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12:15 PM ET, August 5, 2025

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 Top News: 
Alex Weprin / The Hollywood Reporter:
Fox reports Q4 revenue up 6% YoY to $3.29B, ad revenue up 7% YoY to $1.1B, driven by Tubi and Fox News, and a net income of $719M, up from $320M in Q4 2024  —  The company saw revenues rise across the board in tis fiscal Q4 quarter, as it prepares to launch its Fox One streaming service.
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Brian Steinberg / Variety:
Fox CEO Lachlan Murdoch says Fox One, a streaming service offering NFL and MLB games, Fox News programs, and more, will debut August 21 at $19.99 per month  —  The new broadband outlet, a venue that offers Fox Corp.'s Sunday-afternoon NFL games and post-season MLB play along with Fox News programs and more …
Rebecca Falconer / Axios:
Court filing: Trump and Rupert Murdoch agree to postpone Murdoch's deposition in the Epstein letter libel suit until after a ruling on the WSJ's dismissal case  —  President Trump and Rupert Murdoch reached a deal Monday to postpone the media mogul's deposition in a libel lawsuit related …
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Alex Weprin / The Hollywood Reporter:
David Ellison names Paramount Global's senior leadership team, appointing himself as CEO, Jeff Shell as president, and RedBird Capital's Andy Gordon as COO
John Herrman / New York Magazine:
Search-engine optimization feels dated as marketers look to generative-engine optimization, or GEO, which focuses on tricking AI chatbots rather than Google  —  Search-engine optimization now feels dated.  Generative-engine optimization is all about trying to trick AI chatbots.
Jon Blistein / Rolling Stone:
A Parkland shooting victim's parents created an AI version of their late son to speak about gun safety, starting with an interview with journalist Jim Acosta  —  AI-generated Joaquin Oliver, which was created by his parents, discussed gun control measures and movies in a new interview
Kelly Lawler / USA Today:
Roku launches Howdy, an ad-free streaming service for $2.99 per month, initially only on Roku devices, with content from Lionsgate, WBD, FilmRise, and others  —  Roku is ready to say Howdy.  —  The company − which sells set-top streaming devices, smart TVs and has its own free …
Jay Peters / The Verge:
IGN lays off staff, including eight members of the IGN Creators Guild, representing 12% of the bargaining unit, as parent company Ziff Davis cuts costs  —  The ‘perplexing’ cuts laid off eight employees at IGN. … Ziff Davis-owned IGN Entertainment has laid off staff, including eight members of the IGN Creators Guild.
Max Goldbart / Deadline:
BAFTA changes its rules to let all 6,000 members vote in the international TV category; the 2026 TV awards are set for May 10, and the craft awards for April 26  —  BAFTA has tweaked its international TV category so that all of its 6,000 members are allowed to determine the nominations and winners.
Josh Axelrod / Nieman Lab:
How some news organizations are using AI models powered by retrieval-augmented generation to surface the most newsworthy elements from very large datasets  —  “If we sit on the sideline and observe, I think the risk is too high that we are gonna be left behind.”
Ben Strauss / Washington Post:
A profile of Katie Feeney, an influencer and a rising star in sports media with 8M TikTok followers, as ESPN hires her to appear across its social channels  —  Chasing content from the Rose Bowl to the red carpet with a 22-year-old influencer and rising media star.  —  LOS ANGELES — Katie Feeney's hand was shaking.
Scott Nover / Washington Post:
Filing: VOA Director Michael Abramowitz has been fired after refusing what he called an “illegal” reassignment to run a broadcasting station in North Carolina  —  Kari Lake tried to dispatch Michael Abramowitz to North Carolina.  When he refused, she fired him.
 
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Jonathan Stempel / Reuters:
A federal judge dismisses a defamation lawsuit by Devin Nunes against NBCU over a comment by Rachel Maddow about his dealings with a suspected Russian agent
Sarah Perez / TechCrunch:
Elon Musk says Vine's video archive is being brought back, and xAI's newly launched Grok Imagine, available to X Premium+ subscribers, is “AI Vine”
Sara Fischer / Axios:
The New York Post plans to launch a daily Los Angeles-based newspaper called The California Post in early 2026, with News Corp veteran Nick Papps as EIC
 

 
From Techmeme:

Kurt Wagner / Bloomberg:
Sources: Meta is considering deep budget cuts to its metaverse efforts in 2026, potentially as high as 30% and most likely including layoffs as early as January

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

Will Oremus / Washington Post:
Two studies suggest AI chatbots can shift political views more effectively than TV campaign ads, especially by presenting many claims, regardless of accuracy
 
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