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☆ Comcast’s cable networks spinoff raises questions about future of the TV business
▼ + stars: | 2024-11-20 | by ( Brian Stelter | ) edition.cnn.com time to read: +5 min

On Wednesday morning, the media giant confirmed that it is spinning off most of its cable channels, including MSNBC and CNBC, into a separate publicly traded company. The new company doesn’t have a formal name yet — Comcast is simplycalling it “SpinCo” — a suitable label since employees’ heads are spinning with questions. Discovery, spin off their cable channels too? How might the cable bundle business model be impacted? “This is a very clear, direct statement by Comcast” that “they are exiting the cable network business,” Greenfield said.

Persons: Mike Cavanagh, NBCUniversal, Tom Rogers, Rogers, “ it’s, ”, ” Rogers, Rich Greenfield, ” Greenfield, ’ It’s, Mark Lazarus, Lazarus, “, Joe Kernen, Greenfield’s, Greenfield, Matt Stoller, Hugh Johnston, “ SpinCo Organizations: New, New York CNN, Comcast, MSNBC, CNBC, Walt Disney Company, Warner Bros, NBC Cable, Lightshed Partners, Paramount, USA Network, SYFY, Golf, Rotten, NBC, American Economic Liberties, Disney, ” Fox Corp Locations: New York

☆ Stocks making the biggest moves midday: Nvidia, Berkshire Hathaway, Yum China and more
▼ + stars: | 2024-11-04 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

Nvidia is slated to replace rival chipmaker Intel , while paint manufacturer Sherwin-Williams will replace Dow Inc . Fox Corp. — Shares rose nearly 4% after the media company surpassed Wall Street's fiscal first-quarter estimates. That surpassed the earnings per share of $1.13 and $3.38 billion in revenue expected by analysts polled by FactSet. The New York Times — The media company's shares fell 6% after The New York Times added fewer-than-expected digital subscribers in the third quarter, even as its digital advertising sales saw its strongest growth in more than two years. The New York Times Tech Guild also announced Monday morning that it is officially on an unfair labor practice strike .

Persons: Sherwin, Williams, Berkshire Hathaway, Warren Buffett's, FactSet, Talen, Marriott, Peter Stern, Chewy, Dow, — CNBC's Michelle Fox, Lisa Kailai Han, Pia Singh, Sean Conlon, Samantha Subin Organizations: Nvidia, Dow Jones, Intel, Dow Inc, Berkshire, Energy, Federal Energy Regulatory Commission, Susquehanna, Amazon, Constellation Energy, Marriott, underperform, Bank of America, Yum China Holdings —, Fox Corp, FactSet, The New York Times, New York Times, New York Times Tech Guild Locations: Shanghai, Yum China

☆ Here's a final breakdown of how both presidential candidates might affect your finances
▼ + stars: | 2024-11-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, a final look at the impact a Harris or Trump presidency will have on your finances . The big storyThe White House and your walletGetty Images; Jenny Chang-Rodriguez/BIOn the eve of election day, we're offering a final breakdown of how both candidates might affect your wallet. Let's get into it:Investing : The corporate tax rate is the major difference between the two sides that'll likely have the biggest impact on markets. Harris wants to raise the corporate tax rate, which would likely have the opposite effect. Cost of things : Both candidates are looking to keep leveraging tariffs, but Trump's policy is much more aggressive.

Persons: —, Harris, Trump, let's, Jenny Chang, Rodriguez, Kamala Harris, Donald Trump, Let's, she's, Mario Tama, Peacock, Chip Somodevilla, Dow, BI's Emma Cosgrove, Siri, We've, Montana Sen, Jon Tester, Colin Allred, Carl Godfrey, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Service, BI, . Tech, Nvidia, Intel, Dow Jones, Trump, Mario, Fed, Street, CNBC, MSNBC, NBC, Apple Intelligence, WWDC, Apple, Democratic, Texas Rep, Fox Corp, Goodyear, Marriott Locations: Trump, New York, London

☆ What to know about the San Jose State volleyball team and why opponents are boycotting matches
▼ + stars: | 2024-10-25 | by ( The Associated Press | ) www.nbcnews.com time to read: +10 min

In a lawsuit filed against the NCAA, plaintiffs cited unspecified reports asserting there was a transgender player on the San Jose State volleyball team, even naming her. While some media have reported those and other details, neither San Jose State nor the forfeiting teams have confirmed the school has a trans women’s volleyball player. More about the San Jose State issue and what’s at stake:Who’s involved? San Jose State senior setter and co-captain Brooke Slusser joined the lawsuit as a plaintiff on Monday. Brooke Slusser of the San Jose State Spartans serves the ball during a match on Oct. 19.

Persons: Donald Trump, Who’s, ” Riley Gaines, Brooke Slusser, Andrew Wevers, Slusser, “, ” Kadence Otto, ” Otto, Todd Kress, ”, Kress, Gloria Nevarez, ” Nevarez, Gaines, Riley Gaines, Megan Mendoza, Sia Liilii, OutKick, Emily Kohan, “ I’m, encroaches, Lia Thomas, Thomas, Joanna Harper, Harper, ” Harper, that’s, Joe Biden, IX, —, Jose State’s Organizations: San, San Jose State women’s, Spartans, Republican, University of Nevada, Utah State, Boise, Mountain, NCAA, San Jose, San Jose State volleyball, Associated Press, Independent, Women’s Sports, University of Kentucky, San Jose State Spartans, Gallup, Trump, Western Carolina University, AP, Aggies, Wolf, Phoenix City Hall, USA, ”, Fox Corp . Colorado State, ” Rams, NCAA Division, Pennsylvania, Penn, Athletics, Oregon Health, Science University, Trans, Democratic, U.S, Supreme Locations: San Jose State, Reno, Nevada, San Jose , California, “, Southern Utah, Boise State , Wyoming, Utah, Utah State, Idaho , Nevada , Utah, Wyoming, Jose State, California, The Republic, ” Nevada, Atlanta, Jose

Billionaires Darwin Deason, Michael Dell, and Tony Pritzker are trying to offload homes right now. It can take a long time for extremely expensive or unique homes to find buyers. AdvertisementBillionaires regularly want to offload their homes, but the housing market can present some unique challenges for the wealthiest home sellers. At least two billionaires have found buyers for their homes this fall. A handful of billionaires, however, have homes they're still trying to sell.

Persons: Darwin Deason, Michael Dell, Tony Pritzker, —, Gordon Getty, Getty, Rupert Murdoch's Organizations: Service, of Wings, Media, Fox Corporation, News Corp Locations: Boston, Berkeley, San Francisco, Manhattan, California

☆ Diamond Sports, FanDuel reach naming rights agreement for regional sports networks
▼ + stars: | 2024-10-16 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +4 min

More change is coming to Diamond Sports' regional sports networks. Diamond Sports said in the filing that if it is able to emerge from bankruptcy protection, FanDuel will be a "long-term naming rights partner." The new naming rights agreement would also give FanDuel the right to buy up to 5% of equity in the reorganized company and get performance warrants for up to 5% of equity. A naming rights deal was later signed with gaming company Bally's Corp . Some NBA teams that have left the regional sports networks have turned to local broadcast stations to air local games.

Persons: Diamond, FanDuel, Sinclair Organizations: Diamond Sports, Bally Sports, National Hockey League, National Basketball, NBA, NHL, Fox Corp, Disney, Fox Sports, Bally's Corp, Sinclair, Major League Baseball, MLB, Atlanta Braves, San Diego Padres, Arizona Diamondbacks, Milwaukee Brewers, Cleveland Guardians, Minnesota Twins, Dallas Stars, Anaheim Ducks, Parent Locations: Canada

☆ Trump or Harris? Here are the 2024 stakes for airlines, banks, EVs, health care and more
▼ + stars: | 2024-10-13 | by ( Hugh Son | ) www.cnbc.com time to read: +18 min

Former President Donald Trump and Vice President Kamala Harris face off in the ABC presidential debate on Sept. 10, 2024. The previous Trump administration didn't pursue those types of consumer protections. In contrast, Democrats, including Harris, have historically supported EVs and incentives such as those under the Biden administration's signature Inflation Reduction Act. Meanwhile, Harris, if elected, can build on existing efforts of the Biden administration to deliver savings to more patients, they said. Trump also led multiple efforts to repeal the Affordable Care Act, including its expansion of Medicaid to low-income adults.

Persons: Donald Trump, Kamala Harris, he's, Harris, Joe Biden's, Trump, Pete Buttigieg, Jonathan Kletzel, didn't, — Leslie Josephs Banks Big, JPMorgan Chase, Biden, Tobin Marcus, it's, Sen, JD Vance, they're, Lindsey Johnson, Hugh Son, Pablo Di Si, EVs, Joseph Spak, Harris hasn't, Mike Wayland, Drugmakers, Trump hasn't, Mariana Socal, Annika Kim Constantino, David Zaslav, John Malone, Time Warner, Simon, Simon & Schuster, Marc DeBevoise, Jonathan Miller, Elon Musk's, Musk, I'm, MAGA, I'm Dark MAGA, —, TikTok, — Lillian Rizzo, Alex Sherman, Michael Lynn, — Amelia Lucas Organizations: ABC, Getty, U.S, Trump, Treasury, Justice Department, Federal Trade Commission, Consumer Financial, Bureau, CNBC, The Biden Department of Transportation, Democratic, American Airlines, JetBlue Airways, Spirit Airlines, Industry, Boeing, JPMorgan, Securities and Exchange Commission, Currency, Federal Deposit Insurance Corporation, Biden, Wolfe Research, Bank, Republican, Bankers, Democratic Party, Consumer Bankers Association, Republicans, Volkswagen Group of America, Automotive News, Environmental Protection Agency, UBS, Mike Wayland Health, Commonwealth Fund, Medicare, Johns Hopkins Bloomberg School of Public Health, Annika Kim Constantino Media, Paramount Global, Skydance, Warner Bros, Discovery, Allen & Co, Sun, Media, Disney, Fox Corp, Time, Simon &, Random, MGM, FCC, Integrated Media, Twitter, Capitol, White, Lawmakers, Meta's Facebook, Alex Sherman Restaurants, National Restaurant Association, National Labor Relations Board, Social Security, Washington Post, Cornell University Locations: United States, PwC, JetBlue's, U.S, China, Ohio, Michigan, California

☆ Eric Adams has the SCOTUS supermajority to thank as he challenges his bribery charge
▼ + stars: | 2024-09-30 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

In a court filing on Monday, Adams attorney Alex Spiro cites a groundbreaking June SCOTUS decision as reason enough to toss the bribery count. AdvertisementFederal prosecutors say Adams enjoyed nearly a decade of globe-circling Turkish Airlines trips. "I know," the feds say Adams responded when told by the staffer that Turkey saw this as "his turn" to reciprocate. (In addition to Spiro, Adams is represented by Avi Perry and William Burck. Adams has pleaded not guilty to the indictment, which also charges him with illegally accepting campaign contributions from Turkish officials and others via straw donors.

Persons: SCOTUS, Adams, —, Eric Adams, It's, Alex Spiro, Snyder, Spiro, Michel Paradis, Paradis, Brett Kavanaugh, Avi Perry, William Burck, Anthony Kennedy, Kavanaugh, Spiro didn't Organizations: New York City, Service, US, Indiana, Columbia Law School, Prosecutors, Turkish Airlines, Fox Corp, New York Times, Turkish, Justice Department Locations: New York, United States, Turkey, Turkish, Spiro, Burck

☆ Smartmatic and Newsmax reach settlement in election defamation case
▼ + stars: | 2024-09-26 | by ( Zoë Richards | Zoë Richards Is A Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

Smartmatic and Newsmax have reached a settlement in the voting technology company’s election defamation lawsuit against the right-wing news outlet shortly before the case was set to go to trial. The lawsuit focused on Newsmax's false claims that Smartmatic's machines rigged the 2020 presidential election for Joe Biden. Smartmatic sued Newsmax Media in 2021, alleging it claimed Smartmatic’s devices rigged the 2020 election. Former President Donald Trump and his allies have continued to promote false claims that the 2020 election results were manipulated to favor Biden. Smartmatic in April settled a similar defamation lawsuit against One America News for a sum that was not disclosed publicly.

Persons: Joe Biden, Newsmax, Smartmatic, Samira, Saba, Donald Trump, Biden Organizations: Newsmax, Newsmax Media, One America, Fox News, Fox Corp, Dominion Voting Systems Locations: Samira Saba

☆ Newsmax and Smartmatic settle 2020 election defamation case on eve of trial
▼ + stars: | 2024-09-26 | by ( Marshall Cohen | ) edition.cnn.com time to read: +3 min

The pro-Trump cable outlet Newsmax and voting technology company Smartmatic settled a major 2020 election defamation lawsuit Thursday in a last-minute agreement to avoid a high-stakes trial. But in the run-up to the trial, Smartmatic’s hand weakened significantly, further raising the possibility of a settlement. Smartmatic has claimed that the lies promoted by Newsmax, Fox News, and other Trump allies destroyed its reputation and cost the company billions of dollars. However, as the Newsmax trial approached, Smartmatic’s lawyers reduced the company’s damages claim to approximately $370 million, according to statements in court. It often makes sense to settle rather than pay the expenses of a trial and possible appeals.”The settlement is the latest in a string of 2020 election defamation cases to reach an out-of-court agreement before trial.

Persons: Smartmatic, Newsmax, Erik Connolly, ” Connolly, “ Smartmatic, Donald Trump, ” Howard Cooper, Trump, Eric Davis, ”, Eric Robinson Organizations: Trump, Smartmatic, Newsmax, Fox News, University of South, Dominion, Systems, News, Fox Corporation, Fox Locations: Wilmington , Delaware, . Delaware, ”, University of South Carolina

☆ Behind the scenes at the Murdoch family's secret court fight
▼ + stars: | 2024-09-23 | by ( Peter Kafka | ) www.businessinsider.com time to read: +11 min

The biggest story in media right now has nothing to do with sexting. But recently, Rupert Murdoch has been trying to change those plans, and pass along full control to Lachlan Murdoch, who now has the CEO title at both News Corp and Fox. AdvertisementElisabeth Murdoch and her father, Rupert Murdoch, pictured in 2010. I think Lachlan would hope to figure out ways to keep on keeping on. Related storiesThroughout his career, Rupert Murdoch was always willing to sell assets he'd spent time and money acquiring.

Persons: Rupert Murodoch's, Murdoch, haven't, Rupert Murdoch's, Lachlan, James, Elisabeth, Prudence —, Rupert Murdoch, Lachlan Murdoch, David Folkenflik, Elisabeth Murdoch, Samir Hussein, he'd, didn't, I've, Rupert, Prudence Murdoch, Prudence MacLeod, Evan Agostini, It's, He's, it's, NPR's David Folkenflik, Gabriel Sherman, you've, Suzanne Scott, who've Organizations: Service, Fox News, Business, — News Corp, New York Post, Street Journal, Fox Corp, Fox, News Corp, HBO, Trump . Fox News, Disney, Sky News, Capitol, NPR, Nevada Supreme, Court, Corp, Old Media, Fair, NBC, Street Locations: Reno , Nevada, Nevada, Rupert's, Australia, Reno

☆ The Murdoch family battle could have huge implications for the future of Fox News
▼ + stars: | 2024-09-17 | by ( Brian Stelter | ) edition.cnn.com time to read: +5 min

But at Fox News, they gossip about the Murdochs, the family who controls Fox’s parent company. What will happen after patriarch Rupert Murdoch dies? Could Lachlan’s younger brother James Murdoch force Fox to take a progressive bent? Rupert Murdoch, 93, is seeking to amend the family trust that he established decades ago, giving his four oldest children equal votes over the future of his conservative media empire after he dies. Under the current terms, Lachlan, James, Elisabeth and Prudence Murdoch each have equal voting rights after their father dies.

Persons: Rupert Murdoch, Lachlan, James Murdoch, Fox, Murdoch, James Murdoch’s, ”, James, Fox’s, Biden, Kamala Harris, James ”, Donald Trump, Rupert, Elisabeth, Prudence Murdoch, Maureen Dowd, Rupert “, ” James, Prudence, Bill Barr Organizations: New, New York CNN, Fox News, Fox, Fox Corp, HBO, CNN, The New York Times, News Corp, Wall Street Journal, New York, Liberal, Trump Locations: New York, Nevada, Reno , Nevada, Reno

DirecTV and Disney have reached a deal that brings Disney’s ESPN and other channels back to the pay-tv provider’s customers after a roughly two week blackout. On Saturday, DirecTV and Disney said they reached a deal that called for “market based terms” on pricing. DirecTV will be able to offer Disney’s streaming services in its packages and a la carte, the company said in a release Saturday. The amount of customers DirecTV lost during the dispute was not “immaterial,” said DirecTV Chief Marketing Officer Vince Torres at Goldman Sachs’ Communacopia & Technology Conference on Thursday. DirecTV offered its customers a $30 credit, financed by stopping payments to Disney as soon as the blackout began, Torres said.

Persons: Disney, DirecTV’s, Jimmy Pitaro, “, It’s, ESPN’s Pitaro, ”, Vince Torres, Goldman Sachs, Torres, Venu, DirectTV, ESPN — Organizations: DirecTV, Disney, ESPN, ABC, SEC Network, ACC Network, CNBC, U.S ., Hulu, Charter Communications, Technology Conference, Antitrust, Warner Bros, Discovery, Fox Corp, Federal Communications Commission, FCC

Disney's networks went dark on Sept. 1 after the two sides could not agree to terms on fees and bundle structures. DirecTV called Disney anti-consumer, and ESPN Chairman Jimmy Pitaro called the responses DirecTV made to Disney's package offers "basically hypotheticals." The amount of customers DirecTV lost during the dispute was not "immaterial," said DirecTV Chief Marketing Officer Vince Torres at Goldman Sachs' Communacopia & Technology Conference on Thursday. DirecTV offered its customers a $30 credit, financed by stopping payments to Disney as soon as the blackout began, Torres said. This was the second dispute in a year that left pay TV customers without Disney's networks.

Persons: Disney, DirecTV's, Jimmy Pitaro, It's, ESPN's Pitaro, Vince Torres, Goldman Sachs, Torres, Venu, DirectTV, ESPN — Organizations: Clemson Tigers, season's, Clemson, NCAA Division, DirecTV, Disney, ESPN, U.S ., Atlanta Falcons, Philadelphia Eagles, CNBC, & Technology Conference, ABC, Antitrust, Warner Bros, Discovery, Fox Corp, Federal Communications Commission, FCC, Charter Communications

The 93-year-old billionaire’s legal effort to rewrite the terms of an irrevocable family trust will remain confidential, a Nevada judge ruled Thursday. The judge rejected a petition from a coalition of major news organizations seeking to make the court proceedings public. The case has drawn intense interest from power players in the overlapping worlds of media, entertainment and politics. Murdoch is one of the most influential press barons of the modern age and his family owns prized assets such as Fox News and The Wall Street Journal. The family feud has been shrouded in secrecy because all of the case filings are under seal.

Persons: Rupert Murdoch’s, Murdoch, ” Murdoch, Lachlan, — James, Elisabeth, Prudence —, Lachlan Murdoch, James Murdoch, Kamala Harris ’, ”, Rupert Murdoch, “ Organizations: Court, Fox News, Street, HBO, The New York Times, NBC News, Fox Corp, News Corp, Federal, Commission, Democratic, The, The Times, Associated Press, CNN, National Public Radio, Reuters, The Washington Locations: Nevada, Reno

☆ Why the Murdoch family is secretly battling over succession in an obscure Nevada court
▼ + stars: | 2024-09-12 | by ( Hadas Gold | ) edition.cnn.com time to read: +8 min

Last year, Falconi successfully petitioned the Nevada Supreme Court, which ruled that the public has a constitutional right to access Family Court cases. While the court is scheduled to hold evidentiary hearings next week, a decision from the court on media access could come at any time. If a judge does agree to unseal the case, it could have major ripple effects for Nevada family courts. Some have argued that sealing family court cases helps protect the privacy of vulnerable people. Falconi is not working with the media coalition, but said he hopes the national media attention on the Murdoch case will tangentially help his mission.

Persons: Rupert Murdoch, ”, Murdoch’s, — Lachlan, James, Elisabeth, Prudence, Murdoch, Lachlan, James Murdoch, Kamala Harris, Elisabeth Murdoch, Alex Falconi, Falconi, St James, Victoria Jones, ” Falconi, “, “ Doe, Rupert Murdoch “, —, “ They’re Organizations: New, New York CNN, HBO, Fox Corporation, News Corporation, CNN, New York Times, Fox, News Corp, Street, New York Post, Silver State, Nevada, American Civil Liberties Union, Spencer, The New York Times, National Public Radio, Nevada Supreme, News Locations: New York, Reno , Nevada, Australia, Nevada, Washoe, “ Nevada, London

☆ A Neom executive reportedly complained about having a meeting on a Sunday evening after 3 workers died
▼ + stars: | 2024-09-11 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Read previewA Neom executive reportedly complained about having an emergency meeting on a Sunday evening following the deaths of three employees working on Saudi Arabia's megaproject estimated to cost between $500 billion and $1.5 trillion, according to a bombshell Wall Street Journal report. Wayne Borg, a former Fox Corp executive, reportedly described Neom's blue-collar workers from the Indian subcontinent as "f—ing morons" and said "that is why white people are at the top of the pecking order." This story is available exclusively to Business Insider subscribers. Citing current and former Neom employees, the Journal reported that three workers were killed by a falling pipe, a collapsing wall, and mishandled explosives. Neom told the Journal it has a zero-tolerance policy toward inappropriate workplace behavior.

Persons: —, Wayne Borg, we've, Borg, Prince Mohammed bin Salman's, Neom Organizations: Service, Saudi, Fox Corp, Business, Journal, BBC, Neom Locations: Saudi Arabia, Saudi

Disney and DirecTV are not likely to reach a deal in time for "Monday Night Football" according to people familiar with the matter. As a result of the fight, DirecTV customers were unable to see the U.S. Open and the first full weekend of the college football season. DirecTV alerted customers on Friday to competitor alternatives for watching ESPN and also said it would provide a $30 credit to customers. However, Charter and Disney reached a deal hours ahead of "Monday Night Football" that allowed customers to tune in that night. The dispute between DirecTV and Disney has led to mudslinging between the two companies reminiscent of most carriage fights.

Persons: Rob Thun, Venu —, Venu, Disney, It's, Jimmy Pitaro, Nielsen, Pitaro, Adam Schefter, DirecTV's Thun Organizations: ESPN, Jacksonville Jaguars, Cincinnati Bengals, EverBank, DirecTV, Disney, FX, ABC, U.S ., CNBC, Walt Disney Co, Fox Corp, Warner Bros, NFL, Federal Communications Commission, Charter Communications, New York Jets, San Francisco 49ers Locations: Jacksonville , Florida, American, U.S

☆ DirecTV is now paying customers to subscribe to competitors as Disney battle escalates
▼ + stars: | 2024-09-09 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —DirecTV wants its customers to stick with the service during an increasingly nasty dispute with Disney that threatens to black out tonight’s “Monday Night Football” game. So DirecTV developed an unusual strategy: It’s paying customers to subscribe to a rival. Affected customers of DirecTV, DirecTV Stream and U-Verse can get a free weeklong trial of Fubo for two of its packages that carry ESPN and Disney networks and an additional $30 off the first month of service. DirecTV is also giving its customers a $30 credit to sign up for Sling’s orange tier that includes ESPN channels. DirecTV said the deals are a “small way” to help customers while its fight over the expired distribution agreement with Disney stretches into a second week.

Persons: “ Disney, Venu ’, ’, Venu Sports, Fubo, Kamala Harris, Donald Trump, “, ’ ”, DirecTV’s, – CNN’s Robert Ilich Organizations: New, New York CNN, DirecTV, Disney, Sling, Dish Network, ABC, ESPN, Sunday, Federal Communications Commission, Fox Corp, Warner Bros, CNN, NFL Locations: New York

☆ DirecTV files FCC complaint against Disney amid blackout
▼ + stars: | 2024-09-08 | by ( Robert Ilich | ) edition.cnn.com time to read: +2 min

CNN —DirecTV filed a complaint Saturday with the Federal Communications Commission alleging Disney did not negotiate in good faith as the two sides remain at an impasse on a distribution deal. ESPN owns the broadcast rights to “Monday Night Football,” which will be blacked out for DirecTV subscribers unless a deal is reached. “We continue to negotiate with DirecTV to restore access to our content as quickly as possible,” a Disney spokesperson told CNN on Sunday. The opening game for “Monday Night Football” features the New York Jets and San Francisco 49ers. The blackout also includes ESPN’s suite of channels and the Disney Channel, Disney Jr., FX and National Geographic.

Persons: Disney, “ Disney, Venu ’, ’ ”, Venu Sports, Kamala Harris, Donald Trump, “, San Francisco — Organizations: CNN — DirecTV, Federal Communications Commission, Disney, DirecTV, CNN, Fox Corporation, Warner Brothers Discovery, ABC, ESPN, NFL, Monday, New York Jets, San Francisco 49ers, Buffalo Bills, Jets, Disney Channel, Disney Jr, Geographic Locations: New York, Los Angeles, Chicago, Philadelphia, Houston, San, Fresno , California, Raleigh , North Carolina

Murdoch is one of the most powerful and influential media titans of the modern age. The palace intrigue inside the Murdoch family has often lent itself to breathless public fascination, inspiring the HBO series “Succession” and behind-the-scenes books. The family is divided partly by differences in political opinion — and how those beliefs could shape the future of its sprawling media empire. Lachlan Murdoch, who took over as chairman of Fox Corp. and News Corp. last September, tends to be more aligned with his father’s conservative worldview. James Murdoch, Elisabeth Murdoch and Prudence Murdoch are believed to be more politically moderate.

Persons: Rupert Murdoch’s, Murdoch, Lachlan, — James, Elisabeth, Prudence —, Alicia L, Gary A, Adam Streisand, Donald Trump, ”, Lachlan Murdoch, James Murdoch, Elisabeth Murdoch, Prudence Murdoch, Kamala Harris ’, “ Rupert Murdoch, Reece Peck, “ Organizations: Fox News, Street, NBC News, The New York Times, Fox Corp, News Corp, Federal, Commission, Democratic, The, The Times, Fox, Trump, Dominion Voting Systems, City University of New York, College of Staten Locations: Washoe, Reno , Nevada, Reno, American, College of Staten Island

Rupert Murdoch at his annual party at Spencer House, St James' Place in London. Activist investor Starboard Value moved Friday to dissolve News Corp's dual-class share structure, a challenge to the Murdoch family's control over the Wall Street Journal parent, according to people familiar with the matter. News Corp's structure as of September gave Rupert Murdoch control over around 40% of the company's voting stock. Last November, Rupert Murdoch, 93, stepped down as chair of the board at both News Corp and Fox Corp. His son, Lachlan Murdoch, is the sole chair of News Corp., and continued his role as Fox Corp.'s executive chair and CEO.

Persons: Rupert Murdoch, St James, Murdoch, Jeff Smith, Smith, Lachlan Murdoch Organizations: Spencer, Wall Street Journal, News Corp, CNBC, REA Group of Australia, New York Times, Wall Street, Fox Corp, Reuters, Autodesk, Match, . News Corp, Sun, HarperCollins Locations: London

☆ The Murdoch family is secretly battling over succession. News outlets are asking a court to make it public
▼ + stars: | 2024-09-04 | by ( Hadas Gold | ) edition.cnn.com time to read: +2 min

New York CNN —A coalition of media organizations, including CNN, has petitioned a Nevada court to open up the secret proceedings surrounding a legal battle over the future of billionaire Rupert Murdoch’s media empire. Instead, Murdoch wanted to grant exclusive control to his eldest son and chosen successor Lachlan, according to The Times. But the entire process has been completely sealed in Nevada, with even the existence of the proceedings kept in secret. According to the Times, the trust only allows changes that are done in good faith with the purpose of benefiting all heirs. A trial to decide whether Murdoch is acting in good faith is expected to begin in September.

Persons: Rupert Murdoch’s, Murdoch, Lachlan, “ Organizations: New, New York CNN, CNN, New York Times, Associated Press, National Public Radio, The Washington Post, Reuters, Fox News, Street Journal, The Times, Fox Corporation, News Corporation, Times, redactions Locations: New York, Nevada, Australia

☆ Murdoch family battle highlights Nevada's secret trust boom
▼ + stars: | 2024-08-13 | by ( Robert Frank | ) www.nbcnews.com time to read: +6 min

The Murdoch family feud taking place in an obscure Nevada court highlights the state’s surging popularity as a global center of family trusts and a friendly home to the world’s biggest fortunes. The Western state’s fast-growing industry of trust and estate attorneys, trust companies and facilitators keeps a deliberately low profile. At the center of the Murdoch case is the Murdoch Family Trust, which holds the powerful voting shares in News Corp. and Fox Corp. that effectively control the companies. (The trust also contains the family farm in Australia, the Murdoch art collection and its Disney shares.) “Normally a family would have some ties in Nevada to establish trust, either living here or having real estate,” Tyrell said.

Persons: Murdoch, ”, Steven Oshins, ” Oshins, Thomas Piketty, Emmanuel Saez, Gabriel Zucman, Rupert Murdoch, Lachlan, James, Elisabeth, Prudence, it’s, Rupert, Elyse Tyrell, Tyrell Law PLLC, Rupert Murdoch —, It’s, ” Tyrell, “ Organizations: IRS, Division, Trust, News Corp, Fox Corp, Disney, The New York Times, Street Journal, Fox, Henderson , Nevada . Trust Locations: Nevada, “ Nevada, South Dakota, Tennessee , Delaware, U.S, Australia, Henderson , Nevada

☆ The Little Streamer That Could
▼ + stars: | 2024-08-13 | by ( John Koblin | ) www.nytimes.com time to read: +1 min

“Would it put a virus on your computer?” Ms. Parlapiano said. Tubi has exploded in popularity over the last 18 months, establishing itself as one of the most popular streaming outfits in the United States. It now consistently outranks Peacock, Max, Paramount+ and Apple TV+ in total viewing time, according to Nielsen — and is drawing even with Disney+. The streaming service, which is owned by the Fox Corporation, runs a different business model from those competitors. And it comfortably commands more engagement than those peers, according to Nielsen.

Persons: Nicole Parlapiano, Parlapiano, ” That’s, outranks Peacock, Max, Nielsen Organizations: Paramount, Apple, Disney, Netflix, Hulu, Fox Corporation, Nielsen Locations: Tubi, United States

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