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Reuters | Equities.com |

Ratings for Rupert Murdoch’s Fox News Channel topped all news and basic cable channels for a fifth straight year in 2020, according to Nielsen data released on Tuesday.

The network averaged 1.9 million viewers per day and 3.6 million in primetime - record levels for cable news channels - during a news-heavy year marked by the coronavirus pandemic, protests for racial justice and a contentious U.S. presidential election.


Equities Staff | Equities.com |

U.S. movie studio MGM Holdings is exploring a sale, a person familiar with the matter told Reuters on Monday.

The movie studio behind the “James Bond” franchise has tapped investment banks Morgan Stanley and LionTree LLC and started a formal sale process, the source said, asking not to be identified.


Reuters | Equities.com |

AT&T Inc’s Warner Bros studio on Thursday announced that it will make all of its 2021 films available in theaters and on the HBO Max streaming service starting on the same day, an unprecedented shift in response to the coronavirus pandemic that sank shares of movie theater operators.

The movies, which are expected to include “Godzilla vs. Kong” and “Mortal Kombat,” will be available on HBO Max for one month starting on the same day they debut in cinemas, the studio said in a statement.


Reuters | Equities.com |

Walt Disney Co said on Wednesday it would lay off about 32,000 workers, primarily at its theme parks, an increase from the 28,000 it announced in September, as the company struggles with limited customers due to the coronavirus pandemic.

The layoffs will be in the first half of fiscal 2021, the company said in a filing with the Securities and Exchange Commission.

A spokesman for Disney confirmed that the latest figures include the 28,000 layoffs announced earlier.


Reuters | Equities.com |

German media group Bertelsmann has agreed to purchase publisher Simon & Schuster for $2.175 billion in cash from ViacomCBS, strengthening its presence in the United States.

Bertelsmann outbid Rupert Murdoch’s News Corp in a contest for the publisher of Dan Brown, Hillary Clinton and Stephen King which Viacom put on the block earlier this year.

The deal represents the second major move in CEO Thomas Rabe’s drive to consolidate Bertelsmann as the world’s biggest bookseller, after the 185-year-old publisher took full control of Penguin Random House less than a year ago.


Reuters | Equities.com |

Walt Disney Co on Thursday reported quarterly revenue that was better than Wall Street expected as live sports returned to ESPN and the company's theme parks began recovering from shutdowns due to the coronavirus pandemic.

Overall revenue fell 23% to $14.71 billion in the quarter, above analysts’ average estimate of about $14.2 billion.

Disney’s adjusted loss per share, excluding one-time items of 20 cents, also beat Wall Street expectations of a more drastic 70 cents per share loss.

Disney shares jumped 5.6% to $143.12 in after-hours trading.


Reuters | Equities.com |

Walt Disney Co said on Monday it was furloughing additional workers from its Disneyland theme park in Southern California, because it still does not know when the state will allow it to reopen because of the coronavirus pandemic.

The number of furloughs, which include executive, salaried and hourly workers, was not known. It comes on top of the 28,000 employees who were laid off in September, mostly across Disney’s U.S. theme parks, in California and Florida.


AP News | Equities.com |

Alex Trebek never pretended to have all the answers, but the “Jeopardy!” host became an inspiration and solace to Americans who otherwise are at odds with each other.

He looked and sounded the part of a senior statesman, impeccably suited and groomed and with an authoritative voice any politician would crave. He commanded his turf — the quiz show’s stage — but refused to overshadow its brainy contestants.

And when he faced the challenge of pancreatic cancer, which claimed his life Sunday at age 80, he was honest, optimistic and graceful. Trebek died at his Los Angeles home, surrounded by family and friends, “Jeopardy!” studio Sony said.


AP News | Equities.com |

The steady counting of votes that has moved Democrat Joe Biden closer to the presidency is exposing rifts at Fox News Channel, the influential media outlet that is the favorite for many supporters of President Donald Trump.

Despite intense pressure from Trump’s team, Fox’s decision team has stood fast with its election night call of Arizona for Biden. Fox has Biden with 264 electoral votes, and if Fox calls either ...


Reuters | Equities.com |

ViacomCBS Inc beat analysts' estimates for quarterly revenue on Friday and nearly reached its annual streaming subscription target a full quarter ahead of time as lockdowns boosted demand for indoor entertainment.

The company said its domestic streaming services, CBS All Access and Showtime, had 17.9 million subscribers at the end of the third quarter. It had earlier forecast 18 million paid customers by the end of the year.

CBS All Access, wh...