![]() ![]() Meta's First Quarter Profit Soars 35%, Posts Second-Best Revenue EverBy Sean Burch Meta did not show any signs of an economic slowdown when it reported its first quarter earnings on Wednesday, with the parent company of Instagram and Facebook seeing its quarterly profit soar 35% compared to the same time a year ago. The company, led by CEO Mark Zuckerberg, also reported $42.31 in first quarter revenue, which was the second-best quarter in Meta’s history. “We’ve had a strong start to an important year, our community continues to grow and our business is performing very well,” CEO Mark Zuckerberg said in a statement. “We’re making good progress on AI glasses and Meta AI, which now has almost 1 billion monthly actives.” ![]() NBCUniversal Starts New Round of Layoffs Ahead of SpinCo SeparationBy Jose Alejandro Bastidas NBCUniversal kicked off a new round of layoffs ahead of its separation of cable assets into a new company, known as SpinCo. Deadline reported that dozens of workers across the Comcast-owned company’s TV and streaming divisions will be impacted, in cuts that are being described as “surgical” rather than the more “sweeping” layoffs that happened previously. ![]() ABC’s Terry Moran and the Trump Interview: 5 Do's and Don'ts for Battling Lies and DeflectionsBy Brian Lowry President Trump’s media blitz for the 100-day mark in his second term punctuates what has been true for some time: Interviewing Trump remains among the toughest gigs in media, one that has flummoxed TV journalists for years. Chalk that up to Trump’s discursive speaking style, which often involves wild digressions and odd detours, as well as his fondness for fabrication, creating the near-impossible choice of whether to try fact-checking every lie in the moment, at the risk of doing little else during the allotted time. ![]() Discover why entertainment executives and professionals rely on the WrapPRO platform daily for exclusive coverage, analysis, deeper reporting, and access to VIP events & screenings throughout the year. |