Airline passengers between flights patronize the iHeartRadio facility at Denver International Airport in Denver on Jan. 19, 2014.Robert Alexander | Archive Photos | Getty ImagesIt's a familiar refrain: "Legacy media is dead" — unless you're talking about radio.Despite being one of the oldest media formats, dating back to the...
The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022.Presley Ann | Getty Images Entertainment | Getty ImagesThis year proved to be yet another tough one for pay TV, as more people cut the cable cord.But it wasn't exactly...
A shopper leaves a Nike store along the Magnificent Mile shopping district in Chicago with a purchase on Dec. 21, 2022.Scott Olson | Getty ImagesNike shares plunged Friday after the athletic apparel maker cut its revenue outlook for the fiscal year, with sneaker retailer Foot Locker also feeling the...
Morgan Stanley CEO James Gorman said Thursday that he's gearing up to join a succession planning committee at Disney, which will advise the board on choosing CEO Bob Iger's successor. Gorman is set to step down as Morgan Stanley CEO Jan. 1. He will join Disney's board in February.Disney...
An Olive Garden restaurant in Fremont, California, US, on Thursday, Sept. 14, 2023. Darden Restaurants Inc. is scheduled to release earnings figures on September 21.Bloomberg | Getty ImagesDarden Restaurants on Friday reported quarterly earnings that beat expectations and raised its annual guidance, helped by sales growth at chains like...
Former Disney TV executive Ben Sherwood coaching his son Will.Credit: Karen SherwoodWhile Ben Sherwood was working as a top Disney television executive, he was juggling another major commitment — one he couldn't quite get the hang of.Sherwood traveled back and forth between the East and West Coasts to coach...
A general view of the Washington Wizards logo on a court mop before the game between the Washington Wizards and the Chicago Bulls at Capital One Arena on October 21, 2022 in Washington, DC.Scott Taetsch | Getty ImagesThe NHL's Washington Capitals and NBA's Washington Wizards are slated to move...
Hasbro is laying off about 1,100 employees as the toy maker struggles with soft sales that have carried into the holiday shopping season, according to a company memo obtained by CNBC.Hasbro had about 6,300 employees as of earlier this year, according to a company fact sheet.Shares of the company...
Paramount logo is seen on the building in Los Angeles, United States on November 13, 2023.Nurphoto| Getty ImagesParamount Global shares surged Friday following reports from Deadline and Puck News that Skydance and Redbird Capital were exploring potentially taking over the media giant.Paramount shares were up more than 14%. The...
Jon Rahm of Spain celebrates making a putt for birdie on the 18th green during the final round of the 2021 U.S. Open at Torrey Pines Golf Course (South Course) on June 20, 2021 in San Diego, California.Sean M. Haffey | Getty Images Sport | Getty ImagesGolf superstar Jon...