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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
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 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
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
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 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
With both writers and actors on strike, Hollywood hasn't faced this situation in more than 60 years. SAG-AFTRA union members on Friday hit the picket lines alongside Hollywood writers, who've been striking for nearly three months. Any other use requires the background actor's consent and bargaining for the use, subject to a minimum payment," the spokesperson said in a statement. Union members were quick to decry his remarks as incendiary and out of touch. The 25-year-old has been there since May, when the writers' strike all but paralyzed production in Los Angeles and New York this spring.
Persons: Hollywood hasn't, Laci Mosley, Mosley, Mosley —, Lopez, , Conan O'Brien's, Coco —, Fran Drescher, Drescher, We've, who've, CHRIS DELMAS, We're, they're, Rather, AFTRA, Duncan Crabtree, Sam Russell, Russell, Oppenheimer, Christopher Nolan, Matt Damon, Emily Blunt, Rami Malek, we've, AFTRA who's, Bobby Quillard, Bob Iger, Iger, Bob — they're, Iger's, Jonathan Handel, Puck, you've, Carson Rowland —, it's, Rowland, Carson Rowland, Maria, Rodin, WireImage Rowland, he's, Reed Alexander Organizations: SAG, Hollywood, Paramount, Sirius XM, Writers Guild of America, Alliance, Television Producers, WGA, Getty, Disney, CNBC, Union, Atlas Financial Advisors, Television Locations: Los Angeles, Los Angeles and New York, Sun Valley , Idaho, South Florida, Boca Raton, LA
A Hollywood assistant role has long been a launching point for a career in entertainment. But "there is no blueprint" for how to get such a job, said Cathy Campo, a creative assistant at Netflix. Campo launched The Hollywood Assistant, a monthly newsletter aimed at industry hopefuls, to change that. In February, Campo launched The Hollywood Assistant, a free newsletter that recently released its sixth edition. It's difficult to make ends meet on those salaries in the costly cities where the entertainment industry is most heavily concentrated: Los Angeles and New York.
Persons: Cathy Campo, Campo, she's, , Matthew Belloni, Nick Lachey, She's, Emma Weiss, Jonathan Groff, Alyssa Tumale, Drew Barrymore, Brown, Jimmy Fallon, Michelle Greene, Don Rutledge, Natalie Lifson, Buchwald, Allison Leffingwell, Rutledge, Puck, Reed Alexander Organizations: Netflix, Hollywood, Brown University grad, NBCUniversal, CBS, Disney Entertainment, CAA, Chautauqua Ordway, Campo, Universal, Showtime, Media, Universal Filmed Entertainment Locations: Stillwater, Hollywood, Los Angeles and New York
With both writers and actors on strike, Hollywood hasn't faced this situation in more than 60 years. SAG-AFTRA union members on Friday hit the picket lines alongside Hollywood writers, who've been striking for nearly three months. Any other use requires the background actor's consent and bargaining for the use, subject to a minimum payment," the spokesperson said in a statement. Union members were quick to decry his remarks as incendiary and out of touch. The 25-year-old has been there since May, when the writers' strike all but paralyzed production in Los Angeles and New York this spring.
Persons: Hollywood hasn't, Laci Mosley, Mosley, Mosley —, Lopez, , Conan O'Brien's, Coco —, Fran Drescher, Drescher, We've, who've, CHRIS DELMAS, We're, they're, Rather, AFTRA, Duncan Crabtree, Sam Russell, Russell, Oppenheimer, Christopher Nolan, Matt Damon, Emily Blunt, Rami Malek, we've, AFTRA who's, Bobby Quillard, Bob Iger, Iger, Bob — they're, Iger's, Jonathan Handel, Puck, you've, Carson Rowland —, it's, Rowland, Carson Rowland, Maria, Rodin, WireImage Rowland, he's, Reed Alexander Organizations: SAG, Hollywood, Paramount, Sirius XM, Writers Guild of America, Alliance, Television Producers, WGA, Getty, AMPTP, Disney, CNBC, Union, Netflix, Atlas Financial Advisors Locations: Los Angeles, Los Angeles and New York, Sun Valley , Idaho, South Florida, Boca Raton, LA
Hollywood writers are entering their third month on strike. Film and TV writers say they're among those who have fared the worst as their industry has been remade, even as others reap the rewards. These Hollywood storytellers share something in common with workers in every industry: Everyone is afraid that the robots are coming for their jobs, Terminator-style. Now, they're some of the dominant forces controlling new content development in the entertainment industry. Recently, I reported on how the Hollywood writers' strike is dispiriting industry hopefuls at the outset of their careers — you can read it here.
Persons: Everything's, Fran Drescher, Adam Conover, Ted Sarandos, Bob Iger, Goldman Sachs, You've, We've, Jonathan Handel, Puck, they'll, Zayd Dohrn, , Dohrn, Reed Alexander Organizations: Morning, NBC, Nickelodeon, Disney, Hollywood, Netflix, Wall, ., Writers Guild of America, Alliance, Television Producers, SAG, Apple, Big Tech, WGA, Northwestern University Locations: Hollywood, West Hollywood, Los Angeles and New York, Chicago
A Hollywood assistant role has long been a launching point for a career in entertainment. But "there is no blueprint" for how to get such a job, said Cathy Campo, a creative assistant at Netflix. Campo launched The Hollywood Assistant, a monthly newsletter aimed at industry hopefuls, to change that. In February, Campo launched The Hollywood Assistant, a free newsletter that recently released its sixth edition. It's difficult to make ends meet on those salaries in the costly cities where the entertainment industry is most heavily concentrated: Los Angeles and New York.
Persons: Cathy Campo, Campo, she's, , Matthew Belloni, Nick Lachey, She's, Emma Weiss, Jonathan Groff, Alyssa Tumale, Drew Barrymore, Brown, Jimmy Fallon, Michelle Greene, Don Rutledge, Natalie Lifson, Buchwald, Allison Leffingwell, Rutledge, Puck, Reed Alexander Organizations: Netflix, Hollywood, Brown University grad, NBCUniversal, CBS, Disney Entertainment, CAA, Chautauqua Ordway, Campo, Universal, Showtime, Media, Universal Filmed Entertainment Locations: Stillwater, Hollywood, Los Angeles and New York
Hollywood writers are entering their third month on strike. Film and TV writers say they're among those who have fared the worst as their industry has been remade, even as others reap the rewards. Either way, the bottom line is this: Everyone in Hollywood is afraid that the robots are coming for their jobs, Terminator-style. Now, they're some of the dominant forces controlling new content development in the entertainment industry. Recently, I reported on how the Hollywood writers' strike is dispiriting industry hopefuls at the outset of their careers — you can read it here.
Persons: Everything's, Adam Conover, Ted Sarandos, Bob Iger, Goldman Sachs, You've, We've, Jonathan Handel, Puck, they'll, Zayd Dohrn, , Dohrn, Reed Alexander Organizations: Morning, NBC, Nickelodeon, Disney, Hollywood, Netflix, Wall, ., Writers Guild of America, Alliance, Television Producers, WGA, Apple, Big Tech, Northwestern University Locations: Hollywood, West Hollywood, Los Angeles and New York, Chicago
Hollywood development and production have mostly ground to a halt amid the film and TV writers' strike. Young workers hoping to break into entertainment say the strike has made a competitive job market even tougher. Sears, who is currently unemployed, graduated this year with a master's degree in entertainment industry management from Carnegie Mellon University. Now, she's attempting what feels like a herculean feat: getting her career off the ground in the midst of a months-long Hollywood writers' strike, the first labor stoppage to grind the industry to a halt in 15 years. Contact this reporter to share your experience during the writers' strike.
Persons: Young, Delaney Sears, — there's, Sears, they've, , Joanna Sucherman, Sucherman, Trevor Romero, Romero, Dan Green, grads, Green, Nabha, She's, Purohit, they'd, execs, he's, haven't, Kody Proctor, Proctor, he'd, We've, Reed Alexander Organizations: Hollywood, Carnegie Mellon University, Writers Guild of America, SAG, WGA, Disney, Warner Bros, JLS Media, Fox, United Talent Agency, Young Entertainment, Carnegie Mellon's Heinz College of Information Systems, Public, Savannah College of Art, Alliance, Television Producers, Paramount Pictures, Melrose, Paramount, University of Southern, North Dakota, Carnegie, E, Victoria Cheyenne Locations: California, Angeles, LA, Chicago, Fremantle, Los Angeles, Brooklyn, Georgia, Elm, Mumbai, India, University of Southern California, North, North Hollywood, Victoria, Bolivia
Cheddar News cut a series of roles on Thursday, the latest blow to its dwindling newsroom. The embattled news network is cutting at least two anchors and several producers, sources said. The embattled network Cheddar News cut a series of jobs on Thursday, resulting in the ouster of at least two senior anchors and numerous other producers and back-office staff, Insider has learned. At Altice USA, news and advertising revenues were down nearly 14% year-over-year, according to the company's most recent earnings report. Do you work at Cheddar News or Altice USA and have additional details to share?
Persons: , Manoj Shamdasani, Altice, , it's, Reed Alexander Organizations: Cheddar, Altice, Cheddar News, Altice USA Locations: Cheddar, Altice USA, newsrooms, New York, Hollywood
Dreaming of working in Hollywood but facing setbacks because of the 2023 writers' strike? If you're starting out at a Hollywood company or on a summer internship program — what are you working on? How is the strike shaping your current experience in the industry? Reed Alexander can be reached via email at ralexander@insider.com, or SMS/the encrypted app Signal at (561) 247-5758. We're open to considering anonymous contributions and can obscure the identities of people already working at Hollywood companies.
Persons: Reed Alexander Organizations: WGA, Hollywood Locations: Hollywood
Disney CEO Bob Iger has reorganized the company into 3 core units: entertainment, ESPN, and parks. Parks' growing prominence comes as the company faces looming decisions over Iger's CEO. Travel bans "dramatically impacted" results for Disney Parks during the intense early years of the coronavirus pandemic, Heger noted, adding that parks are now generating more revenue and operating profit than they did in pre-COVID times. The parks' success is "helping to offset" losses from Disney's "DTC," or direct-to-consumer streaming business, Heger added. Josh D'Amaro, the current chairman for Disney Parks, Experiences, and Products, would be a likely figure appearing on any shortlist of CEO contenders.
Persons: Bob Iger, Parks, It's, Dave Heger, Edward Jones, Heger, AECOM, Iger, Josh D'Amaro, Christine McCarthy —, Iger's, Bob Chapek, Ron DeSantis, Chapek, Hollywood creatives, Tom Staggs, Iger —, , Chapek's, it's, you've, Jeffery Merola, he'd, DeSantis, Reed Alexander Organizations: Disney, ESPN, Disney Parks, Walt Disney, Disneyland, Products, Florida Gov, Hollywood, Los Angeles Times, Sunshine State Locations: Tokyo, Shanghai, Orlando , Florida, Anaheim , California, execs, Chapek, Syracuse , New York, Orlando
PodCo produces podcasts themed around Nickelodeon and Disney Channel shows from the past two decades. Since their debut, several PodCo shows have ranked among the top 10 television and film podcasts on platforms like Spotify and Apple Podcasts, according to Chartable. Along with the hosts, other big-name alums have made appearances on PodCo shows, which are also recorded on video and viewable on YouTube. So when he heard Carlson Romano and Rooney's idea, he leapt at the chance to bring the show back in a new form. Some have written to him personally to say the "Ned's" podcast is leaving them feeling less isolated in their own lives, he added.
Persons: Stevens, Christy Carlson Romano, Brendan Rooney, Kim, Ned Bigby, Harper Finkle, PodCo, Rooney, Krystal Eve, Carlson Romano, Ren Stevens, Jenna Fischer, Angela Kinsey, Selena Gomez, Jennifer Stone, David DeLuise, Stone, Lee Citron, Stone —, California —, , it's, wouldn't, Alyson Stoner, Zack, Cody, Devon Werkheiser, Werkheiser, Scott Simock, PodCo's, Reed Alexander Organizations: Nickelodeon, Disney Channel, Wizards, Marine Corps, Columbia University, American Film Institute, Apple, PodCo, Edison Research, Triton, Intelligence, Disney, Paramount, Netflix, YouTube, Social, Spotify Locations: Waverly, Hollywood, NBC's, California, TikTok, Texas
Embattled network Cheddar News cut six roles in a small layoff round in April, Insider has learned. Affected employees previously worked on Cheddar's highly-regarded YouTube team. Cheddar News quietly laid off half a dozen staffers who formerly worked on its highly-regarded YouTube team creating original video content, Insider has learned. As Insider reported earlier this year, sources at Cheddar said management had indicated cost-cutting and profitability concerns were behind the shift in strategy away from creating original YouTube content, which Cheddar had done for years. Do you work for Cheddar News or Altice USA, or are you a media insider with insight to share?
Persons: Cheddar, Anna Delvey, Kristin Malaspina, Altice, Malaspina, Claire Atkinson, Reed Alexander Organizations: Cheddar, YouTube, News12, Altice, Cheddar News, Altice USA, New, BuzzFeed Locations: New York, News12 New York, Altice USA, Russian, Cheddar
Embattled network Cheddar News cut six roles in a small layoff round in April, Insider has learned. Affected employees previously worked on Cheddar's highly-regarded YouTube video team. Cheddar News quietly laid off half a dozen staffers who formerly worked on its highly-regarded YouTube team creating original video content, Insider has learned. Altice, which bought Cheddar in 2019, set out to implement a series of content changes at the 7-year-old news outlet in mid-2022. Do you work for Cheddar News or Altice USA, or are you a media insider with insight to share?
"Even Stevens" star Christy Carlson Romano and her husband, Brendan Rooney, founded the startup. Since their debut, several PodCo shows have ranked among the top 10 television and film podcasts on platforms like Apple Podcasts, according to Chartable. Along with the hosts, other big-name alums have made appearances on PodCo shows, which are also recorded on video and viewable on YouTube. So when he heard Carlson Romano and Rooney's idea, he leapt at the chance to bring the show back in a new form. Some have written into him personally to say the "Ned's" podcast is leaving them feeling less isolated in their own lives, he added.
JPMorgan is calling employees back to the office — and keeping tabs on attendance. This has reignited a conversation about the bank's surveillance of its employees. They explained how the bank tracks everything from office attendance to time spent on Zoom calls and composing emails. Many of the JPMorgan employees Reed spoke to said their surveillance made them feel untrusted by their bosses. Inside the little-known tool that gives JPMorgan Chase the power to collect data about everything its employees do at work
JPMorgan has developed a powerful data-collection tool to monitor its employees, dubbed WADU. Employees at America's largest bank fear what the data collection could mean for their jobs. One staffer described a workplace where terms like "Big Brother" and "1984" have become commonplace. For more details on how JPMorgan Chase's WADU system works and what kinds of data it tracks about employees, read Insider's full story here. Employees were granted anonymity to discuss how WADU works and how it impacted company staff since they were not authorized to speak with reporters.
Insider spoke to Ali Schouten, the showrunner behind Paramount+ series "iCarly," about what's at stake. The "iCarly" writers will link up with the picket line outside the lot where the show is filmed, according to Ali Schouten, the series' showrunner and executive producer. Ahead of the "iCarly" writers' picketing on Thursday, I spoke with Schouten to understand what she and her colleagues are fighting for. Lisa Rose/Paramount+The last writers' strike resulted in $2 billion worth of losses for the California economy, and some experts predict the impact of this work stoppage could be even greater. How is the writers' strike impacting you, your business, or your family?
DreamWorks Animation has laid off 33 staffers, or around 2%, in recent days. DreamWorks' parent company, NBCUniversal, has been laying off staff across divisions in recent months. The cuts were confirmed by a spokesperson from DreamWorks Animation, whose parent company, Comcast's NBCUniversal, has eliminated roles across the organization over the past six months. DreamWorks Animation said in a statement that the layoffs were part of an overall cost reduction and that a majority of those affected were in support functions. This person said staffers laid off in this round learned the news several weeks ago, giving those affected some time to prepare.
A writers' strike has been underway since overnight Monday. Thousands of Hollywood writers have fanned out across the streets of Los Angeles since early Tuesday afternoon, waving signs and chanting to demonstrate their resolve. Insider spoke with eight WGA members who are picketing or contributing to the work stoppage in other ways. Are you a member of the Writers Guild of America or do you work in the entertainment industry? How is the writers' strike impacting you?
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