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7:40 AM ET, August 12, 2025

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 Top News: 
Alex Sherman / CNBC:
Paramount acquires the US rights to UFC for $7.7B over seven years, beginning in 2026, making all 43 annual live events available exclusively on Paramount+  —  Days after completing its merger with Skydance, Paramount has acquired the U.S. rights to TKO Group's UFC for seven years, beginning in 2026.
RELATED:
Financial Times:
As part of the Paramount-UFC deal, premium fights will be available for free to Paramount+ subscribers, ending the pay-per-view model present on ESPN  —  Agreement with mixed martial arts promoter is the largest since David Ellison took charge of Hollywood studio
Lucas Shaw / Bloomberg:
Paramount plans to show select UFC live events on CBS and will explore buying international rights in the future as they become available
Dade Hayes / Deadline:
Fox and ESPN plan to launch a bundle of their upcoming streaming services, Fox One and ESPN respectively, on October 2 for $39.99 per month  —  Fox One, which brings together sports, news and entertainment from across Fox's broadcast and cable channels, and ESPN's dramatically beefed-up direct …
Jay Peters / The Verge:
Reddit says it will block the Internet Archive from indexing most of its pages after it caught AI companies scraping its data from the Wayback Machine  —  The company says that AI companies have scraped data from the Wayback Machine, so it's going to limit what the Wayback Machine can access.
Andrew Deck / Nieman Lab:
The Yomiuri Shimbun, Japan's largest newspaper by circulation, sues Perplexity, alleging unauthorized reproduction of its articles, and seeks $14.7M in damages  —  The Yomiuri Shimbun, Japan's largest newspaper by circulation, has sued the generative AI startup Perplexity for copyright infringement.
Naman Ramachandran / Variety:
Tencent Music reports Q2 revenue up 17.9% YoY to $1.18B, music services revenue up 26.4% YoY to $957M, and music subscription revenue up 17.1% YoY to $611M  —  Tencent Music Entertainment Group, China's dominant online music and audio platform, reported second-quarter 2025 revenue of $1.18 billion, up 17.9% year-over-year.
Discussion: Benzinga and Reuters
Daniel Kaplan / The Hollywood Reporter:
Kevin Durant's Boardroom, a site focused on athletes and other entertainers, plans to launch a print magazine this month, with quarterly issues starting in 2026  —  The company run by Rich Kleiman is testing the waters with a U.S. Open-themed cover feature in August and plans to publish quarterly beginning in 2026.
Matthew Keys / TheDesk.net:
Hub survey: 42% of Americans say they were more likely to keep subscribing to a streaming bundle over an individual app; only 14% say they were less likely  —  Consumers are more likely to keep paying for a streaming app if they can bundle it with others at a low price point.
Discussion: TV Tech
Al Jazeera:
Al Jazeera journalists Anas al-Sharif and Mohammed Qreiqeh and three colleagues have been killed in an Israeli attack on a tent housing journalists in Gaza City  —  Al Jazeera staff killed in targeted Israeli attack on a tent housing journalists near al-Shifa Hospital, Gaza City.
Discussion: Committee to Protect …, U2.com, New York Times, The Guardian, BBC, Variety, CNN, Music Ally, ABC, Zeteo, The Free Press, Poynter, Australian Financial Review, The Times of Israel, @liamthorp.bsky.social, 9News, @brianstelter, Mondoweiss, Truthout, Adweek, Axios, @arutzsheva_en, ZeroHedge News, Media Nation, @manasipathak_, @pressfreedom.bsky.social, Writers Without Money, @muhammadshehad2, Crikey, LewRockwell, New York Sun, Mother Jones, JURISTnews, @ryangrim, Breitbart, @saulstaniforth, Drop Site News, @kehyslop.bsky.social, PBS NewsHour, CBS News, Financial Times, Mediaite, NBC News, National Union of Journalists …, Time, The Hill, WHDH-TV, UPI, Reuters, Wall Street Journal, @jonathan-cook.bsky.social, @brenttoderian.bsky.social, Mirror, HuffPost, @ingridrobeyns.bsky.social, @sanasaeed, @lailaalarian, @alexcrawfordsky, @malsaafin, @nesrinemalik, @dropsitenews, @sanasaeed, @mosababutoha, @lalarian, @ytirawi, @malsaafin, @treyyingst, @sanasaeed, @sanasaeed, @myhlee.bsky.social, @northwestbylines.co.uk, @onemoregoodman.bsky.social, @conniewalker.bsky.social, @peterhowitt.bsky.social, @trumpsatwit.bsky.social, @jayapal.house.gov, @karenattiah.bsky.social, @darkskylady.bsky.social, @MissConstrue@mefi.social, @chelseaeharvey.bsky.social, Jeff Jarvis on LinkedIn, @matthewjkuiper.bsky.social, @ashtonpittman.bsky.social, @brian-goldstone.bsky.social, @joolia.bsky.social, @markjacob.bsky.social, @lorak.bsky.social, Jodie Ginsberg on LinkedIn, @deanobeidallah.bsky.social and @meganotoole.bsky.social
Matthew Keys / TheDesk.net:
Sinclair's board authorizes a strategic review for its broadcast business and will consider separating its Ventures division, which includes the Tennis Channel  —  Sinclair, Inc.'s board of directors has authorized a comprehensive strategic review of its broadcast operations …
 
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 More News: 
Raquel ‘Rocky’ Harris / The Wrap:
Crunchyroll partners with Delta Airlines to offer over 2,000 anime titles on more than 169,000 seatback screens later in 2025
Nicole Sperling / New York Times:
Netflix and Archewell Productions, the company of Prince Harry and Meghan Markle, sign a new deal; source: it is worth less for the royals than their last deal
Dan Kennedy / Media Nation:
The Associated Press plans to end its weekly book reviews, beginning September 1, citing low audience engagement, but will continue to cover books as stories
Sam Tobin / Reuters:
A UK judge dismisses Wikimedia's Online Safety Act challenge over requiring Wikipedia to verify users and contributors' IDs, but says it can file new challenges
Charlotte Tobitt / Press Gazette:
Future launches a Tom's Hardware premium membership for £51 per year, as the UK publisher aims to diversify its revenue beyond ads and e-commerce
Discussion: Tom's Hardware and r/hardware
 Earlier Picks: 
Will Bunch / The Philadelphia Inquirer:
LAPD officers struck and injured UK photojournalist Nick Stern twice while he was covering LA immigration protests, and assaulted multiple other journalists
Amy Thomson / Bloomberg:
Martin Sorrell's S4 says it is in early talks to combine with private equity-owned MSQ; S4 has a ~£130M market cap after its stock has declined ~35% in 2025
Charlotte Klein / The Cut:
How former Food52 executive Shannon Muldoon stole $270,000+ from Food52 between 2021 and 2023 by using the company's credit card for luxury clothing and travel
Todd Spangler / Variety:
Disney's merging of Hulu into Disney+ could reduce operating costs, as Hulu will hit $4.1B in programming expenses and $2.9B in non-programming costs in FY 2025
Discussion: @tvgrimreaper
WyoFile:
Wyoming newspaper owners and staffers are scrambling to save local papers, after Illinois-based News Media Corporation announced their immediate closure
 

 
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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