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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

☆ How TikTok’s viral 'no-spend month' could come back to bite you
▼ + stars: | 2024-06-22 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

The latest money-saving trend taking over is the "no-spend month," which encourages TikTok users to cut out all non-essential purchases for a set period. The no-spend rulesThe "no-spend" challenge can last for a week, a month or even a full year. On its face, "the no-buy challenge is as much pragmatic as it is symbolic," according to Gregory Stoller, a professor at Boston University's Questrom School of Business. "The potential complication with the no-buy challenge is to what extent people are willing to honor their commitment," Stoller said. Rather than hop on the latest extreme fad, "it comes back to setting a budget and setting expectations," Rossman said.

Persons: Gregory Stoller, Ted Rossman, Stoller, Rossman, Paul Hoffman Organizations: Boston University's Questrom School of Business, Finance, Bankrate, CNBC

☆ How do we solve a problem like Boeing?
▼ + stars: | 2024-03-13 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN —It took decades for Boeing to build a reputation as one of the most reliable companies on the planet. The latest headache for Boeing came Monday, when a 787 Dreamliner flying from Australia to New Zealand plunged suddenly mid-flight, injuring several passengers. It’s not clear what, if any, culpability Boeing has here — it said it’s gathering information about what went wrong. So, how do we solve a problem like Boeing? “This can be really as big as a financial crisis,” considering how many businesses around the world rely on Boeing planes.

Persons: CNN Business ’, Tesla, Brian Jokat, it’s, can’t, ” Gad Allon, “, ” Allon isn’t, Matt Stoller, ” Stoller, that’s, “ There’s, ” Allon Organizations: CNN Business, New York CNN, Boeing, American, Regulators, Latam Airlines, CNN, Wall Street Journal, FAA, Airbus, Pilots, University of Pennsylvania’s Wharton School of Business, American Economic Liberties, Boeing isn’t Locations: New York, Australia, New Zealand, American

Political Cartoons View All 253 ImagesMicrosoft’s years-long relationship with OpenAI is the best known of the partnerships. Google and Amazon have more recently made multibillion-dollar deals with Anthropic, another San Francisco-based AI startup formed by former leaders at OpenAI. The European Union and the United Kingdom have already signaled that they might also scrutinize the relationship with Microsoft and OpenAI. Antitrust advocates welcomed the actions from both the FTC and Europe into the deals that some have derided as quasi-mergers. The companies have 45 days to provide information to the FTC that includes their partnership agreements and the strategic rationale behind them.

Persons: OpenAI, ”, Lina Khan, Khan, Microsoft didn't, Matt Stoller, Satya Nadella, Kara Swisher, Sam Altman, Nadella, “, ” Nadella, Altman’s, It’s, They’re, Kelvin Chan Organizations: Google, Microsoft, U.S . Federal Trade Commission, FTC, Anthropic, OpenAI, European Union, Antitrust, Big Tech, American Economic Liberties, “, Intel, Bloomberg, Economic Locations: San Francisco, United Kingdom, Europe, OpenAI, Davos, Redmond , Washington, Iowa, Switzerland, London

☆ It Ain’t His, Babe: Bob Dylan Has Been Playing City-Specific Covers
▼ + stars: | 2023-11-22 | by ( Marc Tracy | More About Marc Tracy | ) www.nytimes.com time to read: +1 min

Bob Dylan famously does not do fan service. And in his live act, Dylan is also not a crowd-pleaser, at least in the conventional sense. It started on Oct. 1, when Dylan, playing Kansas City, Mo., for his first American date in more than a year, opened with “Kansas City,” the Leiber and Stoller standard first made famous by Wilbert Harrison and then the Beatles. A few days later, Dylan opened his St. Louis show with “Johnny B. Goode,” in presumed tribute to the city’s native son Chuck Berry. Next up was Chicago, where Dylan opened with … “Born in Chicago.”

Persons: Bob Dylan, Dylan, “, Leiber, Stoller, Wilbert Harrison, Louis, Johnny B, Goode, ”, Chuck Berry, … “ Organizations: Bloomberg, Kansas City, “ Kansas Locations: Mo, “ Kansas City, Chicago

☆ The SAG-AFTRA strike is the best thing to happen to Cameo, the short-video app where celebs get paid to make clips for fans, since the lockdowns
▼ + stars: | 2023-08-28 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Over 2,400 celebrities flocked to Cameo amid the SAG-AFTRA strike. AdvertisementAdvertisementShort-video request app Cameo has seen over 2,400 celebrities starting or reactivating their accounts since the actors' strike began in July, the company's CEO told CNN on Sunday. Cameo is an app where users can pay celebrities to make personalized short clips. Despite the recent influx of celebrities, Cameo has grappled with layoffs, axing 80 of its workforce in July and leaving the company with less than 50 employees, the Information reported. Galanis said at the time Cameo hired too many workers too quickly to "support both fan and talent demand during the pandemic lockdowns."

Persons: Fran Drescher, Alyssa Milano, Steven Galanis, Galanis, —, Cameo, Cheyenne Jackson, Milano, Raymond, Fred Stoller, Elijah Wood Organizations: SAG, Actors, Morning, CNN, Screen Actors, New York Times Locations: Hollywood

☆ Celebrity video site sees a surge of actor sign-ups in the wake of the strike
▼ + stars: | 2023-08-27 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

Others film short videos for fans on Cameo, fetching anywhere up to $1 to $1,500. CameoThe reality of actors’ livelihoods has come into full focus since the SAG-AFTRA strike began on July 14. Seeking extra cash, many out-of-work thespians have flocked to Cameo, a site where they can earn income from fans who buy personalized celebrity videos. The average price for Cameo for Business, which allows the video to be used for commercial purposes, is $1,700. ‘The Pope’s blessing’Despite the influx of actors this summer, it’s been a slow season for the site since Father’s Day.

Persons: Steven Galanis, ” Galanis, Fran Drescher, ”, Cameo, Drescher, Alyssa Milano, Cheyenne Jackson, Chris Wood, China McClain, Melissa Benoist, Brian Cox, Santa Claus, Galanis, Fred Stoller, Gerard, Raymond ”, Fred the, who’ve, ” Stoller, Stoller, he’s, we’re, it’s, AFTRA Organizations: New, New York CNN, SAG, CNN Business, CNN, for, “, “ The Penguins, Fantasy Football, Business Locations: New York, Hollywood, China, Santa, “ The, Madagascar

☆ Microsoft-Activision ruling highlights Lina Khan's struggles to fight tech
▼ + stars: | 2023-07-11 | by ( Lauren Feiner | ) www.cnbc.com time to read: +5 min

Khan first emerged in antitrust circles for her critiques of how antitrust enforcement overlooked potential abuses by Amazon . The ruling means the parties are closer to being able to complete their merger by their July 18 deadline. "In the coming days we'll be announcing our next step to continue our fight to preserve competition and protect consumers." It's not the first time a judge has looked dubiously on the FTC's antitrust enforcement theories under Khan. WATCH: Judge denies FTC request for preliminary injunction to stop Microsoft-Activision deal

Persons: Lina Khan, Lina Khan's, Khan, Joe Biden, Jacqueline Scott Corley, Corley, Microsoft's, we'll, It's, Matt Stoller, Stoller, –, Microsoft — Organizations: Energy, Securities and Exchange Commission, Federal Trade, Microsoft, Activision Blizzard, FTC, Activision, PlayStation, Nintendo, U.K, Competition, American Economic Liberties, Twitter, Biden, CNBC, YouTube Locations: Rayburn

☆ FTC's Lina Khan presses ahead with sprawling antitrust plans in the face of GOP opposition
▼ + stars: | 2023-05-31 | by ( Chelsey Cox | ) www.cnbc.com time to read: +10 min

As she made history in leading the agency, Khan's sprawling oversight plans and focus on fair competition in markets drew pushback from GOP leaders who denounced them as "politicized." The backlash to Khan's antitrust platform has come from across the Republican caucuses in Congress — even as many GOP lawmakers have backed antitrust policies or slammed Big Tech companies. watch nowKhan has defended her positions, telling CNBC on May 10 that the FTC enforces antitrust laws passed by Congress. Jordan and other GOP House members have criticized the plan as a "power grab." But an FTC spokesperson said Khan's agency has jurisdiction over all fees except banking and airlines.

Persons: Lina M, Khan, Graeme Jennings, Lina Khan, Pete Buttigieg's, Rohit Chopra, Christine Wilson, Noah Joshua Phillips, Joe Biden's, Matt Stoller, Stoller, Lina, Republican Sens, Chuck Grassley, Mike Lee, Ken Buck, Jim Jordan, Grassley, David Cicilline, Sen, Amy Klobuchar, Elon Musk, Musk, Jordan, Jon Schweppe, Jordan tweeting, they're, Mo Cayer, Khan . Jordan, noncompetes, Trump, Wilson, Leslie Overton, Harkrider, Biden Organizations: Commerce, Science, Capitol, AFP, Getty Images, Biden, Federal Trade, Southwest Airlines, Republicans, Consumer Financial Protection, FTC, Yale University Law School, Washington , D.C, New Yorker, Columbia Law School, American Economic Liberties, Big Tech, Republican, GOP, CNBC, Congress, Rhode Island's, Committee, Twitter, GOP House, Elon, The New York Times, Times, University of New, Democratic, Junk Locations: Washington , DC, London, Washington ,, New, Iowa, Utah, Colorado, Ohio, House, Minnesota, University of New Haven, Connecticut, Khan ., Axinn

☆ Opinion | Can the Writers’ Strike Fix Hollywood?
▼ + stars: | 2023-05-20 | by ( Ross Douthat | ) www.nytimes.com time to read: +2 min

A somewhat more pessimistic analysis, offered by writers like Sonny Bunch and Jessa Crispin, emphasizes that the superhero-sweatshop corporate strategy evolved because it’s giving audiences what they want. And so even if the strike is an opportunity for reconsiderations, it’s probably not a lever that can change the system as a whole. Personally I would like to see the strike lever a different Hollywood system into being. (HBO’s “Westworld,” for instance, or lately Showtime’s “Yellowjackets.”) Sometimes they play like thin imitations of the previous decade’s antihero dramas. Or they take on the character of the theatrical experience but somewhat worse — with too-big-to-fail franchises that nobody really enjoys.

☆ How UnitedHealth Group grew bigger than the nation's biggest banks
▼ + stars: | 2023-05-20 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +3 min

UnitedHealth Group has the highest price per share of any company on the Dow Jones Industrial Average and it's the tenth heaviest-weighted stock on the S&P 500. In fact, not only is UnitedHealth the biggest health-care conglomerate in the United States based on market cap and revenue, it's even bigger than JPMorgan Chase, the nation's largest bank. "If I had to pick one stock, only one stock to buy, I'd buy United[Health]," said Ana Gupte, principal at AG Health Advisors. "UnitedHealth Group is committed to improving the health system for everyone, advancing evidence-based practice and aligning incentives across the system to ensure people get the right care at the right time in the right place," UnitedHealth Group told CNBC. Watch the video above to learn how UnitedHealth Group grew so big and what that means for the U.S. health-care system.

“Spoiler Alert” opened in U.S. theaters Dec. 2. “Women Talking” opened in select U.S. theaters Dec. 2. “The Whale” opens in U.S. theaters Dec. 9. “Babylon” opens in U.S. theaters Dec. 23. “I Wanna Dance With Somebody” opens in U.S. theaters Dec. 23.

☆ Corteva makes $1.2 bln bid for Stoller Group
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: 1 min

Nov 30 (Reuters) - Corteva Inc (CTVA.N) will buy biologicals firm Stoller Group Inc for $1.2 billion in cash, the companies said on Wednesday, as it looks to expand its crop protection business. Biologicals related to the agriculture sector are a growing market and expected to represent about 25% of the overall crop protection market by 2035. Corteva has been working toward enhancing its portfolio of crop protection assets and bought Spain-based Symborg in September. The Stoller deal, which is expected to close in the first half of 2023, will be accretive to Corteva's core earnings in 2023, the companies said. Reporting by Arshreet Singh; Editing by Anil D'Silva and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ It's not just inflation — corporate greed is also partially to blame for the rising prices you're paying
▼ + stars: | 2022-02-12 | by ( Paul Constant | ) www.businessinsider.com time to read: +6 min

He said inflation is measured using a "market basket" of goods and services. The CPI can't fully explain inflation's rise — some price increases go to corporate profits, he says. Our own experience as consumers informs us that prices on various goods and services are rising, and the inflation rate, derived from the CPI, confirms that our experience is true. But what the CPI can't explain — at least, not fully — is how and why inflation is rising. The United Kingdom, for example, reported a 5.4% inflation rate in December.

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