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11:55 AM ET, August 8, 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:
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
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
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.”
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: Telegraph, Screen and City A.M.
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
Zico Ghosh / The Hollywood Reporter:
A look at the impact of AI voice cloning on India's dubbing and voiceover sector, as artists demand consent, credit, and fair pay amid a lack of laws for AI use  —  As AI voice cloning in films becomes a reality, India's dubbing artists are demanding consent, credit and fair pay …
Discussion: Ed Hooks on LinkedIn
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
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 …
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  —  Vox Media Union statement on today's devastating round of layoffs at Eater.  We stand with all of our wonderful colleagues. #solidarityforever #unionstrong #1u [image]
 
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 More News: 
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
 Earlier Picks: 
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
Hannah Murphy / Financial Times:
In a live discussion on X, Elon Musk tells advertisers that X plans to introduce advertising into Grok's answers
 

 
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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