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Paramount-Warner Bros. antitrust trial is slated for next year

Paramount Skydance must wait until March to defend its proposed $111-billion acquisition of Warner Bros. Discovery — a blockbuster deal that would reshape Hollywood by uniting two storied studios.

On Tuesday, U.S. District Judge Araceli Martínez-Olguín scheduled a March 2 trial to decide the merits of an antitrust challenge brought by 12 state attorneys general, led by California Atty. Gen. Rob Bonta. The states are teaming up to try to derail Paramount’s merger, and have snared preliminary victories — prompting a concession from Paramount to put the merger on hold until after the trial.

Paramount had asked for a Nov. 4 trial date.

Tech scion David Ellison wants to add HBO, CNN, HGTV, Food Network and the Warner Bros. studio to his smaller stable of Paramount properties. The trial will span 12 days and conclude March 19, the judge wrote in her order.

“We will continue to vigorously defend the transaction and remain committed to closing as soon as possible so its benefits for the creative community and consumers can be realized,” Paramount said in a statement.

The Writers Guild of America has separately sued to block the merger.

Friday marks the one-year anniversary of Ellison’s purchase of Paramount.

“Looking back on the past twelve months, I’m incredibly proud of how our team has turned those priorities into measurable progress, reflecting their talent, hard work, and dedication,” Ellison wrote in a Tuesday letter to shareholders as the company released its second-quarter earnings.

Results were mixed.

Revenue inched up 1% to $6.91 billion compared to the year-ago period, when Paramount was controlled by media heiress Shari Redstone.

The company’s studios and streaming divisions turned in stronger performances but costs, including $153 million in merger-related expenses, weighed on the corporate entity.

Profit declined 28% to $41 million, or 4 cents a share, compared to $57 million in the year-earlier period.

Paramount said it now has 81.6 million streaming customers, an increase of 2 million from the first quarter.

Streaming operations produced $2.5 billion in revenue, a 9% boost from the same quarter a year ago. Paramount+, which boasts the Taylor Sheridan-produced “Landman” and “Dutton Ranch,” also televised President Trump’s birthday extravaganza, the UFC Freedom 250 fights in June from the White House lawn.

Coverage of the FIFA World Cup in some Latin American countries assisted the streaming results. (Fox and Telemundo broadcast the highly rated soccer matches in the U.S.)

Studios revenue increased 16% to $1.3 billion, boosted by Paramount’s television studios and its licensing deals as well as the ability to consolidate revenue from Skydance properties. During the quarter, the Melrose Avenue film studio released “Scary Movie,” which brought in $231 million in global ticket sales, surpassing expectations.

Television media, which includes the CBS network, TV stations and the company’s struggling cable channels, declined 9% to $3.1 billion. Advertising revenue fell 14% and the company felt the loss of South American television operations, Telefe and Chilevision, which it divested after the Ellison takeover.

The company revenue during the current quarter should come in around $7 billion. It also released its full-year guidance, saying it expects $30 billion in revenue, up 4% over 2025.

Paramount released the earnings after markets closed Tuesday. During regular trading, shares gained nearly 2% to close at $8.38.

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Paramount, state attorneys general spar over antitrust trial date

Paramount Skydance Chairman David Ellison and California Atty. Gen. Rob Bonta are clashing again — this time over when the antitrust trial to determine whether Paramount can complete its nearly $111-billion takeover of Warner Bros. Discovery should begin.

In court documents Friday, Bonta and his coalition of 11 other Democrat attorneys general proposed a two- to three- week trial beginning April 5, 2027.

Ellison’s Paramount pushed back, saying the media company would like to start the courtroom action on Nov. 4.

“Our request for a November trial date is more than sufficient to give both sides the time they need to conduct discovery, gather evidence, and prepare for trial,” Paramount said in a statement that called the state attorneys general request for a springtime trial “nothing more than a stonewalling tactic.”

U.S. District Judge Araceli Martínez-Olguín, who is overseeing the high-profile case, now must pick the date.

For Paramount, the issue is hugely important.

Ellison wants to wrap up the massive Hollywood deal — bringing CNN, HBO and the Warner Bros. film and television studios under Paramount — as soon as possible. Doing so is crucial to holding together Paramount’s coalition of financiers and controlling its rising expenses, primarily legal fees and escalating obligations to Warner shareholders.

Early this year, Paramount agreed to pay Warner investors a so-called ticking fee of $.25 per share per quarter, beginning Oct. 1. The overture was aimed at winning over investors during a bidding war with Netflix. Paramount agreed to pay Warner shareholders at least $31 a share.

Those ticking fees would increase the cost by $650 million every quarter or $7 million a day. For Paramount, finalizing the transaction by year’s end would eliminate such payments in 2027.

Warner shares gained 3.3% Friday to $26.30 — well below the deal price. Paramount stock is down nearly 40% since early January; it ended the trading week at $7.96.

For the states — which have been joined in the antitrust litigation by the Writers Guild of America — setting the trial for next spring would bring advantages.

They would have more time to prepare their case while also gaining leverage over Paramount, should the two sides seek to resolve the issue out of court.

With the clock ticking, Paramount might be more willing to compromise to reach a settlement, including selling some of its hoped-for assets.

“Plaintiff States propose a fast-paced but realistic schedule that moves this case rapidly to trial while ensuring sufficient time for discovery and pretrial preparation,” the states said in the latest court documents. “A shorter timeline would be artificially compressed and risks depriving this Court of a full record on which to decide this $110 billion case.”

Paramount also faces a potential $7-billion payment to Warner Bros. should the merger collapse by next summer. Paramount is the smallest of the major media companies and acquiring Warner Bros. is key to Ellison’s ambitions to build a new Hollywood colossus.

The state attorneys general, including from Colorado, Oregon, New York, New Jersey and Nevada, have argued that the blockbuster merger — the largest in Hollywood in decades — would violate the Clayton Antitrust Act, which has been on the books for more than a century.

If the deal goes forward, just four companies — a post-merger Paramount-Warner, Disney, NBCUniversal and Sony Pictures — would control 86% of movies that are widely released (in more than 3,000 movie theaters), according to the attorneys general lawsuit.

Paramount-Warner Bros. would also own more than 50 cable channels, including CNN, TBS, HGTV, Animal Planet and Comedy Central, in addition to HBO.

The Wall Street Journal reported Friday that Gov. Gavin Newsom was not eager for a trial to take place.

Newsom has not publicly favored either side. Sources have previously told The Times that both sides have been lobbying the governor to win his support.

A Newsom spokesperson declined to discuss the Journal article, saying: “Our office doesn’t comment on anonymous sources or unverified reporting.”

Bonta — not Newsom — is leading the case.

Both hold statewide office; Bonta is running for reelection this year and Newsom is widely expected to run for president in 2028.

Paramount last week agreed to delay its acquisition amid concerns that it was poised to lose an important motion for a preliminary injunction — which would have rattled investors — and scuttled the deal until a trial could be held.

On Friday, Paramount said further delays “harm the many individuals outside this courtroom who will be denied the expanded content offerings and industry stability that a combined Paramount-WBD promises to bring.”

For his part, Bonta has said he was “eager” to move forward to a trial.

“Our challenge to the unlawful Warner Bros./Paramount merger is a clean-cut antitrust challenge through and through: it’s about protecting the vibrancy of an industry, the pockets of consumers, and the quality of films and television programs that take center stage in many of our lives,” Bonta said in a statement. “This challenge deserves careful and thorough review.”

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Andy Burnham to give regional mayors share of income tax

Prime Minister Andy Burnham will give all mayors of city regions in England a share of income tax revenue for the first time, as part of his drive to transfer power from Westminster to local leaders.

Burnham will also allow mayors of English strategic authorities to keep some cash from business rates collected in their areas, and gain greater control over services such as housing, transport, skills.

The government has not yet decided the exact portion of taxes mayors will get, with more details to be announced when Chancellor John Healey delivers his first budget in the autumn.

The Conservatives said the plans lacked detail and could lead to areas with weaker economies losing out on funding.

But Burnham said the move would “make good” on his pledge to “bring power home” to “every postcode in the country”.

“Under our plans, more of the taxes raised in a community will stay in that community,” the prime minister added.

Speaking to BBC Radio 4’s Today programme, First Secretary of State Louise Haigh said areas would not need mayors to benefit from investment.

She said: “We won’t be imposing mayors to areas that don’t want it but we will be creating strategic authorities in every area of England and they will be able to hold these powers and resources as well.

“They don’t need to have mayors in order to control them or in order to retain a share of their income tax and business rates.”

Strategic authorities bring together local councils to control regional issues such as transport and economic development, with decisions taken collectively by council leaders rather than a single elected mayor.

For example, the Lancashire strategic authority will take in Blackburn with Darwen Borough Council, Blackpool Council and Lancashire County Council, which form the Lancashire Combined County Authority area, despite the area not having a mayor.

Haigh added: “Vast swathes of England don’t have strategic authorities or mayors and today’s blueprint will set out that roadmap for every area of England to be covered by strategic authorities that will ultimately be able to retain a proportion of their income tax, business rates and set an overnight visitor levy should they wish, so they can generate revenue and really reinvest it in their local area.”

The power to raise and control tax revenues is highly centralised in the UK, making the country an outlier by international standards.

The share of national taxes collected at a local level in the UK is 5.8%, the lowest in the G7, according to the OECD, external, a global policy forum.

That share is far below that of other countries with large economies such as France (20.4%), Japan (36%), and the US (45.7%).

As it stands, mayors of strategic authorities in England receive most of their funding from central government grants.

During his time as Greater Manchester mayor, Burnham pushed for greater control over tax revenue, rather than having to rely on government grants.

The UK government had already been exploring whether a share of revenue from national taxes could be distributed to metro mayors, before Burnham became prime minister earlier this month.

But in a major speech on devolution in June, Burnham said he would “oversee the biggest rebalancing of power our country has ever seen” if he became prime minister.

Burnham has put devolution at the heart of his plan for government, arguing that metro mayors are best placed to boost economic growth across the country.

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Bob Chesney, UCLA top players share their belief Bruins will win

In the nearly nine months since he was hired as head coach at UCLA, Bob Chesney has won over a lot of hearts and minds with his unwavering sense of belief.

First, he won over his star quarterback, Nico Iamaleava, who opted to stick with the Bruins after a 3-9 season a year ago. He won over 45 new transfers, who came to UCLA as part of the portal’s 11th-ranked class and seems to be winning over recruits, too, with UCLA currently ranked in the top 10 among 2027 classes. He even won over once-dormant Bruin donors, who, according to the school’s athletic department, have now poured over $41 million in private support into UCLA athletics over the past fiscal year, an increase of 80% from the previous year.

“It’s his energy, man,” Iamaleava said. “He brings a different type of energy.”

At this point, the only thing it seems Chesney hasn’t won yet at UCLA is an actual football game.

He couldn’t do anything about that Wednesday from the podium at Big Ten media days. Though, as far as first impressions go in this conference, Chesney certainly had a leg up on his predecessor, who stumbled through his own opening address two years ago.

But as the season draws nearer and a new era of Bruin football begins, all the enthusiasm does beg the question: What does a successful debut actually look like for Chesney at UCLA?

Chesney said Wednesday he had no interest in setting those expectations or “in putting artificial limits on ourselves.”

“Outcomes have to be earned,” he said. “And I think in the end, potential is a gift, right? The work is becoming. That’s the work.”

Considering UCLA’s recent history, you can understand why Chesney wouldn’t want to wade too far into setting expectations. Hope, after all, may be his most valuable resource at the moment.

The Bruins are coming off a season in which they won just three games, their fewest in more than 54 years. They’ve reached the nine-win mark once in the past decade. And just two UCLA coaches in a half-century — Jim Mora and Terry Donahue — have clocked a winning campaign in their debut seasons with the Bruins.

“There’s no better place I’d rather be at this moment in time,” Chesney said. “I strongly believe in the power of what UCLA is.”

The collective Big Ten media seems less convinced, having voted the Bruins to finish 13th in their preseason conference poll. That’s exactly where they finished last season.

But there are some things working in Chesney’s favor. For one, a schedule that includes just four opponents picked to finish in the top half of the Big Ten.

It doesn’t hurt, either, that his quarterback got a full spring and summer under his belt as a Bruin. Iamaleava didn’t join the program until late in the process last season after his transfer portal drama dragged out through the spring and summer. Then once he started to find his bearings, UCLA’s coach was fired.

There was no such uncertainty this offseason, as Chesney moved to quickly retain Iamaleava.

“It was a matter of making sure he understood we had a plan,” Chesney said. “That was the most important thing we could do to make sure he stuck around and he did.”

Not only was Iamaleava impressed with his plans to prepare him for the NFL, but he found himself right away swept up in the coach’s personality.

“When you first talk to him,” Iamaleava said, “it kind of sounds like you’re talking to a poet or something, the way the words roll off.”

Chesney is counting on Iamaleava to make things move smoothly for UCLA’s offense this season. But the most marked difference for the Bruins on that side of the ball should be the ground game.

The Bruins boasted one of the least dynamic rushing attacks in the Big Ten a season ago, as Iamaleava led the team with just 505 rushing yards. Their lead running back, Jalen Berger, rushed for a meager 364 yards over the course of the season.

Meanwhile, at James Madison, Chesney had three running backs with as many yards last season. The Dukes rushed for the fifth-most yards (3,381) of any Football Bowl Subdivision team.

Their lead rusher, Wayne Knight, followed Chesney to UCLA and should step in as one of the best backs the Bruins have had in years. Of the 30 backs in college football with over 200 carries, Knight averaged the most yards per carry last season (6.63).

“There’ll be a commitment to playing that style of football,” Chesney said.

The rest is mostly just a projection, a fact that Chesney openly acknowledges.

“Everything here is ultimately conceptual,” he says.

But one change has already taken hold, if you ask Iamaleava. One that might appear unrecognizable from recent history at UCLA.

“He’s definitely changed the mindset in there, just how you feel. I don’t know how to explain it,” Iamaleava said.

“When Ches walks into a room, he just brings that winning mentality.”

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Timothee Chalamet and Kylie Jenner share sweet kiss at World Cup final as celebs turn out in force for Spain v Argentina

HOLLYWOOD’S Timothee Chalamet and Kylie Jenner shared a kiss at the World Cup final as a host of celebrities have turned out in force.

Spain and Argentina battle it out in this year’s final which is being played at MetLife Stadium in East Rutherford, New Jersey.

Timothee Chalamet and Kylie Jenner enjoyed a kiss at the World Cup 2026 final Credit: AFP
Victoria and David Beckham was spotted in the crowd with Tom Cruise Credit: AFP

Make-up mogul Kylie, 28, was among a list of A-listers in the crowd, along with her Interstellar actor boyfriend Timothee, 30.

Kylie wore a plunging black long sleeve top and black jeans, while the Dune star went for a blue and white jersey top and black trousers.

The pair were spotted holding hands while they watched the tense game, before enjoying a kiss in the stands.

The famous duo were joined by a number of other famous faces in the crowd, including the likes of Tom Cruise and David and Victoria Beckham.

Ellie Goulding was spotted with her new partner Beau Minniear in the stands Credit: Shutterstock Editorial
British-US actress Anya Taylor-Joy was Credit: AFP

The Beckhams looked stylish with David sporting a navy suit and Victoria in a white vest top and white jeans.

The pair were seen smiling and laughing with good pal Tom Cruise, 64, in the stands.

The I Need Your Love hitmaker Ellie Goulding, 39, was spotted in the crowd with her boyfriend Beau Minniear, who was seen with a disposable camera.

Split actress Anya Taylor-Joy was sat in the row behind and she looked chic in a satin one-shoulder beige midi dress.

She was seen chatting with her US musician and actor husband Malcolm McRae.

Other big names included Robbie Williams and Ayda Field.

It’s been a tense World Cup final between Spain and Argentina so far – but the star-studded half-time show livened up the crowd.

Justin Bieber, Shakira and Madonna are just a few blockbuster names who performed at the interval.

This follows the huge closing ceremony that saw Robbie Williams, Post Malone and IShowSpeed rock the stage.

But fans have flooded social media to brutally hit out at the tournament’s closing ceremony.

Nicole Scherzinger and actor Tom Cruise were also involved as the curtain was brought down on the tournament.

But the performances did not go down well in the stadium or at home – leading to fans heading onto social media to slam Fifa.

One said: “The worst closing ceremony ever. Even the fans look bored.”

Another added: “I’m crying what a terrible ugly closing ceremony.”

A third chimed in: “That closing ceremony was so underwhelming.”

A fourth noted: “A completely forgettable closing ceremony is finally and thankfully over.”

And a fifth comically claimed: “The crowd has gone absolutely mild at this closing ceremony.”

A huge number of fans missed the closing ceremony due to massive queues outside the stadium.

There has been an increased security presence due to President Donald Trump being in attendance.

And that led to those who snapped up tickets having to wait more than TWO HOURS to reach their seats.

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BBC Breakfast hosts share death news on air as legend pays emotional tribute

BBC Breakfast hosts Lewis Vaughan Jones and Luxmy Gopal shared some sad news on Sunday

The hosts of BBC Breakfast announced a heartbreaking death during the latest show.

Lewis Vaughan Jones and Luxmy Gopal were on the red sofa on Sunday (July 19) to deliver the latest headlines from across the UK and around the world.

Later in the programme, the presenters announced the death of beloved Australian actor Terence Donovan. The 90-year-old actor was best known for playing Doug Willis in Neighbours, Senior Detective Mick Peters in Division 4, and Detective Sergeant Vic Cameron in Cop Shop.

Terence’s son, Jason Donovan, confirmed the news on Instagram, posting a joint statement with his brother, Paul.

The statement read: “It is with great sadness but also a sense of celebration of a long, full life that myself and my brother Paul announce our father Terence died peacefully last night here in Melbourne.

“Obviously, this is an extremely emotional time, and we ask you to respect our privacy. We want to pay tribute to all the wonderful staff at Cabrini Hospital, Melbourne, who looked after him in his final days.”

Jason and Paul added, “Our dad was a huge character. Larger than life. He was our best friend… Our world. We will desperately miss him, but we take comfort knowing we were all here by his side in his final days.

“Knowing that he lived life to the max. Knowing that in life it’s either a daring adventure… or nothing at all! How lucky are we to have a dad like you.”

Announcing the news on the latest episode of BBC Breakfast, Luxmy shared: “The Australian actor Terence Donovan has died at the age of 90.”

Lewis added: “He was best known for his role as Doug Willis in Neighbours, who returned to the show several times over the years. His son, the actor and singer Jason Donovan, announced the news on social media.

“[He] described his father as a huge character and his best friend, saying he lived life to the max.”

Jason Donovan has been supported on social media after announcing his father’s death, with Dannii Minogue writing: “I am so sorry you have lost your father.”

Someone else added: “Sending lots of love to the family at this very sad time. What a legacy to leave, an absolute trailblazer. Fly high, Sir Terence.”

A third said, “So sorry for your loss, Jason and Paul. What an absolutely fantastic actor and man your dad was! Sending love and condolences to you all.”

Another fan wrote: “What an amazing man, thinking of you and all your family at this difficult time.”

BBC Breakfast airs daily on BBC One at 6am

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Argentina’s New York fans share hopes before 2026 World Cup final | World Cup 2026 News

New York City – It’s dubbed “Little Argentina”, but lifelong resident Christian Gimenez says much has changed in the neighbourhood he grew up in.

Once an epicentre of the Argentinian diaspora that settled in New York City, most relocating during the so-called “dirty war” of the 1970s, only a handful of Argentinian restaurants and bakeries remain as a foothold of what once was in the Elmhurst, Queens neighbourhood.

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But when the FIFA World Cup comes around, the block swells with revellers, clad in white and sky blue. With Argentina heading to the final against Spain on Sunday in East Rutherford, New Jersey, just a few kilometres (miles) away, everything on the block – from the asphalt, to the benches, to the store fronts, and even the fire plugs – bears the iconic colours.

As a child, “everywhere you would go, it was Argentinian,” Gimenez, who owns Rio de la Plata Bakery and is among those who spearheaded the decorations, told Al Jazeera. “So what I do is try to keep it alive.”

Christian Gimenez in the Little Argentina area of Queens, NY
Christian Gimenez in the Little Argentina area of Queens, NY [Joseph Stepansky/Al Jazeera]

To be sure, the 40-year-old is clear that the commitment to Argentina’s national team goes far beyond the monthlong tournament. The World Cup may come only once every four years, but the vaunting mural of Lionel Messi and Diego Maradona on the side of his bakery is a mainstay.

To many, it is a reminder of the generational significance of the country’s football tradition, one that has for decades been a glue for Argentinians in New York City, even as the community has dispersed.

Seventy-four-year-old Beatriz Jaime recounted watching Argentina’s 1978 routing of the Netherlands in a broadcast at Madison Square Garden, and returning to the neighbourhood soon after to find it “loaded with people” celebrating into the night.

“The thing is that the roots are here, and they’re in Argentina,” said Jaime, who grew up in Queens but now lives on Long Island.

“You never forget that. I get goosebumps.”

A shop sells Argentina gear in Little Argentina
A shop sells Argentina gear in Little Argentina [Joseph Stepansky/Al Jazeera]

For Henry Pachaco, 45, who is also from Queens, fandom is a family affair. He stood clad in the national team jersey, his mother wearing a blue shirt with a single phrase, “Hand of God”, a reference to the infamous hand-ball goal scored by Maradona in the 1986 quarterfinal match against England.

Pachaco called the block “the centre” for Argentinian fans in the city, offering a stadium atmosphere on game day – complete with a closed street, music, an outdoor television, and street food – without the price tag.

For Argentina to be in the final, for Messi to possibly be playing in his last national team match, and for all of it to be happening on New York’s doorstep, he said, represents a convergence of worlds.

“It’s like bringing Argentina to New York … wherever you go, anywhere in the world, when Argentinians get together. That that same passion is equal, no matter what.

A crosswalk is painted in the colours of Argentina in Queens, NY
A crosswalk is painted in the colours of Argentina in Queens, NY [Joseph Stepansky/Al Jazeera]

“You’re always gonna be accepted here and have the best time of your life,” he said.

Gimenez echoed the sentiment, while addressing several racist incidents from Argentinian fans that have tarnished La Albiceleste’s run in this World Cup and the last. He said that was not representative of the fan base.

“Whatever your race or whatever your ethnic background is, we don’t look into that,” he said.

“If you’re supporting us, we love you. Straight up, just like that.”

A new fandom grows in Brooklyn

It is a message that is likely to be well received a borough away, in the Kensington neighbourhood of Brooklyn, home to an rapid-growing Bangladeshi community that has earned the area the title “Little Bangladesh”.

NYC data shows the diaspora population has tripled in the last two decades, one of the fastest-growing groups in an ever-changing city. Last year, the community elected the first-ever Bangladeshi American to the NYC Council.

Shafiqul Alam, 66, who has lived in the neighbourhood for 36 years, said the area has transformed, bringing with it a passionate new base of support for Argentina’s national team.

On match days, large-screen televisions have been set up in pedestrian squares in the neighbourhood. If the weather turns, he said, it is not uncommon for people to crowd inside his shop to watch on his own television.

“Bangladeshi people love Argentina,” he said, “and Argentina loves Bangladesh.”

Shafiqul Alam says his shop in Brooklyn becomes an impromptu watch party for Bangladeshi fans of Argentina
Shafiqul Alam says his shop in Brooklyn becomes an impromptu watch party for Bangladeshi fans of Argentina [Joseph Stepansky/Al Jazeera]

Many factors have coalesced to fuel support for Argentina within South Asia, and particularly Bangladesh, notably a newfound access to televisions in the 1980s, which aligned with the Maradona-led national team’s 1986 defeat of England.

The match held potent political significance for countries still grappling with the legacy of British colonialism. But for many younger fans, support comes down to one man: Messi.

“Knowing this could be Messi’s last match, everyone will want to watch,” said Sajid Bhuyan, 31, a resident of the neighbourhood.

He had trouble imagining that any less than 90 percent of the local Bangladeshi community in Kensington backed Argentina.

Argentina fan Sajid Bhuyan sits on an NYPD barrier in Kensington
Argentina fan Sajid Bhuyan sits on an NYPD barrier in Kensington [Joseph Stepansky/Al Jazeera]

While the origin stories of their fandom may be different, Bhuyan felt the passion from Little Bangladesh to Little Argentina was the same.

He recounted a tournament that has repeatedly seen Argentina come back from the brink of defeat, most recently in a stunning turnaround in the semifinal against England.

“I almost died when Argentina scored the two goals in just minutes,” Bhuyan said. “I couldn’t breathe, I couldn’t talk, I had to take five or six minutes to calm down.

“So if it happens again,” he said, “we will enjoy!”

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Netflix reports higher profits as investors worry about growth

Netflix on Thursday reported higher revenues and profit in the second quarter as it sought to assure investors about its growth prospects.

The streaming giant reported revenue of $12.6 billion in the second quarter, up 13% from a year ago. Net income during the period rose 9% to $3.4 billion.

Netflix said it expects revenue to grow 12% in the third quarter, but lowered its 2026 revenue forecast to $51 billion from $51.4 billion.

The results were roughly in line with what analysts had predicted and were driven by recent price increase and growth in advertising revenue. The latter is expected to reach $3 billion this year, the company said.

In a presentation with analysts, Netflix executives touted global expansion plans.

“We’re entertaining an audience approaching a billion people with still lots of room to grow into our addressable market on every measure,” said Spencer Neumann, Netflix’s chief financial officer, in the earnings presentation. “We believe we’ve got lots and lots of runway for solid growth ahead of us.”

Those comments appeared intended to assuage investors who’ve grown concerned that people could be spending less time on the streaming service as rivals like YouTube gain market share.

Netflix’s share of TV viewing time in the U.S. has steadily declined in recent months as rivals have gained market share, according to Nielsen data.

The streamer represented 7.8% of all TV viewing in the U.S. in April — the lowest percentage since May 2025. It was 7.5% in April 2025, Nielsen said.

By comparison, YouTube has seen its share of the streaming audience grow. YouTube’s TV viewing share in April rose to 13.4%, up from 12.4% a year earlier, Nielsen said.

Some investors fear that if viewership is down, subscribers could cancel the service, which would negatively affect the platform’s growing advertising business. It could also undercut Netflix’s ability to raise prices in the U.S. and other countries.

Those worries have caused Netflix’s stock price to plummet 41% in the last year. The stock closed on Thursday at $74.35 a share, up 1%. In after hours trading, the stock fell 8%.

“The engagement elephant continues to rear its head and investors are on edge that an earlier price hike in a seasonally tough period and lighter content slate could have driven more churn than usual,” wrote Morgan Stanley Research analysts in a research note.

On Thursday, Netflix said in a letter to shareholders it has a sophisticated understanding of its consumers and “we know not all hours are equal” and that engagement on its platform is “healthy.”

“The entertainment industry remains dynamic and competitive,” Netflix told shareholders. “We aim to stay ahead by executing against our three areas of focus: delivering more entertainment value, leveraging technology to improve every aspect of our service, and improving monetization.”

The Los Gatos-based company said it plans to allocate more than 5% of its content spend on live programming this year. Live content has been a key driver for subscriptions, accounting for six of the top 10 new member sign-up days over the last five years, the company said.

In the first half of 2026, Netflix said members watched more than 97 billion hours, up 2% from a year ago. Among the most popular shows: the crime thriller “I Will Find You,” which had 87 million views; and the romantic comedy film “Voicemails for Isabelle,” which garnered 71 million views.

Netflix has been adding new types of content to its platform, including video podcasts to help increase engagement with subscribers during the day.

As part of the diversification efforts, the platform has expanded its portfolio of live programming over the years, including adding NFL games and streaming Major League Baseball’s opening day game.

In 2022, Netflix had also faced investor pressure when it reported declining subscribers for the first time in more than a decade. That pushed the company to delve into other areas including advertising, gaming and cracking down on password sharing.

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EU orders Google to share data, Android with competitors

July 16 (UPI) — The European Commission has ordered Google to share its Android features and search data with competitors on Thursday.

The European Union has placed these requirements on Google under the Digital Markets Act. It said that Google sharing features and data with competitors will allow fair competition for third-party AI developers.

“Today’s decision will ensure that users can activate their preferred AI assistant via voice commands, similar to the ‘Hey Google’ command,” the announcement by the European Commission said of sharing Android services. “Users will be able to use third-party AI assistants to perform actions in apps on their behalf. Importantly, the measures incorporate robust safeguards to ensure that the privacy of users, device integrity and security are protected.”

As for Google sharing search data, the commission said data sharing is “crucial for the development and optimization of third-party search engines.” It added that Google’s data sharing has been ineffective, necessitating new requirements.

Google is required to begin sharing search data with “eligible search engine providers” beginning in January. Users will begin to see changes to Android in July 2027. The commission notes that these specification requirements are legally binding.

“The aim of these measures is to allow companies to be able to offer European users a wider and more feature-rich range of options to choose from, both when it comes to their AI services on Android and to search services,” the commission said.

Astronaut Buzz Aldrin walks on the surface of the Moon during the Apollo 11 mission on July 20, 1969. Photo by NASA/UPI | License Photo

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Share a tip on a book that inspired you to travel | Travel

A great novel can transport you to places you’ve never been, take you on imaginary adventures across the globe and, just occasionally, inspire you to visit a literary location in real life. We’d love to hear about a book you’ve read that led to one of your favourite trips, whether it was somewhere far-flung or close to home.

The best tip of the week, chosen by Tom Hall of Lonely Planet wins a £200 voucher to stay at a Coolstays property – the company has more than 3,000 worldwide. The best tips will appear in the Guardian Travel section and website.

Keep your tip to about 100 words

If you have a relevant photo, do send it in – but it’s your words we will be judging for the competition.

We’re sorry, but for legal reasons you must be a UK resident to enter this competition.

The competition closes on Monday 20 July at 10am BST

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SK Hynix: South Korean chip giant raises $26.5bn in US share sale

South Korean computer chip maker SK Hynix has raised $26.5bn (£19.8bn) in its New York share offering, marking the largest ever listing by a foreign firm in the US.

The company, a key supplier to artificial intelligence (AI) chip giant Nvidia, said on Thursday that it had sold 177.9 million American depositary shares for $149 each. The shares are set to begin trading on Friday on the Nasdaq.

In May, SK Hynix saw its market value top $1tn in its home country, lifted by the boom in demand for AI chips.

Its share price has more than tripled in South Korea this year, which along with Samsung Electronics has helped boost the benchmark Kospi index by more than 70% over the same period.

SK Hynix is one of the world’s leading memory chip makers. The industry has been given a major boost by the hundreds of billions being spent on AI.

Shares in rivals Samsung Electronics and Micron have more than doubled in recent months.

The US listing gives SK Hynix easier access to huge amounts of potential investment from the world’s biggest economy, which has fewer barriers than South Korea, said Seoul National University finance professor Jaewon Choi.

Traders are closely watching the listing as a “yardstick to test the water” for whether investor enthusiasm for memory chip makers will continue, Choi said.

The AI boom has triggered a rush of companies raising money on the the stock market.

In June, GrokAI owner SpaceX became the world’s biggest ever listing as it raised $85.7bn.

Meanwhile, AI developers Anthropic and OpenAI are preparing to go public, with valuations of more $1tn.

Demand for SK Hynix’s offering was reportedly over seven times more than the number of shares available, highlighting the strong investor appetite for a key company in the AI supply chain.

Each American depositary share is equivalent to a tenth of a Seoul-traded common share, SK Hynix said.

The offering gives US investors a way to buy SK Hynix shares without having to trade via an overseas stock exchange.

The company has pledged major investments to develop South Korea’s chip making and AI capabilities in the coming years.

The country’s government is likely to be counting on SK Hynix’s US listing to raise funds that can support the firm’s domestic investments, said Hanyang University business professor Yun Youngjin.

But the Nasdaq listing carries some risks, especially if investors move money towards the US and away from South Korea’s stock market, Yun added.

In June, the country’s government unveiled plans for more than $880bn of investments in partnership with SK Hynix and Samsung.

Both SK Hynix and Samsung have stock market valuations of more that $1tn, joining growing group of firms which includes tech giants Nvidia, Apple, Microsoft and Google-owner Alphabet.

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Column: Trump decries ‘communism’ while his government takes ownership of companies

As a student years ago, I dove deep into the history of the Red-hunting McCarthy era and became familiar with the actor who emerged second only to Wisconsin Sen. Joe McCarthy as the villain of that insidious time: his shameless, conniving young lawyer, Roy Cohn. Never would I have imagined that a future president would count Cohn as a mentor and role model.

Then came Donald Trump.

Now, in Cohn-inflected McCarthyesque style, President Trump is channeling his tutor yet again, baselessly labeling his political enemies — all Democrats — as communists as he looks ahead to the fall’s midterm elections. Once more Trump shows that his catchphrase “Make America great again” means regressing, this time to Trump’s formative 1950s and the McCarthy era that sadly helped define it.

In recent speeches, including on the Fourth of July, Trump’s utterances of “communist” or “communism” reached double digits each time. (As that implies, the president didn’t set aside his divisive rhetoric even for the nation’s 250th birthday.)

“Our warriors did not fight communism on battlefields across the world only to have that menace rear its ugly head right back here in America,” Trump said late on the Fourth on the National Mall.

Trump couples his commie-baiting with a dash of his trademark xenophobia. “There is now a resurgence of the communist menace in our land, including by newcomers to our country who embrace ideas totally opposed to our way of life and our great success,” he said at Mount Rushmore a day earlier. (He’s got it backward, of course: Immigrants come here for the American way of life and promise of success.)

Here’s the irony: Trump’s actions in his second term make him look more like the commie. He’s projecting again.

Now that Trump is exploiting a few victories lately by left-wing democratic socialists in Democratic primaries to paint the entire party as communists, it’s time to review the record — his record.

A hallmark of communism is government ownership of companies and control of the economy, at the expense of private property and free markets. In just over a year, Trump has used billions of taxpayers’ dollars to buy shares for the government in a growing list of private companies — U.S. Steel, Intel, Westinghouse and more — citing national security. The companies don’t always welcome their new stakeholder; at a minimum, they rightly fear it for the demands the government could make about prices and production.

“It’s what Putin did,” the estranged Republicans at the Lincoln Project posted online Monday. “Trump is the closest we’ve ever come to communism.”

“What began as a populist revolt against so-called elites has become a program of state ownership, price fixing and top-down industrial control,” free-market economist Veronique de Rugy wrote in The Times last October of Trump’s actions. “The power to ‘partner’ with business is the power to control it.”

Comrade Trump’s first big government grab, and a model for those to come, was in June last year, when he wrested a permanent “golden share” in U.S. Steel in return for approving its sale to Japan’s Nippon Steel. The company’s charter was revised to give the U.S. president extraordinary veto power over nearly a dozen corporate activities, including closing or relocating plants, supply-chain decisions, even pricing.

“We have a golden share, which I control,” Trump told reporters at the time, in words I never thought I’d hear from a president of the party once associated with free markets.

Just last week, Trump boasted to CNBC how he’d extracted a 10% stake in beleaguered chip giant Intel last August, after first demanding that its chief executive resign. “Intel came in. They had a problem. I said, ‘I can solve your problem, but I want 10% of the company.’ … Somebody said that’s not very American. I said, ‘No, I think it is very American, actually.’ And I’ve done that with other deals.”

And so he has.

The Pentagon is now the largest stockholder in struggling MP Materials, a large rare-earth mine in California, and guarantees a 10-year price floor for its output that stunned competitors. The administration has since taken shares in other rare-earth companies. The Commerce Department took an option for an 8% stake in Westinghouse, to spur construction of nuclear reactors, and has the right to 20% if the government decides the company should go public. The government takes a 15% cut of Nvidia’s and Advanced Micro Devices’ AI chip sales to China.

As much as anything he does, Trump’s direct intervention in private enterprise invites the question “What if Biden/Harris/Obama did that?” The answer, of course: Trump and Republicans would cry “Communist!”

Trump’s actions are the sort Americans generally have only seen during economic emergencies or major wars, and then rarely. I covered the frenzied and ultimately successful response to the near-collapse of the global financial system and the U.S. auto, insurance and housing industries. Behind the scenes in the Obama White House (and George W. Bush’s at the outset) was constant, angst-filled debate about any actions smacking of government takeovers and a determination that interventions be temporary, unlike Trump’s schemes. (For all the still-lingering unpopularity of the banking bailout, the Treasury — the taxpayers — got all the money back and then some, and exited the business.)

Trump’s economic big-footing isn’t the only way in which he resembles the commies Americans know best, and whom he so admires: Vladimir Putin, Xi Jinping, Kim Jung Un. There are also the images of himself everywhere, monuments planned, drearily long and self-adulating speeches and interference in the nation’s cultural, educational and legal spheres and — worst of all — in elections.

At Rushmore, Trump closed with a demand that Congress pass his so-called SAVE America Act to restrict voting. “We do that and we’re not going to lose an election for 100 years,” he said, speaking of course about Republicans.

One-party rule through central government election finagling? Now that’s a communist.

Bluesky: @jackiecalmes
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Family Has Seen Share of Turmoil

If her husband is elected president, Teresa Heinz Kerry will be among America’s most recognizable figures. But she already is commander of a family empire that has been a familiar name to Americans for over a century — one whose history includes political activism and philanthropy, but also infighting and tragedy.

The Heinz family history is told all over this riverfront city — at a stylish museum named for Teresa’s late husband, Sen. H.J. “John” Heinz III, and in archives at Carnegie Mellon University. The name is stamped on parks, schools and a magnificent limestone chapel at the University of Pittsburgh.

For the record:

12:00 a.m. Oct. 31, 2004 For The Record
Los Angeles Times Sunday October 31, 2004 Home Edition Main News Part A Page 2 National Desk 2 inches; 72 words Type of Material: Correction
Teresa Heinz Kerry — An article about the Heinz family in Wednesday’s Section A said Teresa Heinz Kerry had funded the redevelopment of the site of the former Homestead steel plant in Pittsburgh. Her philanthropic organization funded other redevelopment along the region’s riverfront. The article also said Heinz Kerry gave a speech to the National Assn. of Christians and Jews in 1994. She spoke before the National Conference of Christians and Jews.

The symbols of Heinz wealth, power and patronage in Pittsburgh tell the public story of a pioneering American industrial family almost as important to food as the Fords are to autos and the Rockefellers are to oil.

A closer look reveals a long record of conservative as well as liberal political activity and philanthropy, mixed with epic battles over money and personal turmoil such as divorces, suicides and alcoholism.

Within the family, there are painful memories of a schism in the 1930s that led to a 50-year legal battle and helped shape the modern Heinz family. To this day, it has left some of the grandchildren and great-grandchildren of patriarch H.J. Heinz feeling cast out.

“Most of the time, people aren’t talking to each other,” said Nancy Heinz Russell, a granddaughter of H.J. Heinz. “That’s what happens when people have money.”

Teresa Thierstein Simoes-Ferreira joined the family in 1966, when she married John Heinz, future Republican senator from Pennsylvania and great-grandson of H.J. Heinz, the ketchup and pickle king.

She assumed control of the family empire in 1991 after Sen. Heinz died in a plane crash. Five years later, she married John F. Kerry, a Democratic senator from Massachusetts.

Even as she made a new life with Kerry, she remained loyal to the Pittsburgh branch of the family. She is addressed by her staff as Mrs. Heinz, and her legal residence is the Heinz family estate outside of town.

She has fought fiercely to protect the family image. Ten years ago, Heinz Kerry hired an archivist to research the family tree, but has kept the findings private, even within the family. She declined to be interviewed for this article.

After a lengthy genealogical investigation, The Times has identified the other descendants of H.J. Heinz, founder of the pioneering food company, who died in 1919 at age 74.

He left three wings of the family under daughter Irene and sons Howard and Clifford. Four generations later, there are more than three dozen descendants.

The family is spread far and wide, most having severed their Pennsylvania roots years ago. In several cases, The Times’ reporting led to members of the Heinz family getting in touch with each for the first time, including two distant cousins living a few streets apart near Monterey.

Except for Heinz Kerry and her three sons, most of the family lives in California. Heinz Kerry, worth at least $1 billion, controls the lion’s share of the family’s money, but there are other centers of wealth and sharply varied political views about how it should be used.

Separate Lives

Heinzes pioneered the industrialization of the U.S. food supply, pushed government reforms to improve food safety and advocated for military intervention to stop the Armenian genocide.

Heinz Kerry is the family’s largest philanthropist, but other Heinzes have opened their wallets for public causes from Orange County to New York. Family money has funded hospitals, assisted the poor and educated scientists and artists.

The family has also experienced tragedies, most notably the midair plane collision over a suburban Philadelphia schoolyard that killed Sen. Heinz and six others. Far less known is the alcoholism, suicide, eccentric behavior and marital instability that have plagued all three wings of the family.

Along the way, there were odd encounters with the rich and powerful. Rock star David Bowie wrote the song “Young Americans” for his good friend in the celebrity circuit, the late Sharon Heinz Tingle. Sarah Heinz Waller, whose husband was a maverick Chicago alderman in the 1920s, was personally threatened by mobster Al Capone, friends and family say.

Many Heinz family members today lead very private lives, tired of jokes about ketchup and requests for loans. Family members no longer manage H.J. Heinz Co., and they own less than 4% of the firm’s stock.

Some descendants have no real sense of heritage or kinship.

“I had no idea I had any relationship with this family until I was 12 years old,” said Wilda Northrop, a watercolor artist and a great-granddaughter of H.J. Heinz. “I was raised that this was a big secret.”

Northrop, president of the Carmel Art Assn., shook hands this year with Heinz Kerry at a fundraising event, but didn’t mention she was the second cousin of Heinz Kerry’s late husband.

Northrop’s son, Lowell, is supporting Sen. Kerry’s campaign, making videos for MoveOn.org, the liberal activist group. Lowell Northrop says he knows little about Heinz Kerry.

“It’s an interesting little story that I am a Heinz, but it is not something I have gone out of my way to tell anybody,” he said in a phone interview. “Money sometimes brings out the worst in people.”

‘Just Johnny Heinz’

The man Heinz Kerry married was the child of Joan Diehl Heinz and H.J. “Jack” Heinz II. The couple’s marriage did not last long, and they played very different roles in their son’s upbringing.

After their divorce, Joan moved to San Francisco with her young son in tow and, an aviation pioneer herself, married naval pilot Monty McCauley.

“No one in San Francisco knew where he came from,” said a family friend, Ted Stebbins, referring to the future senator. “He was just Johnny Heinz.”

Meanwhile, Jack Heinz, the father, was a consummate jet-setter. He owned a dozen homes and had two more wives after Joan. Suave and imperious, he hobnobbed with British royalty and Greek shipping tycoons while running the family company from Pittsburgh.

By most accounts, Jack Heinz had a distant relationship with his only son, and was none too happy when he learned that the main heir to the family fortune wanted to marry the daughter of a Mozambique doctor.

“His dad disapproved of his marriage…. The story was that his dad felt he had been hoodwinked by a fortune-seeking European woman,” recalls Cliff Shannon, who headed John Heinz’s Senate staff in the 1980s. “Eventually, he made his peace with Teresa.”

Jack Heinz underwrote the performance hall for the highly regarded Pittsburgh Symphony. Less well known is the philanthropy of his ex-wives.

Drue Heinz, the last of Jack Heinz’s wives, had bit parts in film, and still controls a foundation with assets of $32 million that supports some of the top fiction writers in America.

His first wife, Joan McCauley, who died in 1999, left the bulk of her $31-million estate in the Bay Area, contributing to the San Francisco Museum of Modern Art and the ARCS Foundation, which supports the nation’s elite students in science and engineering.

Progressive Legacy

The progressive views of family patriarch H.J. Heinz were out of sync with early 20th century capitalism. He provided employees with medical care and adult education. Some of his factories had rooftop gardens where workers could relax.

It was in this era that armed guards for U.S. Steel killed 10 employees during the infamous 1892 Homestead strike at a plant in Pittsburgh. In a move laden with symbolism, Heinz Kerry would later purchase the abandoned U.S. Steel plant and turn it into a public park.

“He treated his workers better than anybody I have seen in the early 20th century,” Nancy Koehn, a historian at Harvard Business School, said of H.J. Heinz. “He was the real deal.”

H.J. Heinz was branded a traitor in some sectors of the food industry because he supported government intervention to ensure minimum safety standards. As food-processing scandals raged in the background, he pushed hard for the Pure Food and Drug Act of 1906, which created the Food and Drug Administration.

His son Howard, also deeply involved in public service, was sent to the Middle East by the Wilson administration after World War I to head famine-relief efforts. On the day H.J. Heinz died, Howard was delivering 30,000 tons of food to the region, where he witnessed the unfolding genocide that took the lives of 1.5 million Armenians.

Howard tried to get Wilson to send troops to halt the slaughter in harsh, remote areas of eastern Turkey and Armenia. In a dispatch to the president, he wrote, “I do not believe America, when she knows the truth, will be satisfied to have all our ideals of humanity thrown to one side while these people are murdered.”

His pleas were ignored.

It was Howard’s grandson, John Heinz, who became a U.S. senator and came to personify a moderate Republicanism similar to his grandfather’s.

John Heinz tried working in the family business but left unsatisfied after five years. He became a college professor, and in 1971 was elected to Congress, six years after marrying Heinz Kerry.

Sen. Heinz drew an unusual mix of support. Steelworkers liked his protectionist policies, and he tirelessly promoted the coal industry. But he also backed environmentalists’ efforts to clean up the state’s air and water. On the campaign trail, he successfully masked his blue-blood pedigree.

“He had a common touch,” said Louis Pagnotti, whose family owns a Pennsylvania coal mine. “And Teresa was a big hit in the ethnic communities up here.”

Since the death of her husband, Heinz Kerry has kept tight control over family documents. About 10 years ago, she began collecting detailed personal information from distant relatives, recalled Robert Heinz, a great-grandson of H.J. Heinz.

After meeting the family archivist for lunch in San Francisco, Robert Heinz said, he repeatedly asked to see the family tree — with no success. “The archivist finally told me that Teresa has not authorized it,” Heinz said in a phone interview.

A Conservative Side

If Sen. John Heinz represented the family’s moderate politics and public policy, Clifford Heinz represents a different outlook.

A grandson of H.J. Heinz, Clifford has long — and quietly — underwritten conservative causes from his base in Orange County. He has acquired a wealth, celebrity and power separate and apart from the Pennsylvania wing of the family.

When the Dalai Lama won the Nobel Peace Prize in 1989, he was awakened with the news at Clifford’s mansion in Newport Beach, where he was a guest.

Heinz has helped fund the Free Congress Foundation, a Washington-based think tank, and has underwritten the campaigns of various Republicans, including Rep. Dana Rohrabacher of Huntington Beach. He has long funded ethics programs and endowed a chair for peace studies at UC Irvine.

“Clifford is a very principled, conservative Republican,” Rohrabacher said.

Clifford Heinz, 85, declined to be interviewed. His attorney, Bernard I. Segal, said his client had no desire to be drawn into a public controversy with Heinz Kerry. To put it mildly, the two have little in common politically.

Clifford Heinz was a key financial supporter of Oliver North, contributing $25,000 to his unsuccessful Senate campaign in 1994 — the same year Teresa Heinz sharply attacked the former U.S. Marine colonel and his role in the Iran-Contra matter in a speech before the National Assn. of Christians and Jews.

“It is difficult to imagine anything more cynical than Oliver North running for Congress,” she said in her speech. “This is a man who used his moment in the public eye to spit not just on politicians, but on the institution of Congress itself.”

Geographic Schism

Not long after the death of patriarch H.J. Heinz in 1919, his descendants began migrating to California, and a Western branch of the family came to outnumber the Eastern branch. By the Depression, a full-blown schism had occurred, centered around who would get the family wealth held by the senior Clifford Heinz.

A director and vice president for labor relations, Clifford had always been second fiddle to his older brother, Howard. And by the Depression, Howard’s son Jack was playing an influential role in the family business.

The battle began in March 1935, when the senior Clifford Heinz died of pneumonia at a Palm Springs hotel. He had left Pittsburgh three months earlier, hoping the dry desert air could cure him. Clifford’s third wife, Vira Ingham, was by his side when he died.

But the three children from his second marriage — Clifford, Nancy and Dorothy — were never informed of their father’s illness, even though they lived only a few hours away in Beverly Hills. Their mother was socialite Sara Moliere Young, who had run afoul of the Pittsburgh family.

After their father’s death, the teenage children received a second jolt, discovering that in Clifford’s final will, they had been disinherited. They came to believe that decision was made on his deathbed under pressure from the elders of the Pittsburgh clan.

“They tried to cut us out of the will,” recalled Nancy Heinz Russell. “Dad was not a strong, forceful man … and the Heinz family hated my mother. The Eastern family hated the Western family.”

The resulting lawsuit dragged on for decades, ultimately resulting in the children getting a large share of key Heinz trust funds.

It wasn’t the only time the family played tough when it came to money.

Rust Heinz, grandson to the company founder, moved to Pasadena in the 1930s and married Helen Clay Goodloe, daughter of a prominent family from Kentucky that included a U.S. senator and an ambassador.

When Rust was killed in a 1939 car accident, Heinz family attorneys persuaded his wife to take $25,000 and forfeit any claim to the family money. The couple had separated, but they were still legally married.

The inside story of what had happened was detailed in a newspaper article 16 years later in the Pittsburgh Press. The headline: “Heinz widow traded fortune for $25,000.”

After a second unhappy marriage, Helen Heinz took her life, according to her daughter, Margot Pierrong, a convention planner who lives in Anaheim.

“She was so young,” Pierrong said. “I am not bitter, but what the Heinz family did to my mother will come around.”

Out of Public View

Irene Heinz, the eldest child of the company founder, married and moved to Manhattan, and her branch of the family virtually disappeared from public view.

Irene’s husband, John LaPorte Given, suffered a nervous breakdown — under the harsh treatment of the Heinz family, according to his granddaughter. He retired early to play golf, and gave away tens of millions of dollars to Harvard University and other schools.

A daughter, Sarah Given, came to distrust the family money, saying it destroyed personal character. She married twice, the second time to a firefighter.

Sarah’s younger brother, John Given, became estranged from the family and was known for eccentric behavior. New York City police arrested him in 1948 on allegations that he beat a man with his cane.

When police examined the cane, they found a 28-inch dagger in its shaft. Four years later, after he fired a pistol at a neighbor’s birthday party, he was ordered by a New Jersey magistrate to leave town.

Given, who never married and suffered from alcoholism, died in 1957. In his will, he instructed executors at Chase Manhattan Bank to find deserving beneficiaries for his estate.

They gave more than $4.5 million to charity.

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Share a tip on a great summer family day out in the UK | Travel

School’s (almost) out … and with a long summer stretching ahead, we want you to share fun activities that will help others fill the family diary. We’d love to hear about your favourite summer days out and adventures in the UK. Perhaps it’s a trip to an outdoor sculpture park or gallery, a great picnic spot by a river, a small theme park or coastal hike to a quiet cove.

The best tip of the week, chosen by Tom Hall of Lonely Planet wins a £200 voucher to stay at a Coolstays property – the company has more than 3,000 worldwide. The best tips will appear in the Guardian Travel section and website.

Keep your tip to about 100 words

If you have a relevant photo, do send it in – but it’s your words we will be judging for the competition.

We’re sorry, but for legal reasons you must be a UK resident to enter this competition.

The competition closes on Monday 6 July at 10am BST

Have a look at our past winners and other tips

Read the terms and conditions here

Share your tip

Share your travel tip using the form below.

Your responses, which can be anonymous, are secure as the form is encrypted and only the Guardian has access to your contributions. We will only use the data you provide us for the purpose of the feature and we will delete any personal data when we no longer require it for this purpose. For alternative ways to get in touch securely please see our tips guide.

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Share a tip on a cooler coastal break in Europe | Travel

As heatwaves become an increasingly common feature of European summers, more of us are looking to cooler, northern coastlines for our seaside holidays. From the traditional seaside towns of Germany, northern France and the Netherlands, to the long sandy beaches of the Baltic coast and the islands of Scandinavia, we’d love to hear about your favourite cooler coastal breaks in Europe.

The best tip of the week, chosen by Tom Hall of Lonely Planet wins a £200 voucher to stay at a Coolstays property – the company has more than 3,000 worldwide. The best tips will appear in the Guardian Travel section and website.

Keep your tip to about 100 words

If you have a relevant photo, do send it in – but it’s your words we will be judging for the competition.

We’re sorry, but for legal reasons you must be a UK resident to enter this competition.

The competition closes on Monday 29 June at 10am BST

Have a look at our past winners and other tips

Read the terms and conditions here

Share your tip

Share your travel tip using the form below.

Your responses, which can be anonymous, are secure as the form is encrypted and only the Guardian has access to your contributions. We will only use the data you provide us for the purpose of the feature and we will delete any personal data when we no longer require it for this purpose. For alternative ways to get in touch securely please see our tips guide.

If you’re having trouble using the form click here. Read terms of service here and privacy policy here.

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Fox Corp. to buy streaming platform Roku for $22 billion

Fox Corporation has agreed to acquire the streaming platform Roku Inc. in a deal valued at $22 billion, the companies announced Monday.

The deal will combine the Murdoch family’s media assets, which include its news, sports and broadcast channels, with the San Jose-based streaming platform that reaches 100 million consumers globally.

The acquisition would give Fox access to consumer households at a time when the traditional pay-TV universe continues its slow decline as viewers move away from cable and satellite services to video streaming. Fox already owns the free ad-supported streaming service Tubi, which recently became profitable.

“This is a defining moment for Fox and a natural extension of the deliberate and focused strategy we have been executing for nearly a decade,” Fox Corp. Executive Chair Lachlan Murdoch said in a statement.

By owning Roku, Fox gets access to data from the 100 million households connected to the service, which can be used to better target audiences with advertising. The combination would also make Fox less dependent on traditional pay TV platforms for the distribution of its channels.

According to Nielsen data, 21% of all internet-connected TV viewing comes through Roku. The Roku Channel, which carries 500 ad-supported streaming networks, accounts for 3% of all TV viewing.

An image of a Roku branded TV.

An image of a Roku branded TV.

(Roku)

Research firm Emarketer projects ad revenues of $3.57 billion for Roku this year, up 19% from last year.

Lloyd Grief, chief executive of the Los Angeles investment bank Greif & Co., said Roku would have been challenged to compete against far better capitalized competitors in the streaming business and that a sale was “inevitable.”

For Fox, the proposed deal makes them a larger player in the digital advertising business. Emarketer senior analyst Ross Benes said the Roku business will “more than double,” the company’s revenues in that area.

“It remains to be seen how well the combination of a digitally innovating streaming company will mesh with a media conglomerate rooted in legacy assets,” Benes said.. “But the strategy makes sense and it jibes with the continual consolidation that’s occurring in streaming.”

Fox sold its TV and movie production assets to Walt Disney Co. in 2018. Rather than invest heavily in scripted entertainment to compete with emerging streaming companies, Fox decided to concentrate on sports and news.

The Roku deal will put Fox deeper into the distribution network. Over its history, the company has held stakes in satellite TV provider DirecTV and Sky TV.

The companies said they are committed to keeping Roku as a “partner-friendly” platform that carries program services that compete with Fox. Brian Wieser, a consultant at Madison and Wall said that might require some convincing.

“Other content owners may still need Roku’s distribution, but they may be less comfortable with the idea that one of their competitors controls an increasingly important part of the streaming interface,” Wieser wrote in his note on the proposed deal.

Roku shareholders will receive a combination of cash and Fox Corporation stock valued at $160 a share.

The companies say they expect cost savings of $400 million in the combined entity.

Roku was founded in 2002 by Anthony Wood, a British digital entrepreneur. The company launched a streaming device, the Roku player, in 2008. Within six years, the company sold more than 10 million devices, as the popularity of streaming video rapidly grew.

Fox Corp. shares were down 10 to 15% on news of the deal, trading around $55.57 Monday morning. Roku shares were down slightly to $142.

Times staff writer Wendy Lee contributed to this report.

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Bosnia, Canada share points in hard-fought draw at World Cup | World Cup 2026 News

Cyle Larin’s equaliser gives Canada first World Cup points after Jovo Lukic put Bosnia in the lead in the first half.

Canada striker Cyle Larin came off the bench to salvage a 1-1 draw for his side against Bosnia and Herzegovina in a frenetic Group ⁠⁠B opener that had long looked like it would end in defeat for the World Cup cohosts.

Bosnia went ahead in the 21st minute of the game on Friday when Jovo Lukic steered home a flick-on from a corner ⁠⁠for his first international goal in his country’s return to the World Cup after 12 years.

Bosnia-Herzegovina's forward #25 Jovo Lukic (hiddden) is is congratulated by teammates after scoring a goal during the 2026 World Cup Group B football match between Canada and Bosnia and Herzegovina at the Toronto Stadium in Toronto on June 12, 2026. (Photo by Cole Burston / AFP)
Jovo Lukic was mobbed by his teammates after scoring [Cole Burston/AFP]

Canada thundered forward and should have equalised through Richie Laryea in the 53rd, only for Bosnia’s Sead Kolasinac to miraculously steer his shot off the crossbar and away to safety.

The Canadians continued to attack relentlessly, but despite creating plenty of chances, they lacked precision in their finishing as the ‌‌Bosnians dealt with a succession of crosses and looked to be heading for a narrow win.

Larin had other ideas, however, when introduced in the 76th minute and made an immediate impact, swivelling in the box and firing home a deflected strike less than three minutes later to equalise and send the home crowd into raptures.

The result gave Canada their first-ever World Cup point but left them short of the winning start they had craved.

Canada's forward #09 Cyle Larin (R) celebrates after scoring a goal during the 2026 World Cup Group B football match between Canada and Bosnia and Herzegovina at the Toronto Stadium in Toronto on June 12, 2026. (Photo by Cole Burston / AFP)
Larin (celebrates after scoring [Cole Burston/AFP]

Jonathan David had a glorious chance to put Canada in ⁠⁠front early on, but the country’s all-time leading scorer sent his well-struck shot ⁠⁠from the centre of the area right at goalkeeper Nikola Vasilj.

After Lukic put the battle-tested Dragons on the board, it was Canada, roared on by a boisterous red-clad crowd, who took over.

Canada pressed for the rest of the half but were unable ⁠⁠to establish much of a presence deep in the Bosnia half, with almost every ball they sent into the area quickly cleared from danger.

The hosts nearly ⁠⁠drew level at the start of the second period when Laryea ⁠⁠went through on goal and his shot looked certain to head over the line until Kolasinac stepped in at the last moment to clear via the bar.

With the game starting to open up, Bosnia nearly doubled their lead moments later when Ermedin Demirovic went ‌‌through on goal, but Maxime Crepeau, making his World Cup debut after missing the 2022 edition with a broken leg, made a crucial save.

That set the stage for Southampton striker Larin, who earned the honour of ‌‌scoring ‌‌Canada’s first World Cup goal on home soil when he blasted home a right-footed shot from the centre of the box in the 78th minute, moments after entering the game.

INTERACTIVE World Cup 2026 Stadiums Toronto_Stadium-1779602627

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Share a tip on your favourite hike in Europe | Travel

Exploring on foot is one of the best way to discover new landscapes and enjoy spending time in the great outdoors. We want to hear about your memorable European summer hikes, whether it was a multi-day mountain trek or a more gentle walk along a river or around a lake.

The best tip of the week, chosen by Tom Hall of Lonely Planet wins a £200 voucher to stay at a Coolstays property – the company has more than 3,000 worldwide. The best tips will appear in the Guardian Travel section and website.

Keep your tip to about 100 words

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Best places to eat and drink near the L.A. Coliseum

First-timers visiting the 35,000-square-foot Mercado La Paloma, take heed: The line likely trailing out the door and into the parking lot is specifically for Holbox, the most decorated and popular among the market’s seven food vendors. Chef Gilberto Cetina’s mariscos creations are revolutionary in their freshness and jigsaw-intricate flavors. Tuna tostada, scallop aguachile, coctel mixto and smoked kanpachi taco number among must-try dishes. Other wonderful options in the mercado await without the Holbox queues. Begin at Komal, where Fátima Juárez’s quesadillas and tacos, as beautiful as they are delicious, showcase the earthy-fragrant masa she crafts daily from heirloom corn varieties, and Chichén Itzá, where the Cetina family serves lush, orange-scented cochinita pibil and other specialties from the Yucatán. The mercado is such a vital sanctuary for the city that fellow critic Jenn Harris and I ranked it number one on our recent guide to the 101 Best Restaurants in Los Angeles.

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Vince McMahon and others sanctioned for ‘deleted texts’ in WWE share

A Delaware Court of Chancery judge delivered a blow to wrestling impresario Vince McMahon and other World Wrestling Entertainment officials earlier this week.

Judge J. Travis Laster, vice chancellor of the Delaware Court of Chancery, issued sanctions for “spoliation of evidence” in the shareholder lawsuit over the 2023 merger between Ultimate Fighting Championship and WWE.

Laster ruled on Tuesday that WWE executives destroyed evidence by using the auto-delete setting on the messaging app Signal, enabling potentially relevant communications to be deleted.

The ruling means the court will operate under the assumption that five potentially damaging statements are true while allowing the defendants to rebut them.

The statements, according to the ruling, include that McMahon’s decision on the merger was “influenced” by Endeavor Executive Chairman Ari Emanuel’s “promise” to provide him with a continued role at the company and to indemnify him and provide legal support as federal investigators were looking into claims of alleged sexual misconduct.

McMahon pursued a deal with Endeavor in 2022 before WWE initiated its strategic review process, and both McMahon and then-WWE President Nick Khan worked with The Raine Group, a strategic financial advisor, “to steer the process to Endeavor and away from other potential bidders,” the ruling states.

In September 2023, entertainment giant Endeavor, the parent company of UFC, acquired WWE and merged the two sports entities to form a new, publicly traded company, TKO Group Holdings, in a deal worth $21.4 billion.

A month later, a group of shareholders filed suit against McMahon and other company officials in Delaware Chancery Court, claiming McMahon orchestrated a “sham sale process.”

Representatives for McMahon, WWE and TKO were not immediately available for comment.

According to the suit, McMahon, WWE’s controlling shareholder, turned down higher offers and excluded other bidders who would have ousted him and instead chose a deal that favored Endeavor’s Emanuel, a “close friend and longtime ally,” enabling McMahon to continue running WWE and shielding him from federal investigations related to a raft of sexual misconduct claims.

The complaint also alleges that the $21.4-billion deal undervalued the company and was “far below the offers” WWE’s board could have received from other interested parties had they “made any effort to negotiate in good faith.”

The litigation is related to the 2022 investigation by WWE’s board that found that McMahon made at least $14.6 million in payments between 2006 and 2022 for “alleged misconduct.” McMahon has denied claims of misconduct.

The settlements were made to women, including WWE employees, who alleged that McMahon initiated unwanted sexual contact and coerced women into performing sexual acts on him. In one case, first reported by the Wall Street Journal, a woman claimed that McMahon sent her unsolicited nude photos of himself.

McMahon’s alleged misconduct became the subject of ongoing investigations by the Securities and Exchange Commission and the U.S. Department of Justice.

“I am confident that the government’s investigation will be resolved without any findings of wrongdoing,” McMahon said in a statement to The Times in 2023.

Last January, the SEC announced it had settled charges against McMahon alleging he had violated federal securities laws by failing to disclose a pair of settlement agreements to WWE worth $10.5 million.

McMahon agreed to pay more than $1.7 million in a civil penalty and in reimbursement to WWE, without admitting or denying the agency’s findings. Federal prosecutors also have dropped their criminal investigation.

In January 2024, McMahon resigned as executive chairman of the board of TKO Group, one day after a former WWE employee, Janel Grant, sued the company, McMahon and former head of talent relations John Laurinaitis, alleging sexual assault, trafficking and emotional abuse.

Grant claimed that McMahon agreed to pay her $3 million in exchange for her silence.

The shareholder trial is set to begin on June 8. McMahon, Emanuel, Khan, TKO President Mark Shapiro, and WWE Chief Content Officer Paul “Triple H” Levesque are expected to testify.

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