Disney Barely Hedges Its Streaming Bet

Disney sure isn’t playing it safe with streaming. The entertainment giant’s fiscal third-quarter results late Wednesday were largely a hit. Revenue and operating income surpassed Wall Street’s expectations, thanks mostly to strength in its domestic theme parks, where operating profits are now exceeding prepandemic levels. The company’s cable TV and broadcast business held steady, and …

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YouTube Still Reigns as TikTok Surges Among Teen Social-Media Users, Survey Says

The number of teenagers who say they are chronically online has nearly doubled since 2015, according to a new survey from Pew Research Center that also illustrates how rapidly the competitive landscape for social media is changing. YouTube is the most popular platform among U.S. teens, with 95% of the coveted demographic saying they use …

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Key Words: Mark Cuban says buying metaverse real estate is ‘the dumbest shit ever’

Billionaire entrepreneur Mark Cuban loves cryptocurrency and Web3 technology, but thinks buying digital real estate in the metaverse is not a good idea. “The worst part is that people are buying real estate in these places,” Cuban told YouTube channel Altcoin Daily this week. “That’s just the dumbest shit ever.” Cuban, who is one of …

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Key Words: ‘A stay-in-debt-forever scheme’: Student loan debt-collection system is too harsh, Education Department official says

Defaulting on your student loans could lead to the federal government withholding your wages, your tax refunds and possibly your Social Security income — a process that’s both blunt and punitive, one government official says. “Even if you were a hard-nosed accountant who only cared about collecting money for taxpayers, it makes no sense to …

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Did a Robot Help Create That Ad? The Answer, Increasingly, Is Yes.

In late 2021, as states eased pandemic restrictions and consumers began flying again, travel search company Kayak needed a message that would help it stand out against bigger rivals. Most travel ads focused on “the family reunion space, soft piano music, the get-together on the beach,” said Matthew Clarke, vice president of North American marketing …

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BuzzFeed Expects Recession Fears to Pressure Advertising

BuzzFeed Inc. posted a wider quarterly loss amid rising costs and expenses, and said it expected recession concerns to keep putting pressure on the advertising market. The digital media company, which beyond its namesake site houses the Tasty, Complex and HuffPost brands, said it lost $23.8 million in the second quarter, compared with a loss …

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Personal Finance Daily: Where are the high-paying ‘green’ jobs? Often in the states fighting against them and here’s how you can earn more than 6 figures renting your pool out

Hi, MarketWatchers. Don’t miss these top stories. Have a pool? Here’s how you can earn more than 6 figures renting it out There are now more than 25,000 pools listed on Swimply, which operates in the U.S. and Canada. Read More People are getting ‘squeezed’ by soaring rents, especially Gen Z, according to Bank of …

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Microsoft Asks Staff to Curb Expenses

Microsoft is asking teams across the company to rein in some employee expenses as the software giant tries to control costs in the current economic environment. Managers at the Redmond, Wash., company have told staff of various cutbacks to the company’s budget, said people familiar with its plans. Some spending on business travel, outside training …

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Nielsen Says Buyout Group Has Reached Deal With Largest Shareholder

Nielsen Holdings largest shareholder has reached a tentative agreement to support the $10 billion buyout of the TV ratings company by a consortium of private-equity firms, the company said. Nielsen said Tuesday it is postponing its shareholder vote on the buyout deal as the consortium, which is led by Elliott Management Corp.’s private-equity arm and …

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News Corp Posts Revenue Growth, Boosted by Dow Jones

News Corp said revenue increased by 7.3% in the latest quarter, thanks to continued strength in advertising and rapid growth at Wall Street Journal parent Dow Jones & Co. The New York-based media company, whose holdings include The Wall Street Journal, HarperCollins Publishers and news organizations in the U.K. and Australia, reported $2.67 billion in …

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