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11:50 AM ET, August 10, 2025

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 Top News: 
Wall Street Journal:
Sources: Nexstar, which owns or partners with over 200 TV stations, is in advanced talks to acquire Tegna, which has 64 TV stations; TGNA rises 30%+ after hours  —  A deal between Nexstar and Tegna could be a litmus test for the FCC's deregulation push
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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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”
Brian Stelter / CNN:
Paramount Skydance CEO David Ellison visited CBS News early Thursday, expressing admiration for the news division and acknowledging recent stresses
Katie Kilkenny / The Hollywood Reporter:
After four years as SAG-AFTRA president, Fran Drescher will not seek another term; ballots for new candidates will be collected from August 13 to September 12  —  A list of national political candidates at the union, released Friday, confirmed that the labor group's erstwhile strike leader is not seeking reelection.
Forbes:
A profile of 30-year-old Daniella Pierson, founder of lifestyle newsletter The Newsette, as sources say she's been exaggerating her companies' worth for years  —  Daniella Pierson has cozied up to everyone from Diane von Furstenberg to Selena Gomez, burnishing her image as her businesses unraveled.
Ashley Belanger / Ars Technica:
Two tech groups are backing Anthropic's appeal of a court ruling allowing a copyright class action, saying potential big settlements could chill AI investment  —  AI industry groups are urging an appeals court to block what they say is the largest copyright class action ever certified.
Jon Brodkin / Ars Technica:
Advocates for net neutrality say they won't appeal a ruling against the policy, saying they don't trust the US Supreme Court to rule fairly on the issue  —  Advocacy groups that tried to defend federal net neutrality rules in court won't file an appeal, saying they don't trust the Supreme Court to rule fairly on the issue.
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 …
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+ …
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 …
 
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 More News: 
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
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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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