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Paramount Weighs Independent Panel to Govern CNN in Warner Pact
business14 days ago

Paramount Weighs Independent Panel to Govern CNN in Warner Pact

Paramount Global and Skydance have discussed forming an independent oversight panel to govern CNN as part of their Warner Bros. Discovery deal, a move intended to reassure stakeholders about CNN’s journalistic independence while weighing potential costs and impact on future synergies. insiders warn the panel could be symbolic or hinder integration, a risk amid antitrust scrutiny and governance debates sparked by Bari Weiss’s role at CBS News.

via Variety|
#business#cnn#media-industry
Fox Blocks NFL From Reworking Its Massive Rights Pact
business20 days ago

Fox Blocks NFL From Reworking Its Massive Rights Pact

Fox CEO Lachlan Murdoch said Fox’s NFL rights deal will remain intact through the 2029 season and won’t be amended, even as the NFL pushes to use an opt-out to refresh terms with partners like Amazon, Disney, NBCUniversal and CBS amid streaming’s rise. Talks with rights holders are ongoing, and Fox says its relationship with the NFL remains positive, with negotiations likely to restart closer to the current pact’s expiration.

via variety.com|
#business#fox-corporation#media-industry
Ellison defends Paramount-Warner mega-merger in NYT op-ed amid antitrust battles
business20 days ago

Ellison defends Paramount-Warner mega-merger in NYT op-ed amid antitrust battles

Paramount CEO David Ellison publicly defends the $110 billion Paramount-Warner Bros. Discovery merger in a New York Times op-ed, rejecting claims it would consolidate control or threaten newsroom independence. He argues the merged company would hold less than 20% of US TV viewing (about 13% when accounting for YouTube) amid competition from Netflix, Amazon and Apple, and pledges substantial content investment—30 theatrical films and 170 TV series annually backed by over $30 billion. The deal faces antitrust lawsuits from 12 state attorneys general and the WGA; DOJ and some international regulators have approved it, but domestic progress is paused with the trial rescheduled for March 2, 2027.

via BBC|
#antitrust#business#david-ellison
Ellison frames Warner Bros. bid as political, not market-share battle
business22 days ago

Ellison frames Warner Bros. bid as political, not market-share battle

Paramount Skydance CEO David Ellison defended his bid to buy Warner Bros. Discovery in a New York Times op-ed, arguing that Democratic state attorneys general pursue the case due to misperceptions about his politics and his stewardship of CNN, and insisting the fight is about more than market share. He also notes he has voted for both Democrats and Republicans and holds a mix of liberal and conservative values.

via The Washington Post|
#business#cnn#david-ellison
Trevor Phillips Bets on Bari Weiss’s High-Stakes CBS Reboot
business22 days ago

Trevor Phillips Bets on Bari Weiss’s High-Stakes CBS Reboot

Incoming CBS News Senior Global Affairs Correspondent Trevor Phillips, formerly of Sky News, says Bari Weiss faces a high-stakes turnaround at CBS and could either transform the network or crash dramatically. He notes Weiss’s aim for heterodox voices and a pioneering approach amid ongoing network turmoil, including pulled segments, layoffs, and weak ratings, while sharing some of his own controversial views.

via A.V. Club|
#bari-weiss#business#cbs-news
Ex-60 Minutes Alums Eye Independent Streaming News Venture
media23 days ago

Ex-60 Minutes Alums Eye Independent Streaming News Venture

Reports suggest ousted 60 Minutes staff, led by former EP Bill Owens, are exploring raising funds to launch a standalone news program for streaming, possibly with former correspondents like Scott Pelley and Sharyn Alfonsi, with a suggested $50 million target. The viability is unclear, and sources note mixed signals about the Post’s story. Meanwhile, CBS has reshuffled its team, and Alfonsi and Pelley have become journalists-in-residence at Columbia University; Netflix and other streamers have shown little appetite for regular news, complicating a self-distribution plan.

via The Hollywood Reporter|
#60-minutes#cbs#journalism
Fox to Buy Roku in $22 Billion Streaming Bet
business2 months ago

Fox to Buy Roku in $22 Billion Streaming Bet

Fox Corp agreed to acquire Roku for about $22 billion, paying $160 per share in cash and Fox Class A stock. Upon closing, Fox shareholders would own about 73% of the merged company and Roku holders about 27%, creating a scaled media/tech group anchored by live sports, news, Tubi and the Roku platform with roughly $400 million in run-rate cost synergies and a closing targeted for the first half of 2027. Roku will remain an open platform, and Roku founder Anthony Wood will join Fox's board as the deal integrates Fox’s sports and news assets with Roku's streaming technology.

via Deadline|
#business#fox-corp#media-industry
60 Minutes Plans Gonzo Makeover Under Bilton, Staff Skeptical
television2 months ago

60 Minutes Plans Gonzo Makeover Under Bilton, Staff Skeptical

Nick Bilton signals a gonzo, multi-platform rethink for 60 Minutes, aiming to expand beyond a single weekly hour while preserving the show's rigor, but staff express doubt about the change; the roundup also notes Emilia Clarke discussing her Emmy loss, a 4K restoration of I Shot Andy Warhol, and Netflix's A Different World reboot with a September 24 premiere date.

via AV Club|
#60-minutes#media-industry#netflix
Broadcast TV Bets On Scripted Comeback In 2026 Upfronts
television3 months ago

Broadcast TV Bets On Scripted Comeback In 2026 Upfronts

In Deadline's coverage of the 2026 upfronts, CBS, NBC, Fox and ABC unveiled lineups that lean back toward scripted series, marking a cautious resurgence after recent slates. CBS adds three dramas and a comedy while trimming others for a net gain of about 1.5 hours; NBC adds two dramas and two comedies with a similar potential increase; Fox adds two dramas and a comedy for another ~1.5-hour rise; ABC breaks with tradition by adding The Rookie: North while renewing all scripted series. The shift is framed as a blend of budget discipline, the ongoing impact of vertical integration and streaming-era strategy, and a push to grow the networks’ owned libraries—even if some episode counts are being adjusted as part of broader cost-management efforts.

via Deadline|
#broadcast-tv#media-industry#renewals
WBD Upfront Echoes a Changing Era as Paramount-Skydance Tie-Up Looms
business3 months ago

WBD Upfront Echoes a Changing Era as Paramount-Skydance Tie-Up Looms

Warner Bros. Discovery’s upfront lunch carried a valedictory air as Paramount Skydance’s $110 billion bid to acquire WBD looms, with a Sept. 30 close target pending regulatory approvals. Executives touted the company’s advertising products while the deal’s implications—turning Turner, HBO, and Warner Bros over to a new parent—hung over the room. Insiders pointed to two factors likely to help garner approval: Larry Ellison’s influence and Makan Delrahim, DOJ antitrust veteran now Paramount’s chief legal officer. CEO David Zaslav could collect up to $886 million on closing, despite a shareholder vote against part of his pay, underscoring the ongoing volatility of media M&A.

via Deadline|
#business#media-industry#mergers-and-acquisitions
WBD’s 2026 Upfront Feels Like a Corporate Wake
business3 months ago

WBD’s 2026 Upfront Feels Like a Corporate Wake

Warner Bros. Discovery’s 2026 upfront came off as muted and star-poor: no fall slate to sell, absent CEO David Zaslav and HBO chief Casey Bloys, and a lineup consisting mainly of familiar faces. Executives tried to frame the event around partnerships and performance, but critics called it forgettable, likening it to a wake for a company in flux as WBD eyes major changes—including a reported path to a Paramount Skydance merger—pending regulatory approval.

via The Hollywood Reporter|
#advertising-sales#business#corporate-transition