Latest news with #Wall Street Journal
Yahoo
a day ago
- Business
- Yahoo
NBCUniversal considering to launch a sports cable network, WSJ reports
(Reuters) -Comcast's NBCUniversal is considering launching a sports cable network that would feature content also on its Peacock platform, the Wall Street Journal reported on Wednesday. The potential channel, which would be offered in specialized packages, could debut as early as the fall, the report said, citing people familiar with the matter. According to the report, the proposed channel would primarily feature sports that are also streamed on NBCUniversal's Peacock streaming platform. The network would be offered to cable and satellite providers as part of specialty channel packages, the report added. Talks remain at an early stage and a final decision regarding the launch of the network has not yet been made, WSJ said. NBCUniversal declined to comment on the report. The news stands in stark contrast to the broader challenges of the industry, as traditional television continues to lose ground to the rise of on-demand content and the growing trend of cord-cutting. However, live sports remain a bright spot, thriving even as other segments struggle. Meanwhile, NBCU is moving forward with plans to spin off most of its cable networks into a new company, signaling a significant shift in its media strategy.
Yahoo
a day ago
- Business
- Yahoo
NBCUniversal considering to launch a sports cable network, WSJ reports
(Reuters) -Comcast's NBCUniversal is considering launching a sports cable network that would feature content also on its Peacock platform, the Wall Street Journal reported on Wednesday. The potential channel, which would be offered in specialized packages, could debut as early as the fall, the report said, citing people familiar with the matter. According to the report, the proposed channel would primarily feature sports that are also streamed on NBCUniversal's Peacock streaming platform. The network would be offered to cable and satellite providers as part of specialty channel packages, the report added. Talks remain at an early stage and a final decision regarding the launch of the network has not yet been made, WSJ said. NBCUniversal and its parent Comcast did not immediately respond to Reuters' requests for comment. The news stands in stark contrast to the broader challenges of the industry, as traditional television continues to lose ground to the rise of on-demand content and the growing trend of cord-cutting. However, live sports remain a bright spot, thriving even as other segments struggle. Meanwhile, NBCU is moving forward with plans to spin off most of its cable networks into a new company, signaling a significant shift in its media strategy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
NBCUniversal considering to launch a sports cable network, WSJ reports
(Reuters) -Comcast's NBCUniversal is considering launching a sports cable network that would feature content also on its Peacock platform, the Wall Street Journal reported on Wednesday. The potential channel, which would be offered in specialized packages, could debut as early as the fall, the report said, citing people familiar with the matter. According to the report, the proposed channel would primarily feature sports that are also streamed on NBCUniversal's Peacock streaming platform. The network would be offered to cable and satellite providers as part of specialty channel packages, the report added. Talks remain at an early stage and a final decision regarding the launch of the network has not yet been made, WSJ said. NBCUniversal and its parent Comcast did not immediately respond to Reuters' requests for comment. The news stands in stark contrast to the broader challenges of the industry, as traditional television continues to lose ground to the rise of on-demand content and the growing trend of cord-cutting. However, live sports remain a bright spot, thriving even as other segments struggle. Meanwhile, NBCU is moving forward with plans to spin off most of its cable networks into a new company, signaling a significant shift in its media strategy.
Bloomberg
2 days ago
- Business
- Bloomberg
Morgan Stanley Facing Finra Probe on Client Vetting: WSJ
Morgan Stanley is being probed by the Financial Industry Regulatory Authority over its vetting of clients for the risk of money laundering from October 2021 through September 2024, according to the Wall Street Journal. Nicholas Comfort reports on Bloomberg Television. (Source: Bloomberg)
The Independent
2 days ago
- Business
- The Independent
Hershey is raising the price of its candy bars over the high cost of cocoa
Your favorite chocolate bar will soon come with a bigger price tag after Hershey announced it was raising the price of its candy over the high cost of cocoa. Hershey is expected to raise its prices for retail customers by double digits. Prices will generally increase between the low teens and 20 percent, The Wall Street Journal reported Tuesday, citing a company official. But the WSJ reports three-quarters of the candy maker's products should continue to cost $4 or less. Hershey executives have said demand for its products has remained strong, per the WSJ. The company has yet to see its full profits for the summer, when consumers are inclined to grab a pack of Hershey's bars for S'mores by the fire. High cocoa costs are to blame for the price increases at Hershey and other treat companies. Last December, cocoa prices hit over $12,000 per metric ton, according to the WSJ. While costs have fallen to about $8,100 per metric ton this week, they still exceed historic levels. West Africa, which accounts for about 70 percent of the world's cocoa supply, has been hit with poor weather, plant disease, aging tree stocks and destructive small-scale gold mining. While weather conditions have slightly improved, industry sources told Reuters earlier this month West Africa will likely see another 10 percent decline in cocoa output in the 2025 to 2026 season. The WSJ reported in another recent article Swiss chocolatier Lindt & Spruengli had attempted to pass rising cocoa costs onto consumers through price hikes, but even that wasn't enough to make up for the higher cocoa costs.
