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CNBC Media News
May 29, 2024

Nelson Peltz sells entire Disney stake weeks after losing proxy battle
In early April, Trian's Peltz lost a proxy battle at Disney as shareholders reelected the company's full slate of board nominees.

CNBC Media News
May 23, 2024

Warner Bros. Discovery's NBA rights offer could put it in competition with Amazon, not NBC
Warner Bros. Discovery may be more interested in going after an NBA package earmarked for Amazon than on games slated for NBCUniversal, sources say.

CNBC Media News
May 22, 2024

Vivek Ramaswamy's stake in BuzzFeed sends shares up 20%, as he seeks strategic 'shift'
Former GOP presidential hopeful Vivek Ramaswamy had a successful career as an entrepreneur and is devoting some of his wealth to the struggling media outlet.

CNBC Media News
May 22, 2024

Vivek Ramaswamy Buzzfeed stake sends shares up 20%, seeking strategic 'shift'
Former GOP presidential hopeful Vivek Ramaswamy had a successful career as an entrepreneur and is devoting some of his wealth to the struggling media outlet.

CNBC Media News
May 22, 2024

Vivek Ramaswamy goes activist with Buzzfeed stake, seeks strategic 'shift'
Former GOP presidential hopeful Vivek Ramaswamy had a successful career as an entrepreneur and is devoting some of his wealth to the struggling media outlet.

CNBC Media News
May 18, 2024

Media giants lean on sports as Hollywood strikes still loom over content slates
Media companies charming advertisers during the Upfront meetings let sports take center stage as content slates still suffer from last year's Hollywood strikes.

CNBC Media News
May 16, 2024

The NBA is picking its TV partners — and a deal hinges on Warner Bros. Discovery's next move
Warner Bros. Discovery's latest talks with the NBA could turn into a legal battle if the league decides to sign an agreement with NBCUniversal, sources said.

CNBC Media News
May 16, 2024

The NBA is picking its next TV partners — and a deal hinges on Warner Bros. Discovery's next move
Warner Bros. Discovery's latest talks with the NBA could turn into a legal battle if the league decides to sign an agreement with NBCUniversal, sources said.

CNBC Media News
May 15, 2024

Netflix to stream Christmas Day NFL games for three years
Netflix is taking its most significant live step yet into live sports with a deal to stream NFL games on Christmas Day.

CNBC Media News
May 14, 2024

Comcast offers subscribers Peacock, Netflix and Apple TV bundle
The announcement comes as major media players, like Disney and Warner Bros. Discovery, increasingly join forces to boost subscriptions for streaming services.

CNBC Media News
May 14, 2024

Why OpenAI is the first company to be No. 1 on the CNBC Disruptor 50 list two years in a row
OpenAI repeats as the No. 1 company on the 2024 CNBC Disruptor 50 list as AI redefines the way VCs, startups and market giants invest, interact and compete.

CNBC Media News
May 13, 2024

Media companies look to woo advertisers as spending shifts to digital
Media giants are gearing up to woo advertisers at the annual Upfronts this week. Here's what the media landscape looks like in a moment of disruption.

CNBC Media News
May 09, 2024

Sinclair explores selling roughly 30% of its broadcast stations, sources say
Sinclair is looking to sell a chunk of its 185 broadcast stations, according to people familiar with the matter.

CNBC Media News
May 09, 2024

Warner Bros. Discovery misses first-quarter estimates despite streaming growth
Warner Bros. Discovery reported first-quarter earnings before the bell on Thursday.

CNBC Media News
May 08, 2024

Disney, Warner Bros. Discovery to bundle streaming services
Disney and Warner Bros. Discovery plan to bundle their streaming services, Disney , Hulu and Max.

CNBC Media News
May 07, 2024

The streaming future Disney promised is finally here as cable TV decays
Disney's second-quarter results showed an improving streaming business and a rapidly declining linear TV unit

CNBC Media News
May 03, 2024

Skydance bid for Paramount hinges on Shari Redstone as special committee ends exclusive talks
Skydance is likely to walk away from its Paramount offer unless controlling shareholder Shari Redstone reaffirms her commitment following the Apollo-Sony bid.

CNBC Media News
May 02, 2024

Sony and Apollo send letter expressing interest in $26 billion Paramount buyout as company mulls Skydance bid
Sony and Apollo expressed formal interest in a Paramount Global buyout as Paramount's special committee is prepared to give its recommendation to Skydance.

CNBC Media News
May 01, 2024

Bally Sports regional networks go dark for Comcast cable customers
Carriage negotiations between Comcast and Diamond Sports broke down, leaving cable customers without access to Bally Sports regional networks during MLB season.

CNBC Media News
Apr 30, 2024

NBC Sports could buy back rights to iconic theme song 'Roundball Rock' if it airs NBA games again, composer John Tesh says
NBC Sports can license the rights to John Tesh's famous "Roundball Rock" theme song if it secures a new NBA media package, Tesh said in an e-mail.

CNBC Media News
Apr 29, 2024

Paramount says CEO Bob Bakish is stepping down, will be replaced by a trio of executives
Paramount Global CEO Bob Bakish is out, the company announced Monday, as merger negotiations with Skydance Media continue.

CNBC Media News
Apr 29, 2024

Skydance extends final offer to Paramount as merger talks stick on a possible shareholder vote
Paramount Global is set to remove Bob Bakish as CEO on Monday; Skydance makes its best and final offer.

CNBC Media News
Apr 29, 2024

Peacock streaming subscription prices to increase by $2 ahead of the Summer Olympics
Comcast's streaming service Peacock will see a price increase of $2 this summer.

CNBC Media News
Apr 29, 2024

Pittsburgh Pirates, Penguins launch streaming service for local games
The regional sports network that airs Pirates and Penguins game is launching a streaming service priced at $17.99 a month.

CNBC Media News
Apr 29, 2024

Shari Redstone is playing M&A war games with removal of Paramount CEO Bob Bakish
Paramount Global is set to remove Bob Bakish as CEO on Monday, putting shareholders to the test on how they want to see the company proceed.

CNBC Media News
Apr 27, 2024

Paramount CEO Bob Bakish could be out as soon as Monday as Skydance merger talks continue
Paramount Global reports its quarterly earnings Monday.

CNBC Media News
Apr 25, 2024

Paramount and Skydance inch closer to a merger as key hurdle looms, sources say
Paramount Global and Skydance are getting closer to final terms on a merger agreement, sources told CNBC, but a renewal with Charter remains an obstacle.

CNBC Media News
Apr 25, 2024

Paramount and Skydance inch closer to a merger as key hurdle looms
Paramount Global and Skydance are getting closer to final terms on a merger agreement, but a renewal with Charter remains an obstacle.

CNBC Media News
Apr 25, 2024

Comcast beats earnings estimates even as it sheds more broadband subscribers
Comcast will report first-quarter earnings before the bell. Wall Street will be paying attention to broadband and Peacock subscriber numbers.

CNBC Media News
Apr 23, 2024

E.W. Scripps exploring sale of Black-culture broadcast network Bounce TV
E.W. Scripps has received inbound interest in its Black-culture network Bounce TV, CEO Adam Symson said in an exclusive CNBC interview.

CNBC Media News
Apr 22, 2024

Disney technology executive Aaron LaBerge to leave company for personal reasons
Disney Entertainment CTO Aaron LaBerge is leaving the company for personal reasons, according to a company memo. A search for his replacement is underway.

CNBC Media News
Apr 18, 2024

Netflix forces Wall Street to focus on profit and revenue with decision to stop reporting subscriber numbers in 2025
Netflix will no longer report its quarterly subscriber additions, a sign that the benefits of its password-sharing crackdown may be ending.

CNBC Media News
Apr 18, 2024

NBA's exclusive TV rights negotiating window with ESPN, Warner expected to pass without a deal
The NBA's exclusive window with incumbent media partners Disney and Warner Bros. Discovery will expire April 22 without a signed deal, according to sources.

CNBC Media News
Apr 17, 2024

Vince McMahon is taking vacations and in touch with Trump as WWE tries to move on from scandal-plagued ex-CEO
McMahon resigned as executive chairman of the WWE earlier this year after a former employee, Janel Grant, accused him of sexual abuse and trafficking.

CNBC Media News
Apr 17, 2024

Comcast launches prepaid and month-to-month internet and phone plans
Comcast announced Wednesday it is launching NOW, a new prepaid and month-to-month streaming and phone plan aimed at lower-income customers.

CNBC Media News
Apr 05, 2024

Skydance's unique offer for Paramount Global would give it a large stake while keeping the company public
The unusual transaction Skydance is offering Paramount Global isn't ideal for shareholders, but it may be better than nothing.

CNBC Media News
Apr 04, 2024

Disney beat back activist investor Nelson Peltz. Now the real work begins
Disney CEO Bob Iger has a year to show investors they were right to back him and the board over Trian Partners' Nelson Peltz.

CNBC Media News
Apr 03, 2024

Disney wins proxy fight against activist investor Nelson Peltz, as shareholders reelect full board
Trian Capital has waged a proxy fight against Disney to land two board seats. Disney shareholders rejected the effort.

CNBC Media News
Apr 03, 2024

Disney wins proxy fight with Nelson Peltz's Trian Partners, as shareholders reelect full board
Trian Capital has waged a proxy fight against Disney to land two board seats. Disney shareholders rejected the effort.

CNBC Media News
Apr 03, 2024

Disney shareholders to decide Nelson Peltz's board fate at annual meeting
Trian Capital has waged a proxy fight against Disney to land two board seats. Disney shareholders will vote yes or no at Wednesday's board meeting.

CNBC Media News
Apr 02, 2024

Disney's largest shareholder Vanguard reportedly backing management over Peltz in board fight
Vanguard has voted for Disney management ahead of Wednesday's shareholder meeting, Bloomberg News reported citing people familiar.

CNBC Media News
Apr 02, 2024

Private equity firm Silver Lake to take entertainment company Endeavor private at $27.50 a share
Private equity firm Silver Lake announced Tuesday that it's acquiring entertainment company Endeavor Group Holdings for $27.50 a share.

CNBC Media News
Apr 02, 2024

Disney versus Nelson Peltz vote hinges on Vanguard, State Street, institutional investors
The Disney proxy fight pits Trian Partners' Nelson Peltz against the board and CEO Bob Iger.

CNBC Media News
Apr 02, 2024

Disney board seat for Nelson Peltz hinges on Vanguard, State Street, institutional investors
The Disney proxy fight pits Trian Partners' Nelson Peltz against the board and CEO Bob Iger.

CNBC Media News
Apr 01, 2024

Two Warner Bros. Discovery directors resign after antitrust probe
Steven Miron and Steven Newhouse resigned from the Warner Bros. Discovery board of directors, effective immediately.

CNBC Media News
Apr 01, 2024

How Dana Walden could defy critics and become Disney's first female CEO
Walden has proven herself as a top TV executive, but some ex-Disney executives question whether her resume is suitable for the Disney CEO job.

CNBC Media News
Mar 21, 2024

ESPN's model is eroding. Past and present execs are split on how it can protect its dominance
CNBC spoke with ESPN chief Jimmy Pitaro, former Disney CEO Bob Chapek, and former ESPN President John Skipper as part of a digital documentary on ESPN's future.

CNBC Media News
Mar 21, 2024

ESPN's model is eroding. Insiders are split on the plan to return it to dominance
CNBC spoke with ESPN chief Jimmy Pitaro, former Disney CEO Bob Chapek, and former ESPN President John Skipper as part of a digital documentary on ESPN's future.

CNBC Media News
Mar 21, 2024

Advisory firm ISS tells Disney shareholders to side with Nelson Peltz in proxy fight
Peltz and his firm, Trian Fund Management, have asked investors to nominate him and former Disney Chief Financial Officer Jay Rasulo to the board.

CNBC Media News
Mar 21, 2024

How ESPN executives plan to survive the demise of cable TV
CNBC spoke with ESPN chief Jimmy Pitaro, former Disney CEO Bob Chapek, and former ESPN President John Skipper as part of a digital documentary on ESPN's future.

CNBC Media News
Mar 21, 2024

Former Disney CEO Bob Chapek breaks silence, says there's no strategic need for ESPN partners
Former Disney CEO Bob Chapek spoke to CNBC about ESPN and its future in his first public comments since his 2022 firing.

CNBC Media News
Mar 19, 2024

George Lucas backs Disney CEO Bob Iger in proxy fight with Nelson Peltz
The support from the George Lucas endorsement is key, because he's Disney's largest individual shareholder, but also because of his standing in Hollywood.

CNBC Media News
Mar 14, 2024

How far does Gulf money go? An Abu Dhabi-backed newspaper buyout attempt is sparking panic in London
"You cannot separate sheikh and state," one Conservative member of Britain's Parliament said of the deal.

CNBC Media News
Mar 12, 2024

88% of women say they're ambitious, but only 20% say their career advanced in the past year
CNBC's annual SurveyMonkey Women at Work study revealed a female workforce that's frustrated with more work and less work-life balance.

CNBC Media News
Mar 12, 2024

Disney paid shareholder ValueAct millions in fees as part of a prior relationship
Blackwells Capital says that Mason Morfit's ValueAct has collected $95 million in fees to manage Disney pension funds prior to backing management.

CNBC Media News
Mar 11, 2024

Disney paid ValueAct millions in fees before winning its support in proxy fight, activist says
Blackwells Capital says that Mason Morfit's ValueAct has collected $95 million in fees to manage Disney pension funds prior to backing management.

CNBC Media News
Feb 28, 2024

CNBC Changemakers: Fortune 500 CEOs, Naomi Osaka and Alex Cooper share a success secret
These 50 women leaders are innovating at the largest companies, startups and nonprofits. CNBC spotlights how they are changing the global economy and society.

CNBC Media News
Feb 27, 2024

Warner Bros. Discovery halts merger talks with Paramount Global, sources say
Warner Bros. Discovery has paused merger discussions with Paramount Global as the company trades at a 52-week low, sources told CNBC.

CNBC Media News
Feb 26, 2024

Altice USA shares spike 36% on report Charter is considering acquisition
Altice USA shares rose as much as 50% after reports Charter is considering a takeover.

CNBC Media News
Feb 26, 2024

Altice USA shares spike 50% on report Charter is considering acquisition
Altice USA shares rose as much as 50% after reports Charter is considering a takeover.

CNBC Media News
Feb 23, 2024

Warner Bros. Discovery shares drop 10% as company misses estimates, warns of 2024 cash flow headwinds
Warner Bros. Discovery boosted free cash flow but the company fell short of analyst estimates for revenue and profit.

CNBC Media News
Feb 23, 2024

Warner Bros. Discovery is hyping free cash flow. Investors don't appear to be buying it
Warner Bros. Discovery Chief Executive Officer David Zaslav has championed generating free cash flow for more than a year, but investors may not care.

CNBC Media News
Feb 23, 2024

Warner Bros. Discovery shares drop 12% as company misses estimates, warns of 2024 cash flow headwinds
Warner Bros. Discovery boosted free cash flow but the company fell short of analyst estimates for revenue and profit.

CNBC Media News
Feb 23, 2024

Warner Bros. Discovery misses estimates for revenue and profit but boosts free cash flow
Warner Bros. Discovery boosted free cash flow but the company fell short of analyst estimates for revenue and profit.

CNBC Media News
Feb 20, 2024

FuboTV sues Disney, Fox, Warner Bros. over sports joint venture
FuboTV cited what it calls "extreme suppression of competition in the U.S. sports-focused streaming market."

CNBC Media News
Feb 15, 2024

Pay TV distributors may be planning their attack against new sports joint venture
The key question for pay TV distributors such as Comcast, Charter and DirecTV is whether they'll be able to offer the same sports bundle as the joint venture.

CNBC Media News
Feb 13, 2024

Paramount Global lays off about 800 employees, a day after announcing record Super Bowl ratings
Paramount Global CEO Bob Bakish announced the company will lay off hundreds of employees Tuesday, just a day after CBS announced Super Bowl viewing records.

CNBC Media News
Feb 09, 2024

How the NFL is transforming the media business with streaming
While the NFL has been the most popular show on turf, now, it's gaining traction as one of the greatest shows on the internet.

CNBC Media News
Feb 09, 2024

How streaming is changing the NFL's business
While the NFL has been the most popular show on turf, now, it's gaining traction as one of the greatest shows on the internet.

CNBC Media News
Feb 07, 2024

Wall Street loves Disney's kitchen-sink quarter, but Nelson Peltz says he isn't backing down
Disney shares jumped after announcements meant to excite investors while activist investor Nelson Peltz tells CNBC he is pushing forward with a proxy fight.

CNBC Media News
Feb 07, 2024

ESPN will launch its own streaming service in fall 2025, alongside joint venture
In a long anticipated announcement, ESPN has set the date for the launch of its flagship direct-to-consumer streaming service for the fall of 2025.

CNBC Media News
Feb 07, 2024

New sports streaming bundle could be a 'monster' — or a dud. Here are the biggest remaining questions
Disney, Warner Bros. Discovery and Fox are launching a joint sports streaming platform, but it remains to be seen how appealing it is to consumers.

CNBC Media News
Feb 07, 2024

ESPN will launch its flagship direct-to-consumer service in the fall of 2025
In a long anticipated announcement, ESPN has set the date for the launch of its flagship direct-to-consumer streaming service for the fall of 2025.

CNBC Media News
Feb 06, 2024

ESPN, Fox and Warner Bros. Discovery to launch joint sports streaming platform this year
Disney, Fox and Warner Bros. Discovery plan to launch the service as media companies move away from traditional cable viewing of sports games.

CNBC Media News
Feb 03, 2024

Why Shari Redstone is trying to sell Paramount — and why she needs the right deal
Personal and financial motivations for Shari Redstone have added complexity to discussions regarding the sale of Paramount.

CNBC Media News
Jan 31, 2024

Byron Allen, offering $14 billion for Paramount, has a long history of media bids that haven't materialized
Allen previously explored deals to buy ABC, television station operator Tegna and the National Football League's Washington Commanders.

CNBC Media News
Jan 25, 2024

Paramount CEO announces layoffs as cost pressures, take-private talks build
Paramount Global announced layoffs, as the company tries to cut costs while it faces acquisition interest.

CNBC Media News
Jan 25, 2024

Comcast shares rise on earnings beat, better than expected broadband performance
Comcast beat earnings estimates and raised its dividend by 7% as broadband subscribers fell less than analysts expected.

CNBC Media News
Jan 25, 2024

Comcast tops revenue and profit estimates despite broadband subscriber losses, raises dividend by 7%
Comcast beat earnings estimates and raised its dividend by 7% as broadband subscribers fell less than analysts expected.

CNBC Media News
Jan 24, 2024

David Ellison's Skydance Media explores acquiring all of Paramount Global, sources say
Skydance has discussed acquiring National Amusements, the holding company of Paramount Global, but those talks are contingent on a larger deal, sources said.

CNBC Media News
Jan 23, 2024

WWE deal doesn't mean Netflix will invest more in sports, co-CEO says
Netflix co-CEO Ted Sarandos clarified that WWE is "sports entertainment" and not live sports.

CNBC Media News
Jan 23, 2024

Netflix is preparing investors and users for more price hikes in 2024
Netflix laid the groundwork for more price hikes on page six of its quarterly shareholder letter.

CNBC Media News
Jan 23, 2024

Netflix to stream WWE's Raw starting next year in its biggest jump into live entertainment
Netflix adds WWE Raw after making only a few forays into live programming in its history.

CNBC Media News
Jan 18, 2024

Nelson Peltz is launching a blitz on Disney. Here's what he says is next in his proxy fight
Trian Fund Management will amp up its case to get Nelson Peltz and Jay Rasulo elected to the Disney board in the coming months.

CNBC Media News
Jan 18, 2024

Nelson Peltz states his case for joining the Disney board
The proxy battle comes as CEO Bob Iger tries to streamline the sprawling media company to rein in spending and make its Disney streaming platform profitable.

CNBC Media News
Jan 10, 2024

The Messenger is counting on a sudden and dramatic advertising turnaround to survive
CNBC obtained a copy of The Messenger's slide deck for potential investors. It includes a forecast that showcases a dramatic improvement in ad revenue.

CNBC Media News
Jan 05, 2024

Radio shows surprising resilience even in a rapidly changing media world
Radio has leaned on loyal local audiences over the years. It also has the appeal of offering tickets and other prizes in call-in contests.

CNBC Media News
Dec 28, 2023

Cheddar News sold by Altice USA to media company Archetype
Terms of the deal were not officially disclosed, but a person familiar with the matter told CNBC it is structured as a so-called "earn out" deal.

CNBC Media News
Dec 26, 2023

2024 is shaping up to be the year of the streaming bundle
Media companies could end up embracing more bundles as they seek to reverse streaming losses.

CNBC Media News
Dec 21, 2023

James Gorman talks Disney succession, proxy fight as he gears up to join board
Gorman won praise for managing the CEO succession process at Morgan Stanley.

CNBC Media News
Dec 20, 2023

Warner Bros. Discovery merger talks with Paramount Global may draw out NBCUniversal
Warner Bros. Discovery's merger talks with Paramount Global may bring NBCUniversal to the table.

CNBC Media News
Dec 20, 2023

Warner Bros. Discovery and Paramount Global in early merger talks
Paramount Global's controlling shareholder, Shari Redstone, is reportedly eager for a deal partner.

CNBC Media News
Dec 20, 2023

Big M&A and Bob Iger's future: 13 media executives make their anonymous 2024 predictions
It's the third annual anonymous media predictions list: 13 media, sports and entertainment executives make their best 2024 industry-shaking predictions.

CNBC Media News
Dec 19, 2023

Will 2024 bring good tidings to media and telecom companies? That's unlikely
It's human nature to be optimistic entering a new year, but it's hard not to view 2024 as a year of uncertainty for media and telecommunications companies.

CNBC Media News
Dec 18, 2023

Marvel drops actor Jonathan Majors after assault conviction, source says
Jonathan Majors is out at Marvel after his misdemeanor assault and harassment conviction. He was set to be the central villain of the MCU's next phase.

CNBC Media News
Dec 14, 2023

Trian nominates Peltz and former Disney exec to media giant's board
Trian, which is run by Peltz, has criticized Disney's board for what it calls missteps and poor financial management.

CNBC Media News
Dec 12, 2023

After years of resisting, Netflix releases viewing statistics for nearly all titles
Netflix revealed viewership statistics for more than 18,000 shows and movies for the first time ever.

CNBC Media News
Dec 11, 2023

Altice USA in talks to sell Cheddar News to private equity firm Regent
Altice USA is in talks to sell financial streaming news service Cheddar to a private equity firm.

CNBC Media News
Dec 08, 2023

Paramount shares jump after reports of takeover interest
Paramount shares surged Friday following reports that RedBird and Skydance were exploring a potential takeover.

CNBC Media News
Dec 06, 2023

Disney adding Hulu integration as streaming bundles accelerate
Disney had previously offered a bundle of Disney and Hulu, but Wednesday's release is part of a push to integrate the two platforms.

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