Author: Press Room

Disney said Wednesday it is planning to reorganize into three segments, while also cutting thousands of jobs and slashing costs.The media and entertainment giant said it would now be made up of three divisions:Disney Entertainment, which includes most of its streaming and media operationsAn ESPN division that includes the TV network and the ESPN+ streaming serviceA Parks, Experiences and Products unit The move marks the most significant action Bob Iger has taken since returning to the company as CEO in November. Disney announced the changes minutes after it posted its most recent quarterly earnings. The announcements also come as Disney engages…

Brandon Marshall likely won’t let Patrick Mahomes live this one down. When taking part in a media session on Wednesday ahead of Super Bowl 2023 between the Chiefs and Eagles, Kansas City’s superstar quarterback took a question from Marshall, a former NFL receiver, who offered up a Rihanna-centric question before the singer’s highly anticipated halftime show on Sunday. “Rihanna came out and said that you are the greatest quarterback ever, hearing that, how does that make you feel?” Marshall asked. Chiefs quarterback Patrick Mahomes takes part in a media session ahead of Super Bowl 2023 on Feb. 8, 2023.Getty Images…

CNN  —  The suspect in the shooting death of off-duty New York Police Department officer Adeed Fayaz has been charged with murder, the Brooklyn District Attorney’s Office announced Wednesday. Randy Jones, 38, was arraigned Wednesday and did not enter a plea. He was remanded to police custody, according to the DA’s office. Jones faces two counts of second-degree murder – one with a stipulation for being committed during a robbery, one count of first-degree murder, two counts of attempted robbery and two counts of criminal possession of a weapon, the criminal complaint said. The Legal Aid Society, a nonprofit that…

EXCLUSIVE: Republicans heavily criticized the Biden administration in response to its plan to increase scrutiny on service industry workers’ tips.Earlier this week, the Internal Revenue Service (IRS) proposed a revenue procedure to “improve tip reporting compliance,” reduce administrative burdens and provide more transparency and certainty to taxpayers. As part of the program, which wouldn’t go into effect until after a multi-month public comment period, the IRS could withdraw liability protection related to “rules that define tips as part of an employee’s pay” from employers that don’t cooperate.On Tuesday evening, an IRS official told Fox News Digital that the proposal wasn’t…

CNN  —  Congress is set to receive new evidence Thursday of internal chaos at Southwest Airlines over the Christmas holiday meltdown. The pilots’ union is prepared to characterize the operation as held together by “duct tape,” while Southwest’s chief operating officer is expected to apologize and say the airline “is intensely focused on reducing the risk of repeating the operational disruption.” Among the union’s evidence is a message sent during the meltdown to a cockpit computer from the airline’s dispatchers asking what crew is onboard the plane. “Sched is asking to confirm who is operating this flight,” the message read.…

A spokesperson for Jerry “The King” Lawler gave a positive update on the WWE legend after he suffered a stroke earlier this week.Lawler has improved since his “massive” stroke on Monday, according to his Twitter account, and is “recovering” in the hospital. The tweet included a photo Lawler smiling in his hospital bed and hanging out with “The Mouth of the South” Jimmy Hart.”Update on Jerry: After suffering a massive Stroke Monday. He is now recovering in a Fort Myers, FL hospital. His speech is limited, but with rehabilitation will regain a full recovery. He thanks everyone for the continued…

Affirm announced it’s cutting 19% of its workforce Wednesday. The news came as it reported second quarter earnings that fell below analyst estimates on both the top and bottom lines.Shares were down more than 17% after hours.In his letter to shareholders Wednesday, Founder and CEO Max Levchin called the decision “the single most difficult one” of all the cuts the company chose to make, and said the layoffs would be effective that day.Affirm said in June 2022 it had 2,552 employees, which means the layoffs impact about 485 people.Affirm Holdings Inc. website home screen on a laptop computer in an…

Even though Manhattan is an island, it’s not commonly considered a toes-in-the-sand destination. But New York City has plans to establish two new city beaches — with one slated to open to the public at the end of this coming summer.The Manhattan-based beach will be built on Hudson River Park’s Gansevoort Peninsula at the city’s west end, a park spokesperson told Fox News Digital.NEW YORK POLAR PLUNGE GROUP DIVES INTO ‘LIFE-CHANGING’ COLD WATER THERAPY: ‘NEVER FELT BETTER’The park’s website says the beach, located just north of W 12 St. near the Meatpacking District, will be built on solid ground and developed…

A driver whose car hit and killed a Rwandan investigative journalist has pled guilty and has been fined by a court.Moise Emmanuel Bagirishya was fined $920 for involuntary manslaughter, three weeks after the crash which killed John William Ntwali.Ntwali was riding as a passenger on a motorbike when the accident happened on Jan. 18.He was investigating and exposing human rights violations in Rwanda and activists had called for investigations into his death.The motorist who pleaded guilty will also pay $500 for injuries to the motorcyclist who was carrying Ntwali.RWANDAN GENOCIDE SURVIVOR RECOUNTS ‘MOST HORRIFYING GENOCIDE OF OUR AGE’: ‘HOW AM…

Disney said it would cut 7,000 jobs from its global workforce, part of a multibillion-dollar cost-cutting initiative aimed at streamlining the company’s operations in a period of media industry turmoil. Disney had about 220,000 workers as of October 1, of which approximately 166,000 were employed in the United States. A cut of 7,000 jobs represents about 3% of its global workforce. “While this is necessary to address the challenges we’re facing today, I do not make this decision lightly,” said CEO Bob Iger, who returned to lead the company in November when the board fired Bob Chapek as the company’s…