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8:55 PM ET, July 23, 2025

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 Top News: 
Alex Weprin / The Hollywood Reporter:
Skydance tells the US FCC that once its Paramount Global acquisition is complete, it will initiate a “comprehensive review” of CBS, hire an ombudsman, and more  —  The company said it would commit to a “comprehensive review” post-transaction.
Matthew Keys / TheDesk.net:
Alphabet reports YouTube's Q2 ad revenue rose 13% YoY to $9.8B, vs. $9.56B est., and Google's advertising revenue reached $71.3B, up from $64.6B a year ago  —  Key Points:  — YouTube ad revenue rose to $9.8 billion in Q2 2025, up 13% compared to Q2 2024 and up 10% on a sequential basis.
Melissa Quinn / CBS News:
French President Emmanuel Macron and his wife Brigitte file a defamation suit against MAGA podcaster Candace Owens over her claims that Brigitte was born a man  —  Washington — French President Emmanuel Macron and his wife Brigitte Macron filed a defamation lawsuit against right-wing podcast …
Joe Flint / Wall Street Journal:
Sources: NBCU is discussing launching a sports cable network that could debut as soon as the fall and would primarily carry sports also available on Peacock  —  The potential cable channel would broadcast sports, including the NBA, also being shown on NBCU's Peacock streaming service
Pew Research Center:
A survey of 900 US Google users: of ~69K searches, 18% gave AI Overviews; of those, users clicked a link 8% of the time, compared to 15% with no AI summary  —  Last year, Google introduced “AI Overviews,” a feature that displays an artificial intelligence-generated result summary at the top of many Google search pages.
RELATED:
Inside Radio:
A US federal appeals court strikes down the FCC's ban on same-market ownership of top-rated local TV stations but leaves local radio ownership rules intact  —  In a closely watched decision with major implications for broadcasters and the Federal Communications Commission's open quadrennial rulemaking …
Jessica Davies / Digiday:
Newsweek launches subscriptions and expands non-advertising revenue streams, aiming to drop the ad share of its ~$90M in yearly revenue from 63% to 55%  —  Newsweek is launching more subscription products and expanding non-advertising revenue streams as it braces for a future …
Loni Prinsloo / Bloomberg:
South African regulators approve Canal+'s ~$3B acquisition of MultiChoice, set to create Africa's largest pay TV and streaming group with ~50M subscribers  —  Canal+ received South African anti-trust approval to buy MultiChoice Group Ltd., which will clear the way to make it the largest pay-TV and streaming business on the continent.
Katie Drummond / Wired:
Wired expands its offerings with five new weekly newsletters, livestream AMAs running at least twice per month, and narrated audio versions of many articles  —  As of today, there are even more ways to enjoy WIRED's journalism, including premium newsletters and livestream Q&As.  Join us.
Andrew Marchand / New York Times:
Sources: ESPN and the NFL are nearing a landmark deal to add Red Zone, NFL Network, and more to the ESPN's streamer, launching in the fall for $29.99 per month  —  In 1987, an eight-year-old cable network in just 41 million homes acquired the rights to eight NFL regular season Sunday night games and the Pro Bowl.
Aisha Malik / TechCrunch:
YouTube gives Shorts creators access to new generative AI features powered by Veo 2, such as new AI effects and a tool that turns photos into six-second videos  —  YouTube announced on Wednesday that it's giving Shorts creators access to new generative AI features, including an image-to-video AI tool and new AI effects.
 
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 More News: 
Max Goldbart / Deadline:
The BBC says it will air a new MasterChef season filmed before presenters Gregg Wallace and John Torode were fired over Banijay's misconduct report
 Earlier Picks: 
Oliver Darcy / Status:
Several LAT staffers say Jon Stewart's unchallenging interview of Patrick Soon-Shiong on The Daily Show left many inside the LAT newsroom perplexed and furious
Katie Robertson / New York Times:
SEC filing: Alden-owned MediaNews makes a ~$88M bid for DallasNews Corporation, after the Dallas Morning News parent signed a $75M merger agreement with Hearst
David Folkenflik / NPR:
NPR EIC and acting Chief Content Officer Edith Chapin is stepping down later this year and says her choice wasn't driven by Congress' rescission of funding
Lesley Goldberg / The Ankler:
Sources: CBS decided to end The Late Show on June 27, before the 60 Minutes settlement, but Colbert's agent only informed him after he taped the July 16 episode
 

 
From Techmeme:

Kurt Wagner / Bloomberg:
Sources: Meta is considering deep budget cuts to its metaverse efforts in 2026, potentially as high as 30% and most likely including layoffs as early as January

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

Will Oremus / Washington Post:
Two studies suggest AI chatbots can shift political views more effectively than TV campaign ads, especially by presenting many claims, regardless of accuracy
 
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