Edmund Lee
The New York Times
New York, NY, United States
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Past articles by Edmund:
BuzzFeed Will Start Publicly Trading in Early December: BZFD
The company still loses money, but its revenue rose 20 percent in the third quarter. Investors who want to own a piece can do so around Dec. 6. → Read More
Fox buys TMZ from WarnerMedia, deepening its ties with the gossip brand.
Fox already broadcasts TMZ programs on some of its cable channels. → Read More
Locast, a nonprofit streaming service for local TV, is shutting down
In a real David-versus-Goliath fight, the giant won. → Read More
Salman Rushdie Enters His Substack Period
The Booker Prize-winning author has reached a deal with the newsletter platform, where he plans to publish fiction and interact with readers. → Read More
New York Times 2021 Q2 Earnings: 8 Million Subscribers
The company expects to end the year with about 8.5 million. In its quarterly results, it reported holding nearly $1 billion in cash. → Read More
Louise Story, a top editor at The Wall Street Journal, is leaving.
Ms. Story had been entangled in a power struggle between the paper’s editor and its newly appointed publisher. → Read More
BuzzFeed Closes In on Deal to Go Public
The digital publisher is said to be on the verge of announcing a SPAC merger that would take the company public. → Read More
After Media Detour, AT&T Confronts Old Problems
Following its spinoff of WarnerMedia, AT&T is back to primarily being a wireless company, with all of the challenges that entails. → Read More
‘Succession’ Meets ‘90 Day Fiancé’ in WarnerMedia-Discovery Deal
AT&T’s WarnerMedia group is merging with the reality programmer Discovery. What does that mean for your favorite shows? → Read More
AT&T, in Abrupt Turn, Will Shed Media Business in Deal With Discovery
The telecommunications giant will spin off WarnerMedia in a transaction that will combine HBO and CNN with Oprah Winfrey’s OWN and HGTV. → Read More
SpongeBob, ‘Star Trek’ and sports drive subscriptions to Paramount+.
ViacomCBS reports that its decision to revamp and rebrand its streaming service seems to be paying off. → Read More
Fox News keeps profits flowing at Murdoch’s Fox Corporation.
Revenue at Fox Corporation dropped as fewer viewers tuned into the company’s cable channels and the Fox broadcast network. The company also announced the acquisition of OutKick Media. → Read More
The New York Times Tops 7.8 Million Subscribers as Growth Slows
The publisher added 301,000 digital subscribers for the first quarter, the slowest gain in over a year. Profits jumped, beating Wall Street expectations. → Read More
Asian-American Business Leaders Fund Effort to Fight Discrimination
A new foundation is starting with $250 million in backing from influential executives and major companies. → Read More
Verizon Will Sell Yahoo and AOL to Apollo: Live Updates
Verizon Communications, signaling that it has given up on its media business, said on Monday that it had agreed to sell Yahoo and AOL to the private equity firm Apollo Global Management for $5 billion. The sale also includes Verizon’s advertising technology business. Verizon will retain a 10 percent stake in the overall business, it said in a statement. “This next evolution of Yahoo will be the… → Read More
Comcast Earnings Beat Expectations Amid Shift to Streaming
As it takes the risk of transforming itself from a TV giant into a streaming start-up, the cable operator beat investors’ estimates in its first-quarter results. → Read More
HBO Max Gains Traction in a Crowded Field
AT&T, HBO’s parent company, reported that HBO and the new streamer added 2.7 million subscribers in the first quarter. → Read More
Former Condé Nast Editor Plans a Vanity Fair for the Substack Era
A new publication from a Vanity Fair veteran aims to attract writers with a revenue-sharing plan. The project has attracted backing from private equity firms. → Read More
Reuters Names a New Editor in Chief
Alessandra Galloni, its global managing editor, will be the first woman to lead the news agency in its 170-year history. → Read More
The Wall Street Journal’s Internal Audit
A look at what the newsroom’s internal study — The Content Review — concluded about the paper’s faults. → Read More