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The same could not be said for their sprawling entertainment businesses. The three men meet occasionally to discuss the state of the industry, and lively disagreements have a been a staple of their discussions. But by the time they met on the yacht, they had all agreed that the money-losing status quo in the streaming business was unsustainable. “There was peace in the valley for a period of time,” Mr. Malone mused in a rare recent interview, recalling the days before video-streaming upended the lucrative cable business. Disney laid off thousands of workers and pushed out its chief executive as streaming losses mounted, and had to fend off a proxy contest from the activist investor Nelson Peltz.
Persons: Brian Roberts, John Malone, Barry Diller, Diller’s, ” Mr, Malone, Nelson Peltz Organizations: Mr, Arriva, Paramount, CBS, Warner Bros, Disney Locations: Jupiter, Fla
The Daily Beast’s new leaders will do a round of voluntary buyouts intended to cut costs by $1.5 million, in one of their first major moves to try to revitalize the flagging digital tabloid. The new leaders, Joanna Coles and Ben Sherwood, both media veterans, joined the company in April in exchange for an equity stake in the business. Barry Diller’s company, IAC, maintains control of the publication. The Daily Beast’s union told its members in a memo this week that workers would have until June 14 to apply for a buyout, after which the publication would accept applications “in reverse seniority order until they meet their $1.5 million threshold.”Decisions on additional applications beyond that threshold would be up to the company, and there would be “a moratorium” on further layoffs until the end of the year, according to the union’s memo. The cuts are not targeting any particular coverage area.
Persons: Joanna Coles, Ben Sherwood, Barry Diller’s Organizations: IAC, Daily
The Daily Beast has long been an outlier in the digital empire of the billionaire Barry Diller. As sites like Match.com and Expedia made millions over the years, Mr. Diller’s digital tabloid lost money, publishing scoop after scoop but struggling to turn a profit. Mr. Sherwood and Ms. Coles will be granted an equity stake equivalent to roughly half of The Daily Beast, with IAC keeping the majority, according to a person familiar with the matter. Mr. Sherwood, 60, will be its chief executive and publisher, and Ms. Coles, 61, will be chief creative and content officer. The decision to bring in Mr. Sherwood and Ms. Coles came after Mr. Diller considered a sale of The Daily Beast and had conversations with various suitors.
Persons: Barry Diller, Expedia, Diller, he’s, Ben Sherwood, Joanna Coles, Sherwood, Coles, Janice Min Organizations: Disney ABC Television Group, Hearst Magazines, IAC, Daily, Hollywood, Ankler Media, The Hollywood Locations: Ben
A man was charged on Thursday with first-degree murder in the fatal shooting of Police Officer Jonathan Diller, the Queens district attorney announced. Ms. Katz said that Mr. Rivera faced life in prison without parole if convicted. It was not clear whether Mr. Rivera had a lawyer. Officer Diller then yelled at Mr. Rivera to take his hands out of his pockets, the police said. Officer Diller’s partner, Officer Veckash Khedna, shot Mr. Rivera in the back.
Persons: Jonathan Diller, Guy Rivera, Sasha Rosen, Rivera, Melinda Katz, Ms, Katz, Mr, Diller, Veckash Khedna Locations: Queens, Rockaway
As hundreds of police officers and family members stood outside a Long Island funeral home, former President Donald J. Trump attended on Thursday the wake of a New York City police officer who was killed in the line of duty days earlier. He was greeted by New York City’s police commissioner, and then spent about 30 minutes inside the funeral home with Officer Diller’s family, including his widow and 1-year-old son. Afterward, as rain poured down outside, Mr. Trump said the officer’s death was a horrible tragedy and, as he often does on the campaign trail, broadly called for a crackdown on violent crime without mentioning specific policies. “The only thing we can say is maybe something is going to be learned,” Mr. Trump said. We’ve got to strengthen it up.”
Persons: Donald J, Trump, , Mr, Trump’s, Jonathan Diller, Diller’s, ” Mr, “ We’ve, We’ve, Organizations: New York Locations: New York City, Manhattan
Kushner and Kloss take over Life magazineLife, the iconic photography-focused chronicler of the 20th century, has taken on many forms, including a weekly magazine, a website and the occasional special issue. Kushner and Kloss are buying the publication rights to Life from Dotdash Meredith, the print and digital publisher. The deal is being done through Bedford Media, the media start-up that Kloss leads as C.E.O. Life was once a central part of American culture, featuring the work of renowned photographers like Robert Capa and writing by top authors. (Ernest Hemingway’s “The Old Man and the Sea” first appeared in its pages.
Persons: Kushner, Kloss, Barry, Josh Kushner, Dotdash Meredith, Robert Capa, Ernest Hemingway’s “ Organizations: IAC, Bedford Media Locations: OpenAI
A 34-year-old man was in police custody on Tuesday in the fatal shooting of Police Officer Jonathan Diller during a traffic stop in Queens. parked in Far Rockaway shortly before 6 p.m. on Monday when Officer Diller and his partner approached, the police said. Mr. Rivera refused to step out of the illegally parked car and then fired his weapon through the passenger window, the authorities said. His shot hit Officer Diller, 31, in the torso, just beneath his protective vest, the police said. Officer Diller’s partner, Officer Veckash Khedna, returned fire, shooting Mr. Rivera in the back, according to the police and an internal Police Department report.
Persons: Jonathan Diller, Guy Rivera, Diller, Rivera, Veckash Khedna Organizations: Police Department Locations: Queens, Rockaway
Jeffrey A. TrachtenbergJeffrey Trachtenberg covers the book industry and is part of the Journal’s Media and Marketing Bureau in New York. Other topics in Jeff’s coverage have included the popularity of political books, debates over “cancel culture” within publishing houses and other literary trends. Jeff co-authored a 2021 series on the succession drama at Scholastic, following the unexpected death of the children’s publisher’s longtime boss. Jeff has also covered the magazine industry for the Journal, chronicling how giants such as Condé Nast have sought to pivot from a focus on glossy print titles into online publishers. Previously, Jeff covered the retailing, consumer electronics and music industries for the Journal, reporting on such big retail chains as Federated Department Stores and Saks Fifth Avenue, and the music arms of Sony, Bertelsmann and Polygram.
Persons: Jeffrey A, Trachtenberg Jeffrey Trachtenberg, he’s, Barnes, Noble, Jimmy Carter, Philip Roth, J.K, Rowling, Jeff, Condé Nast, Barry, Meredith, Ralph Lauren, Jacqueline Bisset, Kirk Douglas, Lew Wasserman Organizations: Journal’s Media, Marketing Bureau, Scholastic, IAC, Better Homes, Gardens, Federated Department Stores, Saks Fifth, Sony, Bertelsmann, Polygram, Forbes, Franklin & Marshall College Locations: New York, Westchester, N.Y
Lisa Loring, who played the young Wednesday Addams on “The Addams Family” from 1964 to 1966 and also appeared in “As the World Turns,” died Saturday of a stroke, her daughter Vanessa Foumberg confirmed. Godspeed my friend.”Loring’s shimmying frug dance called “The Drew” gained renewed attention with the new Netflix series “Wednesday,” on which Jenna Ortega does her own interpretation of Wednesday’s dance. Loring was born in the Marshall Islands to parents who had served in the Navy and lived in Hawaii before coming to Los Angeles with her mother. She started modeling at the age of 3 and then was cast in an episode of “Dr. Kildare.”After “The Addams Family” finished its two-season run, Loring joined Phyllis Diller’s sitcom “The Pruitts of Southampton.”She made appearances on series including “The Girl From U.N.C.L.E.,” “Fantasy Island” and “Barnaby Jones,” then secured a recurring role as Cricket Montgomery on “As the World Turns” from 1980 to 1983.
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