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Hive Business and Financial News

Elon Musk Versus Twitter: Everyone Loses

The social media company and the billionaire are locked in an escalating legal battle. They’re stuck with each other, and we’re stuck with them.
Media

“Could I Fairly Write About a Man Who Was Such a Monster?”: With Hollywood Ending, Ken Auletta Caps His Decades-Long Pursuit of Harvey Weinstein

He failed to reveal Weinstein’s sexual predation for The New Yorker, though helped Ronan Farrow deliver the goods. Now—with the help of Bob Weinstein—Auletta adds fresh intrigue to the NBC drama while dissecting the disgraced producer’s life, his downfall, and the culture that enabled his abuse.
Media

“Will Humility Have Set In?” Media Moguls Return to Sun Valley Under Darkening Financial Skies

As fleece-clad billionaires—and newcomers like Bari Weiss—flock to Idaho this week, Sun Valley fixtures are buzzing about Netflix’s future, an Elon-led Twitter, and Disney’s power structure. But will plunging stocks and a cooling M&A market drive down the dealmaking? “There’s a cloud hanging over,” says Ken Auletta.
Media

“Our Metric Isn’t Rachel’s Numbers or Bust”: Can Alex Wagner Keep the Maddow Faithful Tuned In?

MSNBC has answered its Maddow succession question, with the former daytime cable host taking on the coveted—and highly competitive—9 p.m. slot four nights a week. “She’s certainly progressive,” says one source, “but she has a different voice, and maybe that brings in a different audience.”
Media

“Rupert’s a Pragmatic Guy”: Dump Trump? DeSantis Fever Is Spreading Across Murdoch’s Media Empire

Former Apprentice Piers Morgan and a slew of other New York Post and Wall Street Journal writers are urging their readers to ditch the Donald ahead of 2024. Says one Murdoch watcher, “Lachlan and Rupert are clearly signaling that they are open to a new generation.”
January 6 Hearings

Of Course Bill Stepien Is Still Making Big Money Spreading Trump’s Big Lie

The former campaign manager’s firm has raked in $1.2 million off of the stolen-election claims, despite Stepien testifying that he had “stepp[ed] away” from Team Trump.
Media

“We Have to Be Ready”: Steady and Calm Joe Kahn Takes Charge of the Turbulent Times

On Day 1 atop the masthead, the new executive editor talks social media controversies, digital transformation, and meeting the hyperpartisan political moment. “The idea that the Times is stuck in some 1980s paradigm of both-sides journalism,” he says, “is pretty factually false.”
January 6 Hearings

Trump’s Truth Social Is Allegedly Banning People for Talking About the January 6 Hearings Because Of Course It Is

The proceedings have somehow made Trump look worse than he already did, and as a reminder, we already knew he incited a violent insurrection.
Levin Report

Ivanka, Don Jr., and Donald Trump Will Have to Answer for the Trump Org.’s Many Alleged Crimes Next Month

Despite the trio’s best efforts to dodge prosecutors’ subpoenas, they’ll be sitting down with the New York attorney general starting July 15. 
Media

The Chris Licht Era at CNN Is Taking Shape

One month in, the network chief is making programming tweaks—toning down partisanship, scaling back “Breaking News” banners—and heading to Capitol Hill, L.A., and London (along with a stop at Cannes). While fears of cutbacks loom, one source says “significant announcements” aren’t expected until the fall.
Media

“Clusterf--k”: Inside The Washington Post’s Social Media Meltdown

A flurry of Twitter flare-ups and Slack spats involving Post journalists, along with a controversial suspension, have upended the newsroom and are presenting a major test for executive editor Sally Buzbee, who urged staff Tuesday to “be constructive and collegial.”
Government Resources

The Texas Attorney General Thinks the Best Use of His Time Is to Do Elon Musk’s Bidding

We’re just spitballing here but maybe that time would be better spent investigating the mass shooting that occurred two weeks ago?
Excerpt

“I’m Doing It My Way”: How Katy Tur Battled Sexism and Family Drama on Her Rise to Media Stardom

Before she became a household name for locking horns with Donald Trump, the NBC News correspondent faced the realities of what it meant to thrive on TV—and where her difficult relationship with her father, reporter Zoey Tur, fit in, as she details in an excerpt from her upcoming memoir, Rough Draft.
Levin Report

Donald Trump Seems Pretty Panicky About That Criminal Investigation in Georgia!

The ex-president spent the weekend lashing out at the prosecutor who is said to have “pretty good evidence of criminal intent.”
Media

“We Cannot Sanitize These Killings”: News Media Considers Breaking Grimly Routine Coverage of Mass Shootings

As journalists descend on Uvalde—as they did on Columbine, Newtown, and Parkland—some are questioning whether a more graphic approach is required to capture the reality of America’s gun violence epidemic. “It’s time,” suggests one industry leader, “to show what a slaughtered 7-year-old looks like.”
Levin Report

Surprise: Trump’s GOP Primary Picks Have Dropped Over $400,000 at Mar-a-Lago

Nice little moneymaking operation the ex-president’s got going there.
Levin Report

Report: Jared Kushner’s $2 Billion Saudi Check Appears Even More Comically Corrupt Than Previously Thought

“The reason this smells so bad is that there is all sorts of evidence he did not receive this on the merits.”
Levin Report

It Sure Sounds Like Elon Musk Decided to Become a Republican After Finding Out a Story About Him Allegedly Exposing Himself to a Flight Attendant Was Going Public

Musk, supposed defender of free speech, paid a woman $250,000 in a severance agreement to stay silent about how he allegedly tried to bribe her for sexual favors.
Congress

192 Republicans Decide They’d Like Formula-Seeking Parents to Keep Suffering

According to conservatives, the formula-shortage crisis isn’t worth urgently addressing.
Media

“Our Mandate Was to Take the Biggest Possible Swings”: With the Wind Out of Its Sails, a Battered BuzzFeed News Forges On

The site’s prized investigations unit is disbanding and dropping its last bombshells—“a triumphal exit,” says the team’s editor—as a scaled-back news division narrows its search for an editor in chief.
Levin Report

Trump’s Truth Social Makes Saddest Announcement of All Time

The ex-president’s social media network has basically made the case for people not to join.