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5:10 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 …
RELATED:
Matt Novak / Gizmodo:
FCC Commissioner Anna Gomez says Paramount-Skydance agreed to “never-before-seen forms of government control over newsroom decisions” through a “truth arbiter”  —  Anna Gomez says the new company is “born in shame.” … It's official.
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
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.
Stuart Dredge / Music Ally:
A district court judge throws out SoundExchange's 2023 suit against SiriusXM, which had argued SoundExchange doesn't have the right to litigate royalty disputes  —  - Click to email a link to a friend (Opens in new window) Email  —  Two years ago, SoundExchange sued US satellite-radio firm SiriusXM …
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+ …
Peter White / Deadline:
Stephen Colbert, whose late show is scheduled to end on CBS in May 2026, directly pitches Netflix and Amazon during his last show before a summer break  —  The Late Show with Stephen Colbert is ending in May but the host is already courting new employers.  —  Colbert, who is off for a few weeks …
Jesse Whittock / Deadline:
RTL Group reports H1 revenue down 3% YoY to €2.78B, vs. €2.83B est., Fremantle revenue down 5% to €905M due to lower revenue from the US and “phasing effects”  —  Got Talent producer Fremantle has seen its half-year revenue fall 5.4%, as parent RTL posted …
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, Screen and City A.M.
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
 
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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: 
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
 

 
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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