Author: News Room

By Dawn Chmielewski and Anirban Sen(Reuters) – Paramount Global is in talks about opening its books to a consortium of Sony (NYSE:) Pictures and buyout firm Apollo Global Management (NYSE:) interested in acquiring the U.S. media company, people familiar with the matter said on Wednesday.Advisers to both sides are discussing the terms of a confidentiality pact that allows the exchange of commercially sensitive information, the sources said. Doing so would pave the way for Apollo and Sony to firm up their $26 billion offer and challenge a rival bid from David Ellison’s Skydance Media. A special committee of Paramount’s board…

When an ad goes viral, it’s usually for one of two reasons — it resonates so deeply with viewers that they can’t stop talking about it … or it makes people so upset they rush to social media to voice their outrage. An Apple ad for its new iPad Pro seems to fall into the latter category. Posted on social media Tuesday by Apple CEO Tim Cook, the ad starts off as a sort of time capsule for human creativity. There’s a metronome. A record player. Then the lights come on in a warehouse-like room, where you see those items and…

Social media giant Twitter says a new system to prevent the spread of child sexual abuse material (CSAM) on its platform was “deployed seamlessly,” testing technology developed by the non-profit group Thorn. The Twitter Safety account announced on Tuesday that it participated in a beta test of the group’s AI-powered Safer solution to proactively detect, delete, and report text-based material containing child sexual exploitation. Through our ongoing partnership with @thorn, we’re doing more to create a safe platform. X was involved in testing Thorn’s solution during its beta phase to proactively detect text-based child sexual exploitation. This work builds on…

Legal expert disagrees with Trump defense team’s strategy shift for Stormy Daniels CNN senior legal analyst Elie Honig says he does not agree with the Trump defense team’s decision to extend their cross-examination of Stormy Daniels and warns them about being too aggressive when questioning her.

Paramount+ has greenlit drama The Chi, created by Emmy Award winner Lena Waithe, for a seventh season. News of the renewal comes ahead of the second half of the current sixth season, which returns on Showtime on Sunday, May 12. Paramount+ subscribers with the Showtime plan can get a head start on season six on Friday, May 10. Debuting in January 2018, The Chi from 20th Television is described as a coming-of-age story centering on a group of residents on the South Side of Chicago who become linked by coincidence but bonded by the need for connection and redemption. The…

Indiana, which catapulted the political careers of conservatives like former vice presidents Mike Pence and Dan Quayle, is one of the most Republican states in the country.Since 1940, the state has voted for the Republican presidential nominee in every election except for 1964 and 2008. And former President Donald Trump is virtually assured of winning the state this November, as he also did in 2016 and 2020.But an interesting thing happened on Tuesday: Trump won the GOP presidential primary, but former UN Ambassador Nikki Haley still won over 20 percent of the vote, despite her March exit from the race.With…

President Joe Biden underlined his threat to Israeli Prime Minister Benjamin Netanyahu.The White House has warned Israel of what will happen if they launch a large invasion of Rafah.Biden said he would cut off Israel from offensive weapons if such an invasion occurred. President Joe Biden on Wednesday underlined his warning to Israeli Prime Minister Benjamin Netanyahu if there’s a large invasion of Rafah, vowing to cut the US ally off from offensive weapons.”We’re going to continue to make sure Israel is secure in terms of Iron Dome and their ability to respond to attacks that came out of the…

(Reuters) – Media conglomerate News Corp (NASDAQ:) on Wednesday missed Wall Street estimates for third-quarter revenue, weighed down by a sluggish advertising market and lower physical book sales at its book publishing business.Inflation and higher interest rates have impacted News Corp’s businesses and dented its advertising sales.The company’s News Media segment, which includes the New York Post, The Times, the Sunday Times, among others, came under pressure as marketers kept a tight leash on ad budgets in an uncertain economy.News Corp, a part of media baron Rupert Murdoch’s empire, said it has been reviewing the company’s structure and that the…

ARC Document Solutions, a leading provider of document solutions, has reported a near 3% increase in overall sales for the first quarter of 2024, with a notable rise in earnings per share. The company attributes its top-line growth to a strategic sales focus, despite facing increased material and labor costs.ARC is optimistic about the future, banking on its color printing and document scanning and archiving services to maintain momentum. The company’s cash balance stands strong at over $50 million, and they are committed to rewarding shareholders with an annual dividend of $0.20 and ongoing stock repurchases.Key TakeawaysARC Document Solutions reported…

NEW YORK (Reuters) – Extreme heat and rising electricity demand are expected to drive up power prices in Texas this summer, while the rest of the U.S. power markets are broadly pricing lower, according to analysts and data this week.WHY IT’S IMPORTANT Imbalances in U.S. power supply and demand, along with extreme weather, can lead to wholesale power price spikes that can eventually be passed down to businesses and households.BY THE NUMBERSSpot wholesale electricity prices in the Texas power trading hub for August have consistently traded above $175 a megawatt-hour (MWh) so far this month, compared to an average of…