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3:50 PM ET, July 31, 2025

Mediagazer

 Top News: 
Sara Fischer / Axios:
Dotdash Meredith rebrands to People to capitalize on the brand equity of its most popular and recognizable title  —  Dotdash Meredith, one of the largest publishers in America, is rebranding to People, its CEO Neil Vogel told Axios. … The rebrand capitalizes on that brand equity in a way that its current name does not.
Joe Flint / Wall Street Journal:
Fox acquires one-third of Penske Entertainment, owner of the IndyCar Series, sources say for between $125M and $135M; Fox started carrying IndyCar in 2025  —  Deal is latest alliance between a media company and a sports group  —  Fox Corp. has acquired one-third of Penske Entertainment …
Lillian Rizzo / CNBC:
NBCU reports Q2 revenue up 2% YoY to $6.44B; Peacock had 41M subscribers, a $101M loss, down from $348M in Q2 2024, and revenue grew 18% YoY to $1.2B  —  Comcast beat Wall Street estimates on Thursday for second-quarter earnings and revenue.  Yet the company saw a loss of broadband customers …
RELATED:
Ted Johnson / Deadline:
Brendan Carr opens an FCC inquiry into NBCU over its relationship with its local affiliates, citing reports of attempts to “extract onerous ... concessions”
Tom Jones / Poynter:
Washington Post sports columnist Sally Jenkins accepts a buyout and will be joining The Atlantic as a staff writer  —  Jenkins isn't just a sportswriter.  She's one of the most fearless and eloquent voices in journalism, making her exit a major blow to the Post.
RELATED:
@erikwemple:
Media critic Erik Wemple says he has taken The Washington Post's buyout offer and will start covering media for The New York Times in September
The Hollywood Reporter:
Shirley Halperin, THR's co-EIC, is departing to become the co-EIC of Rolling Stone alongside Sean Woods, becoming the first woman to lead the brand  —  Halperin becomes the first woman to lead the venerable music brand; Roshan will direct editorial strategy for THR's print magazine …
Discussion: The Wrap and Rolling Stone
Gene Maddaus / Variety:
UTA and Michael Kassan reach a settlement with undisclosed terms, after a year of legal battles stemming from Kassan's departure from the agency  —  A year after Michael Kassan either resigned or was fired from United Talent Agency, the two sides have quietly settled their acrimonious litigation.
Sara Merican / Deadline:
Ampd: premium VOD added 1.5M net new subscribers in Q2 in Indonesia, Malaysia, Philippines, Singapore and Thailand; Netflix, Viu and iQiyi drove 60%+ of growth  —  The premium video-on-demand (VOD) market in Southeast Asia has seen a bumper quarter, adding more than 1.5 million net new subscribers in Q2 2025.
Discussion: Variety and WORLD SCREEN
Andrew Marchand / New York Times:
Sources: ESPN cuts ties with Shannon Sharpe after he settled a lawsuit accusing him of rape; Sharpe had said he'd return to ESPN at the start of NFL preseason  —  ESPN has cut ties with NFL Hall of Famer and media analyst Shannon Sharpe less than two weeks after he settled a lawsuit …
Joshua Benton / Nieman Lab:
A June ranking of the top nonprofit US news sites by traffic shows The Conversation leading by far, followed by the Salt Lake Tribune and ProPublica  —  In markets large and small, these nonprofit news organizations are achieving traffic numbers that many commercial outlets would envy.
Pamela McClintock / The Hollywood Reporter:
Warner Bros. Motion Picture Group is undergoing 10% cuts across multiple divisions to transition “toward a fully global structure”  —  Studio heads Michael De Luca and Pamela Abdy announced the shift in direction in a memo to staff. … The layoffs will reduce the staff by about 10 percent.
 
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 More News: 
Charlotte Tobitt / Press Gazette:
LADbible launches Betches, the US women's media brand it acquired in 2023, in the UK aiming to fill a “gap in the market” for Gen Z and millennial women
Jonathan Vanian / CNBC:
Meta reports Q2 revenue up 22% YoY to $47.5B, vs. $44.8B est., net income up 36% to $18.3B, family DAP up 6% to 3.48B for June 2025; META jumps 10%+ after hours
 Earlier Picks: 
Mia Sato / The Verge:
Ziff Davis is laying off 15% of its unionized workforce, or 23 people, 19 of which work for CNET; Ziff Davis has bought five companies in 2025
Financial Times:
Source: David Ellison plans to “bring back a performance-based culture” to CBS, “Not quotas. Not ideology. Just objective journalism”
Lucia Moses / Business Insider:
Amazon-backed AI streaming service Showrunner debuts on Thursday, charging users $10 to $40 per month to create their own animated shows or build on others' IP
Alice Brooker / Press Gazette:
Study by SEO platform Authoritas: when Google AI Overviews is present, publishers witness a drop of 47.5% in clickthrough rate on desktop, and 37.7% on mobile
 

 
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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