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Distributors are making it harder for legacy media companies like Disney to bid for valuable sports content. "Historically, I felt media companies had the advantage with the content," Naveen Sarma, senior director of US Media & Telecom at S&P Global Ratings, told Insider. "The cable companies inevitably gave in. For the past couple years, we've wondered why the cable companies weren't taking the stand." "Some of the tech and streaming companies have the ability to be global and create custom packages for leagues.
Persons: , NBCUniversal, Fox, that's, Naveen Sarma, we've, Disney, WBD, Max, David Zaslav, LightShed, Marty Conway, Conway Organizations: Big Tech, Distributors, Disney, Apple, Charter Communications, Sports, P Global Market Intelligence, Paramount, Warner Bros, ESPN, Media, US Media, Telecom, Hulu, NBA, Fox, 4Q, UBS, LightShed Partners, YouTube, Georgetown University, Major League Baseball, NFL, MLS, Tech, aren't
Lee was located about 1,130 miles east of the northern Leeward Islands, the center said. Imagine Lee headed into 1983 waters east of the Leeward Islands (27.5C)- 2023 Lee has 29.5C to work with- an astounding difference. The last Category 5 hurricane to roam the Atlantic basin was 2022’s Hurricane Ian. Lee will ramp up in intensity as the peak of the Atlantic hurricane season approaches. Sunday, September 10, is the climatological peak of Atlantic hurricane season, when the basin is at its busiest on average.
Persons: CNN — Lee, Lee, It’s, Jason Dunion, Hurricane Idalia, David Zierden, , ” Zierden, — Eric Blake 🌀, eason –, , ike, eason Organizations: CNN, National Hurricane Center, Eastern Seaboard, Leeward, NOAA’s Hurricane Field, Hurricane, ust, tate Locations: Caribbean, Leeward Islands, Windward, Gulf of Mexico, Leeward, ath
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailForecasts of a recession have been way off mark, says Jefferies David ZervosDavid Zervos, Jefferies Chief Market Strategist and Michael Contopoulos, Richard Bernstein Advisors Director of Fixed Income, join 'Closing Bell Overtime' to talk the day's market action and today's slate of earnings.
Persons: Jefferies David Zervos David Zervos, Michael Contopoulos, Richard Bernstein Organizations: Jefferies
The media industry is in a transitional moment — from streaming to traditional TV — and the focus needs to be on ending the writers and actors' strikes, Warner Bros. The comments came a day after Warner Bros. The work stoppage has halted production on Hollywood sets, impacting companies like Warner Bros. Warner Bros. Still, like its peers, Warner Bros.
Persons: David Zaslav, Zaslav, Goldman Sachs, Warner, Max, Organizations: Warner Bros, Discovery, Technology, Writers Guild of America, Hollywood, Warner, Warner Bros . Discovery, NBA, Max, CNBC, Major League Baseball, AMC Networks, CNN
The exterior of the Warner Bros. REUTERS/Alyssa Pointer/File photo Acquire Licensing RightsSept 5 (Reuters) - Warner Bros Discovery (WBD.O) is bracing for a hit to its full-year profit as the ongoing strike by Hollywood actors and writers shows no signs of let-up. The actors' strike has prompted movie studios to adjust film schedules in the absence of celebrities to hit red carpets or talk shows to help build buzz. Warner Bros Discovery had previously provided financial guidance for 2023 assuming the strikes would be resolved by early September. Warner Bros also said CEO David Zaslav would be participating in an investor conference on Sept. 6, and expects to discuss, among other topics, the impact of the ongoing strikes.
Persons: Alyssa Pointer, it's, Max Willens, Warner Bros, David Zaslav, Samrhitha, Jaspreet Singh, Krishna Chandra Organizations: Warner Bros . Discovery, Writers Guild of America, Alliance of Motion Pictures, Television Producers, REUTERS, Warner Bros Discovery, Hollywood, Warner Bros, Intelligence, AMC Entertainment, Warner, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, California, Bengaluru
Barbie’s a boss but not a business model
  + stars: | 2023-09-05 | by ( Lauren Silva Laughlin | ) www.reuters.com   time to read: +3 min
NEW YORK, Sept 5 (Reuters Breakingviews) - Warner Bros Discovery (WBD.O) boss David Zaslav is playing too much with Barbie. Mattel (MAT.O), the $8 billion company behind the brand, has increased its market value 20% since late May, growing three times as fast as the S&P 500 Index (.SPX). Lego partnered with Warner Bros in 2014 to produce a movie featuring its renowned plastic bricks. Unlike Disney and its superheroes, Warner Bros doesn’t own the blonde bombshell. Barbie may be this year’s boss, but she and her nostalgic ilk are unlikely to become business models.
Persons: David Zaslav, Barbie, Margot Robbie, Harry Potter, Polly, Cuties, Walt Disney’s, Bob Iger, Warner, oligopolistic, Davidson, Jeffrey Goldfarb, Sharon Lam Organizations: Reuters, Warner Bros Discovery, Mattel, Warner Bros, Marvel, Disney, McKinsey, Harley, Thomson
Warner Bros. Warner Bros. Warner Bros. Warner Bros. Discovery has been paying down the hefty debt load that stems from the 2022 merger of Warner Bros. and Discovery.
Persons: David Zaslav, Gunnar Wiedenfels, Goldman Sachs Organizations: Warner Bros, Discovery, Writers Guild of America, Technology
Particle pollution is a “key ingredient” of wildfire smoke, Barrett told CNN. “Sometimes we can see, smell, and even taste the impacts of wildfire smoke,” Barrett said. Mountain ranges can shield some regions from worse air pollution by keeping smoke aloft when it travels, Mass said. Pittsburgh - June 29, 2023An MLB game between the San Diego Padres and Pittsburgh Pirates is delayed as Canadian wildfire smoke descends on downtown Pittsburgh. San Francisco - Sept. 9, 2020Smoke from northern California wildfires casts a reddish glow in San Francisco, California.
Persons: , William Barrett, Barrett, ” Barrett, Clifford, Talat Odman, Mass, “ It’s, “ You’re, Lev Radin, Scott Olson, Kevork, Joe Robbins, San Diego Padres, Andrew McCutchen, Carr, George Rose, Ray Chavez, David Zalubowski Organizations: CNN, American Lung Association, University of Washington, Georgia Institute of Technology, Washington DC, ” CNN, Pacific Press, York City, MLB, San Diego Padres, Pittsburgh Pirates, San Diego, Pirates, MediaNews, Mercury, Environmental Protection Agency Denver, Denver International Airport, Denver Locations: Canada, United States, Northern Europe, New York City, York City, Chicago, Irvine, Santiago, Irvine , California, California, Santa, Pittsburgh, Pennsylvania, Sacramento, Sacramento , California, Shasta County , California, San Francisco, San Francisco , California, San Francisco Bay
Kenigsberg and the LLC building the house on the formerly vacant property said they're both victims of title fraud. Fraudulent sales like these are on the rise. "Any opportunity out there to buy a property at a good value or in a good area is going to get snapped up," Larson told Insider. "With a decrease in home sales, now they're looking for other ways to leverage real property into fraud," Rymarowicz told Insider. AdvertisementAdvertisement"We think we can uplevel RON (Remote Online Notarization) and do a higher level of online notarization," Kinsel told Insider.
Persons: Daniel Kenigsberg, they're, William Gordon, Kenigsberg, Gordon, , Eric Gibbs, Gibbs, Nick Larson, there's, Larson, Deanne Rymarowicz, Rymarowicz, it's, David Zawadzki, Pat Kinsel, that's, Kinsel Organizations: FBI, Service, Federal Bureau, Investigation's Boston, Realty ONE, LexisNexis, National Association of Realtors, Nevada Real Estate Division Locations: Wall, Silicon, Fairfield , Connecticut, Kenigsberg, Tucson , Arizona, Arizona, Nevada, Chicago
Pope Francis Holds Mass During Historic Visit to Mongolia
  + stars: | 2023-09-03 | by ( ) www.wsj.com   time to read: 1 min
Why It’s Never Been More Expensive to Buy a CarSupply-chain issues have largely been resolved and inflation is cooling, but car ownership has never been more expensive. WSJ’s Dion Rabouin walks through the data showing why now may be the worst time to buy a car. Photo: David Zalubowski/Associated Press
Persons: Dion Rabouin, David Zalubowski Organizations: Associated
Barry Diller is calling on the legacy Hollywood studios to end the dual writers and actors strikes, otherwise it'll be "catastrophic" to the industry. The media mogul, speaking on the podcast "On with Kara Swisher," said the strikes would only strengthen streaming giant Netflix during a tumultuous time for legacy media. He also advised studios to cut Netflix and other streamers out of the negoations with the unions. He said the legacy studios, actors and writers should be "natural allies" given their century of working together. Diller said legacy media should take some of its "shows and creativity and build our networks back up.
Persons: Barry Diller, Kara Swisher, Diller, Netflix didn't, Bob Iger, Donna Langley, Ted Sarandos, David Zaslav, Comcast's NBCUniversal, Swisher Organizations: Hollywood, Netflix, IAC, Expedia, Fox, Paramount, ABC Entertainment, Apple, CBS, Guild of America, Alliance, Television Producers, WGA, SAG, Disney, Warner Bros, Discovery, Paramount Global, Comcast, CNBC
Warner Bros Discovery taps media veteran Thompson as CEO of CNN
  + stars: | 2023-08-30 | by ( ) www.reuters.com   time to read: +2 min
The exterior of the Warner Bros. With Thompson, 66, Warner Bros Discovery is turning to an executive with ample experience at the top level, unlike Licht - a former TV producer who had worked on "The Late Show With Stephen Colbert." "Mark is a true innovator who has transformed for the digital age two of the world's most respected news organizations," Warner Bros Discovery CEO David Zaslav said in a statement. A big focus area for Thompson is likely to be the recently announced round-the-clock news service called CNN Max, which will be available on Warner Bros Discovery's streaming platform. Those estimates are for the CNN networks that operate in the United States, including CNN en Español and CNN International.
Persons: Alyssa Pointer, Mark Thompson, Thompson, Chris Licht, Donald Trump, Stephen Colbert, David Zaslav, CNN Max, Aditya Soni, Shinjini Organizations: Warner Bros . Discovery, REUTERS, Warner Bros Discovery, CNN, New York Times, BBC, Republican U.S, Times, Warner Bros, P Global Market Intelligence, Español, CNN International, Fox News, MSNBC, Nielsen, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, United States
WBD named Mark Thompson as CNN's new CEO in a shift by David Zaslav to an experienced news leader. Thompson is widely credited with turning the Times into a digital powerhouse, transforming a news organization that was teetering financially. Under Thompson, there also were flops along the way to success for the Times, like the failed NYT Now mobile app. Thompson is expected to be involved in editorialObservers and insiders expressed optimism about the Thompson news. They also will be watching to see how he will carry out WBD CEO David Zaslav's commitment to providing a wider range of political viewpoints, including conservative ones.
Persons: WBD, Mark Thompson, David Zaslav, Thompson, Chris Licht, Ken Doctor, Meredith Kopit Levien, who'd, Times —, Levien, Nate Silver, Jill Abramson, Abramson, wouldn't, Mark, Donald Trump, David Zaslav's, He'll, Jeff Zucker, I've, Zaslav, Licht, he'd, Semafor, James Harding, Andrew Ross Sorkin, he's, Jonathan Miller, Miller, Amy Entelis, David Leavy, Virginia Moseley, Eric Sherling, who's, Leavy Organizations: CNN, New York Times, Warner Bros, Discovery, Max, longtime Times, Times, ESPN, ABC, Observers, BBC, Company, Integrated Media Co, Editorial Locations: British
With Thompson, Warner Bros Discovery is turning to an executive with ample experience at the top level, unlike Licht - a former TV producer who had worked on "The Late Show With Stephen Colbert" and MSNBC's "Morning Joe". During his 8-year tenure as the CEO of the Times, Thompson helped transform the Gray Lady into a beacon for newspapers in the internet age by focusing on digital subscriptions. "Mark is a true innovator who has transformed for the digital age two of the world's most respected news organizations," Warner Bros Discovery CEO David Zaslav said. CNN Max is looking to capitalize on the immediacy of breaking news and analysis, differentiating it from CNN+, which featured lifestyle programs. Those estimates are for the CNN networks that operate in the United States, including CNN en Español and CNN International.
Persons: Mark Thompson, Neil Hall, Thompson, Chris Licht, Donald Trump, Stephen Colbert, David Zaslav, Joe Biden, Ron Desantis, CNN Max, Paolo Pescatore, Licht, Jeff Zucker, Aditya Soni, Chavi Mehta, Shinjini Organizations: BBC, REUTERS, Warner Bros Discovery, CNN, New York Times, Republican U.S, Times, Trump, Democratic, Warner Bros, Atlantic, P Global Market Intelligence, Español, CNN International, Fox News, MSNBC, Nielsen, Thomson Locations: London, Florida, Trump, United States, Bengaluru
I am confident he is exactly the leader we need to take the helm of CNN at this pivotal time,” David Zaslav, the chief executive of CNN parent company Warner Bros. At the Times, Thompson successfully transformed the newspaper into a digital powerhouse. CNN+, which launched last year as the network’s ownership changed hands from AT&T to Warner Bros. The standalone streamer also didn’t fit into Warner Bros. Discovery’s larger plans to house all content inside a single super-streamer. The streaming service will be located inside the Max app, alongside content from HBO, Discovery, and Warner Bros. Pictures.
Persons: Mark Thompson, “ Mark, ” David Zaslav, Thompson, Donald Trump, Trump, Jeff Zucker, Chris Cuomo, Don Lemon, Chris Licht, nosediving, Licht, Zaslav, Amy Entelis, Virginia Moseley, Eric Sherling, David Leavy, , CNN Max, Jake Tapper ” Organizations: CNN, The New York Times, BBC, Warner Bros, Discovery, Times, MSNBC, Atlantic, CNN Digital, The Times, CNN.com, U.S, Warner Bros . Discovery, HBO, Warner Bros .
Discovery chief executive could have waited to appoint a singular leader of CNN after firing his former hand-picked network boss Chris Licht. By appointing a new chief executive and chairman, he’s taking an inherent risk as the 2024 presidential cycle heats up. Under former network boss Jeff Zucker, staffers never questioned what CNN’s mission statement was. It will be illuminating to hear more from Thompson on this matter, given he will also be responsible for CNN’s editorial. During his decades in media, Thompson earned a reputation for being a confident executive with thick skin who masterfully executes a vision, all while maintaining the support of the troops.
Persons: CNN —, Mark Thompson, Thompson, we’ve, ” Thompson, , , Bob Iger, ” ► It’s, David Zaslav, Chris Licht, , Amy Entelis, Virginia Moseley, Eric Sherling, David Leavy —, Zaslav, he’s, Jeff Zucker, Donald Trump, ► Licht, Licht, Zucker, Chris Cuomo, Don Lemon, nosediving, Licht’s, ” ►, Trump, They’ve Organizations: CNN, CNN — It’s, The New York Times, BBC, Times, Warner Bros . Discovery, MSNBC Locations: Hudson Yards
Mark Thompson is stepping in as the next CEO and chairman of CNN. Discovery CEO David Zaslav told staff in a note Wednesday. Before closing the deal, Zaslav had appointed Licht as CNN's CEO, who was previously the chief executive behind the "CBS This Morning" news program and "Morning Joe" on MSNBC. While network executives Amy Entelis, Virginia Moseley, Eric Sherling and David Leavy led CNN since Licht left CNN, Warner Bros. Shortly, we will announce that highly respected news executive Mark Thompson will be joining our leadership team as Chairman and CEO, effective October 9, reporting directly to me.
Persons: Mark Thompson, Thompson, Chris Licht, Thompson's, David Zaslav, Jeff Zucker, , Andrew Cuomo, Zucker's, Chris Cuomo, Zucker, Zaslav, Licht, Joe, network's, Donald Trump, Kaitlan Collins, Amy Entelis, Virginia Moseley, Eric Sherling, David Leavy, Read, Mark, Amy, Eric, I've, David Read, you've, David Zaslav's, Wagner, you'll Organizations: CNN, Parent, Warner Bros, Discovery, The New York Times, BBC, Warner Bros . Discovery, Max, New York Gov, MSNBC, CNN Worldwide, Times, Tiananmen Locations: U.S, David, Virginia, London, Washington, DC
Mark Thompson, a former chief executive of The New York Times and leader of the BBC, is expected to be named the next top executive of CNN, according to three people with knowledge of the decision. Some senior executives at Warner Bros. Discovery, CNN’s parent company, have already been informed of the decision to hire Mr. Thompson, said the people, who spoke on the condition of anonymity because some executives at CNN hadn’t yet been informed of the decision. Mr. Thompson and a spokesman for Warner Bros. Ratings have plummeted, profits have slumped, and the network is still reeling from Chris Licht’s tenure as chief executive, which was terminated in June amid sagging staff morale.
Persons: Mark Thompson, Thompson, Chris Licht’s, Licht’s, Amy Entelis, Virginia Moseley, Eric Sherling —, David Leavy, David Zaslav Organizations: The New York Times, CNN, Warner Bros, Discovery, Warner Bros .
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed's moves about what's priced into next year and when that happens, says Jefferies' ZervosDavid Zervos, chief market strategist at Jefferies, joins 'Squawk on the Street'' to discuss Zervos' thoughts on the Federal Reserve's recent comments, what's driving long-term bond yields higher, and more.
Persons: Jefferies, David Zervos Organizations: Jefferies, Federal
Two British media figures have been linked with the top job at CNN, Semafor reported. Mark Thompson, the former New York Times Company CEO, is the "leading candidate," per the outlet. Not one, but two, British media figures have been linked with the role, Semafor first reported. Before an eight-year stint as The New York Times boss, he was director-general of the BBC. The decision to launch CNN Max comes about year after the company axed CNN+.
Persons: Semafor, Mark Thompson, James Harding, Chris Licht, Licht, Donald Trump, He'd, Jeff Zucker, Thompson, he'd, Semafor's Ben Smith, David Zaslav, Oli Scarff, Harding, WBD, CNN Max Organizations: CNN, New York Times Company, BBC News, Morning, The, Street Journal, New York Times, BBC, Financial Times, Washington DC, Max Locations: British, London, AFP, Asia, Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed Chair Powell won't declare victory on inflation anytime soon, says Jefferies' David ZervosMeghan Shue, Wilmington Trust head of investment strategy, David Zervos, Jefferies chief market strategist and CNBC's Steve Liesman join 'Closing Bell Overtime' with the latest reaction to the Fed comments out of Jackson Hole today, the market's response and more.
Persons: Powell, Jefferies, David Zervos Meghan Shue, David Zervos, Steve Liesman, Jackson Organizations: Wilmington Trust, Jefferies Locations: Wilmington
Watch CNBC's full interview with Meghan Shue and David Zervos
  + stars: | 2023-08-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Meghan Shue and David ZervosMeghan Shue, Wilmington Trust head of investment strategy, David Zervos, Jefferies chief market strategist and CNBC's Steve Liesman join 'Closing Bell Overtime' with the latest reaction to the Fed comments out of Jackson Hole today, the market's response and more.
Persons: Meghan Shue, David Zervos Meghan Shue, David Zervos, Steve Liesman, Jackson Organizations: Wilmington Trust, Jefferies Locations: Wilmington
New York CNN —CNN is heading to the Max streaming platform. Under previous leadership, CNN launched the standalone streaming service CNN+, which former executives touted as one of the most important moves in the network’s four-decade history. Warner Bros. CNN Max represents a path forward into the future, while also being more aligned with Warner Bros. Discovery’s vision. Discovery said that CNN Max will be available across all its various subscription packages, including its advertiser-supported plans.
Persons: CNN Max, Jake Tapper, , “ Anderson Cooper, Jim Acosta, Rahel Solomon, Amara Walker, Fredricka Whitfield ”, Jim Sciutto, “ Stanley Tucci, Italy ”, “ Anthony Bourdain, Anderson Cooper ”, Chris Wallace, , Amy Entelis, David Leavy, Virginia Moseley, Eric Sherling —, Audie Cornish, David Zaslav, Max, Zaslav, ” JB Perrette, Warner Organizations: New, New York CNN, CNN, Max, Warner Bros ., Warner Bros . Discovery, “ CNN, Nielsen, Warner Bros, HBO, Discovery, CNN International, Netflix, Turner Sports Locations: New York, United States, Italy
Warner Bros. Discovery announced Thursday that CNN Max will be added to its Max streaming service on Sept. 27, and will serve as a 24/7 live news hub. Discovery relaunched its flagship streaming service HBO Max as Max, combining content from Warner Bros. and Discovery+ under one roof. As for including sports on Max, Warner Bros. Discovery is targeting the start of MLB playoffs this fall to introduce sports on the streaming app, CNBC previously reported.
Persons: CNN Max, Jim Acosta, Rahel Solomon, Amara Walker, Fredricka Whitfield, Jim Sciutto —, Anderson Cooper, Jake Tapper, HBO Max, Max, Jeff Zucker, Chris Licht, Semafor, Mark Thompson, David Zaslav, we'll, We've, Zaslav, Warner, It's, Jim Sciutto Organizations: Cable News Network, CNN, Warner Bros . Discovery, Max, HBO, Warner Bros, Discovery, BBC, New York Times, MLB, CNBC Locations: Atlanta , Georgia
It is unclear how far along the talks are with Mr. Thompson and the other candidates. Mr. Thompson declined to comment. Semafor earlier reported CNN’s interest in Mr. Thompson. Since Mr. Licht’s departure, CNN has been run by four people, three of whom — Amy Entelis, Virginia Moseley and Eric Sherling — are CNN veterans. The fourth, the CNN chief operating officer David Leavy, has been a longtime lieutenant to Mr. Zaslav, and was appointed shortly before Mr. Licht’s dismissal.
Persons: Mark Thompson, Thompson, David Zaslav, Chris Licht, Semafor, Licht’s, Amy Entelis, Virginia Moseley, Eric Sherling —, David Leavy, Zaslav Organizations: The New York Times, CNN, Warner Bros, Mr, Discovery
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