Kristin Brzoznowski

NEW YORK: Univision Communications Inc. (UCI) has confirmed its acquisition of Gawker Media Group's digital media assets as part of the company's bankruptcy proceedings.

BEVERLY HILLS: Participant Media is shifting its focus to content creation and social impact, and is exiting the business of owning and operating cable network Pivot.

LOS ANGELES/MIAMI: Kevin Plunkett has been tapped to serve as executive VP and head of television for the newly formed TV-production joint venture from Lionsgate and New Regency.

LOS ANGELES: Interscope Geffen A&M and Keshet Studios are working together on music-related original digital scripted and non-scripted video content.

NEW YORK: Sharri Berg has been promoted to COO of news and operations for the FOX Television Stations (FTS) group.

AUSTIN: DCM Ventures and Bertelsmann Digital Media Investments are among the investors that have contributed to the $21.2 million in new funding secured by FloSports to accelerate the growth of the online sports network.

FORT WORTH: The private-equity firm TPG Capital is acquiring RCN Telecom Services and Grande Communications Networks in two separate transactions, for $1.6 billion and $650 million, respectively.

ATLANTA: TBS has greenlit Drop the Mic from executive producers James Corden and Ben Winston, based on a popular segment from The Late Late Show.

RIO DE JANEIRO: NBC Olympics’ live streaming for Rio 2016 topped 1 billion minutes, marking the first time the milestone has ever been crossed for an Olympics.

Looking down the line at the next ten years, SNL Kagan has given a sunny outlook for what's ahead in the U.S. cable industry. Residential revenues are projected to increase from $108.38 billion in 2016 to $117.7 billion in 2026, or $9.32 billion over the ten-year period.