As the CEO departs and linear TV viewing declines, AMC Networks will make layoffs
The company, home to IFC, AMC+, Shudder, Acorn TV, and Sundance TV, will see cuts to every operating area, wrote James Dolan, the company's chairman...
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Prior to the programming deadline, Fox Corp. and DirecTV struggle to reach a “fair agreement”
DirecTV users may experience a Fox blackout starting on Dec. 2 when a carriage deal between the companies expires. Fox on Sunday started broadcasting a..
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As more staff leave, Twitter is hit with confusion, chaos, and gallows humour (#RIPTwitter)
Hundreds of key staff reportedly left the company Thursday ahead of Elon Musk's "extremely hardcore" culture reset of the social media giant. The drama surrounding..
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BuzzFeed Ad Revenue is stable, but user engagement is declining
Total revenue reached $103.7 million for the quarter, representing a 15 percent year-over-year increase. When compared to the prior year, BuzzFeed Inc.'s third-quarter ad revenue..
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Bank of America analysts raise price target for Netflix to $370, the stock surges
As the streaming giant stabilized subscriber growth and pushes into ad-supported streaming it has garnered a series of price target rises from other bullish analysts..
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Disney is preparing a “Cost Structure Taskforce,” a targeted hiring freeze, and staff reductions
CEO Bob Chapek also said the company is undertaking a "rigorous review of the company’s content and marketing spending." The Walt Disney Company is trying..
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Amazon Experiences a $1 Trillion Market Value Drop, a First in History
Amazon isn't the only company to lose value after pandemic highs, but it's the first to fall more than $1 trillion. When Amazon's market valuation..
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After the Twitter acquisition, Elon Musk sells Tesla shares valued at least $3.95 billion
Tesla CEO Elon Musk sold additional shares of his electric car company after closing a $44 billion purchase of Twitter. Musk closed the deal on..
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Meta invests more money in the metaverse, lays off 11,000 employees
As the Facebook parent dug down on its risky metaverse gamble amid a collapsing advertising market and decades-high inflation, Meta Platforms Inc. announced on Wednesday..
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Stephen King Hears Elon Musk’s Defense of Controversial $20 Blue Checkmark Twitter Plan
The new Twitter owner has fired back at the author, whose horrified "f*** that" reaction to a plan to charge for a verification went viral:..
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