Amazon shares fell more than 6% after hours, as the internet retailer reported second-quarter sales of $113.1 billion, which is less than the $115.2 billion expected by analysts polled by Refinitiv. The internet retailer made $7.8 billion in profit, up 48% from the same quarter last year. Though Amazon saw revenue increase 27% in the second quarter, up from $88.9 billion the year prior, it’s...
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The Real CNN Drama is Cable News' Growing Irrelevance
To paraphrase Tolstoy, each unhappy TV channel is unhappy in its own way. And as illustrated by the leadup to the Wednesday exit of CNN’s CEO, Chris Licht, the cable news channel hasn’t been a happy place lately. That’s not likely to change now that Licht is gone. Beyond the gossipy drama behind his departure is the reality that CNN and its corporate parent, Warner Bros. Discovery, are both...
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