Top News:
Todd Spangler / Variety:
Paramount says it expects its merger with Skydance to close on August 7; the new company will trade on Nasdaq as PSKY — In just under two weeks, Paramount Global will complete its takeover by the smaller Skydance Media to form “Paramount Skydance Corp.” — and bringing a rollercoaster M&A ride to its conclusion.
RELATED:
Lucas Manfredi / The Wrap:
FCC filing: Larry Ellison will hold a minority voting interest of ~35.5% in the combined Paramount-Skydance company, without any veto or special voting rights — The Oracle chairman will not have any “veto rights, or any special or outsized voting rights,” per an amendment filed with the FCC
Discussion:
HuffPost, Slate, The Information and The Hollywood Reporter
CNBC:
The fate of Jimmy Kimmel's ABC show, whose contract ends in 2026, will reveal if Colbert's cancelation was a one-off or a fundamental shift in late-night TV — There are two schools of thought around CBS' decision to end “The Late Show with Stephen Colbert.”
Discussion:
Travel And Tour World, Full Feed, @sherman4949, Deadline, @tvgrimreaper, @sherman4949, @sherman4949, New York Sun, Townhall and Scott Galloway
Axios:
Rupert Murdoch's media empire is playing both sides of the Trump-Epstein scandal, with the WSJ breaking bombshell news that Fox News is largely ignoring — Rupert Murdoch's media empire is playing both sides of the Trump-Epstein scandal, breaking bombshell news with one hand and largely ignoring it with the other.
Discussion:
The Guardian, Raw Story, Deadline, Sydney Morning Herald, New Jersey Online, The Saturday Paper, Vox, Mediaite and NewsMax.com
Ellie Wolfe / The Baltimore Banner:
The Johns Hopkins University Press will license its authors' books to train AI models, citing concerns that “the window may be closing” for making AI deals — The Johns Hopkins University will license its books to train proprietary large language models, an advanced form …
Arielle Swedback / On Substack:
A survey of 2,000 Substack publishers finds 45.4% use AI, mainly for research; among them, 51.1% are over age 45, 55% are men, and 85% of tech outlets use it — AI is here—at schools, in memes, and, yes, even on Substack. But beyond sniffing out its usage—who's being too liberal with the em dashes or the “It's not [this].
Drew Harwell / Washington Post:
YouTube mega streamer IShowSpeed's recent visits to Lithuania and China show how countries are focusing on creators' fan bases as a new strategy for soft power — The streamer IShowSpeed drank pink soup in the Baltics and marveled at cars in China. Are his tours propaganda, or just good advertising?
Discussion:
NZ Herald
George Winslow / TV Tech:
Parks Associates: 33% of US internet households subscribe to a DTC sports-specific streamer and 40% of sports viewers exclusively watch sports via streamers — D2C sports service viewers are the heaviest spenders on streaming video services shelling out an average of $111 per month …
Discussion:
Parks Associates, StreamTV Insider, Cord Cutters News, InterDigital, Inc. and TheDesk.net
New York Times:
Docs and interviews: Media Matters is struggling to survive, having racked up ~$15M in legal fees to defend itself from lawsuits by Elon Musk, the FTC, and AGs — Scrambling to pay legal fees, Media Matters has dialed back its criticism, trimmed its staff and contemplated closing entirely.
Discussion:
The Overspill, ZeroHedge News, @anne-s-kim.bsky.social, @PeteTucker@mastodon.social, American Thinker, Le·gal In·sur·rec·tion, Election Law Blog, @sfomel.bsky.social, @maxkennerly.bsky.social, @scripting.com, Benjamin Soskis on LinkedIn, @simonowens, @gekaminsky, @nick_field90, @kenvogel, @aridrennen, The Gateway Pundit, Raw Story, The Washington Free Beacon, HotAir, RedState, Breitbart, IJR, The National Pulse, @cristianfarias.com, twitchy.com, NewsMax.com, The Verge, @alleenbrown.bsky.social, @rmac.bsky.social, @normative.bsky.social, @mmasnick.bsky.social, @parkermolloy.com, @mattgertz.bsky.social and @normative.bsky.social
Jason Schreier / Bloomberg:
YouTuber Ralph Panebianco launches a subscription-based, text-driven site for game reviews and news, hoping to leverage his 1M+ subscribers to build readership — Websites like Polygon and Kotaku are facing huge challenges, opening opportunities for newcomers — Hi everyone.
Discussion:
Jason Schreier on LinkedIn, @stephentotilo.bsky.social and Game File
Sara Fischer / Axios:
Meta will no longer accept political, election, or social issue ads in the EU from October, like Google, with both citing incoming regulation — Meta on Friday said starting in October it will no longer accept political, election or social issue ads in the European Union …
Discussion:
Silicon Republic, Social Media Today, Boston Herald, @sandrogozi, @panyiszabolcs, @panyiszabolcs, @pidge, @adrianweckler, VSquare.org, Wall Street Journal, Associated Press, Cryptopolitan, Bloomberg Law, The Information, The Verge, Adweek, belganewsagency.eu, Al Jazeera, Engadget, New York Times, The Register, The Ankler, OSnews, TechCrunch, Neowin, Reuters, WinBuzzer, Euractiv, Agence France-Presse, Bloomberg, Meta Newsroom, Financial Times, Meta for Government …, Semafor and Anadolu Ajansı …
Lucia Moses / Business Insider:
Sources: Netflix is searching for a video podcasting head; the role could be under Netflix's TV and film licensing arm rather than the original content side — - Netflix is quietly searching for an exec to lead its video podcast efforts. — The streamer is chasing YouTube, which has cemented itself as a video podcast titan.
Discussion:
Bloomberg
