Comcast is moving forward with plans to spin off its NBCUniversal cable television networks including MSNBC and CNBC, sources say, shedding a once core part of the business that has been a casualty of the streaming video revolution. The company last month told investors it was evaluating hiving off its cable networks into a separate company owned by … Read more
Bob Iger’s Disney and other entertainment giants have reportedly resumed their ad spending on Elon Musk’s X — a year after the billionaire told companies that fled his social media platform to “go f— yourself.” Disney, Comcast, Lionsgate Entertainment and Warner Bros. Discovery have spent roughly $3.3 million on ad buys on X this year, … Read more
NBC “Nightly News” anchor Lester Holt could retire next year — and his would-be successor, Tom Llamas, “waits impatiently” for his exit in what looks like a “slow motion coup d’état” at 30 Rock, according to a report. Holt, who is reportedly earning a hefty wage of around $10 million per year, has been anchoring … Read more
Paramount Global recently held talks with Comcast on joining forces for a streaming deal, the Wall Street Journal reported Friday, citing people familiar with the matter. The two companies discussed a streaming partnership or joint venture for Paramount+ and Peacock, among several strategic options Paramount was pursuing, the report said. The development comes after Fox, Walt Disney’s ESPN and … Read more
Merger talks between David Zaslav of Warner Bros. Discovery and the people over at Paramount are at a “very early stage,” I am told. So is the air of desperation for both parties and the media industry in general. If you haven’t noticed, this isn’t a great time to be running a media company. For … Read more
Comcast Comcast, alongside several other big corporations, has recently suffered a devastating data breach. According to reports, it’s possible that hackers got their hands on the data of up to 36 million Comcast Xfinity customers, meaning the company’s cable television and internet department. Although the company is pretty tight-lipped about it, the data breach occurred … Read more
