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From this week's Hot Off the Press: The media landscape is facing significant shifts as industry giants adjust to new realities. Paramount Global and Warner Bros. Discovery are grappling with billion-dollar write-downs on their cable TV businesses, signaling the continuing decline of traditional media models. Meanwhile, Red Ventures has sold CNET to Ziff Davis, marking a major change for the tech news site. In other news, TV industry staples Broadcasting & Cable and Multichannel News are shutting down, reflecting a broader strategy shift toward digital content and events. Axios is also downsizing as it refocuses on core areas amid increasing competition and the rise of AI in news. Read more here: https://lnkd.in/eeBMPQHd #HotOffThePress #MediaTrends #MediaStrategy #DigitalTransformation #PRInsights #HOTP

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