DIRS.INFO The most relevant business & tech news

☆ Jamie Dimon says a BofA banker's untimely death sparked questions inside JPMorgan: 'What can we learn?'
▼ + stars: | 2024-05-20 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

At the time, Dimon said, the priority was to understand "what we do know, what can we learn from it." Dimon's comments come as the investment-banking industry grapples with the surprising deaths of not one but two deaths at BofA this month. "We're aware of these stories, and they are tragic and incredibly sad," Rohrbaugh continued, calling it the "job" of bank leaders to look after employees' health on the job. AdvertisementCurrent and former employees at BofA told Business Insider that 100-hour workweeks were not unusual at the bank. Earlier this month, a BofA spokesperson told BI of Lukenas' passing: "We are very saddened by the loss of our teammate.

Persons: Jamie Dimon, JPMorgan Chase, Leo Lukenas III, Robin Leopold, Dimon, Troy Rohrbaugh, Rohrbaugh, Lukenas, headhunter Douglas Walters, Adnan Deumic, cardigan, Reed Alexander Organizations: Service, JPMorgan, Bank of America, Business, New York, Medical, BofA, Reuters, GrayFox, Bloomberg, Wall Locations: America's, BofA, London

☆ Why Wall Street is transfixed by a BofA banker's untimely death
▼ + stars: | 2024-05-08 | by ( Reed Alexander | Emmalyse Brownstein | ) www.businessinsider.com time to read: +9 min

The untimely death of a 35-year-old Bank of America associate has sparked a conversation across Wall Street over working conditions. "And to at least just start having those conversations as to how they can make junior bankers work life much better because it's been long overdue. At BofA, 100-plus hour weeks logged by junior bankers aren't unusual, said current and former employees, who questioned whether the firm's system for flagging excessive amounts of work was actually effective. But some junior bankers felt dismayed by an apparent lack of written communication from bank leaders about the incident, this person added. Crushing exhaustion, heightened demandsThe former BofA investment-banking analyst, who was not on Lukenas' team, quit in 2023 after two years.

Persons: Leo Lukenas III, BofA, Lukenas, it's, Goldman Sachs, Lukenas —, —, UMB, Christopher Perkins, Perkins, Les Lukenas, Green, Leo, Reed Alexander, Emmalyse Organizations: Service, of America, Wall, Army, Green Beret, Special Forces, Reuters, New York Office, Business, Bank of America, Investment, Goldman, Heartland Financial, Inc, FIG, Citigroup, Veterans, BI, LinkedIn, Green Berets, Army Special Forces Locations: BofA, London, Wall, ebrownstein@businessinsider.com

☆ Goldman Sachs CEO David Solomon breaks down how the AI obsession is creating a gold rush for the bank
▼ + stars: | 2024-04-15 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

Artificial intelligence is on everyone's lips, and that's expected to translate into big bucks for Goldman Sachs, according to CEO David Solomon. He said the bank has been "advising clients on these topics and how to think about potential use cases in their operations." AI's impact on jobsSolomon also explained how, internally, AI could impact its own workforce. "We see enormous opportunities for productivity gains and also opportunities for efficiency," Solomon said, describing how the AI revolution could impact Goldman's human capital. Some firms like Deutsche Bank have been piloting test cases to evaluate the impact AI could have on junior bankers' workflows.

Persons: Goldman Sachs, David Solomon, Solomon, PwC, — Goldman, Goldman, JPMorgan Chase, Reed Alexander Organizations: Business, P Global, Intelligence, Deutsche Bank, Goldman, New York Times, JPMorgan, Global Locations: ralexander@businessinsider.com

☆ Here's why JPMorgan's top brass are doubtful that a major M&A comeback is on the horizon
▼ + stars: | 2024-04-12 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWall Street has been hopeful that M&A activity will return this year as rates fall. On Friday, the bank reported $41.9 billion in revenue for the quarter, up 9% year-over-year — a figure that surpassed analysts' expectations. The retreat from dealmaking produced a nine-year low in terms of the number of individual M&A transactions in the quarter, LSEG reported. Dimon's warningsThe comments from JPMorgan's top brass come as Dimon issues warnings about the prospect of a gloomier economic environment.

Persons: —, Jamie Dimon, Jeremy Barnum, Barnum, Biden, that's, Goldman Sachs, Stephan Feldgoise, LSEG, EY, Dimon, Reed Alexander Organizations: Service, JPMorgan, Business, London Stock Exchange Group Locations: megamergers, dealmaking, Asia, Pacific

☆ How a boutique bank that rode last year's healthcare M&A streak into the big leagues plans to continue to compete with the JPMorgan's of the world
▼ + stars: | 2024-03-13 | by ( Reed Alexander | ) www.businessinsider.com time to read: +9 min

It was more than double the value of the next-largest deal, a Japanese healthcare merger that clocked in at $22 billion. And, for its part, Seagen tapped advisors at two boutique firms: Centerview and MTS Health Partners. "We want to be the preeminent healthcare bank. Last year, during a healthcare M&A boom that's expected to continue this year, the bank onboarded 14 new staffers, including the partners, a company spokesperson said. Advertisement"We are absolutely in growth mode looking to have high-quality bankers who are capable of generating business off of this platform without all the accoutrements of a big bank," Weisenfeld continued.

Persons: Seagen, Andrew Weisenfeld, Goldman Sachs, Morgan Stanley, Dealogic, Weisenfeld, —, Curtis Lane, Bear, Daun Chung, Ryan Stewart, Reed Alexander Organizations: Service, Pfizer, Guggenheim, Centerview, MTS Health Partners, MTS, Goldman, JPMorgan, Bank of America, Partners, CTI, New, Bear Stearns, London Stock Exchange, Seagen, Medicines, Novartis, Chase Securities, Health Partners, Guggenheim Securities, Triple, SVB Securities, Solomon Partners, Citigroup Locations: Wall, New York City, Seattle

☆ Wall Street gets its biggest investment-banking shakeup in years. Here are the key players making moves.
▼ + stars: | 2024-02-26 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

Read previewWall Street experienced a big shakeup on Monday when two big banks announced new leaders for their investment-banking units. Citi's hire comes just weeks after JPMorgan promoted Raghavan to the sole head of its deals business, forcing America's biggest bank by assets to regroup. Under Raghavan, JPMorgan rose to No. For the last decade, the 59-year-old has been CEO of the bank's commercial bank, dedicated to corporate lending, including to Silicon Valley startups and real-estate investors. In an internal memo announcing his new role, bank executives said he's "significantly" grown revenue in the region since he took over the region in 2019.

Persons: —, Viswas Raghavan, Raghavan, Jamie Dimon, Filippo Gori, Doug Petno, Filippo Gori —, Jane Fraser, Fraser, Merrill Lynch, Andy Sieg, Patrick T, Fallon, Raghavan Raghavan, Doug Petno Petno, Jennifer Piepszak, Troy Rohrbaugh, Piepszak, Marianne Lake, Rohrbaugh, he's, He'll, Sjoerd Leenart, Mary Erdoes, Reed Alexander Organizations: Service, Citigroup, America's, Business, JPMorgan, Citi, Financial Times, Banking & International, Citi Foundation, EMEA, Financial News, JPMorgan's, Corporate Banking Locations: Hong Kong, London, Europe, Africa, Fraser, EMEA, Silicon, Filippo Gori Gori, JPMorgan's Asia, Pacific

☆ Inside the latest drama at Goldman Sachs that reportedly has some partners up in arms
▼ + stars: | 2024-02-22 | by ( Reed Alexander | ) www.businessinsider.com time to read: +4 min

AdvertisementThe drama playing out within the upper ranks of Goldman Sachs is continuing to unfold, and CEO David Solomon's troubles with senior partners don't appear to be over yet. (Garcia's co-head of European investment banking, Anthony Gutman, is also said to have been named to the committee.) Bloomberg reported this week that Beth Hammack — a longtime Goldman partner, co-head of the global financial group, member of the management committee, and former CEO of Goldman Sachs Bank USA — is set to step down. And when Esposito broke the news last month of his imminent departure in a note to partners and clients, he wrote, wistfully, that he planned to "bleed Goldman Sachs forever." Are you a Goldman Sachs or Wall Street insider?

Persons: Goldman Sachs, David Solomon's, who's, Mark Sorrell, Gonzalo Garcia, Joshua Franklin, Arash Massoudi, Kim Posnett, Sorrell —, Sir Martin Sorrell, Stephan Feldgoise, Anthony Gutman, Sorrell, Gutman, Garcia, Goldman, Alison Mass, George Lee, Jim Esposito —, —, Solomon, Adebayo, Beth Hammack —, Esposito, wistfully, Reed Alexander Organizations: Financial, IB, Reading, Goldman, Bloomberg, Goldman Sachs Bank Locations: Miami

☆ Goldman Sachs leaders are charting a course for the bank's future in Miami for the second year in a row. Here's how the stakes are different this time.
▼ + stars: | 2024-02-07 | by ( Reed Alexander | Emmalyse Brownstein | ) www.businessinsider.com time to read: +5 min

The Miami Beach Edition hotel on Collins Avenue, where conferences for Goldman parnters are being held. Inside the Edition Hotel in Miami, which is playing host to the Goldman Sachs partner conference this week. The Faena Hotel along Collins Avenue is also playing host to some Goldman partners and events this week. A spokesperson for Goldman Sachs declined to comment about the Miami gathering this week. Are you a Goldman Sachs or Wall Street insider?

Persons: Goldman Sachs, confab, —, Goldman, Denis Coleman, Avinash, Goldman parnters, Emmalyse, David Solomon, Solomon, Lloyd Blankfein, he's, Reed Alexander Big, Solomon —, John Waldron —, Solomon himself, Emmalyse Brownstein Goldman, George Lee, Alison Mass, Trevor Noah, decamped, Reed Alexander Organizations: Magic City, Miami Beach, Business, Wall Street Journal, Goldman, Wall Street Locations: New York, London, Miami, Collins, New York City, South Florida, ralexander@businessinsider.com

☆ Why revamping feedback is a priority for Carlyle's new human resources chief
▼ + stars: | 2024-01-19 | by ( Reed Alexander | ) www.businessinsider.com time to read: +3 min

Carlyle, the Washington, DC-based alternative asset manager which manages some $382 billion in assets, this week announced that it would install a new chief human resources officer. Jennifer Barker, a partner who's been with Carlyle since 2016 and presently serves as the firm's head of international human resources, will step into the role of chief human resources, taking over for Bruce Larson, formerly a senior human-capital executive at Goldman Sachs who joined Carlyle in 2019, according to a Carlyle regulatory filing. Others include Lúcia Soares, the firm's chief information officer and head of technology transformation, appointed in July; Eleena Melamed, global chief operating officer of investor relations and head of client strategy, appointed in August; and Meg Starr, formerly Carlyle's global head of impact, who became global head of corporate affairs in December. In a Thursday memo announcing the switch, Schwartz said Barker will report to Christopher Finn, Carlyle's chief operating officer, and take a seat on the firm's leadership and operating committees. She is also interested in rethinking how companies deliver feedback to their employees, perhaps through the arcane rite of the performance review.

Persons: Carlyle, Jennifer Barker, who's, Bruce Larson, Goldman Sachs, Larson, Barker, Harvey Schwartz's, Lúcia Soares, Eleena, Meg Starr, Schwartz, Christopher Finn, Jen, that's, we've, Reed Alexander Organizations: Business Locations: Washington, DC, London

☆ I'm an assistant at Disney and I feel completely stuck in my career
▼ + stars: | 2023-11-04 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

Even though I knew that going in, I needed a job — and a job at Disney sounded good. So I took the job as a Disney assistant, and part of me hoped that things would sort themselves out once I started working. Personally, I feel stuck as an assistant at Disney, and don't see any career mobility at all. But a lot of people stay in these creative executive roles and senior executive roles — and even junior executive roles, the rank closest to mine — for a long time. In the rare event that there's an opening, companies sometimes look for external candidates to fill open executive roles, which is also frustrating.

Persons: I've, It's, —, we've, who's, hasn't, they're, it's, that's, I'm, Reed Alexander Organizations: Disney, Hollywood Locations: Hollywood, —, Los Angeles

☆ I thought my Disney assistant job would supercharge my career. But moving up seems harder every day with the challenges facing Hollywood, and my hope is fading.
▼ + stars: | 2023-10-31 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

Persons: I've, It's, —, we've, who's, hasn't, they're, it's, that's, I'm, Reed Alexander Organizations: Disney, Hollywood Locations: Hollywood, —, Los Angeles

☆ Hollywood insiders are bracing for M&A activity to make a comeback, as 10 experts reveal the deals they're predicting
▼ + stars: | 2023-10-17 | by ( Reed Alexander | Lucia Moses | ) www.businessinsider.com time to read: +12 min

"The unknown is hard to transact in," Sam Powers, the global head of technology, media, and telecommunications for Bank of America, told Insider. Microsoft's $69 billion acquisition of Activision , which was completed Thursday, has also put media and tech M&A back in the spotlight. "People have been holding their breath in nervous anticipation" about the idea of tech buying big media , one investor told Insider. Private-equity bets on media and Hollywood have seen mixed resultsPrivate-equity firms may have the cash to finance major media acquisitions, but they're reckoning with market volatility. Are you a Hollywood insider?

Persons: Hollywood dealmakers, Jonathan Handel, Sam Powers, Bob Iger, —, Byron Allen, Greg Doherty, Iger, Disney's, Byron Allen —, Allen, Disney, it's, Handel, It's, you've, Reese Witherspoon, Dave Kotinsky, Moonbug, Reese Witherspoon's, Jeff Zucker, Abu, Tom Staggs, Kevin Mayer, Lucia Moses, Reed Alexander Organizations: Hollywood, Puck News, Bank of America, SAG, Writers Guild of America, Disney, ESPN, Activision, Byron Allen The Weather, Wall Street shareholders, Bureau of Labor Statistics, Hulu, ABC, Nexstar Media Group, Allen Media Group, Weather, Lionsgate, Starz, Paramount, BET, Warner Bros, Games, Disney Digital Network, Maker Studios, Observers, Comcast, Paramount Global, Tech, MGM, Microsoft, Netflix, Apple, RedBird Capital Partners, RedBird IMI, Private, SP, G Global Market Intelligence, Bloomberg, Media, Apollo Global Management, Yahoo Locations: Hollywood, Blackstone, Abu Dhabi, lmoses@insider.com, ralexander@insider.com

☆ Families of Israelis kidnapped by Hamas are pleading for their release and say they have no idea how their relatives are doing
▼ + stars: | 2023-10-10 | by ( Reed Alexander | ) www.businessinsider.com time to read: +10 min

Insider spoke to family members of those believed to be kidnapped to understand what happens now. He added that the American Jewish Committee's offices in Jerusalem and the US were actively "responding when we receive calls from family members" about missing loved ones. "We started getting WhatsApp messages from family members that Hamas was in the kibbutz," Onn said. But, as for those who were taken, Onn said the family has to hold on to hope during an excruciating time. A plea from loved onesInformation about missing loved ones has been hard to come by, people in Israel told Insider on Sunday and Monday.

Persons: —, Jonathan Conricus, Nir Oz, Abbey, Onn, That's, it's, Ted Deutch, Benjamin Netanyahu's, Kenneth Quinn, who's, Quinn, Nahar, Adrienne Neta, Biden, Neta, Rubi Chen, Itay, Chen, Lester Holt, John Kirby, Kirby, Shelly Shem Tov, Omer, Jake Tapper, Shem Tov, Tapper, she'd, Reed Alexander Organizations: Service, Hamas, Israel Defense Forces, US State Department, Israel Defence Forces, American Jewish Committee, Democratic, Jewish, Israel, Reuters, State Department, NBC News, National Security Council, White, United, CNN Locations: Gaza, Israel, American, Herzliya, Tel Aviv, Florida, Jerusalem, Hamas, Washington, United States, Israeli

☆ Assistants at companies like Netflix and Disney are 'waiting for the light at the end of the tunnel' as their careers stall and they can't get promoted: 'I don't see a way up'
▼ + stars: | 2023-10-06 | by ( Reed Alexander | ) www.businessinsider.com time to read: +12 min

Trying to maintain a career in Hollywood was "not something that was feasible for me to continue," this person told Insider. Insider spoke with eight current and former assistants at Hollywood companies, plus a former creative executive at a midsize film studio. Many hopefuls can't find jobs in an industry that's been wracked with head count reductions and budget cuts. Netflix's website lists just one open assistant job — a role in a non-creative vertical. At Paramount, which cut 25% of staff from its US cable networks earlier this year, there appear to be no open executive assistant jobs in entertainment capacities .

Persons: —, strivers, that's, David Heger, Edward Jones, Heger, Bob Iger —, there's, WBD, they've, they'd, I'm, Reed Alexander Organizations: Hollywood, Netflix, Paramount Global, Disney, Warner Bros . Discovery, Paramount, Media, Writers Guild of America, Challenger, Warner Bros, Discovery, Entertainment Locations: Hollywood, Los Angeles and New York

☆ How an Army combat medic pivoted to filmmaking, thanks in part to a Sundance program that fostered directors like Ryan Coogler and Chloe Zhao
▼ + stars: | 2023-09-26 | by ( Reed Alexander | ) www.businessinsider.com time to read: +7 min

The Directors Lab, which goes back 40 years and claims graduates from Quentin Tarantino and Gina Prince-Bythewood to Ryan Coogler to Chloe Zhao, is a supercharged accelerator for new filmmakers. Rashad Frett, right, a member of the 2023 Directors Lab, speaks with Michelle Satter, founding director of the Sundance Institute's Feature Film Program. It's a 20-minute short that screened at the Sundance Film Festival in January; Fretts' time at the Directors Lab was devoted to developing it into a feature, filming multiple scenes. But it took a few tries before his application to join the Directors Lab was successful, he said. Rashad Frett works on his short film "Ricky" during this year's Directors Lab, conducted by the Sundance Institute.

Persons: Rashad Frett, Frett, Quentin Tarantino, Gina Prince, Bythewood, Ryan Coogler, Chloe Zhao, Michelle Satter, who's, Sciences Jean Hersholt, Angela Bassett, Mel Brooks, Carol Littleton, Satter, —, Jonathan Hickerson, he'd, Spike Lee, Ricky, Lin Que Ayoung, It's, Fretts, Sam Emenogu, Joan Darling, Joan Tewkesbury, it's, he's, Reed Alexander Organizations: Army, Sundance, Labs, Hollywood, of Motion Picture Arts, Sciences, New York University, NYU, Sundance Film, Lab, Sundance Institute Locations: New York, Sundance, Utah, New, Hollywood

☆ Once upon a time, the 'Disney adult' was ridiculed. Now, kidless millennials and Gen Z-ers with money to burn are packing into the parks — here's how Disney is winning them over.
▼ + stars: | 2023-09-14 | by ( Reed Alexander | ) www.businessinsider.com time to read: +22 min

Newlyweds Natalie and Brett Schwartz exchanged vows at Walt Disney World in Orlando this summer. "Our approach was to shine a light on the beautiful tapestry of people that come to Walt Disney World," Trejo said. Francis Dominic, the former parks worker turned influencer, has also been tapped to promote Disney parks and films. It's a difficult tightrope to navigate, but it could define the future of Disney parks. Are you a Disney parks or Walt Disney Co. insider?

Persons: Sarah Rachul, I'm, Rachul, Orlando —, —, Molly May, Francis Dominic, Dominic, who's, Taylor, Ron DeSantis —, Japan pavilion's Takumi, Jonathan de Araujo, it's, Tara Goldstein, Ann van Oostendorp, Disney, Van Oostendorp, Natalie Schwartz, Brett, Schwartz, Sierra Keller's, Keller, Natalie, Brett Schwartz, Jason Petrina, he's, Disney's, He's, They're, Petrina, Mickey, Chris Evans, Zoe Saldaña, What's, Wan Kenobi, Emperor Palpatine, she'd, welling, haven't, Neph Trejo, Walt, " Trejo, It's, Halle Bailey, Kent Phillips, Gaston, Jeremy Singh, I'd, Singh couldn't, he'd, Singh, they're, Patrick Dougall, Mark Eades, Eades, we've, Amanda Krause, Reed Alexander Organizations: Walt Disney, Epcot, Disney Vacation, Disney, Mouse, Disneyland, Disney Parks, Walt Disney Co, Florida Gov, Universal, Guardians, Galaxy, University of Tampa, Disney World, Honeymooners, Star Wars, Marvel, Magic, Cafe Orleans, Disney World's Hollywood Studios, Hollywood Studios, Star, Gucci, Dooney, Animal, Dole, Walt Disney World's, ABC, Getty, Management, Disney Imagineer, Disneyland Alumni Locations: Ohio, Disney, Orlando , Florida, Anaheim , California, Italy, China, Tuscany, Orlando, Florida, Disneyland Paris, Tokyo, Japan, Epcot, California, Anaheim, Belle Terrace, Hollywood

☆ ‘We are casualties of this’: A film influencer with 470,000 TikTok followers on scrambling to take second jobs, making up for lost income, and facing online hate as Hollywood’s strikes drag on
▼ + stars: | 2023-08-31 | by ( Reed Alexander | ) www.businessinsider.com time to read: +11 min

Jasmine Paige Moore, a TikTok creator, tells Insider about giving up content creation and returning to bartending during the strike. This first-person as-told-to story is based on an August interview with Jasmine Paige Moore, a content creator with nearly 470,000 followers on TikTok and nearly 23,000 on Instagram. Within the first few days of the Hollywood actors' strike, a friend of mine — a fellow content creator with a large following on TikTok — faced backlash from users online. "We as content creators should be helping to educate each other, not tearing each other down," I wrote. And what this whole experience has done more than anything is show me that the content creator community has really not had a voice during this strike.

Persons: Jasmine Paige Moore, TikTok —, he'd, I didn't, I've, AFTRA, they'll, We've, Con, Barbie, what's, we're, influencers, There's, haven't, they've, —, Reed Alexander Organizations: SAG, bartending, Hollywood, San Diego Comic, Warner Bros, Guild of America Locations: influencers, I'm, bartending

☆ 3 key questions Disney analysts say CEO Bob Iger faces ahead of earnings, as concerns mount about succession and streaming profits
▼ + stars: | 2023-08-09 | by ( Reed Alexander | Lucia Moses | ) www.businessinsider.com time to read: +12 min

For Disney, Iger's return was a doctor's-orders scenario. "What is the long game for any pure-play media company in a world where we have tech-driven media companies that are much larger than any traditional media company and have fundamentally different business models?" Will Disney sell TV assets like ABC? Industry watchers have focused on private-equity firms as likely buyers of Disney's TV assets. Are you a Disney insider?

Persons: Bob Iger, Bob Chapek, Iger, Disney, Iger's, Peter Csathy, Tom Staggs, Kevin Mayer, Csathy, they're, He's, Paul Verna, Verna, David Heger, Edward Jones, Heger, Hulu —, it's, Dave Portnoy's Barstool, Will, Evercore, Dana Walden, Alan Bergman, Puck, Disney bigwigs, Mayer, Walden, Bergman, Reed Alexander, Lucia Moses Organizations: Disney, ESPN, Walt Disney Co, Hollywood, Creative Media, Apple, PE, Candle Media, Insider Intelligence, Hulu, LightShed Partners, Penn Entertainment, ESPN Bet, Penn, Yahoo Finance, Will Disney, ABC, Geographic, CNBC, Industry, Disney's, Parks

☆ 3 key questions Disney analysts say CEO Bob Iger faces ahead of earnings this week, as concerns mount about succession and streaming profits
▼ + stars: | 2023-08-07 | by ( Reed Alexander | Lucia Moses | ) www.businessinsider.com time to read: +11 min

Persons: Bob Iger, —, Bob Chapek, Iger, Disney, Iger's, Peter Csathy, Tom Staggs, Kevin Mayer, Csathy, they're, He's, Paul Verna, Verna, David Heger, Edward Jones, Heger, Hulu —, Will, it's, Evercore, Dana Walden, Alan Bergman, Puck, Disney bigwigs, Mayer, Walden, Bergman, Reed Alexander, Lucia Moses Organizations: Disney, ESPN, Walt Disney Co, Hollywood, Creative Media, Apple, PE, Candle Media, Insider Intelligence, Hulu, LightShed Partners, Will Disney, ABC, Geographic, CNBC, Industry, Disney's, Parks

☆ Cheddar News was meant to be a digital-media darling that could rival Bloomberg and CNBC. Now it's reportedly considering a sale — here's how the network was pushed to the brink.
▼ + stars: | 2023-07-24 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

The owner of embattled network Cheddar News is reportedly considering selling the seven-year-old startup. NYT's DealBook reported on Monday that Altice USA tapped Goldman Sachs to explore a possible sale. NYT reporters Lauren Hirsch and Ben Mullin noted a sale isn't a foregone conclusion and Altice USA could decide not to proceed. Spokespersons for Altice USA did not immediately respond to Insider's request for comment on Monday morning and a spokesperson for Goldman Sachs had no comment. Check out Insider's exclusive coverage of the chaos at Cheddar News:Are you a Cheddar News or Altice USA insider?

Persons: DealBook, Goldman Sachs, Lauren Hirsch, Ben Mullin, Altice, —, I'd, Baker Machado, Chloe Aiello, Read, I've, Jon Steinberg, Steinberg, Reed Alexander Organizations: News, Telecom, Altice USA, Cheddar News, New York Times, USA, Insiders, Mail, Cheddar Locations: USA, Cheddar, Portugal

☆ Read the leaked Hearst Magazines memo announcing dozens of layoffs across titles like Cosmopolitan and Seventeen: 'Change can be difficult but it is necessary'
▼ + stars: | 2023-07-21 | by ( Reed Alexander | Lucia Moses | ) www.businessinsider.com time to read: +6 min

Hearst Magazines implemented layoffs Thursday affecting dozens of employees across its portfolio. Insider obtained the full memo from the president of Hearst Magazines announcing the news. Hearst Magazines Media Union tweeted that 41 of its members were laid off due to "company restructuring." Change can be difficult but it is necessary as we pave the way forward as a digital-first media company. Thank you all for your dedication as we work together to build the future for Hearst Magazines.

Persons: we're, Debi Chirichella, Hearst, —, Hearst Magazines Media Union, Chirichella, Slack, I'm, You'd, he'd, Jessica Giles, EIC Kristin Koch, It's, we've, Reed Alexander, Lucia Moses, lmoses, Alison Brower, Dan Whateley Organizations: Hearst, Hearst Magazines, Cosmopolitan, Hearst Magazines Media, Hearst Union, Twitter, Fashion

☆ Why Hollywood actors and writers are on strike and how the WGA and SAG-AFTRA walkouts are changing the entertainment industry
▼ + stars: | 2023-07-21 | by ( Reed Alexander | ) www.businessinsider.com time to read: +11 min

The Hollywood writers' strike got a boost when actors joined the picket lines in July. Together, the SAG-AFTRA and WGA strikes have upended development and promotion of new content. Read more about the issues and demands driving the WGA and SAG-AFTRA strikes:When will the SAG-AFTRA and WGA strikes end? Some are predicting that the writers' strike appears to be on course to outlast the previous the 100-day WGA strike of 2007-8, which cost the California economy roughly $2 billion. Read more about how Hollywood companies prepared for the strikes:Getting a job in Hollywood right now: Is anyone still hiring?

Persons: AFTRA, Oppenheimer, Abbott, Fran Drescher, it's, Read, Adam Conover, Ted Sarandos, David Zaslav, picketers, showdowns, Hollywood's, Reed Alexander, Lucia Moses Organizations: Hollywood, SAG, WGA, Writers Guild of America, Alliance, Television Producers, Netflix, Warner Bros, Discovery, Employees, Wall, Big Tech Locations: Los Angeles and New York City, California, Hollywood

☆ Hearst slashes roles across its magazine portfolio, which includes Cosmopolitan and Seventeen, as it looks to implement 'strategic decisions'
▼ + stars: | 2023-07-20 | by ( Lucia Moses | Reed Alexander | ) www.businessinsider.com time to read: +2 min

Hearst Magazines implemented layoffs Thursday affecting employees across its portfolio. The Hearst Magazines union tweeted that some 41 roles were cut. "As we continue to produce the highest-quality content across all platforms, we're also making strategic decisions that position the business for long-term growth," a Hearst Magazines spokesperson told Insider in a statement. Hearst Magazines Media Union tweeted that 41 of its members were laid off due to "company restructuring." The Hearst Union did not immediately respond to a request for comment from Insider on Thursday.

Persons: we're, didn't, Hearst Magazines Media Union, Hearst, Lucia Moses, Reed Alexander, ralexander, Dan Whateley Organizations: Hearst, Hearst Magazines, Cosmopolitan, Hearst Magazines Media, Hearst Union

☆ This exclusive chart reveals why the groundswell of buzz around 'Barbie' and 'Oppenheimer' could help reverse Hollywood's box-office doldrums in spite of the actors' strike
▼ + stars: | 2023-07-20 | by ( Reed Alexander | ) www.businessinsider.com time to read: +7 min

This year, a number of films have flopped at the box office, including "Elemental" and "The Flash." A social-media analysis from Diesel Labs points to possible success for "Barbie" and "Oppenheimer" — here's why. Temperatures are rising all around the world, with one notable exception: the box office, where this year's film openings have mostly been, at best, lukewarm. Social-media attention on forthcoming and recent film releases looks to be generally trending higher for titles like "Barbie," "Oppenheimer," and "Mission Impossible: Dead Reckoning Pt. This story has been updated to reflect new box office estimates and an estimate of how many moviegoers will see "Barbie" and "Oppenheimer" on the same day.

Persons: Barbie, Oppenheimer, Mario Bros, tentpole, Indiana Jones, —, Barbie ”, “ Oppenheimer, Michael O'Leary, David A . Gross, Tom Cruise's, Gross, Screenrant, Ruby Gillman, Mario, America's, Christopher Nolan's, Greta Gerwig's, Matt Damon, Emily Blunt, Rami Malek, Reed Alexander Organizations: Diesel Labs, SAG, Writers Guild of America, www.diesellabs.com Diesel Labs, National Association of Theatre Owners, Warner Bros, Rotten, Entertainment Research, Variety, Disney, Mario Bros, Writers Guild, Wednesday, London Locations: Hollywood, North America

☆ New data reveals why the groundswell of buzz around 'Barbie' and 'Oppenheimer' could help reverse Hollywood's box-office doldrums in spite of the actors' strike
▼ + stars: | 2023-07-19 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

This year, a number of films have flopped at the box office, including "Elemental" and "The Flash." A social-media analysis from Diesel Labs points to possible success for "Barbie" and "Oppenheimer" — here's why. Temperatures are rising all around the world, with one notable exception: the box office, where this year's film openings have mostly been, at best, lukewarm. Social-media attention on forthcoming and recent film releases looks to be generally trending higher for titles like "Barbie," "Oppenheimer," and "Mission Impossible: Dead Reckoning Pt. Diesel Labs’ data has found that social-media buzz about the forthcoming launches of “Barbie” and “Oppenheimer” is trending ahead of last year’s benchmark levels.

Persons: Barbie, Oppenheimer, Mario Bros, tentpole, Indiana Jones, —, Barbie ”, “ Oppenheimer, David A . Gross, Tom Cruise's, Gross, Screenrant, Ruby Gillman, Mario, America's, Christopher Nolan's, Greta Gerwig's, Matt Damon, Emily Blunt, Rami Malek, Reed Alexander Organizations: Diesel Labs, SAG, Writers Guild of America, www.diesellabs.com Diesel Labs, Warner Bros, Rotten, Entertainment Research, Variety, Disney, Mario Bros, Writers Guild, Hollywood Locations: Hollywood, London

Search resuls for: "ralexander"

25 mentions found