Weinstein Stays in Jail After Conviction Reversal, LA Times Owner Pulls More Strings and Paramount Irons Out Skydance Details

Plus: USC cancels commencement amid student protests, YouTube books $8.1 billion in ad revenue and Roku shares slip after lower earnings outlook for second half of 2024 [Harvey Weinstein]( [Will Harvey Weinstein Stay in Jail After Rape Conviction Reversal?]( By Andi Ortiz Harvey Weinstein’s 2020 conviction on felony sex crime charges was overturned and a retrial was ordered by New York’s top court on Thursday morning, stunning just about everyone. Now the question is: what happens next? On Thursday morning, it was revealed that the New York State Court of Appeals found that the judge who handled Weinstein’s trial “erroneously admitted testimony of uncharged, alleged prior sexual acts.” [Read More]( --------------------------------------------------------------- [Patrick Soon-Shiong attends the Ambrosetti International Economic Forum 2018 in Como, Italy]( [LA Times 'Trapped in a Mess' as Owner Patrick Soon-Shiong Pulls More Newsroom Strings | Exclusive]( By Sharon Knolle The Los Angeles Times newsroom continues to feel the invisible hand of owner Patrick Soon-Shiong in coverage of his pharma research, home page choices and in pushing for livestream video, TheWrap has learned. Times staffers were “very uncomfortable” with an order this week to cover FDA approval of a cancer treatment developed by ImmunityBio, a biotech company owned by Soon-Shiong, according to two insiders who spoke to TheWrap. [Read More]( --------------------------------------------------------------- [Skydance Media CEO David Ellison and National Amusements President Shari Redstone]( [Paramount, Skydance Make Progress on Potential Acquisition]( By Jeremy Fuster Paramount and Skydance are inching closer towards a potential merger that would see David Ellison’s media company buy out Paramount’s controlling shareholder Shari Redstone. According to individuals with knowledge of the talks who spoke to TheWrap, Skydance has agreed as part of a potential merger deal to infuse between $4.5 and $5 billion of fresh capital into Paramount, $2 billion of which would be used to buy Redstone’s shares and to settle the company’s debts. Ellison would become CEO of Paramount, replacing current CEO Bob Bakish, with former NBCUniversal CEO Jeff Shell serving as president. [Read More]( --------------------------------------------------------------- [Pro-Palestine students march and hold signs as they protest the Israel-Hamas War on the campus of the University of Southern California]( [USC Cancels Commencement Amid Student Protests, Arrests Over Israel-Gaza Conflict]( [youtube-logo]( [YouTube Delivers $8.1 Billion in Ad Revenue During Q1, a 20% Increase]( [Roku Earnings]( [Roku Stock Reverses Gains After Streamer Warns Adjusted Earnings Will Moderate in Second Half of 2024]( [FCC Vote Restores Net Neutrality Rules for Broadband Providers]( --------------------------------------------------------------- [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](