Beloved seafood chain Red Lobster has filed for Chapter 11 bankruptcy protection after news last week that it was closing almost 50 restaurant locations in the United States. Although much has been made about the restaurant’s decision to make its $20 endless shrimp deal a permanent menu item—underestimating demand and leading to an $11 million loss, according to its largest shareholder, Bangkok-based Thai Union Group—that loss-making promotion is only one part of the chain’s...

The financial woes hitting seafood restaurant chain Red Lobster have prompted it to close dozens of locations and file for Chapter 11 bankruptcy protection, with some of the blame being heaped on the chain's endless shrimp bargain. In the wake of the pandemic, Red Lobster looked to boost traffic to its restaurants by offering a $20 all-you-can-eat shrimp deal that the company hoped would serve as a loss leader and bring in more customers who would become regulars. However, the...

Like many digital publishers, The Daily Beast was struggling at the end of 2023. Facebook, long a primary driver of clicks to the publication, had turned away from news. Search traffic had become increasingly erratic, as Google adjusted its algorithm to combat a flood of AI-powered junk. The site’s paid subscription program had atrophied since Donald Trump left office. But it had a new lifeline: Apple. Late last year, the digital news tabloid (where I worked from 2018 to 2021 as a media...

Michael Cohen testified Monday during Donald Trump’s hush money trial that he made millions from books and a podcast that are centered on Cohen’s grievances with the former president. Cohen said he raked in more than $3 million from his books Disloyal and Revenge and $1 million from his podcast Mea Culpa since the fall of 2020, estimating that his earnings totaled $4.4 million.

The various literary inspirations of a musical legend. The post From confessional poetry to literary canon: exploring the extensive reading list of Jeff Buckley first appeared on Far Out Magazine.