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2:35 PM ET, August 8, 2025

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 Top News: 
Brian Stelter / CNN:
Paramount Skydance CEO David Ellison praises South Park creators, noting the show's profitability for Paramount, even as the show mercilessly skewers Trump  —  Paramount's new CEO doesn't seem to think he has a “South Park” problem.  —  Rather, David Ellison sees the animated show as part …
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Erik Hayden / The Hollywood Reporter:
In a press conference, Paramount Skydance execs emphasize better tech, deflect questions on recent controversies, and put off layoff questions until November
Brian Stelter / CNN:
Paramount Skydance CEO David Ellison visited CBS News early Thursday, expressing admiration for the news division and acknowledging recent stresses
Alex Weprin / The Hollywood Reporter:
SEC filing: Paramount Skydance CEO David Ellison and President Jeff Shell will get paid no less than $3.5M per year and have bonus targets of $1.5M per year
Bloomberg:
Sources: Netflix is exploring a deal to stream MLB's Home Run Derby, after ESPN walked away, and may be interested in additional baseball programming  —  Netflix Inc. is exploring a deal to stream Major League Baseball's Home Run Derby, people familiar with the matter said, after ESPN walked away.
GB News:
GB News launches on Truth+, Trump Media's streaming TV platform, as part of the free basic package  —  GB News has today embarked on an exciting new venture in the US after launching onto Truth+.  —  The sister platform to Truth Social announced today that it has added the People's Channel to Truth+ …
Chris Roush / Talking Biz News:
Memo: in H1 2025, Bloomberg Media revenue grew 7% YoY, cross-platform audience grew 6%, subscriptions revenue rose 8%, paying subscribers rose by ~100K to 660K+  —  Bloomberg Media CEO Karen Saltser sent the following memo to Bloomberg Media employees:  —  Team,
Discussion: Press Gazette and MediaPost
Katcy Stephan / Variety:
Disney and Lucasfilm settle with Gina Carano, who sued for discrimination over her firing from The Mandalorian after she shared controversial social media posts  —  Lucasfilm and the Walt Disney Company have reached a mutual agreement in their legal dispute with Gina Carano following her firing from “The Mandalorian.”
Alex Weprin / The Hollywood Reporter:
Byron Allen's Allen Media Group agrees to sell 10 local TV stations, mostly in the South and Midwest, to Gray Media in a $171M deal expected to close in Q4  —  The mogul put his stations on the market back in June. … The comedian turned media mogul's company Allen Media Group …
Ryan Vlastelica / Bloomberg:
Trade Desk's stock drops 35%+ after the company's latest earnings and projections heightened concerns about its growth prospects amid Amazon's ad-tech threat  —  Trade Desk Inc. analysts are bailing on the one-time market favorite amid growing fears that its advertising technology will get steamrolled by Amazon.com Inc.'s offerings
Naman Ramachandran / Variety:
Filing: Netflix UK distribution arm reports revenue of £1.85B for 2024, up 11% from 2023, and an 11% growth in average paid memberships  —  Netflix Services U.K. Limited, the company's British distribution arm, reported operating profit of £43.2 million ($58 million) …
Discussion: Benzinga, Telegraph, City A.M. and Screen
Kayla Cobb / The Wrap:
AMC Networks reports Q2 revenue down 4% YoY to $600M, vs. $555M est., domestic advertising revenue down 18% to $123M, and streaming revenue up 12% to $169M  —  Streaming revenue increased to $169 million for the quarter due to an AMC+ price increase  —  AMC Networks reported a 4% year …
 
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 More News: 
Vox Media Union:
Vox Media's union says 15 members working at Eater were told without warning that their jobs were being cut, eliminating roughly a third of Eater's union jobs
 Earlier Picks: 
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
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
 

 
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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