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New York Times Co on Wednesday named Chief Operating Officer Meredith Kopit Levien as its new chief executive, replacing Mark Thompson who is credited with pushing for the company’s successful transformation into an online publisher.

The change is effective Sept. 8 and the company said Levien, 49, will also join its board.

In an interview with the Times, Levien said she would continue to focus on and expand the news...


Reuters | Equities.com |

(Reuters) - Spotify Technology said on Wednesday it signed a new, multi-year licensing agreement with Vivendi’s Universal Music Group, the label behind artists such as Taylor Swift and Coldplay.

Shares of the Stockholm-based company were up nearly 5% in mid-afternoon trading to $289.85, taking their year-to-date gain to 94%.

Spotify and UMG said they would collaborate on new, marketing campaigns across the music streaming company’s platform, while UMG would also...


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Joe Biden’s presidential campaign on Tuesday announced $15 million in new spending on advertising, as the former vice president looks to capitalize on his polling advantage over Republican President Donald Trump ahead of the Nov. 3 election.

The ad buy marks a sharp increase in spending by Biden, the presumptive Democratic nominee, who launched his first major advertising blitz in the second half of June but has seen a dramatic uptick in fundraising in r...


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Fifty-nine National Football League (NFL) players in total have tested positive for COVID-19, the players’ union said, with rookies scheduled to report to their teams on Tuesday and training camps opening for all players from July 28.

Including other individuals within the NFL, such as staff members, who have tested positive, the total number of cases stand at 95, a spokesman for the union NFLPA said.

L...


Reuters | Equities.com |

(Reuters) - Israeli-American actress Natalie Portman and more than a dozen former U.S. women’s national team players have formed an ownership group to set up a professional women’s soccer team in Los Angeles from 2022.

The new team, which has yet to be named, was announced by the National Women’s Soccer League (NWSL) on Tuesday.

Olympic gold medalists and World champions Lauren Cheney Holiday and Abby Wambach are among 14 former national team players in the ownership gro...


Reuters | Equities.com |

ABC News, a Walt Disney Co unit, has sacked senior executive Barbara Fedida after an independent investigation alleged she had made racially insensitive comments and used inappropriate language, according to a company email.

Fedida also managed in a rough manner and would not return to ABC, Disney executive Peter Rice told staff in an email which ABC shared with Reuters.

Fedida, the network’s former senior vice president for talent, editorial strategy and business af...


AP News | Equities.com |

Fox News Channel stars Sean Hannity, Tucker Carlson and Howard Kurtz were accused of sexual harassment by a frequent on-air guest in a lawsuit filed Monday that the network called frivolous and untrue.

In the same case, a former Fox employee said she was harassed and raped by news anchor Ed Henry, who was fired July 1 shortly after the network became aware of the accusations.

Henry’s lawyer, Catherine Foti, said Monday that her...


Reuters | Equities.com |

Warner Bros. on Monday said it was delaying indefinitely the release of Christopher Nolan’s movie “Tenet,” in a further blow to the nation’s movie theater chains that were hoping to get back to business despite the coronavirus pandemic.

“Tenet,” due out on Aug. 12, was scheduled to be the first major Hollywood movie out in U.S. theaters following the shutdown in mid-March.

“Unfortunately, the pandemic continues to proliferate, causing us to re...


Reuters | Equities.com |

Some of National Football League’s biggest names took to social media on Sunday to express their concerns and anger over the lack of COVID-19 safety protocols in place as teams prepare to open training camps this week.

Super Bowl winning quarterbacks Drew Brees of the New Orleans Saints and Seattle Seahawks Russell Wilson along with Houston Texans defensive end JJ Watt were among those expressing their frustration at the NFL ignoring advice from its own medical experts...