Alex Sherman
World News
The digital media rollup dream is dead for the moment — now it’s all about core brand strength
BuzzFeed CEO Jonah Peretti stands in front of the Nasdaq market site in Times Square as the company goes public through a merger with a special-purpose acquisition company on December 06, 2021 in New York City.Spencer Platt | Getty ImagesWhen a marriag...
World News
Starz could turn into an ‘acquisition machine’ after Lionsgate spins it off
In this articleLGF.ALiberty Media's John MaloneMichael Kovac | Getty ImagesStarz wasn't John Malone's most successful investment. But it may be his most symbolic.The media mogul once controlled Starz as an independent company. In 2016, he merged it wit...
World News
Red Sox broadcaster becomes first regional sports network to offer standalone streaming service for games
Members of the Boston Red Sox look on during a team workout ahead of the 2021 Opening Day game on March 31, 2021 at Fenway Park in Boston, Massachusetts.Billie Weiss | Boston Red Sox | Getty ImagesThe local cable network that airs Boston's Major League...
World News
Ex-Disney CEO Bob Iger takes stake in Australian design company Canva, which has been valued at $40 billion
Bob Iger poses with Mickey Mouse attends Mickey's 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles.Valerie Macon | AFP | Getty ImagesFormer Disney CEO Bob Iger has acquired a stake in Australian design company Canva and agree...
World News
Former White House press secretary Jen Psaki will join MSNBC this fall
U.S. White House press secretary Jen Psaki speaks during a press briefing at the White House in Washington, December 20, 2021.Kevin Lamarque | ReutersJen Psaki, who left her role as President Joe Biden's press secretary earlier this month, will join ca...
World News
Elon Musk can’t just walk away from his Twitter deal by paying a $1 billion breakup fee
In this articleTWTRMusk's plan to buy Twitter has worried policymakers around the world.Joe Skipper | ReutersElon Musk can't just walk away from his deal to acquire Twitter by paying an agreed-upon $1 billion breakup fee. It's not that simple.Musk Frid...
World News
Disney may need to tell investors a new story as company warns of softer streaming growth
A performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California, U.S., on Friday, April 30, 2021.Bloomberg | Bloomberg | Getty ImagesDisney may have a storytelling problem.Although the comp...
World News
Vice Media has hired financial advisors to seek a buyer, may sell itself in pieces, sources say
Shane Smith, co-founder of Vice.CNBCVice Media, the digital media company once valued at $5.7 billion, has hired bankers to seek a sale, according to people familiar with the matter.Several buyers have expressed preliminary interest in acquiring Vice o...
World News
New Comcast-Charter streaming joint venture suggests the next chapter of the streaming wars is coming
In this articleCMCSACHTRROKUBrian Roberts, CEO of Comcast (L), and Tom Rutledge, chief executive officer of Charter CommunicationsDrew Angerer | Getty ImagesIt's easy to shrug off last week's announcement that Comcast and Charter have started a joint v...
World News
Disney executive Geoff Morrell, who helped craft response to ‘Don’t Say Gay’ law, leaves company after three months
In this articleDISDisney employee Nicholas Maldonado holds a sign while protesting outside of Walt Disney World on March 22, 2022 in Orlando, Florida. Employees are staging a company-wide walkout today to protest Walt Disney Co.'s response to controver...