Cesar Conde Copes With Fallout From Ronna McDaniel Revolt, S&P Downgrades Paramount to Junk Status and Shane Smith Scrambles to Save What’s Left of Vice

Plus: Ryan Gosling launches production company, Fox restructures studios and network leadership and an Israeli director feels ‘stabbed in the back’ by global left [Cesar Conde and Ronna McDaniel]( [NBC News and Ronna McDaniel: What’s the Fallout for Cesar Conde? | AnalysisÂ]( By Lucas Manfredi and Natalie Korach It’s been a tough week for NBCUniversal News Group chairman Cesar Conde, whose meteoric rise to run the legendary news brand after a career at Telemundo and Univision has hit a major speed bump: the revolt of his on-air talent over the hiring of former RNC chair Ronna McDaniel. The fiasco — involving on-air scoldings from marquee anchor Rachel Maddow and veteran Chuck Todd before a reversal of the decision — marks a major blunder for Conde, who has only been in his current role for four years, and who has been lauded as the first Hispanic to lead a major English-language television news organization. [Read More]( --------------------------------------------------------------- [Paramount logo]( [Paramount Global Credit Rating Downgraded to Junk Status by S&P, Warned to Improve Streaming Losses]( By Sharon Knolle S&P Global lowered Paramount Global‘s credit rating on Wednesday to junk status and warned that more downgrades would be forthcoming unless the company “substantially improve[s] streaming losses.” Paramount’s rating was lowered to BB+ from BBB- due to “accelerating declines in linear media” and the “shift toward a more competitive and less certain streaming model.” [Read More]( --------------------------------------------------------------- [Shane Smith, co-founder of VICE]( [Shane Smith Scrambles to Save What’s Left of Vice, the Media Empire He Built – and Blew Up | Exclusive]( By Sharon Waxman and Emily Smith When Vice cofounder Shane Smith disappeared from public view five years ago, it seemed about time. The swashbuckling entrepreneur had cut a giant swath through media and finance for a decade with the promise of transformative change for news, the claim of millennials’ attention and a vision — or so he said — for building a $50 billion brand. [Read More]( --------------------------------------------------------------- [Ryan Gosling]( [Ryan Gosling Launches Production Company General Admission, Inks First-Look Deal With Amazon MGM Studios]( [Fox logo]( [Fox Entertainment Promotes Fernando Szew to Lead Studios, Michael Thorn as Network Chief]( [Gidi Dar, Sharon Israel]( [An Israeli Director Feels ‘Stabbed in the Back’ by the Global Left]( [Darren-Star]( [Darren Star Leaves Paramount for Overall Deal at Universal TV]( --------------------------------------------------------------- [Wrap Pro logo] 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. [Subscribe Today]( --------------------------------------------------------------- [Facebook]( [Twitter]( [Instagram]( [YouTube]( TheWrap | 2034 Armacost Ave Los Angeles, CA 90025 [Preferences]( | [Unsubscribe]( [LiveIntent Logo]( [AdChoices Logo](