Business
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Paramount Studio Heads Promise ‘Clarity and Momentum’ as 2,000 Staffers Are Pink-Slipped
“This restructuring marks a pivotal step in shaping the path forward,” co-chairs Dana Goldberg and Josh Greenstein say
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YouTube Settles Disney Breach of Contract Lawsuit Over Justin Connolly Hiring
The media giant sued the executive and Alphabet-owned video platform in May
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Paramount Layoffs Hit TV Executives Across CBS, MTV, BET and Streaming
The company is cutting roughly 1,000 jobs on Wednesday to align with its “evolving priorities,” with more cuts to come at a later date
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Alphabet Delivers First-Ever $100 Billion Quarter Owing to Growth in Search, AI and Cloud
Google Services revenue increased 14% during the quarter to hit $87.1 billion
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Business
Available to WrapPRO members
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AOL to Be Acquired by Italian Tech Company Bending Spoons for $1.5 Billion
The deal is expected to close by the end of the year, subject to customary closing conditions and regulatory approval
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YouTube Reorg Elevates Christian Oestlien to Oversee All Subscription Businesses
The executive’s oversight will span YouTube TV, Music, Premium and Primetime Channels, as well as podcasts and commerce
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John Malone to Step Down From Liberty Media Board, Transition to Chairman Emeritus Role
Liberty’s vice chairman Robert Bennett will assume the role of chairman of the board starting Jan. 1, 2026
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Fox Sports Invests in Tom Brady’s Shadow Lion
The companies will develop original series, films, event programming and digital content that focus on the intersection between sports and culture
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Fubo and Hulu + Live TV Close Merger – Now the 6th Largest Pay TV Company in America
Reaching nearly 6 million subscribers in North America, Disney holds approximately 70% interest in the newly combined company, while Fubo shareholders retain 30%
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Paramount Layoffs Hit 1,000 Employees, David Ellison Cites ‘Evolving Priorities’ in Memo to Staff
“We are addressing redundancies that have emerged across the organization” and “phasing out roles that are no longer aligned with our evolving priorities,” CEO David Ellison writes
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The Reset: * M&A’s New Trumpian Footnote
The president’s endorsement of Paramount as a buyer for Warner Bros. Discovery signals a new paradigm for M&A in these times
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Business
Available to WrapPRO members
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Nickelodeon Communications VP Lilah Kojoori Exits After 20 Years
The executive’s departure comes ahead of widespread cuts at parent company Paramount
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Bloomberg Joins YouTube TV Lineup With 24-Hour News Channel
Over 8 million YouTube TV subscribers will have access to the outlet’s live video coverage of breaking business and financial news, as well as original series and documentaries
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E.W. Scripps to Sell Indianapolis ABC Affiliate WRTV to Circle City Broadcasting for $83 Million
The deal will close following receipt of regulatory and other customary approvals
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Ex-Meta Executive, CNN Anchor Campbell Brown Launches Forum AI With $3 Million in Funding
The company will leverage a roster of experts to evaluate how AI models handle complex and nuanced topics such as politics, foreign affairs and mental health
