![]() ![]() Letter to Shari Redstone: You’re Conflating the Antisemitism Fight With Press Freedom, and You Will Lose BothBy Sharon Waxman There is nothing more important to Shari Redstone at this moment in time than her fight against rising antisemitism. I know because she’s told me. I know because she said so just this week. “I’ve been fighting racism and antisemitism for a long time, but after Oct. 7, it became my life,” the executive chairwoman of Paramount Global said at a screening for a heart-rending new documentary, “Children of October 7,” airing on Paramount+ and one of her networks, MTV. “It became the most important thing that I can do with my time — that I can teach my children, that I can bring people together to not just watch this movie but to share this with people they know, to tell the truth, to tell the stories.” ![]() Alphabet Profit Soars 46% in First Quarter to $34.5 Billion, Helped by AI-Assisted Search, YouTube AdsBy Kayla Cobb Alphabet, the parent company of Google and YouTube, reported a profit increase of 46% year-over-year its first quarter earnings for 2025 on Thursday. The company owes its growth to Google Search, which saw a boost in part thanks to the largest expansion to date for AI Overviews. The corporation also saw growth in YouTube ads; Google subscriptions, platforms and devices; and Google Cloud. ![]() FCC Seeks DEI Concessions From Paramount to Complete Skydance MergerBy Jeremy Fuster The Federal Communications Commission has reached out to Paramount Global about steps the company will need to take for its merger with Skydance Media to be approved. According to the Wall Street Journal, which first reported the talks, the FCC will require the merged company to continue to abstain from any diversity, equity and inclusion programs (DEI), making good on public comments from Trump-appointed chair Brendan Carr last month promising to make DEI abolition a prerequisite for any M&A approval. ![]() Discover why entertainment executives and professionals rely on the WrapPRO platform daily for exclusive coverage, analysis, deeper reporting, and access to VIP events & screenings throughout the year. |