NBCUniversal Earnings Drop as Pandemic Hits TV Advertising, Theme Parks

“The Bachelor” star Amanda Stanton has fired back after she was slammed for driving to Arizona from California to get her hair done amid the coronavirus crisis.

LOL! Brooke Shields and her 17-year-old daughter, Rowan, cracked up after filming a painful TikTok video.

By Dominic Patten

Comcast is uniting its NBCUniversal and Sky business units with a new advertising and partnerships offering. The company revealed the new ad solution during an industry update event that it streamed to its advertising clients Monday morning.

By Dade Hayes

Spanish-language media giant Univision Communications, which earlier this year agreed to sell a majority staketo an investor group led by former Viacom CFO Wade Davis, on Friday reported lower first-quarter earnings despite an 8 percent revenue gain as carriage and licensing fee gains outweighed the early negative hit from the novel coronavirus pandemic on advertising.

Spanish-language media giant Univision Communications, which earlier this year agreed to sell a majority stake to  an investor group led by former Viacom CFO Wade Davis, reported lower first-quarter financials on Friday as the novel coronavirus pandemic started impacting advertising revenue in March.

Liberty Media, the company controlled by billionaire mogul John Malone that houses assets like audio entertainment giant SiriusXM, the Atlanta Braves baseball club and the Formula One racing circuit, on Thursday (May 7) reported stable first-quarter overall revenues, but a steep 84% revenue loss from its Formula One race car division. Liberty Media posted

Sir Billy Connolly has seen his earnings drop since retiring from stand-up, new figures have revealed.

Mama June is working on her fitness while in quarantine! The 40-year-old reality star — born June Edith Shannon — was spotted doing a beach yoga workout on on May 6, while staying six feet away from her trainer. The Here Comes Honey Boo Boo star has been trying out different workouts in an effort to maintain her slender frame.

NBCUniversal is joining the growing ranks of new streaming services, including — but definitely not limited to — Apple TV+, Disney+, HBO Max, and Quibi.

Discovery on Wednesday reported better-than-expected earnings and unchanged U.S. advertising revenue for the first quarter, which during the back half of March started seeing first effects on TV advertising from the novel coronavirus pandemic.

By Brian Steinberg

By Dade Hayes

MoffettNathanson analyst Michael Nathanson on Monday downgraded his rating on the Walt Disney Co.'s stock from "buy" to "neutral" due to the novel coronavirus pandemic ahead of the Hollywood conglomerate's Tuesday earnings report and cut his price target by $8 to $112. "There are a number of risks that could lead this unprecedented event to have a longer impact, with earnings revisions massively skewed to the downside," he wrote in a report.

Spotify's prevailing message with its quarterly earnings report on Wednesday should help much of the music business breathe easy as the global markets are distressed: streaming and subscription revenues are expected to continue with little interruption in 2020.

By Jill Goldsmith

Music streaming giant Spotify said Wednesday that it swung to a first-quarter profit and grew its user base to 130 million premium, or paid, subscribers and 286 million total active monthly users as of the end of March. However, it reduced its full-year revenue guidance range, citing the advertising hit caused by the novel coronavirus pandemic and currency exchange rates.

An 'experienced' dealer caught peddling crack cocaine and heroin for a second time is beginning another spell behind bars.

Google reported its weakest revenue growth in nearly five years as the pandemic-driven recession began to shrivel its advertising sales in the first quarter.