Underrepresentation of women in key media roles has been a consistent theme throughout the years. The discrepancy has been even more pronounced among minorities. Brande Victorian, Managing Editor at Madamnoire, and Robyn Moreno, Co-President at Latina Media Ventures join us on Cheddar to discuss diversity in media.
Victorian chats about the biggest challenges of being part of a minority-run publication. Victorian said a big challenge is advertising. Competition is stiff, and they don't typically have the same funding as large corporations such as Vice and Complex.
Moreno weighed in by saying minority work has never been more important due to the current political climate.
Latinos made up just 3% of speaking roles in the top 100 films in 2016, despite making up about 26% of the U.S. population. Moreno said Latinos are holding up the movie industry. She said 1 in 4 movie tickets are bought by Latinos. Not only isn't it insulting, she said, but it's also bad business.
The Federal Reserve announced that it will raise its interest for the first time in more than three years to fight record inflation. Cheddar News spoke with Mark Hamrick, Senior Economic Analyst at Bankrate how the move will impact the wallets of everyday Americans.
Paul T. Murray, president at PTM Wealth Management, joined Cheddar News to break down the implications of the Starbucks CEO shakeup, as the coffee company faces issues of unionization and pandemic-related closures. "Well, shareholders love Howard Schultz returning. I mean he's an iconic CEO, a visionary, a guy who made coffee as American as apple pie and shareholders are gonna continue to love that," Murray continued. "But he's got an uphill battle, frankly, because, this unionization push has now spread to 26 states, 100 stores, and the COVID pandemic is going to continue to be a headwind, especially in China where Johnson really made a lot of headway."
Social audio app Clubhouse reached $1 billion valuation milestone this January, and Fadia Kader, head of strategic media partnerships at Clubhouse, joined Cheddar News to talk about what its been doing to keep the drive going. "We are the category first leaders. We are 100 percent focused on social audio. It's not just a feature that we've just like bottled up and put on there. We are a medium that is 100 percent focused on community and social audio," she said.
European antitrust regulators gave Amazon approval for its MGM acquisition deal. Amazon expects MGM's collection of content will help it compete in the increasingly crowded world of streaming services.
Online retailer Boxed reported a significant growth in its latest earnings, and CEO Chieh Huang joined Cheddar News to talk about its Q4 report, what's upcoming for the company, and how the business avoided the mass labor shortages dubbed the great resignation. "We've been really lucky when it comes to what we're known about as a company. Half of what comes up if you search us on the internet is how we treat our frontline team even before, I guess, it was the kind of soup du jour to do so," he said. "We treat them extraordinarily well."
