Olympics ratings surprise: The Games are big for NBC and Peacock
The Paris Olympics have brought some joie de vivre to NBCUniversal. For the first 13 days of the Games, the Comcast Corp.-owned media company averaged 32.2 million viewers across its…
Netflix shows ‘Arcane,’ ‘Heartstopper’ leaked in security breach
A security breach at one of Netflix’s production partners caused yet-to-be-released episodes of popular shows to leak online this week. “One of our post production partners has been compromised and…
Paramount Global takes $6-billion write-down. Layoffs to hit 15% of staff
Paramount Global on Thursday reported it took a $6-billion write-down on its cable television networks business, in yet another sign that Hollywood is reckoning with the ongoing deterioration of the…
Former ‘Daily Show’ regular Roy Wood Jr. will host CNN comedy program
Comedian and actor Roy Wood Jr. is joining CNN for its U.S. remake of the British panel show “Have I Got News for You.” Wood, 45, will host the quiz…
Warner Bros. Discovery’s TV struggles come into focus as stock plunges
Warner Bros. Discovery’s sluggish performance and $9-billion write-down in the value of its cable TV channels is rattling investors, sending the beleaguered company’s stock on a steep slide. Shares fell…
Will California bill to regulate AI protect consumers or gut tech?
Aug. 8, 2024 3 AM PT California is a world leader in artificial intelligence — which means we’re expected to help figure out how to regulate it. The state is…
Warner Bros. Discovery takes huge write-down amid TV woes, NBA battle
Warner Bros. Discovery’s rough ride continued through its most recent quarter, with the company taking a $9-billion write-down to reflect the diminishing value of its struggling television channels. The David…
Disney’s streaming business is finally profitable, but parks unit lags
After years of losses totaling billions of dollars, Walt Disney Co.’s overall streaming business has reached profitability for the first time. Third-quarter results, however, were tempered by weakening demand at…
Long-running TV trade journal Broadcasting + Cable is shutting down
The media business has gotten so tough that one of its longest-running chroniclers is going away. Broadcasting + Cable, founded in 1931 as Broadcasting, will print its final issue in…
Google loses major antitrust case over search monopoly
In a major blow to Google, a federal judge on Monday ruled that the tech giant maintained and abused a monopoly on web searches. The much-anticipated decision marks a major…