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Media/Telecom Entertainment

NBCU, ViacomCBS, Fox Cancel Live Upfront Presentations

NBCUniversal, Fox and ViacomCBS cancelled their upfront presentations to advertisers scheduled for May due to the coronavirus. All three companies said they would stream their presentations, which highlight their upcoming shows for advertisers to plan their ad buying.  The cancellations come at a sensitive time for both companies. NBCUniversal is launching its Peacock streaming service, which...

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The Investors Who Face Big Losses From the Quibi Collapse
The Investors Who Face Big Losses From the Quibi Collapse

On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago. Now those investors—from Quibi CEO Meg Whitman to Google, Facebook and J.P. Morgan—are facing losses and figuring out what they may recoup from the flop.

Quibi revealed to investors Wednesday afternoon that, after paying ...

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