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November 16, 2023

Warren Buffett's Berkshire Hathaway Invests in Atlanta Braves; Sheds GM & More

Berkshire Hathaway, the group run by billionaire businessman Warren Buffett, has made a small investment in the company that indirectly owns the Atlanta Braves, the company revealed Tuesday. In turn, Berkshire eliminated its holdings in General Motors, Johnson & Johnson, and Procter & Gamble, while also trimming its stake in Amazon. Altogether, these moves effectively boosted the company’s cash pile to a record $157.2 billion. These notes were made public in a regulatory filing that detailed Berkshire’s US-listed stock holdings, which comprise most of its $318.6 billion equity portfolio, as of Sept. 30.

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Manchester City Tops United, Sets Premier League Revenue Record

Following the club’s historic Treble-winning success this year, Manchester City posted a Premier League record of £712.8 million ($890.2 million) in revenue for the 2022-23 season, surpassing the previous record of £648.4 million ($808 million) reported by rival Manchester United last month. City can attribute this success to a £17.4 million ($21.7 million) increase in match-day revenue, increased broadcasting rights, and several outgoing transfers, notably the sales of Raheem Sterling to Chelsea and Gabriel Jesus and Oleksandr Zinchenko to Arsenal. Manchester City currently sits atop the Premier League table, one point ahead of Liverpool.

Boardroom’s Shlomo Sprung has more on Man City’s record revenue.

Carmelo Anthony, The Kid Mero Team Up for New Podcast

Former New York Knicks star Carmelo Anthony and media personality The Kid Mero announced their new digital series and podcast — 7PM in Brooklynon Wednesday, scheduled to premiere on Dec. 7. “As co-host and executive producer, I’m looking forward to bringing a unique blend of storytelling to fans, merging our passion for sports and culture with our commitment to creating intentional, purpose-driven content,” said Anthony, via The Hollywood Reporter. Listeners can expect to hear the duo’s takes on basketball, Anthony’s 19-year tenure in the NBA, and current happenings in sports and culture.

Jimmy Kimmel Tapped to Host 2024 Oscars ... Again

One of TV’s top late-night funnymen is heading back to the Main Stage for Hollywood’s biggest night. The Academy of Motion Pictures announced that Jimmy Kimmel will host the Oscars for the fourth time. Kimmel previously had the honors in 2017, 2018, and 2023. The 96th Oscar Awards will take place on March 10 on ABC.

TikTok Streamlines Music Discovery with New Feature

TikTok’s impact on the music industry is undeniable. The social media app has fueled countless songs — like Tyla’s “Water” and Beyoncé’s “Cuff It” — to make major moves up the charts. Now, TikTok has developed a new feature allowing its users to streamline their music discovery. “Add to Music App” will queue songs into streaming apps, including Spotify and Apple Music. The feature will gradually roll out over the next few weeks, with test markets emerging in the US and UK.

Shaun White & Whitespace Collab with Shopify on Limited-edition Hat

Snowboarding legend Shaun White and his lifestyle brand Whitespace dropped a limited-edition beanie in collaboration with Shopify on Thursday. “Just like me, Shopify has its roots in snowboarding; their founder created an online snowboard shop, Snow Devil, before turning the technology he built for it into what Shopify is today,” said White in a statement. “It’s incredible to work with a company that understands the snowboarding culture and has now grown into a global platform for entrepreneurs, helping all types of businesses grow and scale.” White and his company, who have drawn inspiration from the late great Virgil Abloh and Off-White, aimed for style and functionality with the newly launched hat, which launches the next chapter of the activewear brand.

White sat down with Boardroom last year to talk about Whitespace, Virgil’s impact, and more.