This week, billions of dollars go up in smoke.

Nielsen Ratings

Disney, Fox & Fubo Lawyers Clash In NY Court As Venu Sports Antitrust Lawsuit Goes Before Judge

Warner Bros. Discovery Looks to Pursue Smaller Asset Sales After Mulling Possible Break-Up | Report

Warner Bros Discovery looks to avoid break-up with smaller asset sales (ft.com)

Warner Bros. Discovery Takes Massive Write-Down After Losing NBA (deadline.com)

Paramount Takes $5.98B Write-Down At Cable Networks Ahead Of Skydance Deal In Latest Big Media Damage From Linear TV

Paramount Global To Cut 15% Of U.S.-Based Workforce, Co-CEO Chris McCarthy Confirms

Paramount reports first quarter of streaming profits, plans 15% layoff and takes $6 billion charge on cable business

Peacock leads NBC to more than 17B streamed minutes from Paris Games (sportsbusinessjournal.com)

Disney's streaming business turns a profit for the first time and earlier than expected it as company tops expectations - ABC News (go.com)

Disney vs. Warner Bros. Discovery: A Tale of 2 Earnings | Analysis (yahoo.com)

The Olympics

NBC Sports on YouTube

WWE SummerSlam

Bright Objects, by Ruby Todd