribers to its streaming platform, but is up against competition from established players such as Netflix (NFLX.O) and Walt Disney Co's (DIS.N) Disney+. Paramount+, the company's flagship streaming platform, added 4.1 million subscribers during the quarter, compared with 9.9 million in the preceding quarter. Sales for its TV media segment declined by 8% from a year earlier, and advertising revenue fell by 11%. Investment in original content and expansion of its streaming platform are consuming cash at the owner of the CBS network. The operating loss was $1.23 billion for the quarter, compared with an operating income of $775 million a year earlier.

☆ DOJ charges Chinese businessman Guo Wengui, associate of Steve Bannon, in $1 billion fraud
▼ + stars: | 2023-03-15 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

Former White House Chief Strategist Steve Bannon greets fugitive Chinese billionaire Guo Wengui before introducing him at a news conference on November 20, 2018 in New York. The controversial exiled Chinese billionaire businessman Guo Wengui — an associate of former Trump White House advisor Steve Bannon — was arrested in New York on Wednesday for orchestrating what federal prosecutors called a more than $1 billion fraud conspiracy that duped online followers with promises of outsized investment returns. Former President Donald Trump months later pardoned Bannon in that case, shortly before Trump left the White House. IThe defendants are charged with wire fraud, securities fraud, bank fraud, and money laundering in the criminal case. Both Guo and Je face ossible sentences of up to 20 years in prison if convicted.

☆ Paramount misses revenue estimates on ad weakness
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +1 min

Nov 2 (Reuters) - Paramount Global (PARA.O) fell short of analysts' estimates for quarterly revenue on Wednesday, as the media giant struggled with the absence of major content releases and an extended weakness in ad sales. Total revenue rose 5% to $6.92 billion in the third quarter ended Sept. 30, but missed the average estimate of $7.01 billion, according to Refinitiv data. Paramount said advertising revenue declined 2% in the quarter. Revenue at TV Media, its biggest reporting segment, declined 5% to $4.95 billion, capturing the bulk of weakness in the ads market. Fox Corp (FOXA.O) on Tuesday reported better-than-expected quarterly revenue, with an 8% rise in ad revenue due to higher political advertising revenue on its TV stations.

☆ Stocks making the biggest moves midday: Tupperware, Airbnb, Paramount, Estee Lauder and more
▼ + stars: | 2022-11-02 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +6 min

Estee Lauder — The cosmetic maker dropped 8% after it gave a weak outlook despite beating expectations for the quarter. Trimble — Shares dropped 7% after Trimble missed revenue expectations in its third-quarter results. Robinson — The stock fell 6% after the transportation and logistics company reported disappointing revenue in its latest results. Airbnb — The lodging stock fell 10.1% after the company reported earnings per share that beat expectations, while revenue came in line with estimates. The company it its fiscal first quarter reported adjusted earnings per share of 93 cents versus expectations of 75 cents.

☆ Paramount Global shares slide as results miss and TV revenue falls
▼ + stars: | 2022-11-02 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Paramount Global on Wednesday reported $6.92 billion in revenue for its third quarter, an increase of 5% year-over-year. Yet the company's results missed expectations as it suffered from cord cutting and a drop in advertising revenue. Advertising revenue for the segment also dropped, a sign that macroeconomic headwinds are beginning to hit. Paramount said advertising revenue for its TV networks was down 3% to about $1.9 billion. The company noted it also restructured some of its international affiliate TV agreements during the quarter, which shifted revenue from pay-TV services to streaming.

☆ Putin — who has jailed critics and rivals — took a nonsensical detour in his major foreign policy speech to rail against 'cancel culture'
▼ + stars: | 2022-10-27 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Putin delivered a nonsensical speech about Western "cancel culture" on Thursday in Moscow. What began as commentary about Russian foreign policy quickly transitioned to a rant. "The so-called cancel culture is basically a cancellation of culture that annihilates everything that is alive and creative. This is not the first time Putin has railed against cancel culture throughout his eight-month-long unprovoked invasion of Ukraine. Furthermore, he also lashed out against cancel culture in a recent rant about gender fluidity.

☆ 2 professional home organizers share how business has boomed in the last year thanks to tidying-up shows like Netflix's 'Get Organized'
▼ + stars: | 2022-09-08 | by ( Shanna Goodman | ) www.businessinsider.com time to read: +6 min

Home organizing became popular earlier in the pandemic, partly thanks to shows like "Get Organized." Two people who recently started organizing businesses share how they've grown in the past year. In her first 12 months in business, Moore and her team of four — which she started hiring three months into her business — helped 80 clients and organized 237 spaces. "There are so many opportunities ahead, and professional organizing is as much a mental-health service as it is a residential service," Klug of Inspired Organizer said. No certifications are required to perform services as a professional organizer, but these professionals said organizing and business training could go a long way.

Search resuls for: "TV Media"

16 mentions found