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Sony Pictures reports Q1 operating income up 21% YoY to $156M, revenue down 13% to $1.978B, with Motion Pictures group revenue down 13% to $645M (Todd Spangler/Variety) Main Link | Mediagazer Permalink

A State Department political appointee simultaneously running USAGM would turn a trustworthy journalism source into state propaganda, pleasing US adversaries (Clayton Weimers/The National Interest) Main Link | Mediagazer Permalink

US HHS Secretary Robert F. Kennedy Jr. launches The Real Food Show, a cooking series on YouTube focused on healthy, inexpensive meals (Max Rego/The Hill) Main Link | Mediagazer Permalink

Sarah B. Rogers, Trump's nominee to lead USAGM, says she would reinstate some agency employees; if confirmed, she would still serve in the State Department (Minho Kim/New York Times) Main Link | Mediagazer Permalink

Swiss film producer Simon Afram sues Netflix for $105M, saying Netflix lost an unencrypted copy of a film starring Nicolas Cage that he spent $45M to produce (Gene Maddaus/Variety) Main Link | Mediagazer Permalink

Sources: Disney is selling its 50% stake in A+E Global Media to co-owner Hearst Communications in a deal believed to be all in cash and worth north of $1B (Nellie Andreeva/Deadline) Main Link | Mediagazer Permalink

Apple reports Q3 revenue from Services, which includes the App Store, Apple TV, and more, grew 12% YoY to $30.74B, vs. $31.36B est.; AAPL drops 4%+ after hours (Todd Spangler/Variety) Main Link | Mediagazer Permalink

Filing: Anne Sweeney has resigned from Netflix's board after more than 11 years; the company noted her departure is not due to any disagreement (Todd Spangler/Variety) Main Link | Mediagazer Permalink

Reddit reports Q2 revenue up 61% YoY to $805M, vs. $730M est., forecasts Q3 revenue above est., says search referrals were "choppy"; RDDT drops 6%+ after hours (Jonathan Vanian/CNBC) Main Link | Mediagazer Permalink

Amazon reports Q2 ad revenue up 26% YoY to $19.81B, vs. $19.43B est., and subscription services revenue up 12% YoY to $13.73B (Annie Palmer/CNBC) Main Link | Mediagazer Permalink

NBCU's deal with YouTube Premium signals a new phase in the streaming wars where platforms weigh deals with other companies to add content to their platforms (Alex Sherman/CNBC) Main Link | Mediagazer Permalink

Henry Chu, a longtime foreign correspondent and editor, is named curator of the Nieman Foundation for Journalism, after serving as deputy and interim curator (Harvard University Gazette) Main Link | Mediagazer Permalink

LinkedIn introduces a "seems like AI slop" button to allow users to report a post they think is AI-generated (Joseph Cox/404 Media) Main Link | Mediagazer Permalink

Universal Music Group reports Q2 subscription revenue of €1.37B vs. estimates of €1.33B, helped by price hikes, the purchase of Downtown Music, and new releases (Charlotte Hughes-Morgan/Bloomberg) Main Link | Mediagazer Permalink

Filing: Disney and ABC say the FCC is retaliating against ABC because Trump doesn't like its programming and urge the FCC to stop efforts to block ABC licenses (Todd Spangler/Variety) Main Link | Mediagazer Permalink

DAZN gets exclusive streaming rights of Timberwolves local telecasts for the 2026-2027 season; sources: it's expected to close deals with four other NBA teams (Tom Friend/Sports Business Journal) Main Link | Mediagazer Permalink

In an open letter, the Scottish Beacon calls on the Scottish government to create a local news fund, invest in public ads, and fund journalism placements (The Scottish Beacon) Main Link | Mediagazer Permalink

SiriusXM reports Q2 revenue up 1% YoY to $2.16B, net income up 17% YoY to $239M, and net gain of 22K paid subscribers for a total of 33M; SIRI falls 12%+ (Caitlin Huston/The Hollywood Reporter) Main Link | Mediagazer Permalink

AMC Global Media reports Q2 net revenue down 8.8% YoY to $547M, streaming revenue up 6% to $180M due to price hikes, and domestic ad revenue down 11% to $109M (Kayla Cobb/The Wrap) Main Link | Mediagazer Permalink

AMC and Netflix sign a five-year, $500M, non-exclusive global deal for all Walking Dead spin-offs; AMC+ will get the original series for the first time in 2027 (Alex Weprin/The Hollywood Reporter) Main Link | Mediagazer Permalink