Byron Allen’s media empire, consisting of broadcast stations owned by Allen Media Group, has found itself in hot water due to consistently late payments to network owners, including major players like ABC, CBS, and NBC. The delayed payments, totaling tens of millions of dollars, have left network owners frustrated and feeling neglected. This lack of
Business
SpaceX is gearing up for its upcoming private mission called Polaris Dawn, scheduled to launch at the end of the month. This mission marks the first attempt to conduct a spacewalk by astronauts in a private venture. The Polaris Dawn mission is part of billionaire Jared Isaacman’s Polaris Program, which involves three separate flights that
The ongoing competition in the realm of sports streaming services has taken an interesting turn with the recent legal developments involving media giants such as Disney, Warner Bros. Discovery, and Fox. The lawsuit brought forth by Fubo TV against these companies has shed light on some crucial issues that impact both consumers and competitors in
The trio of Ryan Reynolds, Hugh Jackman, and Shawn Levy has achieved remarkable success with their latest film, “Deadpool & Wolverine.” Breaking records as the highest-grossing R-rated film of all time, the Disney and Marvel collaboration has proven to be a massive hit both domestically and internationally. The success of “Deadpool & Wolverine” signifies a
In a recent video, United Auto Workers President Shawn Fain unleashed a scathing attack on Stellantis CEO Carlos Tavares. Fain accused Tavares of price gouging consumers and failing to honor parts of the union’s labor contract with the automaker. These accusations come amidst a backdrop of strained relations between the UAW and Detroit automakers, including
Walmart, the nation’s largest retailer, is set to release its quarterly earnings report, providing valuable insights into consumer behavior and the state of the economy. Analysts are expecting earnings per share of 65 cents and revenue totaling $168.53 billion. The company’s reputation for value has been a key driver of sales growth, attracting both lower
The incoming CEO and Chair of Starbucks, Brian Niccol, has been offered a substantial pay raise and one-time bonuses in order to entice him to leave his position as the chief executive of Chipotle Mexican Grill. This move comes at a critical time for Starbucks, as the company is facing slumping sales, particularly in its
Alaska Airlines flight attendants have taken a surprising stance by rejecting a new labor deal that would have provided them with immediate raises averaging over 24%. This decision has left both the union and the company in a position where further negotiations are necessary, especially with the looming merger with Hawaiian Airlines. The union and
Home Depot, a leading home improvement retailer, is closely monitoring the Federal Reserve’s upcoming decision on interest rates. According to Chief Financial Officer Richard McPhail, homeowners are delaying moving into new houses or starting major projects that require financing due to the high interest rates. The anticipation of a potential interest rate cut has only
Brian Niccol’s recent appointment as Starbucks’ CEO and Chairman has garnered attention from Wall Street analysts who believe he is the right choice to lead the iconic coffee chain into a new era. Despite Starbucks’ recent struggles with declining same-store sales, investors are optimistic about Niccol’s ability to rejuvenate the demand for the company’s coffee.