How Warner Bros. Discovery’s MotorTrend beat the odds and went from magazine publisher to a 9-figure video and digital business
WBD’s MotorTrend is a rare media company that’s transformed from print to long-form video. Digital and video content has become a nine-figure business with shows aimed at a broad audience. A Spanish-language FAST channel is up next and MotorTrend is making a push into co-productions. Kevin Hart’s unscripted series “Kevin Hart’s Muscle Car Crew,” which…
Meet Russell Horwitz, the ex-Goldman partner who is stepping in as David Solomon’s chief of staff at a vulnerable time for the CEO
Russell Horwitz has been named David Solomon’s new chief of staff at a difficult time for the CEO. Horwitz will replace Goldman legend John F. W. Rogers, who will continue to advise the board. Here’s everything we know about Horwitz and why he returned to Goldman Sachs. The steady drumbeat of executive departures at Goldman…
Salesforce is trotting out Matthew McConaughey amid cost cuts and employees aren’t happy, leaked messages show
Salesforce reportedly paid Matthew McConaughey $10 million a year during layoffs. The actor has started to appear publicly on behalf of Salesforce. Some employees aren’t happy.” I was denied a promotion this cycle because of ‘lack of budget’ but we can throw $10mil a year at this guy,” one wrote. Salesforce appears to be trying to get…
An Instagram travel creator who’s earned 5 figures this year shares her rates for sponsored content and how much she’s been offered on Threads
Jessica Ufuoma fell in love with travel in her mid-20s after moving from Nigeria to Canada. She became a full-time content creator when her income from brand deals overtook her corporate salary. Ufuoma shares her sponsored-content rates for Instagram and what she’s been offered on Threads. Jessica Ufuoma still can’t believe brands pay her to…
Bank of America breaks down the 4 cities facing the biggest housing shortages right now — and the 3 where there’s still plenty of room
A recent report by the Bank of America Institute compared population with housing supply. The results were the 4 cities with the most housing available now, and the 3 cities with the least. San Antonio, Dallas, Orlando, and Houston have high population growth and low housing supply. Homes are difficult to come by these days,…
Deepset, an AI startup that helps companies build apps with LLMs, just raised $30 million with this 12-slide pitch deck
Deepset, a German AI startup that offers LLM developer tools, has raised $30 million. London-based investor Balderton Capital led the round into the five-year-old company. The company wants to expand its Haystack product and grow its presence in the US. Deepset, a German AI startup, has raised $30 million in a round led by Balderton…
PE firm Novacap has acquired the TV adtech platform Cadent, which now plans to go on an acquisition spree
PE firm Novacap has acquired TV adtech company Cadent. The deal is valued at around $600 million, according to a source. Cadent now plans an acquisition spree to bolster the platform’s growth. Novacap, a Canadian private equity firm, announced the acquisition of Cadent, a US TV adtech platform, on Wednesday. The transaction’s terms were not…
A top-3% fund manager over the past 5 years explains how to ride momentum in markets and find under-the-radar winners overseas
Instead of attempting to outsmart the market, Ivo Kovachev rides stocks’ momentum. Little-known companies in emerging markets are his favorite investments. Here’s how Kovachev selects stocks and where he sees the best opportunities now. Ivo Kovachev, a market veteran, rises above his peers by following the pack. While many fund managers seek to buy undervalued…
Chaos in the Hamptons: Tracy Anderson devotees gripe about $5,500 mats, $90 classes, and power struggles among ‘queen bees’
Tracy Anderson devotees are frustrated over rising prices and power struggles in the Hamptons. It costs $5,500 to book a preferred mat for the summer — on top of the $900 monthly membership. Drama recently arose when a client got the schedule changed — and others started a petition to reverse it. Clients of Tracy…
