Top News:
Wall Street Journal:
WBD adds Anton Levy, former co-president of PE firm General Atlantic, to its board, a source says due to pressure from activist shareholder Sessa Capital — Warner Bros. Discovery is expanding its board following pressure from an activist shareholder, according to people familiar with the matter.
Discussion:
TVNewsCheck, Variety, Advanced Television, Reuters, Deadline, The Wrap, The Hollywood Reporter and Media Play News
Megan Graham / Wall Street Journal:
Yahoo hires Josh Line, who was most recently Paramount Global's chief brand officer, as its CMO to revive its brand as “one of the OGs of the internet” — Internet pioneer names Josh Line, who was previously Paramount Global's chief brand officer, to reinvigorate its once-towering brand
Discussion:
Ad Age, MediaPost, The Desk, The Drum, @michaelmartinez.co, Rob Wilk on LinkedIn, Adweek and Variety
Kendra Barnett / Adweek:
Leaked docs: Omnicom offered clients who didn't spend on X in 2024 an added value of 50%, up to $200K, for buying X ads during Q1 2025, among other incentives — Omnicom has sweetened the pot to get its clients to buy ads on X, according to two internal documents obtained by ADWEEK.
Yuki Furukawa / Bloomberg:
An independent investigation finds that Japanese broadcaster Fuji TV fostered a culture of sexual harassment; its chair and TV head resigned in January 2025 — An external committee said on Monday it found evidence that former J-pop idol Masahiro Nakai, who used to be one of Japan's …
Discussion:
The Japan Times, Associated Press, Nikkei Asia, The Japan Times, The Japan Times, Bloomberg and Kyodo News+
Oliver Darcy / Status:
The Daily Wire's communications chief, Alyssa Cordova, departs as the company frames co-CEO Jeremy Boreing's demotion as his own choice and lays off some staff — The Daily Wire's Woes The Daily Wire once vowed to take on Disney with a $100 million+ investment to build an entertainment empire …
Discussion:
@status.news and @oliverdarcy.bsky.social
Lucas Shaw / Bloomberg:
How JioHotstar became India's most popular streamer, with 100M subscribers paying less than $1/month on average, via a freemium model, micro dramas, and more — More than 100 million people now subscribe to India's largest paid video service. — Good evening from Mumbai …
Discussion:
Lucas Shaw on LinkedIn, @sarthakgh, @lucas_shaw and @samidhas, more at Techmeme »
Sewell Chan / Columbia Journalism Review:
The Center for Public Integrity has ceased publishing after 36 years, and is in talks to turn over its archives to the Project on Government Oversight — Wesley Lowery resigned as board chair. The nonprofit newsroom, founded in 1987, is in talks to turn over its archives to a watchdog group.
Ben Smith / Semafor:
An interview with blogger Larry C. Johnson, once valued for his disagreements with the status quo, on his trip to Russia, his present marginal status, and more — The Scoop — When I called the blogger Larry C. Johnson last week, I was a bit surprised to hear I was the first journalist …
Discussion:
@davidfolkenflik and @semaforben
Brian Steinberg / Variety:
NBC Sports hires Betsy Riley, an NBC Sports veteran who recently led some Amazon sports offerings, to oversee production of its primetime Olympics program — Looks like NBC's new pop-culture primetime Olympics show is becoming permanent. — NBC Sports said Monday that it had lured Betsy Riley …
Discussion:
TVNewsCheck and Associated Press
Bailey Lipschultz / Bloomberg:
Newsmax shares jumped as much as 667% in their NYSE debut after raising $75M in its IPO — The stock traded at $62.27 each at 12:07 p.m. in New York, in a debut that saw shares repeatedly halted for volatility. The company raised $75 million in the offering, selling 7.5 million shares for $10 apiece.
Discussion:
Deadline, @julianklymochko, @stockmktnewz, @amitisinvesting, @morningbrew, @claytravis, @newsmax, @brianstelter, Yahoo Finance, CBS News, Barron's Online, Forbes, The Desk, Fast Company, The Wrap, CNBC and Variety
Peter Kafka / Business Insider:
MoffettNathanson: YouTube will surpass Disney in 2025 to become the largest media company by revenue, after generating $54.2B in 2024, just $5.5B behind Disney — - YouTube is big. Really big. Really, really big. — How big? Try this: It's about to become the biggest media company in the world.
Discussion:
The Hollywood Reporter, Variety, @pkafka, Deadline, Tubefilter, TVNewsCheck, MediaPost and The Wrap
Jessica Testa / New York Times:
TV news anchors exiled or extricated from their networks, like Joy Reid and Don Lemon, are finding success on Substack; Jim Acosta has 10K+ paid subscribers — Don Lemon, Joy Reid and Jim Acosta, exiled or extricated from their networks, are now on Substack, trading sleek studios and “pancake makeup” for their living rooms.
Discussion:
Newsbusters
Max Goldbart / Deadline:
The BBC says its content spend will fall by £150M to £2.5B in the next 12 months as it faces an “unprecedented content funding challenge” — The BBC faces an “unprecedented content funding challenge” in the year to come, the corporation's Annual Plan setting out priorities for the next 12 months has said.
Discussion:
Advanced Television, The Hollywood Reporter and WORLD SCREEN
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