Business
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Condé Nast Cuts More Jobs in Another Round of Media Layoffs
Job cuts include 14 top executives and “several members” of GQ staffers, AdWeek reports
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Female Industry Leaders See Opportunity in Hollywood Contraction: ‘The Town Is Desperate for New Ideas Right Now’ | Video
Power Women Summit: Wondery CEO Jen Sargent says moments of adversity are the “ripest times for innovation”
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Vox Media Layoffs Leave Thrillist Essentially Shuttered, Eater ‘Blindsided’
“This close to holidays, their callousness is especially galling,” the Vox Media Union and Writers Guild of America East say in a joint statement
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With a ‘Wicked’ and ‘Moana 2’ Box Office Surge, Theaters Get Ready for a $2.2 Billion Overhaul
After weathering strikes and a pandemic, theater chains are planning to renovate swaths of multiplexes in 2025 and beyond
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Movies
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Disney Declares Cash Dividend of $1 Per Share, a 33% Boost From Last Year
The dividend, payable in two 50 cent-per-share installments on Jan. 16 and July 23, 2025, is up from 75 cents paid during fiscal year 2024
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Nielsen’s Gracenote Names Bill Michels as Chief Product Officer | Exclusive
The firm provides metadata for over 40 million titles in more than 260 streaming catalogues
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Regal Cineworld Refinances Loan After Bankruptcy Restructuring Thanks to Thanksgiving Box Office
The theater chain says it will save $60 million in interest expense as it anticipates continued box office growth after “Moana 2,” “Wicked” and “Gladiator II” broke records
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David Ellison May Fold Paramount TV Networks Into Single Unit, Co-CEO Brian Robbins Might Exit | Report
Co-CEO George Cheeks is expected to stay following the Skydance merger, and CBS is the only network safe from possible sale
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Former CAA Agent Joel Begleiter Boards TFC Management as Partner
“He’s an incredible advocate, a very well-liked and well-respected executive, and a longtime friend,” company founders Ben Jacobson and David Stone say of the hiring
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TelevisaUnivision Begins Layoffs as Part of Restructuring Plan
CEO Daniel Alegre says in a memo the move is “aimed at strengthening our position for 2025 and beyond”
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Why the NBA’s Ratings Are Down Big — and Why Its New Media Partners Should Care
“There’s just too much awareness that an individual game really doesn’t matter,” one league analyst tells TheWrap
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Sports
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UK ‘MasterChef’ Host Gregg Wallace Steps Down Amid Misconduct Investigation
The TV presenter is accused by 13 different people of making inappropriate sexual comments to co-workers over a 17-year period
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R&CPMK Accuses Ex-Employees, Rival 2 PM Sharp of Stealing Clients, Breach of Contract
The PR firm claims the former staffers downloaded thousands of files with “confidential, proprietary and other sensitive business information” to “jumpstart 2 PM Sharp’s new business by theft”
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Comcast CEO Brian Roberts Sells $20 Million in Stock
The 469,515 Class A shares were awards of restricted stock units and options as part of his compensation in January and March
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Inside Paramount’s Search for a Buyer: Apollo’s Letters, Redstone’s Rejections and ‘Party F’
Apollo Global Management tried seven times to gain a foothold in the bidding but ultimately lost out to Skydance Media’s $8 billion deal, an SEC filing reveals
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WrapPRO
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