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All articles tagged with #media industry

Fox to Buy Roku in $22 Billion Streaming Bet
business27 days 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
television1 month 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
television1 month 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
business1 month 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
business2 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
Byron Allen Seizes BuzzFeed in $120 Million Buyout, Lands CEO Role
business2 months ago

Byron Allen Seizes BuzzFeed in $120 Million Buyout, Lands CEO Role

Byron Allen is purchasing BuzzFeed for $120 million, taking a 52% majority stake and the CEO role from founder Jonah Peretti, while Peretti shifts to lead BuzzFeed AI and related ventures. The deal funds include $20 million in cash and a $100 million promissory note due five years after close, with closing expected in May. BuzzFeed has faced declining advertising revenue and losses, and Allen’s takeover could pivot the company toward free streaming video and AI-driven content, including potential spin-offs of assets like Tasty as part of a broader restructuring. The sale marks a dramatic drop from BuzzFeed’s peak valuation during the IPO era, signaling a new path for the digital media company in a changing landscape.

via The Hollywood Reporter|
#ai-strategy#business#buzzfeed
Media mogul Byron Allen takes controlling stake in BuzzFeed, reshaping leadership and strategy
business2 months ago

Media mogul Byron Allen takes controlling stake in BuzzFeed, reshaping leadership and strategy

Byron Allen’s Allen Media Group is acquiring a 52% stake in BuzzFeed for $120 million, installing Allen as CEO and chairman and moving co-founder Jonah Peretti to president of AI; the financing includes $20 million cash at closing and $100 million later at 5% interest, as BuzzFeed contends with debt and losses and pushes for growth in streaming, user-generated content, and expanded HuffPost coverage while spinning its film/TV division into an independent entity.

via The New York Times|
#business#buzzfeed#byron-allen
THR Names NYC Media's Top 50 Power Players
business2 months ago

THR Names NYC Media's Top 50 Power Players

The Hollywood Reporter published a list of the 50 most influential people in New York media, spanning executives and on-air talent across major networks. Highlights include Fox News stars from The Five (Jesse Watters, Greg Gutfeld, Jessica Tarlov, Dana Perino) and their leaders Suzanne Scott and Jay Wallace; MS NOW figures Mika Brzezinski, Joe Scarborough, Rebecca Kutler; CNN’s Anderson Cooper and CEO Mark Thompson; and Mediaite founder Dan Abrams, along with top anchors from CBS, NBC and ABC, illustrating how power in NYC media combines leadership roles with high-profile on-air influence.

via Mediaite|
#business#cnn#fox-news
Devil Wears Prada 2 Turns Journalism’s Decline Into the Story
entertainment2 months ago

Devil Wears Prada 2 Turns Journalism’s Decline Into the Story

A.V. Club’s review uses The Devil Wears Prada 2 to critique the state of modern journalism: Andy Sachs rises and then is caught in a fragile, ad-supported media landscape as Runway struggles with layoffs, clicks, and corporate control, all while the film preserves the franchise’s core love for creativity and asks what a world without meaningful journalism would look like.

via AV Club|
#devil-wears-prada-2#entertainment#journalism
Paste Closes Its Games Coverage, Rewriting the Career Start for Writers
media2 months ago

Paste Closes Its Games Coverage, Rewriting the Career Start for Writers

Paste has shuttered its dedicated video games coverage, with Endless Mode folded into The A.V. Club and AV Club layoffs eliminating three games-coverage roles. While some coverage will continue, there will be no full-time staff. The move ends a defining era that helped launch many writers' careers and underscores ongoing upheaval in game journalism amid industry consolidation.

via Aftermath|
#journalism#media#media-industry