WHY THIS MATTERS:The Writers Guild of America East says it is committed to helping its members report and prevent the kind of sexual "harassment and assault" attributed to producer Harvey Weinstein, abuse it argues is typical of the industry.
WHY THIS MATTERS:Losing about 40% of its cash flow will have a big impact on Viacom, which is trying to rebound from declining ratings and ad revenues under new CEO Bob Bakish.
The U.S. men's soccer team's loss, which meant they wouldn't be playing in the 2018 World Cup, cost 21st Century Fox shareholders about $1.2 billion. After Tuesday night's U.S. defeat at the hands of Trinidad & Tobago, 21st Century Fox stock fell 2.56% in Wednesday trading to close at $25.48. Fox Networks Group is spending between $450 million and $500 million on the U.S. video rights to the 2018 and 2022 World Cup, and the loss means lower ratings and ad revenue.