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Peter Alexander exits NBC News to anchor at MS NOW
media14 days ago

Peter Alexander exits NBC News to anchor at MS NOW

NBC News veteran Peter Alexander is leaving NBC News after more than two decades to join MS NOW as anchor and chief national reporter, running a weekday program and breaking-news coverage. He will anchor MS NOW's 11 a.m. hour, succeeding Ana Cabrera as the daytime lineup shifts post-split with NBC News. Alexander is the first NBC journalist to move to MS NOW since the split; his Versant deal also covers potential sports contributions on USA Network and the Golf Channel.

via Los Angeles Times|
#media#media-industry#ms-now
Disney CEO Hand-off: Iger Passes Baton to D’Amaro as Next Moves Take Shape
business24 days ago

Disney CEO Hand-off: Iger Passes Baton to D’Amaro as Next Moves Take Shape

Bob Iger officially hands the Disney CEO baton to Josh D’Amaro, ending his return tenure; he will remain a special adviser through the end of 2026 while the successor leads, and Iger maps his post-Disney plans—sailing his yacht Aquarius and owning Angel City FC—amid ongoing speculation about his future advisory or investment roles in tech and entertainment.

via Deadline|
#bob-iger#business#ceo-transition
Inside the Today Show: insiders dispute its close-knit image as Guthrie's return looms
entertainment1 month ago

Inside the Today Show: insiders dispute its close-knit image as Guthrie's return looms

An NBC “Today” visit by Savannah Guthrie is framed as a family moment, but Daily Mail sources suggest many staffers doubt the show’s claimed close-knit culture and actually hope Guthrie doesn’t return, citing backstage politics and the lure of more screen time, even as Guthrie remains connected to her missing mother Nancy Guthrie and NBC executives navigate an uncertain return date.

via The Mercury News|
#entertainment#media-industry#nancy-guthrie
Paramount Wins WBD Bid, CNN Braces for Uncertain Future
media1 month ago

Paramount Wins WBD Bid, CNN Braces for Uncertain Future

Paramount Global emerged as the winner in a roughly $110 billion bid to acquire Warner Bros. Discovery, a deal that sparks anxiety at CNN about its future under new ownership. With Paramount declining to comment on CNN’s fate and no firm commitments from the buyer, staff fear potential shifts in editorial direction and cost-cutting, exacerbated by political pressures tied to the Ellison family’s ties to Donald Trump, as regulators and deal terms remain to be negotiated.

via Deadline|
#cnn#media#media-industry
WBD weighs rival Paramount bid against Netflix deal amid higher offer
business1 month ago

WBD weighs rival Paramount bid against Netflix deal amid higher offer

Warner Bros. Discovery says Paramount Skydance has submitted a higher bid and its board will review it under the Netflix deal. If Paramount’s offer is deemed superior, Netflix will have four days to improve its bid; Netflix previously agreed to acquire WBD’s studio and streaming assets for $27.75 per share (~$72 billion in assets, ~$82.7 billion enterprise value). Paramount’s tender values WBD at $30 per share in a hostile bid. If Paramount wins and Netflix doesn’t raise its bid, a $2.8 billion breakup fee would be paid. A combined Paramount-WBD would merge HBO Max with Paramount+, with CNN and CBS News under one umbrella, both deals needing regulatory approval amid antitrust concerns.

via CNBC|
#business#corporate-finance#entertainment-news
Warner Bros. Discovery Weighs New Paramount Skydance Offer as Netflix Deal Stays Put
business1 month ago

Warner Bros. Discovery Weighs New Paramount Skydance Offer as Netflix Deal Stays Put

Warner Bros. Discovery's board is expected to take Paramount Skydance's new bid under review while continuing to back Netflix's agreement to acquire Warner Bros. Discovery's studios and streaming unit; Netflix has a four‑day window to match Paramount's offer. The terms of the updated Paramount proposal were not disclosed, and WBD has previously rebuffed Paramount nine times, seeking clarity on a bid that could price shares above $31. Netflix's deal values WBD at about $83 billion, with Paramount's bid for the entire company reportedly near $108 billion. If Paramount's bid proceeds, Netflix would still acquire the studios and streaming assets under the current terms, while WBD shareholders would retain an equity stake in Discovery Global; financing for Paramount's bid includes major banks and investors. Netflix's Ted Sarandos has indicated willingness to walk away if the price overpays.

via Variety|
#business#manda#media-industry
DC Rally Demands Save the Washington Post After Mass Layoffs
business2 months ago

DC Rally Demands Save the Washington Post After Mass Layoffs

Hundreds of current and former Washington Post staff and supporters rallied in downtown D.C. to protest the paper's layoff of more than 300 workers, including most local reporters, photographers, and the sports desk. Critics warn the cuts will shrink local coverage as the Post pivots toward national politics and tech for revenue, while leadership says the changes aim to stabilize the business. The union is raising funds for affected workers, with more than $400,000 already contributed.

via WAMU|
#business#journalism#layoffs
Post’s massive layoffs spark fears of a historic newsroom facing a tipping point
business2 months ago

Post’s massive layoffs spark fears of a historic newsroom facing a tipping point

The Washington Post laid off nearly a third of its staff in one of the largest rounds of cuts in U.S. newspaper history, gutting major desks from sports to world news and signaling a shift toward a leaner, politics-focused operation. Editor Matt Murray says the newsroom has a plan to survive and thrive, while former editor Marty Baron warns the cuts could depress ambition and trigger a subscriber decline. The upheaval comes amid political headwinds and questions about Bezos’s ownership priorities, raising concerns about the paper’s future strategy as it competes with Politico and Axios.

via The Guardian|
#business#jeff-bezos#layoffs
Washington Post Unveils Major Newsroom Shakeup, Cutting About a Third of Staff
business2 months ago

Washington Post Unveils Major Newsroom Shakeup, Cutting About a Third of Staff

The Washington Post announced sweeping layoffs affecting roughly one-third of its workforce, with significant cuts to sports, books, podcasts, and foreign desks as part of a broader restructuring; the Washington Post Guild criticized the move as harming credibility and local coverage, following prior rounds of cuts and scrutiny over Olympic coverage, all amid industry-wide cost-cutting under owner Jeff Bezos.

via NBC News|
#bezos#business#layoffs