Drew Richardson

Feb 11, 2024 | cnbc.com | Drew Richardson

U.S. President Joe Biden gestures as he delivers remarks at the White House in Washington, U.S., February 8, 2024. President Joe Biden's campaign national co-chair Mitch Landrieu on Sunday fired back at concerns raised by Special Counsel Robert Hur surrounding Biden's alleged mental deterioration. "But that's not what the most egregious thing is about this report," Landrieu continued. "It is this ad hominem attack that questioned the president's capacity ... I've known [Biden] for 30 years.

Jan 5, 2024 | cnbc.com | Drew Richardson

Airline passengers between flights patronize the iHeartRadio facility at Denver International Airport in Denver on Jan. 19, 2014. Robert Alexander | Archive Photos | Getty ImagesIt's a familiar refrain: "Legacy media is dead" — unless you're talking about radio. Despite being one of the oldest media formats, dating back to the 1890s, radio has maintained relatively stable listenership over the past decade. Pay TV, while newer, has faced more significant declines.

Dec 28, 2023 | cnbc.com | Drew Richardson |Alex Sherman

The Cheddar News logo is seen on a smartphone and PC screen. Sopa Images | Lightrocket | Getty ImagesCheddar News owner Altice USA announced Thursday it has sold the financial news streaming service to the media company Archetype, which is owned by private equity firm Regent LP. CNBC previously reported rumblings of a possible deal to sell Cheddar to Regent. Archetype oversees media brands including Sunset Magazine and Military Times.

Dec 26, 2023 | cnbc.com | Drew Richardson

The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022. Presley Ann | Getty Images Entertainment | Getty ImagesThis year proved to be yet another tough one for pay TV, as more people cut the cable cord. But it wasn't exactly kind to streaming services, either, as platforms dealt with subscriber declines, slumping ad revenue and stubborn losses while Netflix continued to assert its dominance.

Dec 22, 2023 | cnbc.com | Drew Richardson

A shopper leaves a Nike store along the Magnificent Mile shopping district in Chicago with a purchase on Dec. 21, 2022. Scott Olson | Getty ImagesNike shares plunged Friday after the athletic apparel maker cut its revenue outlook for the fiscal year, with sneaker retailer Foot Locker also feeling the blow. The stock was down more than 11% in premarket trading Friday. Foot Locker, which in its stores, was down over 7%.