Today's Media Trends is 1,771 words, a 7-minute read. Sign up here.
- Quibi is reportedly eyeing a sale as one of several strategic options. The streamer, which raised $1.75 billion, launched 6 months ago and has struggled to hit subscriber targets. A spokesperson tells Axios that "we do not comment on rumor or speculation."
- Activist investor Trian Fund Management has reportedly taken a roughly $900 million stake in Comcast, or about 0.4% of the company, per the Wall Street Journal. Activist investors like Trian typically push their targets to sell underperforming assets or change their strategy. While Comcast's broadband business is booming, its media businesses, NBCU and Sky, have faced pandemic-related advertising setbacks.