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03.04.2025 / 13:19

U.S. Stock Markets Plunge, Registering Shock At Trump Tariffs

U.S. stock markets plummeted after the opening bell Thursday, as investors registered shock at President Donald Trump‘s sweeping retaliatory tariffs.

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Trump’s ‘Illogical and Absurd’ Tariffs Trigger Broad Market Slump, Sending U.S. Media and Tech Stocks Even Lower

Todd Spangler NY Digital Editor President Trump’s sweeping and severe new tariffs on more than 180 countries prompted a sell-off in stock markets in the U.S. and abroad, raising investor alarm over looming trade wars and accelerating inflation as the levies threaten to increase prices for consumers. At the open of regular U.S.

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YouTube Now Worth as Much as $550 Billion, Analysts Say: ‘New King of All Media’

Todd Spangler NY Digital Editor As YouTube marks its 20th anniversary, the Google-owned video giant is the “new king of all media” — larger and more powerful than any other player in Hollywood — according to an influential Wall Street research firm. What’s more, it’s in a position to gobble up even more screen time and grow bigger. For the full year 2024, YouTube was already the second-largest media company by revenue at $54.2 billion, trailing only Disney, according to estimates by MoffettNathanson principal analyst Michael Nathanson.

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Judge Dismisses Claims Against Fox News in Assault Case

Brian Steinberg Senior TV Editor A federal judge dismissed claims made against Fox News Channel in a lurid assault case that involved a former associate producer and a former correspondent, noting that management of the cable-news outlet had no knowledge of any conflict or relationship between the two parties until it was notified she had levied sexual harassment claims against him. Fox News had last year filed a request for summary judgement in the case, in which the former producer, Jennifer Eckhart alleged she was raped by Ed Henry, a former Fox News correspondent who was dismissed from the Fox Corp.-backed outlet in 2020 following an investigation into a complaint about “willful sexual misconduct in the workplace.” Eckhart’s lawsuit was filed in U.S.

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Tech and Media Stocks Hammered Amid Global Instability and Ratcheting Tariff Fights

Cynthia Littleton Business Editor U.S. equities markets took a beating Monday as global investors reacted to signs of slowing demand and the instability driven by the nation’s ratcheting tariff wars with Canada, China and other key trade partners. Tech’s “Magnificent Seven” stocks — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla — all took a drubbbing, led by Tesla with a 15.4% plunge.

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Key Rupert Murdoch Ally Robert Thomson, CEO Of News Corp, Sees “Early Trump 2 Turmoil” Easing Up Soon: “This Is Not A Permanent Revolution”

Robert Thomson, a close ally of Rupert Murdoch and CEO of the media titan’s News Corp, said the initial “turmoil” of Donald Trump‘s time in the White House is certain to calm down in the coming months.

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Fox Hires Peter Distad, Previously Head of Ill-Fated Venu Sports, as CEO of Direct-to-Consumer Streaming Service

Todd Spangler NY Digital Editor Pete Distad has a new gig after the shutdown of sports-streaming joint venture Venu Sports. Fox Corp. has hired Distad as CEO of the company’s recently announced direct-to-consumer streaming division.

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“A Mindset Change In The Country” Since Trump’s Win Is Drawing Blue-Chip Advertisers Back To Fox News, Top Exec Says

In the wake of Donald Trump‘s victory in the presidential election, “a mindset change in the country” has lured a number of top-tier advertisers back to Fox News, according to a top exec at Fox Corp.

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Fox Corp. CFO Steve Tomsic Clarifies The Company’s Streaming Approach: “We’re Not Trying To Chase The SVOD Dream”

Fox Corp. CFO Steve Tomsic sought to clarify the company’s surprising announcement earlier this month that it plans to launch a general-interest subscription streaming service later this year.

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Super Bowl 2025 Scores Record $800 Million-Plus in Ad Sales for Fox Corp., Tubi

Todd Spangler NY Digital Editor Fox Corp. is boasting a record haul in ad sales for Super Bowl LIX, which aired on Fox and was streamed for free on Tubi, of more than $800 million in gross revenue across all platforms.

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Fox Pulls In $800M In Super Bowl Ad Revenue

Fox Corp. says it collected more than $800 million in advertising revenue from its broadcasts and streams of Super Bowl LIX on Fox, Fox Deportes and Tubi.

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After Kanye West Super Bowl Ad Promoting Website Selling Swastika T-Shirts, Online Store Is Taken Down By Shopify – Update

UPDATED with take-down of e-commerce site. An e-commerce website that was promoted by Kanye West via a stealth Super Bowl ad and later sold swastika T-shirts has been taken down by Shopify for violating the company’s terms of service.

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Pay-TV Bundler Philo Reveals $450M In Annual Revenue, Acquisition Of TVOD Outlet Row8 And Hiring Of Tubi Alum Edward King In Top Product Role

EXCLUSIVE: Pay-TV bundle Philo is hitting some notable operational milestones in its eighth year as a full-fledged pay-TV service.

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CEO Of Rupert Murdoch’s News Corp. Says Donald Trump’s Election Win Lifted “Yoke Of Woke” From U.S. Businesses

Robert Thomson, CEO of Rupert Murdoch’s News Corp, didn’t exactly tiptoe around the subject of politics when presiding over the company’s quarterly earnings call Wednesday.

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Bob Iger Explains Why Venu was Scrapped, Why Disney Bought Fubo and Why New Skinny Bundles Help ESPN

Brian Steinberg Senior TV Editor Disney thinks an emerging suite of so-called “skinny bundles” serves as a better way to make ESPN available to cord-cutters than Venu, a now-scuttled streaming sports joint venture with Warner Bros. Discovery and Fox Corp., ever would have. Disney’s goal for ESPN is “to make ESPN as accessible as possible and in as many ways as possible to the consumer,” said Bob Iger, Disney’s CEO, during a call with investors Wednesday.

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Fox Corp. Gets Q2 Profit Boost From Political Ads, Sports

Brian Steinberg Senior TV Editor Fox Corporation saw profit in its fiscal second quarter surge due to its reliance on news and sports programming, with ads tied to the 2024 presidential election and big-audience MLB and NFL telecasts giving a boost to operations at the company. The owner of Fox News Channel and the Fox broadcast network said net income attributable to the company came to $373 million, or 81 cents per share, compared with $109 million, or 23 cents per share in the year-ago period.

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Fox Corp. Rides Ad Sales Boom From Sports And Political Coverage In Strong Fiscal Q2 Report

Fox Corp. exceeded Wall Street expectations in the October-to-December quarter, riding a surge of advertising revenue from news and sports.

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Bret Baier Takes on Super Bowl Pre-Game Talk With Trump for Fox News

Brian Steinberg Senior TV Editor A pre-game interview with the President of the United States before the Super Bowl, a modern tradition that has become less reliable in recent years, is back on, at least for 2025. Bret Baier will interview President Donald Trump on Sunday, February 9, in the hours ahead of Fox’s broadcast of Super Bowl LIX. The agreement marks a rebound of sorts for Fox, which was unable to come to terms with the Biden administration for a similar conversation in 2023 for Super Bowl LVII.

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Super Bowl Ad Prices Top $8 Million as Surge Fuels Fox Sales

Brian Steinberg Senior TV Editor Super Bowl LIX is still days away, but someone has already scored a key Big Game touchdown. Fox Corp. sold at least 10 of the commercials that will appear in its Feb.

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Fox Breaks $8M Barrier For A 30-Second Super Bowl Ad, Selling At Least 10 Spots At That Level

Fox has cracked the $8 million mark for a 30-second Super Bowl ad, selling at least 10 spots at that level, according to sources familiar with negotiations ahead of the February 9 game.

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