Apollo and Sony have sent a letter to the Paramount board expressing formal interest in doing a $26 billion takeover of the company. A Skydance consortium could hear from a Paramount special committee on a recommendation of next steps as soon as Thursday, according to people familiar with the matter. The expression of formal interest comes as David Ellison’s Skydance Media, backed by private equity firms RedBird Capital and KKR, awaits word from Paramount’s special committee on whether the panel will recommend its bid to acquire the company to controlling shareholder Shari...…Apollo and Sony have sent a letter to the Paramount board expressing formal interest in doing a $26 billion takeover of the company. A Skydance consortium could hear from a Paramount special committee on a recommendation of next steps as soon as Thursday, according to people familiar with the matter. The expression of formal interest comes as David Ellison’s Skydance Media, backed by private equity firms RedBird Capital and KKR, awaits word from Paramount’s special committee on whether the panel will recommend its bid to acquire the company to controlling shareholder Shari...WW…

Key PointsQuibi, the short-form entertainment service for mobile devices, that it will shut down, just over six months after its service launched.The company, which was founded by Hollywood producer Jeffrey Katzenberg and led by CEO Meg Whitman, raised $1.75 billion ahead of its launch in April. The app features short-form news and entertainment videos (or "quick bites") running 10 minutes or less in length. It attracted top Hollywood stars for its shows too, such as Chrissy Teigen and Idris Elba. Investors in Quibi included legacy media companies like , 's NBCUniversal, and 's...…Key PointsQuibi, the short-form entertainment service for mobile devices, that it will shut down, just over six months after its service launched.The company, which was founded by Hollywood producer Jeffrey Katzenberg and led by CEO Meg Whitman, raised $1.75 billion ahead of its launch in April. The app features short-form news and entertainment videos (or "quick bites") running 10 minutes or less in length. It attracted top Hollywood stars for its shows too, such as Chrissy Teigen and Idris Elba. Investors in Quibi included legacy media companies like , 's NBCUniversal, and 's...WW…

As record unemployment numbers continue to grow, women are suffering more than men when it comes to layoffs. And with looming concerns about whether schools will reopen in the fall, parents worry they may have to choose between their jobs and their families. That calculus could have a bigger impact on working women, who have of home-schooling and child care.If women continue to in this economic downturn, that could have massive repercussions on the gains women have made in the workforce in recent years, by exacerbating pay and promotion gaps.Women have been hit harder by the economic crisis...…As record unemployment numbers continue to grow, women are suffering more than men when it comes to layoffs. And with looming concerns about whether schools will reopen in the fall, parents worry they may have to choose between their jobs and their families. That calculus could have a bigger impact on working women, who have of home-schooling and child care.If women continue to in this economic downturn, that could have massive repercussions on the gains women have made in the workforce in recent years, by exacerbating pay and promotion gaps.Women have been hit harder by the economic crisis...WW…

Key PointsIn this articleFormer Fox News anchor Shepard Smith to join CNBC for new nightly showCNBC announced on Wednesday that former Fox News anchor Shepard Smith is joining the network to host a one-hour evening news program on weekdays at 7 p.m. ET.The newscast, which will be called "The News with Shepard Smith," is set to launch in the fall. Smith's title will be chief general news anchor and chief breaking general news anchor.Smith joins CNBC after spending 23 years at News Channel, where he anchored "Shepard Smith Reporting," "The Fox Report" and "Studio B." He...…Key PointsIn this articleFormer Fox News anchor Shepard Smith to join CNBC for new nightly showCNBC announced on Wednesday that former Fox News anchor Shepard Smith is joining the network to host a one-hour evening news program on weekdays at 7 p.m. ET.The newscast, which will be called "The News with Shepard Smith," is set to launch in the fall. Smith's title will be chief general news anchor and chief breaking general news anchor.Smith joins CNBC after spending 23 years at News Channel, where he anchored "Shepard Smith Reporting," "The Fox Report" and "Studio B." He...WW…

Key Points is taking yet another move to help small businesses. On Wednesday it announced that Instagram is making it easier for small businesses to feature gift cards, online food orders and fundraisers in their profiles or stories.Starting Wednesday in the U.S. and Canada, Instagram users can tap on a gift card or food order to make a purchase through a company's site. Fundraisers created by a business or its supporter open on Facebook.Instagram users can spread the word by resharing the stickers in Stories, to encourage their friends and followers to also support small businesses. It...…Key Points is taking yet another move to help small businesses. On Wednesday it announced that Instagram is making it easier for small businesses to feature gift cards, online food orders and fundraisers in their profiles or stories.Starting Wednesday in the U.S. and Canada, Instagram users can tap on a gift card or food order to make a purchase through a company's site. Fundraisers created by a business or its supporter open on Facebook.Instagram users can spread the word by resharing the stickers in Stories, to encourage their friends and followers to also support small businesses. It...WW…