Business
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The Paramount-WBD Merger Is on Hold. CNN’s Transformation Isn’t | Analysis
CNN says its strategy hasn’t changed. CEO Mark Thompson’s challenge is keeping it on track
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Journalism
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Paramount-WBD Deal Delayed Again as Judge Extends Restraining Order by 2 Weeks
With Thursday’s ruling, the earliest David Ellison’s deal for Warner Bros. Discovery can close is Aug. 17
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Patreon Lays Off 20% of Workforce, Affecting 93 Employees
“This change allows us to continue building from a position of strength, no matter how the chaotic world around us continues to change,” CEO Jack Conte writes
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Forbes Chief Content Officer Randall Lane Exits, Effective Immediately
Executive editor Kerry Lauerman assumes interim leadership of the business publication
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How ‘Star Trek’ Fell From Streaming Anchor to Stuck in Limbo
For the first time in nearly a decade, the future of “Star Trek” on television is unclear
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TV
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Imax Rides ‘Michael’ and ‘Mario’ to $103 Million Quarterly Revenue
The premium format reached $285 million in box office grosses as a windfall from ‘The Odyssey” is still to come
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Business
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Peacock Finally Turns a Profit Ahead of NBCUniversal Split, But It’s Not Smooth Sailing From Here
Comcast co-CEO Mike Cavanagh warned Wall Street that the streaming service’s profitability would vary quarter to quarter, based on the timing of sports schedules and other content
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Business
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Paramount Requests 3-Day Evidentiary Hearing as Court Mulls Injunction to Delay Warner Bros. Merger
The company is seeking to hold the trail on Aug. 17 or Aug. 24 as it looks to keep its deadline
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Darren Aronofsky’s AI-Driven Studio Primordial Soup Seeks $15 Million
The “Caught Stealing” director and his producing partner Dylan Golden are listed as executive officers
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State AGs, DirecTV Accuse Nexstar of Violating Preliminary Injunction With Tegna Board Appointment
They argue that further integration would allow the combined company to “control and raise prices, fire journalists and dominate the broadcast media landscape”
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Alphabet’s AI Costs Keep Spiraling Higher
Once again, the company raised its capital investment range, which now tops out at $205 billion
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Business
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Pat McAfee Slams Critics Blaming ESPN Layoffs on His Salary: ‘That’s Not Funny’
“The first time we licensed the show through ESPN, one of these happened. We got blamed for it all,” he adds
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Paramount-Warner Bros. Merger Cleared by European Commission With Conditions
The approval comes as the deal was paused by a lawsuit from 12 state AGs in the U.S.
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FCC Chair Not Worried About Potential Legal Challenge to National Broadcast Ownership Cap Repeal
Brendan Carr also says ABC’s decision to limit coverage of President Trump’s primetime address could come up in its broadcast license review
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Julie Andrews Gets Disney+ Documentary Treatment From RJ Cutler
The film featuring archival footage and new interviews hits the streamer in 2027
