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8:25 PM ET, August 8, 2025

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 Top News: 
Brian Stelter / CNN:
Paramount Skydance CEO David Ellison praises South Park creators, noting the show's profitability for Paramount, even as the show mercilessly skewers Trump  —  Paramount's new CEO doesn't seem to think he has a “South Park” problem.  —  Rather, David Ellison sees the animated show as part …
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Matt Novak / Gizmodo:
FCC Commissioner Anna Gomez says Paramount-Skydance agreed to “never-before-seen forms of government control over newsroom decisions” through a “truth arbiter”  —  Anna Gomez says the new company is “born in shame.” … It's official.
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
Brian Stelter / CNN:
Paramount Skydance CEO David Ellison visited CBS News early Thursday, expressing admiration for the news division and acknowledging recent stresses
Wall Street Journal:
Sources: Nexstar, which owns or partners with over 200 TV stations, is in advanced talks to acquire Tegna, which has 64 TV stations; TGNA rises 30%+ after hours  —  A deal between Nexstar and Tegna could be a litmus test for the FCC's deregulation push
Stuart Dredge / Music Ally:
A district court judge throws out SoundExchange's 2023 suit against SiriusXM, which had argued SoundExchange doesn't have the right to litigate royalty disputes  —  - Click to email a link to a friend (Opens in new window) Email  —  Two years ago, SoundExchange sued US satellite-radio firm SiriusXM …
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 …
GB News:
GB News launches on Truth+, Trump Media's streaming TV platform, as part of the free basic package  —  GB News has today embarked on an exciting new venture in the US after launching onto Truth+.  —  The sister platform to Truth Social announced today that it has added the People's Channel to Truth+ …
Peter White / Deadline:
Stephen Colbert, whose late show is scheduled to end on CBS in May 2026, directly pitches Netflix and Amazon during his last show before a summer break  —  The Late Show with Stephen Colbert is ending in May but the host is already courting new employers.  —  Colbert, who is off for a few weeks …
Ashley Belanger / Ars Technica:
Two tech groups are backing Anthropic's appeal of a court ruling allowing a copyright class action, saying potential big settlements could chill AI investment  —  AI industry groups are urging an appeals court to block what they say is the largest copyright class action ever certified.
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 …
 
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 More News: 
Ryan Vlastelica / Bloomberg:
Trade Desk's stock drops 35%+ after the company's latest earnings and projections heightened concerns about its growth prospects amid Amazon's ad-tech threat
 Earlier Picks: 
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
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
 

 
From Techmeme:

Bailey Lipschultz / Bloomberg:
Filing: SpaceX aims to raise $75B in its IPO, selling 555.6M shares at $135 each, which would value the company at almost $1.77T

Katherine Blunt / Wall Street Journal:
Google sold $35B in stock in its equity raise this week, up from its planned $30B and taking its total funding to $85B; a source says it contacted ~75 investors

Brendan Bordelon / Politico:
OpenAI diverges from Trump's AI EO in a new policy paper, proposing cyber risk evaluations for advanced AI systems be mandatory and led by CAISI, not the NSA
 
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