Disney is in a good position to manage its debt levels. So says Fitch Ratings, which on Tuesday affirmed Walt Disney Co.s debt valuations at A-, with the rating outlook stable. But the ratings giant warned on near-term investments in expanding Disney theme parks and cruise line fleet to put pressure on cash flow and earnings growth. Fitch forecast multiple...

Outgoing IAC CEO Joey Levin and Anthony Noto, CEO of SoFI Technologies, have been named to the board of Warner Bros. Discovery. Noto joined the board Jan. 8 and Levin is set to join Feb. 1. Both will stand for election by the companys stockholders at the 2025 Annual Meeting of Stockholders. The additions come after the announcement thatHowl CEO...

All In: A Comedy About Love cracked the top-five grossing shows in the industry last week, as John Mulaney and other cast members finished up their runs in the rotating cast. The show, which features readings of short stories, brought in close to $1.7 million at the Hudson Theatre and played to 100 percent capacity. Last week, the cast included...

In 2022, the drought in the Czech Republic was so severe that the Elbe River receded to reveal a rock along the bank with an inscription chiseled in 1417. It read, Wenn du mich siehst, dann weine. If you see me, then weep. Such warnings, found throughout Europe, are known as Hunger Stones. I tell you this for two reasons....

The Writers Guild of America East is backing another organizing drive targeting a nonfiction production company. The union has partnered with workers at the Stamford, Conn.-based Lucky 8 in an effort to unionize the company. Though the WGA East did not respond to questions about the number of workers and which roles it is targeting, the union claimed in an...

Former CBS News president Susan Zirinsky is returning to a leadership role at the news division as executive editor on a temporary basis. CBS CEO George Cheeks announced Zirinskys role in a memo Monday evening. Zirinsky, or Z as she is affectionately known inside CBS, will also continue to run the documentary division See it Now Studios. Cheeks said that...

With a looming split from NBCUniversal, MSNBC will get a new president. Rashida Jones told staffers at the cable channel Tuesday morning that she will exit the company after four years leading MSNBC, adding that she came to the decision over the holidays. I shared this decision with Mark, who has been incredibly supportive and has asked me to stay...

TV station giant and media companySinclairInc. on Tuesday unveiled deals with select creditors to boost its liquidity, strengthening its balance sheet for the longer-term. Sinclair Television Group and certain affiliated entities have entered into a transaction support agreement with certain secured creditors on the principal terms of new money financings and a debt recapitalization to strengthen the companys balance sheet...

Now that Venu Sports is dead, DirecTV thinks that it can fill the void. The satellite TV service is launching a new, streaming multichannel video service called MySports, which will feature the same channels as Venu plus a bunch more. The catch? MySports costs $70 per month, substantially more than the $43 per month Venu was targeting to launch at....

As multiple wildfires rage in Los Angeles County, studios are mobilizing their own response efforts. Following Disney, Warner Bros. Discovery has committed $15 million in donations to support relief efforts while Amazon, Comcast and Netflix directed $10 million apiece and Sony pledged an additional $5 million while Paramount Global added $1 million. Warner Bros. Discovery, led by CEO David Zaslav,...

Pete Hegseth, the military veteran Fox News host and Trump pick to run the Pentagon, disclosed his salary at the cable news network as part of the next step in his confirmation process as a potential cabinet official in the next administration. Hegseth stated that he earned $4,602,340 as a salary at the network, where he has co-hosted Fox Friends...

Joey Levin, CEO of media company IAC, is set to depart the company. His departure comes as IACs board of directors approved a plan to spin off IACs stake in home services platform Angi, to shareholders. Levin will depart upon completion of the spinoff and will become executive chairman of Angi, working alongside CEO Jeff Kipp. IAC does not plan...

Production company Seaview has acquired the Off-Broadway Tony Kiser Theatre. The 296-seat theater in midtown had previously housed productions from the nonprofit theater company Second Stage Theater, which had staged a number of productions there, including the pre-Broadway run of Dear Evan Hansen, but gave up its lease at the end of 2024. Under the leadership of Seaview, the theater...