Los Angeles Times

The David Zaslav-led media company posted disappointing second-quarter earnings Wednesday, sending its shares tumbling in after-hours on Wall Street.

Warner Bros. Discovery takes $9-billion write-down from TV networks amid struggles

IndieWire
















Warner Bros. Discovery just realized its TV networks are worth $9.1 billion less than it originally thought, leading to a net loss of $10 billion in the second quarter of 2024.HBO, Max, and Discovery+ Now Combine for 103 Million Subscribers



The massive plummet in valuation is being recognized as a “non-cash goodwill impairment charge” primarily coming from the “Networks” section of the company. That must have been one eye-opening internal audit.



WBD blames the devastating change in value to the “difference between market capitalization and book value” due to a soft U.S. advertising market and “uncertainty” surrounding future carriage deals. And oh...

Warner Bros. Discovery Says Its TV Channels Are Worth $9 Billion Less Than It Thought

Three trade publications that have collectively covered the business of media and entertainment for decades will stop publishing in October. The move will impact the print publications, websites and staff at Broadcasting & Cable, Multichannel News and Next TV, owned by British media conglomerate Future Plc., according to a statement posted online Tuesday.

Trade publications Multichannel News, Broadcasting & Cable to shut down

The Walt Disney Company’s trio of streaming television services have turned a profit for the first time in the company’s history. Collectively, the three services — Disney Plus, Hulu and ESPN Plus — earned $47 million during the company’s third fiscal quarter (Q3, coincides with calendar Q2) of 2024. It marked a total reversal of the $512 million loss the streaming business logged during the same quarter last year.

Disney streamers earn profit in Q3, company to crack down on password sharing

Warner Bros Discovery (WBD) added 6.7 million global paying subscribers to its streaming services around the world during its second financial quarter (Q2) of the year, the company revealed on Wednesday. The additional subscribers helped WBD end the quarter with more than 103 million global paying customers of its direct-to-consumer...

WBD grows streaming subscribers, takes impairment charge after losing NBA rights

New York City, NY

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

Herbie J Pilato

Actor Buddy Ebsen, who died at age 95 in 2003, found fame by starring in two of the most popular classic television shows in history: The Beverly Hillbillies (CBS, 1962 to 1971) and Barnaby Jones (CBS, 1973 to 1980). On the Hillbillies, he played former Tennessee country mountain-folk-turned-wealthy Beverly Hills resident Jed Clampett. On Barnaby Jones, he was one of TV's most senior, slyest, health-conscious detectives. Ebsen, however, almost became even more famous for a certain big-screen classic film in which he ultimately did not appear.

'Beverly Hillbillies" Actor Buddy Ebsen Was "Bitter" about not playing the Tin Man in 'Wizard of Oz'

South Carolina State

Colleton County, SC

Explore Beaufort SC

Some beachgoers were in for a surprise this week when a bizarre looking prehistoric fish washed ashore in Colleton County along Edisto Beach at Edisto Beach State Park. It turned out to be an atlantic sturgeon.

Rare Atlantic sturgeon washes ashore on South Carolina beach

Virginia State

Ronkonkoma, NY

The New York Post reveals that two men who died in a plane crash at MacArthur Airport were from Virginia. The men had been visiting friends in Long Island and were returning home when the tragedy occurred.

Life partners from Virginia have been identified as the victims of a New York plane crash

Fox News Media’s free streaming channel Fox Weather has hired veteran meteorologist Mike Seidel away from The Weather Channel, where he will serve in the same role while also taking on the added position of “storm specialist,” the company announced on Monday. Fox wasted no time in...

Fox Weather hires Mike Seidel away from The Weather Channel

BGR.com

Netflix offers as much original content as any service, but that hasn’t stopped the streamer from licensing shows from other popular networks. On Tuesday, AMC announced that 13 of its latest original shows will be available to stream on Netflix starting on August 19, with two more slated to join the streaming library on January 13, 2025 (via Variety).
“This agreement puts our high-quality shows in front of the vast audience of Netflix subscribers with the AMC brand clearly represented,” said AMC Networks CEO Kristin Dolan in a statement today. “These curated titles are also being strategically windowed to drive interest...

AMC will bring 15 of its best shows to Netflix starting next month

Florida State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

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Jacksonville Today

Republican Donald Trump has a 7-point lead over Democrat Kamala Harris among Florida voters, 49% to 42%, according to a new poll from the University of North Florida. Four percent are backing another candidate, and 6% are undecided or didn’t answer.

New Florida poll: Trump leads; support strong for abortion and recreational weed

24/7 Wall St.

YouTube is growing slower than expected. It is a warning to Amazon Prime and Netflix about demand for ad-supported content.
The post YouTube Results a Warning to Netflix and Amazon appeared first on 24/7 Wall St..

YouTube Results a Warning to Netflix and Amazon

Kentucky State

Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Illinois State

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

Morristown, NJ

Morristown Minute

NEWARK, N.J. – Sixteen individuals have been charged in connection with a widespread "grandparent scam" that defrauded elderly Americans out of millions of dollars. The charges were announced by U.S. Attorney Philip R. Sellinger.

16 Charged in Nationwide 'Grandparent Scam'; Millions Stolen

Texas State

Houston, TX

Kentucky Vibes.net

Disclaimer: This article was written with the help of A.I. software. With around 270,000 homes and businesses still without power in the Houston area almost a week after Hurricane Beryl hit Texas, Gov. Greg Abbott on Sunday said he’s demanding an investigation into the response of the utility that serves the area as well as answers about its preparations for upcoming storms.

Texas Gov. Greg Abbott Demands Answers as Customers Remain Without Power After Beryl.

Denver, CO

David Heitz

In addition to collecting more than 8,000 used needles in the past year from Denver drug users, the Harm Reduction Action Center passed out 10,000 meth pipes and “snort kits,” according to a newsletter sent to its supporters Thursday. They also connected about 1,700 people to medical, mental health and substance abuse treatment.

Denver group hands out 10K meth pipes, ‘snort kits,’ connects 1,700 to treatment annually

Disney Plus, ESPN Plus, and Hulu subscriptions will be more expensive very soon. Disney has confirmed a price increase that will go into effect in October. With this, the company continues the process of making its large investments profitable. While Disney Plus prices will increase, there are a couple of new features to try to justify it. Recently, the company partnered with Warner Bros. to launch an attractive Disney+, Hulu, and Max bundle.

Disney Plus, ESPN Plus, and Hulu getting more expensive soon

NewsBreak

Cable, satellite fees help boost Fox Q4 revenue

Distribution fees charged to cable and satellite television distributors helped boost Fox Corporation’s overall revenue during the company’s latest fiscal quarter. On Tuesday, the company revealed...

Cable, satellite fees help boost Fox Q4 revenue

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