Elon Musk invests about $1 billion in Skydance after Paramount-WBD merger close
The investment lands as Skydance faces roughly $80 billion in debt following the Paramount and Warner Bros. Discovery merger, deepening Musk's reach into Hollyw
Adweek · +14 outlets
Comcast beats earnings but deepens broadband losses, plans cable job cuts and $1B-plus charge
Comcast's connectivity weakness is offsetting media revenue gains, and the company is restructuring its cable business as cord-cutting accelerates.
Los Angeles Times · +6 outlets
Meta hit with record $25 billion fine over privacy breaches
The penalty is the largest ever imposed on a tech company, capping a bruising year for Meta on privacy and regulatory fronts.
Social Media Today · +14 outlets
Meta stock sinks 6% as AI spending pushes free cash flow negative
Investors reacted to the cash flow impact of Meta's heavy AI infrastructure spending, a concern across large tech platforms.
CNBC · +11 outlets
Jared Kushner threatens legal action over Vanity Fair excerpt alleging secret foreign accounts
The excerpt comes from investigative journalist Matthew Cole's forthcoming book, and Trump has dismissed the reporting as fabricated while Kushner's lawyer disp
Thewrap · +7 outlets
Bravo renews In the City, Next Gen NYC and Southern Hospitality, orders Next Gen Atlanta and Craig Conover microdrama
The announcements come ahead of Bravo Fan Fest in Charleston, as the network expands its reality franchise footprint and adds its first scripted microdrama.
Variety · +13 outlets
Omnicom wins Coca-Cola's North America media account as WPP retains global remit
Coca-Cola ran separate pitches after Publicis resigned its North America media business for PepsiCo, reshaping the agency holding company landscape.
Digiday · +12 outlets
Publishers pressure Meta to suspend new terms letting it scrape their websites
A US news publishing trade group is urging Zuckerberg to halt the commercial terms set to take effect Oct. 30, which advertisers and publishers say shift liabil
Niemanlab · +9 outlets
Axel Springer to cut around 100 Telegraph roles in AI-driven restructuring
The cuts come four months after the German publisher acquired the British newspaper, adding to a year of widespread journalism job losses.
Thewrap · +2 outlets
Netflix logs record quarterly subscriber gains in India on Flipkart partnership
The bundled deal with Flipkart points to the role of local partnerships in Netflix's growth strategy across emerging markets.
Business Standard · +2 outlets
Rhode Island sues Meta over alleged tolerance for scam advertising
The state action adds to mounting legal scrutiny of Meta's ad review practices and their impact on consumers and small businesses.
Firstpost · +10 outlets
Spotify adds subscribers but slightly misses revenue expectations
The company continues to grow its user base while investors watch whether revenue growth keeps pace with its expansion into audio and advertising.
Bloomberg.com · +14 outlets
H3 Podcast goes on indefinite hiatus after Ethan Klein's wife accuses him of an affair
The show's crew publicly backed Hila Klein, and the pause marks a notable disruption for one of YouTube's biggest creator-led podcasts.
Thewrap · +7 outlets
Nvidia and TCV invest in AI video startup Higgsfield
The entertainment and marketing-focused generative AI company extended its Series B, underscoring continued chipmaker investment in creative tools.
Variety · +14 outlets
Netflix bought Ben Affleck's secret AI company for $587 million
The four-year-old, previously undisclosed venture highlights streaming platforms' quiet bets on AI production technology.
El Cronista · +8 outlets
Omnicom CEO John Wren says IPG integration is nearly done and targeting $900 million in synergies
The company reported organic revenue growth and margin gains as it nears completion of the IPG acquisition.
Digiday · +14 outlets
Disney names Carol Choi Asia Pacific president, succeeding Luke Kang
The leadership change comes as Disney manages its streaming and studio strategy across a key growth region.
adobo Magazine
FIFA opens tender for 2030 men's World Cup US media rights, plans winner by year end
The rights auction shapes the next cycle of sports media deals and comes amid broader churn in sports sponsorship.
CNBC