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09.05.2023 / 17:27

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Paramount Media Networks, Showtime and MTV Entertainment Studios to Lay Off 25% of Staff as MTV News Shuts Down

Jennifer Maas TV Business Writer Layoffs will be hitting 25% of employees across the Showtime, MTV Entertainment Studios and Paramount Media Networks groups in the U.S. Tuesday, following months of internal deliberations about integration amid Showtime’s rebranding into Paramount+ With Showtime. Additionally, MTV News — which was significantly affected by layoffs more than five years ago — will be shutting down. Other units, most of which are operations, will be shuttered as well. In a memo to staff, Showtime/MTV Entertainment Studios and Paramount Media Networks president Chris McCarthy said that, despite Paramount’s “success in streaming, we continue to feel pressure from broader economic headwinds like many of our peers,” and that “senior leaders in coordination with HR have been working together over the past few months to determine the optimal organization for the current and future needs of our business.”

Chris Maccarthy Jennifer Maas Entertainment Pop record president track mtv Strategy Lay

Mick Mulvaney Named Contributor at NewsNation

Brian Steinberg Senior TV Editor Mick Mulvaney, the former Director of the Office of Management and Budget acting White House Chief of Staff during the Trump administration, has been named a contributor to NewsNation, the upstart cable-news service operated by Nexstar Media. Mulvaney, who has left a contributor role at CBS News, is expected to take up his new duties immediately, appearing on the new politics-roundtable program “The Hill” at 5 p.m. Tuesday. “Mick’s enormous experience in the political sector will make him an incredible resource to viewers,” said Michael Corn, president of news at NewsNation, in a statement. “We are excited to welcome him to our growing powerhouse team of political analysts, especially as we enter another important election season.”

Stephen Colbert Michael Corn Brian Steinberg-Senior Mick Mulvaney president testing Digital Progressive Strategy Corning Nexstar NewsNation

Did you know that Michelle Obama has a food company?

Michelle Obama is taking on a new project. The former first lady, author and businesswoman is launching PLEZi Nutrition, a brand geared towards providing kids a healthier option for foods and beverages. Michelle Obama talks about losing friendships when entering the White HouseBarack and Michelle Obama’s night out with Bruce Springsteen and Steven Spielberg in SpainWatch Michelle Obama sing with Bruce Springsteen as Barack Obama cheers them onA post shared by PLEZi (@plezinutrition)Michelle Obama is listed as PLEZi’s co-founder and Strategic Partner.

Michelle Obama Bruce Springsteen Barack Obama Steven Spielberg county White country Waters Provident Strategy Company

Lachlan Murdoch Says $2.7 Billion Smartmatic Suit “Fundamentally Different” Than Dominion; No Change In Fox News Programming Strategy

No one was expecting an apology and in fact Fox CEO Lachlan Murdoch applauded “the highest journalistic standards” displayed at Fox News, saying the near $800 million settlement with Dominion Voting Systems was a business decision made to resolve the dispute and “avoid the acrimony of multi-year litigation.”

Tucker Carlson Lachlan Murdoch Fox Ceo USA reports google Manufacturing Strategy Enterprise Change

Women over State Pension age could be due up to £11,500 in back payments this year

The latest release from the Department for Work and Pensions (DWP) into State Pension underpayment errors shows that between January 2021 and February 2023, the administration exercise identified 46,716 cases owed a total of £300.1 million. The previous update issued in November 2022 indicated that 31,817 underpayments had been identified and £209.3 million repaid to claimants.

Helen Morrissey Twitter show Department Mobile action Progressive Strategy

Fox CEO Lachlan Murdoch Sees Little Impact From WGA Strike Given Company’s Focus On Sports, News & Unscripted Fare

Fox CEO Lachlan Murdoch says Fox Corp. is in a good place despite the ongoing WGA strike given its mix of programming.

Fox Corp Lachlan Murdoch Fox Ceo Entertainment sports google Strategy Enterprise

Fox Swings To $50 Million Quarterly Loss On Dominion Settlement

Fox Corp. said it swung to a $50 million loss last quarter from a $290 million profit the year before mostly due to the cost of a legal settlement with Dominion Voting Services.

Rupert Murdoch Tucker Carlson Fox Corp Lachlan Murdoch state Delaware reports classical sports google Strategy Enterprise

New State Pension pay rates this year could see older people get up to £815 each month

Millions of older people will receive a State Pension boost this year after weekly payments increased by 10.1 per cent in April as part of the annual benefits uprating. The latest figures from the Department for Work and Pensions (DWP) show there are now 12.6 million people across Great Britain receiving State Pension payments, including 992,052 living in Scotland.

Britain Scotland Twitter show Department Mobile Strategy

Fox Q3 Profit Wiped Out By Dominion Defamation Settlement

Brian Steinberg Senior TV Editor The costs of settling a closely scrutinized defamation lawsuit levied by Dominion Voting Systems wiped out profit at Fox Corp., spurring a loss of more than $50 million in its third fiscal quarter despite seeing increases in revenue from advertising and distribution. The costs of setting the suit — Fox agreed to pay $787.5 million to settle claims that Fox News personalities had deliberately passed along erroneous information about Dominion’s role in the 2020 presidential election — that it offset a 43% gain in advertising during the quarter due to Fox’s broadcast of Super Bowl LVII, typically an event that boosts corporate performance year in and year out. Fox posted a loss of $54 billion, compared to profit of $283 billion in the year-earlier period. It attributed the loss to “charges associated with legal settlement costs at Fox News Media.”

Fox Corp Lachlan Murdoch Brian Steinberg-Senior Fox Ceo performer audience 2020 information Strategy

Nexstar’s Q1 Ad Sales Dip 6% as the CW Network Helps Digital Revenue Grow 16%

Jennifer Maas TV Business Writer Nexstar reported its first-quarter 2023 earnings Tuesday, revealing its overall ad sales were down 6% year-over-year but its digital revenue increased by a record 16.5%, in part due to the inclusion of the CW Network in its offering. Wall Street forecast earnings per share (EPS) of $2.67 on $1.24 billion in revenue, according to analyst consensus data provided by Refinitiv. Nexstar reported diluted EPS of $2.97 on $1.26 billion in revenue. “Nexstar’s first quarter financial results once again outperformed consensus expectations across all key financial metrics including net revenue, Adjusted EBITDA and attributable free cash flow. All-time high quarterly distribution revenue and the benefit of The CW acquisition more than offset the cyclical year-over-year decline in political and Olympic advertising, resulting in record first quarter net revenues for the Company. We returned nearly 60% of first quarter attributable free cash flow to shareholders in the form of dividends and share repurchases.

Jennifer Maas reports record Digital Mobile Provident Strategy Nexstar

Paramount Names Michael Engleman CMO Paramount+ Domestic & Showtime; Puja Vohra Is EVP, Consumer Marketing

As the official rollout of “Paramount+ with Showtime approaches, the Paramount Global platform unveiled a unified Paramount Streaming Data & Marketing Group led by Domenic DiMeglio, EVP and chief marketing officer, Paramount Streaming.

Domenic Dimeglio New York social reports Digital google Platform Strategy Enterprise

Paramount Names Michael Engleman CMO of Paramount+ Domestic and Showtime, Puja Vohra Upped to EVP of Consumer Marketing Under Domenic DiMeglio

Joe Otterson TV Reporter Paramount’s Streaming Data & Marketing Group is making two high-profile changes under Domenic DiMeglio, the executive vice president and chief marketing officer of Paramount Streaming. Firstly, Michael Engelman has been named chief marketing officer of Paramount+ Domestic and Showtime. In that role, he will oversee consumer marketing, strategy, partnerships, lifecycle marketing, customer care, and social and creative execution for all U.S. campaigns. He will be based in Los Angeles. Secondly, Puja Vohra has been named executive vice president of consumer marketing for Paramount+ and Showtime. She will oversee brand, media, and program marketing for Paramount+ and Showtime and will be based in New York.

Gary Levine Jana Winograde Joe Otterson Domenic Dimeglio New York Los Angeles social reports president Platform Strategy

SNP MP Joanna Cherry threatens legal action against The Stand comedy club over cancellation row

An SNP MP is threatening to sue a leading Scottish comedy club for cancelling an event over her views on trans rights.

Joanna Cherry Scotland show record symptomatic action Waters Strategy Bill

‘The Marvelous Mrs. Maisel’ Could Hit Syndication As Combined Amazon MGM Studios Distribution Launches

Michael Schneider Variety Editor at Large Original Amazon series like “The Marvelous Mrs. Maisel” will be sold off-platform to third parties for the first time, the company announced Monday as it launched the new Amazon MGM Studios Distribution. A revamp of MGM’s pre-existing distribution team, the division will now handle Amazon Studios/Prime Video originals in addition to current and library titles. Chris Ottinger, who led the MGM distribution team for more than a decade, will oversee the new division. Ottinger will report to Brad Beale, the VP of worldwide licensing and distribution at Amazon and MGM Studios; Beale, in turn, reports to Amazon/MGM Studios head Jennifer Salke.

Jennifer Salke Michael Schneider film show performer audience reports MGM Strategy Amazon MGM Amazon MGM Studios

Lionsgate Domestic Distribution Boss David Spitz Exits; STX’s Kevin Grayson To Replace Him

EXCLUSIVE: Longtime Lionsgate Film Distribution Head David Spitz is exiting, Deadline has learned, with former STX distribution vet Kevin Grayson getting named President of Domestic Distribution of the studio’s motion picture group.

Guy Ritchie David Spitz Adam Fogelson county Perry Mauritania Entertainment film president exclusive google Strategy Enterprise

Eight CBS-Owned Stations to Drop CW Affiliation in September

Joe Otterson TV Reporter Eight CBS-owned TV stations will be dropping their affiliation with The CW and becoming independent stations as of September. The stations are: WPSG Philadelphia (DMA #4), WUPA Atlanta (DMA #6), KBCW San Francisco (DMA #10), KSTW Seattle (DMA #12), WTOG Tampa-St. Petersburg (DMA #13), WKBD Detroit (DMA #14), KMAX Sacramento (DMA #20), and WPCW Pittsburgh (DMA #26). This will give the CBS Stations group a total of 14 CBS Television Network stations and 13 independent stations. “We look forward to reimagining these stations as independents while leveraging the considerable value of their prime-time real estate in each of the markets,” said Wendy McMahon, president and co-head of CBS News and Stations. “It’s an exciting time to look at new opportunities to add local programming, including live sports, and shows from across the Paramount Global brands. We are also grateful to have been part of The CW for 17 memorable years and wish our partners at Nexstar continued success.”

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