From Time Inc to Discovery: Warner Bros breakup puts spotlight on checkered M&A history
June 9 (Reuters) - Warner Bros Discovery (WBD.O), opens new tab, home to HBO and CNN, said on Monday it would split into two companies, the latest twist in its decades-long history of high-stakes mergers and breakups.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Mail
17 minutes ago
- Daily Mail
I've spotted an hideous hidden detail in THOSE wedding pictures of Taylor Swift and Travis Kelce. It's breathtakingly savage: KENNEDY
Beneath the façade of those joyful snapshots of Taylor Swift and Travis Kelce at a family wedding this weekend, I spied a cruel and vengeful undercurrent that's an absolute dagger to her former bestie . Blake is in the frosty doghouse – and though she's reportedly howling to reconcile with the godmother of her daughters, she's finding out the hard way that Tay don't play.
Daily Mail
17 minutes ago
- Daily Mail
Alec Baldwin's wife Hilaria divides internet over 'strange' workout in HEELS
's second wife Hilaria brought back her 'sexy' yoga tutorials in full force last Friday. The 41-year-old mother-of-seven donned a pair of sparkly red pumps while showcasing her slim 5ft4in figure as she demonstrated the moving bridge yoga pose, which she renamed 'glute bridge.' 'Lay on back, knees bent, feet hips distance,' Hilaria (born Hillary Lynn Hayward-Thomas) instructed her 1M social media followers. 'Press into feet and lift hips up and lower them down. Three sets of 10! Heels optional OBVIOUSLY!' Baldwin clearly divided Instagram with user @debbiemerle commenting: 'You look strange wearing [heels] to do this.' 'This is weird,' Instagram user @sunisinmyeyes agreed. Instagram user @tobylyfe commented: 'But really heels? C'mon, LOL!' 'Absolutely heels,' Instagram user @carolyn_k_hartman joked with a laughing emoji. 'Otherwise it doesn't do anything.' Instagram user @mbk1979 wondered about the Wizard of Oz-inspired footwear: 'What in the [Dorothy] is happening?' 'The shoessssss!' Instagram user @biancahull.s wrote before quoting Glinda the Good Witch. '"You always had the power my dear, you just had to learn it for yourself."' The Boston-born culture vulture used to co-own the yoga studio chain Yoga Vida in New York City with Michael Patton, but it went dark in 2023 - three years after her Spanish scandal which she claimed was due to her ADHD and dyslexia. On June 17, Hilaria and Alec will celebrate the 10th birthday of their son Rafael immediately followed by their 13th wedding anniversary on June 30. The Baldwins enlist two nannies to help care for little Rafa as well as their daughter Carmen, 11; son Leonardo, 8; son Romeo, 7; daughter Marilu, 4; son Eduardo, 4; and daughter Ilaria, 2. The 66-year-old Oscar nominee is also grandfather to two-year-old granddaughter Holland through his eldest daughter Ireland from his seven-year marriage to ex-wife Kim Basinger, which acrimoniously ended in 2002. The inseparable couple have yet to hear from TLC about whether or not their reality show The Baldwins was renewed for season two following their dismally-reviewed first season. 'This is weird,' Instagram user @sunisinmyeyes agreed Instagram user @tobylyfe commented: 'But really heels? C'mon, LOL!' 'Absolutely heels,' Instagram user @carolyn_k_hartman joked with a laughing emoji. 'Otherwise it doesn't do anything' When asked by E! News on June 2 what his ideal Father's Day celebration was, Alec mused: 'I'd ride my bike to Virginia. I'll have a long time with fresh air.' Baldwin is looking forward to taking the entire summer off to spend quality time with family at his 10-acre $1.75M four-bedroom Amagansett home. 'I've worried about work for 40 years and I don't want to think about it for a couple of months,' the Here's the Thing podcaster told the Associated Press on June 2. 'I want to be with my wife and my kids. I mean, if I work great. I'm not, like, neurotic about it. You know what? I mean like it's tough. Right now, putting movies together is tough.' Alec will serve as a member on the short film jury at the eighth edition of the Filming Italy Sardegna festival, which runs June 19-22 on the island of Sardinia. In April, ABC announced they were replacing Baldwin with Martin Short as executive producer and host of their Match Game revival, which begins filming in Montreal this June and airs this summer. The native New Yorker hosted the $25K fill-in-the-blank panel game show, which originally debuted in 1962 on NBC, for five seasons spanning 2016-2021. Alec is looking forward to taking the entire summer off to spend quality time with family at his 10-acre $1.75M four-bedroom Amagansett home: 'I've worried about work for 40 years and I don't want to think about it for a couple of months' (pictured June 3) Last month, Alec's troubled film Rust only earned $26,831 at the box office - all of which will be donated to the late cinematographer Halyna Hutchins' widower Matthew Hutchins and 12-year-old son Andros. Baldwin's involuntary manslaughter trial was dismissed July 12 after he denied ever pulling the trigger on the revolver that fired a single bullet into Rust director Joel Souza's arm and punctured the Ukrainian DP's chest killing her, at age 42, in 2021. On January 9, the three-time Emmy winner filed a civil lawsuit against the Rust case prosecutors, investigators, and commissioners for defamation and malicious prosecution and civil rights violations due to 'intentionally mishandling evidence.' Rust armorer Hannah Gutierrez-Reed was released from New Mexico Women's Correctional Facility on May 23 after serving 18 months for her involuntary manslaughter for her role in the shooting.
Reuters
19 minutes ago
- Reuters
USTR eases proposed penalties, fees for non-US LNG tankers, vehicle carriers
LOS ANGELES, June 9 (Reuters) - The U.S. Trade Representative softened fee proposals for non-U.S.-built LNG tankers and car carriers amid its ongoing effort to counter China's dominance on the high seas and revive domestic shipbuilding. The revised proposal, unveiled by USTR on Friday, would remove LNG-related penalties for failing to export a percentage of fuel on U.S.-owned ships. It also would reduce fees when foreign-built car carriers visit domestic ports and exempt those vessels when they are serving the U.S. military. USTR previously exempted ships carrying U.S. exports as well as operators of smaller ships from port fees originally aimed at China-linked vessels. The agency also exempted vessels that service the Great Lakes, Caribbean and U.S. territories. "This is a step in the right direction, and we look forward to working with USTR on a solution that ensures U.S. LNG remains competitive on the global stage," Rob Jennings, vice president of natural gas markets for the American Petroleum Institute, said on Monday. USTR caught the liquified natural gas industry off guard in April with new rules for outbound shipments of that fuel, sparking an outcry. It also surprised the vehicle carrier industry with a plan to impose port fees on all non-U.S.-built vessels in that segment - including U.S.-flagged and U.S.-crewed ships admitted to the U.S. Maritime Security Program (MSP) that supports Washington's military readiness. USTR on Friday removed language saying it could suspend LNG export licenses until its rules for moving a percentage of outgoing shipments on U.S.-built and operated vessels were met. On April 17, USTR said LNG producers would have to transport 1% of their exports on U.S.-built ships starting in April 2029. That percentage would escalate to 15% in April 2047 and beyond. The World Shipping Council, whose members vehicle carriers such as Norway's Wallenius Wilhelmsen ( opens new tab, did not immediately comment on the revisions. The vehicle carrier fee effective October 14 was to be $150 per car capacity of a non-U.S.-built ship known as roll-on/roll-offs, or RoRos. Typical RoRos have capacity to carry nearly 5,000 vehicles. In the revision, USTR lowered that fee to $14 per net ton. It also exempted vessels in the MSP, as well as U.S. government cargo - matching previous exemptions made for other vessel segments. Companies with ships in the MSP include Florida-based American Roll-On, Roll-Off Carrier Group, a U.S.-flag operator of vehicle carriers that is part of Wallenius Wilhelmsen Group, which did not immediately comment. The RoRo fees come on top of steep, 25% fees on auto imports imposed by Trump. These affect mainly European vehicles. U.S. exporters also use RoRos to export U.S.-made BMW SUVs, John Deere (DE.N), opens new tab tractors and other goods. Shipping industry groups and attorneys have said USTR overreached by levying fees on RoRos made in countries that were not part of the Biden administration's fast-track investigation into China. The USTR's revisions continued to reference "non-U.S. built" vehicle carriers. Interested parties, which were not previously given the opportunity to comment on rules for RoRos or LNG tankers, have until July 7 to submit feedback on the revisions.
