California
California was established as the 31st state on September 9, 1850. It consists of 163,696 square miles of land, is in the Pacific Time Zone (three hours behind the Eastern Time Zone), and its most-populated city is Los Angeles. The capital is Sacramento.
These are stories involving people, companies, products or services that are based in or otherwise connected to California.
Facebook parent Meta settles social media addiction lawsuit
The settlement, more than $18 billion, is substantially all of Meta's second quarter profit, according to financial disclosure reports.
California AG cancels Paramount settlement talks over press leaks
California Attorney General Rob Bonta said his office would be willing to meet again if Paramount “stops playing games and engages sincerely.”
Paramount says states should settle lawsuit over Warner Bros merger
Paramount wants California AG Rob Bonta and eleven other state AGs to respect the authority of nearly 70 other jurisdictions that have approved its deal to acquire Warner Bros Discovery.
Nexstar begins replacing TEGNA board after judge says structure violated injunction
Four of five current or former Nexstar executives appointed to TEGNA's Board of Directors have resigned, and the fifth will do so when a new Board is created, the company said in a court filing this week.
FIRST ON THE DESK
Hearst Television promotes Derek Schnell to Vice President, News
Hearst Television has promoted veteran news executive Derek Schnell to Vice President, News, expanding his role across the company’s local television news operations.
EXECUTIVE MOVES
Paramount weighs independent board over CBS News, CNN concerns
The discussions come as Paramount seeks to acquire Warner Bros Discovery, CNN’s parent company, in an $81 billion deal.
California AG Bonta accuses Paramount’s Ellison of “blackmail” over lawsuit
The lawsuit, brought by California and other state attorneys general, seeks to block Paramount’s proposed merger with Warner Bros Discovery.
Judge says Nexstar can’t appoint its executives to TEGNA’s Board of Directors
The order says current and former Nexstar officers, employees, directors, consultants and other affiliated personnel are prohibited from serving on TEGNA’s board.
FIRST ON THE DESK
Nexstar CEO open to settling antitrust lawsuit over TEGNA merger
During a conference call on Thursday, Nexstar CEO Perry Sook said he is open to a settlement in its ongoing antitrust case over the TEGNA merger.
Paramount agrees to delay Warner Bros Discovery merger indefinitely
The company expects to restart the merger process next summer, but a prolonged legal battle with officials in California and elsewhere effectively pauses the deal for the foreseeable future.
Judge extends restraining order over Paramount-Warner Bros deal
The order was extended because the parties involved in the lawsuit need more time to develop arguments, gather evidence and confer on the matter, the judge wrote.
AT&T improves wireless churn in Q2, charts course toward 40 million fiber passings
The company added 432,000 postpaid phone subscribers, with phone churn improving to less than 1 percent; the company outlined plans to expand its fiber footprint.
EARNINGS REPORT