Fox Corp. Chief Executive Officer Lachlan Murdoch said the new sports streaming service he’ll launch later this year with Walt Disney Co. and Warner Bros. Discovery Inc. is projected to reach 5 million subscribers after five years. Murdoch, speaking at the Morgan Stanley technology, media and telecom conference on Monday, said the service is aimed … Read more
EW Scripps CEO Adam Symson Source: EW Scripps Local TV station owners including Sinclair, TEGNA and EW Scripps all saw their valuations plummet this week after Disney, Warner Bros. Discovery and Fox announced a new sports joint venture set to launch this fall. Sinclair dropped 12% Wednesday, TEGNA fell 7.2% and Scripps plummeted 24% as … Read more
Los Angeles Lakers forward LeBron James, #23, during the NBA game between the Los Angeles Clippers and the Los Angeles Lakers at Crypto.com Arena in Los Angeles on Jan. 7, 2024. Jevone Moore | Icon Sportswire | Getty Images Some of the motivations for the companies are clear, as they look to sports to help … Read more
Signage for Nvidia Corp. during the Taipei Computex expo in Taipei, Taiwan, on Tuesday, May 30, 2023. Hwa Cheng | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more