Top News:
Samuel Stolton / Bloomberg:
The European Commission grants conditional approval for Paramount's WBD acquisition as long as Paramount ends its EU distribution deal with Universal Pictures — Paramount Skydance Corp.'s $110 billion takeover of Warner Bros. Discovery Inc. won conditional approval from the European Union …
Discussion:
The Wrap, New York Post, European Commission, Variety, Media Play News, Joe.My.God., The Guardian, Associated Press, Washington Examiner, Forbes, Los Angeles Times, The Hollywood Reporter, Screen, Blockonomi, Euronews, CNBC, Reuters, Türkiye Today, Deadline, eMarketer, GSMArena.com, The Streamable and Broadband TV News
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Variety:
WGA seeks an injunction to bar Paramount and WBD from “closing or consummating” their merger or “taking any steps to integrate or consolidate their operations” — Union's legal move comes after 12 state attorneys general won a temporary restraining order pausing megadeal
Discussion:
Deadline, Bloomberg, The Wrap, @wgaeast.bsky.social, Media Play News, ByteHaven and The Movie Blog
CJ Haddad / CNBC:
Reddit's stock closed down 8.32% after a report that the company was considering ending Google's access to its content for AI training; RDDT is down ~26% YTD — Shares of Reddit slid 9% on Wednesday after the Wall Street Journal reported the company has discussed shutting off Google's access …
Discussion:
MediaPost, International Business Times, Blockonomi, Barchart.com, Benzinga, GoNintendo and Simply Wall St, more at Techmeme »
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Charlotte Tobitt / Press Gazette:
How major publishers in the UK are pivoting away from quantity of content towards quality as Google AI changes lead to falling traffic referrals — Hearst UK is publishing less articles but “more effective” content overall by asking journalists to explain why they are producing every piece.
Discussion:
Search Engine Land and Glenn Gabe on LinkedIn
Alexandra Bruell / Wall Street Journal:
Sources: Reddit, Politico, and others mull cutting Google's access to their content for AI as traffic drops; Reddit signed a $60M/year deal with Google in 2024
Sources: Reddit, Politico, and others mull cutting Google's access to their content for AI as traffic drops; Reddit signed a $60M/year deal with Google in 2024
Discussion:
Adweek, AdNews News, PR Daily, @mikeisaac, Barron's Online, @alexbruell, New York Post, Quartz, Melissa Korn on LinkedIn, Tech Brew, @ryanmews, Will Flannigan on LinkedIn, @mikeparanzino, @roshanjnu, TechSpot, @mikeisaac, The Ankler, @jeffjarvis@mastodon.social, Gizmodo, Eurogamer.net, Techstrong.ai, Unite.AI, Kotaku and Video Game Town
Todd Spangler / Variety:
FCC Chairman Brendan Carr says ABC's decision to not carry Trump's July 16 speech about elections live will be part of its review for ABC-owned station licenses — Are TV broadcasters obligated to carry the U.S. president's comments live on their government-licensed airwaves?
Todd Spangler / Variety:
Alphabet reports YouTube's Q2 ad revenue rose 13% YoY to $11.06B, vs. $10.8B est., and Google's ad revenue reached $81.63B, up from $71.34B in Q2 2025 — Video giant YouTube, one of the world's biggest entertainment businesses, continues to turn in double-digit increases in ad revenue.
Discussion:
TechCrunch, TheDesk.net, New York Times, Thurrott, OloriSuperGal, The Information, Forbes, Wall Street Journal, Quartz, Deadline, Newsmax, Alphabet, StockStory, @philthepill.online, Search Engine Roundtable, Proactiveinvestors UK, Cord Cutters News and The Hollywood Reporter, more at Techmeme »
Josh Gerstein / Politico:
A US judge rules that Trump must turn over detailed financial information of 400+ companies owned by a family trust in his defamation suit against the BBC — MIAMI, Florida- A federal magistrate judge ruled Tuesday that President Donald Trump must turn over detailed financial information …
Discussion:
BBC, New Republic, @kylegriffin1.bsky.social, @crampell.bsky.social, @sonjawest.bsky.social, Staff Stories, New York Sun, @portiamcgonagal.bsky.social, Raw Story, @ariannaciccone.bsky.social, @lolagaylec.bsky.social, @joshgerstein.bsky.social, @brianstelter, The Standard, The Wrap, Mirror, @intruder1500stevie …, Techdirt, GB News, New York Post, Benzinga, NOTUS, @kvconner.bsky.social, The Guardian, NewsMax.com and Bloomberg
David W Fitzsimmons / David Fitzsimmons:
Lee Publishing blocks cartoonist David Fitzsimmons from donating 10K+ cartoons to the University of Arizona by requiring the college to sign a licensing deal — For years, Lee Publishing, owner of The Arizona Daily Star, has been blocking me from donating my professional life's work …
Discussion:
The Daily Cartoonist
State of California:
California's Rob Bonta and a 13-state group challenge the appointment of current and recent Nexstar personnel to Tegna's board, after a preliminary injunction — - Attorney General Bonta to Court: Nexstar/Tegna Violating Co... Contact: (916) 210-6000, agpressoffice@doj.ca.gov
Discussion:
The Wrap, Variety, TheDesk.net, Deadline, @jbflint, @agrobbonta, The Wrap and Cord Cutters News
The Guardian:
A four-month probe reveals that employees of lobbying firm CT Group say they pay journalists to write news pieces favorable to CT clients for UK newspapers — Exclusive: Guardian investigation of CT Group uncovers practice that appears to seek hidden influence over public opinion
Discussion:
@peteapps, @rh_residents, @freeleasehlders, @gabriel_pogrund and @danicapriest
Matthew Keys / TheDesk.net:
Scripps names Dean Littleton president of media, a new position overseeing local stations, national networks, and Scripps News, its streaming news service — The reorganization places 60 local stations, ION, Scripps' multicast and digital networks and Scripps News under one executive.
Discussion:
TV Tech, Blockonomi, TVNewsCheck and Radio & Television …
Barry Schwartz / Search Engine Roundtable:
A US judge dismisses Google's lawsuit against web scraping service SerpApi, saying plain and aggregated search results are not protected under copyright law — Last December, Google sued SerpApi over scraping its search results, and now a court has granted SerpApi's motion to dismiss the case.
