Tag

Media Consolidation

All articles tagged with #media consolidation

technology23 days ago•7 min saved

FCC drops TV ownership cap, ushers in case-by-case merger reviews

The FCC voted 2–1 to eliminate the 39% national TV ownership cap and replace it with case-by-case merger reviews, arguing the change will help local broadcasters invest in news and compete with streaming services. Critics say Congress set the cap and only Congress can alter it, warning the move could boost consolidation and tilt coverage in favor of Trump-aligned owners; the decision is expected to face court challenges amid questions about the FCC’s authority and quadrennial-review constraints.

via Ars Technica|

#brendan-carr #congress #fcc

business23 days ago•3 min saved

FCC Scraps 39% TV Reach Cap, Clearing Path for Bigger Station Groups

The FCC voted 2-1 to repeal the 39% cap on combined reach of U.S. TV households and replace it with a case-by-case approach, a move that could spur consolidation—boosting Nexstar’s bid for Tegna—though critics warn it could harm localism and may face legal challenges.

via NBC News|

#broadcast-television-ownership-cap #business #fcc

politics1 month ago•2 min saved

FCC moves to lift cap on broadcast ownership, reshaping national airwaves

The Federal Communications Commission plans a vote to end the 39% national cap on owning broadcast stations, a move championed by Chair Brendan Carr who argues streaming has rendered the rule obsolete; opponents warn it could harm local journalism and note that only Congress can change the cap, even as the commission has used a one-time waiver to push a Nexstar-Tegna merger, which faces legal challenges.

via The Verge|

#broadcasting #fcc #local-journalism

technology1 month ago•7 min saved

FCC moves to scrap 39% TV cap, reshaping the local-news landscape

The FCC plans to repeal the 39% national TV ownership cap and replace it with case-by-case merger reviews, a move supporters say would modernize rules and critics say would bypass Congress and tilt coverage toward large groups (notably Nexstar/Tegna) and pro‑Trump outlets; Democrats call it unlawful and likely to trigger lawsuits, with a scheduled August 6 vote and ongoing debates over authority, past waivers, and the impact on local journalism.

via Ars Technica|

#fcc #media-consolidation #nexstar

business1 month ago•2 min saved

States move to halt Warner Bros.-Paramount mega-merger over competition fears

A coalition of about a dozen U.S. states led by California has filed suit to block the $110 billion Warner Bros.-Paramount merger, arguing it would stifle competition, raise prices, and give a few studios control over a large share of film and TV content; despite DOJ approval earlier, the states seek an injunction pending judicial review, warning that the deal could reduce bargaining power for theaters and networks and harm consumers.

via BBC|

#antitrust #business #media-consolidation

business2 months ago•5 min saved

Fox-Roku tie-up tightens billionaire control over how Americans access TV

A Fox-Roku deal worth about $22 billion, paired with David Ellison’s bid to merge Paramount with Warner Bros. Discovery, signals a shift toward billionaire-led control of how Americans access streaming content, giving Fox influence over distribution and discovery on Roku’s platform and raising alarms about concentrated gatekeeping and reduced media pluralism.

via Salon.com|

#business #ellison #fox

business2 months ago•17 min saved

Penske Media Forms PMX by Acquiring Vox Brands

Penske Media Corporation has acquired Vox Media’s portfolio of brands, including Eater, The Verge, SB Nation, Popsugar, The Dodo, Punch and Thrillist, to form PMX, the world’s largest digital publisher. Vox’s Ryan Pauley will join PMC as president of PMX Global and the Vox brands will operate autonomously under PMX. The deal expands PMX’s assets to include additional properties like Robb Report, Artforum, Sportico and more, and enhances its live events and first‑party data capabilities. Financial terms were not disclosed.

via Variety|

#business #digital-publishing #media-consolidation

business2 months ago•6 min saved

DOJ OKs Paramount-Warner Merger, Sparking Concerns Over Media Power

The DOJ approved Paramount's $111 billion deal to acquire Warner Bros. Discovery, potentially placing CBS News and CNN under the Ellison family's control and intensifying media consolidation. Critics warn the arrangement could distort news coverage to please the presidency and curb independent journalism, prompting calls for state AGs to challenge the deal amid ongoing concerns about concentration in the media landscape.

via Democracy Now!|

#antitrust #business #ellison-family

entertainment3 months ago•10 min saved

Sebastian Stan: Trump 2.0 Isn’t a Laughing Matter

Sebastian Stan told reporters in Cannes that Trump’s potential second term isn’t a laughing matter, weighing in on the biopic The Apprentice and the current political climate—censorship and media consolidation—while noting the film could stand the test of time as he promotes his new project Fjord.

via HuffPost|

#cannes #donald-trump #entertainment

business3 months ago•16 min saved

Diller: I’d Buy CNN Tonight If the Opportunity Arrived

Barry Diller told the WSJ at the Future of Everything summit that he would buy CNN tonight if the opportunity arose, arguing the network is ripe for innovation but would face a savage cost‑cutting process under Paramount’s deal with Warner Bros. Discovery; he also said he looked very deeply at Vox Media, which is in talks with James Murdoch’s Lupa Systems, and noted his upcoming rebranding of IAC as People Incorporated.

via The Hollywood Reporter|

#barry-diller #business #cnn

business4 months ago•18 min saved

Celebrities Unite Against Paramount-Warner Merger in Open Letter

Over 1,000 Hollywood figures sign an open letter opposing Paramount’s plan to acquire Warner Bros. Discovery, arguing the deal would further concentrate the media landscape, reduce opportunities for creators, raise costs, and limit audience choice; regulators, including California Attorney General Rob Bonta, are weighing action to block it.

via The Hollywood Reporter|

#business #hollywood-signatories #media-consolidation

entertainment4 months ago•481 min saved

Hacks’ Final Run Turns Self-Celebration into a Free-Speech Salvo

Hacks’ final season doubles down on defending free speech and industry critique, reuniting Deb and Ava for a comeback while skewering power and media consolidation, delivering its satire with a warmer, more earnest self-celebration that mirrors its critical acclaim.

via Vulture|

#deborah-vance #entertainment #free-speech

politics5 months ago•17 min saved

Fonda Spearheads DC Rally Defending Free Speech Amid Media Merger Fears

Jane Fonda led a Committee for the First Amendment rally near the Kennedy Center in Washington, D.C., criticizing Trump-era media mergers and warning that consolidation threatens free expression, independent journalism, and access to cultural content, with performers and journalists including Joan Baez and Jim Acosta in attendance.

via Deadline|

#first-amendment #jane-fonda #kennedy-center

business5 months ago•7 min saved

CNN and CBS News Brace for a Cross-Corp Newsroom Under Paramount-WBD Deal

Paramount's $111-billion bid to acquire Warner Bros. Discovery would put CNN and CBS News under a single corporate roof, triggering fears over leadership, editorial direction, and staffing as cost-cutting looms and union issues complicate a joint operation. Insiders warn the deal could reshuffle on-air talent and flagship programs while political dynamics surrounding the networks add further uncertainty.

via Los Angeles Times|

#business #cbs-news #cnn

business5 months ago•17 min saved

Banijay and All3Media Merge to Form Global Production Powerhouse

Banijay and RedBird IMI’s All3Media are merging to create a 50/50 global production banner with estimated 2024 revenues around $6.65 billion. Marco Bassetti will lead as CEO of the new group, Jane Turton will be deputy CEO, and Jeff Zucker will be chairman. The combined library and labels—including Banijay Rights’ tens of thousands of hours and All3Media’s Studio Lambert, The Traitors, Squid Game: The Challenge, and other properties—aim to strengthen scale amid ongoing industry consolidation, with closing expected by fall.

via Variety|

#all3media #banijay #business