How Reed Hastings is going to help Netflix win the streaming wars of 2019

Los Angeles (CNN Business)Reed Hastings, Netflix’s CEO, says the biggest challenge for the company in taking on new competitors such as Disney, Apple and WarnerMedia is to “not get too distracted” by the slew of new streaming services. Hastings noted that it will be difficult to stand up against the deep pockets and deep content archives of massive media companies such as Disney, but that “you do your best job when you have great competitors.” “They’re going to do some great shows. I’m going to be envious,” he said. “We will make this a better industry if we have great competitors.” The Netflix chief added that even though there are more streaming options, he doesn’t see a day when there …

Fox’s Shepard Smith: Journalists ‘must never knowingly deceive’

New York (CNN Business)A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Smith recalled advice from one of his Old Miss journalism professors about telling the truth, no matter what. “I personally believe this is the duty not only of journalists but of every person who has the honor of a platform of influence,” he said. “We must never manipulate or invent. We must never knowingly deceive. Because to do so is a disservice to our audience and potentially injurious to our society.” Smith said he is convinced that “history will poorly reflect” upon those who intentionally misinform. By this point in his speech, I started to think that …

Don’t let its success fool you: Fox News is a mess | Richard Wolffe

Comments by Tucker Carlson and Jeanine Pirro mark just the latest crisis engulfing the most-watched cable channel Fox News Channel should not be struggling right now. It has just completed its 17th year as the most-watched cable news channel, and its third year as the most-watched channel in all of cable TV. It prints money for its owners, the Murdoch family, as part of a cable division that earns more than $1.5bn every quarter. And as the Chinese and North Koreans like to say, its as close to the White House as lips and teeth. Theres also no doubt that it is lurching from one self-inflicted crisis to another, as its anchors and management melt down in full public view. …

Elizabeth Warren is right we must break up Facebook, Google and Amazon | Robert Reich

The titans of the new Gilded Age must be busted and the idea has bipartisan support. Its time big tech was brought to heel The presidential hopeful Elizabeth Warren second Gilded Age, ushered in by semiconductors, software and the internet, which has spawned a handful of hi-tech behemoths and a new set of barons like Mark Zuckerberg of Facebook, Jeff Bezos of Amazon, and Sergey Brin and Larry Page of Google. The answer is the same as it was before: bust up the monopolies. The current effort is bipartisan. At a Senate hearing I attended last week, the arch-conservative Missouri Republican Josh Hawley asked me, rhetorically: Is there really any wonder that there is increased pressure for antitrust enforcement activity, …

Welcome to the Stephen Colbert primary

(CNN)Iowa. New Hampshire. Donor enclaves on the coasts. And… the Ed Sullivan Theater? Colbert’s studio is a logical place for Democrats to tease presidential campaign plans. He has a liberal fan base dating back to his days on Comedy Central, and that audience crystallized after Colbert took aim at then-candidate Donald Trump in 2016. The anti-Trump bent of Colbert’s “Late Show” helped the late-night host win more and more viewers. For the past two years, he has been the highest-rated host in late night. Lately he has also been challenging Jimmy Fallon in the key 18- to 49-year-old demographic, which is especially coveted by advertisers. Colbert’s interviews with politicians have not been a drag on the show’s ratings. If anything, …