Reuters

(Reuters) -Paramount Global wrote down the value of its cable networks by nearly $6 billion and announced Thursday it would cut 15% of its US workforce, as the media conglomerate navigates the decline of the cable television business.

Paramount Global writes down cable networks value, cuts jobs; streaming profit boosts shares

David Zaslav had a particularly tough day. The Warner Bros. Discovery boss watched Wednesday afternoon as his company’s already anemic stock price plummeted more than 10% in after-hours trading, hitting a new low of $6.90 after the company reported second quarter earnings.

Warner Bros. Discovery signals rapid deterioration of television business, sending stock plummeting

Warner Bros. Discovery shares plunged Thursday after the entertainment company recorded an almost $10 billion second-quarter loss, hit by a write-down in the value of its cable networks. The company posted a $9.1 billion non-cash goodwill impairment charge from its cable networks segment, as CNN and TNT, among others, continue...

Warner Bros. Discovery Stock Tumbles as Cord-Cutting Fuels $10B Quarterly Loss

The Walt Disney Company delivered its Q3 earnings report yesterday, beating Wall Street expectations and delivering profitability in streaming for the first time. For years, all eyes have been on Disney CEO Bob Iger as he attempted to prove that streaming could be a growth business for the company. Upon his return in November of 2022, Iger radically changed Disney’s streaming strategy. After years of hemorrhaging money to grow its subscriber count, Iger told investors that profitability would be the company’s benchmark, not subscribers.

Disney’s Stock Fell Again Yesterday But Wall Street Has Reasons For Optimism

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	Warner Bros. Discovery is taking a hefty non-cash impairment charge, or write-down, of $9.1 billion at its networks division to align the book value of its linear television business with the reality of uncertain advertising and sports rights renewals as the NBA is set to move on.Bob Iger On ESPN Partnership Talks, "Tremendous Value" In NBA Rights Extension Despite Price Tag




	The value of the linear assets when Discovery and Warner Media merged two and half year ago was significantly higher that it is now as consumers migrated and advertising dipped. That’s across the industry. A difference with David Zaslav-led WBD...

Warner Bros. Discovery Takes Massive $11.2 Billion In Write-Downs & Charges In Q2 After Losing NBA

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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'

Kansas City, MO

Kentucky Vibes.net

Disclaimer: This article was written with the help of A.I. software. Kansas City Chiefs quarterback Patrick Mahomes, known for his prowess on the football field, made a personal announcement during a press conference on Tuesday. The three-time Super Bowl champion revealed that he and his wife, Brittany Mahomes, are expecting their third child and that this will be their last.

Patrick Mahomes Reveals He's 'Done' Having Kids with Wife Brittany Mahomes After Baby No. 3

[Note: Unless otherwise indicated, all quotes and commentary from Donna Douglas are from an interview with her conducted by the author.]. Donna Douglas, who died of pancreative cancer at 82 in 2015, was an honest-to-goodness Southern Belle who displayed a natural beauty and talent in her portrayal of the hollering, rope-wearing, whistle-happy, and critter-cuddling Elly May Clampett on the 1960s classic TV hit, The Beverly Hillbillies.

TV's Beloved 'Beverly Hillbillies' Actress Donna Douglas: Nine Years After Her Death

Consumers are just not buzzing about energy drinks at the moment. Popular energy drink maker Monster Beverage missed sales expectations for the second quarter. On Wednesday, Monster reported net sales of $1.90 billion, lower than the expected $2.01 billion analysts predicted. For the three months that ended on June 30, the company reported a profit of 41 cents per share versus a 45 cents per share projection. However, recent net sales beat revenues of $1.85 billion for the same time period last year.

Monster Beverage’s Sales Fall Short of Expectations, Blames Convenience Stores

Sportico


				













	A Southern District of New York judge Monday denied a motion by Adidas for a new trial in its trademark dispute with fashion company Thom Browne Inc. U.S. District Judge Jed Rakoff held that newly discovered emails, including those sent by company founder and head designer Thom Browne about Adidas, do not warrant a new trial.NFL Star Amari Cooper's Apparel Firm Takes Aim at Sneaker Giants




	Rakoff, who is overseeing Jim Trotter’s retaliation case against the NFL, acknowledged the emails were admissible evidence and thus should have been shared in the pretrial process. However, he didn’t find them particularly damning and didn’t view...

But Their Emails: Adidas Bid for New Thom Browne Trial Denied

Chicago, IL

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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?

TheStreet

Here's what could happen to Amazon shares next.

Analysts rethink Amazon stock price targets after earnings

Alabama State

Los Angeles County, CA

It's been 21 years since actress/singer Nell Carter, best known for the 1980s NBC sitcom, Gimme a Break!, died of natural causes at only 54. This is her story. Nell Carter was born September 13, 1948, in Birmingham, Alabama. After initially finding fame on and off-Broadway, and via a brief role in 1977 on the TV datime drama, Ryan's Hope, Carter took the lead in Ain't Misbehavin'!, a live stage revue of the works of composer Fats Waller.

The Brief Life & Tragic Death of Nell Carter ('Gimme A Break' & 'Ain't Misbehavin'): 21 Years Later

New York City, NY


				













	The fight over Venu Sports, a live sports streaming platform expected to cost $42.99 a month, will close a round this week at the Thurgood Marshall Courthouse in New York with the decision very much up in the air. Sports Leads Disney's Streaming Unit to Its First Quarterly Profit




	FuboTV, which sued ESPN, Walt Disney, Fox and others in April for alleged antitrust violations in their Venu Sports joint venture, seeks a preliminary injunction to halt the service before it goes live. There is some question as to when that may be; Fox Corp. boss Lachlan Murdoch on Tuesday said the app...

FuboTV’s Fight With Disney, ESPN Closes Week as Pols Pile In

Denver, CO

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David Heitz

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

Tampa, FL

Jacksonville, FL

Jacksonville Today

Three men and a woman have been arrested on murder charges in connection with the fatal shooting of Charles Jones , a Jacksonville rapper known as Julio Foolio,” outside a hotel in Tampa.

4 arrested in slaying of Jacksonville rapper Julio Foolio

Los Angeles, CA

Adam Rich was born on October 12, 1968, lived a troubled life, and died on January 7, 2023, at only 54 years old. This is his story. He lived in the Granada Hills area of Los Angeles with his parents and younger brother. The Rich family resided for a time in Florida where Adam studied acting at the local gym.

A Look Back at the Tragic Life and Death of Former Child Star Adam Rich (TV's 'Eight is Enough')


				













	Jim Harbaugh’s in big trouble with the NCAA—except the NCAA is powerless over him.Judges, Not Commissioners, Are Remaking Sports This Summer




	That conundrum lies at the heart of the NCAA’s committee on infractions announcing Wednesday that Harbaugh, while serving as Michigan’s head football coach, violated recruiting, inducement and related rules. The committee punished Harbaugh with a four-year show-cause order that runs through Aug. 6, 2028, and a one-year suspension. 




	The violations concern alleged incidents in 2021, including Harbaugh’s purchase of a bacon cheeseburger at breakfast, and are unrelated to the Connor Stalions sign-stealing controversy from last year. 




	Harbaugh, who coached the Wolverines to a national championship in...

NCAA Punishes Harbaugh for Bacon Cheeseburger Breakfast Order

(Reuters) -News Corp beat estimates for fourth-quarter revenue and profit on Thursday, driven by strength in its Dow Jones unit and strong performance in its real estate listing and book publishing businesses, sending its shares up 4% in extended trading.

News Corp earnings beat as Dow Jones, real estate listing units drive growth

24/7 Wall St.

Outside of NVIDIA’s (NASDAQ: NVDA) recent share price going stratospheric, Amazon (NASDAQ: AMZN) has been a Wall Street darling since the company IPO’d in May 1997 at a split adjusted price of $.07. Today, Amazon stock trades for $166.60, which means that stock is up over 170596.72% since May 1997, turning every $1000 invested into […]
The post Amazon Stock (AMZN) Price Prediction and Forecast 2025-2030 appeared first on 24/7 Wall St..

Amazon Stock (AMZN) Price Prediction and Forecast 2025-2030

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Sports Leads Disney’s Streaming Unit to Its First Quarterly Profit


				













	In a call with investors that was otherwise a bit skimpy on the sports side of the ledger, Disney’s streaming unit recorded a profit for the...

Sports Leads Disney’s Streaming Unit to Its First Quarterly Profit

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