Disney's ESPN is at a crossroads.For more than 40 years, the world's largest all-sports network has grown annual revenue by increasing cable subscription fees. ESPN first charged pay-TV distributors less than $1 per month per subscriber in the 1980s. In 2023, ESPN's monthly carriage fee was $9.42 per subscriber, according...
Category: News
JetBlue cuts routes spanning Los Angeles to Lima in race to lower costs
A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on Jan. 31, 2024.Joe Raedle | Getty ImagesJetBlue Airways told staff on Tuesday that it is culling a host of routes, making it the carrier's latest move to cut costs in the...
Wall Street isn’t pleased that Kevin Plank is returning as Under Armour’s CEO, shares plunge 12%
The interior of an Under Armour store is seen on November 03, 2021 in Houston, Texas.Brandon Bell | Getty ImagesWall Street is not pleased that Under Armour founder Kevin Plank is returning as its CEO. Shares of the athletic apparel company plunged about 12% on Thursday after the retailer announced late...
Inside the organized crime rings plaguing retailers including Ulta, T.J. Maxx and Walgreens
In a tony suburban enclave in the San Diego foothills, police say, an organized retail crime "queenpin" had built an empire.Tucked behind the stone walls of her 4,500-square-foot Spanish-style mansion, Michelle Mack had stockpiled a small fortune in cosmetics that had been stolen from Ulta and Sephora stores across the...
Pfizer is betting big on cancer drugs to turn business around after Covid decline – here’s what to know
Nurphoto | Nurphoto | Getty ImagesPfizer is ready to move on from Covid. Now, the company is betting on cancer drugs to help it regain its footing after a rocky year marked by the rapid decline of its Covid business. It just might take a while before that bet pays off. Pfizer...