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2:30 PM ET, August 15, 2022

Mediagazer

 Top News: 
Dade Hayes / Deadline:
Nexstar plans to buy a 75% stake in The CW from Paramount Global and Warner Bros. Discovery, both of which will retain 12.5% stakes and supply scripted content  —  The CW is about to enter a new ownership era, as local TV giant Nexstar Media Group has confirmed a pending deal to acquire …
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Dade Hayes / Deadline:
Nexstar will absorb The CW's debt but won't pay any cash or stock up front for its stake and wants make the network profitable by 2025, partly through cost cuts  —  As it transitions to new ownership, the CW will likely not look dramatically different in the near term, but Nexstar Media Group intends …
Richard Howorth / New York Times:
A Mississippi indie bookseller on the proposed Penguin Random House-Simon & Schuster merger, as the industry increasingly favors best sellers over new writers  —  OXFORD, Miss. — Penguin Random House, the largest English-language trade book publisher in the world, has made an offer …
Jeremy W. Peters / New York Times:
Sources: Rupert and Lachlan Murdoch are expected to sit for depositions as soon as this month in Dominion's suit against Fox, and there were no settlement talks  —  The suit, filed by Dominion Voting Systems, could be one of the most consequential First Amendment cases in a generation.
Ivan Mehta / TechCrunch:
Snap says its Snapchat+ subscription, launched in June, now has 1M+ users globally and adds features, including priority Story replies to celebs  —  Snap said today that the company's paid subscription plan Snapchat+, which launched in June, now has more than 1 million users across the globe.
Lorenzo Franceschi-Bicchierai / VICE:
Hacker conference DEF CON permanently bans OANN for violating its privacy policy by “repeatedly taking photo and video showing people's faces” without consent  —  Organizers said OAN journalists violated the conference's privacy policy.  —  Lorenzo Franceschi-Bicchierai
Mark Gurman / Bloomberg:
Sources: Apple ads team lead Todd Teresi now reports directly to Eddy Cue and wants to increase the group's ad revenues from $4B per year to double digits  —  Apple is set to expand ads to new areas of your iPhone and iPad in search of its next big revenue driver.
Lesley Goldberg / The Hollywood Reporter:
Casey Bloys' HBO Max and HBO group lays off ~14% or ~70 staff, impacting reality, casting, international, and acquisitions units, as part of leadership changes  —  An estimated 70 staffers have been let go as Sarah Aubrey adds international but loses comedy oversight.
Pamela McClintock / The Hollywood Reporter:
Discussion: Variety, Collider and Deadline
Reuters:
Unity Software rejects AppLovin's $17.54B all-stock takeover offer, saying it would proceed with its deal to acquire ironSource for $4.4B in stock  —  Gaming software maker Unity Software Inc (U.N) on Monday rejected AppLovin Corp's (APP.O) $17.54 billion takeover offer and said it would go ahead …
Sarah Krouse / Wall Street Journal:
Antenna: 19% of US streaming users canceled 3+ subscriptions from June 2020-June 2022; average monthly customer defections were 5.46% in July, up from 4.46% YoY  —  Customer loyalty to Netflix, Hulu, HBO Max and other services declines amid stiffer competition  —  Netflix Hit a Subscriber Peak, Here's How It Plans to Keep Growing
The Wrap:
Brian Kilmeade tries to portray Fox News airing an altered image of the Mar-a-Lago search judge as a joke, saying that “we were showing a meme in jest”  —  Fox News host Brian Kilmeade has taken to social media in an effort to clean up the mess that was made Thursday night …
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Stephen Proctor / Yahoo Entertainment:
Fox News' Brian Kilmeade showed on air an altered image depicting the judge who signed off on the Mar-a-Lago search grafted over an image of Jeffrey Epstein
 
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 More News: 
Luiz Romero / PolitiFact:
A review of 380 fact-checks published by purported fact-checking service War on Fakes shows how the format is being used to spread pro-Russia propaganda
Jim Waterson / The Guardian:
Sources: the Daily Mail has approached Boris Johnson about writing a column for the paper after he steps down as prime minister
 Earlier Picks: 
Wall Street Journal:
Sources: YouTube plans to launch a “channel store” for streaming services as early as Fall 2022 and is talking with partners about subscription revenue sharing
Angela Fu / Poynter:
At least 20 Gannett newspapers executed layoffs on Friday, after dismal Q2 earnings; the NewsGuild has called on Gannett to cut executive pay instead of jobs
Brian Welk / The Wrap:
Jeffrey Toobin leaves CNN after 20 years as a legal analyst and writer; CNN placed Toobin on leave in 2020 after he acknowledged exposing himself on a Zoom call