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26.04.2024 / 13:19

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The Onion Sold to Founder of Twilio, Who Taps Ex-NBC News Reporter Ben Collins to Lead Satire Site as CEO

Todd Spangler NY Digital Editor The Onion has a new owner: a company called “Global Tetrahedron,” which is a real thing based on a fake entity invented by the satire site more than two decades ago. G/O Media, a private-equity backed firm that has owned The Onion since 2019, sold the site to a new Chicago-based firm called Global Tetrahedron, which is “made up of four digital media veterans with a profound love for The Onion and comedy-based content,” G/O Media CEO Jim Spanfeller said in a memo to staff Thursday. Financial terms of the deal weren’t disclosed.

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YouTube Q1 Ad Revenue Climbs 21% to $8.1 Billion, Well Above Wall Street Forecasts

Todd Spangler NY Digital Editor YouTube keeps eating up more share of the advertising pie: The Google-owned video giant posted $8.1 billion in ad sales for the first quarter of 2024, its highest Q1 total to date. The figure for YouTube ad sales, up 21% year over year, was announced as part of parent company Alphabet’s Q1 earnings. Wall Street analysts expected YouTube’s ad revenue for Q1 to come in at $7.72 billion, according to StreetAccount.

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Imax Q1 Revenue Drops 9%, Earnings Beat Wall Street Estimates on Lift From ‘Dune 2’

Todd Spangler NY Digital Editor Imax fans turned up in droves to see “Dune 2” on the really big screen, helping the company top analyst earnings estimates for the first quarter of 2024. Despite the sandworm bump, it was a tough compare with the year-ago period when Imax benefited from the blockbuster success of “Avatar: The Way of Water” in 2023 to deliver its highest-grossing Q1 to date.

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Ari Emanuel Earned $65 Million Pay Package in 2023 as CEO of TKO Group, Parent of WWE and UFC

Todd Spangler NY Digital Editor Ari Emanuel, in his capacity as CEO of TKO Group Holdings — the parent company of UFC and WWE — had a compensation package last year that hit nearly $65 million. TKO granted Emanuel, who also is CEO of Endeavor, a base salary of $911,538, plus a $24 million cash bonus and stock awards worth $40 million in 2023, per a regulatory filing by TKO. All told, the exec’s pay package totaled $64.91 million.

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Will TikTok Be Banned in the U.S.? What the New Law Means for the App’s Users

Todd Spangler NY Digital Editor TikTok could be banned in the U.S. as soon as January 2025. Here’s what the new law means for users of the popular short-form video app.

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Senate Passes TikTok Ban Bill, Setting Up Legal Battle Between App and U.S. on First Amendment Issues

Todd Spangler NY Digital Editor The U.S. Senate voted Tuesday to approve a bill that would ban TikTok nationwide unless Chinese parent company ByteDance sells its stake in the popular app. The development will likely result in a court battle between the U.S.