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A new streaming giant that will combine the sports assets of Fox, Disneys ESPN and Warner Bros Discovery is poised to reshuffle the TV industry and experts say the big loser will likely be the cable business.

The yet-to-be named standalone service, slated to launch this fall, will account for roughly 55% of the sports rights in the US, according to a Citigroup analyst.

It wont stream NBC’s Sunday Night Football or NFL games airing on CBS, which this year will broadcast the Super Bowl.

Nevertheless, experts say the new app will likely get the ball rolling on reshaping the pay-TV landscape as streaming giants like Amazon, Apple and Netflix continue to hike up the already staggering price for sports rights.

The newly announced joint-venture is going to send shockwaves through the entire media world, said LightShed Partners analyst Rich Greenfield. Is this opening a Pandoras Box?

Crucially, the new venture is focused squarely on sports the main reason that most cable-TV subscribers are still hanging on.

It combines the might of the three media titans that broadcast the NFC Championship Game, the College Football Playoff and other top-tier bowl games, the NBA Finals, the World Series and the Stanley Cup Finals.

That poses a major threat to Comcast, owner of NBCUniversal, as well as CBS owner Paramount Global. 

Greenfield said that networks not included in what he dubbed the Winners Bundle are scrambling.

Whether you are Paramount, Comcast, NFL Network, AMC Networks, A&E Networks or station groups with large numbers of NBC or CBS stations, the successful launch of Winners Bundle is your worst nightmare, he said. 

Nevertheless, its doubtful whether the new package spells doom for cable.

While it will be available to ESPN+, Hulu and Max subscribers, giving cord-cutters access to a massive amount of sports content at a price point somewhere north of $40 a month, it will still fall short of the full breadth of sports coverage available on cable.

NBC and CBS own the rights to several top-rated events.

Aside from “Sunday Night Football,” the Peacock Network is home to Notre Dame football, and the Summer and Winter Olympics, while CBS televises the NCAA Men’s College Basketball Tournament (it shares rights with WBD), the AFC Championship Game and The Masters golf tournament.

“I don’t think it’s going to be the final nail in the coffin of pay television,” said Robert Thompson, the trustee professor of television, radio and film at the S. I. Newhouse School of Public Communications at Syracuse University.

“If you start adding it up and you like sports, you’ll pay at least $40 for the service but you’re still going to want to watch the NFL games that are not on the platform,” he added. “You’re going to want them one way or another.”

Indeed, Fox Chief Executive Lachlan Murdoch emphasized the venture isnt meant to cannibalize pay TV, but instead attract new streaming subscribers to the fold who have been underserved. 

Seizing on that point, Murdoch estimated there are more than 60 million homes in the US of cord-nevers and cord-cutters mostly younger viewers  that the new app could attract.

“There is no product serving the sports fans that are not within the cable TV bundle,” Murdoch told analysts during Foxs earnings call Wednesday. 

Still, the Winners Bundle could exacerbate the trend of ditching cable for cheaper options.

Morgan Stanley analyst Benjamin Swineburne noted that cord-cutting is slowly killing the profitability of cable, with pay TV households down 25% since 2018. 

Perhaps the biggest benefit from launching the service is that it may give the media companies some leverage over cable distributors and their rising carriage fees.

Last August, Charter Communications blacked out ESPN and ABC hours before kickoff of the Jets-Bills game on Monday Night Football in a dispute over carriage fees with Disney.

The impasse lasted more than a week until Disney agreed to offer Disney+ and ESPN+ streaming services to Charters subscribers in exchange for the cable operator paying a higher carriage fee for Disneys other channels. 

Thompson said the new service could just be the first step toward other unlikely marriages.

“We are going to see some interesting bundling and pairing up,” Thompson said. “Its like this whole entertainment industry is playing musical chairs and the music is very much playing.”

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At least 13 people may have taken their own lives linked to Post Office scandal, public inquiry finds

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At least 13 people may have taken their own lives linked to Post Office scandal, public inquiry finds

At least 13 people may have taken their own lives after being accused of wrongdoing based on evidence from the Horizon IT system that the Post Office and developers Fujitsu knew could be false, the public inquiry has found.

A further 59 people told the inquiry they considered ending their lives, 10 of whom tried on at least one occasion, while other postmasters and family members recount suffering from alcoholism and mental health disorders including anorexia and depression, family breakup, divorce, bankruptcy and personal abuse.

Follow latest on public inquiry into Post Office scandal

Writing in the first volume of the Post Office Horizon IT Inquiry report, chairman Sir Wyn Williams concludes that this enormous personal toll came despite senior employees at the Post Office knowing the Horizon IT system could produce accounts “which were illusory rather than real” even before it was rolled out to branches.

Sir Wyn said: “I am satisfied from the evidence that I have heard that a number of senior, and not so senior, employees of the Post Office knew or, at the very least, should have known that Legacy Horizon was capable of error… Yet, for all practical purposes, throughout the lifetime of Legacy Horizon, the Post Office maintained the fiction that its data was always accurate.”

Referring to the updated version of Horizon, known as Horizon Online, which also had “bugs errors and defects” that could create illusory accounts, he said: “I am satisfied that a number of employees of Fujitsu and the Post Office knew that this was so.”

The first volume of the report focuses on what Sir Wyn calls the “disastrous” impact of false accusations made against at least 1,000 postmasters, and the various redress schemes the Post Office and government has established since miscarriages of justice were identified and proven.

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‘It stole a lot from me’

Recommendations regarding the conduct of senior management of the Post Office, Fujitsu and ministers will come in a subsequent report, but Sir Wyn is clear that unjust and flawed prosecutions were knowingly pursued.

“All of these people are properly to be regarded as victims of wholly unacceptable behaviour perpetrated by a number of individuals employed by and/or associated with the Post Office and Fujitsu from time to time and by the Post Office and Fujitsu as institutions,” he says.

What are the inquiry’s recommendations?

Calling for urgent action from government and the Post Office to ensure “full and fair compensation”, he makes 19 recommendations including:

• Government and the Post Office to agree a definition of “full and fair” compensation to be used when agreeing payouts
• Ending “unnecessarily adversarial attitude” to initial offers that have depressed the value of payouts, ⁠and ensuring consistency across all four compensation schemes
• The creation of a standing body to administer financial redress to people wronged by public bodies
• Compensation to be extended to close family members of those affected who have suffered “serious negative consequences”
• The Post Office, Fujitsu and government agreeing a programme for “restorative justice”, a process that brings together those that have suffered harm with those that have caused it

Regarding the human impact of the Post Office’s pursuit of postmasters, including its use of unique powers of prosecution, Sir Wyn writes: “I do not think it is easy to exaggerate the trauma which persons are likely to suffer when they are the subject of criminal investigation, prosecution, conviction and sentence.”

He says that even the process of being interviewed under caution by Post Office investigators “will have been troubling at best and harrowing at worst”.

Read more:
Post Office inquiry lays bare heart-breaking legacy – analysis

‘Hostile and abusive behaviour’

The report finds that those wrongfully convicted were “subject to hostile and abusive behaviour” in their local communities, felt shame and embarrassment, with some feeling forced to move.

Detailing the impact on close family members of those prosecuted, Sir Wyn writes: “Wives, husbands, children and parents endured very significant suffering in the form of distress, worry and disruption to home life, in employment and education.

“In a number of cases, relationships with spouses broke down and ended in divorce or separation.

“In the most egregious cases, family members themselves suffered psychiatric illnesses or psychological problems and very significant financial losses… their suffering has been acute.”

The report includes 17 case studies of those affected by the scandal including some who have never spoken publicly before. They include Millie Castleton, daughter of Lee Castleton, one of the first postmasters prosecuted.

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Three things you need to know about Post Office report

She told the inquiry how her family being “branded thieves and liars” affected her mental health, and contributed to a diagnosis of anorexia that forced her to drop out of university.

Her account concludes: “Even now as I go into my career, I still find it so incredibly hard to trust anyone, even subconsciously. I sabotage myself by not asking for help with anything.

“I’m trying hard to break this cycle but I’m 26 and am very conscious that I may never be able to fully commit to natural trust. But my family is still fighting. I’m still fighting, as are many hundreds involved in the Post Office trial.”

Business Secretary Jonathan Reynolds said the inquiry’s report “marks an important milestone for sub-postmasters and their families”.

He added that he was “committed to ensuring wronged sub-postmasters are given full, fair, and prompt redress”.

“The recommendations contained in Sir Wyn’s report require careful reflection, including on further action to complete the redress schemes,” Mr Reynolds said.

“Government will promptly respond to the recommendations in full in parliament.”

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Public finances in ‘relatively vulnerable position.’, OBR warns

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Public finances in 'relatively vulnerable position.', OBR warns

The UK’s public finances are in a “relatively vulnerable position”, the government’s official forecaster has warned.

The Office for Budget Responsibility (OBR) cited a drag from successive economic shocks, recent U-turns on spending cuts and higher-than-expected policy commitments.

It sounded alarm over the projected path for debt as a result, in its annual fiscal risks and sustainability report.

It saw total debt above 270% of gross domestic product (GDP) by the early 2070s – up from a current level of 96.5% – declaring that rising debts have led to “a substantial erosion of the UK’s capacity to respond to future shocks”.

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The OBR’s report highlighted damage from the COVID pandemic and cost of living crisis that followed Russia’s invasion of Ukraine.

But it raised fears that past and current government policies were further harming the sustainability of the public finances.

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The report said that the pension triple lock, for example, was now estimated to cost £15.5bn annually by 2029-30.

That was “around three times higher than initial expectations”, it said.

The lock, which rises each year in line with inflation, wage growth or 2.5% – whichever is higher – had risen by more than the 2.5% base in eight of the 13 years of operation to date, the report stated.

The watchdog said it reflected more volatile inflation than expected.

It also picked up on the latest government U-turns over planned welfare and winter fuel payment cuts in the face of rebellions by Labour MPs.

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Welfare U-turn ‘has come at cost’

The decisions are expected to leave Chancellor Rachel Reeves facing a black hole of £6.75bn while weaker-than-expected economic growth could add a further £9bn to that sum in the run-up to the autumn budget, according to Sky News projections that see a void of around £20bn.

The OBR highlighted future risks from rising defence spending and the impact of climate change.

Public sector pay demands could also prove a drag, with resident doctors voting in favour of strikes over pay.

While ministers acknowledge damage to the public purse from the U-turns, Ms Reeves has repeatedly ruled out a new wave of borrowing to fund a spending spree.

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Could the rich be taxed to fill black hole?

As such, the government has not ruled out the prospect of some form of wealth tax to help meet its commitments despite the top 1% of earners contributing almost a third of all income tax already – on top of other targeted taxes such as capital gains.

The report said: “Efforts to put the UK’s public finances on a more sustainable footing have met with only limited and temporary success in recent years in the aftermath of the shocks, debt has also continued to rise and borrowing remained elevated because governments have reversed plans to consolidate the public finances.

“Planned tax rises have been reversed, and, more significantly, planned spending reductions have been abandoned.”

Shadow chancellor Mel Stride said of the report: “The OBR’s report lays bare the damage: Britain now has the third-highest deficit and the fourth-highest debt burden in Europe, with borrowing costs among the highest in the developed world.

“Under Rachel Reeves’ economic mismanagement and Keir Starmer’s weak leadership, our public finances have become dangerously exposed – vulnerable to future shocks, welfare spending rising unsustainably, taxes rising to record highs and crippling levels of debt interest.

“Labour’s recklessness risks it all – your pension, your job, your home, your savings.”

A Number 10 spokesman said: “We recognise the realities set out in the OBR’s report and we’re taking the decisions needed to provide stability to the public finances.”

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‘Widespread sexual violence’ took place during Hamas’s 7 October attacks, report by Israeli experts says

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'Widespread sexual violence' took place during Hamas's 7 October attacks, report by Israeli experts says

A newly released report led by Israeli legal and gender experts presents detailed evidence alleging “widespread and systematic” sexual violence during the Hamas-led terror attack on 7 October.

Warning: This story contains descriptions of rape and sexual violence

The findings, published by the Dinah Project, argue that these acts amount to conflict-related sexual violence (CRSV), and assert that “Hamas used sexual violence as a tactical weapon of war”.

The report draws on 18 months of investigation and is based on survivor testimonies, eyewitness accounts, and interviews with first responders, morgue personnel and healthcare professionals.

According to the Dinah Project, the documented patterns – such as forced nudity, gang rapes, genital mutilation, and threats of forced marriage – indicate a deliberate and coordinated use of sexual violence by Hamas operatives during the attack.

Reported incidents span at least six locations, including the Nova music festival, and several kibbutzim in southern Israel.

A destroyed car near the police station in Sderot, following the 7 October attacks by Hamas. Pic: AP
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A destroyed car near the police station in Sderot, following the 7 October attacks by Hamas. Pic: AP

One section of the report describes victims “found fully or partially naked from the waist down, with their hands tied behind their backs and/or to structures such as trees and poles, and shot”.

At the Nova music festival and surrounding areas, the investigators found “reasonable grounds to believe” that multiple women were raped or gang-raped before being killed.

The report’s findings are consistent with earlier investigations by the United Nations and the International Criminal Court (ICC).

Read more:
What is the possible Gaza hostage and ceasefire deal?

Israeli soldier describes arbitrary killing of civilians in Gaza

The UN’s Special Representative on Sexual Violence in Conflict previously concluded that there were “reasonable grounds to believe” CRSV took place during the attack.

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Destroyed vehicles near the grounds of the Supernova electronic music festival. Pic: AP

Significantly, the Dinah Project urges the international community to officially recognise the use of sexual violence by Hamas as a deliberate strategy of war and calls on the United Nations to add Hamas to its list of parties responsible for conflict-related sexual violence.

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The nature and scale of sexual violence on 7 October have been a subject of intense controversy, with some accusing parties of weaponising the narrative for political ends.

This report seeks to confront what its authors call “denial, misinformation, and global silence,” and to provide justice for the victims.

Hamas has denied that its fighters have used sexual violence and mistreated female hostages.

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