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12:30 PM ET, July 14, 2026

Mediagazer

 Top News: 
Naman Ramachandran / Variety:
BBC DG Matt Brittin says the BBC and UK public service broadcasting face “real jeopardy” as license fee erosion drives BBC's third consecutive annual deficit  —  The BBC closed out a year that included its most-watched title in “The Celebrity Traitors” and its best drama debut in three years with …
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Max Goldbart / Deadline:
The BBC reports license fee payers fell 539K YoY to 23.3M in 2025-26, the biggest fall since 2020-21; license fee income rose £36M to £3.9B after the fee uplift  —  The number of households paying the BBC license fee plummeted last year at a time when the corporation is desperately seeking a revamp of its funding model.
Naman Ramachandran / Variety:
BBC Commercial reports 2025-26 revenue flat YoY at £2.2B, EBITDA up 17% to £267M, £377M returned to BBC, down from £391M; DTC and consumer products drove growth
Steven McIntosh / BBC:
Scott Mills was the highest-paid BBC presenter in 2025-26, earning ~£745K before his exit in March, followed by Greg James, Stephen Nolan, and Laura Kuenssberg
Lillian Rizzo / CNBC:
Paramount's lead trial counsel says the company is still aiming to close the WBD deal by the end of September and is prepared to bring the case to SCOTUS  —  Paramount Skydance is still aiming to close its proposed acquisition of Warner Bros. Discovery by the end of September despite …
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Gene Maddaus / Variety:
A coalition of 12 US states led by California files an antitrust lawsuit to block Paramount's WBD merger, alleging it lessens competition in three markets
Dade Hayes / Deadline:
Paramount says US states' lawsuit “reflects a fundamentally flawed application of the antitrust laws” and the delay “will only harm entertainment workers”
Variety:
Sources: David Ellison has, for several months, been meeting about a bill to launch a US federal film tax incentive, which is said to have bipartisan support
Ted Johnson / Deadline:
State AGs file a motion for a temporary restraining order and preliminary injunction to pause Paramount's WBD merger, pending the state AGs' antitrust lawsuit
Robert D. McFadden / New York Times:
Pulitzer-winning political cartoonist Pat Oliphant, 90, has died in Santa Fe, NM; at the height of his career, he was syndicated in as many as 500 newspapers  —  The winner of countless awards, including a Pulitzer Prize, he was described in 1990 as “the most influential political cartoonist now working.”
Hannah Miller / Bloomberg:
Thomson Reuters agrees to sell a 51% stake in its legal and tax publishing business to KKR for $500M, but will keep editorial control of its content portfolio  —  Thomson Reuters Corp. agreed to sell a 51% stake in its legal and tax publishing business to investment firm KKR & Co. in a $500 million deal.
Reuters:
Thomson Reuters says it is cutting “a small number of” engineering roles; a source says it plans to cut up to 500 jobs, or 5.2% of its operations and tech unit  —  Thomson Reuters (TRI.TO) on Monday said it is cutting “a small number of roles” in engineering …
Ben Strauss / ESPN:
Fox will reportedly make $250M on World Cup hydration break ads alone; the new ad slot may be appealing to European national leagues whose revenue is flat  —  The legacy of this summer's World Cup is not likely to be political interference or referee conspiracies that benefit Lionel Messi.
Discussion: Renew Economy and Awful Announcing
Trishla Ostwal / Adweek:
eMarketer: chatbots like ChatGPT and Google AI Mode will make <$1B in ad revenue in 2026; OpenAI projected $2.5B in ChatGPT ad revenue in 2026 and $100B by 2030  —  OpenAI is projecting $100 billion in ad revenue by 2030.  Emarketer puts the ceiling for the entire chatbot ad market at just $5.41 billion.
Steve Dent / Engadget:
Spotify launches Talk to Spotify, letting users create playlists and more via voice, rolling out in beta to Premium users age 18+ in the US, Ireland, and Sweden  —  The new beta feature works from the Home or Now Playing views on mobile.  —  Spotify already uses a lot of AI (too much some might say) …
Reuters:
Germany's media regulator says Google's AI Overviews and Perplexity are subject to media law, after a court said Google may be liable for inaccurate AI content  —  Germany's media regulator said on Tuesday that Google's AI Overviews and Perplexity AI are subject to the country's media laws …
Scott Roxborough / The Hollywood Reporter:
RoseBerry Media launches vertical streamer Epis, featuring originals and versions of BBC, Fremantle, and All3Media shows adapted for vertical viewing  —  The premium mobile-first streamer is launching with more than 100 titles, including adapted versions of Fremantle, BBC and All3Media formats.
Discussion: Advanced Television and Deadline
 
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 More News: 
Joe Mandese / MediaPost:
The Media Rating Council's quarterly accreditation status updates show VideoAmp and Nielsen One have pulled out of the accreditation process
Anna Betts / The Guardian:
Pete Hegseth announces that the DOD and DOJ have created a joint taskforce to identify and prosecute “unauthorized disclosure” of information to the press
 Earlier Picks: 
The Guardian:
Christopher Nolan says there's a “disdain” for AI, the idea that it “replaces” human creativity is “nonsense”, and he expects it to be useful in “imaging tools”
Brooks Barnes / New York Times:
Disney says its live-action Moana was set to collect ~$43M at the Box Office over the weekend, below its $60M goal, and just ~$95M worldwide; Moana cost ~$250M
Gautam Malkani / The Guardian:
The Guardian's tech team share their shoe-leather experiences covering AI data centers, as field investigation becomes increasingly important in tech coverage
 

 
From Techmeme:

Demis Hassabis / @demishassabis:
Demis Hassabis proposes a US-based Standards Body for “Frontier-class” AI, modeled after FINRA; labs would share models for review up to 30 days before release

Lauren Feiner / The Verge:
New York Governor Kathy Hochul signs a moratorium blocking new environmental permits for data centers over 50MW for up to one year, the first state to do so

Amy Thomson / Bloomberg:
IBM reports preliminary Q2 revenue up 1% YoY to $17.2B, below $17.9B est., as CEO Arvind Krishna says customers are shifting spending to chips; IBM falls 25%+
 
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