Read this in your browser

Nov 19, 2024

Providence, as we all know, is a Taleggio-style cheese made of pasteurized goat's milk, produced by Goat Lady Dairy in North Carolina. During its three-month maturation it is brushed and turned by hand every week until it develops a hard exterior, just like Mike Tyson.

Providence is also another word for good luck, which seems hard to come by in the airline industry lately. Or the fast-food industry. But there’s good news for the Christmas industry! Check out today’s cheddlines!

• Ho Ho Ho: Spend Christmas with Beyoncé on Netflix
• Spirit Airlines Is Dead! Long Live Spirit Airlines!
• Boeing to Lay Off 400 Amid Continued Problems
• Jake Paul Defeats Mike Tyson in Netflix “Fight”
• McDonald's Investing $100M to Lure You Back After E.coli Outbreak

May you also “win on points” today.

—Matt Davis, Need2Know Chedditor

P.S. We’ve got an animatronic frog coming to life on our ‘gram!

Read the story

Last Christmas, I gave you my heart. This Christmas, Beyoncé is set to deliver a live performance during the NFL halftime show in Houston, streamed by Netflix. Hosting the event in her hometown at NRG Stadium, Beyoncé will grace the stage, as she graces everything, while the Houston Texans play the Baltimore Ravens. This show marks her first live performance of songs from her latest album, "Cowboy Carter."

Released in February with its debut ad shown during the 2024 Super Bowl, "Cowboy Carter" has already clinched her 11 Grammy Award nominations, setting a record for the most received by a female artist in a single year. The album blends influences from country music, pop, and R&B, and the Christmas Day show is also anticipated to feature several special guests from these genres.

Netflix is expanding its live entertainment portfolio, having just streamed a high-profile “boxing” match, though not without technical "challenges." The streaming giant, which boasts 283 million subscribers, aims to establish a new tradition with its exclusive streaming of two NFL Christmas games, also including a clash between the Kansas City Chiefs and the Pittsburgh Steelers. Read More

Spirit Airlines announced its filing for Chapter 11 bankruptcy protection, aiming to restructure amid a slew of financial challenges exacerbated by the pandemic, increased competition, and failed sale attempts. The largest U.S. budget airline detailed significant financial losses totaling over $2.5 billion since 2020, with looming debt payments amounting to over $1 billion due by 2025–26.

Despite the daunting "challenges," Spirit plans to continue its operations without interruption. The airline reassured customers that their bookings and frequent-flyer points would remain valid and affirmed its commitment to pay its employees and vendors throughout the bankruptcy process.

In other words, it sounds like this could be one of those “we’re bankrupt, but only because we want to be” sorta bankruptcies. Unlike my mate Andy's.

In efforts to stabilize its financial footing, Spirit has secured a $350 million equity investment from existing bondholders, who will convert $795 million of debt into stock. They also agreed to extend a $300 million loan to assist the airline during its restructuring phase. The stock is down 98 percent since its high a decade ago but still, that doesn’t sound totally bankrupt to me… #NotFinancialAdvice Read More