Between the shrimp cocktail shooters and flashy performances at their upfront presentations, you would have no idea that traditional TV networks have a very real problem on their hands.
The big picture: According to four years of data from Nielsen's Total Audience Reports, every age group except those aged 65+ is spending less time — and in the case of younger Americans, far less time — watching television live or via DVR.
Go deeper: How American TV consumption is changing, in one chart.
Illustration: Aïda Amer/Axios
Photo: Patrick McDermott/Getty Images
The Washington Redskins have announced they will be conducting a review of the team's name after mounting pressure from the public and corporate sponsors.
Why it matters: This review is the first formal step the Redskins are taking since the debate surrounding the name first began. It comes after weeks of discussions between the team and the NFL, the team said.
Illustration: Sarah Grillo/Axios Visuals
Grocery delivery company Instacart has raised $100 million in new funding, on top of the $225 million it announced last month, the company tells Axios. This brings its valuation to $13.8 billion.
Why it matters: This funding comes at what could be an inflection point for Instacart, as customers it acquired during coronavirus lockdowns decide whether they want to continue with the service or resume in-person grocery shopping.