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6:45 PM ET, February 7, 2025

Mediagazer

 Top News: 
Martyn Ziegler / The Times:
Sources: Netflix is expected to bid for the US broadcast rights to Formula 1 starting from the 2026 season; ESPN currently holds the rights under a $90M deal  —  Streaming platform looking to capitalise on success of Drive to Survive series in America with their first attempt to secure season-long mainstream sports rights
Axios:
Email: the White House orders the GSA to terminate “every single media contract” expensed by the agency and all contracts for Politico, BBC, E&E, and Bloomberg  —  - The discovery, made through a U.S. government spending database that has long been publicly available …
RELATED:
Politico:
Politico's EIC and CEO say the company has never received any government funding, and agencies that subscribe to Politico Pro do so through standard processes
Isabella Kwai / New York Times:
Trump amplifies a conspiracy theory that “billions” in USAID and other agencies' funds were stolen to pay Politico and others for positive coverage of Democrats
Jason Schreier / Bloomberg:
WBD took $300M in gaming writedowns in 2024; current and former staff blame a lack of a strong, cohesive vision during former games chief David Haddad's tenure  —  Last year, Warner Bros. Discovery took $300 million in losses on gaming.  The near future is rife with additional challenges.
Ben Beaumont-Thomas / The Guardian:
Netflix will not release a nine-hour documentary about Prince after the company and the artist's estate came to a “mutual agreement”  —  Nine-hour film will not be seen, after ‘mutual agreement’ between estate and Netflix, with estate announcing plans for its own film
Georg Szalai / The Hollywood Reporter:
Memo: ahead of its Skydance merger, Paramount Global pauses some major events in 2025, including MTV EMAs, to “reimagine and optimize” the events slate  —  “We look to reimagine and optimize our events slate going forward,” reads a staff memo obtained by THR.
Katie Campione / Deadline:
Samba TV: in H2 2024, 43% of total SVOD subscribers had an ad-supported plan; 56% of new subscribers chose an ad tier, including 78% of new Peacock subscribers  —  In the second half of 2024, 43% of total SVOD subscribers had an ad-supported plan.  The share is increasing …
Discussion: TVNewsCheck, @deadline and TV Tech
Anthony D'Alessandro / Deadline:
Sources: Amazon MGM Studios plans to launch an international theatrical distribution arm; its foreign output deal with Warner Bros. stops at the end of 2025  —  The studio's current foreign theatrical output deal with Warner Bros. ends at the end of this year.
Discussion: The Wrap
Hearst:
Hearst is rolling out AURA, its first-party ad targeting tool, to the UK, Italy, the Netherlands, and Spain, after a US launch eight months ago  —  The announcement was made by Hearst Magazines President Debi Chirichella and Global Chief Revenue Officer Lisa Ryan Howard.
Financial Times:
Leaders in Russia, Hungary, and more applaud USAID's funding freeze affecting independent news outlets; the 2025 US foreign aid budget included $268M for media  —  Independent outlets in former Soviet Union are poised to be hurt by temporary shut down at key US agency
Lara O'Reilly / Business Insider:
X partners with adtech company Magnite to boost programmatic ad sales; Magnite joins Google and PubMatic as official third-party sellers of X's ad inventory  —  - Elon Musk's X is working with the adtech company Magnite to boost programmatic ad sales.  — Magnite is a large supply-side platform …
Jessica Testa / New York Times:
A look at Emily Sundberg's business and culture newsletter, Feed Me, with ~60K subscribers including Matt Levine, Joe Weisenthal, and VC Kirsten Green  —  It took about three minutes for Emily Sundberg to secure an invitation to her first inauguration party in Washington this January.
David Folkenflik / NPR:
A look at Trump's assault on CBS, and more broadly, how he and allies seek to pressure the media to punish it and to inhibit its ability to check the president  —  The television news magazine 60 Minutes — the most storied and profitable show in the history of CBS News …
RELATED:
Brian Steinberg / Variety:
Trump calls on CBS to “terminate” 60 Minutes, and says “CBS should lose its license”, amid his $10B lawsuit against CBS over the Kamala Harris interview
 
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 More News: 
Matthew Kassel / Jewish Insider:
Sources: CNN's contract to expand in Qatar includes Qatar compensating CNN several million dollars a year; CNN: editorial content is “entirely independent”
Christopher Palmeri / Bloomberg:
A California state court issues a temporary restraining order stopping Sony from taking Jeopardy! and Wheel of Fortune distribution rights away from CBS
 Earlier Picks: 
Todd Spangler / Variety:
Amazon reports Q4 ad revenue up 18% YoY to $17.29B, vs. $17.4B est., and subscription services revenue up 10% YoY to $11.51B