Strong showing from WWE, which reported 1Q total revenue of $82mln vs $75mln in the prior year Q, operating income was $11mln vs $3mln; income from continuing ops was $8mln vs $3mln. — Outdoor Channel saw 2Q revenue increase 33.3% to $9.6mln. Ad sales were up 45.2% to $5.4mln, while sub fees increased 38.6% to $3.2mln. Net income totaled $844K, up 26.5% from last year’s 2Q net income of $667K.

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Paramount Shareholder Sues Over Skydance Merger

A Paramount shareholder filed a lawsuit in Delaware’s Court of Chancery on Wednesday seeking to block the merger agreement with Skydance Media . The lawsuit from shareholder Scott Baker alleges that

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