Tag: Media

Jan252023 by Waqas-ChNo Comments

F1 sends incendiary letter to FIA after ‘inflated price tag’ claim

Formula One bosses have accused FIA president Mohammed Ben Sulayem of "unacceptable" interference in the alleged sale of the sport.After reports of a $20 billion (£16.3 billion) Saudi Arabian bid to buy F1's commercial rights, Ben Sulayem raised concerns on Twitter about the potential consequences of an "inflated" takeover such as higher ticket prices for fans if the new owners tried to recoup their investment.He added that a potential buyer of F1 should "come with a clear, sustainable plan — not just a lot of money."Sky Sports News revealed on Monday his remarks angered senior F1's officials and now legal bosses have written to the FIA warning that Ben Sulayem's tweets had "interfered with our rights in an unacceptable manner"In a letter first reported by Sky News, but also seen by Sky...

Jan242023 by Waqas-ChNo Comments

Rupert Murdoch calls off proposed Fox-News Corp merger

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Rupert Murdoch, chairman of News Corp and co-chairman of 21st Century Fox, arrives at the Sun Valley Resort of the annual Allen & Company Sun Valley Conference, July 10, 2018 in Sun Valley, Idaho.Drew Angerer | Getty ImagesRupert Murdoch has withdrawn the proposal to re-combine Fox Corp and News Corp.Fox said Tuesday its board received a letter from Murdoch, its chairman, and his son and Fox CEO Lachlan Murdoch that "determined that a combination is not optimal for the shareholders" of either of the companies at the time.related investing newsThe potential merger had faced opposition from shareholders in recent months, who didn't believe a merger would show the true value of News Corp. if it merged with Fox.News Corp CEO Robert Thomson told employees Tuesday the decision to call off...

Jan72023 by Waqas-ChNo Comments

Who would buy WWE, as McMahon returns to board to pursue sale

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World Wrestling Entertainment Inc. Chairman Vince McMahon is introduced during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 in Las Vegas, Nevada.Ethan Miller | Getty ImagesVince McMahon has returned to the World Wrestling Entertainment board of directors to facilitate potential sale talks ahead of the company's media rights renewal.The notion of WWE selling isn't new. CNBC reported it looked like a sale target in April and that it appeared only more attractive in July after a sexual misconduct scandal. The rationale is fairly straightforward: WWE is valuable intellectual property.Owning IP allows streaming services to exclusively offer content without the annoyance of winning licensing rights in an auction every few years. WWE also has value to offer in ...

Jan42023 by Waqas-ChNo Comments

Endeavor falls after UFC boss Dana White hits wife

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Dana White appears at the UFC 282 post-fight press conference on December 10, 2022, at the T-Mobile Arena in Las Vegas, NV.Amy Kaplan | Icon Sportswire | Getty ImagesMedia and entertainment company Endeavor saw its shares fall Tuesday after a video showing Dana White, president of its Ultimate Fighting Championship business, slapping his wife.Endeavor shares closed down nearly 6%.This week, a video published by TMZ showed White getting into an altercation with his wife, Anne, at a New Year's Eve party in Cabo San Lucas, Mexico. In the video, it appears the two are arguing before Anne White slaps Dana White. He then slaps her.Endeavor and the UFC didn't immediately respond to requests for comment.White issued a public apology Monday, according to media reports. Anne White also issued a s...

Dec312022 by Waqas-ChNo Comments

Barbara Walters, pioneering TV journalist, dies at 93

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Barbara Walters.Toby Canham | Getty Images Entertainment | Getty ImagesBarbara Walters, the pioneering TV broadcaster who blazed a trail for women in a male-dominated medium, died Friday. She was 93.Her death was confirmed by her representative, Cindi Berger, who said Walters died "peacefully in her home surrounded by loved ones.""She lived her life with no regrets," Berger said. "She was a trailblazer not only for female journalists, but for all women."ABC, the network where she last worked, aired a special report Friday night announcing Walters' death and reflecting on her career. Bob Iger, CEO of the Walt Disney Company, parent of ABC, said in a statement Walters died Friday evening at her New York City residence.He called her "a pioneer not just for women in journalism but for journ...

Dec242022 by Waqas-ChNo Comments

Jury finds Tory Lanez guilty in the shooting of Megan Thee Stallion

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A jury found rapper Tory Lanez guilty Friday of all charges in the 2020 shooting of Megan Thee Stallion outside a Los Angeles party.The Grammy-winning rapper accused Lanez of shooting her in the foot after the pair left a party at Kylie Jenner's home in 2020. Lanez, whose legal name is Daystar Peterson, pleaded not guilty to shooting her and dedicated an entire album to rebutting Megan Thee Stallion's version of events.He was originally charged with assault with a semiautomatic firearm and carrying a loaded, unregistered firearm in a vehicle. Prosecutors added a third charge, discharging a firearm with gross negligence, earlier this month. Lanez faces a maximum sentence of 22 years and eight months in prison. He may also face deportation to his home country of Canada after serving his s...

Dec12022 by Waqas-ChNo Comments

Fox CEO Lachlan Murdoch to face questioning in Dominion lawsuit

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Lachlan Murdoch, co-chairman and chief executive officer of Fox Corp., attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, July 11, 2019.Brendan McDermid | ReutersFox Corp. CEO Lachlan Murdoch is slated to appear for a deposition on Monday as the Dominion Voting Systems defamation lawsuit against the company and its cable networks moves forward.Dominion's lawsuit against Fox, which is seeking $1.6 billion in damages, has argued Fox News and Fox Business made false claims its voting machines rigged the results of the 2020 election between Donald Trump and Joe Biden.Fox personalities including Maria Bartiromo, Sean Hannity, Tucker Carlson and Jeanine Pirro were deposed earlier this year.Murdoch will be the highest ranking executive to be questioned so far. A...