Katie Roof

BREAKING: @Skydance - RedBirdCap said to be final stages of negotiating purchase of Paramount&Co.though talks remain fluid, sources say. Under terms being discussed, Shari Redstone will retain stake in company through preferred stock. RedBird’s Jeff Shell will play key management role; Jeff Zucker eying return to broadcasting as well by likely running @CBS. Talks remain fluid, but $PARA increasingly concerned that Sony -Apollo deal wouldnt pass regulatory muster. Deal could be finalized in 2 weeks; final terms could value payment to Redstone at $3 billion

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Today's euphoric reaction to a slightly cooler June CPI print may qualify as an example of what Carley Garner, DeCarley Trading highlights here on the risks of an overheated #stockmarket #spx #copper #yen that could lead to a substantial drop for #s&p500

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Today's story:

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For today's Wide Shot newsletter, we return to the question of whether streaming is a good business and, more precisely, for whom? We address cable giant John Malone's recent assessment (categorically "no") and take a look at the state of Netflix, Disney, Paramount and others who participated in the streaming war. Who's winning? Who's still losing money? What's the next stage of the streaming business? (Oh, we also get into JOKER 2's box office travesty). #entertainmentbusiness #hollywood #streaming

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Meta seems ready for redemption in the 2024 election cycle. If so, it's thanks to its Oversight Board. My latest CEO Daily for Fortune. With the U.S. presidential election less than six months away, and elections also happening in the EU, U.K., India, and many more countries, now is a good time for CEOs to reflect on their company’s relationship to democracy at large. One company that has done so, and seems ready for redemption, is Meta.  Meta has come a long way. Eight years ago, the Trump campaign used improperly obtained Facebook data to build voter profiles for 50 million users, and Russia weaponized Facebook to undermine the integrity of the U.S. elections. The scandals led to Facebook’s darkest hour, and forced its founder, Mark Zuckerberg, to testify before Congress.     But 2024 isn’t 2016. A crucial part of Meta’s response since then has been the creation of an “independent” oversight board. And last week, that group released its key lessons in a historic election year. These are my takeaways: – A company should think about its principles vis-à-vis democracy and not react only to specific instances. Meta learned this lesson when it blocked former President Donald Trump’s Facebook account after the Jan. 6 attack on the Capitol, which was seen as arbitrary. When it reinstated Trump’s account in 2023, Meta did so based on more broadly applicable protocols.   – Almost no company can be entirely apolitical. Some of the most divisive societal issues concern foundational democratic principles—freedom of speech, equality, limits on government interference—written up in constitutions and human rights charters. A company must know where it stands on such values.  – Efforts to interfere with elections often start small or in inexpensive markets. They then move to more expensive markets. Some interference campaigns are subtle, using deep fakes or somewhat credible fake claims. A company must study its weakest points of entry to ensure it’s not a vehicle for such schemes. – Finally, oversight boards are a good idea for almost any organization. Meta’s self-governing board can be critical of the company, and its supervision ensures Meta is caught off-guard less often by user protest or complaints.  Meta didn’t get it 100% right. One shortcoming of its oversight board is that it still depends on Meta for funding. Over time, that’s bound to lead to problems. But Meta’s approach nevertheless benefits the company—and society—in myriad ways. For Meta, it lowers the likelihood of future PR crises. More broadly, it makes Meta act as a more responsible corporate citizen. That’s in everyone’s interest, and a model to follow. Thanks to my old classmate Simona Sikimic-French for providing very useful background, and Claire Zillman for another excellent edit. #elections #socialmedia #corporateresponsibility https://lnkd.in/e3Dq6F9D

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What a treat to spend time in studio with Carol Massar and Tim Stenovec for this Bloomberg Businessweek conversation about my new book, HOW THE WORLD RAN OUT OF EVERYTHING: Inside the Global Supply Chain. This episode really captures my book. #supplychain #China #shipping #rail #manufacturing #globalization #trade #manufacturing #JustInTime #labor #monopolypower

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