Vice to file for bankruptcy if it can’t find a buyer as it becomes the latest new media company to collapse with dwindling revenue and interest Vice, founded in 1994 in Montreal as a free magazine: by 2017 it was valued at $5.7 billion, with 3,000 employees The company had a cable network, more than…
Tag: media
TUCKER OUT AT FOX
FOX News Media and Tucker Carlson have agreed to part ways. We thank him for his service to the network as a host and prior to that as a contributor. Mr. Carlson’s last program was Friday, April 21st. Fox News Tonight will air live at 8 PM/ET starting this evening as an interim show helmed by rotating…
PELOSI GIVES UP LEADERSHIP
House Speaker Nancy Pelosi said Thursday that she will not seek a leadership position in the new Congress, ending a historic run as the first woman with the gavel and making way for a new generation to steer the party after Democrats lost control of the House to Republicans in the midterm elections. In a spirited speech on…
CRYPTO MELTDOWN
Sam Bankman-Fried steps down as FTX CEO as his crypto exchange files for bankruptcy Sam Bankman-Fried’s cryptocurrency exchange FTX has filed for bankruptcy. Alameda Research and approximately 130 additional affiliated companies are part of the voluntary proceedings. Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, during an interview on an episode…
The Man Behind Ethereum Is Worried About Crypto’s Future
In a few minutes, electronic music will start pulsing, stuffed animals will be flung through the air, women will emerge spinning Technicolor hula hoops, and a mechanical bull will rev into action, bucking off one delighted rider after another. It’s the closing party of ETHDenver, a weeklong cryptocurrency conference dedicated to the blockchain Ethereum. Lines…
Sunday on 60 Minutes: The Facebook whistleblower
A former Facebook employee says tens of thousands of pages of internal company research she has provided to the Securities and Exchange Commission prove Facebook is lying to the public and investors about the effectiveness of its campaigns to eradicate hate, violence and misinformation from its platforms. That former employee, who anonymously filed the complaints…
Taliban militants violently disperse rare Afghan protest
KABUL, Afghanistan (AP) — Taliban militants attacked protesters Wednesday in eastern Afghanistan who dared to take down their banner and replace it with the country’s flag, killing at least one person and fueling fears about how the insurgents would govern this fractious nation. While the Taliban have insisted they will respect human rights unlike during…
Taliban seize fifth provincial capital in Afghanistan after string of victories
The Taliban have seized the city of Taloquan in northeastern Afghanistan, marking the fifth provincial capital to fall under their control in just a matter of days, a local journalist confirmed to CNN on Monday. Taloquan, the capital of Takhar Province, is the latest in a string of victories that come as foreign forces, led…
AP ‘horrified’ by Israeli attack on its office
An Israeli airstrike destroyed a high-rise building in Gaza City that housed offices of The Associated Press and other media outlets on Saturday. All AP employees and freelancers evacuated the building safely. AP President and CEO Gary Pruitt has released the following statement: We are shocked and horrified that the Israeli military would target and destroy the…
Facebook upholds Trump ban but will reassess decision over coming months
KEY POINTS Facebook’s oversight board ruled to uphold the company’s decision to suspend former President Donald Trump’s Facebook and Instagram accounts. But, the board said, the indefinite time frame of the suspension “was not appropriate.” The board effectively punted the decision on the length of the suspension back to Facebook, saying the platform “seeks to…
