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Daily Mail
23 minutes ago
- Daily Mail
Bankrupt WeightWatchers seeks salvation with 'complementary' deal on fat jabs that nearly destroyed it
WeightWatchers is joining the fat-jab revolution as it seeks to reinvent itself after going bust. The storied U.S. dieting firm - which filed for Chapter 11 bankruptcy earlier this month - has teamed up with a UK-based anti-obesity drug firm named CheqUp. As part of the tie-up, CheqUp members will get access to a new WeightWatchers app designed to assist those taking weight-loss injections. WeightWatchers has helped millions lose weight by selling low-calorie foods, diet and exercise advice. However, the company has failed to compete with Ozempic and other breakthrough drugs that mean overweight consumers can shed weight quicker and with less effort. Its new app will support customers through the journey by recommending food choices that minimize the side effects of the medication while promoting healthy weight loss. These 'complementary offerings' will help those 'seeking sustainable weight loss through GLP-1 medication and behavioral support,' the two companies said in a joint statement. 'There is no doubt that the addition of WW breakthrough GLP-1 companion program will add enormously to our patients' ability to achieve sustainable weight loss,' James Hunt, deputy chief executive of CheqUp, said of the partnership. 'This partnership offers the most attractive proposition in the market for those looking to benefit from the incredible potential of GLP-1 medications and behavior change' Hunt added. CheqUp provides both semaglutide jabs, the active ingredient in Ozempic, and Wegovy and Mounjaro, which contains tirzepatide. WeightWatchers filed for bankruptcy in May after months of negotiations with its lenders. The weight loss company has been struggling under $1.6 billion of debt and a sinking stock price. The company, now known as WW, has already negotiated a deal with its creditors so it will enter Chapter 11 bankruptcy with a pre-packaged filing. The company will be taken over by the institutional investors that own its debts. This should allow the company to move out of bankruptcy quickly and keep its business running as normal in the process. Weight Watchers was founded in 1963 by Jean Nidetch, a housewife from Queens, New York. It all began in her kitchen, where she invited a group of friends over to talk about dieting and offer each other support. At the time, Jean was following a diet prescribed by the New York City Board of Health, but she realized that support and accountability made all the difference. The company has influenced millions of people in the U.S. and around the world, selling diet meals, magazines, books, and memberships to its weight-loss programs. Over the years, celebrities like Oprah Winfrey and Jessica Simpson have helped market the brand. In 2014, Simpson appeared in ads at age 33, showing off her post-baby weight loss in a form-fitting black dress. Alarm bells first rang for the company in March 2023, when shares hit an all-time low amid declining sales. The situation worsened when longtime investor Winfrey — who admitted to using weight-loss medication — stepped down from the board. Since then, the stock has continued its downward spiral. WeightWatchers' stock fell so low following the announcement of its bankruptcy that it was delisted by the Nasdaq index and has suspended trading. By comparison, Ozempic-maker Novo Nordisk is valued at around $297 billion.
The Independent
25 minutes ago
- The Independent
And with that, an era ends: 'Thanks for watching us. It's the NBA on TNT'
Ernie Johnson could barely get the words out. The run of 'Inside the NBA' on TNT came to an end on Saturday night after nearly four decades as a fixture of the league. The show will move to ESPN and ABC next season — and keep Johnson, Shaquille O'Neal, Kenny Smith and Charles Barkley together, still doing most shows from Atlanta — but the final TNT sign-off was an emotional one. 'I'm proud to say for the last time, 'Thanks for watching us. It's the NBA on TNT,'" Johnson said, before turning his back to the camera, placing his microphone on the desk and getting up from that set for the final time. NBA games will not be airing on TNT starting next season when the league's new television package kicks in — an 11-year media rights deal worth at least $76 billion, one that keeps games on ABC and ESPN, brings the league back to NBC and starts a new relationship with Amazon Prime Video. ABC will broadcast the NBA Finals, meaning the end of the Eastern Conference finals between Indiana and New York was the end of TNT's run. Turner Sports first acquired an NBA package in 1984 and games were on TNT since the network launched in 1988. 'Even though the name changes, the engine is still the same," O'Neal said during the final broadcast. "And to that new network we're coming to, we're not coming to (expletive) around. ... We're taking over, OK? I love you guys and I appreciate you guys.' The moment was not lost on Indiana coach Rick Carlisle. His team had just clinched a spot in the NBA Finals by beating New York, and when his brief interview with Johnson during the trophy ceremony was over, Carlisle grabbed the microphone out of the host's hands. 'Congratulations to TNT on a fabulous, unbelievable run that's coming to an end,' Carlisle said in the unprompted tribute. 'We're all very sad about that.' The names of countless past and current broadcasters and analysts were included in the many tributes offered on-air after the game, including Doug Collins, Hubie Brown, Dick Stockton, Cheryl Miller, Danny Ainge, John Thompson, Steve Kerr, Mike Fratello, Marv Albert, Brian Anderson, Chris Webber, Candace Parker and Craig Sager. 'Our hearts are full of gratitude,' TNT's Kevin Harlan said on-air, speaking to the viewers. 'Not sadness, but gratitude and happiness for what has been. It has been an honor. It has been a privilege. And I hope you all have enjoyed it as much as we have.' Harlan had the play-by-play call for the final game, with Reggie Miller, Stan Van Gundy and Allie LaForce on the broadcast as well. 'Think about my life. I'm very fortunate,' Miller said. 'I've only known two things: 18 years with one franchise in this building with the Indiana Pacers, and 19 years with Turner.' Many members of the TNT production crew have gotten jobs with NBC and Amazon, Johnson said, because of their exemplary work to this point. 'Best production crew in the business, I might add,' Johnson said. And when it turned back to the 'Inside the NBA' crew for one last time on TNT, the emotions were clear. "This has just been a magnificent ride," Smith said. Barkley talked about how he was going to sign with NBC when starting his broadcast career, then switched to TNT. 'I just want to say thank you to the NBA," Barkley said. 'Every coach I've had, every player I've played with, for giving me this magnificent life that I've had. I am so lucky and blessed. I'm lucky and blessed. And I want to thank TNT. Even though we'll never say TNT Sports again, I want to thank TNT for giving me a magnificent life.' ___
Telegraph
30 minutes ago
- Telegraph
‘Manson Family' member who smeared blood on walls recommended for parole
A former follower of cult leader Charles Manson, who is serving a life sentence for her role in a 1969 Los Angeles killing spree, has been recommended for parole. Patricia Krenwinkel, 77, the longest-serving female inmate in California, is one of two remaining so-called 'Manson Family' members still in prison. In 1971, she was convicted of the murders of seven people, including the actress Sharon Tate, during a grisly two-night rampage that shocked America. Krenwinkel was sentenced to death, however, her sentence was reduced to life in prison with the possibility of parole after California abolished the death penalty in 1972. It is the 16th time that Krenwinkel has appeared before a parole board, and the second time she was recommended. The first was in 2022, but the decision was overruled by Gavin Newsom, California's governor. Mr Newsom wrote at the time that Krenwinkel 'still poses an unreasonable danger to society if paroled at this time'. 'At her parole hearing, Ms. Krenwinkel accepted responsibility for her direct crimes, yet she continued to shift disproportionate blame to Mr. Manson for decisions and conduct within her control,' he added. The governor could reject the parole board's decision once again or send it back for further review. Krenwinkel, incarcerated at the California Institution for Women for 54 years, did not speak at the four-hour hearing on Friday, but family members of the victims spoke in opposition to her release. 'For years, this woman laughed about the murders in court and showed absolutely no remorse at all,' wrote Debra Tate, the younger sister of Sharon Tate, in an online petition on Friday. 'Society cannot allow this serial killer who committed such horrible, gruesome, random killings back out.' Ms Tate, the 26-year-old wife of filmmaker Roman Polanski, was one of seven victims of the grisly killings by the Manson cult on the nights of August 9 and 10, 1969. Eight months pregnant, Ms Tate was stabbed and shot to death at her Beverly Hills home with four friends, including coffee heiress Abigail Folger, hair stylist Thomas Jay Sebring, Wojciech Frykowski and Steven Earl Parent. Mr Polanski was in Europe at the time. The following night, Krenwinkel and other Manson followers stabbed to death grocery store executive Leno LaBianca and his wife Rosemary. Both homes had smears of blood on the walls, and Krenwinkel had used blood to write 'Death to Pigs'. Manson did not personally kill any of the seven victims, but he was found guilty of ordering their murders as part of a delusional plot to ignite a race war, which he believed was heralded in a Beatles song. Krenwinkle, who was 23 at the time, along with Manson, 36, and three others of his so-called 'family' of misfits and hippie types, were convicted of all the murders. At Krenwinkle's 14 other parole denials, the board cited the brutality of the murders. Manson died in prison in 2017 of natural causes aged 83 after nearly half a century behind bars. One of his followers, Susan Atkins, died in prison in 2009. Charles 'Tex' Watson, 79, remains in prison.
