media
Netflix Inc (NASDAQ: NFLX) has already surged about 40% this year, and analysts are bullish on its continued growth. Morgan Stanley’s Benjamin Swinburne has reiterated his “overweight” rating on Netflix, projecting further gains as the company prepares to release its Q2 financial results on July 18th. Swinburne raised his price target on Netflix stock to $780, indicating a potential 20% upside. He attributes this optimism to Netflix’s robust performance and expects “continued strong results heading into the second half of 2024.” Despite its impressive performance, Netflix remains unattractive ...
Invezz
Shares of Trump Media & Technology Group Corp (NASDAQ: DJT) surged over 50% in premarket trading on Monday after an assassination attempt on former President Donald Trump. The incident occurred at a rally in Pennsylvania over the weekend, raising questions about its impact on the 2024 U.S. elections and the future of Trump Media. Trump Media CEO responds to the IncidentDevin Nunes, CEO of Trump Media & Technology Group, expressed his sympathies to the injured and the family of a participant who lost his life in the incident. He called for a swift federal investigation to uncover the circumstan...
Invezz
Spotify Technology SA (NYSE: SPOT) has already gained about 60% this year but a Wolfe Research analyst is convinced it’s not done pleasing its shareholders just yet. Deepak Mathivanan reiterated his “buy” rating on the music streaming platform on Friday. Spotify stock is currently down more than 15% versus its all-time high in early 2021. Spotify stock could climb to $390Deep Mathivanan now sees upside in SPOT share price to $390 that translates to about a 30% upside from here. Spotify stock, he told clients in a note today, is “undervalued” at 26 times its estimated price to free cash flow ra...
Invezz
The French billionaire Vincent Bollore, who owns Vivendi, announced that he was thinking of listing its pay-TV branch, Canal+ in the UK. Pay-TV requires viewers to pay a subscription fee to watch certain channels or programmes. Bollore, dubbed the ‘French Murdoch’ is a financial backer for the French far-right party National Rally, headed by Marine Le Pen. Vivendi, a mass media giant, also owns other brands such as Havas, Gameloft, Vivendi Village, Prisma Media and Dailymotion. The decision to take Canal+ public comes following Vivendi seeing a considerable downturn to its valuation following ...
Euronews (English)
Russia's Prosecutor General's Office ruled on July 10 to declare the independent Russian media outlet the Moscow Times an "undesirable organization," which establishes criminal penalties for anyone who works with or has links to the outlet. The law on "undesirable" organizations has existed since 2015 and has been used to target perceived opponents of Russian President Vladimir Putin's regime, including NGOs, independent media outlets, human rights groups, and others. The prosecutor's office justified their decision by claiming that the work of the Moscow Times is "is aimed at discrediting the...
Kyiv Independent (CA)
Russia's Prosecutor General's Office ruled on July 10 to declare the independent Russian media outlet the Moscow Times an "undesirable organization," which establishes criminal penalties for anyone who works with or has links to the outlet. The law on "undesirable" organizations has existed since 2015 and has been used to target perceived opponents of Russian President Vladimir Putin's regime, including NGOs, independent media outlets, human rights groups, and others. The prosecutor's office justified their decision by claiming that the work of the Moscow Times is "is aimed at discrediting the...
Kyiv Independent
Russia's Prosecutor General's Office ruled on July 10 to declare the independent Russian media outlet the Moscow Times an "undesirable organization," which establishes criminal penalties for anyone who works with or has links to the outlet. The law on "undesirable" organizations has existed since 2015 and has been used to target perceived opponents of Russian President Vladimir Putin's regime, including NGOs, independent media outlets, human rights groups, and others. The prosecutor's office justified their decision by claiming that the work of the Moscow Times is "is aimed at discrediting the...
Kyiv Independent (UK)
New York (AFP) - CNN, which has struggled amid the decline of the US cable broadcasting industry, plans to launch a new paid streaming service and to cut about 100 jobs, the company's CEO said Wednesday. The network, which once set the pace in cable news, aims for its new $1 billion-plus subscription news product to launch before the end of 2024, Chief Executive Mark Thompson said in a memo to staff. "We are creating best-in-class, subscriber-first products that provide need-to-know news, analysis and context in compelling formats and experiences," Thompson said. "This starts with our first su...
AFP
My first ever job in journalism was at something called Hollywood Crush, a young Hollywood news and gossip site that was part of the larger MTV News ecosystem. Although the MTV brand still had a certain cool-kid cachet, left over from a time before it became associated primarily with teen reality shows, I was not exactly pounding the pavement for the groundbreaking stories that would change the world. By the time I left—laid off in one of those periodic mass purges that were as much a hallmark of 2010s journalism as the Buzzfeed-style listicle—my greatest contribution to the discourse was a we...
Reason
CNN Worldwide CEO Mark Thompson has detailed the “one newsroom” strategy to merge linear and digital newsgathering. This restructuring will lead to a reduction of about 100 staff members, a small portion of CNN’s 3,500 employees. CNN to launch subscription productThompson announced that CNN.com will introduce its first subscription product later this year. This initiative aims to enhance user engagement and increase visit frequency by offering high-quality lifestyle journalism. The paid service will build on CNN.com’s extensive reach. “We want to build on CNN.com’s reach with a new focus on en...
Invezz
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