The local TV giant Nexstar has signed its chairman and CEO Perry Sook to a new employment contract, one that will keep the executive at the helm of the company through March 2029. Sook, who founded Nexstar in 1996, is also the third largest shareholder in the company after the institutional firms Blackrock and Vanguard, holding 5.8 percent of the...

Fox topped Wall Streets expectations for its fiscal first quarter of 2026, despite a profit decline. News, Tubi and the NFL were the usual bright spots for this time of year, carrying advertising revenue to a six percent increase. Content (and other) revenues doubled that growth on a percentage basis. On a conference call following the earnings release, Fox executive...

Comcast is promoting Steve Croney to the role of CEO of its Connectivity Platforms division, succeeding Dave Watson on Jan. 1, 2026. Croney is currently the chief operating officer of the unit. In the new role, Croney will be responsible for Comcasts residential and commercial connectivity businesses, including broadband, wireless and its entertainment distribution platforms, the company said on Thursday...

SiriusXM reported third-quarter revenue of $2.16 billion, above analyst expectations but down 1 percent from the prior-year period, and net income of $297 million, after reporting a net loss of $29.6 billion a year ago. The company reported earnings per share of $0.84, above analyst expectations and compared to a loss of $8.74 in the third quarter of 2024. The...

Peacock, the streaming service ofComcasts entertainment unitNBCUniversal, lowered its third-quarter loss to $217 million compared with $436 million in the year-ago period. The streamer, whose new programming in the latest period included The Paper and M3GAN 2.0, ended September with 41 million paying subscribers, steady compared with the end of June and 36.0 million a year ago, the company said...

Ramsey Naito is the latest executive at Paramount to depart the studio as CEO David Ellison continues his leadership shakeup. Naito, who has been the president of Paramount Animation since September 2021, shared in a message to employees Wednesday evening, I want to sharewith you that I am leaving thecompany and closing this very special chapter with all of you....

Its been around three years since the first AI copyright lawsuit was filed. The state of play is still unclear, but winners and losers in certain cases are emerging. So far, one of the losers appears to be OpenAI in a lawsuit from book authors, who have steadily been building a formidable case that may force the tech giants hand...

YouTube has settled a lawsuit from Disney over its hiring of longtime company executive Justin Connolly to serve in a newly-created role as global head of media and sports. Disney on Tuesday notified the court of a deal to resolve the breach of contract lawsuit. Terms of the settlement werent disclosed, though its conditioned on the completion of certain unspecified...

The good news: the Xbox handhelds are here! The bad news: Xbox console sales are experiencing a significant slide. Microsoft reports Xbox console sales were down 29 percent (in revenue) in the summer quarter, which was sandwiched between price hikes in May and October. Fortunately, Xbox content and services revenue ($5.5 billion for the quarter) did not follow suit that...

YouTube advertising hit $10.3 billion in its third quarter, as the video giant continues to dominate the ad market. Alphabet reported total revenue of $102.35 billion, up 16 percent year over year, and earnings per share of $2.87, with both coming in above analyst expectations of $2.27 EPS, and revenue of $100.14 billion. The YouTube advertising numbers are up 15...

Workers at Los Angeles County Museum of Art (LACMA), the largest art museum in the western United States and a cornerstone of L.A.s cultural landscape, announced Wednesday they are aiming to form a union, LACMA United, with AFSCME Cultural Workers United District Council 36. The new labor alliance would represent over 300 museum staffers, a workforce comprised of curators, educators,...

The pioneering media mogul John Malone is stepping aside from the empire he created. Malone announced Wednesday that he is stepping down as chairman of his holding companies Liberty Media and Liberty Global, effectively capping off a half-century plus career that helped create and define the modern media and telecommunications business. Malone will shift to a new role as chairman...

Fox Corp. is getting into business with one of its star sports talents, The Hollywood Reporter has learned. Fox Sports is making a strategic investment in Shadow Lion, the entertainment and marketing studio co-founded by Tom Brady, Foxs lead NFL analyst. Shadow Lion and Fox will develop original series, films, event programming and digital content that sit at the intersection...