A potentially awkward run-in. Machine Gun Kelly‘s ex-girlfriend Sommer Ray reportedly crashed a party he was playing — and sat near his fiancée, Megan Fox.
16.11.2022 - 22:53 / deadline.com
Nexstar Media Group, which has long been known for its enviable balance sheet and knack for finding ways to economize, plans to fund its investment in The CW with proceeds from its sale of a Chicago property to a casino developer.
While the company’s drive to wring profits out of The CW and also its pending sale of the Freedom Center have both been publicly disclosed, the dots were connected by CFO Lee Ann Gliha today at a conference hosted by investment firm Stephens. Nexstar President and COO Tom Carter also took part in the conference session.
Nexstar closed its acquisition of 75% of The CW last month, paying nothing up front but agreeing to take on the network’s debt and absorb its losses. Previous 50-50 partners Paramount Global and Warner Bros Discovery retained 12.5% stakes apiece. The money-losing network is expected to undergo a dramatic overhaul as Nexstar seeks to make it profitable by 2025.
“From a funding perspective, we’re in the process of selling one of the remaining properties we had in Chicago for $155 million of net cash,” Gliha noted. “That goes a long way to funding the investment that we’re going to have in the CW.”
The 30-acre site along the Chicago River near the city’s signature downtown Loop is due to become a $1.74 billion casino built by Bally’s, the gaming company confirmed earlier this month. It had mainly functioned as a printing and distribution facility for the Chicago Tribune and other print publications. The parcel was in the real estate portfolio that Texas-based Nexstar acquired in its $4.1 billion purchase of Tribune Media in 2019.
Nick Zangler, a research analyst for Stephens who moderated the discussion, said he lives near the Freedom Center. “We’ll see what happens to the
A potentially awkward run-in. Machine Gun Kelly‘s ex-girlfriend Sommer Ray reportedly crashed a party he was playing — and sat near his fiancée, Megan Fox.
NBCUniversal CEO Jeff Shell said Peacock has more than 18 million paid subscribers as of today, a nice bump from the 15 million it announced for the quarter ended Sept. 30, driven by programming migrated from Hulu, sports and Universal movies.
Davy Chou’s “Return to Seoul” is a fast one for the books, a film that (contrary to so much of contemporary cinema) delivers exponentially more than it promises. It begins as a modest, observational slice-of-life drama and slowly transforms into a movie about the lies we tell ourselves — about who we are, what we feel, and what we need.
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“Return to Seoul” is a film that played at a number of festivals in 2022, most notably TIFF and Cannes, where it earned rave reviews. However, when you look at the lineup of international films vying for Oscar glory, it doesn’t always get brought up.
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Still processing. Charli D’Amelio and Mark Ballas were “shell-shocked” after being named Dancing With the Stars‘ season 31 champions.
In 2011, director Davy Chou was heading to South Korea for the first time when one of his best friends decided to tag along to show him around “her country.”
Focusing on himself. Love is Blind season 3 alum Cole Barnett revealed that he began therapy after filming of the Netflix show wrapped.
Bradley Cooper is set to star in a previously announced Steven Spielberg “Bullitt” project, which is in development, according to an individual with knowledge of the project.Josh Singer will write the screenplay. The film will not be a remake but a new story with the Bullitt character at the center.Spielberg will direct.McQueen originally starred as Frank Bullitt in the the 1968 classic “Bullitt,” which followed a cop who is on the hunt for a mob kingpin that killed a witness.
EXCLUSIVE: Steven Spielberg looks to have found his Frank Bullitt as sources tell Deadline Bradley Cooper has closed a deal to play the no-nonsense San Francisco cop in the new original Bullitt story centered on the classic character famously played by Steven McQueen in the 1968 thriller, which is set up at Warner Bros. Cooper will also produce the pic along with Spielberg and his producing partner Kristie Macosko Krieger (marking their second collaboration after Maestro), with Josh Singer on board to pen the script. Steve McQueen’s son, Chad ,and granddaughter Molly McQueen will exec produce the new movie.
RRR filmmaker S.S. Rajamouli has said that his father, screenwriter Vijayendra Prasad, is “working on the story” for a sequel to the epic action smash.
Endeavor swung to the red last quarter with a $12.5-million loss stemming not from its core businesses but a minority investment in struggling college sports marketing film Learfield, and its remaining 20% interest in Endeavor Content.
Selena Gomez revealed that she may never be able to carry children because of her bipolar medications — but she still plans on becoming a mom.