It’s hard to view the past year in the news business as anything other than testy and tumultuous.
Media Shares, Broader Market Rise On Data Showing Inflation Slowed In November
13.12.2022 - 17:45 / deadline.com
Shares rocketed higher in early trading as new data showed inflation slowed more than expected last month after a string of aggressive interest rate hikes by the Federal Reserve meant to tamp down an overheated economy.
The welcome news came ahead of the Fed’s last scheduled meeting of the year tomorrow where it’s expected to announce an interest rate hike of 50 basis points, following four consecutive 0.75% increases this year that had economists, companies and consumers worried about imminent recession. A string of media executives in recent weeks have noted a glum ad market with advertisers pulling back due to the lack of economic clarity.
Fed chair Jerome Powell is planning a press conference tomorrow afternoon.
The DJIA opened up 600 points, off premarket highs. Among big media stocks, Disney is up 1.57%; Warner Bros. Discovery up 4.5%.; Comcast up 3%.
The Consumer Price Index, or CPI, rose 7.1% in November from the year before and was up 0.1% from October, according to monthly data released today by the Bureau of Labor Statistics.
Expectations were for a higher 7.3% year-on-year rise, and in line with the 0.1% monthly increase.
Stripping out volatile food and energy prices, what’s called “core” inflation rose 6% year on year and 0.2% month over month in November vs. expectations of 6.1% and 0.3% increase.
Housing costs made up nearly half of the increase of the core CPI, rising 7.1% over the year.
The Fed hadn’t raised rates so fast and so much since the 1980 as it tried to combat inflation that was also at a 40-year high. Prices have jumped this year for a handful of reasons including high demand and consumer spending, ongoing Covid-related supply-chain issues and others disruptions caused by the Russia-Ukraine
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deadline.com
28.12.2022 / 13:37
Former HBO Europe CEO Linda Jensen To Run Greece’s Antenna Group
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deadline.com
28.12.2022 / 06:33
Russia Puts Christo Grozev, Journalist Featured In ‘Navalny’ Documentary, On “Wanted” List
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deadline.com
26.12.2022 / 21:23
Ukraine Compares Fight Against Russia To ‘Die Hard’ In Video — Watch
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deadline.com
24.12.2022 / 02:59
Meta Paying $725M To Settle Cambridge Analytica Lawsuit By Facebook Users Who Said Their Personal Data Was Improperly Accessed
Meta Platforms has agreed to pay a record $725 million to settle a class-action lawsuit brought by Facebook users who alleged that the company allowed third parties to access their personal data.
usmagazine.com
23.12.2022 / 22:15
Ellen DeGeneres Calls Stephen ‘tWitch’ Boss ‘Magic,’ Shares Plans to ‘Honor’ Late DJ During the Holidays: ‘Hug Each Other’
Grieving a friend. Ellen DeGeneres is still sharing glimpses of her favorite moments with late DJ Stephen “tWitch” Boss nearly two weeks after he died by suicide.
deadline.com
20.12.2022 / 20:13
Bianca Del Rio, Thora Birch, Rachel Dratch, Willam Belli, Vanessa Vanjie Mateo & Doug Plaut Aboard For ‘Hurricane Bianca: The Roots Of All Evil’
EXCLUSIVE: RuPaul’s Drag Race winner Bianca Del Rio is returning for a third movie in the Hurricane Bianca franchise and will star alongside Willam Belli (A Star Is Born), Rachel Dratch (Wine Country), Thora Birch (The Walking Dead), Drag Race contestant fan favorite Vanessa Vanjie Mateo, and Doug Plaut (Unbreakable Kimmy Schmidt).
deadline.com
19.12.2022 / 23:23
Streamer Documentary+ Sets First Original Series ‘Picture Locked’ & ‘In My Own Words’
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deadline.com
19.12.2022 / 17:51
‘Sex Education’ Producer Eleven Sets Next Project: Adaptation Of Oliver Taylor & Dillon Mapletoft’s Stage Show ‘Fix My Brain’
EXCLUSIVE: Sex Education producer Eleven is embarking on its next project, a TV series adaptation of up-and-coming creative duo Oliver Taylor and Dillon Mapletoft’s stage show Fix My Brain.
deadline.com
17.12.2022 / 00:41
Brittney Griner Releases First Statement & Photos Since Arriving In The U.S., Thanks Her Wife Cherelle, Joe Biden & Casey Wasserman, Says She Will Return To The WNBA
Brittney Griner spoke out today for the first time since being freed from a Russian penal colony.
perezhilton.com
16.12.2022 / 22:43
Brittney Griner Breaks Silence On Return From Russia & Vows To Play In WNBA Again
Brittney Griner is grateful to be home!
deadline.com
16.12.2022 / 20:59
World Cup Ratings: France & Argentina Semi-Final Wins Draw Record Viewership On Fox
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deadline.com
16.12.2022 / 15:53
Ukraine-Shot Shoah Feature ‘Shttl’ Boarded By Upgrade Productions
EXCLUSIVE: Matt Brodlie and Jonathan Kier’s Upgrade Productions has boarded world sales rights to Shoah feature Shttl, which played at the London and Rome Film Festivals (where it won the audience award) this fall.
deadline.com
16.12.2022 / 14:39
David Fincher Set For Honorary Cesar Award; BFI & Film4 Launch £90,000 Short Film Fund; Liev Schreiber Boards Ukraine Doc; Mipdoc 2023 Expanded For 25th Anniversary; Mediawan & Atlantique Set Pegasus Scandal Series — Global Briefs
David Fincher To Receive Honorary Cesar AwardDavid Fincher is to receive an Honorary Award at this year’s Cesar Awards. The primary French awards show will fete the Gone Girl filmmaker at its 2023 ceremony on February 24 at the Olympia in Paris. The awards body described Fincher as an “outstanding technician” and “a true visionary.” Awarded since 1976, previous Honorary Cesar Award winners include Robert Redford, Penelope Cruz, and George Clooney. The nominees for the 48th César Awards will be announced on January 25.
deadline.com
16.12.2022 / 13:31
United Ukrainian Ballet Company The Focus Of Feature Doc ‘Front Row’ From Banijay-Backed ‘Human Playground’ Indie Scenery
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deadline.com
16.12.2022 / 13:09
Global Box Office Projected To Reach $29B In 2023 – Analysts
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deadline.com
16.12.2022 / 08:03
‘Shantaram’ Canceled By Apple TV+ After One Season
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