Circle Media just raised $10 million to continue helping parents protect their kids from inappropriate digital content. TechCrunch writes: “The idea behind Circle with Disney is to offer parents a simpler way of managing the devices on their home network, including when family members are allowed to be online, and what content they’re able to access.” Circle Media had previously picked $800,000, and $3 million in convertible notes, according to TC.
Financial news startup Cheddar just raised $19 million from Raine Ventures and other investors. “Founder and Chief Executive Jon Steinberg, a former president of BuzzFeed, has described Cheddar as a network to replace business news broadcasts like CNBC for the digital age,” The Wall Street Journal writes. “It broadcasts eight hours of live talk shows daily.”
For the first quarter, Chinese tech giant Tencent Holdings just reported strong sales and profits. As Bloomberg writes: “Soaring growth at Tencent’s mobile gaming and advertisement units is buying the company time to develop new channels of revenue in finance and cloud, and bankrolling a foray into Hollywood.”
"I am profoundly sad and heartbroken to report that my husband, Roger Ailes, passed away this morning. Roger was a loving husband to me, to his son Zachary, and a loyal friend to many,” his wife Elizabeth Ailes said in a statement, as reported by The Washington Post at 8:46 a.m. Ailes resigned as president and chairman of Fox last year after sexual harassment allegations.
On an active basis, 500 million machines are now running Windows 10, Microsoft announced this week. “The latest statistic comes almost 8 months after the company revealed 400 million devices were running Windows 10,” The Verge writes. “Microsoft had originally claimed it would have 1 billion devices running Windows 10 by 2018.”
For its fiscal second quarter, Disney reported better-than-expected profits, but weak revenue. As Business Insider reports: “ESPN was the focus of these earnings results in the wake of recent layoffs that affected dozens of on-air talent as the sports network continued to lose subscribers.” Over the past six years, ESPN has lost around 12 million subscribers, per estimates cited by BI.
Tech IPOs appear to be making a comeback, which The Wall Street Journal attributes to “a soaring stock market, historically low volatility and a rally in technology stocks.” That said, “The biggest, highest-profile startups are still hanging back, reflecting broader concerns about whether they can match the rich valuations offered by private investors.”
Discovery Communications reported less than amazing first-quarter earnings, on Tuesday. “The company reported first-quarter earnings of $215 million, down 18 percent from the year-ago period,” The Hollywood Reporter writes. Stateside, ad revenue rose 1%, which the company attributed “to higher pricing and continued monetization of our Go platform, partially offset by lower delivery.”
Beating analysts’ estimates, Amazon saw net sales during the first quarter increase by 23% to $35.7 billion. The tech giant credited retail and cloud-computing sales with the strong performance, Reuters reports. “More fees from Amazon’s Prime shopping club and media streaming services, along with growing advertising revenue, also boosted results.”
Just weeks before its scheduled launch, Tribune Media has reportedly decided to ditch a new national news hub, Tribune.com. “In addition to pulling the plug on Tribune.com, Tribune Media also scrapped its plan to relaunch Television Without Pity, a popular TV commentary website,” Politico reports. As such, more than 18 Tribute employees are being cut, according to Politico.