• Angry WeWork tenants hire lawyers in effort to claw back rent

    Angry WeWork tenants hire lawyers in effort to claw back rent

    WeWork’s tenants are lawyering up. Attorneys for cash-strapped clients of the office-subleasing startup are demanding that the company stop billing them for office space they can’t use because of coronavirus lockdowns and that it return the cash it has already collected for April and May. “As long as this pandemic prohibits our clients from using …
  • Fourth Amazon warehouse worker dies from coronavirus

    Fourth Amazon warehouse worker dies from coronavirus

    The coronavirus has reportedly killed a fourth Amazon warehouse worker as the e-commerce titan faces scrutiny over how it’s protecting employees. The staffer at a Chicago-area Amazon facility succumbed to COVID-19 on April 18, according to CNBC. Amazon learned the 50-year-old man had tested positive for the virus on March 24 but he had not …
  • Dish Network suffers worst-ever quarterly subscriber losses

    Dish Network suffers worst-ever quarterly subscriber losses

    Dish Network logged its worst-ever quarterly loss of subscribers amid the coronavirus crisis, shedding 413,000 total pay-TV customers in the first quarter of the year. The satellite TV giant closed the first quarter with 11.3 million pay-TV subscribers, down ‭6 percent over last year. That included a sequential decline of about 132,000 satellite subs to …
  • Reality TV shows help Discovery beat profit estimates amid coronavirus

    Reality TV shows help Discovery beat profit estimates amid coronavirus

    Unscripted shows from TV channels like Food Network, TLC and HGTV helped Discovery beat Wall Street’s profit expectations despite a slight revenue dip fueled by the coronavirus. The broadcasting giant said its portfolio of TV brands lost 6 percent of its total subscribers from the first quarter of 2019. Among its biggest channels, including Discovery, …
  • Quarantined Americans are watching a lot of HGTV, Food Network

    Quarantined Americans are watching a lot of HGTV, Food Network

    Americans stuck at home staring at fading furniture and wondering what to cook for dinner have been a boon for television networks like HGTV and the Food Network. The Food Network’s overall ratings in April were up 25 percent over the same month last year, while HGTV was up 22 percent, the Nielsen company said. …
  • Detroit automakers want to reopen plants in 2 weeks

    Detroit automakers want to reopen plants in 2 weeks

    Major US automakers are planning to reopen North American factories within two weeks, potentially putting thousands of workers back on the assembly line as part of a gradual return to normality. Fiat Chrysler CEO Mike Manley said on an earnings conference call Tuesday his company plans to start reopening factories May 18, though that depends …
  • Dish demands Disney pay for ESPN refund over no live sports

    Dish demands Disney pay for ESPN refund over no live sports

    Charlie Ergen’s satellite TV company is calling foul on Disney for making it pay for ESPN at a time when there is no live sports programming, The Post has learned. Ergen’s Dish Network, the nation’s fourth largest TV provider, is pushing for refunds that it says it will pass along to its roughly 12 million …
  • First Amazon warehouse worker dies of coronavirus

    First Amazon warehouse worker dies of coronavirus

    An Amazon operations manager became the first known employee of the e-commerce giant to die of the coronavirus, according to new reports. Gerard Tuzara, 35, who worked at Amazon’s DLA8 facility in Hawthorne, California, died of the illness late last month, the Sun reported. Amazon first confirmed the death in an email to Business Insider. …
  • SoftBank warns of $12.5B loss as coronavirus pummels WeWork

    SoftBank warns of $12.5B loss as coronavirus pummels WeWork

    SoftBank warned investors that it expects to report a massive loss this year, thanks in part to the coronavirus wreaking havoc on already-struggling investments like WeWork. The Japanese conglomerate said in a statement that its famed $100 billion Vision Fund will see an operating loss of $12.5 billion for the fiscal year, its third consecutive …
  • Ergen’s wireless network plans dim amid coronavirus pandemic

    Ergen’s wireless network plans dim amid coronavirus pandemic

    Charlie Ergen’s plans to build the nation’s fourth wireless network by 2023 are being thrown into doubt due to the coronavirus. Ergen, the billionaire chairman of satellite-TV company Dish Network, needs to raise about $10 billion to build a 5G network that covers 70 percent of the US population by June 2023, fulfilling his part …