Latest Business News

Telemundo Responds To SAG-AFTRA’s Accusation Of Censorship For Not Airing Ad Critical Of NBCUniversal

SAG-AFTRA NBCUniversal Telemundo ad

UPDATED with Telemundo statement, 6:55 PM: A Telemundo spokesperson just issued a statement about why it rejected a SAG-AFTRA ad critical of its parent, NBCUniversal: "After legal review, we have concluded the ad did not pass legal standards for issued based advertisement. “We remain committed to making Telemundo a great place to work for our employees and will continue to invest in them to ensure their salaries and working conditions are competitive. “At Telemundo we… Read

AT&T, HBO Ink All-Platform Content Deal; Programming Set For OTT Service

AT&T DirecTV Merger

Ahead of AT&Ts expected Q4 launch of DirecTV Now, the telecom giant has signed an all-platform deal with HBO. The pact extends the companies’ existing contract and will make HBO and Cinemax content available on the forthcoming OTT service. Financial terms were not revealed. In addition to bringing shows like HBO's Emmy-winnng Game of Thrones and Veep to DirecTV Now, HBO and Cinemax content also will be part of AT&T mobile video bundle offers. Details about those are… Read

Sumner Redstone Agrees To Meet With Granddaughter In Court Settlement

Sumner Redstone 2013 AP

Sumner Redstone will meet face-to-face with his granddaughter Keryn as part of a wide-ranging resolution of several disputes raised at the Massachusetts Probate and Family Court. The agreement also cleared all objections to former Viacom CEO Philippe Dauman and director George Abrams’ effort to back away from the bitter legal battle they launched after May 20 when Sumner ousted them from his seven-member family trust and the board of National Amusements. Last week they… Read

Viacom Board Voices Confidence In Paramount’s Brad Grey After Thursday Grilling By Board

'Whiskey Tango Foxtrot' film premiere, New York, America - 01 Mar 2016

In December, Brad Grey and his crew at Paramount Pictures were closing up a miserable quarter. Filmed entertainment revenue at the studio's Viacom parent – which mostly reflects Paramount's performance – was down 15 percent, to $612 million from $720 million in the year-earlier quarter. Theatrical sales, some from the late-year release of The Big Short, were off 44 percent from the year before, when Interstellar was a contributor. Domestic theatrical sales had slid even… Read

Massachusetts Judge Calls On Redstones To Settle Family Dispute Privately

Sumner Redstone Shari Redstone

Massachusetts Probate and Family Court Judge George Phelan asked lawyers for Sumner Redstone, his daughter Shari Redstone and granddaughter Keryn Redstone to try to work out a deal with remediation to resolve disputes over Keryn’s role in the family and its trust. The 93-year-old mogul “may not have that much time on this earth, but many of the others involved certainly do,” the judge said. “If we can resolve this in a way that provides some comfort for Sumner, for Keryn… Read

Nielsen Pegs TV Households At 118.4M For 2016-17 Season

Nielsen Logo

Nielsen has a new denominator for its computation of TV ratings in the 2016-17 TV season. It increased its National Television Household Universe figure by 1.7% to 118.4 million homes. That translates into a 0.8% increase, to 96%, in the percent of households that receive traditional TV signals from broadcast, cable, DBS, telco or broadband. The number of persons over age 2 in those homes is up 1.6% to 301.7 million.The ratings company adds that it sees increases in the… Read

Tronc Shares Soar On Report That Gannett Sweetened Its Offer Again

Tronc Logo

Shares in Los Angeles Times publisher Tronc are up more than 7% this morning — and touched a 52-week high of $17.53 — following a report that Gannett has sweetened its acquisition offer to more than $18. That means it’s “no longer a question of whether to sell or not, but for how much,” analyst Ken Doctor says in Politico. Gannett CEO Bob Dickey made the new offer in person at a meeting in L.A. with Tronc Chairman Michael Ferro and CEO Justin Dearborn, Doctor says citing… Read

‘Strangers On A Train’ Gets A Redo In Leslye Headland’s ‘The Layover’

Annie Parisse and Adam Rothenberg in 'The Layover' by Leslye Headland.

It’s boom time for ’50s mistress of intrigue Patricia Highsmith: Her roman à clef The Price Of Salt was most recently filmed as the acclaimed Cate Blanchett vehicle Carol, as The Talented Mr Ripley was, earlier, for Matt Damon. Now her Dostoevskian novel Strangers On A Train, concerned with the moral and practical possibilities of a perfect crime, has been retooled (following, of course, Alfred Hitchcock’s 1951 film version) and updated by Leslye Headland. She’s a writer… Read

Revolt CEO Keith T. Clinkscales Departs

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As Revolt is heading into its third anniversary, the music-themed digital cable network owned by Sean Combs and backed by Comcast will be looking for a new CEO. Keith T. Clinkscales, who has held the post since the channel’s inception, is leaving. COO Derek Ferguson will take oversight of the company during the search for Clinkscales’ replacement. Here is the internal memo Clinkscales just sent to the company’s staff: As we approach our third anniversary in October, I… Read

Johnny Depp & Amber Heard In New Dispute Over $7M Divorce Settlement

Amber Heard Johnny Depp

At this stage, you could call the latest legal brouhaha between Johnny Depp and Amber HeardSettlement: The ReckoningA week after Heard announced she was donating to charity the $7 million she received in the August 16 divorce settlement between the two of them, the divorcing Pirates of the Caribbean actor and Justice League actress are now at loggerheads about how that money should be paid out and even how much. “Amber Heard appreciates Johnny Depp’s novel interest… Read

Sumner Redstone: Granddaughter Lacks Standing To Challenge Viacom Settlement

Sumner Redstone

Sumner Redstone and his National Amusements (NAI) theater chain asked a Massachusetts court today to dismiss a plea by his granddaughter, Keryn, to investigate last week’s deal to settle lawsuits by former Viacom CEO Philippe Dauman. In filings ahead of a hearing tomorrow, the 93-year-old mogul’s team says that Keryn’s lawyers have “strived mightily (but unsuccessfully) to initiate their own settlement discussions through every avenue imaginable.” But the granddaughter… Read

Leslie Jones Hack Now A Homeland Security Investigation

'Ghostbusters' film premiere, Arrivals, Los Angeles, USA - 09 Jul 2016

The widespread hack of Leslie Jones' personal information and photos yesterday is now being investigated by Homeland Security, the federal department confirmed today. "ICE Homeland Security Investigations in New York does currently have an open investigation," a DHS spokesperson said Thursday. Not that the feds said much else on the matter. "As a matter of agency policy, we are unable to disclose any information related to an active investigation." Just over a month after… Read