media-Brands

Corus Entertainment ‘aggressively’ cutting costs, laying off more employees as revenue slumps

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Corus Entertainment ‘aggressively’ cutting costs, laying off more employees as revenue slumps

As revenue slumps from a “challenging advertising environment,” Canadian media company Corus Entertainment — which houses brands like Global News and YTV — is “aggressively” cutting costs, continuing layoffs and shutting down parts of its business. In the company’s third-quarter earnings call on Monday, co-chief executive officer John Gossling said that by the end of August, Corus expects it will have … Read more

Elon Musk’s X, Australia government clash over order to take down church stabbing video

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Elon Musk’s X, Australia government clash over order to take down church stabbing video

Elon Musk lashed out at Australia’s prime minister on Tuesday after a court ordered his social media company X to take down footage of an alleged terrorist attack in Sydney, and said the ruling meant any country could control “the entire internet.” At a hearing overnight, Australia’s Federal Court ordered X, formerly called Twitter, to … Read more

Sports Illustrated to continue print editions under reported 10-year deal with new publisher

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Sports Illustrated to continue print editions under reported 10-year deal with new publisher

Sports Illustrated will resume publishing after its owner reached a new rights deal with digital media company Minute Media, which will reportedly operate the magazine for at least 10 years. Monday’s announcement comes nearly two months after owner Authentic Brands terminated its publishing deal with The Arena Group, which led to mass layoffs at the venerable sports … Read more