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Truth Social parent company Trump Media now worth more than X as Election Day nears

“Varney & Co.” host Stuart Varney reacts to Tesla CEO Elon Musk's offer of $1 million a day to voters who sign the America PAC petition. Trump Media & Technology Group, which operates the social media network Truth Social, has surpassed the estimated value of Elon Musk's “X” as Election Day approaches. Trump Media & […]

Coach parent blocked from merging with owner of Michael Kors

A U.S. judge on Thursday blocked the disputed $8.5 billion merger between handbag and accessories makers Tapestry and Capri, a victory for the Federal Trade Commission in an industry where merger issues are rare. The FTC argued in an eight-day trial in New York that the merger would eliminate fierce direct competition between the top […]

Bally Sports’ parent company, FanDuel partner for regional sports networks rebrand

Diamond Sports Group, the parent company of several regional sports networks, has signed a partnership agreement with American sportsbook FanDuel. On October 21st, Diamond Sports Group's Bally Sports will be renamed FanDuel Sports Network. The official name of the RSN varies slightly depending on region across the 16 markets. For example, the game between the […]

Parkland parent, school safety expert says one candidate closer to the answer

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ABC News hit with 75 layoffs as corporate parent Disney slashes costs

ABC News and its group of local stations were hit with 75 layoffs Wednesday as part of an ongoing restructuring at parent company Disney. ABC News President Armin Karmemedovic broke the news to staff in a memo obtained by the Post, saying the station had to make a “tough decision.” “A limited number of colleagues […]

Blackstone to sell Motel 6 chain and its parent company for $525M

An India-based hotel management company is acquiring Motel 6, a leading American budget motel chain. Olabel Stays, the parent company of global travel technology company Oyo, has announced that it will acquire franchisor G6 Hospitality and its extended-stay brands Motel 6 and Studio 6 for $525 million to current owner Blackstone. Blackstone, the New York-based […]

Guardian parent company in talks over potential sale of Observer | The Observer

The Guardian's parent company has announced that it is in formal negotiations with Tortoise Media over the potential sale of The Observer, the world's oldest Sunday newspaper. The Guardian Media Group (GMG) told Stuff it was in talks with the Observer after receiving enough proposals to be worth considering in more detail. The company said […]