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10:15 PM ET, August 2, 2025

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 Top News: 
CPB:
The Corporation for Public Broadcasting announces that it is shutting down following the loss of federal funding  —  The Corporation for Public Broadcasting (CPB) announced today that it will begin an orderly wind-down of its operations following the passage of a federal rescissions package …
Discussion: CBS News, USA Today, New York Times, NPR, Salon, @annewritesreylo.bsky.social, semipublic.co, @carnage4life@mas.to, @banksyfella.bsky.social, @scottedelman.bsky.social, @scottnover, Fox News, @wexler, WKYC-TV, Must Read Alaska, @mikeisaac, Deseret News, @whstancil, @philipaklein, Variety, Breitbart, Le·gal In·sur·rec·tion, The Washington Free Beacon, Curb Cuts, Plain Dealer, Digital Music News, The Guardian, The A.V. Club, Ars Technica, Washington Times, Pittsburgh Business Journal, Gizmodo, The Mahablog, New York Sun, ZeroHedge News, Fast Company, Straight Arrow News, NC Newsline, @lanceulanoff@threads.com, Roll Call, Hollywood Life, @edeggans.bsky.social, Newser, NPR, Adweek, Free Press Action Fund Feed, Raw Story, MLive.com, RedState, HotAir, twitchy.com, Poynter, Associated Press, BroadwayWorld, Billboard, The Daily Signal, The National Pulse, Animation Magazine, KIII-TV, Daily Caller News Foundation, Bleeding Cool News, Wall Street Journal, @schmittwitt.bsky.social, The Post Millennial, KTFT, Reuters, CNN, NBC News, Townhall, Consequence, TV Tech, Barrett Media, Radio & Television …, Blaze Media, TheDesk.net, Cord Cutters News, Mediaite, @scottnover.bsky.social, Inside Radio, Washington Examiner, Washington Post, Honolulu Star-Advertiser, @sorayanadiamcdonald.com, Axios, Variety, Bloomberg, The Wrap, @airbagmoments.bsky.social, Deadline, @dianabutlerbass.bsky.social, @robxlii.bsky.social, @nicdawes.bsky.social, @smi.bsky.social, New York Daily News, Advocate, Scripps News, Newsweek, The Follow, New Republic, The Hill, The Independent, The Gateway Pundit, Anthropology …, Cleolinda everywhere, WisPolitics, Al Jazeera and r/radio
Emily Baker-White / Forbes:
A profile of Rumble founder Chris Pavlovski, who declined an offer to become CEO of Truth Social and opted to provide services to the platform through Rumble  —  Before he helped run Truth Social, Chris Pavlovski owned porn domains.  Now, he's allied with a political movement that wants to ban pornography.
Alex Weprin / The Hollywood Reporter:
South Park will be leaving HBO Max on August 5 after Paramount+ secured exclusive global streaming rights; HBO Max has been the US home for the past five years  —  Paramount and Park County had inked a temporary extension with HBO Max while they negotiated a new streaming and overall deal.
The Moscow Times:
Derk Sauer, a Dutch media entrepreneur who founded The Moscow Times and later supported Russian journalists in exile, died at 72 from sailing accident injuries  —  Derk Sauer, the Dutch media entrepreneur who founded The Moscow Times, died on Thursday at age 72, his family said in a statement.
Matthew Keys / TheDesk.net:
Block Communications enters into an agreement to sell its entire portfolio of TV stations to Gray Media for $80M; the deal is expected to close in Q4 2025  —  Block Communications has entered into an agreement to sell its entire portfolio of television stations to Gray Media, the companies announced on Friday.
Aisha Malik / TechCrunch:
Instagram now requires users to have a public account with 1,000+ followers to go live, aligning with TikTok; previously, the feature was open to all users  —  Instagram users now need a public account with a minimum of 1,000 followers to go live on the platform, the social network confirmed to TechCrunch.
Jill Goldsmith / Deadline:
Paramount reports Q2 revenue up 1% YoY to $6.85B, a $57M profit, vs. a $5.4B loss a year ago, Paramount+ subs down by 1.3M QoQ to 77.7M and revenue up 23% YoY  —  Paramount Global reported its last set of financials under Redstone family ownership with a massive jump in theatrical revenue …
Jay Peters / The Verge:
RELATED:
Todd Spangler / Variety:
Apple reports Q3 revenue from Services, which includes the App Store, Apple TV+, and Apple Music, up 13.3% YoY to $27.42B, vs. $26.8B est.  —  Apple continued to drive double-digit growth in its Services business, which increased revenue 13.3% to $27.42 billion for the June 2025 quarter — a new quarterly record.
Annie Palmer / CNBC:
Amazon reports Q2 ad revenue up 23% YoY to $15.7B, vs. $14.9B est., and subscription services revenue up 12% YoY to $12.2B  —  Amazon one-day stock chart  — CNBC Councils  — CNBC on Peacock  — Join the CNBC Panel  — Supply Chain Values  — Select Shopping  — Ad Choices
BBC:
In the UK, X and Reddit are blocking wide-ranging content, including about parliamentary debates, Ukraine, and Gaza, to comply with the Online Safety Act  —  Social media companies are blocking wide-ranging content - including posts about the wars in Ukraine and Gaza - in an attempt to comply …
 
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 More News: 
Anne VanderMey / Bloomberg:
How VCs are changing the way people learn about the tech industry, through a sprawling media ecosystem consisting of podcasts, newsletters, and streaming shows
Todd Spangler / Variety:
Roku reports Q2 revenue up 15% YoY to $1.11B, vs. $1.07B est., a net profit of $10.5M, and Platform segment sales up 18% to $976M
 Earlier Picks: 
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
Discussion: WORLD SCREEN and Variety
Tom Jones / Poynter:
Washington Post sports columnist Sally Jenkins accepts a buyout and will be joining The Atlantic as a staff writer