Paramount Global is exploring the sale of BET Media Group and VH1, according to The Wall Street Journal, as it focuses on its streaming platform.
Share:
More In Business
Slingshot Aerospace Raises $25 Million to Improve Space Sustainability
Slingshot Aerospace, a company focused on the future of space sustainability, raised $25 million in its latest Series A funding round. The company's projects will allow commercial, government, and civil satellite operators to share traffic information. Slingshot Aerospace's co-founder and CEO Melanie Stricklan joined Cheddar News' Closing Bell to talk about the up-and-coming company.
Russia Reportedly Seeking Aid From China for Ukraine War
Russia may be asking China for help with its war in Ukraine, according to several reports citing unnamed U.S. officials. Russia is reportedly calling on its ally for military and economic assistance, in an attempt to avoid punishment from sanctions imposed by the U.S., Europe, and Asia, which have hammered Russia's economy. Chinese and Russian officials denied the reports. Meanwhile, top U.S. and Chinese officials are meeting today, with both countries confirming the conflict in Ukraine will be the meeting's main topic. Edward Wong, diplomatic correspondent for the New York Times, joins Cheddar News' Closing Bell to discuss.
need2know-afternoon-edition-031422
need2know-afternoon-edition-031422
Ford Plans to Expand Electric Vehicle Sales to Europe Despite Chip Constraints
Ford has released its plans to grow its electric vehicle business to Europe — despite a potential lack of full features due to the ongoing chip shortage. Dan Ives, managing director of equity research at Wedbush, joined Cheddar News to talk about the challenges facing the automaker. "I mean for them, it's really a Catch-22 because they can't lose out on demand," he said. "And they're having to make some tough decisions." He noted that Ford's stock is under pressure even as the electric vehicle play is the right long-term decision.
Food Prices Could Skyrocket 20 Percent if Russia Ukraine War Persists
Damian Mason, farm owner, agricultural economist and author of "Food Fear" joined Cheddar News to talk about how the Russian invasion of Ukraine is putting pressure on commodities, which could lead to a 20 percent price hike according to the United Nations. “Russia and Ukraine are responsible for about 35 percent of exports, 35 percent of grain exports, specifically wheat,” said Mason. He also added, "You've got Russia saying, 'we're going to hoard and hold back our wheat,' which of course crimps global supply, and you've got Ukraine that maybe won't even get harvested."
NY Seeding Opportunity Initiative Promotes Social Equity in State's Cannabis Industry
In order to qualify for one of the coveted first retail licenses in New York's adult-use cannabis program, you'll have to have a conviction on cannabis-related charges or have an immediate family member who does. It's part of the latest effort by New York lawmakers to create a diverse and inclusive industry — but some advocates still have reservations. Amber Littlejohn, the executive director of the Minority Cannabis Business Association, joined Cheddar News' Closing Bell to discuss. "We definitely applaud the state of new york, but ultimately the devil will be in the details as to whether or not this actually works out to create equity in the cannabis industry," she said.
Aether Creates Diamonds From Carbon in the Atmosphere
Ryan Shearman, chief alchemist and co-founder at Aether, and Henry Elkus, founder of Helena, join Cheddar News to talk about the completion of an $18 million Series A funding round led by Helena.
Citymapper Looks to Expand Tech to Transit Sector
Jay Walder, a board member with Citymapper, joins Cheddar News to talk about how the app is evolving and trends to watch in the transit sector.
Jones Road Beauty Founder Bobbi Brown Talks Mentoring Women Entrepreneurs
Bobbi Brown, makeup artist and founder of Jones Road Beauty, joined Cheddar News to celebrate Women’s History Month, her new makeup line, and the importance of mentoring future generations of female entrepreneurs. "I'm someone that has always helped other people even as a young kid. It's the way that I was raised, so it's natural for me," she said. "But especially in my new journey of Jones Road makeup, when I mentor the young founders, I get a lot back."
