Business

BuzzFeed will lay off 15% of staff and shut down its news unit, BuzzFeed CEO Jonah Peretti wrote in an email to staff Thursday. The layoffs will affect BuzzFeed’s business, content, administration and tech teams. The layoffs amount to about 180 people. The company’s staff totaled about 1,200 people as …

US Space Force General B. Chance Saltzman, Chief of Space Operations, testifies about the Fiscal Year 2024 Budget request during a Senate Armed Services Subcommittee on Strategic Forces hearing on Capitol Hill in Washington, DC, March 14, 2023. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty …

Homes in Centreville, Maryland, US, on Tuesday, April 4, 2023.  Nathan Howard | Bloomberg | Getty Images Sales of previously owned homes declined 2.4% in March compared with February, according to a monthly report from the National Association of Realtors. At a seasonally adjusted, annualized rate, that amounts to 4.4 …

People walk by the News Corporation headquarters, home to Fox News, on April 18, 2023 in New York City. Spencer Platt | Getty Images Fox Corp. and its TV networks agreed to pay $787.5 million to settle Dominion Voting Systems’ defamation lawsuit this week, but the media giant’s legal headaches …

The last-minute $787.5 million settlement of the Dominion Voting Systems defamation lawsuit against Fox Corp. is a major step to make Fox News answer for false claims that Dominion’s machines influenced the 2020 election, a key negotiator of the deal said Wednesday. “We feel good about being able to accomplish …

A participant stands behind a door, hiding her identity, on Netflix’s “Love is Blind” reality dating show. Source: Netflix Netflix Co-Chief Executive Officer Greg Peters blamed a technical “bug” for why the company had to delay its “Love Is Blind” reunion special. The reality TV special, originally set to run …

Netflix gift cards are seen in a shop in Krakow, Poland on June 13, 2022. Jakub Porzycki | Nurphoto | Getty Images There’s overwhelming support among Hollywood writers to strike for more money. But their timing is far from ideal. Netflix revealed Tuesday it spent $2.5 billion on content in …

JB Perrette, President and CEO of Warner Bros. Discovery Global Streaming and Games, speaks onstage during a Warner Bros. Discovery Streaming Press Event on April 12, 2023 in Burbank, California. Jeff Kravitz | Getty Images Humble as he may be, Warner Bros. Discovery CEO David Zaslav proved this week he’s …

An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington, June 1, 2022. Lindsey Wasson | Reuters Boeing‘s warning that a production quality problem will delay deliveries of its best-selling 737 Max is …

Signed playbills are seen backstage ahead of The Phantom of the Opera’s final performance on April 16 after 35 years on Broadway in New York City, April 12, 2023. Andrew Kelly | Reuters After more than three decades, Broadway’s longest-running musical, “The Phantom of the Opera,” is coming to an …