Check out Mini-Mediagazer for simple mobiles or Mediagazer Mobile for modern smartphones.
3:10 PM ET, August 7, 2025

Mediagazer

 Top News: 
Brian Stelter / CNN:
Paramount Skydance CEO David Ellison visited CBS News early Thursday, expressing admiration for the news division and acknowledging recent stresses  —  Control of Paramount, the legendary but troubled TV and movie maker, shifted to Silicon Valley scion David Ellison on Thursday …
RELATED:
New York Times:
Paramount and Skydance's $8B merger closes, giving Paramount stronger financial wherewithal and ending a tortuous process that has lasted well over a year  —  The merger catapults new power players to the top of Hollywood and ends a tortuous process that has lasted well over a year.
Jill Goldsmith / Deadline:
Paramount CEO David Ellison outlines the new company's plans, including a reorganization into three business units: Studios, Direct-to-Consumer, and TV Media  —  David Ellison formally introduced himself to the industry and Wall Street as chairman CEO of the new Paramount in a letter posted …
Katcy Stephan / Variety:
Memo: Paramount Global co-CEO Brian Robbins announces his departure from the company following the Skydance merger, calling the transition “bittersweet”
Kieran Smith / Financial Times:
WPP reports H1 2025 operating profit down 48% YoY to £221M and halves its interim dividend ahead of a strategic review, weeks after cutting its FY 2025 guidance  —  Shares hit 16-year low as interim operating profits plunge 48% for first half  —  WPP halved its interim dividend …
Harshita Mary Varghese / Reuters:
WBD reports Q2 revenue up 1% YoY to $9.81B, vs. $9.76B est., boosted by the HBO Max expansion and blockbuster hits, and subscribers up 3.4M QoQ, vs. 2.71M est.  —  Warner Bros Discovery (WBD.O) topped Wall Street estimates for quarterly revenue on Thursday, boosted by the international expansion …
RELATED:
Angie Orellana Hernandez / Washington Post:
Stanford's student newspaper and two former students sue the Trump administration, saying arrests and deportation attempts against students hinder free speech  —  The lawsuit challenges Secretary of State Marco Rubio's ability to revoke student visas and deem an individual deportable based on the content of their speech.
Sara Fischer / Axios:
Vice Media raises $75M in a credit facility with Western Alliance Bank to support Vice Studios; Vice co-owner Fortress is also contributing an equity investment  —  Vice Media has raised $75 million in the form of a credit facility with Western Alliance Bank to support the growth of Vice Studios …
Hannah Murphy / Financial Times:
In a live discussion on X, Elon Musk tells advertisers that X plans to introduce advertising into Grok's answers  —  Billionaire owner outlines plans to improve advertising on social media platform in rare overture to marketers  —  Elon Musk plans to introduce advertising into the answers …
Francesca Ebel / Washington Post:
Mzia Amaghlobeli, a prominent independent journalist in the country of Georgia, was sentenced to two years in prison for slapping a police officer at a protest  —  Mzia Amaghlobeli, the founder of two media outlets, had slapped a police officer at an anti-government protest …
Matthew Keys / TheDesk.net:
Nexstar reports Q2 revenue down 3% YoY to $1.23B, primarily due to reduced political ad revenue in a US non-election year, and net income down 14% YoY to $91M  —  Key Points:  — Nexstar reported $1.23 billion in Q2 revenue, down 3.2% on a year-over basis due to lower political ad spending in a non-election year.
Kenneth Li / Reuters:
Thomson Reuters reports Reuters News Q2 revenue up 5% YoY to $218M, driven by its agency and professional business and a contractual price increase from LSEG  —  Thomson Reuters (TRI.TO) reported higher revenue for the second quarter, during which it launched new AI features in its tax and accounting and legal divisions.
Julian Wyllie / Current:
PBS North Carolina says it will offer voluntary buyouts as it anticipates an annual loss of $4.8M in federal funding and may also lose $4M in state funding  —  PBS North Carolina announced Tuesday that it will offer voluntary buyouts to staff due to an anticipated revenue shortfall caused by the loss of federal funding.
RELATED:
 
 Archived Page Info: 
This is a snapshot of Mediagazer at 3:10 PM ET, August 7, 2025.

View the current page or another snapshot:


 
 See Also: 
Mediagazer: site main
Mediagazer River: reverse chronological Mediagazer
Mediagazer Mobile: for phones
Mediagazer Leaderboard: Mediagazer's top sources
 
 Subscribe: 
Mediagazer RSS feed
Mediagazer on X
Mediagazer on Mastodon
 
 
 More News: 
Jess Weatherbed / The Verge:
Truth Social launches a Perplexity-powered AI search feature that consistently references Trump-supporting media including Fox News and The Washington Times
Sean Hollister / The Verge:
Digital Foundry, known for in-depth game console analysis, is now an independent entity after its founder, Richard Leadbetter, bought the publication from IGN
Laura Hazard Owen / Nieman Lab:
Report for America says for 2024-25, 55% of the 181 reporters in the program were hired into permanent positions; since 2018, RFA has placed 759 corps members
Discussion: Report for America
 Earlier Picks: 
Glenn Kessler / By Glenn Kessler:
Glenn Kessler likens working at WaPo now to the Titanic, sinking and aimless under Will Lewis, who asked Kessler for advice on attracting Fox News viewers
Dan Cepeda / Oil City News:
News Media Corporation says it will cease operations effective immediately, citing financial challenges; NMC operated local newspapers in five US states
Liz Reid / The Keyword:
Google says total organic click volume from Search to websites is “relatively stable year-over-year” and it's sending “slightly more quality clicks” vs. in 2024
 

 
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
 
Sister Sites:

Techmeme
 Top news and commentary for technology's leaders, from all around the web
memeorandum
 What US political commentators are discussing online right now
WeSmirch
 The top celebrity news from all around the web on a single page