Variety: CBS Seals 5-Year Deal for American Music Awards, Expanding Partnership With Dick Clark Prods.

Story from Variety:

CBS is extending its partnership with Dick Clark Productions, sealing a new five-year deal to keep the American Music Awards on the Eye network and Paramount+ starting in 2026.

Paramount Global for sale latest - Variety: Shari Redstone Defends Paramount’s $16 Million Settlement With Trump as ‘No-Brainer’

Story from Variety:

Shari Redstone said the decision for Paramount Global, the media conglomerate she just sold to Skydance Media, to pay President Donald Trump $16 million to settle his lawsuit against CBS was a “no-brainer” — and she had expected the company to pay far more to the sitting president to make the litigation go away.

Variety: Nexstar to Acquire Tegna in $6.2 Billion Deal, Marking Big Move to Consolidate Local TV Biz

Story from Variety:

In a deal to combine two major players in the local TV station biz, Nexstar Media Group said it reached an agreement to buy Tegna in a transaction valued at $6.2 billion.

Variety: Banijay Americas’ New Label A Fábrica Mexico & U.S. Hispanic Taps Santiago Zapata for Scripted VP Role

Story from Variety:

Banijay Americas’ A Fábrica Mexico & U.S. Hispanic has tapped award-winning producer, writer, exec Santiago Zapata for the position of scripted VP. The new label, a partnership formed between Endemol Shine Boomdog and Brazil’s A Fábrica was founded in January in a bid to focus on producing more scripted content for the Mexican, Latin American and U.S. Hispanic markets.

Paramount Global for sale latest - Variety: Paramount Skydance Shares End Roller-Coaster, Memestock-Fueled Week Up 30%, Boosting Market Cap by $2 Billion

Story from Variety:

Paramount Skydance, over its first full week on the stock market under new owners, saw its stock jump 30% — and boomed as much as 60% in intraday trading Wednesday.

Variety: ‘CBS Evening News’ Executive Producer Guy Campanile to Return to ’60 Minutes’

Story from Variety:

Guy Campanile, a longtime “60 Minutes” producer who was tasked with managing a significant overhaul of the venerable “CBS Evening News,” is returning to his old stomping grounds.

Variety: Dr. Phil Fires Back at His Bankrupt Company’s Legal Foes, Accusing TBN and PBR of ‘Inflammatory and Damaging’ Attacks Aimed at Depressing Value of Merit Street

Story from Variety:

Dr. Phil says he and his bankrupt company Merit Street Media are being smeared in “incendiary” legal filings by Christian broadcaster Trinity Broadcasting Network, which is a former business partner, and creditor Professional Bull Riders — and that they are trying to drive down Merit Street’s value.

Variety: Olé! Comcast Newest Xfinity Pay-TV Package Is Designed for Soccer Fans, Priced at $85 per Month

Story from Variety:

Hoping to score with soccer aficionados, Comcast has assembled a gol-oriented video package built for the world’s most popular sport.

Variety: John Malone, Barry Diller, Mike Fries and David Zaslav Set for Rare Public Conversation at Paley Center for Media

Story from Variety:

John Malone will reflect on the deals, disruptions and business relationships that have shaped his storied career in the media and technology during a panel discussion next month with three CEOs — Barry Diller, Mike Fries and David Zaslav — closely associated with his empire.

Paramount Global for sale latest - Variety: For Paramount and CBS, the Redstone Era Ends With Little Fanfare and Diminished Assets

Story from Variety:

For the Redstone clan, the end with Paramount Pictures came much as it began 31 years ago – victory achieved after a long, bitter and highly public fight over a Hollywood institution.

Variety: Canal+ Faces Challenges With Africa’s MultiChoice as Pay-TV Company Ordered to Shutter in Ghana Over Subscription Rates

Story from Variety:

Canal+’s future African pay-TV kingdom could already start losing pieces before its expected buyout of MultiChoice in October is complete.

Variety: Disney’s Move to Merge Hulu Into Disney+ Could Save Company Billions of Dollars

Story from Variety:

In 2026, Disney expects to shutter Hulu as a standalone app and service — and fully merge Hulu into Disney+.

Variety; AMC Networks Streaming Revenue Rises 12% in Q2, U.S. Ad Sales Drop 18%

Story from Variety:

AMC Networks saw an 18% drop in U.S. ad sales but a 12% increase in revenue for the company’s streaming business during the second quarter of 2025, the company reported Friday.

Variety: Fremantle Revenue Slips in H1 as RTL Group Ramps Up Streaming, Seals Sky Deutschland Deal

Story from Variety:

Fremantle’s revenue fell 5.4% in the first half of 2025 to €905 million ($1.053 billion), largely due to lower U.S. sales and phasing effects, as parent RTL Group accelerated its shift toward streaming and confirmed its acquisition of Sky Deutschland.

Variety: Nexstar Ad Sales Down 9%, CW Owner Beats on Q2 Earnings

Story from Variety:

Nexstar reported its second-quarter 2025 earnings Thursday, revealing ad sales dropped 9% year over year for the April 1-June 30 period without a presidential election to fuel political ad spend.

Paramount Global for sale latest - Variety; Skydance Closes $8 Billion Paramount Acquisition: ‘Today Marks Day One of a New Paramount,’ David Ellison Says

Story from Variety:

David Ellison’s Skydance Media has closed its $8 billion merger with Paramount Global to create new company Paramount, a Skydance Corporation, the parties announced Thursday.

Paramount Global for sale latest - Variety; Shari Redstone’s Farewell Message to Paramount Employees: ‘I Will Be Cheering for You, Always’

Story from Variety:

On the eve of Shari Redstone closing a $8 billion deal that will end her family’s decades-long stewardship of Paramount Global and predecessor companies, she sent a memo to staffers expressing her gratitude for their work — and shared optimism of the new company’s prospects as it gets taken over by David Ellison’s Skydance Media.

Variety: Amazon Reorganizes Audio Entertainment Operations; Wondery CEO Jen Sargent to Exit

Story from Variety:

Amazon is reorganizing its audio entertainment operations with plans to consolidate some of the production now done across its Wondery and Audible brands.

Paramount Global/Skydance merger - Variety; David Ellison Reports for Mogul Duty: Inside New Paramount CEO’s Ambitions and Obstacles

Story from Variety:

On Thursday morning, David Ellison will clock in for his first day at work as a media mogul.

Variety: ESPN Gets Headlock on WWE Live Events Like ‘WrestleMania’ in New U.S. Rights Deal, Content to Roll Off NBCU’s Peacock

Story from Variety:

ESPN and WWE are about to get each other in tighter holds.