Digital media is facing a reckoning. The start-ups that were once the darlings of the industry are facing budget shortfalls and revenue declines as they struggle to survive in an over-saturated market where Google and Facebook lay claim to the vast majority of ad dollars. Now, the bubble is bursting and many of these companies are looking to sell. In the latest evidence of volatility, CNN has learned that IAC is entertaining potential buyers for The Daily Beast, the news and opinion site launched nearly a decade ago by former Vanity Fair editor Tina Brown. "IAC has made it known it's a seller and various outlets are taking a look," one source with knowledge of IAC's sales pitch said. "They're
Travis "Castaway" Waters is so good at video games that the South African gets paid to play them. This is a day in the life of the eSports gamer who competes in global tournaments watched by millions of people. Video journalist: Christian Parkinson
Hollywood has offered up few Asian American stars. But one of its most well-known is a cartoon: Apu from "The Simpsons." Apu Nahasapeemapetilon, the Indian American character who operates the Kwik-E-Mart convenience store in the fictional town of Springfield and is known for the catch phrase "thank you, come again," has served as the animated series' running immigrant punchline for almost 30 years. "What bothered me about Apu is how he stood in for my parents, replacing their real stories and real struggles and their really complicated lives with an accent," said comedian Hari Kondabolu in his documentary "The Problem with Apu," which airs Sunday on truTV. Since there were so few Indian Americans
A study says grandparents tend to give high-sugar snacks as treats. The University of Glasgow found that this is having a bad effect on children's diet and weight. We asked some grandparents if they were guilty.
Rupert Murdoch is serious about selling 21st Century Fox, and he has suitors. Both Comcast and Verizon have approached 21st Century Fox about acquiring most of the company, sources familiar with the talks told CNN on Thursday. The news comes ten days after revelations that 21st Century Fox had previously been in talks with Disney about a similar acquisition. Disney is no longer in talks with Fox, though those talks could be revisited. 21st Century Fox shares jumped by more than 8% in after-hours trading on Thursday. Sources familiar with the talks said Comcast and Verizon were interested in acquiring the same assets that Disney had expressed interest in: Fox's movie and television studios, entertainment
I'm sorry, Taylor Swift can't come to the phone right now. Why? Because she's busy selling thousands of albums. Reputation has shifted 84,000 copies this week, giving the star the third UK number one album of her career. It has also become 2017's fastest-selling record by a female artist, despite being unavailable on streaming services like Spotify and Apple Music. Swift's previous number ones are 1989, which sold 90,000 copies in week one, and Red, which managed 61,779 copies. In her home country, Swift is set to top the Billboard charts after racking up more than a million sales of Reputation - the only record to achieve that milestone this year. But in the UK, where the star has yet to give
Warner Bros.' DC Entertainment is bringing out all its stars for this weekend's comic book mash-up, "Justice League." But will audiences embrace the superhero squad at the box office the way they flocked to this summer's "Wonder Woman?" So far the answer seems to be maybe. The film, which has Ben Affleck's Batman and Gal Gadot's Wonder Woman fighting alongside other DC crusaders like Erza Miller's The Flash, Jason Momoa's Aquaman, and Ray Fisher's Cyborg, brought in $13 million in preview showings on Thursday night. That's not bad, but "Wonder Woman" brought in $11 million for its Thursday night screenings, and that film wasn't packed with superheroes. "Wonder Woman" ultimately raked in $103