American media giant steering streaming bets and rights amid consolidation
Ted Turner, the founder of CNN, has died at 87. His life spanned philanthropy, conservation, entertainment and sports ownership. His most enduring legacy is creating the 24-hour news cycle through CNN, which transformed journalism and public discourse. His passing prompts questions about CNN’s future under new ownership.
The U.S. and Iran have reached a framework to end the war, with the Strait of Hormuz set to reopen. Markets are reacting with equities hitting or near highs as oil dips and yields pull back; the timing now shifts to central-bank decisions this week.
The World Cup has introduced mandatory three‑minute hydration breaks in every half to protect players in North American heat. Broadcasters are gaining new advertising windows, while players and fans debate the pace and flow of the games. Incidents with Fox and other broadcasters have drawn scrutiny, but FIFA has upheld the rule and demanded adherence to return-to-action timing.
Fox has signed a cash-and-stock agreement to acquire Roku, valuing the company at about $22 billion. The deal will grant Fox access to Roku’s platform and data, while Roku shareholders will own a minority stake in the combined company. Regulatory approval and shareholder votes are still required, with closing expected in early 2027.
Fox Corp. has agreed to acquire Roku for about $22 billion in a cash-and-stock deal that values Roku at $160 a share. The boards have approved the transaction, which will combine Fox's news, sports and Tubi with Roku's CTV platform and The Roku Channel; the deal is expected to close in the first half of 2027.