Jason Kilar of CNN’s parent WarnerMedia and Fox Corp.Lachlan Murdoch broke news at a Morgan Stanley conference yesterday – that’s her business after all.The media giants’ changing strategies are in the spotlight as the Trump era fades, the pandemic nears its terminal stage (let’s hope), and billion dollar deals For Sports Rights Up For Renewal Here’s what the media moguls that caught our attention said:

Fox Says Biden Is Good For Business From a ratings standpoint, “the main beneficiary of the Trump administration was MSNBC,” said Mr Murdoch. “And that’s because they’re in loyal opposition, right? They called the president when He had to be called. That’s our job now with the Biden administration “(Here’s what CNN thinks about it)

Fox News recently fell behind CNN and MSNBC on major ratings for the first time in 20 years

CNN Says The Pandemic Is Good For Business “It turns out that the pandemic and the ways we can help educate and contextualize the pandemic are turning out to be really good for ratings,” said Mr Kilar added that “CNN is killing it, he later said on Twitter,” I wish I could go back and think about my communication “(Here’s what Fox News thinks about it)

The question, however, is whether there are enough people paying for cables these days to make WarnerMedia’s affiliate fees worthwhile for CNN

Fox Is Looking For Acquisitions Outside The Cable Mr. Murdoch said there are “a plethora of opportunities” for deals, from gaming to streaming to others (Fox Sports has the option to buy an 185 percent stake in the gambling group FanDuel This Summer) Forming &A Observer, it’s worth noting that the two-year moratorium on dealmaking after Fox’s sale of the 21st Century at Disney has now expired

WarnerMedia is likely to sell more products to manage its debt load, as it did when it sold a stake in DirecTV to TPG last month. “We will continue to be aggressive and disciplined about our focus,” said Mr. Kilar “And that could include some things that we bring to the company, but it probably also includes things that are not part of the company.” As for other potential deals, candidates could be a sale of Xandr, the advertising unit of WarnerMedia, or a connection between Dish and DirecTV include

Mr Kilar wasn’t asked about longstanding speculation that the company might sell CNN – speculation sparked when Jeff Zucker announced he was leaving the channel at the end of the year – even though the WarnerMedia boss had previously suggested he didn’t I have plans for this

Amazon could carry a lot of NFL. Only games that would shake up the rights to a cornerstone of Fox programming, according to the Wall Street Journal, Mr. Murdoch apparently referred to the journal’s report that Amazon could take over Thursday night games from Fox starting in 2022, stating that ” the most likely scenario “after negotiating with the league is that Fox will only keep the Sunday games. The annual fee for this package could double to $ 2 billion, according to The Journal

Another Bad Day – and a Bad Week – for the Market The S&P 500 had another day of downtime dragged down by technology stocks and jitter over inflation that Fed Chairman Jay Powell failed to dispel since the With stocks scheduled for a third week of decline, investors will focus on the monthly US Jobs report today for direction

China sets robust economic growth targets and strengthens Hong Kong At the Communist Party’s annual meeting, officials aimed for 6 percent annual growth, a sharp increase in military spending and an election overhaul in Hong Kong that would cripple the opposition there

President Biden Brings Leading Big Tech Critic to White House Tim Wu, a Colombian law professor and former Times Opinion writer, was appointed to the President’s National Economic Council It signals administration’s confrontational approach to the tech industry

Senate Takes Debate on Recovery Plan Senator Ron Johnson, Republican of Wisconsin, urged employees to recite the 628-page plan that lasted over 10 hours yesterday (If you need help getting to sleep, see here the video) The House will debate amendments today, with the final vote possibly taking place in the early hours of Saturday

Italy blocks vaccine exports, an escalation in global competition for supplies prevented Rome from opening 250000 doses of AstraZeneca coronavirus vaccine were flown to Australia This led to a surge in cases, slow adoption of the vaccine, and fears of mutations to encourage officials to take drastic action, potentially leading to retaliation

Eight Years, Six Legislative Sessions, and Thousands of Lawsuits Because of this, Congress has been considering a bill that will offer pregnant women clearer protection at work. Alisha Haridasani Gupta and Alexandra Petri report on better ones for the In Her Words newsletter Outlook than ever before

There is a renewed sense of urgency as the pandemic has displaced millions of women from work. When the Pregnant Workers Fairness Act, first proposed to legislature in 2012, was reintroduced last month, it had 225 sponsors, including 19 Republicans

The law would clarify the “shelter” companies should provide for pregnant workers, currently governed by a patchwork of state law and ambiguous provisions in a 1978 law that made it illegal for employers to conceive upon recruitment, dismissal and dismissal to consider promotion decisions

In cases of discrimination during pregnancy, courts usually side with employers This was the result of a recent four-year study by the advocacy group A Better Balance. Some of the housing courts have stated that there are no additional toilet breaks and stools to sit on at workplaces

“It’s just sensible legislation to keep women in the workforce,” said New York Representative John Katko, one of the Republican lawmakers who supported the bill that is expected to enter the House in the coming weeks happens

– Senator Sherrod Brown, Democrat of Ohio, at a hearing on “Wall Street vs. Worker “of the banking committee of which he is chairman

People with higher incomes tend to feel better, but don’t show greater compassion for others (Eddie Tong et al)

Generous government support has reduced corporate bankruptcies through “hibernation instead of zombification” ”(Mathieu Cros, Anne Epaulard and Philippe Martin)

In McDonald’s restaurants, an increase in the minimum wage results in more expensive Big Macs and few other operational or job effects (Orley Ashenfelter and Stepan Jurajda)

Yesterday we highlighted some of the signs people are preparing to go out into the world again, from buying concert tickets to booking cruises to visiting gyms Here’s another: Sonia Syngal, the CE.Ö of Gap, told the Wall Street Journal that the demand for more elegant clothes is increasing – expect a “peacock effect” that occurs when people emerge from Covid “

We asked you if you had other insights into life after the pandemic These are some of the indicators you reported to us:

Cape Cod vacation rentals for the summer are “out of sight,” said Ray, “They extend into the fall”

“Growing Brazilians and bodies is way up,” said Nickie in Virginia (who should know because she runs a salon) “People are preparing for the vacation and swimsuit season”

“I was stuck in a traffic jam on freeway 405 at 3:30 pm,” said Susan. “My thought: LEIN is back! ”

A Delaware judge recently knocked down energy company Williams’ “poison pills” provisions to protect against takeover attempts during the pandemic It was the first time in more than two decades that the influential Chancery Court held the most disputes in American company directs, invalidated poison pill passed by a public company The verdict is likely to be appealed, but corporate advisors have taken note of the possible implications

It Wasn’t a “Typical” Poison Pill The Board of Williams took measures at the start of the pandemic to protect itself from unspecified activist threats should the company’s stock price fall if the company’s stock price fell, it was unusually aggressive – the judge in Delaware called it “unprecedented” – because it was triggered when an investor amassed a 5 percent stake, a lower threshold than most of the others.The measures authorized the company to issue shares to dilute the activists’ power and also included provisions to the “wolf pack” to prevent unwanted investors from working together to build a stake in the company

It Still Changes the Conversation Business consultants can no longer tell the directors of the company that poison pills are essentially always being obeyed as it was now no longer the case.This is important as activism increases and many pills are being used by companies Introduced at the beginning of the pandemic, need to be renewed by shareholders

Jack Dorsey’s payment firm Square is to buy a controlling stake in Jay-Z’s music streaming company Tidal for $ 297 million, and the rapper will join Square’s board of directors (NYT)

On SPAC News, online insurance seller Hippo is merging with a blank check company owned by Reid Hoffman and Mark Pincus valued at $ 5 billion Photo sharing service Shutterfly is reportedly in talks with a SPAC valued at up to $ 5 billion and Chamath Palihapitiya sold his entire personal stake of more than $ 200 million to Virgin Galactic, which merged with one of its SPACs in 2019 (Reuters, WSJ, Business Insider)

The S.E.C. a task force set up to look more closely at business statements on climate change and social issues (Reuters)

Reddit has retired its first CFÖa clear sign that it is preparing to go public (NYT)

A new supersonic jet is said to transport up to 18 passengers from New York to London in an hour and a half (Telegraph)

The clothing company Suitsupply has an interesting idea of ​​what life will be like after the pandemic (AdAge)

Murdoch

World News – FI – What’s next for Fox and CNN?

Source: https://www.nytimes.com/2021/03/05/business/dealbook/fox-cnn-media-strategy.html