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4:35 PM ET, August 15, 2022

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 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 to make The CW 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 …
Wall Street Journal:
Walmart partners with Paramount to include the $4.99/month ad-supported tier of the Paramount+ streaming service as part of its Walmart+ subscription  —  Paramount+ shows will be part of perks retailer offers subscribers to Walmart+ membership program  —  Walmart Inc. WMT 0.23%▲ …
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.
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 …
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
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.
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.
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.
Etan Vlessing / The Hollywood Reporter:
Canadian broadcaster CTV's chief news anchor Lisa LaFlamme says she has been forced out of the network; CTV parent Bell Media cites “changing viewer habits”  —  LaFlamme announced on her Twitter account that Bell Media had made a “business decision” to replace her with Omar Sachedina as host of ‘CTV National News.’
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  —  On Thursday's Tucker Carlson Tonight, guest host Brian Kilmeade showed a clearly photoshopped image of U.S. Magistrate Judge Bruce Reinhart …
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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”
 
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 More News: 
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
 Earlier Picks: 
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
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