Business

Interest rates may rise less than previously thought with the governor of the Bank of England signalling there is no urgent need for hikes. The central bank has been consistently raising interest rates – making borrowing more expensive – in an effort to bring double-digit inflation down to the Bank’s 2% target. Further increases had
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Senate Majority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries seized on the latest revelations from Dominion Voting Systems’ defamation lawsuit against Fox News, as they called on Rupert Murdoch to curb hosts from spreading election conspiracy theories. According to a Dominion filing on Monday, Murdoch said in a recent deposition that some Fox
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Vanessa Bryant has reached a settlement of $28.85 million with Los Angeles County over the leaked photos from the helicopter crash scene where her husband Kobe and daughter Gianna died. The settlement includes the $15 million a jury awarded Bryant back in August. “Today marks the successful culmination of Mrs. Bryant’s courageous battle to hold
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Nexstar CEO Perry Sook said the company’s acquisition of the CW has already paid for itself in terms of adding muscle to the company’s distribution negotiations. The exec made the comment at the start of Nexstar’s fourth-quarter earnings call with Wall Street analysts. Earlier, Nexstar reported a 45% surge in advertising revenue during the election-fueled
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Rupert Murdoch said in a recent deposition that he “would have liked us to be stronger in denouncing” Donald Trump’s false claims about the 2020 presidential election, conspiracy theories that the Fox Corp. executive chairman at once called “bullsh*t and damaging.” But he admitted that some Fox hosts “endorsed” those election fraud claims. “Not Fox,
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Streaming pay-TV bundle provider FuboTV closed 2022 with 1.445 million subscribers in North America and posted healthy numbers in many financial categories in the fourth quarter. Despite those positives, shares in Fubo fell 17% just after the opening bell. The stock was at $1.96 on twice its normal trading volume day after the company revealed
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UPDATED, 5:49 PM: The wild weather in Los Angeles has forced the cancellation of the red carpet for tonight’s portion of the NAACP Image Awards ceremony. The event’s dinner at LA Live downtown is going on as planned, but “the red carpet has been canceled due to the inclement weather,” a rep confirmed to Deadline.
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EXCLUSIVE: We’ve heard from sources that Jason Seagraves has exited Cavalry Media as their SVP of Development. Seagraves is the second executive to leave the management and production company following co-founder Dana Brunetti, which we first reported. Seagraves, I understand, has both Brunetti and Cavalry Media co-founder Keegan Rosenberger’s approval to transition to a producorial
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Citymapper, the urban transport app which ranks among Britain’s most prominent consumer technology companies, is in talks to be bought by a multibillion dollar New York-based rival. Sky News has learnt that Citymapper, which launched in 2010, is in advanced discussions about a takeover by Via Transportation. City sources said a deal could be struck
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Newspapers across the country are pulling the “Dilbert” cartoon after a podcast racial rant from creator and author Scott Adams. Adams said on his his Coffee with Scott Adams online video program  that white people should “get the hell away from Black people,” labeling Blacks as a “hate group.” The Dilbert cartoon is a satire on office
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