Top News:
Brian Stelter / CNN:
Paramount Skydance CEO David Ellison visited CBS News early Thursday, expressing admiration for the news division and acknowledging recent stresses — Control of Paramount, the legendary but troubled TV and movie maker, shifted to Silicon Valley scion David Ellison on Thursday …
Discussion:
Paramount, Poynter, Deadline, UPI, @loudmouthjulia, The Information, Vanity Fair, The Hollywood Reporter, Slate, New York Sun, HuffPost, StreamTV Insider, The Independent, Business Insider, TVNewsCheck, New York Post, Deadline, @brianstelter.bsky.social, Reuters, New York Times, The Ankler and Status
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Erik Hayden / The Hollywood Reporter:
In a press conference, Paramount Skydance execs emphasize better tech, deflect questions on recent controversies, and put off layoff questions until November
Discussion:
Status, TV Tonight, Advanced Television, NewsMax.com, Deadline, Deadline, The Guardian, Business Insider, Deadline, Deadline and The Information
Jill Goldsmith / Deadline:
Paramount CEO David Ellison outlines the new company's plans, including a reorganization into three business units: Studios, Direct-to-Consumer, and TV Media
Discussion:
MediaPost, The Wrap, Variety and TVNewsCheck
Alex Weprin / The Hollywood Reporter:
SEC filing: Paramount Skydance CEO David Ellison and President Jeff Shell will get paid no less than $3.5M per year and have bonus targets of $1.5M per year
Discussion:
Paramount Skydance, Puck, Los Angeles Times, TVNewsCheck, Variety, @edgarallandoh.bsky.social, Deadline, The Wrap and Variety
New York Times:
Paramount and Skydance's $8B merger closes, giving Paramount stronger financial wherewithal and ending a tortuous process that has lasted well over a year
Discussion:
Decode TV, TrekMovie.com, BMI, CNN, @dylanbyers, Paramount Skydance Corporation, @benmullin, The Independent, The Verge, Fox Business, The Wrap, Associated Press, Scotty Eagleton on LinkedIn, Deadline, Yvette Moyo on LinkedIn, Screen, Sports Business Journal, TMZ.com, Reuters, Mediaite, The Streamable, TheDesk.net, IndieWire, Variety and Business Insider
Katcy Stephan / Variety:
Disney and Lucasfilm settle with Gina Carano, who sued for discrimination over her firing from The Mandalorian after she shared controversial social media posts — Lucasfilm and the Walt Disney Company have reached a mutual agreement in their legal dispute with Gina Carano following her firing from “The Mandalorian.”
Discussion:
The Hollywood Reporter, Forbes, Wall Street Journal, TVNewsCheck, Mirror, Blaze Media, ZeroHedge News, Associated Press, Rolling Stone, Collider, Hollywood Life, The Hollywood Gossip, Dexerto, WPXI-TV, The A.V. Club, NME, Daily Mail, PinkNews, NBC News, Daily Disney News, World of Reel, Daily Caller News Foundation, The Guardian, National Review, HotAir, Business Insider, RedState, Fox Business, Comic Book, Polygon, TMZ.com, Reuters, New York Post, Bleeding Cool News, twitchy.com, The Wrap, Entertainment Weekly, That Park Place, New York Times, Ace of Spades HQ, Reclaim The Net, @jadpeanut.bsky.social, Screen Rant, Deadline, Cord Cutters News, FemaleFirst, Gizmodo, CBS News, New York Daily News, Full Feed, Bloomberg, TVLine, The Post Millennial and Just Jared
Alex Weprin / The Hollywood Reporter:
Byron Allen's Allen Media Group agrees to sell 10 local TV stations, mostly in the South and Midwest, to Gray Media in a $171M deal expected to close in Q4 — The mogul put his stations on the market back in June. … The comedian turned media mogul's company Allen Media Group …
Discussion:
Radio & Television …, Variety, The Wrap, Deadline, @ellenenders.bsky.social, Gray Media and al.com
Jesse Whittock / Deadline:
RTL Group reports H1 revenue down 3% YoY to €2.78B, vs. €2.83B est., Fremantle revenue down 5% to €905M due to lower revenue from the US and “phasing effects” — Got Talent producer Fremantle has seen its half-year revenue fall 5.4%, as parent RTL posted …
Discussion:
TVNewsCheck, Reuters, Broadcast, Decode TV, Advanced Television, Broadband TV News, Variety and RTL Group
Chris Roush / Talking Biz News:
Memo: in H1 2025, Bloomberg Media revenue grew 7% YoY, cross-platform audience grew 6%, subscriptions revenue rose 8%, paying subscribers rose by ~100K to 660K+ — Bloomberg Media CEO Karen Saltser sent the following memo to Bloomberg Media employees: — Team,
Discussion:
Press Gazette and MediaPost
Kayla Cobb / The Wrap:
AMC Networks reports Q2 revenue down 4% YoY to $600M, vs. $555M est., domestic advertising revenue down 18% to $123M, and streaming revenue up 12% to $169M — Streaming revenue increased to $169 million for the quarter due to an AMC+ price increase — AMC Networks reported a 4% year …
Discussion:
Advanced Television, Variety, Deadline, Benzinga, Media Play News, AMC Networks Inc., The Hollywood Reporter and Cord Cutters News
Alice Brooker / Press Gazette:
How Australian men's lifestyle publisher Man of Many is countering a decline in Google referral traffic, through a registration wall, podcasts, and newsletters — Australian men's lifestyle publisher Man of Many has launched a registration wall, new podcasts and newsletters to combat a decline in Google referral traffic.
John Volk / Local News Initiative:
FOIA docs: Illinois news entities operating 120 outlets are receiving a combined $4M in 2025 state tax credits under a new law for employing local journalists — Forty Illinois local news entities operating 120 outlets are receiving $4 million in state tax credits under a new law designed …
Discussion:
Steven Waldman on LinkedIn, Tim Franklin on LinkedIn and Newser
Angie Orellana Hernandez / Washington Post:
Stanford's student newspaper and two former students sue the Trump administration, saying arrests and deportation attempts against students hinder free speech — The lawsuit challenges Secretary of State Marco Rubio's ability to revoke student visas and deem an individual deportable based on the content of their speech.
Vox Media Union:
Vox Media's union says 15 members working at Eater were told without warning that their jobs were being cut, eliminating roughly a third of Eater's union jobs — Vox Media Union statement on today's devastating round of layoffs at Eater. We stand with all of our wonderful colleagues. #solidarityforever #unionstrong #1u [image]
Discussion:
@drewkerr, @dylanbyers, @alvinsdream.bsky.social, @darcyjamesargue.com, @funkelly.bsky.social, @bastein410.bsky.social, @coachfinstock.bsky.social, @jlrmarin.bsky.social, @ryansutton.bsky.social, @lancehartz.bsky.social, @jlrmarin.bsky.social, @arjun.bsky.social, @inkydojikko.bsky.social, @dougmessel.com, @bookshop.bsky.social, @nymagunion.bsky.social, @welch.bsky.social, @slateunion.bsky.social, @mattufford.bsky.social, @vicmsong.bsky.social, @wgaeast.bsky.social, @sethrosenthal.bsky.social, @miasato.bsky.social and @aemccarthy.bsky.social
Francesca Ebel / Washington Post:
Mzia Amaghlobeli, a prominent independent journalist in the country of Georgia, was sentenced to two years in prison for slapping a police officer at a protest — Mzia Amaghlobeli, the founder of two media outlets, had slapped a police officer at an anti-government protest …
Discussion:
The Independent, @houseforeign.bsky.social, @holminjone.bsky.social, Politico, Associated Press and JURISTnews
Etan Vlessing / The Hollywood Reporter:
Lionsgate reports Q1 studio revenue down 6% YoY to $556M, above est., motion picture revenue down 24% to $267.3M, and TV production revenue up 20% to $288.5M — The newly single Hollywood studio saw overall revenues fall to $556 million, compared to a year-earlier $590.7 million.
Discussion:
The Wrap, Variety, TheDesk.net, investors.lionsgate.com, Media Play News and Deadline
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