Cheddar afternoon business report for March 13, 2018

Posted: Updated:
NEW YORK -

There is a new CEO at Vice Media. Nancy Dubuc stepped down from her role as head of A&E Networks after 20 years and will take the place of Vice co-founder Shane Smith. A number of high-level executives at Vice have stepped down amid sexual harassment allegations.

Apple Music just hit 38 million subscribers, up from 36 million last month. The news comes as Apple, Amazon and Alphabet chase Spotify for the top spot in the streaming race. Spotify hit 71 million premium subscribers at the end of 2017.

There's a new menu item coming to the Ikea cafeteria. The furniture giant announced it is developing a mealworm version of its famous meatballs and bug burger made from beetle larva. Ikea announced the news in a post detailing five creations that could hit stores in the "not too distant future."

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