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10:00 PM ET, February 7, 2025

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 Top News: 
RELATED:
James Hercher / AdExchanger:
Senators Blackburn and Blumenthal write to Amazon, Google, and others demanding fixes after a report said the companies facilitated ads on pages with CSAM  —  On Friday, Sens. Marsha Blackburn (R-Tenn) and Richard Blumenthal (D-Conn) sent co-written letters to Amazon, Google, Integral Ad Science …
Martyn Ziegler / The Times:
Sources: Netflix is expected to bid for the US broadcast rights to Formula 1 starting from the 2026 season; ESPN currently holds the rights under a $90M deal  —  Streaming platform looking to capitalise on success of Drive to Survive series in America with their first attempt to secure season-long mainstream sports rights
Jason Schreier / Bloomberg:
WBD took $300M in gaming writedowns in 2024; current and former staff blame a lack of a strong, cohesive vision during former games chief David Haddad's tenure  —  Last year, Warner Bros. Discovery took $300 million in losses on gaming.  The near future is rife with additional challenges.
Winston Cho / The Hollywood Reporter:
Filing: five New York pension funds have sued Paramount Global, seeking a preliminary block on Paramount's Skydance merger and alleging breach of fiduciary duty  —  A Delaware court ruled that Paramount must produce records that could lay the groundwork for more lawsuits from investors challenging …
Discussion: The Desk and Bloomberg
Ben Beaumont-Thomas / The Guardian:
Netflix will not release a nine-hour documentary about Prince after the company and the artist's estate came to a “mutual agreement”  —  Nine-hour film will not be seen, after ‘mutual agreement’ between estate and Netflix, with estate announcing plans for its own film
Anthony D'Alessandro / Deadline:
Sources: Amazon MGM Studios plans to launch an international theatrical distribution arm; its foreign output deal with Warner Bros. stops at the end of 2025  —  The studio's current foreign theatrical output deal with Warner Bros. ends at the end of this year.
Discussion: The Wrap
Katie Campione / Deadline:
Samba TV: in H2 2024, 43% of total SVOD subscribers had an ad-supported plan; 56% of new subscribers chose an ad tier, including 78% of new Peacock subscribers  —  In the second half of 2024, 43% of total SVOD subscribers had an ad-supported plan.  The share is increasing …
Discussion: @deadline, TVNewsCheck and TV Tech
Politico:
Politico's EIC and CEO say the company has never received any government funding, and agencies that subscribe to Politico Pro do so through standard processes  —  POLITICO has been the subject of debate on X this week.  Some of it has been misinformed, and some of it has been flat-out false.
RELATED:
Axios:
Email: the White House orders the GSA to terminate “every single media contract” expensed by the agency and all contracts for Politico, BBC, E&E, and Bloomberg
 
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 More News: 
Jessica Testa / New York Times:
A look at Emily Sundberg's business and culture newsletter, Feed Me, with ~60K subscribers including Matt Levine, Joe Weisenthal, and VC Kirsten Green
Hearst:
Hearst is rolling out AURA, its first-party ad targeting tool, to the UK, Italy, the Netherlands, and Spain, after a US launch eight months ago
Lara O'Reilly / Business Insider:
X partners with adtech company Magnite to boost programmatic ad sales; Magnite joins Google and PubMatic as official third-party sellers of X's ad inventory
Matthew Kassel / Jewish Insider:
Sources: CNN's contract to expand in Qatar includes Qatar compensating CNN several million dollars a year; CNN: editorial content is “entirely independent”
 Earlier Picks: 
Christopher Palmeri / Bloomberg:
A California state court issues a temporary restraining order stopping Sony from taking Jeopardy! and Wheel of Fortune distribution rights away from CBS
Todd Spangler / Variety:
Amazon reports Q4 ad revenue up 18% YoY to $17.29B, vs. $17.4B est., and subscription services revenue up 10% YoY to $11.51B
 

 
From Techmeme:

Kif Leswing / CNBC:
Apple says general counsel Kate Adams and policy chief Lisa Jackson will retire, and Jennifer Newstead, Meta's former chief legal officer, will replace Adams

A.J. Vicens / Reuters:
US and Canadian authorities warn that Chinese hackers are using the Brickstorm malware to install backdoor access within unnamed government and IT entities

Casey Newton / Platformer:
A look back at five years of Meta's Oversight Board, whose rulings on the relatively small number of cases it hears have generally had limited impact
 
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