Economics & Economy

Broadcast networks unveil a new season of failing up

May 19, 2016
Adrienne Hill

The annual mating dance between advertisers and the big broadcast networks — otherwise known as the Upfront — wraps up Thursday in New York.

For days, CBS, NBC, Fox  and the like have been parading their new shows in front of media buyers, who in turn have been placing their bets on the new season by locking in ad time.

Come fall, viewers will have their pick of new dramas and comedies about time travel, a sensitive dog with a Rodney Dangerfield complex, a series based on "The Exorcist" and dozens of other attempts at a hit.

EgyptAir flight MS804 from Paris to Cairo crashed

May 19, 2016
Marketplace staff

This story's text and headline have been updated.

From our partners at the BBC:

An EgyptAir flight that went missing between Paris and Cairo has crashed, French President Francois Hollande has confirmed.

The Airbus A320 disappeared from radar at 02:30 Cairo time (00:30 GMT), soon after leaving Greek airspace.

Museums: Wherefore contemporary art thou?

May 18, 2016
Sabri Ben-Achour and Tim Fernholz

They said it couldn't be done: New art in old museums. Actuality visits an auction house to see a billion dollars of art sold in just a week and learn how this bubbling private market is changing staid public art museums in surprising ways.

When a $2 million pay cut is a symbolic blow

May 18, 2016
Kai Ryssdal

This final note on the way out, ending, in a way, where we started: Worker pay.

The board of directors at Viacom voted today to stop paying the salary of 92-year-old Sumner Redstone, its founder and chairman emeritus. Until this afternoon, Redstone made $2 million a year.

Symbolism here is everything. Redstone's worth something like $5 billion dollars. 

He just won a legal fight over his mental competency a couple of weeks ago.

Kai Ryssdal

Yesterday the White House announced new rules for salary workers when it comes to overtime pay. The gist of it is, if you make less than about $47,000, you get to clock overtime. In other government news, the United States will now impose even steeper tariffs on steel coming out of China.

Both of these announcements are important, especially if you're in the steel business, so Kai Ryssdal called up Lisa Goldenberg, president of Delaware Steel Co. in Pennsylvania to see how her economy is holding up.