Media Industry

New York Times' subscriber growth slows on tight spending, shares fall

The slower subscriber growth came in the months ahead of the Nov. 5 US presidential election, an event that typically boosts engagement for media companies

Israeli airstrike killed journalists covering war in Lebanon as they slept

An Israeli airstrike killed three journalists as they slept at a guesthouse in southeast Lebanon at dawn on Friday, in one of the deadliest attacks on the media since hostilities broke out across the border a year ago. It was a rare airstrike on an area that had so far been spared airstrikes and has been used by the media as a base for covering the war. The 3 a.m. airstrike turned the site a series of chalets nestled among trees that had been rented by various media outlets covering the war into rubble, with cars marked PRESS overturned and covered in dust and debris and at least one satellite dish for live broadcasting totally destroyed. The Israeli army did not issue a warning prior to the strike, and later said it was looking into it. Mohammad Farhat, a reporter for Lebanon's Al Jadeed TV in the south, said everyone rushed out in their sleeping clothes. The first question we asked each other: Are you alive?' Those killed were camera operator Ghassan Najjar and broadcast ...

NDTV Q2 results: Net loss at Rs 52.77 cr as production costs weigh

NDTV's total expenses surged 76% on the back of a jump in operating as well as production and marketing costs, as it continued to invest in newly launched TV channels and infrastructure

Disney to announce next CEO in early 2026, names James Gorman as new chair

The Walt Disney Co. is tapping Morgan Stanley executive James Gorman to serve as its next chairman, beginning early next year. The entertainment giant also announced that it anticipates naming its new CEO in early 2026. Gorman will become chairman on January 2, 2025. He will succeed Mark Parker, who is leaving after serving on Disney's board for nine years. Gorman is currently chair of Disney's succession planning committee. He serves as executive chairman at Morgan Stanley, but will be stepping down from that post at the end of the year. The Disney Board has benefited tremendously from James Gorman's expertise and guidance, and we are lucky to have him as our next Chairman particularly as the Board continues to move forward with the succession process, Disney CEO Bob Iger said in a statement on Monday.

Should you buy these 5 film & entertainment stocks this festive season?

Media stocks in focus ahead of big film releases this Diwali: PVRInox, Eros Media and Shemaroo Entertainment among 5 stocks that can rally up to 28% from here on, shows technical charts.

Digital transformation to drive media revenue growth to 8% by FY2027

The report analysed 20 media companies accounting for nearly 55 per cent of the media industry's revenue

ZEEL aims to deliver higher profitability through enhanced performance: MD

ZEE Entertainment Enterprises Ltd (ZEEL) aims to deliver higher profitability through enhanced performance across its businesses and generate better value for all stakeholders, the company's Managing Director & CEO, Punit Goenka said on Tuesday. Addressing employees at a town hall on the company's 32nd anniversary, Goenka said in the next 32 years he envisioned ZEE to "emerge as a beacon of hope and change for the society". "I envisage our purpose should be to enrich the lives of people around the world, by creating such extraordinary moments, that celebrate the power of optimism and togetherness," he said. During the session, Goenka reiterated ZEEL's "aspirations to deliver higher profitability through enhanced performance across the business and generate higher value for all stakeholders". The company said it continues to take the necessary action-oriented steps across the business to enhance the performance and deliver stronger returns, in line with the strategic plan laid out .

Control of Murdoch media at stake as hearing to begin with mogul, children

Rupert Murdoch and four of his children on Monday went before a Nevada probate commissioner behind closed doors to an evidentiary hearing that could decide who controls Murdoch's media empire after his death. The hearing scheduled to resume Tuesday and continue into next week comes after Murdoch, 93, moved last year to change the terms of his irrevocable family trust. The New York Times reported, based on a sealed Washoe County court document, that it was part of a bid to ensure that his eldest son, Lachlan, remains in charge of his cadre of newspapers and television networks, including The Wall Street Journal and Fox News Channel. The court has kept the hearings closed to the public and most documents sealed, largely rejecting requests for access by news organizations including The Associated Press. The trust was originally set up to give equal control over Rupert Murdoch's businesses to his four oldest children upon his death, according to the Times. Murdoch stepped down as lead

Russian state media outlet RT will continue to work in West, says editor

The United States also announced actions targeting RT, including Editor-in-Chief Margarita Simonyan, calling her "a central figure in Russian government malign influence efforts"

Media misleading public perception of film industry, says Suresh Gopi

Union Minister Suresh Gopi on Tuesday lashed out at the media, accusing it of misleading the public's perception about the film industry regarding the recent allegations of sexual harassment against actors and directors. The actor-politician termed the allegations as "food" for the media and said they were welcome to make money out of it. The Union Minister of State for Petroleum, Natural Gas and Tourism, however, said they should not try to destroy such a huge industry like cinema. He was responding to reporters' queries over the recent allegations of sexual harassment and abuse against various directors and actors, including CPI(M) MLA M Mukesh. "This is all food for you, is what I understand. You can use it to make money. (There is) no problem with that. But these issues are before the court, and it has the intelligence and logic to arrive at a decision regarding them. "You (media) are not only making people fight each other for your own gains, you are also misleading public ..

Skydance media asks Paramount to stop negotiating with Edgar Bronfman

This comes after veteran media executive Edgar Bronfman Jr sweetened his bid to take over Paramount offering $6 billion

Media veteran Bronfman raises bid for Paramount takeover to $6 billion

Paramount said on Wednesday it had received an acquisition proposal from Bronfman on behalf of a consortium of investors

Edgar Bronfman submits roughly $4.3 bn rival bid for Paramount Global

Skydance Media and its deal partners reached an agreement last month to acquire Paramount in a complicated transaction, in which it would buy out the Redstone family's controlling stake in Paramount

Good science, bad communication

Ignorance and misunderstanding are rife in how the media reports on scientific matters. Fiona Fox's book addresses this fissure and how to bridge the divide

USIBC recommends PLI for media, entertainment industry in upcoming Budget

A top India-centric American trade body on Sunday recommended that the Indian government should introduce production-linked incentives for the media and entertainment industry in the upcoming Budget. The trade body also called for steps to level the playing field between Indian and foreign companies. Ahead of the annual Budget presentation by Union Finance Minister Nirmala Sitharaman on July 23, the US India Business Council (USIBC) pitched for liberalising the satellite communications industry and taking measures to create a level playing field for Indian and foreign financial services firms and reduce friction in the flow of capital between the two countries. Proposing eliminating value restrictions on courier exports exceeding Rs 5 lakh to streamline processes and foster greater efficiency, USIBC, in its memorandum to the Union Finance Ministry, suggested removing restrictions on perishable goods shipped via courier to ensure swift clearance, supporting perishable trade dynamics

India to host first global summit for media & entertainment sector in Nov

India will host the first World Audio Visual and Entertainment Summit in November alongside the International Film Festival of India in Goa, with I&B Minister Ashwini Vaishnaw promising to strengthen the ecosystem for the protection of intellectual property rights in the media and entertainment sector. Vaishnaw and Goa Chief Minister Pramod Sawant made the announcement of the first World Audio Visual and Entertainment Summit (WAVES) in Goa from November 20-24 and described it as a visionary initiative by Prime Minister Narendra Modi as India seeks to make a mark in the media and entertainment sector. "IP rights hold huge value in the media and entertainment sector. We will be strengthening the ecosystem for protecting IP rights," Vaishnaw, the Information and Broadcasting Minister, said in his address at the curtain raiser event for WAVES. Vaishnaw said the government was also exploring ways to make available low-cost funds to the media and entertainment sector with learnings from

Media's window problem

With a deluge of films and shows, timing their release right is proving to be a challenge for the industry

Paramount Global, Skydance Media merger agreement ends Redstone era

Skydance will subsequently merge with Paramount, offering $4.5 billion in cash or stock to shareholders and providing an additional $1.5 billion for Paramount's balance sheet

Paramount's directors approve merger with Skydance ending Redstone era

The deal would elevate David Ellison, the 41-year-old tech scion who founded Skydance, as Hollywood's newest power broker

Skydance reaches new merger deal to buy controlling stake in Paramount

The news sent Paramount shares up 9 per cent in after-hours trading