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They're working with ESPN President Jimmy Pitaro on the strategic options for ESPN and, to a lesser degree, Disney's other linear cable networks. In years past, ESPN could still generate revenue growth by increasing programming fees for pay TV distributors, such as Comcast , Charter and DirecTV. As ESPN revenue declines, it will become a larger anchor on Disney's earnings. Disney offers many of its lower-rated live games on its ESPN+ streaming service, which costs $9.99 per month. When ESPN does decide to offer an unbundled subscription service, it will likely cause even more people to cancel pay TV.
Persons: Bob Iger, Kevin Mayer, Tom Staggs, Staggs, Jimmy Pitaro, Iger, CNBC's David Faber Organizations: Disney, ESPN, Mayer, Candle Media, Comcast, Charter, DirecTV
[1/2] A Fox News channel sign is seen on a television vehicle outside the News Corporation building in New York City, in New York, U.S. November 8, 2017. The deal follows Fox's April 18 agreement to pay Dominion $787.5 million to settle the voting-technology company's defamation suit in Delaware. In firing her, Fox said her legal claims were "riddled with false allegations against Fox and our employees." She had also sought unspecified damages in a similar lawsuit in Delaware Superior Court, which she dismissed in May. The program on which Grossberg worked, "Tucker Carlson Tonight," was the top-rated prime-time U.S. cable TV news show.
Persons: Shannon Stapleton, Abby Grossberg, Tanvir Rahman, Tucker Carlson, Dominion, Grossberg, Carlson, , ” Grossberg, Fox, ” Dominion, Gretchen Whitmer, Tudor Dixon, octogenarian, Nancy Pelosi, Maria Bartiromo, Kevin McCarthy, Helen Coster, Doina Chiacu, Leslie Adler Organizations: Fox, News Corporation, REUTERS, Fox Corp, Fox News, Voting, Dominion, Delaware Superior Court, Democratic, Republican, U.S ., Thomson Locations: New York City, New York, U.S, Delaware, Manhattan, Delaware Superior, Grossberg's Manhattan
June 26 (Reuters) - Fox News said on Monday that network veteran Jesse Watters would be the host of a key prime-time slot left vacant by the exit of top-rated host Tucker Carlson. Watters will move to the 8 p.m. slot, starting July 17, with his opinion program "Jesse Watters Primetime", which was launched last year as a 7 p.m. show, Fox News said. Carlson's talk show, "Tucker Carlson Tonight," was the highest-rated cable news program among the same demographic on the most-watched U.S. cable news network. In the weeks following Carlson's departure, Fox had filled the 8 p.m. slot with "Fox News Tonight," which was hosted by a rotating crew of Fox News personalities. Reporting by Akriti Sharma and Akash Sriram in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
Persons: Jesse Watters, Tucker Carlson, Carlson, Watters, Fox, Donald Trump, Mark Cuban, Laura Ingraham, Greg Gutfeld, Sean Hannity, Akriti Sharma, Akash Sriram, Anil D'Silva Organizations: Fox News, Fox Corp, Dominion Voting Systems, Thomson Locations: Bengaluru
In the end, Mr. Licht’s attempt appeared to satisfy no one. In fact, Mr. Licht’s short tenure does not provide an easy answer. But it did illuminate just how hard it can be to find success where Mr. Licht was sent looking. And, several current and former CNN staff members said, that clear notion was precisely what was lacking under Mr. Licht and his boss, Mr. Zaslav, whose direction he was following. The definition was shaped more by what they did not want — all that had come before them under Mr. Licht’s predecessor, Jeff Zucker — than what they did want.
Persons: Licht’s, Licht, ” —, Zaslav, Donald J, Trump, . Licht, Jeff Zucker — Organizations: Cable, Republican, CNN
Shevrin Jones, a Florida state senator and member of the Biden campaign’s advisory board of elected officials, said he’s eager to tell the country the story of what he’s seen under DeSantis’ leadership. Biden and DeSantis and their wives walk to meet with local residents affected by Hurricane Ian in Fort Myers, Florida, on October 5, 2022. The voter registration advantage Florida Democrats had when President Barack Obama narrowly won the state in 2012 has flipped to Republicans. An adviser to the former New York City mayor told CNN that so far, there has been no outreach to Bloomberg’s operation from either the Biden campaign or the DNC. There was also a fleeting belief that they could push Biden over the top in Florida – though Trump ended up carrying the state by 3 points.
May 9 (Reuters) - Former Fox News host Tucker Carlson, who was taken off the air by the network last month, said on Tuesday he would relaunch his show on Twitter "soon." Carlson said in a video message posted to Twitter that he would "bring some other things too which we will tell you about" later. Fox News Media and its top-rated host agreed to part ways last month, shortly after parent company Fox Corp (FOXA.O) settled for $787.5 million a defamation lawsuit in which Carlson played a starring role. The outspoken Carlson embraced conservative issues and delivered his views with a style that made his prime-time show, "Tucker Carlson Tonight," the highest-rated cable news program in the key 25-to-54 age demographic on the most-watched U.S. cable news network. Reporting by Eric Beech and Dan Whitcomb; Editing by Tim AhmannOur Standards: The Thomson Reuters Trust Principles.
Carlson in the videotaped statement did not directly address his departure from Fox, where he hosted the highest-rated cable news program in the key age demographic on the most-watched U.S. cable news network. Instead, he took aim at American media and the U.S. political system. "Both political parties and their donors have reached consensus on what benefits them and they actively collude to shut down any conversation about it," Carlson said. Carlson and Fox parted ways less than a week after parent company Fox Corp (FOXA.O) settled for $787.5 million a defamation lawsuit in which Carlson played a starring role. Fox fired Grossberg, saying her legal claims were "riddled with false allegations against Fox and our employees."
April 25 (Reuters) - Star host Tucker Carlson's abrupt exit from Fox News is likely to hit short-term ratings but could nudge more mainstream advertisers to consider a network they have snubbed for being too partisan, investors and analysts said. News of his departure on Monday wiped nearly $1 billion from the market valuation of the network's parent company, Rupert Murdoch-controlled Fox Corp (FOXA.O). "It's a huge deal," said Matthew Tuttle, head of Tuttle Capital Management, an investment firm that is betting against Fox shares. The conservative-leaning Carlson's prime-time show was the highest-rated cable news program in the key 25-to-54 age demographic on Fox News - the most-watched U.S. cable news network. It's likely that advertisers who were seeking that audience may have limited other options for conservative news viewership without skewing too conservative."
April 24 (Reuters) - Fox News Media and its top-rated host Tucker Carlson have agreed to part ways, less than a week after parent company Fox Corp (FOXA.O) settled for $787.5 million a defamation lawsuit in which Carlson played a starring role. A third person said the senior executive producer of "Tucker Carlson Tonight", Justin Wells, was also let go from Fox News on Monday. After the announcement of Carlson's departure from Fox News, a spokesperson for former President Donald Trump tweeted: "Fox News is controlled opposition." "I stand with Tucker Carlson!" Carlson joined Fox News as a contributor in 2009 and became a co-host of "Fox & Friends Weekend" in 2012.
Hosts Tucker Carlson and Sean Hannity, who had been expected to testify in the Dominion trial, did not reference the settlement, the largest struck by an American media company, during their primetime broadcasts on Tuesday night. Fox News is owned by Fox Corp (FOXA.O) and is the most-watched U.S. cable news network. Howard Kurtz, the host of Fox News' MediaBuzz show, appeared on Cavuto's show and during "Special Report with Bret Baier." On "Special Report" Kurtz read the Fox statement, but did not include the dollar figure of the settlement. In response to a Reuters request for comment about Fox's coverage of the settlement, a spokesperson shared the company's statement about the Dominion settlement that aired on Cavuto and Baier's shows.
"Fox has admitted to telling lies about Dominion that caused enormous damage to my company, our employees and our customers," Poulos said in a statement. Fox anchor Neil Cavuto broke into his news show "Your World" about 4:30 p.m. Eastern Time to report the settlement. In February court filings, Dominion cited a trove of internal communications in which Murdoch and other Fox figures privately acknowledged that the vote-rigging claims made about Dominion on-air were false. Dominion said Fox amplified the untrue claims to boost its ratings and prevent its viewers from migrating to other media competitors on the right. ANOTHER LAWSUIT PENDINGAdding to the legal risks for Fox, another U.S. voting technology company, Smartmatic, is pursuing its own defamation lawsuit seeking $2.7 billion in damages in a New York state court.
"Fox has admitted to telling lies about Dominion that caused enormous damage to my company, our employees and our customers," Poulos said in a statement. Shares of Fox Corp closed up slightly at $34 per share, but were down 1% in after-hours trading after the settlement amount was disclosed. Fox Corp CEO Lachlan Murdoch told Wall Street analysts in February that the company had about $4 billion cash on hand. [1/5] Dominion CEO John Poulos and lawyers speak to the media after Dominion Voting Systems and Fox settled a defamation lawsuit for $787.5 million, avoiding trial, over Fox's coverage of debunked election-rigging claims, in Delaware Superior Court, in Wilmington, Delaware, U.S. April 18, 2023. Fox Corp reported nearly $14 billion in annual revenue last year.
Fox has argued that Dominion cherry-picked evidence to mischaracterize the network's coverage decisions, which it said were reasonable because election-rigging claims by the president's lawyers were inherently newsworthy. Fox has said it also gave Dominion's side of the story by airing its denials. The Fox Corp chairman is set to take the witness stand, along with other executives including Fox News CEO Suzanne Scott. The trial is also due to include testimony from a parade of conservative-leaning Fox hosts including Tucker Carlson, Sean Hannity and Jeanine Pirro. Fox has attacked the credibility of Dominion's damages estimate, saying it is based upon unrealistic growth projections and faulty assumptions.
Three of China’s state-owned carriers – China Telecommunications Corporation (China Telecom), China Mobile Limited and China United Network Communications Group Co Ltd (China Unicom) – had committed funding as members of the consortium, which also included U.S.-based Microsoft Corp and French telecom firm Orange SA, according to six people involved in the deal. China Telecom, China Mobile, China Unicom and Orange did not respond to requests for comment. China Telecom, China Mobile and China Unicom were resolutely behind HMN Tech, which had come in with a bid of around $500 million. China Telecom and China Mobile threatened to walk off the project, taking tens of millions of dollars of investment with them. Among them is China Telecom, which had previously won authorization to provide services in the United States.
Discovery own the NBA rights until the end of the 2024-2025 season — more than two more years from now. Warner Bros. Warner Bros. NBC aired its last NBA games during the 2002 finals, when the Los Angeles Lakers swept the New Jersey Nets. Regular season NBA games across ABC, ESPN and TNT are averaging 1.6 million viewers this season.
Netflix said it's open to adding a free, ad-supported streaming service. A FAST offering could help Netflix scale its nascent ads business, which has been slow to take off. Could Netflix launch a free, ad-supported service? A FAST channel — free, ad-supported television — is a linear stream, a model media companies are increasingly using to complement traditional TV and paid streaming services. For Netflix, a FAST could be a quick way to scale its ads business.
One of the really interesting questions here – this will be fascinating – the core of linear TV is sports rights. When you look at the size and scope of the linear TV business, it's huge. Patrick T. Fallon | Afp | Getty ImagesByron Allen, Entertainment Studios founder and CEO: I think linear TV will exist for a very, very long time. Simmons: I believe Apple, out of nowhere, will start making their own awesome televisions that have Apple TV embedded in them. We are witnessing early stages of this dynamic with deals like "NFL Sunday Ticket" on YouTube and the MLS deal with Apple TV.
Pervez Musharraf, Pakistan martial ruler in 9/11 wars, dies
  + stars: | 2023-02-05 | by ( ) www.cnbc.com   time to read: +12 min
Pakistan's former military ruler Pervez Musharraf has died in Dubai aged 79 after a long illness, the army said on February 5, 2023. By Sept. 12, then-U.S. Secretary of State Colin Powell told Musharraf that Pakistan would either be "with us or against us." They regrouped and the offshoot Pakistani Taliban emerged, beginning a yearslong insurgency in the mountainous border region between Afghanistan and Pakistan. Though Pakistan under Musharraf launched these operations, the militants still thrived as billions of American dollars flowed into the nation. Born Aug. 11, 1943, in New Delhi, India, Musharraf was the middle son of a diplomat.
Netflix said it's open to adding a free, ad-supported streaming service. A FAST offering could help Netflix scale its nascent ads business, which has been slow to take off. Could Netflix launch a free, ad-supported service? A FAST channel — free, ad-supported television — is a linear stream, a model media companies are increasingly using to complement traditional TV and paid streaming services. For Netflix, a FAST could be a quick way to scale its ads business.
[1/4] Portraits of Nobel Peace Prize laureates, including of Henry Kissinger, are seen in the meeting room where the Norwegian Nobel Committee holds its meetings at the Norwegian Nobel Institute in Oslo, Norway, January 3, 2023. Nominations to the Peace Prize remain secret for 50 years. Le Duc Tho refused the Peace Prize on the grounds peace had not yet been established. Two out of the five members of the Norwegian Nobel Committee - all now dead - resigned in protest. "The prize was given to Kissinger for having gotten the U.S. out of Vietnam ... without any peaceful solution in South Vietnam," he said.
Comcast Corp. named a company insider as its next finance chief as the cable and media sector grapples with cord-cutting customers and deterioration in the ad market. Jason Armstrong was appointed chief financial officer, Philadelphia-based Comcast said Friday, after serving for the past nine years in various financial leadership positions. Mr. Armstrong most recently served as deputy CFO and treasurer, responsible for capital formation, capital allocation, credit-related matters and investment management activities. Jason Armstrong, chief financial officer of Comcast. Photo: Comcast CorpSince joining Comcast in 2014, Mr. Armstrong has also had the roles of CFO of Sky, Comcast’s pay-TV giant, and head of investor relations and finance.
Traders work on the floor of the New York Stock Exchange during morning trading on January 04, 2023 in New York City. Chewing things overU.S. stock markets bounced back a little Wednesday, with the S&P 500 rising 0.75%, the Nasdaq increasing 0.69% and the Dow jumping 133 points. December's jobs report is coming Friday morning, as well, so market watchers still have another big data point to chew over this week. Amazon plans bigger job cutsAmazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. David Ryder | Bloomberg | Getty ImagesAmazon plans to lay off more than 18,000 employees, far more than initially expected.
Sky spinoff is Comcast’s least-bad option
  + stars: | 2023-01-03 | by ( Jennifer Saba | ) www.reuters.com   time to read: +3 min
The boss of U.S. media giant Comcast (CMCSA.O) may want to make an exception for Sky. Including acquired debt, Roberts paid a multiple of 15 times Sky’s EBITDA to clinch the deal, two and a half times the company’s enterprise value before the takeover battle began. The financial consequences of Roberts’ determination became apparent in October when Comcast took a non-cash impairment charge of $8.6 billion related to Sky. Goldman Sachs analysts expect Sky to generate adjusted EBITDA of $2.1 billion in 2023, nearly one-third less than in 2019. Comcast said on Oct. 27 that it took a non-cash impairment charge of $8.6 billion related to Sky assets for the third quarter of 2022.
The biggest cable company in the industry at that time had about a million customers. And the second question is, very much related to that, for years now, the bull investor thesis has been broadband growth. So does that mean that broadband growth is no longer the big growth story it once was? No, I think there's plenty of broadband growth to get for us and there's continued broadband adoption to get for the whole industry. And I think there's some value in scale which can translate into consumer value as well.
I lost touch with the day-to-day of my family's finances after having two kids. I have more agency now, and my husband and I are having great weekly conversations about our money. Sure, I was well-versed in our investment strategy, long-term financial goals, and credit usage, but that's about it. We both check balances daily, make sure bills are paid, and ensure we're on track with our monthly investment contributions. We started having weekly money meetings, making sure we were on track with our financial obligations and spending.
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