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entertainment media/telecom

Comcast Settles Anti-Discrimination Suit With Byron Allen

By
Jessica Toonkel
· · Source: Los Angeles Times

After a five year legal battle, Comcast has settled a $20 billion discrimination lawsuit filed by Byron Allen, CEO of Entertainment Studios, which claimed that the cable giant discriminated against minority-owned channels. Under the settlement, Comcast agreed to carry three of his channels—Comedy.Tv, recipe.TV and JusticeCentral.TV. The settlement comes amidst nationwide protests about the...

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Andreessen Horowitz Merges Fintech and Consumer Teams After Some Bets Fizzle
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Marc Andreessen. Photo: Bloomberg.
Andreessen Horowitz has combined its finance and consumer investment teams into one, merging what were two of the hottest pandemic-era investment categories that have since cooled. The investment firm’s leaders have encouraged the combined team, led by general partner Alex Rampell, to pursue artificial intelligence deals, two people briefed on the change said. The shakeup is an example of...
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CareRev co-founder Will Patterson stepped down as CEO last week. Art by Clark Miller
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A Long, Strange Trip for the ‘Uber for Nurses’
By Paris Martineau
Will Patterson was on a hot streak. As the co-founder and CEO of CareRev—a gig-work platform sometimes described as an “Uber for nurses”—he saw his company’s business surge during the pandemic as hospitals and clinics scrambled to find healthcare workers.
Peng Zhao, CEO of Citadel Securities. Photo by Bloomberg.
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Wall Street Firm Citadel Securities Courts AI Startups for Trading Edge
By Jon Victor and Cory Weinberg
Citadel Securities, a prominent high-frequency trading firm, has told startup founders and investors it is looking to license software from artificial intelligence startups working on large-language models or to buy stakes in them, according to two people with knowledge of the conversations.
The Port of Los Angeles, where Next Trucking has a significant presence. Photo by David McNew/Getty Images.
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Logistics Startup Next Trucking Tries to Sell Itself
By Maria Heeter
Sequoia Capital–backed logistics startup Next Trucking, facing a slowdown in the trucking sector, is trying to sell itself, according to people familiar with the matter and a pitch deck reviewed by The Information.
Adam D'Angelo photograph by Ko Sasaki. Art by Clark Miller
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Adam D’Angelo’s Endless Quest to Answer Everything
By Arielle Pardes
Adam D’Angelo is basking in an “ endless summer ” of artificial intelligence. A few weeks before he and 350 industry peers released a bizarre, one-line statement warning that AI could herald a nuclear-level extinction event, the 38-year-old co-founder of Quora told me he actually sees more upside in AI than downside.
Photo via Shutterstock.
Exclusive startups Finance
Inside the Culture Clash at JPMorgan and WePay
By Michael Roddan
When JPMorgan Chase struck a $400 million deal to buy WePay in late 2017, it pledged that the Bay Area fintech would become “Chase’s payments innovation incubator in Silicon Valley,” helping the country’s biggest bank compete with surging startups Stripe and Square and payments companies like PayPal.
A Thursday Night Football game between the Jacksonville Jaguars and the New York Jets. Photo by Getty.
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How Amazon Misread the NFL Ad Market
By Sahil Patel and Theo Wayt
Last summer, advertising representatives for a national pizza chain in the U.S. met with Amazon ad executives to negotiate a potential sponsorship deal for Amazon Prime Video’s broadcast of “Thursday Night Football.” Amazon executives asked the pizza chain for commitments of up to $12 million for the full season, double what the chain wanted to spend, said a person with direct knowledge of the matter.