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2:30 AM ET, November 11, 2025

Mediagazer

 Top News: 
Hannah Miller / Bloomberg:
Paramount plans an additional 1,600 job cuts as part of a goal to achieve $3B+ in cost savings; the new goal is $1B higher than Paramount's previous target  —  Paramount Skydance Corp., reporting financial results for the first time since a new investor group took over the media company in August …
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Lucas Manfredi / The Wrap:
Paramount reports streaming business revenue up 17% YoY to $2.17B, driven by a 24% increase in Paramount+ revenue to $1.77B, with 79.1M subscribers globally  —  The media giant's revenue was flat at $6.7 billion, weighed down by declines in TV advertising and distribution
Discussion: Media Play News and TVNewsCheck
Alex Weprin / The Hollywood Reporter:
Paramount releases its first earnings report since the Skydance takeover, posting Q3 revenue of $6.7B and a net loss of $257M; PSKY jumps 5%+ after hours  —  The company is targeting $30 billion in revenue in 2026, Ellison told Wall Street in an investor letter, and is launching a …
Ellise Shafer / Variety:
BBC Chair Samir Shah says the Panorama edit “did give the impression of a direct call for violent action” and apologizes for the “error of judgement”  —  BBC chair Samir Shah has apologized to the U.K. culture, media and sport committee following a scandal around …
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Charlotte Tobitt / Press Gazette:
Trump thanks the Telegraph for “exposing” that BBC Panorama had misleadingly edited his January 6 speech; BBC got a letter threatening legal action from Trump
Max Goldbart / Deadline:
Outgoing BBC News CEO Deborah Turness defends BBC journalists after President Trump called them “corrupt” and “very dishonest people” over an edited documentary
Financial Times:
BBC Chair Samir Shah criticizes a leaked memo by an ex-BBC outside adviser that led to resignations, calling it a “personal account” without the “full picture”
Michael Savage / The Guardian:
BBC DG Tim Davie and BBC News CEO Deborah Turness resign, after the BBC was accused of “serious and systemic” bias on topics like Trump, Gaza, and trans rights
Naman Ramachandran / Variety:
Sony Music reports Q2 revenue up 21% YoY to ~$3.5B, operating income up 28% to ~$749M; Sony Pictures' revenue drops 3% to ~$2.2B, operating income falls to $90M  —  Sony Group Corporation lifted its annual earnings forecast after posting double-digit profit growth for the July-September quarter …
Discussion: Deadline
CNN:
President Trump asks SCOTUS to toss the $5M civil case that found he sexually abused and defamed E. Jean Carroll, after an appeals court denied review in June  —  President Donald Trump on Monday asked the US Supreme Court to review the $5 million civil case that found he sexually abused and defamed magazine columnist E. Jean Carroll.
Charlotte Tobitt / Press Gazette:
Reach agrees to pay “substantial damages” to Bob Vylan frontman Pascal Robinson after the Manchester Evening News wrongly reported he performed Nazi salutes  —  Reach publication wrongly stated Pascale Robinson had performed Nazi salutes on stage.
Discussion: CMU
Colin Kirkland / MediaPost:
TikTok and iHeartMedia partner for the TikTok Podcast Network, with up to 25 new podcasts by TikTok creators focusing on lifestyle, personal stories, and more  —  Building on a strategic partnership that brought TikTok creators to the stage, iHeartMedia — an audio-first media company …
 
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 More News: 
John Koblin / New York Times:
How South Park's creators found success with a season full of attacks on Trump; Nielsen says viewership over the past four months is more than double 2023
Mia Sato / The Verge:
Patreon launches Quips, short tweet-like posts that serve as previews to content behind paywalls, and adds tools for content creators to collaborate on posts
Discussion: Patreon Help Center and Engadget
Max Tani / Semafor:
Sources: Axel Springer CEO Mathias Döpfner is looking for big acquisitions, including talking to Bari Weiss earlier this year about acquiring The Free Press
 Earlier Picks: 
Catherine Perloff / The Information:
BuzzFeed reports Q3 revenue down 17% YoY to $55.6M, as its ad, content, and commerce businesses fall; time spent fell 17% YoY to 68.5M hours; BZFD falls 30%+
Discussion: BuzzFeed
Reuters:
An analysis details how right-wing influencers and Trump officials have formed a powerful alliance to target critics, spread false claims, and reshape media
 

 
From Techmeme:

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

A.J. Vicens / Reuters:
US and Canadian authorities warn that Chinese hackers are using the Brickstorm malware to install backdoor access within unnamed government and IT entities

Casey Newton / Platformer:
A look back at five years of Meta's Oversight Board, whose rulings on the relatively small number of cases it hears have generally had limited impact
 
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