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Embattled ABC News President Kim Godwin steps down: sources

ABC News President Kim Godwin announced Sunday night that she is resigning after facing intense scrutiny from company executives over her performance. And months after she was stripped of many of her powers, her associates confirmed to the Post. “I have decided to retire from broadcast journalism,” Godwin said in a staff memo obtained by […]

Layoffs at Byron Allen’s media company will hit 12% of workforce: sources

Job cuts at Byron Allen’s media company this week will affect about 300 employees, or 12% of the company’s 2,500-strong workforce, the Post reported. The layoffs at Allen Media, which operates the Weather Channel and owns 12 cable networks and 27 ABC, CBS, Fox and NBC television stations in 21 markets, are the first in […]

Rep. Cuellar of TX indicted by DOJ: sources

The Department of Justice on Friday indicted Democratic Representative Henry Cuellar of Texas on charges of conspiracy and bribery. Mr. Cuellar’s wife, Imelda, was also charged in an investigation into allegedly accepting $600,000 in bribes from an Azerbaijan-based energy company and a Mexican bank to promote the former Soviet republic’s interests in the United States. […]

Paramount won’t extend exclusive deal period with Skydance: sources

Paramount Global is closing its deal with Skydance Media as it awaits a response from Sony Pictures Entertainment and private equity firm Apollo Global Management to its proposal to buy the entertainment giant for $26 billion, according to people familiar with the matter. It is unlikely that a contract will be reached after 30 days […]