Welcome back to What I’m Hearing, coming at you from Gurney’s on Eastern Long Island, where I’m moderating at BofA Securities’ annual Media in Montauk event, hosted by analyst Jessica Reif Ehrlich. Last year’s keynote was Shari Redstone, whose rosy assessment of her Paramount Global business seems downright quaint a year later as she nears a sale to David Ellison’s Skydance Media and his backers. A little more on that today, plus another red flag at the box office, in today’s briefer-than-usual edition…

Programming note: On The Town, Lucas Shaw and I sought lessons from the May box office massacre and conducted the Summer Concert Tour Draft; and the Journal’s Isabella Simonetti explained why advertisers haven’t completely bailed on broadcast. Subscribe here and here.

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Discussed in this issue: Shari Redstone, Jim Morris, Tim White, Pete Docter, Snoop Dogg, Steven Paul, Brian Robbins, John Lasseter, Snoop Dogg, Chris Miller, Chris McCarthy, Bill Pruitt, and…Rupert Murdoch’s sensible wedding shoes.