Tag

Media Restructuring

All articles tagged with #media restructuring

business7 days ago•16 min saved

Getty Images to Go Private via Chapter 11 After Failed Shutterstock Merger

Getty Images will file for Chapter 11 bankruptcy to go private, backed by up to $533 million in new equity from affiliates of Charles Koch’s investment firm. The move follows the collapse of a $3.7 billion merger with Shutterstock due to UK regulatory hurdles. The company aims to emerge from restructuring by year-end, focusing on its core editorial business while acknowledging declines in its iStock segment due to AI disruption.

via The Hollywood Reporter|

#bankruptcy #business #getty-images

business16 days ago•22 min saved

Disney's latest 300-job cut signals deeper restructuring under D'Amaro

Walt Disney Co. has eliminated approximately 300 positions, primarily within human resources and technology, as part of a broader cost-reduction strategy. CEO Josh D'Amaro is simultaneously offering early retirement packages to executives to streamline operations under his 'One Disney' initiative.

via Yahoo Finance|

#business #disney #josh-damaro

business17 days ago•25 min saved

Disney to consolidate TV divisions in major restructuring under new CEO

Disney is planning a significant restructuring of its television operations, which is expected to result in hundreds of additional layoffs. This move follows recent cuts of approximately 300 jobs in human resources and technology, and is part of CEO Josh D'Amaro's broader strategy to consolidate divisions and prioritize streaming over traditional linear TV.

via New York Post|

#business #disney #josh-damaro

media-and-entertainment1 month ago•9 min saved

Stern Cuts Radio Schedule, Hands Channel to Cohen, and Launches HBO Max Series

Howard Stern is restructuring his media presence by reducing his SiriusXM radio schedule to one weekly show, handing over his second channel to Andy Cohen, and launching a filmed version of his show on HBO Max. The new season begins September 14, with streaming episodes debuting September 17.

via Rolling Stone|

#andy-cohen #hbo-max #howard-stern

business7 months ago•5 min saved

CBS News shutters its century-old radio arm in Bari Weiss–led makeover

CBS News will end its nearly 100-year-old radio news service on May 22, 2026, eliminating all CBS News Radio positions as part of a broader restructuring led by Editor-in-Chief Bari Weiss and CBS News President Tom Cibrowski, citing changes in the media landscape and economic pressures that require downsizing parts of the newsroom to invest in new audiences and platforms.

via Politico|

#bari-weiss #business #cbs-news

business11 months ago•2 min saved

Paramount and CBS Layoffs Affecting On-Air Talent and Executives

Paramount has announced significant layoffs affecting 10% of its workforce, including 12 jobs at KDKA-TV, as part of a company restructuring following its merger with Skydance Media, aiming to streamline operations and focus on growth.

via Pittsburgh Post-Gazette|

#business #job-cuts #kdka-tv

business1 year ago•2 min saved

NBC News Implements Staff Cuts Amid Restructuring and Ratings Challenges

NBC News is laying off about 2% of its staff, reallocating resources primarily towards expanding NBC Sports and new sports coverage initiatives, as part of its preparation for the upcoming Versant spinoff that will separate NBC's cable assets from its news division.

via Awful Announcing|

#business #media-restructuring #nbc-news-layoffs

politics1 year ago•2 min saved

Judge Blocks Kari Lake's Attempt to Fire Voice of America Director

The Trump administration has initiated the layoffs of nearly all remaining Voice of America staff, leading to a legal battle with a federal judge who previously blocked efforts to restructure the agency, amid ongoing disputes over broadcasting in multiple languages and compliance with court orders.

via The New York Times|

#federal-judge #layoffs #media-restructuring

business1 year ago•3 min saved

Comcast to Spin Off Cable Networks into New Company

Comcast is planning to spin off several NBCUniversal cable channels, including MSNBC, CNBC, and USA, into a new company led by Mark Lazarus. Meanwhile, Donna Langley will consolidate power as chairman of NBCUniversal Entertainment and Studios, overseeing NBC, Peacock, and Bravo, which remain with NBCU. This restructuring aims to streamline operations and adapt to the changing media landscape, with the spinoff expected to complete by late 2025.

via Deadline|

#business #cable-channels #comcast

media-industry2 years ago•3 min saved

"Washington Post Faces Leadership Shakeup Amid Audience Decline"

Washington Post CEO William Lewis announced the abrupt departure of executive editor Sally Buzbee and a major restructuring of the paper into three newsrooms to address declining readership and financial losses. Former Wall Street Journal editor-in-chief Matt Murray will temporarily replace Buzbee. The changes have caused significant internal turmoil, with staff expressing concerns over leadership choices and the direction of the paper.

via Fox News|

#audience-decline #media-industry #media-restructuring

business2 years ago•3 min saved

Vivek Ramaswamy Pushes Conservative Overhaul at BuzzFeed

Former Republican presidential candidate Vivek Ramaswamy has acquired an 8.37% stake in BuzzFeed and is advocating for significant changes, including staff cuts, board restructuring, and a shift towards creator-led video and audio content. Ramaswamy criticizes BuzzFeed's current strategy and calls for a focus on diverse political viewpoints. BuzzFeed CEO Jonah Peretti acknowledges the brand's undervaluation but disagrees with Ramaswamy's proposed direction, emphasizing the company's commitment to its current strategy and Pulitzer Prize-winning journalism.

via USA TODAY|

#business #buzzfeed #conservative-causes