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3:01 AM ET, August 14, 2025

Mediagazer

 Top News: 
James Rogers / MarketWatch:
Paramount Skydance shares jumped 36.7% on Wednesday, and trading volume exploded; CNBC's Jim Cramer called the stock a meme stock early in the day  —  Shares of newly merged — and highly shorted — media company Paramount Skydance soared Wednesday, fueling a ‘meme-on-steroids feel’  —  Referenced Symbols
RELATED:
Cynthia Littleton / Variety:
Paramount Skydance CEO David Ellison says BET Networks is no longer for sale and he plans to operate the new company with Paramount's assets intact  —  New regime meets the press in wide-ranging Q&A session held at Melrose studio lot following Aug. 7 acquisition
David Folkenflik / NPR:
A look at the disputes over Kari Lake's official title and power at USAGM, as she uses the title of acting CEO while lawsuits challenge her status  —  By the close of business Wednesday, Trump administration official Kari Lake must explain to a federal judge how she intends to ensure that Voice …
RELATED:
Toluse Olorunnipa / The Atlantic:
Kari Lake pushes to deport some of her former employees who worked for Voice of America; they were invited to the US under J-1 visas that are no longer valid
Brooks Barnes / New York Times:
A look at MicroCo, a Hollywood startup aiming to tap into the micro drama craze, as Chinese apps gain US traction with millions of downloads, per Sensor Tower  —  A new app will focus on super-short TV shows shot for phones, a bit like Quibi, an earlier app aimed at quick content.  —  Remember Quibi?
Alex Weprin / The Hollywood Reporter:
How the NFL changed its streaming strategy as the TV landscape shifted; in a first, every NFL game will be available on streaming by the end of August  —  The league isn't content to be a ratings juggernaut for partners.  As it takes equity in ESPN and Paramount Skydance, it's muscling into Hollywood's end zone.
Hadas Gold / CNN:
A US judge rules Infowars will go up for sale yet again, paving the way for The Onion to revive its bid for the conspiracy-driven outlet and its assets  —  Alex Jones' far-right platform Infowars can be sold once again to help pay the more than $1 billion he owes the families …
Discussion: NPR
Matt Donnelly / Variety:
Paramount's streaming head Cindy Holland says streaming movies are “not a priority”, as CEO David Ellison says debate on value of theatrical releases is “over”  —  The leadership team at Skydance's Paramount have no interest in playing the original streaming movies game …
Vivian Nguyen / Crypto Briefing:
Justin Sun sues to block Bloomberg from publishing details of his crypto holdings that he had divulged “confidentially” to be included in its Billionaires Index  —  The 14-page complaint accuses Bloomberg of public disclosure of sensitive financial information and promissory estoppel.
Todd Spangler / Variety:
Paramount investor Mario Gabelli sues Shari Redstone's National Amusements, claiming NAI received “unfair and inequitable” terms in the Skydance merger  —  Now his investment firm has officially taken the matter to court.  —  On Wednesday, Gabelli's GAMCO filed a lawsuit …
Matthew Keys / TheDesk.net:
Marco Gaudino, charged in 2024 for allegedly giving Tim Burke credentials to access systems used by Fox News and others, avoids prison time after a plea deal  —  A Washington man has avoided prison time after he confessed to helping a Florida media consultant and former video journalist break …
Discussion: @thedesk.net
Charlotte Tobitt / Press Gazette:
The UK's Reach is hiring an overnight team in Australia for the first time to deliver “what UK news audiences want to see”, following its expansion in the US  —  The UK's largest commercial news publisher Reach is hiring an overnight team in Australia for the first time.
Discussion: PR Week UK
 
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 More News: 
Trip Gabriel / New York Times:
Leonard Tow, a cable TV and telephone company magnate and philanthropist who supported journalism and the arts, dies at 97
Bloomberg:
Shares of CoinDesk owner Bullish jumped 143% to $90 in its NYSE debut, up from its IPO price of $37; sources say the IPO was more than 20 times oversubscribed
Ben Raab / Wall Street Journal:
A look at social media “clippers”, who are paid $0.50 to $2 per thousand views by streamers, podcasts, and startups to make buzzy moments go viral online
Time:
Time appoints Michael Mraz as SVP, Head of Product and Platform AI for “infusing” AI into its product architecture, newsroom workflows, and audience engagement
Discussion: MediaPost
Washington Post:
Interviews with over 70 people detail the 13-year search for Austin Tice, the American journalist who was kidnapped near Damascus in August 2012
 Earlier Picks: 
Emily Price / Fast Company:
Meta says Threads has 400M+ monthly active users, up from 350M MAUs in April; Similarweb says Threads had 15.3M mobile DAUs in the US in June, below X's 22.9M
Tom Orry / Eurogamer.net:
Eurogamer unveils coverage updates, including a daily live report for gaming news and a new homepage with a focus on original reporting and features
Martyn Ziegler / The Times:
Sky Sports executive Jonathan Licht says ending the Premier League's Saturday 3PM broadcasting blackout will help combat piracy; it remains in its next TV deal
 

 
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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