AT&T says it will begin charging consumers an additional $10 for its digital skinny bundle package of live TV channels. It will also streamline its DirecTV NOW service to offer two package options as opposed to five.
Why it matters: AT&T is most likely increasing the prices to drive profits. These bundles are typically much cheaper than the Pay-TV live packages consumers get through AT&T. Analysts predict the move could push subscribers to purchase competitor packages like YouTube TV or Hulu with Live TV.
Jumia, a pan-African e-commerce platform, filed for an IPO that would see it trade on the NYSE (JMIA) with Morgan Stanley as lead underwriter. The filing is for $100 million, but Renaissance Capital estimates that it may seek to raise five times that amount.
Why it matters: Jumia is considered to be Africa's first tech unicorn, even though it was founded by two Frenchmen and is headquartered in Germany. And, like so many U.S. unicorns, it has massive losses without a visible road to profitability.
CNN became the second news outlet sued by Nicholas Sandmann's representatives over their coverage of his January encounter with a Native American elder in Washington, D.C. And the Covington Catholic student's lawyer told Fox News’ "The Story with Martha MacCallum" Tuesday night they plan to file more lawsuits.
A new report out today from TV analysis firm TV[R]EV, given exclusively to Axios, finds that free TV streaming services are driving the adoption of digital TV ads.
Why it matters: These free, ad-supported apps have become hot acquisition targets for TV companies that want to sell digital TV ads, but don't have the digital TV audiences, and therefore digital ad inventory, to do so. Case-in-point: Viacom just acquired Pluto TV for $340 million.
HOUSTON — Facing investor pressure, one of America’s biggest oil producers has committed to setting targets to reduce emissions of methane, a potent greenhouse gas, from its oil and gas wells.
Why it matters: The move by Houston-based EOG Resources represents the latest in a growing trend of oil companies working with investors on increasing transparency and commitment to addressing climate change.
Tucker Carlson responded on his Fox News show Monday to audio footage of controversial past comments he'd made by declaring, "we will never bow to the mob."
Why it matters: His remarks on "Tucker Carlson Tonight" were the first time he had responded on TV and at any great length to the audioreleases by liberal advocacy group Media Matters for America of comments he'd made on "Bubba the Love Sponge" radio show. He did not directly respond to the remarks that were attacked for being racist, sexist and homophobic, saying it was "pointless to try to explain how the words were spoken in jest, or taken out of context.
What he's saying: "The great American outrage machine is a remarkable thing," he said. Carlson claimed the "liberal mob" was working hard to kill his show. "Fox News is behind us, as they have been since the very first day," he said. "[W]e've always apologized when we're wrong, and will continue to do that. That's what decent people do. They apologize. But we will never bow to the mob. Ever. No matter what."
Fox News has enjoyed record ratings over the past two years, but its close ties to the president and its commitment to right-wing opinion coverage is putting the network on the brink.
Driving the news: A series of damning reports over the past week has forced Fox News to issue statements addressing its values and judgment as a news company.
