In today’s digital age, the decline of traditional television continues its downward spiral. According to Nielsen’s monthly streaming report, The Gauge, total traditional TV usage, including both broadcast and pay-TV, dropped below the 50% mark for the first time ever in July. The numbers speak for themselves – usage among pay-TV customers fell to 29.6%
Business
Telesat, the Canadian telecommunications satellite operator, has made a significant announcement regarding its ambitious Lightspeed global internet network. The company has opted to switch suppliers for the construction of this groundbreaking project, choosing Canadian space company MDA over French-Italian manufacturer Thales Alenia Space. This strategic move is expected to result in substantial savings of approximately
In the wake of devastating wildfires in Maui, several major airlines including American Airlines, Southwest Airlines, and Alaska Airlines have taken steps to assist customers and facilitate their departure from the affected areas. The wildfires, which have tragically claimed the lives of at least 36 people and prompted widespread evacuations, have left behind a trail
In a bold move, Disney’s ESPN has announced its foray into the world of sports betting with the launch of ESPN Bet. Partnering with U.S. gambling company Penn Entertainment, ESPN will rebrand and relaunch Penn’s Barstool Sportsbook as its exclusive sports-betting platform. This strategic collaboration marks ESPN’s first branding effort in the sports-betting space and
As the mortgage rates continue to rise, potential homebuyers are facing an increasingly challenging situation. Not only are they dealing with higher interest rates, but now it has become even more difficult to qualify for a mortgage. According to the Mortgage Bankers Association (MBA), the credit availability index has dropped to its lowest level since
The sports trading card industry has recently become a battleground for two major players, Fanatics and Panini. These industry giants have found themselves entangled in a legal battle, each filing lawsuits against the other. Panini kicked off the clash by filing an antitrust lawsuit against Fanatics, accusing them of engaging in “calculated, intentional, anticompetitive conduct”
With the rise of automation, it is undeniable that certain jobs will become obsolete in the coming years. However, this technological shift also offers a unique opportunity for workers to embrace the change and play a pivotal role in building and implementing this technology. Both humanoid and nonhumanoid robots are expected to reduce employment in
Goldman Sachs, the renowned Wall Street brand, has long been recognized for its dominance in trading and investment banking. However, since the 2008 financial crisis, these high-profile businesses have lost favor with investors. As a result, areas like wealth and asset management have emerged as more valuable, stable, and fee-generating components of Goldman’s operations. This
Shares of electric truck maker Nikola took a nosedive, dropping over 10% on Friday, following a series of unfavorable events. The company’s CEO, Michael Lohscheller, announced his immediate departure due to a “family health matter,” adding to the company’s growing list of setbacks. In his place, the former General Motors vice chairman, Steve Girsky, will
Warner Bros. Discovery, the media and entertainment conglomerate, recently released its second-quarter results, which fell below expectations in various areas. The company also reported a decline in subscriber totals compared to the previous quarter, generating concern among investors and analysts. At the end of the second quarter, global direct-to-consumer streaming subscribers stood at 95.8 million,