Month: April 2020

David Levy, the former president of WarnerMedia’s cable and sports assets, has joined The Raine Group, an investment bank that specializes in the technology, media and telecommunication sectors. He is expected to help Raine identify and execute investment and advisory opportunities, and will be based in New York. “The Raine Group is a leader in
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Sen. Bernie Sanders endorsed Joe Biden for president in a livestream conversation between the two Democratic rivals on Monday. “We’ve got to make Trump a one-term president, and we need you in the White House,” Sanders said. “I will do all that I can to see that that happens, Joe… It’s imperative that all of
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ESPN, struggling to keep fresh programming on its schedule with live sports sidelined by the coronavirus pandemic, is asking some of its best-known personalities to take pay cuts. “We are asking about 100 of our commentators to join with our executives and take a temporary salary reduction. These are challenging times and we are all
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Motion Picture Industry Pension & Health Plans has revised eligibility rules for members of the International Alliance of Theatrical Stage Employees who are not working due to the coronavirus crisis. The plan‘s board of directors has voted to credit up to 300 hours toward the next eligibility period for members who are actively enrolled in its health plan
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Matt Holzman, who produced shows including “The Business” and “The Document” for Los Angeles-area public radio station KCRW, died Sunday of lung cancer. He was 56. Holzman was widely respected as a tireless booster of KCRW, a mentor and generous co-worker. A KCRW spokesperson said he died of stage four metastatic cancer, which was diagnosed
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Cinemark is launching an offering of $250 million in senior secured notes. The theater chain said the debt securities will be used for “general corporate purposes,” which include enhancing its liquidity at a time when cinemas have been closed indefinitely due to the coronavirus. Cinemark, which is the third largest exhibitor, said the debt will
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Quibi, the mobile-only streaming service from Jeffrey Katzenberg, surpassed 1 million installations within the first week of launch. According to analysts, the big-budget, short-form video streamer has had a relatively tepid reception in part because of the coronavirus pandemic. As of Sunday, April 12, the Quibi app had been downloaded and installed 1.15 million times,
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George Stephanopoulos revealed on “Good Morning America” Monday that he has tested positive for coronavirus, although he has remained asymptomatic. The diagnosis, he told colleagues on the ABC News program, was “really no surprise,” given that his wife, comic actor Ali Wentworth, has been grappling with the illness for several days. Stephanopoulos and his family
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Elvis Costello’s keyboard player of 43 years, Steve Nieve, has been doing a daily live-stream show from his home in France for more than three weeks, in which he often plays the compositions of his longtime musical partner. Easter Sunday’s webcast featured a surprise half-hour appearance by Costello himself, who joined Nieve for remote collaborations
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