CNN Parent Company Warner Bros. Discovery Hammered By Weak TV Advertising, Stock Plunges
Warner Bros. Discovery, the parent company of CNN, Warner Bros., HBO and numerous other media properties, has been plagued by weak TV advertising, lower-than-expected revenue, and its stock price has plummeted as investors worry about media. ing. Giant’s financial outlook. Warner Bros. Discovery stock plunged 12% early Friday, but recovered slightly later in the day. […]
Teamsters target Bud Light parent Anheuser-Busch, Molson Coors
International Brotherhood of Teamsters President Sean O’Brien weighs in on meeting with presidential candidates, saying there are many boxes to check and members have a duty to do their due diligence. he claimed. The Teamsters union went on strike at Molson Coors’ Texas brewery over the weekend, and will follow suit at all of Anheuser-Busch […]
Paramount+ parent talked with Comcastâs Peacock about streaming deal: report
Paramount Global recently held talks with Comcast about working together on a streaming deal. wall street journal reported on Friday, citing people familiar with the matter. According to the report, the two companies discussed a streaming partnership or joint venture between Paramount+ and Peacock, among several strategic options that Paramount was pursuing. The development comes […]
Michael Burry bets on CNN parent Warner Bros. Discovery, restaurant firms
Hedge fund manager Michael Burry, known for his prescient comments ahead of the 2008 U.S. housing market crash, is closing out put option positions in semiconductor stocks while also investing in Warner Bros. in the fourth quarter of 2023. The company said in a securities report released on Wednesday that it had purchased shares in […]
Parent board serving large NYC Jewish community slammed, accused of ‘censorship’ after scheduling meeting on Shabbos
A parent committee serving Brooklyn’s large Jewish community has been accused of “censorship” and scheduling meetings inconsistent with the Sabbath. Arthur Kleinerman, a Jewish member of Community Education Council 22, read a statement Tuesday on behalf of the board, saying that despite requests from the community, a “special He stopped short of apologizing for holding […]
Parent arrested after entering school cafeteria to eat with son
A Pennsylvania parent was arrested Wednesday after entering a school cafeteria with his son “to eat lunch.” The incident occurred at 10:45 a.m. in Washington County, a suburb of Pittsburgh, after an unidentified parent arrived at the charter school for a parent-teacher conference, officials said. letter From California Regional School District Superintendent Laura Jacob. The […]
Taco Bell, KFC parent company blames poor sales on Middle East conflict
The company, the parent company of multiple fast food brands including Taco Bell, KFC and Pizza Hut, said sales took a hit in the fourth quarter amid ongoing tensions in the Middle East. Yum Brands CEO David Gibbs said: during a call with an investor “Sales were impacted by conflicts in the Middle East, with […]
Novo Nordisk parent buys US drug firm for $16.5bn to expand Wegovy supply | Pharmaceuticals industry
The explosion in demand for the weight-loss drug Wegoby has prompted the holding company of its maker, Novo Nordisk, to buy the US-based drug giant for $16.5 billion ($12.70) and end its production capacity. Novo Holdings has acquired New Jersey-based pharmaceutical company Catalent, which it plans to immediately sell three of its locations in the […]
Google parent Alphabet sees AI investment providing long-term opportunities
The managing director of UBS Wealth Management said market opportunities that were once available through e-commerce are now being seized by AI. The rise of artificial intelligence remains a big focus for investors at Google and other tech giants, as emerging technologies reshape the tech world and transform the business of search, cloud, and advertising. […]
Parent anger at social media companies boils over ahead of tech CEO hearing
As the Senate convenes CEOs of social media companies on Wednesday to pursue them over online harm to children, parents and advocates say the time for discussion is over and Congress must He said action was needed to protect teenagers. Thursday’s Judiciary Committee hearing will include parents who became advocates after losing children to harm […]