DirecTV has cut a deal to continue carrying right-wing network Newsmax Media.
The television provider dropped the outlet earlier this year and got push back from GOP lawmakers who said the decision was ideologically motivated. However, the company insisted that it was the result of a contract dispute that is becoming increasingly common as TV and streaming providers struggle to keep prices low enough for consumers.
"This resolution with Newsmax, resolving an all-too-common carriage dispute, underscores our dedication to delivering a wide array of programming and perspectives to our customers," said Bill Morrow, CEO of DirecTV. "Through our persistent negotiations, we reached a resolution under mutually-agreeable business terms allowing us to deliver the conservative news network at the right value – a reflection of the free market at work."
DirecTV said it resolved similar disputes with approximately 50 programmers or station groups over the past five years.
"Newsmax recognizes and appreciates that DIRECTV clearly supports diverse voices, including conservative ones," said Christopher Ruddy, CEO of Newsmax, in a press release. "As a standalone company, DIRECTV helped give Newsmax its start nearly a decade ago as it continues to do with upcoming news networks, which is why we are pleased to reach a mutually beneficial agreement that will deliver our network to DIRECTV, DIRECTV STREAM and U-verse customers over the next several years."
Facebook and Instagram users will start seeing labels on AI-generated images in their feeds. Hopefully this will save time for everyone zooming in each picture to see how many fingers someone's hand has.
Seth Schachner, Managing Director at StratAmericas, weighs in on Spotify earnings and why that headline-grabbing deal with Joe Rogan could be worth that $250 million.
Mitch Roschelle, Managing Director at Madison Ventures, shares why investors may be waiting longer than expected for those interest rate cuts, and why he’s watching tech, oil, and homebuilder stocks.
Amazon saw 24% growth in their Thursday Night Football audience in 2023. Subscribers will be rewarded with even more sports, but not without enduring more ads — unless they pay extra, of course.
Low unemployment + 350 thousand new jobs in January = ...more layoffs? A bunch of tech and retail companies have laid and are laying off employees after a nationwide hiring surge during the pandemic.
The most magical place on Earth wants a protective order to keep Gov. Ron DeSantis' appointees from knowing how the magic happens. A federal judge dismissed a separate Disney lawsuit last week.
