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College Football Playoff expansion boosts advertising, viewership at Disney

College Football Playoff expansion boosts advertising, viewership at Disney

Donovan Edwards #7 of the Michigan Wolverines hurdles a tackle attempt by Michael Taaffe #16 of the Texas Longhorns during the first half of a college football game at Michigan Stadium on September 07, 2024 in Ann Arbor, Michigan.  Aaron J. Thornton | Getty Images Sport | Getty Images The expanded College Football Playoff format […]

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Comcast’s cable network spinoff may be a signal to the media industry for necessary change

Comcast’s cable network spinoff may be a signal to the media industry for necessary change

Nikolas Kokovlis | Nurphoto | Getty Images Comcast shares posted modest gains Wednesday after the company announced its plan to spin off all of NBCUniversal’s cable networks — except Bravo — into a separately publicly traded entity. Investors’ initial shrug at the proposed transaction underscores the uncertainty of the maneuver. The hope for Comcast is

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Comcast will announce the spinoff of cable networks Wednesday, CNBC source says

Comcast will announce the spinoff of cable networks Wednesday, CNBC source says

The Comcast NBC logo is shown on a building in Los Angeles, California, June 13, 2018. Mike Blake | Reuters Comcast is moving forward with the spinoff of its cable network channels, a person familiar with the matter told CNBC’s Julia Boorstin on Tuesday. The separation is expected to take about a year, and an

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Netflix ad-supported tier has 70 million monthly users two years after launch

Netflix ad-supported tier has 70 million monthly users two years after launch

People wait in a line to enter “The Lab,” a “Stranger Things” Netflix series experience in Madrid on June 2, 2022. Beata Zawrzel/ | Nurphoto | Getty Images Netflix’s cheaper, ad-supported tier has reached 70 million global monthly active users two years after it was launched. The company said Tuesday more than 50% of its

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MLB, Braves object to Diamond Sports reorganization plan, question company’s future viability

MLB, Braves object to Diamond Sports reorganization plan, question company’s future viability

A Major League Baseball logo at Angel Stadium in Anaheim, California, May 22, 2022. Ronald Martinez | Getty Images Major League Baseball and the Atlanta Braves have raised issues with the reorganization plan and future viability of Diamond Sports Group, the country’s largest owner of regional sports networks, according to a Friday bankruptcy court filing.

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Sony raises guidance on gaming strength, quarterly operating profit beats estimates

Sony raises guidance on gaming strength, quarterly operating profit beats estimates

Sony’s PlayStation 5. Thiago Prudencio | Lightrocket | Getty Images Sony raised sales guidance for the full year on Friday and posted operating profit that smashed analyst expectations after a strong quarter for its gaming business. Here’s how the company did in the September quarter, versus LSEG consensus estimates: Revenue: 2.97 trillion Japanese yen ($19.4

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Sony raises guidance on gaming strength, quarterly operating profit beats estimates

Sony reports 69% jump in operating profit, beating expectations

Sony’s PlayStation 5. Thiago Prudencio | Lightrocket | Getty Images Sony reported a 69% jump in operating profit Thursday, smashing analyst expectations. Here’s how the Japanese tech giant did in the September quarter, versus LSEG consensus estimates: Operating profit: 445.1 billion yen ($2.91 billion), versus 336.07 billion yen expected. That’s up 69% year-over-year and beats analyst

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