Business
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Ari Emanuel, Mark Shapiro and Bill Duffy Acquire WME Basketball, Duffy to Lead Day-to-Day Operations
WME will continue representing retired players and coaches for marketing, broadcast and content opportunities
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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
Available to WrapPRO members
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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
Available to WrapPRO members
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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
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