Variety


				













	Paramount Global said its looming merger with Skydance Media spurred a goodwill impairment charge of $5.98 billion in its second quarter, the latest warning sign for a media industry that is seeing audiences abandon cable in favor of streaming video in a manner that is upending the economics of the sector.Warner Bros. Discovery Stock Crumples to All-Time Lows After Huge Q2 Impairment Charge




	The company, which owns CBS, the Paramount movie studio and cable networks such as Comedy Central, Nickelodeon and MTV, said overall revenue in the period fell 11% thanks to declines tied to its film and traditional TV operations....

Paramount Takes $5.98 Billion Write-Down on Cable Networks in Q2 Tied to Skydance Deal While Streaming Turns First Profit

Warner Bros. Discovery shares plunged Thursday after the entertainment company recorded an almost $10 billion second-quarter loss, hit by a write-down in the value of its cable networks. The company posted a $9.1 billion non-cash goodwill impairment charge from its cable networks segment, as CNN and TNT, among others, continue...

Warner Bros. Discovery Stock Tumbles as Cord-Cutting Fuels $10B Quarterly Loss

TheWrap

WBD’s $10 billion net loss shocked Wall Street while Disney turned a corner on streaming profitability ahead of schedule
The post Disney vs. Warner Bros. Discovery: A Tale of 2 Earnings | Analysis appeared first on TheWrap.

Disney vs. Warner Bros. Discovery: A Tale of 2 Earnings | Analysis

IndieWire
















This summer’s hottest trend? Revising the value of your cable channels (down, way down).AMPAS Elects New Board of Officers to Run Academy Foundation



On Wednesday, Warner Bros. Discovery realized its cable networks were worth $9 billion less than it originally thought. On Thursday, Paramount Global reduced the book value of its own cable channels by nearly $6 billion. WBD’s internal audit was triggered by its loss of NBA rights; Paramount recorded the “goodwill impairment charge” based on what Skydance is paying for the company and its networks. These changes do not impact cash flow.



With the giant accounting maneuver, Paramount Global posted...

And Now Paramount Has Lowered the Value of Its Cable Channels by $6 Billion


				













	Footage and clips from several unreleased Netflix anime shows, including some full episodes, have leaked online after hackers stole the content from one of the company’s post-production partners. Those include Netflix’s “Arcane” Season 2 and “Terminator Zero.”'Godzilla vs. Kong' Star Oguri Shun, 'Rurouni Kenshin' Actor Aoi Yu to Lead Netflix-Toho Series Reboot of Classic Film 'Human Vapor'




	“One of our post-production partners has been compromised and footage from several of our titles has unfortunately leaked online,” a Netflix spokesperson said in a statement to Variety. “Our team is aggressively taking action to have it taken down.”




	In addition to “Arcane” S2 and...

Episodes of Netflix Anime Shows Including ‘Arcane,’ ‘Terminator Zero’ Leak Online; Streamer Cites Security Breach at Post-Production Partner

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Herbie J Pilato

Actor Buddy Ebsen, who died at age 95 in 2003, found fame by starring in two of the most popular classic television shows in history: The Beverly Hillbillies (CBS, 1962 to 1971) and Barnaby Jones (CBS, 1973 to 1980). On the Hillbillies, he played former Tennessee country mountain-folk-turned-wealthy Beverly Hills resident Jed Clampett. On Barnaby Jones, he was one of TV's most senior, slyest, health-conscious detectives. Ebsen, however, almost became even more famous for a certain big-screen classic film in which he ultimately did not appear.

'Beverly Hillbillies" Actor Buddy Ebsen Was "Bitter" about not playing the Tin Man in 'Wizard of Oz'

Kansas City, MO

Kentucky Vibes.net

Disclaimer: This article was written with the help of A.I. software. Kansas City Chiefs quarterback Patrick Mahomes, known for his prowess on the football field, made a personal announcement during a press conference on Tuesday. The three-time Super Bowl champion revealed that he and his wife, Brittany Mahomes, are expecting their third child and that this will be their last.

Patrick Mahomes Reveals He's 'Done' Having Kids with Wife Brittany Mahomes After Baby No. 3

[Note: Unless otherwise indicated, all quotes and commentary from Donna Douglas are from an interview with her conducted by the author.]. Donna Douglas, who died of pancreative cancer at 82 in 2015, was an honest-to-goodness Southern Belle who displayed a natural beauty and talent in her portrayal of the hollering, rope-wearing, whistle-happy, and critter-cuddling Elly May Clampett on the 1960s classic TV hit, The Beverly Hillbillies.

TV's Beloved 'Beverly Hillbillies' Actress Donna Douglas: Nine Years After Her Death

Polk County, FL

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Fort Meade, FL

Uncovering Florida

The Polk County Sheriff's Office has made an arrest after conducting an investigation into a case of credit card fraud involving 28-year-old Burger King employee, Kellyn Miley. The incident was discussed in detail during this morning's briefing with Sheriff Grady Judd.

Burger King Employee Caught Using Customer's Credit Card for Food at Former Job

Chicago, IL

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Los Angeles, CA

L.A. TACO

Last month, the Los Angeles Police Department (LAPD) released video footage that shows a veteran LAPD officer chasing a young man through a Pacoima housing project before fatally shooting him in the back as he ran away.

20-Year-Old Fatally Shot in The Back By LAPD Officer in Pacoima Projects

Alabama State

Los Angeles County, CA

It's been 21 years since actress/singer Nell Carter, best known for the 1980s NBC sitcom, Gimme a Break!, died of natural causes at only 54. This is her story. Nell Carter was born September 13, 1948, in Birmingham, Alabama. After initially finding fame on and off-Broadway, and via a brief role in 1977 on the TV datime drama, Ryan's Hope, Carter took the lead in Ain't Misbehavin'!, a live stage revue of the works of composer Fats Waller.

The Brief Life & Tragic Death of Nell Carter ('Gimme A Break' & 'Ain't Misbehavin'): 21 Years Later

Tom's Guide

Netflix is only getting a small handful of new movies this month — but here are the 3 you need to watch right now.

3 new to Netflix movies with 90% or higher on Rotten Tomatoes

Primis Bank is offering a remarkable fee-free checking account that pays 6.00% APY. That outdoes even the best CDs and high-yield savings accounts, which currently max out at 5.50%. Primis' 6.00% Novus Checking rate is available to new customers who set up a monthly direct deposit of at least $1,200.

This Checking Account Pays 6.00%—And It’s Guaranteed for 6 Months

Denver, CO

David Heitz

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

Adam Rich was born on October 12, 1968, lived a troubled life, and died on January 7, 2023, at only 54 years old. This is his story. He lived in the Granada Hills area of Los Angeles with his parents and younger brother. The Rich family resided for a time in Florida where Adam studied acting at the local gym.

A Look Back at the Tragic Life and Death of Former Child Star Adam Rich (TV's 'Eight is Enough')

HuffPost

A neo-noir thriller and a comedy-horror film are also trending on streaming services including Hulu, Max, Apple TV+ and Peacock.

This Box Office Flop Is The Top Movie On Netflix Right Now

South Carolina State

Explore Beaufort SC

The mantis shrimp is one tough customer. Beautiful and deadly are two words you don’t typically use to describe shrimp, but the mantis shrimp is definitely in a class of its own; earning a reputation as the ‘savage boxer of the sea’ and one of the most fearsome creatures in the ocean. And, they're right at home here in South Carolina.

Savage Boxer of the Sea: The Deadly Beauty of Mantis Shrimp

Florida State

With hurricane season posing a consistent threat six months out of the year, who would not like a little help getting their home ready for the harsh weather to come? Senate Bill 7028: My Safe Florida Home Program, approved by Governor DeSantis on April 24, 2024, and effective as of July 1, appropriates a one-time total of $200 million from 2024 to 2025 for the purpose of funding hurricane mitigation grants and inspections, as well as outreach and administration costs, to support homeowners in Florida.

DeSantis Signs New Bill Giving $200 Million To Homeowners

Refinancing applications surged last week as homeowners pursued lower borrowing costs amid a decline in interest rates. Refinancing activity rose 16% from the week prior and comprised a greater share of total mortgage applications, which increased 6.9%, the Mortgage Bankers Association said Wednesday. Refinancing activity last week was nearly 60%...

Homeowners Rush To Refinance As Mortgage Rates Drop

NewsBreak

Paramount To Cut 2,000 Jobs, Posts $6B Write-Down

Paramount Global wrote down the value of its cable-TV networks by nearly $6 billion, a day after Warner Bros. Discovery also took a massive charge. It...

Paramount To Cut 2,000 Jobs, Posts $6B Write-Down

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