media-and-business4.56 min read
Thompson to Lead CNN as Paramount Skydance Merger Closes
7 days ago•Source: The Guardian
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18.115 min•10 days ago
Skydance Merger Closes Next Week as Ellison Fires Warner Bros. Heads and Confirms 'Barbie 2'
David Ellison has officially named the combined Paramount and Warner Bros. Discovery entity 'Skydance,' with the merger set to close next week. The new corporate structure will preserve legacy brands while centralizing leadership under Ellison and co-CEO Ynon Kreiz. Key executive departures, including Warner Bros. Motion Picture Group heads Pamela Abdy and Michael De Luca, have been confirmed, and plans for a 'Barbie 2' sequel are advancing despite previous cost concerns.
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Paramount settles antitrust suit, securing control of CNN with new oversight board
Nieman Lab•20 days ago
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Jasper Wang Abandoned High-Paying Consulting Role to Co-Found Defector After Deadspin Collapse
Jasper Wang left a lucrative corporate consulting career to help launch Defector, a writer-owned media company, after the collapse of Deadspin. He connected with unemployed writers, leading to the creation of a new independent outlet that has operated for six years.
Rupert Murdoch's Succession Plan Thwarted by Court Ruling
A Nevada commissioner has ruled against Rupert Murdoch's attempt to alter his family trust to ensure his eldest son, Lachlan Murdoch, would control the family's media empire. This decision means the empire will be equally divided among Murdoch's four oldest children, who have differing ideological views. The ruling follows a closed-door trial where Murdoch and Lachlan were found to have acted in "bad faith." Rupert Murdoch plans to appeal the decision.
Ramaswamy Pushes BuzzFeed for Conservative Hires and Job Cuts
Vivek Ramaswamy, who now owns 8.4% of BuzzFeed, has urged the company to cut staff, hire conservative commentators, and shift its strategy towards video and audio. BuzzFeed CEO Jonah Peretti responded by rejecting these proposals, emphasizing the company's commitment to its current journalistic standards. Shares in BuzzFeed rose 8% following the news.
Vice Media to Close Website, Lay Off Hundreds
Vice Media, known for its edgy content, will cease publishing new content on its flagship website and lay off several hundred staff as part of a strategic shift to partner with other media companies. The move reflects the broader struggles of news outlets in the digital era, with traditional and digital media alike facing challenges in finding a viable business model. This comes amid a wave of job cuts in the industry, with Vice's rivals like BuzzFeed News and Jezebel shutting down last year, and layoffs announced at other major media outlets.