Drew Richardson

Jon Rahm, the defending Masters champion, is gearing up to leave the PGA Tour for Saudi-backed LIV Golf, The Wall Street Journal reported.

Paramount Global shares surged Friday following reports from Deadline and Puck News that Skydance and Redbird Capital were exploring potentially taking over the media giant.

Hasbro, the toy brand behind My Little Pony and Transformers, had already laid off hundreds of employees earlier this year.

It's part of a $2 billion entertainment complex effort led by the state of Virginia and Monumental Sports & Entertainment, which owns both pro teams.

Shares of North Face and Vans owner VF Corp tumbled Monday after the company said it suffered a cybersecurity breach.

James Gorman is gearing up to join Disney's succession planning committee to help pick CEO Bob Iger's successor.

Shares of both Nike and Foot Locker plunged Friday. Nike slashed its revenue outlook and announced $2 billion in cost cuts.

Media companies could end up embracing more bundles as they seek to reverse streaming losses.

Terms of the deal were not officially disclosed, but a person familiar with the matter told CNBC it is structured as a so-called "earn out" structure.

Terms of the deal were not officially disclosed, but a person familiar with the matter told CNBC it is structured as a so-called “earn out” deal. Altice USA will collect proceeds in the future if Cheddar meets certain performance targets. Those payments could amount to about $50 million based on internal projections, CNBC previously reported.