Group Nine Media, which includes digital lifestyle brands like The Dodo, NowThis, Thrillist and Seeker, will announce a new leadership team Tuesday expected to go into effect after the completion of the company's recently announced acquisition of PopSugar Inc., a digital media company that caters to millennial women.
Details: Group Nine's corporate leadership team will include leaders from both companies relatively equally. Brands under the combined company will essentially keep the same leadership.
Streaming companies are under so much pressure to juice their subscriber numbers that they're giving away access to subscribers for free on a trial basis, with the hope that they one day can get users to actually pay.
Why it matters: Subscription streaming providers have set lofty subscriber goals over the next few years. But without the distribution prowess of a wholesaler, like a telecom company, they won't be able to hit those numbers.
Media companies looking to expand outside of advertising, and especially into commerce, are increasingly following the same path down the grocery aisle.
Why it matters: Food and beverage caters to nearly every demographic. When launching forays into commerce, media companies are finding this an easy place to start.
Hedge funds saw overall negative returns for the second month in a row in September and investors continued to pull their money out, data from research firm eVestment shows.
Why it matters: It’s the latest piece of negative data for an industry that appears to have its best days behind it.
Ahead of Army Lt. Col. Alexander Vindman's Tuesday testimony in the House's impeachment inquiry, cable news hosts and contributors have — without evidence — questioned his loyalty to the U.S. because he was born in Ukraine.
Why it matters: Vindman, a decorated Iraq War veteran and the National Security Council's top Ukraine expert, will say that he conveyed concerns internally to officials after listening to President Trump's July phone call with Ukrainian President Volodymyr Zelensky.
The S&P 500 and the Nasdaq both closed at their highest levels on Monday, with the S&P hitting a new record for the first time since July.
Why it matters: The S&P broke out of the tight range it has been trading in for more than three months, as confidence appears to be flowing back through the market.
AT&T on Monday agreed to make major changes after a six-week standoff with activist investor Elliott Management.
The big picture: Current AT&T management stays, at least for now, but only after promising to boost buybacks, committing to lofty earnings targets, and promising to find someone new to run its media unit.
The number of American kids watching online videos every day has more than doubled, and they're glued to them for nearly an hour a day — twice as long as they were four years ago, the AP reports.
Why it matters: "It really is the air they breathe," said Michael Robb, senior director of research for the nonprofit Common Sense Media, which issued the report.
Democratic presidential candidate Sen. Kamala Harris denounced President Trump on NBC's "Late Night with Seth Meyers" for his "extraordinary" remarks at a news conference announcing the death of Islamic State leader Abu Bakr al-Baghdadi.
You would’ve [thought] that he was talking about watching and giving commentary on a video game."
The FCC will vote next month to ban companies from using federal telecom subsidies to purchase communications equipment from Chinese firms Huawei and ZTE.
Driving the news: The FCC’s order, to be voted on at the commission’s Nov. 19 meeting, would bar companies that receive funding from the $8.5 billion Universal Service Fund from using it to purchase equipment or services from suppliers deemed to pose a national security risk.
Taylor Swift will perform in Shanghai on Nov. 10 as part of Alibaba's countdown to its Singles Day sale, the world's largest online shopping event.
Why it matters: It's an easy way for the world's biggest pop star to get huge exposure in a massive market, but Swift is sure to face some blowback for choosing to perform for a Chinese tech giant after the recent NBA controversy highlighted the power that China's economy can have over Americans' free speech.
At least six former Fox News employees are calling on their old network to release them from nondisclosure agreements in order to allow them to speak out about potential sexual misconduct during their time at the company, Vanity Fair reports.
Driving the news: NBC News announced Friday it will release former employees from NDAs as it tries to control the damage stemming from allegations in former NBC reporter Ronan Farrow's new book, "Catch and Kill." The former staffers at Fox News — including former host Gretchen Carlson, the first woman to publicly file a lawsuit against former CEO Roger Ailes — are asking the network to follow suit.
This week will set the table for the fourth quarter in what's been a wild and highly unusual year. The stock market has risen more than 20% in 2019, but that's largely been because of a recovery from December's selloff in the first quarter.
The big picture: "Everybody’s squared up" in anticipation, says Ellis Phifer, market strategist at Raymond James. But this week has the potential for "all hell to break loose."
The U.S. jobs report will be the most watched piece of data this week, but Friday will also bring the October reading of the Institute for Supply Management's manufacturing data. The index fell to the lowest level since June 2009 in September.
Why it matters: The U.S. manufacturing industry has seen a consistent decline all year, falling into recession earlier in the year and showing outright contraction for the second month in a row last month.
Just one-fifth of the economists surveyed by the National Association for Business Economics said their companies have hired additional workers in the past three months, AP's Christopher Rugaber reports.
Why it matters: That is downfrom one-third in July. A broad measureof job gains also fell to its lowest level since October 2012.
