Sports Illustrated fails to deliver May issue after breakup with publisher: sources
A contentious breakup between Sports Illustrated and the publisher led to the magazine halting production of its May issue, leaving more than 1 million subscribers with empty mailboxes last month, the Post reported. Ta. Arena Group, whose license was revoked in January after failing to make quarterly payments of $3.75 million to rights holder Authentic […]
NYC high school employee busted for inappropriate contact with girl, 17: sources
A crooked custodian at a public high school in Queens was arrested Wednesday for having inappropriate contact with a 17-year-old student, police and law enforcement officials announced. A John Adams High School employee, whose name is being withheld pending charges, allegedly rubbed the inside of a female student’s thigh on Monday, officials said. And on […]
Red Lobster hired auction company ‘very recently’ before shutting 50 restaurants, may file for bankruptcy next week: sources
Red Lobster, which hurriedly hired a liquidation firm before unexpectedly closing dozens of stores this week, is expected to file for bankruptcy as early as Monday, the Post reported. Auction firm TAGeX Brands was recently hired to sell furniture and equipment from 50 closed Red Lobster restaurants, company founder Neil Sherman told the Post. “I’ve […]
California ICE facility has 1,900 empty beds due to COVID: sources
As Border Patrol agents in California struggle to cope with the thousands of illegal immigrants flooding into the United States each day, one entire holding facility is being used to hold just five people. The well-equipped Adelanto ICE processing center, about 130 miles northeast of Los Angeles, can hold up to 1,940 detainees, but remains […]
Poppy Harlow’s offer to stay at CNN an ‘obvious demotion’: sources
Former CNN This Morning anchor Poppy Harlow has parted ways with the struggling cable news network after rejecting a “clear demotion” from boss Mark Thompson, the Post reported. Thompson, who took over last year from ousted CNN chief Chris Licht, offered Harlow the role of chief business correspondent and stand-in anchor after the morning show […]
Elon Musk’s xAI could be valued at higher-than-expected $20B as investor demand surges: sources
Elon Musk’s new AI startup could receive a higher-than-expected valuation of $20 billion in its first funding round, with investor demand surging as the process nears completion, the post says. I got it on paper. Musk’s xAI (which powers the sneaky Grok chatbot) could raise $7 billion to $8 billion at its lofty valuation as […]
ChatGPT maker OpenAI to unveil Google search competitor on Monday: sources
OpenAI plans to unveil an artificial intelligence-powered search product on Monday, raising the stakes in its competition with search giant Google, according to two people familiar with the matter. Announcement date is subject to change, but has not been previously reported.with bloomberg Information has been reported Microsoft-backed OpenAI is said to be working on a […]
FDIC probe finds widespread sexual misconduct: sources
A damning independent report released Tuesday says the Federal Deposit Insurance Corporation must undergo sweeping reforms to address widespread sexual harassment and other misconduct, raising questions about the future of the banking regulator’s leadership. is being cast. The report, conducted in November in the wake of a Wall Street Journal investigation, cited testimony from more […]
Apollo-Sony bid for Paramount could face antitrust hurdles from feds: sources
Apollo Global Management and Sony’s proposed takeover of Paramount Global Inc. faces significant hurdles in passing through Democratic-led federal regulators amid antitrust concerns, the company learned. Paramount, which closed exclusive merger talks with Skydance Media last Friday, owns the CBS network, its Hollywood studios and 28 local stations, including 17 CBS affiliates in markets such […]
ABC News boss Kim Godwin ‘badmouthing’ new boss was ‘last straw’: sources
ABC News president Kim Godwin resigned under pressure after she was found to have “bad-mouthed” her new boss, a move that echoed bad decisions including last week’s botched firing of weather forecaster Rob Marciano. It was the “final coup de grace” for the “collective body” of the United States, the Post reported. Godwin, the first […]