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:
Charlotte Tobitt / Press Gazette:
The Bureau of Investigative Journalism promotes editor Franz Wild as its next CEO and EIC, succeeding Rozina Breen, who is leaving to join the Pulitzer Center — The Bureau of Investigative Journalism has appointed Franz Wild as its next chief executive and editor-in-chief.
Discussion:
TBIJ and Journalism.co.uk
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:
Poynter, Raw Story, The Guardian, Deadline, Sydney Morning Herald, New Jersey Online, The Saturday Paper, Vox, Mediaite and NewsMax.com
Alice Brooker / Press Gazette:
The UK's The Times closes its Money Mentor, launched in 2019 as a free section designed to “demystify finance”, but relaunches its personal finance offering — The Times has closed its Money Mentor section but says it is relaunching its personal finance offering instead.
Max Goldbart / Deadline:
The BBC appoints ex-Meta executive Anjali Kapoor to the newly created role of director for BBC News AI, Innovation, and Growth, to “accelerate AI adoption” — Anjali Kapoor was previously Meta's Director for Media Partnerships in the Asia-Pacific region but takes …
Discussion:
BBC, Broadband TV News and TVBEurope
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
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
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].
Nick Vivarelli / Variety:
Netflix agrees a deal with Middle East broadcaster MBC Group to bundle Netflix and MBC's Shahid in addition to its linear TV channels in one subscription — Top Middle East broadcaster MBC Group has forged a groundbreaking partnership with Netflix under which the U.S. streaming giant …
Discussion:
Advanced Television, Broadband TV News, Deadline, Screen and The National
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 …
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 and InterDigital, Inc.
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:
ZeroHedge News, The Overspill, @anne-s-kim.bsky.social, Election Law Blog, @PeteTucker@mastodon.social, American Thinker, Le·gal In·sur·rec·tion, @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, NewsMax.com, @cristianfarias.com, twitchy.com, The Verge, @alleenbrown.bsky.social, @rmac.bsky.social, @normative.bsky.social, @mmasnick.bsky.social, @parkermolloy.com, @mattgertz.bsky.social and @normative.bsky.social
