Charter Communications has agreed to make WarnerMedia’s upcoming HBO Max streaming service to those of its customers who now pay for HBO. The partnership is good news for WarnerMedia, by getting HBO Max in front of millions of subscribers on day one. However the devil is in the details. WarnerMedia has said it would be offering HBO Max as a free extra for HBO subscribers, so it’s unclear if...
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How Activists Proved to be Salesforce’s ‘Superpower’
These corporate efficiency initiatives really work! Salesforce’s April-quarter earnings report Wednesday showed an operating profit of $412 million, a 5% margin, compared with $20 million a year earlier, which equated to a margin of 0.27%. The reason was lower expenses—research and development costs fell 8.4% while marketing expenses dropped 6.5%—even as revenue rose 11%. Cutting costs to lift...
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