Shares in the communications sector declined on Thursday.
Disney is planning a restructuring of its television operation that's expected to result in hundreds of layoffs and the consolidation of divisions, the Wall Street Journal reports citing people familiar with the matter.
Paramount Chief Executive David Ellison has asked CNN CEO Mark Thompson to stay at the helm of the cable news network after the acquisition of Warner Bros. Discovery closes, the Wall Street Journal reports citing people familiar with the matter. Thompson and Ellison have had conversations about the CNN chief staying in recent weeks, some of the people said. Thompson's current deal extends into early next year, one of the people said.
Accenture reported higher quarterly revenue and gave a strong outlook for the year ahead, soothing investor concerns over artificial intelligence-related disruption to its business. The professional-services firm on Thursday said fourth-quarter revenue rose about 6% to $18.68 billion, topping Wall Street's estimate of $18.03 billion, according to FactSet. The demand was fueled by clients' large-scale reinventions, including many driven by AI, Chief Executive Julie Sweet said during a call with analysts.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
(END) Dow Jones Newswires
10-01-26 1714ET
