As television executives prepare lavish stage presentations in New York this week to dazzle advertisers during the annual TV upfront sales season, a harsh economic reality looms offstage -- digital video advertising now eclipses spending on traditional television ads. The shift in spending and competition from tech players like Amazon has taken a toll on media companies' financial results, raising the stakes for the annual showcase of TV content to attract spending commitments from advertisers.
Uber Technologies and Lyft are set to face trial on Monday in a U.S. lawsuit by Massachusetts' attorney general alleging the ride-share companies misclassified their drivers as independent contractors rather than more costly employees. The non-jury trial in Boston comes amid broader legal and political battles in the Democratic-led state and elsewhere nationally over the status of drivers for app-based companies whose rise has fueled the U.S. gig worker economy. Massachusetts Attorney General Andrea Joy Campbell is asking a judge to conclude that drivers for Uber and Lyft are employees under state law and therefore entitled to benefits such as a minimum wage, overtime and earned sick time.
With just two bad jokes at the Royal Albert Hall in 1991, Gerald Ratner destroyed his company’s reputation. Last week Apple had a go, but on a much bigger budget.
Thru | Total | Purse | ||
---|---|---|---|---|
F | -17 | $3,600,000 | ||
F | -12 | $2,160,000 | ||
F | -9 | $1,360,000 | ||
F | -6 | $880,000 | ||
F | -6 | $880,000 | ||
F | -5 | $695,000 | ||
F | -5 | $695,000 | ||
F | -4 | $601,000 | ||
F | -4 | $601,000 | ||
F | -3 | $501,000 |