Take this, TNT!

In an industry known for celebrity CEOs, Paramount’s Bob Bakish was the anti-mogul, more comfortable reviewing ad budgets than script pitches. His seven years of streaming bets & cost cuts couldn’t rescue a troubled company. w/ Jessica Toonkel & Joe Flint
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NBCUniversal is serious about trying to steal the NBA from TNT. It's prepared to pay an average of about $2.5 billion annually for games on NBC and Peacock. With Amol Sharma and Isabella Simonetti
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Skydance fighting for this deal.

My Latest: Missed deals, revolting shareholders and a CEO on the outs. How Shari Redstone's merger plans for Paramount devolved into one of the messiest corporate dramas in memory wsj.com/business/media… via The Wall Street Journal

Huge scoop from Jessica Toonkel: Paramount Global’s board is considering replacing Chief Executive Bob Bakish and installing a committee of top executives to run the entertainment giant on an interim basis. It comes amid merger talks with Skydance Media. wsj.com/business/media…

NEWS: My friends and I now own and run The Onion. I’ll be the CEO.

We’re keeping the entire staff, bringing back The Onion News Network, and share the wealth with staff.

Basically, we’re going to let them do whatever they want. Get excited.

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The NBA is advancing toward major media deals, with Amazon and YouTube vying for a new streaming package and NBCUniversal trying to grab one of the main TV deals held by ESPN and TNT. wsj.com/business/media…

NPR chief Katherine Maher told Alexandra Bruell the controversy over the radio network's coverage and diversity policies is a distraction, and addressed concerns over her views on the First Amendment wsj.com/business/media…

NBA's Rudy Gobert on darkness retreats: 'When you're in the dark, it shows the things that are inside of you. If you're negative, you see negative things. And if you're positive, you see positive things.' espn.com/nba/story/_/id…

Workers at Volkswagen’s Tennessee factory voted to join the United Auto Workers, marking a historic win for the 89-year-old union wsj.com/business/autos… via The Wall Street Journal

Exclusive: Skydance Media, which is in exclusive merger talks with Paramount, expects to more than double its revenue and triple its adjusted earnings in the coming years. Jessica Toonkel lays out the company's previously-undisclosed financials in this piece. wsj.com/business/media…

'There is so much peer pressure on the community here,” said Merczynski, whose company, MAGA Hammocks, makes Trump-themed hammocks and scarves. The “Fake News” hammock costs $499.24.
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