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Lansky said he was inspired by a discussion he had with a pilot he sat next to on a flight years ago. When the safety demonstration video began, “I noticed he wasn't paying attention to it. “You really need to kind of visualize actually lifting the flap,” Lansky told CNBC Travel. “Oh yes,” a U.S. flight attendant with more than two decades of experience told CNBC Travel. He said he asked flight attendants how many times they bump passengers elbows, knees and feet on long-haul flights.

Persons: ”, Doug Lansky, Lansky, “, ” Lansky, I've, you’re, “ We’ll, they've Organizations: CNBC Travel Locations: U.S

☆ The US Air Force's potential shift to adaptable 'light fighters' to solve budget woes is more complicated than it seems
▼ + stars: | 2024-09-03 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +32 min

US Air Force photo illustration by Staff Sgt. The Air Force needs new missiles, new bombers, and new fighters — but is struggling to pay for them allThe B-21 Raider in flight at Edwards Air Force Base, California. Cultural inertia in the fighter businessUS Air Force fighter aircraft fly in formation. A rendering of a future crewed next-generation air dominance aircraft by the US Air Force Research Laboratory. Nonetheless, for a cash-strapped Air Force, this would be a significant challenge.

Persons: David Allvin, Parth Satam, Allvin, Madeline Herzog, that's, it's, Will Roper, I'm, Charles, CQ, Brown, Preston Cherry, America's, Lockheed Martin, Northrop Grumman, Marine Corps Lockheed Martin, Peter Nicholls, —, Danielle Purnell, Frank Kendall, Tom Williams, Will Roper's, Kendall —, I've, Kendall, there's, Northrop Grumman's, Roper, Giancarlo Casem, today's, they've, wouldn't, John Raven, James M, Holmes, we've Organizations: Service, senior Air Force, Air Force, Global Air, Space Chiefs, Conference, UK's, Space Power Association, Business, Fighter, US Air Force, Force, American, Next, Sabre, Convair, Delta Dart, Rand Corporation, National Museum of, Staff, Joint Chiefs, Raptors, Royal Norwegian Air Force, Senior, Boeing, Lockheed, US, Marine Corps Lockheed, Royal International Air, Reuters, Getty, Capitol, Raider, Air, Edwards Air Force Base, DARPA, USAF, III, America, Minuteman, Sentinel missile, Pentagon, Lockheed Martin Aeronautics Company, Sentinel, Defense, Tech, Combat Command, US Air Force Research Laboratory, Sandboxx Locations: London, American, Fairford, Britain, Fort Worth, California, United States, Soviet Union, Marietta , Georgia, America, Europe

☆ Lionsgate Financing Partner Breaks Down Film and TV Funding Venture
▼ + stars: | 2024-08-28 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Film and TV investor Content Partners just announced a new financing arm at a time when some institutional investors are fleeing Hollywood. It kicked off with a deal providing debt financing to Media Capital Technologies to support its backing of Lionsgate's film slate. Content Partners Capital (CPC) is targeting up to five deals a year of up to $100 million each in debt financing for film and TV companies. Lordo said Content Partners saw a void to help entertainment companies that are stuck in a financing bind, unable to get bank or private-equity backing. The era of Peak TV is over: Big entertainment companies have reduced spending as streaming hasn't made up for losses in linear TV.

Persons: there's, Alphonse Lordo, Lordo, they've, Mark Cuban, Todd Wagner, It's Organizations: Service, Content Partners, Media Capital Technologies, Lionsgate, Starz, Business, Content Partners Capital, CPC, Truist Securities, Partners, Monroe, Fortress Investment Group, Media, Revolution Studios, CSI television Locations: Hollywood

When the media executive Edgar Bronfman Jr. submitted his last-ditch bid on Monday to take control of Paramount, his approach was greeted with surprise and skepticism. Who would take his unconventional coalition of investors seriously, especially when an $8 billion deal with Skydance was on the table? The bid has transformed Paramount’s sale into a battle of family dynasties. But the deal is now threatened by the bid from Bronfman — a grandson of the Seagram mogul Samuel Bronfman — whose early foray steering the family business into media several decades ago has left a cloud over his career. The son of one billionaire is now pitted against the son of another.

Persons: Edgar Bronfman Jr, Skydance, David Ellison, Larry Ellison, Shari Redstone, Bronfman, Samuel Bronfman —, “, ” Terry Kawaja Organizations: Paramount, Oracle, Seagram, Luma Partners

☆ John Lansing, Who Guided NPR Through Tumultuous Times, Dies at 67
▼ + stars: | 2024-08-23 | by ( Clay Risen | ) www.nytimes.com time to read: +1 min

John Lansing, who as chief executive of NPR from 2019 until earlier this year guided the broadcasting organization through a global pandemic, an imploding media landscape and widening political polarization that called into question some of its journalistic principles, died on Aug. 14 at his home in Eagle River, Wis. An NPR representative confirmed the death but did not cite a cause. Mr. Lansing, who had been in the news business since he graduated from high school, arrived at NPR with a mission to broaden its reach beyond traditional radio into media like podcasts and newsletters. He also announced what he considered his “north star”: a commitment to expand NPR’s audience to include a younger and more diverse demographic, and a parallel commitment to diversify, equity and inclusion in its coverage, sources and staff. His changes included documenting the diversity of sources, introducing unconscious bias training and hiring people of color for both on- and off-air positions.

Persons: John Lansing, Lansing Organizations: NPR Locations: Eagle River, Wis

☆ Fact check: Trump made at least 20 false claims in his conversation with Elon Musk
▼ + stars: | 2024-08-13 | by ( Daniel Dale | ) edition.cnn.com time to read: +34 min

Here is a fact check:CrimeTrump claimed, “Our crime rate’s going through the roof.”Facts First: Trump’s claim is false. Facts First: Trump did express uncertainty about the number, but his “like 60 million or something” claim is false. They take ‘em out, and they bring them to the United States.”Facts First: Trump’s claim is baseless. He said, “With Ukraine, so we’re in for $250 billion and they’re in for about $71 billion.”Facts First: Trump’s claim is false. But Trump’s claim that the US has committed or provided far more aid than Europe is not true regardless.

Persons: Donald Trump, –, Elon Musk, Kamala Harris, Trump, Jeff Asher, ” Anna Harvey, “, we’ve, ”, Biden, Gary Griggs, Griggs, Harris, Harris “, ” Trump, wasn’t, Alejandro Mayorkas, Breitbart, ” Roberto Briceño, Venezuela’s, León, Joe Biden, ” Michelle Mittelstadt, can’t, Steven Cheung, Congo ’ Trump, Patrick Muyaya Katembwe, ” Serge Mombouli, Barack Obama’s, Obama, Obama’s, We’ll, Ukraine Trump, Europe Trump, Trump’s, Mike Pompeo, ” Pompeo, China, you’re, ‘, Iran haven’t, ” Matt Smith, Biden’s, Smith, Ali Vaez, Ronald Reagan’s, Barack Obama, George W, they’d, Scott Gottlieb, ” Gottlieb, General Merrick Garland, Musk, Alvin Bragg’s, Matthew Colangelo, Colangelo, Bragg, CNN’s Tami Luhby, William Montes Organizations: Washington CNN, Republican, Democratic, Public, New York University, CNN, Major Cities Chiefs Association, Biden, Global, Trump, NASA, Meteorological Organization, University of California, Oceanic, Fox News, The New York, White, Homeland, Central, “, Border, Venezuelan, of, Patrol, Republicans, Migration, Institute, Breitbart, Congo, PAC, Central America Trump, Obama, Customs Enforcement, Policy Institute, ICE, El Salvador, Electoral, Ukraine, Kiel Institute, European Union, European Automobile Manufacturers ’ Association, State, Americas, Crisis, Federal, Defense Department, Food and Drug Administration, FDA, Justice Department, New Locations: Trump’s, Santa Cruz, Gulf of Mexico, Florida, Mar, El Salvador, Guatemala, Honduras, United States, Mexico, Venezuela, “ Venezuela, Congo, Democratic Republic of Congo, Republic of Congo, Africa, Republic of, Washington, Europe, Ukraine, Germany, Kiel, ”, EU, Iran, Lebanon, Israel, China, that’s, Kpler, Malaysia, Afghanistan, Asia, Fulton County , Georgia, Manhattan, New York

☆ How to increase your attention span amid digital overload
▼ + stars: | 2024-08-11 | by ( Riane Lumer | ) edition.cnn.com time to read: +10 min

While a dwindling attention span is not due to a personal failing (despite individual variability) a majority of the time, experts say there are changes you can make to regain control over your mind. “Tech companies and ad marketing companies use this information to construct profiles about us, and then they design algorithms that are targeted to capture our attention,” Mark said. “We have a tank of attentional resources (that) gets drained when we keep switching our attention,” Mark said. Additionally, he suggested using an app that places time limits on social media or websites you find yourself addicted to using. “The way I feel at the moment is like somebody is pouring itching powder over us all day,” Hari said.

Persons: I’m, it’s, Gloria Mark, Mark, Graham Burnett, ”, Burnett, Henry Charles Lea, ” Mark, Shoshana Zuboff, “ I’m, Johann Hari, ” Hari, Hari, ’, There’s Organizations: CNN, University of California, Computing Systems, Institute, Strother School, Princeton University, “ Tech, Harvard Business School, Facebook, New York Times, Association of Computing Locations: Irvine, Brooklyn , New York, New Jersey, Boston, Silicon Valley

☆ UK riots show how social media can fuel real-life harm. It’s only getting worse
▼ + stars: | 2024-08-09 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

For nearly a decade, governments and civil rights groups have increasingly argued that online platforms have created enormous societal costs. Many social media companies have invested heavily in content moderation over the years. In the European Union, officials are looking to hold social media companies accountable for spreading misinformation under the new Digital Services Act. In the UK, the Online Safety Act could take effect as soon as this year, requiring, among other things, social media platforms to remove illegal content. “We’re going to have to look more broadly at social media after this disorder,” UK Prime Minister Keir Starmer said in a video distributed to media Friday.

Persons: “ We’re, Keir Starmer, Jordan, Olesya Dmitracova, Kara Fox Organizations: CNN, stoke, Capitol, European Union, Digital Services, Facebook, United Locations: United Kingdom, unaddressed, Leeds, England, United States

☆ Breaking is making its Olympics debut in Paris. Just don’t call it breakdancing
▼ + stars: | 2024-08-06 | by ( Faith Karimi | ) edition.cnn.com time to read: +11 min

It might seem more like an artform than a sport, but breakdancing — known professionally as breaking — is making its Olympics debut this month in Paris. The Olympics adopted the same name to honor its culture and history and preserve its authenticity, Nifontov said. As breaking makes its Olympics debut, Cooper said a part of him fears it will lose some of the cultural qualities that make it a unique artform. Breaking events are scored on five factorsLike gymnastics or figure skating, breaking competitions are scored by a panel of judges. She eventually left her job at a global cosmetics company to focus on breaking and lives in New York City, where she trains.

Persons: breakdancing, Victor Montalvo, Victor, who’s, Michael Jordan, “, ” Montalvo, ”, Sergey Nifontov, James Brown, Richard Laird, Nifontov, Richard M, Cooper, ” Cooper, we’re, Brown, ” Nifontov, Robert Deutsch, Zack Slusser, Montalvo, Logan Edra, Yves Herman, it’s, …, Sunny Choi, Andrew Kelly, Jeffrey Louis, Jeffro, Louis, ” Louis, I’ll, ” Choi, I’ve, ” CNN’s Gonzalo Alvarado Organizations: CNN, CNN En Espanol, New York City, DanceSport Federation, New York City's, American Studies, Widener University, Olympics, USOC Media Summit, Paris, USA, Sports, Reuters, International Olympic, Olympic, USA’s, Team USA, University of Pennsylvania Locations: Paris, New York, China, France, Japan, Netherlands, South Korea, Ukraine, Kazakhstan, United States, New, Chester , Pennsylvania, Africa, Hollywood, Argentina, Leuven, Belgium, Mexico, New York City, Florida

☆ Nvidia said a new product every year was the key to winning the Gen AI race. Now it's faltering at the first hurdle.
▼ + stars: | 2024-08-05 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

The rollout of Nvidia's next-generation of AI chips, Blackwell, is going to be delayed according to media and industry analyst reports. Smaller cloud firms that have built their businesses on Nvidia chips could be affected by the delay too. Each new generation of AI chips promises step changes in computing capacity, speed and efficiency, allowing for faster computations and larger models. Taiwan Semiconductor Manufacturing Company, Nvidia's manufacturing partner, is using a relatively new process to manufacture the Blackwell chips. Some Blackwell chips have begun shipping to customers and production will still increase in the second half of the year.

Persons: —, Blackwell, Semianalysis, Hopper, Jensen Huang, Huang, there's, Nvidia's Blackwell, Bernstein Organizations: Service, Blackwell, Business, Nvidia, Meta, Microsoft, Google, AMD, Taiwan Semiconductor Manufacturing Company, Reuters, Bank of America Locations: Semianalysis

We’ve never in my lifetime changed candidates this late in the game,” West said, pausing as she left a Harris campaign office to pick up a new packet of door-knocking materials. “There is a lot of excitement around Vice President Harris, actually. However, despite the preparations, Trump’s campaign has yet to find its footing on a consistent message about the vice president. Outside the campaign, Trump’s allies worry there is no strategy for what is now a competitive race. Vice President Kamala Harris speaks at a gathering of the Sigma Gamma Rho sorority in Houston on July 31, 2024.

Persons: Donald Trump’s, Joe Biden, Trump, Biden, Kamala Harris, Ohio Sen, JD Vance, Harris –, Harris, –, ”, “, ” Trump, pollster John McLaughlin, ” McLaughlin, Harper, “ I’ve, We’ve, ” West, President Harris, Joe Lamberti, ” Harris, Rachel Scott, Scott Olson, it’s, Barack Obama, Trump’s, Steven Cheung, “ He’s, Brandon Bell, Trump –, Harris didn’t, ” Rev, Charles Williams, I’m, ’ ” Williams, he’s, Donald Trump, She’s, Carolina Sen, Lindsey Graham, she’s, Vance, Anna Moneymaker, Tucker Carlson’s, they’ve, Alaska Sen, Lisa Murkowski, Schouten, Kate Sullivan, Jeff Zeleny, Steve Contorno, Manu Raju, Morgan Rimmer, Danya Gainor, Lauren Fox Organizations: CNN, Republican, Republican Party, Trump, GOP, National Association of Black Journalists ’, Biden, Harris, Getty, Democrats, Democratic, Democratic Party, ABC, Fox News, Senior Trump, ABC News, National Association of Black Journalists, Indian, Sigma Gamma Rho, Air Force, White, Sigma Gamma Rho sorority, Historic King Solomon Baptist Church, ”, Senate, Capitol Locations: Milwaukee, Chicago, India, Jamaica, Oakland County , Michigan, Harrisburg , Pennsylvania, AFP, Trump, New York, Georgia, Butler , Pennsylvania, Harris, Atlanta, United States, North Carolina, Houston, Detroit, ”, Carolina, Sierra Vista , Arizona, Alaska, Mexico, Arizona, Ohio, California

☆ Follow Mark Zuckerberg's lead and revamp your image at work. Here are 5 ways to do so.
▼ + stars: | 2024-08-02 | by ( Nora Redmond | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But that doesn't mean it's too late to revamp your public image. The internet obsessed over Mark Zuckerberg, switching his old aesthetic of hoodies and gray t-shirts to his new look — he now sports chain necklaces. Hannah Salton, a UK-based career coach and author with a background in corporate recruitment, said it's important to create a persona for work that you're comfortable with. Tailor your social media accountIt's vital to be aware of your online presence, including your social media accounts, she said.

Persons: —, Mark Zuckerberg, he's, Hannah Salton, Salton, Cooper Neill, it's Organizations: Service, Business

☆ Federal grand jury set to hear evidence in scam to steal Graceland from Elvis Presley’s family
▼ + stars: | 2024-08-01 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Brandy-Zadrozny-Circle-Byline-Template.Jpg | Brandy Zadrozny | ) www.nbcnews.com time to read: +2 min

A federal grand jury is set to begin hearing evidence this month in the scam to steal the Graceland estate from Elvis Presley’s family, sources say. It involved a company called Naussany Investments, which claimed that Lisa Marie Presley, Elvis’ only child, owed millions of dollars in unpaid loans before she died. To collect on that debt, Naussany Investments sought control of Graceland through a foreclosure sale of the historic mansion. The documents Naussany Investments filed turned out to be forged, and a judge tossed out the case. More than half a dozen links seemed to separately connect Holden with the foiled scam at Graceland, NBC News found.

Persons: Elvis Presley’s, Lisa Holden, Holden, Graceland, Lisa Marie Presley, Elvis ’, Gregory Naussany, “, ” Lisa Holden, Micah McCoy, Howell, Findley, Naussany, ” Organizations: NBC News, FBI, Western, of, Naussany Investments, NBC, Investments, Holden Locations: Memphis , Tennessee, Branson , Missouri, U.S, of Tennessee, Nigeria, Missouri, Sullins, Graceland

☆ UK police examining allegations Washington Post publisher purposely deleted emails in phone hacking scandal
▼ + stars: | 2024-08-01 | by ( Hadas Gold | ) edition.cnn.com time to read: +5 min

The Guardian said Brown wrote to police after documents that were recently made public during civil court proceedings reportedly showed Lewis met with detectives in 2011. After he was hired by the Post, Lewis also tried to kill a story about his alleged involvement in the phone hacking scandal coverup, offering an NPR reporter an interview in exchange for squashing the forthcoming article. In May, Brown wrote to the Metropolitan Police and said he was told that the “Met’s special inquiry team” would look into it. The security threats were believed to be genuine and were not devised as part of an alleged ‘cover-up’ and there is no evidence to show that is the case,” the News UK spokesperson said. The allegations swirling around Lewis have roiled The Washington Post newsroom in recent months.

Persons: Will Lewis, Rupert Murdoch’s, Gordon Brown, Lewis, Brown, Tom Watson, Rebekah Brooks, ” Brown, Prince Harry, Murdoch, ”, Mr Brown, “, Brooks, ” “, Carlotta Cardana, Robert Winnett, Jeff Bezos Organizations: New, New York CNN, London, Washington Post, Guardian, Metropolitan Police, Murdoch’s News, Washington, Post, CNN, News, IT, MPS, Bloomberg, Getty Locations: New York, London

☆ ‘Terrible’: Apple’s new promo video sparks backlash in Thailand
▼ + stars: | 2024-07-31 | by ( Chris Lau | Kocha Olarn | ) edition.cnn.com time to read: +4 min

CNN —A new promotional video by tech giant Apple has been met with heavy criticism in Thailand, with many social media users claiming it offers an unrealistic, outdated view of the country. The plot follows four characters – known as the underdogs – and their attempts to overcome workplace crises using Apple devices and software. Since the series’ debut in 2019, the characters have left their corporate jobs and founded their own company. It’s fine,” wrote Thai social media user Sakchawit Attasillekha on Facebook, pointing out there are “plenty of old hotels in Bangkok” and “old taxis decorated with Buddha amulets.”“However, we also have good things too,” he added. Sombat Boonngamanong, a prominent social activist, also weighed in on Facebook saying that he was surprised the video had caused such a stir.

Persons: Christopher Mintz, ” David William, he’s, ”, John F, “, Nipawan Labbunruang, Lillian Suwanrumpha, Chai Wacharonke, Srettha Thavisin, Sombat Organizations: CNN, YouTube, Plasse, Kennedy International Airport, Bangkok, Getty, Indochina Productions, Apple, Facebook Locations: Thailand, tuk, Thai, “ Thailand, Bangkok, AFP, Bangkok ”

☆ Opinion | The Mystery of JD Vance Is Unraveling
▼ + stars: | 2024-07-31 | by ( Thomas B. Edsall | ) www.nytimes.com time to read: +2 min

JD Vance embodies the pros and cons of political competition in a divided America. Vance’s reputation as defender of the globalization-battered working class can help Trump in the electorally crucial Midwest industrial belt states of Pennsylvania, Wisconsin, and Michigan. But Vance is also an absolutist on restricting abortion, the Republican’s biggest current weakness, according to polls. He has adopted Trump’s line that abortion rules should be left to the states, but his voting record is striking. In an interview with the Youngstown Ohio Vindicator, Vance contended that there was extensive fraud in 2020 including a “big-tech” conspiracy directed by Mark Zuckerberg, the chief executive of Facebook.

Persons: Vance, minuses, Donald Trump’s ‘, —, Sean O’Brien, ” That’s, Trump, Tony Fabrizio, ”, ” Vance, Mark Zuckerberg Organizations: GZERO Media, Republican National Convention, Republican, Teamsters, Ohio Republican Senate, Trump, Youngstown Ohio Vindicator, Facebook Locations: America, Pennsylvania , Wisconsin, Michigan

☆ Racked by Pain and Enraptured by a Right-Wing Miracle Cure
▼ + stars: | 2024-07-28 | by ( Eli Saslow | ) www.nytimes.com time to read: +1 min

Michael Chesebro awoke to the same reality as he did each morning, with pain radiating up his spine and into his shoulders before he opened his eyes. He remained still for a moment, summoning the courage to reach from his bed to his night stand. He rolled onto his back, which was fused together with metal after almost 20 years as a paratrooper in the military. He extended his arm, which he had broken several times while wrangling bulls and horses on his ranch outside Cheyenne, Wyo. Finally, his hand found his cellphone, and he logged on to the online universe where he spent most of his days.

Persons: Michael Chesebro, “, ”, Michael, “ I’m, ” Michael, Warren Armour Organizations: Patriot Party, Patriot Party News, Facebook Locations: Cheyenne, Kansas, Texas, Tennessee

☆ Gaza: US physicians pen letter to Biden and Harris
▼ + stars: | 2024-07-26 | by ( Sahar Akbarzai | ) edition.cnn.com time to read: +8 min

Sources told CNN the president was expected to be as forceful as he has ever been in pushing Netanyahu to agree to a deal. Mohammed Salem/ReutersThe ‘only independent monitors’ in GazaDr. Adam Hamawy, a US plastic surgeon and former US Army combat trauma surgeon, told CNN on Thursday, “there’s no one getting firsthand accounts other than physicians. In signing the letter, Perlmutter told CNN that he hopes “the average American can feel the pain we feel on a daily basis. “Everyone in Gaza is sick, injured, or both,” with few exceptions, their letter said. We are simply physicians and nurses who cannot remain silent about what we saw in Gaza.” the letter said.

Persons: Joe Biden, Kamala Harris, ”, “, Feroze Sidwa, Biden, Benjamin Netanyahu, Netanyahu, Israel, Khan Younis, Mohammed Salem, Adam Hamawy, … we’re, you’re, who’ve, Hamawy, people’s, Tammy Duckworth, Mark Perlmutter, Perlmutter, hadn’t, ” Perlmutter, They’ll, Israel’s, Tala Alrajjal, Sam Fossum, Eugenia Ugrinovich Organizations: CNN, White, Humanitarian Law, European Hospital, Nasser Hospital, US Army, Gaza, Israel Defense Forces, World Surgical Association, Gazan Health Ministry, Health Organization, United Nations Locations: Gaza, Ukraine, Iraq, Israel, US, Sarajevo, New York City, Khan, Rafah, North Carolina

☆ What Rupert Murdoch Owns, and How He Built His Media Empire
▼ + stars: | 2024-07-25 | by ( J. Edward Moreno | ) www.nytimes.com time to read: +1 min

Rupert Murdoch, the 93-year-old media tycoon, spent the past 70 years building a global media empire that gave him influence in journalism, politics and pop culture. He’s now locked in a court battle with three of his children over the future of the business, which own Fox News, The Wall Street Journal, The New York Post and major newspapers and television outlets in Australia and Britain. With dozens of acquisitions, Mr. Murdoch created the media conglomerate known for the rise of the modern tabloid and conservative commentary. Here’s how Mr. Murdoch built his empire:1950sThe Australian-born mogul ventured into media in 1952 when he inherited his family’s business after the death of his father, Keith Murdoch. A 21-year-old Oxford student, he inherited The News of Adelaide, a newspaper in southern Australia with a circulation of 75,000.

Persons: Rupert Murdoch, Murdoch, Keith Murdoch Organizations: Fox News, Street, The New York Post, Britain, Fox, Oxford Locations: Australia, Britain, Australian, Adelaide

☆ How Group Black's $500 million promise to Black-owned media unraveled
▼ + stars: | 2024-07-24 | by ( Lucia Moses | Lara O'Reilly | ) www.businessinsider.com time to read: +16 min

Montaque cofounded Group Black in 2021 with the goal of directing $500 million in advertising money to Black-owned media in its first 18 months. With the pledge, Group Black laid out a plan to steer money to Black media owners and acquire media companies. Bough, Group Black's chief strategy officer, was a former Mondelēz and PepsiCo marketer who presented the CNBC reality show "Cleveland Hustles." Various outlets reported that Group Black mounted bids for media companies including the Sports Illustrated publisher Arena Group, the Paramount-owned BET, Vice Media, and Vox Media. Seven former employees described Montaque as an energetic leader but said he was ultimately ineffective in executing Group Black's mission.

Persons: Travis Montaque, Weeks, Montaque, Bonin, Black, George Floyd, Breonna Taylor, Richelieu Dennis, Dennis, Ursula M, Burns, Randy Brooke, Ursula Burns, Seth Kaufman, Moët Hennessy, Gamble, Ziff Davis, offsites, Gamble —, Spokespeople, Derrick Johnson, Lionel Hahn, Todd Brown, It's, Christopher Kenna, I'm, Samantha Skey, Black's Travis Montaque, Arturo Holmes, Vivek Shah, Bough, Sheila Marmon, Media's Refinery29, Erika Goldring, Richelieu Dennis who's, Kirk McDonald, GroupM Organizations: Black, Cannes Lions, Business, Black's, SHE, Cola, Walmart, PepsiCo, CNBC, Xerox, Getty, Moët Hennessy North America, Procter, Gamble, NAACP, Urban Edge Network, Corporate America, Association of National Advertisers's Alliance, Inclusive, Multicultural, Diversity Media, Penske Media Corp, Zeta, Fox, Everyday Health, Sports, Arena Group, Paramount, BET, Vice Media, Vox Media, Galore Media, Mirror, Marmon, Media Locations: GroupM, America, Soho, Manhattan, Santa Monica, Cannes

☆ Automakers report earnings this week. GM is set to be the standout
▼ + stars: | 2024-07-22 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

That compares to LSEG estimates for Ford Motor that call for adjusted earnings per share of 68 cents for the second quarter, down 5.2% from the second quarter of 2023. Ford is scheduled to report Wednesday afternoon after markets close, followed by Chrysler parent Stellantis , which reports earnings biannually, releasing its first-half results Thursday morning. Stock Chart Icon Stock chart icon GM, Ford and Stellantis stocks in 2024. "Both are expected to raise 2024 guidance." Evercore still expects a "solid" second quarter for Ford, though, trending toward the upper half of its previously announced 2024 guidance.

Persons: Mary Barra, Ford, Dan Levy, Chris McNally, Itay Michaeli, Jim Farley, Michael Wayland, Carlos Tavares, Natalie Knight, Stellantis Organizations: New York Stock Exchange, NYSE DETROIT —, Motors, Detroit, America's, GM, Ford Motor, Chrysler, Ford, Barclays, Citi, CNBC Locations: Detroit, North America, Europe, Auburn Hills, Mich

☆ Buyout firm L Catterton approaches Mattel with acquisition offer, Reuters sources say
▼ + stars: | 2024-07-22 | by ( ) www.cnbc.com time to read: +2 min

The logo of US toy company Mattel is seen at the 72nd toy fair (Spielwarenmesse) in Nuremberg, southern Germany, on February 2, 2023. L Catterton, the private equity firm backed by luxury goods giant LVMH, has approached Mattel , the toy maker behind Barbie and Hot Wheels, with an acquisition offer, people familiar with the matter said on Monday. Hasbro also declined to comment, while L Catterton did not respond to a request for comment. Mattel shares jumped 20% to $19.49 following the Reuters report of the approach, giving the toy maker a market value of $6.5 billion. L Catterton, which has $34 billion in assets under management, has made more than 250 investments in consumer brands since its launch in 1989, according to its website.

Persons: Barbie, Catterton, El, Price, L, Bernard Arnault Organizations: Mattel, Hasbro, Capital, Fisher, American Girl, LVMH Locations: Nuremberg, Germany, El Segundo , California, American

☆ On the Trail With Trump, Vance Shows He Knows His Place: Offstage, Mostly
▼ + stars: | 2024-07-21 | by ( Shawn Mccreesh | ) www.nytimes.com time to read: +1 min

It was his first campaign rally as Donald J. Trump’s running mate, and JD Vance was up onstage, all by his lonesome, playing it humble. “It’s still a little bit weird to see my name on those signs,” Mr. Vance, a senator from Ohio, told a packed arena of Trump supporters in Grand Rapids, Mich., on Saturday. When Mr. Trump is near, he is the warm-up act. In his 12-minute solo set, Mr. Vance showed he understood the arrangement. While he flicked at his rags-to-riches story, he talked most effusively about Mr. Trump and how he has the most splendid judgment of any politician ever.

Persons: Donald J, JD Vance, “ It’s, Mr, Vance, Ron Howard, Vance’s, Trump Organizations: Trump, Yale Law School Locations: Ohio, Grand Rapids, Mich

☆ Microsoft says about 8.5 million of its devices affected by CrowdStrike-related outage
▼ + stars: | 2024-07-20 | by ( ) www.cnbc.com time to read: +1 min

The blue screen of death errors on computer screens are viewed due to the global communications outage caused by CrowdStrike, which provides cyber security services to US technology company Microsoft, on July 19, 2024 in Ankara, Turkey. A global tech outage that was related to a software update by cybersecurity firm CrowdStrike affected nearly 8.5 million Microsoft devices, Microsoft said in a blog on Saturday. "We currently estimate that CrowdStrike's update affected 8.5 million Windows devices, or less than one percent of all Windows machines," it said in the blog. CrowdStrike has helped develop a scalable solution that will help Microsoft's Azure infrastructure accelerate a fix, Microsoft said, adding that the tech giant had worked with both Amazon Web Services and Google Cloud Platform to collaborate on the "most effective approaches." Air passengers worldwide faced delays, flight cancellations and headaches checking in as airports and airlines were caught up in the IT outage that affected numerous industries ranging from banks to media companies.

Persons: CrowdStrike Organizations: Microsoft, Amazon Web Services, Google, Air Locations: Ankara, Turkey

☆ Harris hits the campaign trail under spotlight as Biden faces mounting pressure to drop out
▼ + stars: | 2024-07-18 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +1 min

And more than 1,000 factories closed under his watch," Harris said in Fayetteville. "Meanwhile, President Joe Biden and I have created nearly 800,000 new manufacturing jobs — so much so it's been described as a manufacturing boom." The vice president's remarks come amid intense pressure from top Democrats for Biden to drop out of the presidential race. According to media reports, Senate Majority Leader Chuck Schumer and former House Speaker Nancy Pelosi have both told Biden that his bid for reelection could endanger the party's electoral chances in both chambers of Congress. And while Democratic megadonors pressure Biden to step aside, donor events that feature Harris have started to sell out.

Persons: Kamala Harris, Joe Biden, Biden, Donald Trump, Harris, it's, Chuck Schumer, Nancy Pelosi, Barack's Obama's Organizations: Democratic, America, NBC News Locations: North Carolina, Fayetteville

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