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Charlotte Tobitt / Press Gazette: 2 hours ago
The FT Group's unaudited global results show 2025 revenue up 5% YoY and operating profit up 23% to £51.8M; UK filings report 1.47M digital subscribers, up 9%
Reuters: 3 hours ago
Chinese local governments are offering subsidies like computing vouchers, rent waivers, and dedicated funding to lure AI filmmakers as part of China's AI push
Lauren Johnson / Adweek: 9 hours ago
McDonald's launches McDonald's Media Network, pitching customer data to brands and selling ads in its app, kiosks, and menus, targeting $1B in ad revenue
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Top News
Michael M. Grynbaum / New York Times:
The White House TV pool remained suspended as of Thursday evening, as networks awaited a formal White House agreement to let CNN participate again in the pool
RELATED:
CNBC:
The White House readmitted journalists from MS NOW, CNN, and Politico on Thursday after a judge ordered the WH to explain why it didn't restore access
Reuters:
A US federal judge orders the Trump administration to lift its White House ban on CNN, MS NOW, and Politico for 14 days, calling it likely unconstitutional
Todd Spangler / Variety:
The judge in the Paramount-WBD antitrust case holds off on approving a settlement until parties respond to concerns outlined in a letter by Senator Cory Booker
RELATED:
Todd Spangler / Variety:
Paramount says it is raising another $7.5B in debt to pay for its WBD acquisition and pay down other debt, bringing the total debt it intends to raise to $44.4B
ABC News:
An ad on Fox News and Newsmax, with clips of Trump and echoing Republican midterm election messaging, draws criticism for being “paid for by the US government”
Wall Street Journal:
Sources: MGM Resorts is weighing a bid to purchase Barry Diller's People Incorporated, after Diller withdrew People's bid to buy MGM; People holds ~27% of MGM
Katie Kilkenny / The Hollywood Reporter:
US lawmakers introduce legislation for a 20% base tax credit on film and TV labor costs for projects with budgets of $1M+ where 75% of filming occurs in the US
Brooks Barnes / New York Times:
Former Disney CEO Bob Chapek publicly addresses his 2022 firing in a forthcoming memoir, claiming he did “nothing” wrong and blaming his ouster on Bob Iger
Alex Weprin / The Hollywood Reporter:
Email to Puck staff: RedBird has completed its deal to become the lead investor in Puck, which is valued at $250M; TPG and Standard Investments will exit
Charlotte Tobitt / Press Gazette:
The FT Group's unaudited global results show 2025 revenue up 5% YoY and operating profit up 23% to £51.8M; UK filings report 1.47M digital subscribers, up 9%
New York Times:
Sources: A24, Sony Pictures, and NYT have registered interest in acquiring Letterboxd, which has a user base of 30M and is expected to be valued at $300M+
Reuters:
Chinese local governments are offering subsidies like computing vouchers, rent waivers, and dedicated funding to lure AI filmmakers as part of China's AI push
Tony Maglio / The Hollywood Reporter:
WWE Main Event moves from YouTube to Rumble starting October 14, with weekly shows streaming at 8pm ET Wednesdays
Lauren Johnson / Adweek:
McDonald's launches McDonald's Media Network, pitching customer data to brands and selling ads in its app, kiosks, and menus, targeting $1B in ad revenue
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