Alex Sherman

Greek media company the Antenna Group has begun talks to acquire Time Inc. from Marc Benioff. No deal is assured and the discussions are still early.

Benioff acquired Time in 2018 for $190 million . Early talks with Antenna have centered around a price of $150 million, one of the people said.

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Disney projects entertainment direct-to-consumer operating income will increase by about $875 million next year over fiscal year 2024.

The NBA and Warner Bros. Discovery have agreed to end all legal disputes, allowing the league to move forward with new media partners Comcast, Disney and Amazon.

The split would cleave off some of NBCUniversal's best-known brands, which face the same cord-cutting challenges as many other major cable channels.

Comcast may be proceeding with a transaction as a signal to the rest of the media industry that consolidation is necessary.

If Comcast spins off cable networks because Wall Street doesn't like them, why would investors want to own the spinoff?

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