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Sources: Shari Redstone is likely to replace CBS CEO Les Moonves and the company's board if proposed merger deal with Viacom falls through — - Shari Redstone is likely to replace CBC chief Les Moonves if no merger deal is reached with Viacom, sources tell CNBC.
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CNNMoney, Deadline, Multichannel News, New York Post, Business Insider, TVWeek.com, FierceCable and Seeking Alpha
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Sources: Viacom-CBS merger is overshadowed by a dispute between Les Moonves and Shari Redstone over who should be Moonves' No. 2 at new company — Leslie Moonves is open to merging CBS and Viacom — on his terms — but Shari Redstone, eager for power, may be ready to sacrifice Hollywood's most celebrated exec to chart her own path.


TV stations bought by Sinclair reduce local political coverage, increase national political coverage, and shift rightward, according to Emory researchers — In recent weeks, news anchors at local TV stations across the country have warned Americans about the “sharing of biased and false news” …
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Sinclair uses banner ads on affiliates' websites to point to a YouTube video criticizing Brian Stelter and CNN for a “hypocritical attack on Sinclair”
Discussion:
Poynter, FierceCable, @passantino, @dpclemens, Fox News, @robertfeder, @mattdpearce, Mediaite, @perlberg, HuffPost, @mtdukes, CNNMoney, @brianstelter, @mattdpearce and Deadspin


Spotify and Hulu launch a combined subscription bundle for $12.99 per month for Spotify Premium users, available to all users later this summer — Last fall, Hulu and Spotify teamed up to offer students a bundle including both of their services for a discounted price, compared with paying for each subscription separately.
Discussion:
Multichannel News, MediaPost, The Wrap, Fast Company, Fortune, Gizmodo, Engadget and MacRumors, more at Techmeme »


In historic move, staff at The Chicago Tribune, a paper with a decades-old tradition of taking a labor-skeptic stance, inform bosses of their plan to unionize — One of the nation's oldest and most prestigious regional newspapers, The Chicago Tribune, could soon have a unionized staff.
Discussion:
HuffPost, Business Insider, @cmonstah, The NewsGuild - CWA, Chicago Sun-Times, @bisforberkshire, @iduncan, @rexhuppke and @mattdpearce


European Commission investigators raid London offices of 21st Century Fox's Fox Networks Group in broad probe of anti-competitive practices around sports rights — The London offices of 21st Century Fox's Fox Networks Group were raided by European Commission investigators Tuesday …
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Press Gazette, The Guardian, Telegraph, Fortune, NPR, Wall Street Journal, New York Times, Bloomberg, CNBC, The Guardian, Financial Times, Mediaite, The Wrap and Politico


Apple is developing a TV series based on Isaac Asimov's “Foundation” book trilogy; HBO previously attempted to adapt it for screen with Westworld's co-creator — Apple is developing a drama series based on the “Foundation” book trilogy by Isaac Asimov, Variety has confirmed.
Discussion:
Deadline, The Verge, @jonrosenberg, TechCrunch, /Film, The A.V. Club, 9to5Mac, The Wrap and Seeking Alpha


Apple promotes Oliver Schusser to vice president of Apple Music & International Content, as Music surpasses 40M paid subscribers worldwide — Oliver Schusser is promoted to head of Apple Music Worldwide, reporting to Eddy Cue. — Fleetwood Mac to Tour With Neil Finn …
Discussion:
TechCrunch, The Verge, MacRumors, 9to5Mac, Seeking Alpha and Gizmodo


In his Congress testimony on Tues, Mark Zuckerberg rejected a conventional piece of Silicon Valley wisdom: that platforms aren't responsible for content posted — - Mark Zuckerberg told US Congress that “I agree we are responsible for the content” on Facebook.
Discussion:
The Drum, U.S. Senator Ed Markey … and AOL, more at Techmeme »


CNN announces six new original series, slated for 2019, including one, American Style, produced by Vox Media's programming division Vox Entertainment — Vox Entertainment is producing a four-part show on fashion called ‘American Style.’ — On Wednesday, CNN announced plans for six …


The Washington Post to test subscriber-only features, including cleaner article pages with infinite scroll, midterm elections newsletter, and an audio series — With help from Jeff Bezos' money, The Washington Post has shown the ability to hit big audience gains and grow digital subscriptions …
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@maxslaterrobins
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Sen. Ted Cruz cited Diamond and Silk, two Trump fans with 1.4M followers whose videos were deemed unsafe, as an example of Facebook's anti-conservative bias — Two sisters famous for praising President Trump say Facebook has deemed their videos dangerous. — Lynette Hardaway …


Ad companies team up to create the Advertising Protection Bureau to have more leverage in demanding accountability from media platforms for ad placement — IPG Mediabrands' UM appoints its first chief brand safety officer and teams with others in the industry to launch the Advertiser Protection Bureau.
Discussion:
MediaPost