Lucas Manfredi is a TV Business reporter at TheWrap, writing about the programming, executives and trends in the television and streaming industries. Prior to joining the TheWrap in November 2022, he spent four years at Fox Business as a production assistant and a reporter on its digital team. He has a Bachelor of Science in Television-Radio production from Ithaca College and can be reached at lucas.manfredi@thewrap.com.
Experience:
Resides In:
New York, NY
Education:
Lucas received a Bachelor of Science degree in Television-Radio from Ithaca College
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How Hollywood Is Managing Cable TV’s Rapid Decline
Consolidation will be the catalyst to prune linear TV as pay TV subscriptions are poised to account for less than half of U.S. households by year’s end
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Business
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Paramount+ Sets First Live UFC Event Under $7.7 Billion Media Rights Deal
UFC 324 will stream on Jan. 24 starting at 5 p.m. ET/2 p.m. PT
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Omnicom Closes $13.25 Billion IPG Merger
The deal will create the world’s largest media buying advertising agency
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Scripps Adopts Shareholder Rights Plan After Sinclair Takeover Bid
The move, commonly referred to as a poison pill, takes effect immediately and will expire after one year
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TelevisaUnivision, YouTube TV Strike New Carriage Deal, End Programming Blackout
The Spanish-language network owner’s programming has been dark on the Google-owned platform since Sept. 30
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Warner Bros. Discovery Sets Dec. 1 Deadline for 2nd Round of Bids
The move comes after Paramount, Netflix and Comcast submitted non-binding, first round bids on Nov. 20 for all or part of the media giant
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Amazon MGM Studios Unscripted TV Chief Barry Poznick to Exit
The executive will transition into a three-year, first-look production deal with the company starting Jan. 1
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Fubo Accuses NBCUniversal of ‘Discriminatory Tactics’ Amid Programming Blackout
The company adds of the carriage dispute that it’s being asked to “subsidize” Versant’s cable networks in a multi-year distribution deal
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Versant CEO Mark Lazarus Eligible for $35 Million Pay Package in First Year
An SEC filing also reveals compensation packages for COO/CFO Anand Kini and general counsel Jordan Fasbender
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Sinclair Submits Takeover Bid for E.W. Scripps, Increases Ownership Stake to 9.9%
The broadcast TV station owner is offering $7 apiece for all of Scripps’ outstanding shares
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Nexstar Says Broadcast TV Station Landscape Is ‘Ripe for Regulatory Reform’: ‘The Status Quo Is No Longer Acceptable’
President Donald Trump has expressed opposition to eliminating or raising the FCC’s 39% cap on broadcast station ownership
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Trump Opposes Raising or Eliminating FCC’s Broadcast TV Station Ownership Cap
“If this would also allow the Radical Left Networks to ‘enlarge,’ I would not be happy,” the president wrote in a Truth Social post on Sunday
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NFL, MLB, Broadcast Season Fuel Disney, Fox, Paramount, WBD Viewership Gains in October
But it was not enough to topple YouTube, who finished the month with 12.9% of TV time, per Nielsen
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TV
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NBCUniversal Programming Goes Dark on Fubo
The media giant’s content was pulled after the two sides failed to reach a new carriage deal by a 5 p.m. ET deadline on Friday
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Netflix, Paramount, Comcast Submit Bids to Warner Bros. Discovery
The first round of non-binding bids for all or part of the media giant were due Thursday, with a final decision expected to be made around Christmas
