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Local 10 News @ Noon

The latest local, regional and national news events are presented by the Local 10 News Team along with updated sports, weather and traffic.

LIVE

Local 10 News @ Noon

JOHN MALONE


Ex-CNN host Brian Stelter says he still doesn't know why 'Reliable Sources' was canceled

During an interview, Brian Stelter repeatedly claimed he doesn't know why he was fired from CNN and why his show "Reliable Sources" was canceled, which came as a "big surprise" to him.

foxnews.com

John Malone says he's skeptical of ad-supported content as Netflix, Disney roll out ad tiers

Liberty Media Chairman told CNBC he's doubtful that adding commercials to long-form streaming content would help media companies be successful in the long run.

cnbc.com

CNN management intent on changing perception of the network

The first steps toward change at CNN have been slow and incremental — at least until the network cancelled its long-running media criticism show ‘Reliable Sources’ and cut loose its host, Brian Stelter.

Brian Stelter rebukes CNN on final show: ‘It’s not partisan to stand up to demagogues’

Host says, ‘It is not partisan to stand up for decency and democracy and dialogue,’ after CNN cancels media show Reliable Sources

news.yahoo.com

Starz could turn into an 'acquisition machine' after Lionsgate spins it off

A publicly traded Starz may look to increase in size by targeting other subscale media and entertainment companies.

cnbc.com

CNN exec’s ouster rattles prominent staff at pivotal time

The abrupt ouster of CNN chief executive Jeff Zucker because of a workplace relationship has left some prominent employees feeling angry and uncertain about the direction of their network at a pivotal moment.

Liberty Media's John Malone says he tried to buy Netflix when it was trading at a mere $8 per share

Liberty Media's John Malone recalled attempts to have DirecTV purchase Netflix, when he was chairman of the satellite-television service from 2008 to 2010.

cnbc.com

John Malone says WarnerMedia-Discovery getting rid of CNN would be the 'coward's way out'

There's a place for CNN in the proposed $43 billion combination of WarnerMedia and Discovery, billionaire media mogul John Malone told CNBC.

cnbc.com

John Malone says there's a misguided 'land rush' in stocks right now akin to late '90s bubble

Liberty Media Chairman John Malone said the sizzling IPO market and soaring equity valuations remind him of the dotcom bubble in the late 1990s.

cnbc.com

John Malone says 'there's no question' Comcast CEO Brian Roberts wanted to acquire WarnerMedia

AT&T decided regulatory and ownership challenges were too fraught to merge WarnerMedia with NBCUniversal, according to Discovery shareholder John Malone.

cnbc.com

John Malone sees merged WarnerMedia-Discovery becoming No. 3 global streamer behind Netflix, Disney+

Billionaire media mogul John Malone told CNBC's David Faber that Discovery's global presence will be particularly beneficial for WarnerMedia's HBO Max.

cnbc.com

'The Big Short' investor is now betting against Tesla: CNBC After Hours

On today's show, Lora Kolodny breaks down the news that Michael Burry's regulatory filings revealed a short position against Tesla. Plus, Alex Sherman explains how the WarnerMedia merger with Discovery puts NBCUniversal and ViacomCBS on notice. Michael Burry of 'The Big Short' reveals a $530 million bet against TeslaFamed investor Michael Burry on Monday revealed in a regulatory filing a short position against Tesla worth more than half a billion. As of March 31, Burry owned 8,001 put contracts, with unknown value, strike price, or expiry, according to the filing. Given that context, it may not be surprising that WarnerDiscovery -- the leading candidate for a name, according to a person familiar with the matter -- is structuring itself for a future sale.

cnbc.com

The WarnerMedia-Discovery deal was structured to make a future sale easier

John Malone was willing to give up super-voting shares in Discovery to make a future sale easier, according to a person with knowledge of the deal.

cnbc.com

Now that WarnerMedia and Discovery have tied the knot, the pressure's on ViacomCBS and NBCUniversal

Suddenly, both ViacomCBS and NBCUniversal seem subscale compared as they attempt to put together global streaming services.

cnbc.com

John Malone says platforms like Apple, Amazon and Roku will dominate streaming

Liberty Media Chairman John Malone told CNBC that Amazon, Apple or Roku could dominate in the crowded streaming space given their ability to scale globally. "I think these global platforms will be enormously powerful," Malone said in an interview that aired Thursday with CNBC's David Faber. It looks increasingly like that's going to be, you know, Amazon ... or it's going to be Apple, or it's going to be Roku. The largest U.S. media companies, including Disney, Comcast's NBCUniversal, AT&T's Warner Media, have launched their own streaming services, while the entertainment world is being disrupted by tech giants like Apple and Amazon. Malone said Amazon and Apple are providing "extremely high quality services" and meeting consumer needs, while Roku, which aggregates content on its platform, is well-positioned for growth in the long run.

cnbc.com

John Malone says he's buying hard assets like housing in bet on currency devaluation

Liberty Media Chairman John Malone said hard assets look attractive as the unprecedented coronavirus stimulus is poised to lead to a depreciation in currencies. "We've survived this [pandemic] because of enormous fiscal and monetary stimulus," Malone said in an interview that aired Thursday with CNBC's David Faber. "And I've got to believe this will lead to devaluation of currencies, that hard assets ... will increase in value in currency terms. Hard assets refers to tangible assets including real estate and commodities. "I've been trying to invest or diversify into hard assets," Malone said.

cnbc.com

Liberty CEO sees Sirius well positioned in audio boom with exclusive content like Howard Stern

Liberty Media CEO Greg Maffei believes the company is well positioned to capitalize on the growing popularity of podcasts and other audio content. Maffei, who joined CNBC's David Faber from Liberty's investor day in New York, said that while there is competition for audio content, exclusive agreements should prove lucrative over time. "We have an exclusive with Marvel, we have an exclusive now with Lebron James called 'Uninterrupted,'" he continued. I think there's an opportunity to see increases in how podcasts and other forms of audio content are monetized," Maffei said. "Yes, there's a little bit of a bidding war for audio content, but you can't spend on audio.

cnbc.com

Liberty's John Malone sees HBO losing out in the streaming wars

Liberty Media Chairman John Malone has some reservations about HBO's bid to enter an extremely crowded streaming market. AT&T's WarnerMedia announced last month its HBO Max streaming service will launch in the U.S. in May of 2020. "The way I look at it is in the U.S., if you wanted HBO, you already have HBO. AT&T aims to reach 75 to 90 million subscribers by 2025, WarnerMedia CEO John Stankey said previously. The company said it will spend $4 billion over the next three years building HBO Max.

cnbc.com

Media mogul John Malone says Trump causes 'chaos' and he would vote for Bloomberg in 2020

John Malone, chairman of Liberty Media and Liberty Global, and CEO of Discovery Holding, arrives at the conference. Getty ImagesThe Trump White House "is chaos" and the president isn't the right person to lead the United States, media mogul and Liberty Media Chairman John Malone said Thursday. "Look: I think a lot of the things Trump has tried to do identifying problems and trying to solve them has been great. I just don't think he's the right guy to do it," Malone told CNBC's David Faber from New York. Instead, Liberty's Malone said he'd vote for former New York mayor Michael Bloomberg in the 2020 presidential election despite his own reservations as a pronounced libertarian.

cnbc.com

John Malone says Apple may be a surprise winner in the streaming wars, getting 'large numbers fast'

Liberty Media Chairman John Malone thinks that Apple could stun investors down the road as a winner in the intense streaming wars that have engulfed Silicon Valley and Hollywood in a bid for viewers and content alike. "Apple is going to surprise everyone with numbers they achieve in a short period of time. On Amazon, Malone said the company's video unit will evolve to be "a bundler of other peoples' services." The Liberty Media chairman also is a director on the board of Discovery Communications, which closed its $15 billion acquisition of Scripps Networks in March of 2018. Correction: Discovery Communications closed its acquisition of Scripps Networks in March of 2018.

cnbc.com

John Malone says he doesn't understand investing in 'deep-loss businesses' like WeWork and Uber

Liberty Media Chairman John Malone took issue with SoftBank CEO Masayoshi Son's investment approach in light of the botched WeWork IPO. He's got a balance sheet no one can understand," Malone told CNBC's David Faber in an exclusive interview Thursday. WeWork pulled its IPO filing in September after investors balked at its mounting losses and unusual corporate governance structure. "I look at each one of these deep-loss businesses ... you've got to have to have an argument that the scale will improve the marginal economics," Malone said. "I never quite understood Uber and I never quite understood why Dara took the job," Malone said of Dara Khosrowshahi, who succeeded CEO Travis Kalanick in 2017 following a series of scandals.

cnbc.com
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