TV News Industry Continues to Convulse with Layoffs at CNN and Planned Cuts at NBC

CNN announced it is laying off 6% of its staff, or about 210 employees, in a memo sent to employees Thursday. NBC News is also planning layoffs this week, although the scale will be much smaller than those at CNN. Newsrooms around the U.S. are reorganizing around digital audiences as fewer people watch cable and […]
FOX Sports and LIV Golf to enter multi-year media rights agreement

FOX Sports and LIV Golf have announced a multi-year media rights agreement that will deliver live coverage of LIV Golf League competition to viewers throughout the U.S., beginning this February with the start of LIV Golf’s third official League season.
Disney to merge Hulu with Live TV business with Fubo

Fubo agrees to drop its antitrust lawsuit over Venu Sports, and accept a $220 million settlement while agreeing to build out Disney’s sports and broadcast streaming product.
Warner Bros Discovery sets stage for potential cable deal by splitting operations

Warner Bros Discovery on Thursday decided to separate its declining cable TV businesses such as CNN from streaming and studio operations such as Max, laying the groundwork for a potential sale or spinoff of its TV business as more cable subscribers cut the cord.
Media Deals Outlook: “Pent-Up Demand” to Fuel Big Year in 2025

Expect big M&A moves in the media-telecom sector, a closely-watched forecast from accounting firm PricewaterhouseCoopers says.
TV networks MSNBC and CNBC to be spun off by Comcast

US media giant Comcast is set to spin off its NBCUniversal cable television arm, as the industry continues to struggle with the emergence of streaming giants like Netflix and Amazon Prime.
Apollo Global Offers $11 Billion to Buy Paramount Film and TV Studios: Report

Apollo Global Management, a major private-equity firm, has submitted an $11 billion bid to acquire Paramount Pictures and the Paramount TV studios group, according to a published report. The Wall Street Journal, citing anonymous sources, reported that Apollo Global offered $11 billion for Paramount Global’s film and TV studio business. That would apparently not include CBS, Paramount Global’s cable networks […]
Elon Musk’s Grok AI Will be Open-Source This Week

Elon Musk’s artificial intelligence company, xAI, is working to make its chatbot, Grok, open-source, in a move set to rival the widely-used ChatGPT developed by OpenAI.
Former PGA Tour Star Nick Price Calls LIV Golf ‘Unwatchable’

Three-time major champion Nick Price has a strong message for LIV Golf’s players who quit the PGA Tour after slamming the product served up by the breakaway circuit The former PGA Tour star Nick Price is not a fan of LIV Golf, claiming the Saudi Arabia-bankrolled breakaway tour will continue to struggle to attract fans.
Disney Movie Club Closing; SONY to Take Over Disney’s Physical Media Production

There are some significant developments happening within the home video industry of late, developments that I’ve been spending a lot of time investigating and really digging into these past few weeks here at The Digital Bits. And I can now confidently report that one of them is this: Disney and Sony have just inked a major deal for […]