$5.6 billion
The amount that J. M. Smucker Co. is paying to acquire Hostess Brands in a deal announced Monday.
$9.3 billion
Instacart’s target valuation as it prepares to go public next week, according to an updated IPO filing by the company. According to CNN Business’ Jordan Valinsky, the valuation comes in “tens of billions of dollars below what the company was once worth just a year ago.”
10%
Amazon’s year-over-year rise in trust scores as a media platform among consumers, according to the Kantar Media Reactions 2023 report.
82.7 million
The total TV device footprint of measurement company iSpot following its acquisition of media analytics company 605, as reported by The Hollywood Reporter.
2037
The year by which women executives at the 3,000 largest publicly traded companies are expected to reach parity with their male counterparts, according to a S&P Global Market Intelligence report that defines parity as “as an equal number of women and men filling the available positions.”
20,000
The number of Tesla Universal Wall Connectors — an EV charging port for Tesla and non-Tesla electric vehicles — that Hilton will install at 2,000 of its hotels in the U.S., Canada and Mexico beginning in 2024, according to a company statement.
3%
The overall year-over-year decline in early back-to-school spending in states where class was already in session,according to credit card data from Earnest Analytics for the four weeks ending August 16. Among the categories that grew were fast fashion, off-price department stores and active/athleisure.
3
The number of countries (specifically, the U.K., Germany and France) in which Meta has announced it will phase out the Facebook News feature, per a company press release.
5%
The percentage by which U.S. ad industry revenues are projected to increase in 2023, totaling $360 billion, according to a Madison and Wall report. Digital — defined as “Search, Social Media, Commerce Media/Retail Media and Other Digital Platforms” — is expected to account for 64% of the total.
14.7 million
The number of Charter Communications customers set to see Disney channels — including ABC, ESPN and FX — return to their TV packages, CNBC reports. On Monday, the companies announced an agreement that put an end to a Disney media blackout.
5.9%
The UPS shipping rate increase set to go into effect on Dec. 26. The hike — lower than last year’s 6.9% — will apply to Ground, Air and International services.
