Business
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Nexstar to Acquire Tegna in $6.2 Billion Local TV Deal, Citing Trump-Backed Initiatives
The deal will give the former 265 television stations in 44 states and D.C., representing 80% of U.S. television households
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Fox Entertainment Studios Promotes Dana Tafoya-Cameron to Head of Bento Box Entertainment
Netflix’s Michelle Huynh also joins as executive vice president of studio content operations
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Paramount and Legendary in Talks for Movie Distribution Deal
The production company’s previous distribution deal with Sony ended last year
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Newsmax Settles Dominion Voting Systems Lawsuit for $67 Million
The move comes after the network was sued for defamation for claiming that the latter’s technology was used to rig the 2020 presidential election
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Versant to Rebrand MSNBC as MS NOW: My Source for News, Opinion and the World
In addition to MS NOW, USA Network and Golf Channel will merge into a new USA Sports brand and CNBC will change its logo but retain its name
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Taylor Sheridan, Paramount Set Massive Texas Production Hub in Fort Worth
The 450,000 square foot campus, which is built to support four concurrent large-scale productions with SGS Studios, is the largest operating studio in the state
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Brands Are Buying Their Way Into Writers’ Rooms
People are turning to brands more openly for content funding as studio money dries up — but companies providing the money want to consult on script and other creative facets
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Business
Available to WrapPRO members
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Starz Posts Q2 Loss of $43 Million, Sheds 410,000 U.S. Subscribers
The company’s subs loss was driven by pressure on linear subscribers and a loss of 120,000 over-the-top subscribers
Available to WrapPRO members
WrapPRO
Available to WrapPRO members
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Netflix Closes 2025 Upfront With Ad Commitments More Than Doubling
The streamer has sold out all available in-game inventory for its pair of NFL Christmas Day games
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New Paramount Speaks: Theatrical Films, Streaming Investment and Tech Upgrades Are Top Priorities
From more movies to courting talent, the leadership team’s second round with press focused more on content
Available to WrapPRO members
WrapPRO
Available to WrapPRO members
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Telemundo Launches Sports-Focused FAST Channel ‘Deportes Ahora’
The offering will be available on Peacock, Xumo Play, the NBC News FAST hub and Telemundo.com on Aug. 14, with some content also set to livestream on YouTube
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Boston Celtics’ $6.1 Billion Sale Approved by NBA’s Board of Governors
The 18-time NBA champion team will be acquired by an investment group led by Bill Chisholm
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BET Networks Is No Longer for Sale, David Ellison Says
“Our intention is to keep the company together and invest through the lens of long-term operation,” the chief executive says during a Wednesday press conference
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Mario Gabelli Sues Paramount, National Amusements Over ‘Unfair and Inequitable’ Merger Payout
The class action on behalf of 750 class A shareholders follows the $8 billion Skydance deal’s closing last week
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Disney Marketing Shuffle: Asad Ayaz Named President of Disney Entertainment Marketing, Shannon Ryan Adds Streaming
Ayaz is now Chief Brand Officer, TWDC and President, Disney Entertainment Marketing while Ryan will oversee the integrated Disney+ and Hulu team
