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11:45 AM ET, August 3, 2025

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CPB:
The Corporation for Public Broadcasting announces that it is shutting down following the loss of federal funding  —  The Corporation for Public Broadcasting (CPB) announced today that it will begin an orderly wind-down of its operations following the passage of a federal rescissions package …
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Nnamdi Egwuonwu / NBC News:
The Senate confirms former Fox News host and prosecutor Jeanine Pirro as US attorney for DC; she had been serving in the role on an interim basis since May  —  The vote was along party lines, with all present Democrats voting against Pirro's confirmation.  —  The Senate voted on Saturday …
Emily Baker-White / Forbes:
A profile of Rumble founder Chris Pavlovski, who declined an offer to become CEO of Truth Social and opted to provide services to the platform through Rumble  —  Before he helped run Truth Social, Chris Pavlovski owned porn domains.  Now, he's allied with a political movement that wants to ban pornography.
The Moscow Times:
Derk Sauer, a Dutch media entrepreneur who founded The Moscow Times and later supported Russian journalists in exile, died at 72 from sailing accident injuries  —  Derk Sauer, the Dutch media entrepreneur who founded The Moscow Times, died on Thursday at age 72, his family said in a statement.
BBC:
In the UK, X and Reddit are blocking wide-ranging content, including about parliamentary debates, Ukraine, and Gaza, to comply with the Online Safety Act  —  Social media companies are blocking wide-ranging content - including posts about the wars in Ukraine and Gaza - in an attempt to comply …
Alex Weprin / The Hollywood Reporter:
South Park will be leaving HBO Max on August 5 after Paramount+ secured exclusive global streaming rights; HBO Max has been the US home for the past five years  —  Paramount and Park County had inked a temporary extension with HBO Max while they negotiated a new streaming and overall deal.
Matthew Keys / TheDesk.net:
Block Communications enters into an agreement to sell its entire portfolio of TV stations to Gray Media for $80M; the deal is expected to close in Q4 2025  —  Block Communications has entered into an agreement to sell its entire portfolio of television stations to Gray Media, the companies announced on Friday.
Jill Goldsmith / Deadline:
Paramount reports Q2 revenue up 1% YoY to $6.85B, a $57M profit, vs. a $5.4B loss a year ago, Paramount+ subs down by 1.3M QoQ to 77.7M and revenue up 23% YoY  —  Paramount Global reported its last set of financials under Redstone family ownership with a massive jump in theatrical revenue …
Todd Spangler / Variety:
Apple reports Q3 revenue from Services, which includes the App Store, Apple TV+, and Apple Music, up 13.3% YoY to $27.42B, vs. $26.8B est.  —  Apple continued to drive double-digit growth in its Services business, which increased revenue 13.3% to $27.42 billion for the June 2025 quarter — a new quarterly record.
Jay Peters / The Verge:
Reddit wants to become “a go-to search engine” for users; its core search has 70M+ weekly active unique users and AI-powered Reddit Answers has 6M weekly users  —  CEO Steve Huffman says the company is focused on making the platform a ‘go-to search engine.’
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 More News: 
Aisha Malik / TechCrunch:
Instagram now requires users to have a public account with 1,000+ followers to go live, aligning with TikTok; previously, the feature was open to all users
Anne VanderMey / Bloomberg:
How VCs are changing the way people learn about the tech industry, through a sprawling media ecosystem consisting of podcasts, newsletters, and streaming shows
more at Techmeme »
Todd Spangler / Variety:
Roku reports Q2 revenue up 15% YoY to $1.11B, vs. $1.07B est., a net profit of $10.5M, and Platform segment sales up 18% to $976M
 Earlier Picks: 
Annie Palmer / CNBC:
Amazon reports Q2 ad revenue up 23% YoY to $15.7B, vs. $14.9B est., and subscription services revenue up 12% YoY to $12.2B
Sara Fischer / Axios:
Dotdash Meredith rebrands to People to capitalize on the brand equity of its most popular and recognizable title
Joe Flint / Wall Street Journal:
Fox acquires one-third of Penske Entertainment, owner of the IndyCar Series, sources say for between $125M and $135M; Fox started carrying IndyCar in 2025
 

 
From Techmeme:

Bloomberg:
iRobot files for Chapter 11 bankruptcy and reaches a restructuring agreement to hand over control to its secured lender and main Chinese supplier Shenzhen Picea

Financial Times:
DTCC: credit default swaps tied to a handful of US tech groups have climbed 90% since early September, as investors seek ways to protect against an AI debt bust

Financial Times:
Sources: the UK government wants Apple, Google, and others to block explicit images at the OS level by default to protect kids and have adults verify their ages
 
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