News Corp reported fiscal year revenues and net income at records of $10.39bn and $760m, respectively.

In brief: the deal includes an additional $25m in investments for Axios’ media arm to expand the publication’s local, national, and subscription news products.

In brief: Maximum Effort Productions has entered into a multi-year, multi-pronged partnership with FuboTV that includes a first-look deal for unscripted content.

In brief: The damages are on top of the $4.1m in compensatory damages the jury awarded the plaintiffs on Thursday.

In brief: The French Data Protection Agency (CNIL) has proposed a fine of €60m ($65.4m) for adtech company Criteo for alleged breaches of European general data protection regulations following an official investigation.

This is a daily digest of news stories from around the media world, updated by The Media Leader team, to ensure you’re 100% up-to-date.

In brief: Twitter has accused Elon Musk of “conjuring” the issue of spam bots on the platform to back out of its $44bn acquisition deal in legal filings made public on Thursday.

In brief: the $4.1m is in compensatory damages; the jury is still deciding on how much Jones must pay in punitive damages.

In brief: Sinclair’s total Q2 advertising revenues declined 25% from $491m in Q2 2021 to $366m in Q2 2022.

In brief: over half (57%) of Stagwell’s Q2 revenues were attributed to digital services, with organic year-over-year growth in digital revenues of 28%.