Tag

Media Industry

All articles tagged with #media industry

Broadcast TV Bets On Scripted Comeback In 2026 Upfronts
television13 days 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.

WBD Upfront Echoes a Changing Era as Paramount-Skydance Tie-Up Looms
business13 days 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.

WBD’s 2026 Upfront Feels Like a Corporate Wake
business14 days 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.

Byron Allen Seizes BuzzFeed in $120 Million Buyout, Lands CEO Role
business15 days 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.

Media mogul Byron Allen takes controlling stake in BuzzFeed, reshaping leadership and strategy
business16 days 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.

THR Names NYC Media's Top 50 Power Players
business20 days 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.

Devil Wears Prada 2 Turns Journalism’s Decline Into the Story
entertainment23 days 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.

Paste Closes Its Games Coverage, Rewriting the Career Start for Writers
media27 days 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.

Rift Between The Athletic and The New York Times Emerges Over Dianna Russini Saga
media1 month ago

Rift Between The Athletic and The New York Times Emerges Over Dianna Russini Saga

A report highlighted by John Ourand shows lingering friction between The Athletic and The New York Times, with NYT reportedly pressuring Athletic reporters to hide their affiliation and concerns over editorial standards. The Russini episode also ties into ongoing union talks, as The Times Guild seeks to fold The Athletic into the union, turning the controversy into a broader power struggle between the outlets.

Peter Alexander exits NBC News to anchor at MS NOW
media2 months ago

Peter Alexander exits NBC News to anchor at MS NOW

NBC News veteran Peter Alexander is leaving NBC News after more than two decades to join MS NOW as anchor and chief national reporter, running a weekday program and breaking-news coverage. He will anchor MS NOW's 11 a.m. hour, succeeding Ana Cabrera as the daytime lineup shifts post-split with NBC News. Alexander is the first NBC journalist to move to MS NOW since the split; his Versant deal also covers potential sports contributions on USA Network and the Golf Channel.