American media, telecoms and entertainment conglomerate
Comcast has announced a tax-free spin-off that will separate NBCUniversal and Sky into a standalone, publicly traded media company while leaving Comcast focused on broadband, wireless and business services. The company has said the separation will complete in about a year, executives told investors, and Comcast will initially keep up to 19.9% of the new media group.
Comcast has announced a planned separation of NBCUniversal from its core technology and telecommunications business, forming NBCUniversal as an independent media and entertainment group while Comcast retains the broadband and wireless unit. The move aims to unlock greater growth for both operations, with Sky remaining part of the broader group and a future UK investment plan in motion.
Axel Springer has completed its £575m takeover of Telegraph Media Group, ending three years of ownership uncertainty. The deal will accelerate the Telegraph’s digital transformation and push for growth in the US, leveraging the group’s Politico and Business Insider assets. Editorial independence is described as sacrosanct, with focus on expanding UK and overseas reach.
Trump Accounts are launching with a $1,000 federal seed for babies born 2025–2028, with philanthropic and employer contributions expanding the program. Morningstar warns outcomes depend on ongoing contributions and owner behavior; leakage could erode gains. Companies pledge to match and push auto-enrollment to broaden reach.
SpaceX COO Gwynne Shotwell has donated a portion of SpaceX stock to the Trump Accounts for more than 2 million U.S. children, with emphasis on those in lower-income areas near central Texas. The move follows earlier pledges from Michael and Susan Dell and other tech giants, as the program seeds $1,000 per child and enables future retirement-style accounts. Officials say donations accelerate the accounts’ rollout.
Sky has announced it will acquire ITV’s broadcasting and ITVX operations for £1.6bn, creating a major UK challenger to global streaming platforms. ITV Studios remains independent, and a long-term content-supply deal will see ITV Studios provide content to the merged group. Regulators will review the deal, which includes potential contingent payments based on advertising performance.
Goldman Sachs has updated its personal trading policy to bar employees from trading on event-based contracts tied to the bank, elections, financial markets and geopolitics. The move aims to curb the risk of insider trading and conflicts of interest as platforms like Polymarket and Kalshi expand activity. Other banks are reviewing policies as regulators watch closely.
FCC Chair Brendan Carr plans to vote at the August meeting to repeal the 39% cap on TV station ownership, adopting a case-by-case review. The move, backed by Nexstar and opposed by Democrats, seeks to expand local broadcasters’ reach while critics warn of risks to localism and competition.
Oil prices have risen this week after U.S. officials narrowed a waiver to the Jones Act for energy shipments and data showed U.S. crude stocks have fallen to multi-decade lows. Traders are parsing mixed statements from Washington and Tehran about talks to reopen the Strait of Hormuz while reparations demands have emerged, keeping markets volatile on 11 Aug 2026.
Spain has beaten Argentina 1-0 in extra time in the New Jersey final and the match has drawn record U.S. audiences: Fox's English broadcast has averaged about 38.9 million viewers and Telemundo/Peacock has added roughly 23.9 million, a combined total that far exceeds the 22.3 million U.S. viewers for the 2022 final.
The latest from multiple outlets shows ongoing US strikes on Iran continue, with Tehran signaling readiness to expand its regional actions. Israel remains on the sidelines for now, while diplomacy and economic pressure shape the broader confrontation.
NBCUniversal has struck a multi-year deal adding Peacock Premium to YouTube Premium in the U.S. from early 2027. Peacock, NBC’s live sports and popular shows will be accessible directly within YouTube, without extra charges for Premium subscribers. The move aims to broaden Peacock’s reach and boost advertising revenue, as NBCU expands distribution beyond its own apps.
The White House has convened a meeting with AI leaders to review a proposed cybersecurity framework for advanced models, following OpenAI's recent agent hacks and calls for greater government access. Attendees include executives from Hugging Face, Anthropic, and others; Meta and Alphabet may participate. Markets show mixed responses as investors watch the policy discussion unfold.
A Connecticut store manager is accused of ordering the highest-performing employee to tie a lower-ranked colleague to a chair and smash a cream pie in their face to boost sales and customer scores. The plaintiff, David Figueroa, has filed a civil complaint alleging a hostile work environment and negligence. Comcast denies the claims and says it will respond in court.
Disney’s experiences division has posted near $10 billion in quarterly revenue, a 10% year-over-year rise, driven by strong domestic attendance and promotions across parks and a recently expanded cruise fleet. Executives say marketing and new rides are fueling demand amid macro uncertainty.
Disney has struck a first-of-its-kind pilot deal with TikTok to allow fan-made videos using Disney and Pixar IP in Disney+ Vert s, with a U.S. rollout followed by other markets. The initiative marks a shift toward creator-led content and expands Disney’s short-form strategy amid flatlining traditional box office for some titles.
President has accelerated renovations at the White House, including a lavish ballroom and a secure underground bunker. Courts are weighing legality and process after demolitions, with debates over permanent fencing around Lafayette Park and a new visitor screening facility.
South Africa has sealed a 3-1 series win over New Zealand in Baltimore after a second-half surge, extending their Rugby World Cup buildup with a dominant performance in the USA.
The season premiere has seen a drop in viewership compared with last year, despite a revamp under new leadership. Nielsen data show about 7.9 million viewers, with a sharper decline among 25-54 adults. CBS News has defended changes as it pushes a new look and team.