The Body Shop to shut 4 London stores today - is your local outlet affected?
The Body Shop is closing seven of its stores, including four in London, due to falling into administration.
Around 270 head office jobs will be cut, leaving 400 workers at the London headquarters, and around 1,500 workers across UK shops may face redundancy. [ more ]
With AFL teams folding, league names ex-Rams coach Jeff Fisher interim commissioner
Jeff Fisher, former NFL coach, takes the role of interim commissioner in the wobbly Arena Football League, aiming to strengthen and revive the struggling league. [ more ]
Snap shares see biggest drop in a year after holiday sales disappoint
Snap Inc. reported lower-than-projected revenue over the holiday season, disappointing investors. Its revenue rose 5% in Q4 but was flat for the full year.
Snap is undergoing a broad restructuring, including job cuts and ending non-revenue-generating projects. It projected a loss in adjusted earnings for the current period, larger than expected. [ more ]
AI Is Nigh For Google Search; Streamlining Streaming Sales | AdExchanger
Here's today's AdExchanger.comnews round-up... Want it by email?Sign up Prompt And Search-umstance here.Google is ramping up its AI capabilities for its flagship search product, The Drum reports.During its Google I/O developer conference on Wednesday, the company announced it's launching Search Labs, an experimental program aimed at expanding AI search functionality.
Ad-supported Disney+ is the only tier of any major streaming service not currently available on Roku, the No. 1 device-maker in the U.S.
Why isn't Disney+ with ads on Roku yet?It's a match made in streaming heaven: Roku is the No. 1 streaming portal in the U.S. with 40 percent market share, according to a Q3 Parks Associates survey.
BeautyCounter, facing closure, plans to relaunch under a new company with a delayed timeline of late 2024, sparking inquiries and speculation. [ more ]
Manchester City chief's exit date revealed: report
Manchester City is set for significant structural changes with the departure of key figures like CEO Omar Berrada and potential exits of Pep Guardiola and Txiki Begiristain. [ more ]
Warner Bros. Discovery Favors Discovery In Its Ongoing Streaming Restructure | AdExchanger
Warner Bros. and Discovery insist their marriage is working.Although they've had to go through a little, shall we say, counseling."It was a heavy lift bringing [these] two teams together," David Zaslav, CEO of Warner Bros. Discovery (previously CEO of Discovery), told investors during the merged company's earnings conference on Thursday.
The TV Industry Flounders Under Economic Pressure And Fiery Competition | AdExchanger
It ain't easy being a broadcaster these days.TV budgets are often the first to get cut during economic downturns, the streaming wars are raging, and the axe of supply-path optimization is hovering.I saw the pressure come to a boiling point last month when I tuned in to more tech and data showcases and year-end earnings calls than I care to count.
Commanders News: Emmanuel Forbes, Carson Wentz, OL coach and Day 2
Which Washington Commanders' news stories are making the headlines with just one day remaining of the 2023 NFL Draft?After a long two days so far, the Washington Commanders are gearing up for the last leg of selecting prospects from the college ranks during the 2023 NFL Draft.This will be followed by undrafted free agency, which is another chance for Ron Rivera to strengthen his options with almost no remaining salary-cap space at the team's disposal.
Google's internal AI ethics watchdog, known as RESIN, has lost its leader and is being restructured.
The team's role was to review internal projects for compatibility with Google's AI principles and ensure responsible development and use of AI technology. [ more ]
Former Call of Duty boss is now in charge of Blizzard, and she knows what she's walking into
Johanna Faries has been appointed as the head of Blizzard Entertainment, after previously working as the chief of the Call of Duty franchise at Activision.
Faries is the first Blizzard boss appointed after Microsoft's acquisition of Activision Blizzard. [ more ]
Troubled Crypto Exchange Zipmex Proposes to Pay Creditors 3.35 Cents on the Dollar: Bloomberg
Zipmex, a troubled cryptocurrency exchange, has proposed paying creditors 3.35 cents on the dollar in its restructuring plan.
Major creditors have pushed back against the proposals and requested a review of Zipmex's assets and liabilities.
Zipmex froze withdrawals in July 2022 after suffering losses from the collapse of the Terra ecosystem and exposure to bankrupt Celsius Network. [ more ]
Spotify to Lay Off 200 Employees in Podcast Strategy Shift
Spotify, the audio streaming platform, said on Monday that it planned to lay off about 200 people, including workers at the popular podcast studios Gimlet Media and Parcast.The 2 percent cut to the company's work force is part of a strategic realignment of the podcast division, Sahar Elhabashi, the head of podcasts at Spotify, said in a memo to Spotify employees on Monday.
Microsoft Is Deprioritizing Third-Party Ad Tech Amid Reorgs And Layoffs | AdExchanger
Microsoft's purchase of Xandr from AT&T in late 2021 might have looked like an embrace of third-party ad tech.But while parts of the Xandr tech are considered valuable by Microsoft, the future of Xandr as an SSP integrated with thousands of outside publishers is in doubt.Since completing the acquisition in June of last year, Microsoft Advertising has shifted its focus to first-party products and integrations to win and secure key accounts, such as Netflix, according to multiple sources with direct knowledge of recent changes within the group.
AppLovin's Software Revenue Is Growing After App Studio Reorg
Historically, AppLovin made most of its revenue from its portfolio of apps.Now the company appears to be nearly finished with the bloodletting necessary to transform itself into a primarily software-focused business.In Q1, AppLovin's total revenue was $755 million, a near even split between apps (at roughly $360 million) and software (at $355 million).
You may have seen the recent news about the acquisition of Sumo Logic by Francisco Partners.Private equity acquisitions like this can lead to uncertainty and questions, especially around two essential customer observability needs:
Unified capabilities, data, and teams: Unifying tools and data requires continued investment.
LAist to cut 21 positions, citing revenue shortfall
(Mel Melcon / Los Angeles Times)
Southern California Public Radio, which runs local station LAist (formerly known as KPCC), said Tuesday that it would cut staff by more than 10% due to a revenue shortfall.In a note to employees, President and Chief Executive Herb Scannell announced the elimination of 21 positions as part of a restructuring.
BBC Northern Ireland journalists take to picket lines as council votes counted
BBC Northern Ireland journalists are on the picket lines as votes are counted across the region following the local government elections.The 24-hour strike saw several flagship programmes including BBC Radio Ulster's Good Morning Ulster and The Nolan Show go off air as more than 200 journalists took part in the walkout.
Earlier this week, United States Bankruptcy Judge Christopher M. Lopez ruled that Diamond Sports Group (DSG) - a subsidiary of Sinclair Broadcast Group and operator of the Bally Sports network of regional sports networks (RSNs) - is required to pay the full value of their TV contracts with the Rangers, Twins, Guardians, and Diamondbacks.
Introduction The Motorola Edge lineup has seen some restructuring this year, with the Pro punching slightly above last year's model and aspiring for some Ultra-ness.The vanilla Edge 40 joins it on this upward trend in some ways, possibly making it more difficult for a 30 Fusion successor to find a spot in the ranks in the Fall, though it's not all upgrades.
Face-to-Face Time with Your Employees Still Matters
Tell a group of employees you want more face time and prepare for sighs and eye rolls.Many see face time as a necessary evil because it can feel like time wasted, where they have to show up and be seen for political reasons, not to get meaningful work done in the most expeditious way.Research reinforces what we know intuitively: Being seen connotes positive traits like commitment, even if we're just sitting there.
5 reasons Christian Gonzalez is a great fit for the Patriots
There was a lot of pressure on the Patriots to nail their first-round pick this year, and it appears they may have walked away with the steal of the night.Because they had a prime position at pick 14, they had numerous prospects to choose from compared to years past.Most assumed they would go with one of their top three neediest positions; cornerback, offensive tackle, or wide receiver, and all the stars were aligned as they were initially put on the clock.
Putin should be under no illusion Xi is not Russia's knight in shining armour | Olga Chyzh
The three-day visit of Xi Jinping to Russia was packed with action: a crepe and quail meal, photo ops and ceremonial signings.Pomp and circumstance aside, Xi's visit to Russia did not live up to Putin's hopes and expectations.As it turns out, the obvious similarities between the two leaders their autocratic hold on power and their tenuous relationship with the west do not directly translate into common interests and goals.
Bed Bath & Beyond's Canadian operations are going out of business | CBC News
Bed Bath & Beyond's Canadian operations are going out of business, according to a court filing on Friday, two days after the retailer quickly raised cash to stave off a U.S. bankruptcy.The Canadian division, which operates 54 Bed Bath & Beyond stores and 11 buybuy BABY stores, is insolvent, the filing posted on the website of consultancy Alvarez & Marsal showed.
Ezekiel Elliott's response to 'overpaid' label is hard to argue with
Ezekiel Elliott is taking accountability for his performance in an effort to stick with the Dallas Cowboys.A glaring reason the Dallas Cowboys lost to the San Francisco 49ers in the Divisional Round of the NFL Playoffs is that Tony Pollard went out with an injury.The Cowboys rushed for just 76 yards in that game, Ezekiel Elliott's 2.6 yards per carry a far cry from Pollard's seasonal 5.2 average.
Vice Media Group, the company behind popular media websites such as Vice and Motherboard, is preparing to file for bankruptcy, the New York Times reported on Monday, citing people with knowledge of its operations.The report comes days after Vice shuttered its Vice News Tonight program, and amid waves of media layoffs and closures, including the end of BuzzFeed News.
Facebook Execs Panicking as They Try to Catch Up in AI Race
Scrambling The Silicon Valley AI race is on - and according to a new report from Reuters, Facebook-formerly-Meta's AI pivot has been even more chaotic than initially thought.And that's saying a lot, because from the outside, Meta's most recent pivot away from VR and the metaverse looks like a disaster.
Clubhouse needs to fix things, and today it cut more than half of staff
Clubhouse, a once skyrocketing social audio app built by Paul Davison and Rohan Seth, has laid off more than half of its staff.The startup's co-founders made the decision in response to customer habits changing in a post-COVID world and remote work complexities, according to a blog post.Those who were impacted will receive severance and continued healthcare coverage for the next few months.
Alibaba Group is planning to split into six units, the company told Reuters.The different entities will seek fundraisings and market listings as China eases its crackdown on private enterprises.The big restructuring will see the company split into six organizations - Cloud Intelligence Group (cloud solutions), Taobao Tmall Commerce Group (local online commerce services), Local Services Group (delivery services), Cainiao Smart Logistics Group (logistics), Global Digital Commerce Group (AliExpress) and Digital Media and Entertainment Group (gaming, motion pictures and web services).
Met police boss told to think again' over refusal to call force racist in wake of scathing report
S ir Mark Rowley was urged to think again about his refusal to use the term institutional racism to describe the bigotry in the Met as the author of the most damning report in the force's history warned that it rings hollow to say that he does not like the words.Louise Casey said she had the highest regard for the Commissioner as a man of utter decency and integrity and believed that he and his deputy, Dame Lynne Owens, were the best people to take on the huge challenge of overhauling the Met.
Mexican Football Federation president Yon de Luisa won't seek re-election for his position, the FMF announced on Wednesday.De Luisa, who was hired in 2018, will serve out his term through May at which point Liga MX club owners will meet to elect a new president.- Stream on ESPN+: LaLiga, Bundesliga, more (U.S.) "Today, the president of the Mexican Football Federation, Yon de Luisa, informed all members of the Owners' Assembly of his decision to not run for re-election as president of the FMF for the four-year period of 2023-2026, so that whoever takes this position adjusts to the new vision and objectives of the FMF," read a statement from the Mexican federation.
Vice Media cancels flagship show, announces painful' layoffs
Announcement comes after BuzzFeed last week said it was closing its news division.Vice Media has announced painful cuts including the cancellation of its flagship news show in the latest round of cutbacks to hit the struggling news business.The youth-focused media group said on Thursday it will cancel popular TV program Vice News Tonight as part of a restructuring that will result in layoffs.
A Missed $140 Million Payment Sends Sports TV Negotiations Into Overdrive
Diamond Sports Group, which owns and operates 19 regional sports networks that televise about a third of all M.L.B., N.B.A. and N.H.L. games, said on Wednesday that it would not make a $140 million interest payment on its nearly $9 billion of debt, setting the stage for a possible bankruptcy filing next month and building pressure for the leagues and others amid a sea change in how fans watch sports throughout the United States.
Pacific Western Bank gets $1.4B from Atlas after 20% decline in deposits
The current bank crisis hit California-based Pacific Western Bank, a community bank owned by PacWest Bancorp that has a focus on real estate and commercial loans.Following the collapses of Silvergate Bank, Silicon Valley Bank and Signature Bank over the last few weeks, deposits at the financial institution had dropped to $27 billion as of March 20, a decline of 20% compared to the end of December.
Sinclair's regional sports unit files for Chapter 11 bankruptcy
Sinclair Broadcast Group's big bet on regional professional sports veered into Bankruptcy Court on Tuesday as the company's unit that broadcasts local games filed for Chapter 11 protection.The company is seeking to restructure the more than $8 billion in debt it incurred from its 2019 purchase of regional cable channels.
Close Covered NFL since 1997, Cowboys since 2003 Previously covered Bengals and Dolphins Lives in Dallas area with his wife and two children
FRISCO, Texas - Needing to get under the salary cap by next week, the Dallas Cowboys created about $30 million in room on Friday by restructuring the contracts of quarterback Dak Prescott and right guard Zack Martin.
Split verdict for ex-Fox execs in FIFA bribery case
A former Fox executive was convicted Thursday of paying tens of millions of dollars in bribes to nab broadcasting rights to the World Cup and other top soccer matches.A second ex-executive was acquitted.A Brooklyn federal jury deliberated four days before returning the verdicts.Hernan Lopez, the former CEO of Fox International Channels, was convicted.
Hundreds more tech, life science layoffs jolt East Bay, San Francisco
BERKELEY Hundreds more layoffs affecting tech and life science jobs in the Bay Area have been disclosed by companies in what has morphed into a steady drumbeat of local staffing reductions.Affirm, Zendesk, Bayer U.S. and two subsidiaries of Johnson & Johnson have revealed reductions that are affecting well over 300 jobs in the Bay Area, according to several WARN notices that have been filed with the state Employment Development Department (EDD).
Regal Cinemas owner Cineworld says shareholders will be wiped out
Regal Cinemas owner Cineworld, which filed for Chapter 11 bankruptcy protection last year, said Friday that it expected shareholders to be wiped out entirely, meaning they should not expect to recover any funds from a restructuring or sale of the business.
...
Cineworld said it had also received a number of non-binding proposals to buy some or all of its business, but none of them involved an all-cash bid for the entire company.