Business
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FCC Chair Says CBS-Trump Settlement Talks Have Nothing to Do With Paramount-Skydance Deal Review
Brendan Carr added “all options remain on the table” in its “60 Minutes” investigation after the president called for the “maximum fines and punishment”
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Traditional TV Outlets Will Begin to Be Rolled Up by Private Equity in 2026, Analyst Predicts
Doug Creutz of TD Cowen also argues media companies should abandon direct-to-consumer efforts
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Billboard Names Mike Van First CEO in Music Magazine’s 131-Year History
Current editorial director Hannah Karp will report to Van following his promotion from president of Billboard
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Channel 4 CEO Alex Mahon to Step Down This Summer After 8 Years
COO Jonathan Allan will serve as interim CEO while a replacement is found
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Paramount’s Shari Redstone Was Paid $523,000 in 2024
The media giant’s board of directors raked in a combined $3.8 million in compensation for the year
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TKO Group CEO Ari Emanuel’s 2024 Pay Falls 72% to $18.1 Million
President and chief operating officer Mark Shapiro’s pay for the year climbed 98.7% to $31.96 million
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Paramount Ex-CEO Bob Bakish’s 2024 Pay Jumped 178% to $86.96 Million
George Cheeks, Brian Robbins and Chris McCarthy, who were promoted to co-CEOs last April, received pay of $22.2 million, $19.6 million and $19.5 million for the year, respectively
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Comcast CEO Brian Roberts’ 2024 Pay Dips to $33.9 Million
The package marks a 4.5% decrease from $35.5 million a year ago
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LA Tourism Faces a Summer Slump as Trump Policies and Wildfires Leave Travelers Skittish
Hollywood and the surrounding attractions hope they still have the allure to convince tourists to come, as economic uncertainties put a damper on travel plans
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Business
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FCC Seeks DEI Concessions From Paramount to Complete Skydance Merger
Trump appointee Brendan Carr has made eliminating DEI programs a prerequisite for any M&A approval
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Netflix Stock Hits All-Time High of $1,101 per Share, Up 98% Year Over Year
The streamer recently smashed Wall Street expectations for its first quarter of 2025
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Alphabet Profit Soars 46% in First Quarter to $34.5 Billion, Helped by AI-Assisted Search, YouTube Ads
The video platform’s ad revenue grew 10% year-over-year
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Tech
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Paramount Shareholder Mario Gabelli Seeks ‘More Equitable Distribution’ of Shari Redstone’s Payout in Skydance Merger
A Delaware court recently ruled that the investor has a “credible basis to suspect wrongdoing” in the $8 billion deal
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Comcast Revenue Slips to $29.9 Billion in First Quarter on Continued Broadband, Pay TV Subscriber Losses
Comcast’s theme parks business saw revenue tumble 5% to $1.9 billion in the first quarter, on lower attendance and impact from the L.A. wildfires
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WrapPRO
Available to WrapPRO members
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Imax CEO ‘Highly Confident’ That China’s Plan to Reduce US Film Releases Won’t Affect His Company
Rich Gelfond expects that China will target smaller budget films, not those that “drives Imax’s business”
