Canal+ reported first-half revenue of €4.29 billion, up 40%, boosted by its $2B acquisition of Africa’s MultiChoice. Excluding MultiChoice, revenue growth was 1.4% year on year. Adjusted EBIT rose 68% to €433M with a 10.1% margin, and Canal+ said it has reached €250M in synergies from the takeover. The results underline the group’s Africa expansion strategy and are seen as supportive for its listed parent (SUS).

UK Culture Secretary Lisa Nandy said she is “minded” to intervene in Paramount’s $110 billion merger with Warner Bros. Discovery, a step that could open a formal regulatory review. If the deal does not close by the end of September, Paramount has committed to pay WBD shareholders a ticking fee of 25 cents a share per quarter—about $650M—for each quarter beyond Q3. The article also identifies Netflix as a past potential bidder for WBD and says its interest previously triggered greater concern among UK politicians, making current regulatory delays a more salient point of comparison.

Paramount has submitted concessions to the European Commission as it seeks clearance for its $111B acquisition of Warner Bros Discovery, aimed at easing antitrust concerns. The Commission confirmed the filing and set a new provisional decision deadline of July 22, extended from July 7. In the UK, Culture Minister Louise Nandy said she was minded to intervene and is assessing the deal on media plurality grounds, while the Competition and Markets Authority continues a separate investigation.

Dish DBS, the satellite TV business owned by EchoStar, filed for Chapter 11 protection on Tuesday in federal bankruptcy court in Houston. The company said the filing is part of a prepackaged restructuring plan supported by 88% of Dish bondholders. Dish has faced mounting debt and litigation, while a delayed $20 billion spectrum sale to AT&T added to liquidity pressure. EchoStar, which merged with Dish in 2024, has also been working to manage $25 billion in debt as Dish’s subscriber base has shrunk to 5 million satellite users plus 2 million Sling TV users.

UK Culture Secretary Lisa Nandy said she is “minded to intervene” in Paramount’s $110 billion takeover of Warner Bros. Discovery, citing potential implications for media plurality, and has notified both companies. The parties must submit their final representations by July 6. If an Intervention Notice is issued, Ofcom would assess the public interest and the Competition and Markets Authority (CMA) would open a competition review. Paramount said it sees no media plurality concerns and still expects to complete the deal in the third quarter of this year, though regulatory uncertainty has materially increased.

Comcast (CMCSA) said it will separate its media operations by spinning off NBCUniversal and Sky into an independent, publicly traded company through a tax-free transaction. The new company will include Universal Studios, film and television production, the Peacock streaming service, major sports rights including the Olympics and the Premier League, as well as news and theme park assets. As a standalone entity, NBCUniversal will be able to finance independently, invest, and execute strategy, strengthening content IP, technology coordination, and global distribution. The restructuring is a clear corporate-structure catalyst that affects how CMCSA’s equity value could be parsed and how the potential new NBCU listing may be priced.

The European Commission is expected to approve Paramount Global and Warner Bros. Discovery’s $110B merger by July 7 without opening an in-depth investigation, the Financial Times reported. The companies have met with Commission officials and are expected to offer limited remedies, which could include ending Paramount’s international distribution deal with Universal Pictures or divesting children’s TV assets. The development reduces the transaction’s perceived regulatory risk, while the UK continues a separate review.

Three Democratic U.S. senators urged FCC Chairman Brendan Carr to prevent the Paramount–Warner Bros. Discovery merger from closing until a national security review of the combined company’s 49.5% foreign ownership is completed. Paramount has said 38.5% would come from investment funds tied to Saudi Arabia, Qatar and Abu Dhabi, and the review has begun a 120-day clock that could end earlier. The companies have pledged to close by September 30 or pay shareholders a “ticking fee” of several million dollars per day, after the Justice Department ended its antitrust review without a challenge. The deal still needs FCC approval as well as review by UK and European Union regulators and a group of state attorneys general.