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Yahoo
2 days ago
- Business
- Yahoo
Warner Bros. Says Its Spinoff Will Be Named Discovery Global
(Bloomberg) -- Warner Bros. Discovery Inc. announced the names of the two companies resulting from a planned separation of the streaming and studios business from its cable-TV networks. Can This Bridge Ease the Troubled US-Canadian Relationship? Budapest's Most Historic Site Gets a Controversial Rebuild Trump Administration Sues NYC Over Sanctuary City Policy Warner Bros. will house the company's television, video-game and movie studios, as well as HBO and the HBO Max streaming platform. Discovery Global will include CNN, TNT Sports in the US, Discovery and the Discovery+ streaming service, among other assets, according to a statement Monday. The company announced that it was dividing into two separate entities last month, with the split expected to be completed in mid-2026. As more customers switch from struggling cable networks to streaming, other companies are taking similar steps. Comcast Corp. plans to spin off its cable networks into a separate company called Versant by the end of this year. The move is an acknowledgment that the 2022 merger of Discovery and AT&T Inc.'s Warner Media hasn't gone as planned. David Zaslav, the long-time cable executive and architect of the merger, will stay with the streaming and studios business. Chief Financial Officer Gunnar Wiedenfels will become CEO of the cable networks. Other executives were named on Monday, most of them remaining in positions similar to those they occupied before the split. Burning Man Is Burning Through Cash It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Elon Musk's Empire Is Creaking Under the Strain of Elon Musk Confessions of a Laptop Farmer: How an American Helped North Korea's Wild Remote Worker Scheme Cage-Free Eggs Are Booming in the US, Despite Cost and Trump's Efforts ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
2 days ago
- Business
- Bloomberg
Warner Bros. Says Its Spinoff Will Be Named Discovery Global
Warner Bros. Discovery Inc. announced the names of the two companies resulting from a planned separation of the streaming and studios business from its cable-TV networks. Warner Bros. will house the company's television, video-game and movie studios, as well as HBO and the HBO Max streaming platform. Discovery Global will include CNN, TNT Sports in the US, Discovery and the Discovery+ streaming service, among other assets, according to a statement Monday.
Daily Mail
20-07-2025
- Entertainment
- Daily Mail
Who is next after Stephen Colbert? The death of late-night TV... and the unlikely conservative star
The axing of Stephen Colbert 's Late Show has been received as a death knell for late night television - but there's still time for one more rising star before the world of cable TV is eclipsed by TikTok, YouTube, and Instagram reels. CBS and its parent company, Paramount, announced that Colbert's show would 'end its historic run' in May 2026, just over a decade after it first launched. 'We consider Stephen Colbert irreplaceable and will retire the Late Show franchise at that time,' the broadcast executives said. 'We are proud that Stephen called CBS home. He and his broadcast will be remembered in the pantheon of greats that graced late night television.' In fact, Colbert, 61, had the best ratings of all the traditional late-night 11.35pm show hosts before he got the chop. The veteran presenter attracted 2.42 million viewers across 41 first-run episodes - easily outpacing ABC's Jimmy Kimmel Live! which had 1.77 million, and NBC's The Tonight Show Starring Jimmy Fallon which had 1.19 million, per LateNighter. According to the TV specialist news site, the Late Show was the only one among nine mainstream programs tracked which drew more viewers in the second quarter of 2025 than the first, with a small audience growth of one percent. So it's no wonder that Colbert's axing has got other left-leaning hosts shaking in their boots. Kimmel, 57, blasted CBS via his Instagram stories. He reposted Colbert's announcement with the caption: 'Love you Stephen. F**k you and all your Sheldons CBS.' Late night talk show host Andy Cohen, 57, also said he was 'stunned' by the news. 'I can't believe CBS is turning off the lights at 11:30 after the local news. I'm stunned. He's one of three late-night shows deemed worthy enough for an Emmy nomination. He produces a brilliant show,' he told Deadline. 'I think it's a sad day for late-night television. I think it's a sad day for CBS. I think Stephen Colbert is a singular talent. He's going to have an incredible next chapter.' While it's likely that Colbert's demise could spark a bonfire of late-night shows like Kimmel's and Cohen's as the younger generation turns to TikTok over TV, there's also an unlikely rising star still attracting viewers to the small screen. Greg Gutfeld on Fox News has been disrupting the TV genre once monopolized by the likes of Colbert, and Seth Meyers, whose Late Night with Seth Meyers show on NBC reigns supreme for post-midnight ratings. Gutfeld! dominated late-night TV ratings in the second quarter of 2025 with an average of three million viewers. This comes with a caveat that the show starts 95 minutes earlier than Colbert's, filling Fox News' 10pm slot, and attracts many of the right-wing network's faithful viewers who watch the network for several hours a day. But it's not all down to timings and Fox's following - as Gutfeld attracted a key demographic of the smartphone generations who are being lost to online media. The show was watched by 365,000 people aged between 25 and 54 in the second quarter of 2025, according to MSN. Gutfeld! has a similar structure to the other late shows, with a monologue, roundtable, recurring gags, and rotating co-hosts, but behind the scenes it's a very different story. The show reportedly runs off a creative team of around 20 people, according to Mediate, making it more authentic than its polished, liberal competitors. As a result, it attracts viewers who wanted real talk over highly-scripted mainstream comedy. The Late Show was also beleaguered by Trump's threats to sue his network, while Fox News enjoyed a post-election boom. Colbert's program was cancelled just days after the host blasted the network's $16 million settlement with President Trump as a 'big fat bribe.' Taking aim at CBS and Paramount Global, Trump's lawsuit accused producers of editing an October interview with Harris to sway public opinion in her favor. The broadcast channel is also facing a probe by the Federal Communications Commission (FCC) into whether the interview violated 'news distortion' rules. Complainants said the station broke the law by cherry picking only a portion of Harris' answer to a question about Middle East policy to present her in a favorable light. Trump's lawsuit coincided with a planned $8.4 billion merger between Paramount and Skydance, which requires approval from the FCC. Though the agency is prohibited from censorship or infringing the First Amendment rights of media, broadcasters cannot intentionally distort the news. CBS previously said the complaint aims to turn 'the FCC into a full-time censor of content' which would result in an unconstitutional role and an impossible one for the agency. In January, the FCC's chair Brendan Carr reinstated complaints about the 60 Minutes interview with Harris, as well as complaints about how Walt Disney's ABC News moderated the pre-election TV debate between then-President Joe Biden and Trump. It also reinstated complaints against Comcast's NBC for allowing Harris to appear on 'Saturday Night Live' shortly before the election.
New York Times
14-07-2025
- Entertainment
- New York Times
Joy Taylor out at Fox Sports as network cancels 3 shows: Sources
Joy Taylor is out at Fox Sports as part of a series of moves that will also see the network's cable arm, FS1, cancel 'Speak,' the show Taylor co-hosts, as well as its two morning programs, sources briefed on the decisions told The Athletic. The three shows struggled to find a huge audience, prompting the cancellations, according to sources briefed on the decision. Advertisement Taylor, 38, has been in headlines over the past year as FS1 has been embroiled in harassment allegations against its former top programming executive, Charlie Dixon. In one of the two lawsuits, Noushin Faraji, a make-up artist, accused Dixon of sexual battery, and the suit alleged that Taylor told Faraji 'to get over it.' Taylor denied the allegation. Dixon has been out at the network since late April. Taylor co-hosted 'Speak' with Keyshawn Johnson and Paul Pierce. Taylor's contract was up and not renewed by Fox Sports after she had been with the network for nearly a decade. FS1 is also ending the morning shows 'Breakfast Ball' and 'The Facility.' Fox Sports declined to comment. Colin Cowherd's 'The Herd,' which begins at noon (ET), and 'First Things First' with Nick Wright, Chris Broussard and Kevin Wildes at 3 p.m. (ET), will continue in their time slots. FS1 will likely produce new shows in place of the cancellations. All three shows were created under Dixon. 'Breakfast Ball' featured Craig Carton, Mark Schlereth and Danny Parkins. It marked Carton's second show at the network after leaving his WFAN drive time program two years ago. A return to WFAN is not out of the question for Carton, though. WFAN has continued its dominance in the market with Tiki Barber joining Carton's former partner, Evan Roberts, on afternoon drives. Chris Oliviero, who brought Carton back to WFAN after Carton served a prison sentence for fraud, is the chief business officer of the station's parent company, Audacy, and oversees WFAN. 'The Facility' is hosted by Emmanuel Acho, Chase Daniel, James Jones and LeSean McCoy and began less than a year ago. All four are former NFL players. (Photo of Joy Taylor: Jon Kopaloff / Getty Images)
Forbes
09-07-2025
- Business
- Forbes
Disney, Hearst To Sell A+E: Handicapping Who And What's Next
VOD service screen. Man watching TV with remote control in hand. Disney and Hearst, the 50/50 owners of A+E Global Media, announced yesterday that after sharing control of the company and its networks for most of the last 40 years, they are putting it up for sale. Pardon me if this is beginning to sound a bit too familiar. A major media company – in this case two of them – are planning to sell off a group of cable networks. It's yet another step in the dismantling of cable's yellow brick road. What is the pathway for financial success here? For those cord cutters and cord 'nevers' out there – hello students – A+E is one of the foundational brands of the multichannel universe. The A+E network was launched in 1984 by ABC (purchased by Disney in 1996), Hearst and NBC. It initially picked up the baton from the long-forgotten CBS Cable, a performing arts network, although that focus is hard to see in the rearview mirror. Today it includes a stable of networks such as Lifetime, The History Channel, and Vice TV as well as a host of streamed channels encompassing the content from these networks. Its most recognizable shows include Duck Dynasty, Hoarders, Biography, Storage Wars and The First 48 among many others. A+E has been rumored to be attractive target for other media companies for many years, but its success always kept it independent. Frankly, it just kept sending money back to its owners every year, so why tamper with a good thing? But the payouts in the hundreds of millions of dollars per year - what Disney refers to in its financial reports as 'equity in the income of investees' - peaked in 2023 and are on a glidepath downward. The A+E owners have made their decision to sell, and the question for the market is who is going to buy and what does that look like? There are several scenarios with various degrees of plausibility. The 'Big Media' route: Is there a fit? Each of the major media companies has in some fashion been searching for ways to shed rather than add cable network assets, but they are also creating new entities that might find at least find some cost savings in an A+E purchase. The 'Big Streamers' – Do they need networks? Do all roads lead to private equity?
