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January 25, 2024

Doc Rivers Reportedly Replacing Adrian Griffin as Bucks Head Coach

Just one day after parting ways with Adrian Griffin, the Milwaukee Bucks and Doc Rivers have agreed to a deal to make Rivers their new head coach, reports ESPN’s Adrian Wojnarowski. Rivers takes over a 30-13 Bucks team sitting 3.5 games behind the Boston Celtics in second place in the Eastern Conference. Rivers has previously coached the Orlando Magic, Celtics, Los Angeles Clippers, and Philadelphia 76ers, winning a title with Boston in 2008. Rivers has not experienced a losing record since 2007, making his streak the fourth-best in NBA history behind Gregg Popovich, Phil Jackson, and Pat Riley.

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TikTok is Latest Tech Company Hit by Layoffs, Cuts Roughly 60 Jobs

TikTok is one of the latest tech companies to be hit by layoffs sweeping across the industry over the last year. NPR writes that the short-form social media platform is eliminating roles in its advertising and sales unit, equating to about 60 jobs. TikTok did not provide a reason for the layoffs; however, the cutbacks include employees based in Los Angeles, New York, Austin, and abroad. In total, the tech industry has eliminated more than 10,000 jobs in 2024 so far.

Jon Stewart Returning As Host of 'The Daily Show'

Jon Stewart is heading back to The Daily Show. The comedian, who hosted the Comedy Central variety show for 16 years, will return to host the program each week on Mondays, starting Feb. 12. Showtime and MTV Entertainment Studios confirmed the news on Wednesday. “In our age of staggering hypocrisy and performative politics, Jon is the perfect person to puncture the empty rhetoric and provide much-needed clarity with his brilliant wit,” said Chris McCarthy, president and CEO of Showtime/MTV Entertainment Studios. The Daily Show has been without a permanent host since Trevor Noah stepped down in late 2022. Stewart will also be a producer on all episodes of The Daily Show, while other episodes will be hosted by a rotating lineup of the show’s news team.

First-ever SLAM Film Festival is Set for NBA All-Star Weekend

RTG Features, sister studio to global basketball media brand SLAM, announced a partnership with Heartland Film to launch the first annual SLAM Film Festival on Wednesday. The festival, scheduled for Feb. 16-18 during NBA All-Star Weekend in Indianapolis, will feature a mix of world premiere titles, recent festival circuit favorites, and classic films. This will be the first-ever film festival exclusively focused on basketball, launched in celebration of SLAM’s 30th anniversary this year. Programming will also feature panel conversations with filmmakers, player-owned production companies, and network executives in the sports film and documentary space. ESPN Films is getting in on the fun as well as the festival’s supporting sponsor, hosting a panel that will reminisce on all of the basketball documentaries they’ve produced.

Visa Enters First Global Sports Sponsorship in 15 Years with F1's Red Bull Racing Deal

Visa will enter Formula 1 this year with Red Bull Racing in its first new global sports sponsorship agreement in 15 years, the corporation said Wednesday. Per the release, “Visa will become the first global partner of both Red Bull F1 teams, bringing a new look club to the F1 grid in the form of Visa Cash App RB, formerly Scuderia AlphaTauri.” From its 2006 debut season until 2020, the team was recognized as Scuderia Toro Rosso — the Italian translation of Red Bull. Visa’s deal with Red Bull is for three years, and its logo will appear on both the Oracle Red Bull Racing and Visa Cash App RB cars, as well as the F1 Academy entries from the respective teams.

Tesla Comes up Short with Q4 Revenue Numbers, Signals Future Struggle with Demand

Times are tough for Tesla. The EV maker revealed its Q4 earnings after the closing bell on Wednesday. Revenues came up short of analyst estimates, as the company posted a boost of 3% in total revenue, netting a 1% difference year-over-year. Total revenue clocked in at $25.17B for the quarter. Additionally, Tesla told investors that its 2024 projections indicated that numbers will continue to fall, due in large part to the fact that it is supposed to come out with updated vehicle models, causing consumers to hold on their purchases. Reps also cited the slow rollout of the Cybertruck as another struggle with which they were grappling.

Boardroom’s Michelai Graham has all the details on Tesla’s latest report.