Media Business News: Tuesday, August 8th

Company News & Strategic Moves

• The CW Posts $78 Million Q2 Loss as Nexstar Brass Promise ‘Moneyball’ Content Spend Strategy at Revamped Broadcaster - Variety
• RTL Group Revenue and Profits Hit by Weak Advertising in First Half, as Streaming Continues Growth - Variety
• Patrick Drahi Says Altice France’s BFM TV & RMC Networks Not For Sale As He Sets Out Debt Reduction Plan - Deadline
• Toby Jones & David Morrissey Board ITV Yorkshire Ripper Drama; UK Unscripted Working Group; Lynne Ramsay Sarajevo; Warner Bros. Discovery J:COM Deal; BBC Studios Partners With Pinterest – Global Briefs - Deadline
• Fox Advertising Revenue Slips to $1B, But Meets Wall Street Targets - Hollywood Reporter
• Charlie Ergen Wants to Reunite His Telecom Empire Via All-Stock Merger of Dish Network and EchoStar - Hollywood Reporter
• AMC Theatres Swings to Profit, But CEO Warns of “Potentially Severe Liquidity Hurdles” - Hollywood Reporter
• Streaming Growth Slim Silver Lining at Fremantle Parent RTL Group - Hollywood Reporter
• FUBOTV delivered $305 Million USD in revenue in North America in Q2 - Señal News

People Movements

• Priya Dogra Exiting Warner Bros. Discovery After 14 Years - Hollywood Reporter
•  UKTV taps Tracy-Jean for its Commissioning Team - Señal News

Film Festivals & Events

• New York Film Festival Unveils 2023 Lineup: ‘Zone of Interest,’ ‘Poor Things,’ ‘Anatomy of a Fall’ and More - Variety
• India-China Locarno Film ‘Rapture’ Explores the Politics of Fear - Variety
• TIFF Closing Night Gala Is Netflix Sylvester Stallone Docu ‘Sly’ - Deadline