Top News:
Financial Times:
Sources: Axel Springer CEO Mathias Döpfner and KKR are in talks to break Axel Springer in two, separating media assets from its digital classifieds business — Deal would separate group's media assets from its digital classifieds operation — German billionaire Mathias Döpfner …
Discussion:
Reuters, The Information, @semaforben and @froomkin
Journal Sentinel:
Civic Media says its decision to make two pre-broadcast edits to a Biden interview on Earl Ingram's WAUK show fell short of “journalistic interview standards” — Jessie Opoien Molly BeckMilwaukee Journal Sentinel — MADISON — Civic Media, a Wisconsin-based progressive talk-radio network …
Discussion:
Civic Media, KNSD-TV, Breitbart, CNN, @corbinbolies, The Wrap, Mediaite, @grynbaum, New York Times, Fox News, The Daily Beast, Deadline, @peterbakernyt, @toussaint@newsie.social and New York Post
Phil Lewis / What I'm Reading:
CNN says it has integrated its Race and Equality team of reporters in other areas across its platforms, instead of the team existing in an “organizational silo” — The news comes as CNN leader Mark Thompson announced that the cable news channel will lay off 100 employees as it restructures its newsgathering operations.
Discussion:
CNN, @juwanthecurator.bsky.social, @tasullivan, @tiergawd, @tap3000, @traprecruiter, @ladidaix, @hithisistess, @cjgproduxions, @historianspeaks, @phil_lewis_ and Axios
Anne Steele / Wall Street Journal:
Sources: comedian Dax Shepard signs an $80M podcasting deal with Amazon, shifting his Armchair Expert show to Amazon's Wondery service from Spotify — New deal includes video episodes, gives Amazon's Wondery exclusive distribution and ad-sales rights — Comedian Dax Shepard has signed …
Discussion:
The Hollywood Reporter, The Wrap, Variety, Deadline, @kerrymflynn, Chris Peterson on LinkedIn and RAIN News
Wes Davis / The Verge:
YouTube announces new Shorts features, including TikTok-like text-to-speech video narration, in-app auto-generated captions, and a set of Minecraft effects — YouTube has announced a set of new features for YouTube Shorts, some of which are available now, like a new text-to-speech video narration …
Discussion:
@edwardchampion@mastodon …, TechCrunch, @sarahpereztc and Engadget, more at Techmeme »
Janko Roettgers / Lowpass:
Court hearing: Redbox parent CSSE failed to pay payroll taxes for 9 months and didn't pay employees' health insurance for 2.5 months, leaving them uninsured — A jaw-dropping end to a bonkers story — In partnership with … “We had entered into an unbelievable forest fire.”
Discussion:
Variety, The Hollywood Reporter, Comic Book, Screen Rant and Wall Street Journal, more at Techmeme »
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Brooks Barnes / New York Times:
The Hallmark Channel says it will launch streaming service Hallmark+ for $8/month in September, with on-demand access to old content and memberships perks — Hallmark+, which arrives in September, will include free greeting cards and a “Hallmark Hunk” competition show.
Discussion:
Variety, MediaPost, Entertainment Weekly, Deadline, TVLine, The Wrap, The Hollywood Reporter, The Streamable, Adweek, Alyssa Zeisler on LinkedIn, BGR, The Desk and Next TV
Nilay Patel / The Verge:
Q&A with Nick Thompson, CEO of The Atlantic and former EIC of Wired, on the magazine's two-year OpenAI deal, AI lawsuits, the future of search, and more — CEO Nicholas Thompson discusses the deal: 'AI is coming. It is coming quickly. We want to be part of whatever transition happens.'
Jon Lafayette / Next TV:
Ad measurement company VideoAmp says it will integrate Snap's first-party data, video, and AR ad inventory into VideoAmp's campaign planning system — Collaboration will enable advertisers to reach audiences across linear, streaming and digital platforms — VideoAmp said it made a deal enabling …
Discussion:
StreamTV Insider, Snapchat Advertising, Advanced Television, Rachel Blank on LinkedIn, Ad Age and Beet.TV
The Wrap:
The LAist Union says the nonprofit newsroom lost at least 21 staffers to layoffs and buyouts this week; LAist announced a voluntary buyout program in May — The nonprofit newsroom announced its intended buyouts in May, citing mounting expenses and declining revenue
Discussion:
@hexpositive, @caitlinherdez, @rainey_l, @mybackyardpara1, @hearinladotcom, @hearinladotcom, @busblog and @laistunion
Daniel Tencer / Music Business Worldwide:
Ticketmaster and Shazam announce a partnership letting artists link their live events in Shazam, adding to Ticketmaster's integration with Snap and TikTok — After integrating its ticket sales platform with Snap and TikTok, ticketing giant Ticketmaster is taking another step towards sales …
Discussion:
Music Ally, Ally Norton on LinkedIn, Billboard, CMU and Digital Music News
CNN:
A US jury finds Archegos Capital Management's Bill Hwang guilty of fraud for artificially inflating stocks of companies including ViacomCBS and Discovery — Bill Hwang, founder of Archegos Capital Management, was found guilty of fraud Wednesday by a Manhattan federal court after the 2021 collapse …
Discussion:
Deadline, Variety, Financial Times, The Hollywood Reporter, Associated Press, New York Times and Bloomberg
Brian Steinberg / Variety:
Brian Lowry, the veteran Hollywood reporter, critic, and a contributor to CNN's Reliable Sources newsletter, is set to leave in the new round of CNN job cuts — The news outlet is cutting approximately 100 jobs as it works to boost its digital business.
Discussion:
Cord Cutters News, @tvmojoe, @blowryontv, The Wrap, Talking Biz News and The Media Mix
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Wall Street Journal:
Memo: Mark Thompson says CNN is cutting about 100 jobs, plans to launch its first CNN.com subscription product later in 2024, but offers few details, and more
Memo: Mark Thompson says CNN is cutting about 100 jobs, plans to launch its first CNN.com subscription product later in 2024, but offers few details, and more
Discussion:
Nieman Lab, @farhip, Adweek, @simondowens@threads.net, Media Nation, Broadband TV News, @heysamantha, Associated Press, @mattdpearce, @kevincollier, @sfiegerman, @iyengarish, The Verge, Media Voices, Deadline, Variety, Breitbart, @rasmus_kleis, @pressgazette, @alexweprin, @bristei, @brianstelter, @bristei, The Wrap, The Media Mix, Talking Biz News, Brian Steinberg on LinkedIn, Mediaite, MediaPost, Jeremy Moore on LinkedIn, Hartford Courant, New York Times, The Hollywood Reporter, The Media Leader, The Information, New York Post, Reuters and Cord Cutters News
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