Business
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Paramount, Charter Communications Carriage Negotiations to Continue, Averting Blackout
The extension comes after renewal talks were initially set to expire at midnight on Tuesday
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Amazon’s Prime Video Ad Tier Helps Boost Q1 Ad Revenue By 24% to $11.8 Billion
The Big Tech company, which launched the ad tier in January, also saw an 11% jump in overall subscription revenue
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Business
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Warner Bros. Discovery Stock Tanks Over 9% Amid Concerns It Could Lose NBA Rights
The conglomerate’s TNT has aired basketball since 1989, but NBCUniversal is reportedly closing in on snatching rights
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Jeff Zucker’s RedBird IMI to Sell Telegraph Group Rights After UK Blocks Buyout
The Abu Dhabi-backed firm’s attempt to take over the conservative outlets faced opposition from British leadership over foreign funding
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Matrix Asset Advisors Slams Paramount Over Bob Bakish Exit: ‘Everything About Today’s Update Is a Disgrace’
“This is a major unforced error that will cost the company upwards of $50 million,” the firm’s chief investment officer David Katz tells TheWrap
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Business
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Paramount Narrows Streaming Loss 44% to $286 Million, Tops 71 Million Subscribers
The media conglomerate declined to take analyst questions following the departure of CEO Bob Bakish
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Business
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Skydance Revises Paramount Offer With $3 Billion Cash Infusion to Allay Shareholder Worries
The new terms would sweeten the deal for some non-voting Class B shares, an insider tells TheWrap
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Peacock Hikes Prices Ahead of Olympics
The increases for the Premium and Premium Plus tiers to $7.99 and $13.99 per month will take effect starting July 18 for new customers
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Skydance Merger Talks and CEO Exit Loom Over Paramount Q1 Earnings
Paramount reports its quarterly results Monday afternoon as the May 3 deadline for exclusive merger discussions between the two companies quickly approaches
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Paramount Global CEO Bob Bakish to Exit on Monday, Insiders Say | Exclusive
The media conglomerate’s board is meeting this weekend to discuss the matter
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Ariel Investments Demands Paramount Explain ‘Disturbing’ Board Departures Amid Skydance Exclusive Talks
“Transparent corporate filings and statements would end the obfuscation that is whipsawing the stock,” the firm writes in a letter to clients
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Roku CEO Anthony Wood Sees Pay Dip to $20.2 Million in 2023
Roku Media president Charlie Collier saw his pay drop to $6.8 million, compared to $53.3 million in 2022
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Kristin Dolan Received $14.6 Million Pay Package in First Year as AMC Networks CEO
The wife of AMC Networks’ owner James Dolan took over the role in February 2023 following the exit of its former chief executive
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Comcast Chairman Brian Roberts’ Pay Rises 10.6% to $35.4 Million for 2023
The media conglomerate’s president Mike Cavanagh saw his total compensation fall 26.9% to $29.58 million for the year
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Sony-Apollo Bid for Paramount Could ‘Bring Much More to the Table’ Than Skydance, Matrix Asset Advisors Says
The firm argues there’s “near-universal agreement” among Paramount shareholders that David Ellison’s bid is not in their interests
