Mediagazer: Walt Disney Company has raised its bid for 21st Century Fox's film and TV assets to $38 a share, up from $28 in December (CNBC)

CNBC:

Walt Disney Company has raised its bid for 21st Century Fox's film and TV assets to $38 a share, up from $28 in December — - The new bid rivals Comcast's $35 a share all-cash bid last week, in a deal that would be valued at $65 billion. — Fox's Rupert Murdoch said in statement …

Discussion: Wall Street Journal, Variety, The Wrap, Variety, Broadcasting & Cable, Newser, The Wrap, @adamofgotham, @damac1214, @pkafka, @asharma and @cgasparino

Alexis C. Madrigal / The Atlantic:

Dissecting how the US family-separation policy for immigrants became big news after percolating for months as reporters probed and legislators asked questions — How the many-chambered heart of the internet turned the Trump administration's family-separation policy into a different kind of scandal.

Discussion: Washington Post, Bloomberg, Media Matters for America, @sulliview, @nora_kelly, @mediaite, CNNMoney and The Hill

Peter Kafka / Recode:

Sources: AT&T plans to acquire Otter Media, the streaming video company it co-owns with The Chernin Group, in a deal expected to close this summer — Fresh off its Time Warner acquisition, AT&T has another content deal in the works. — AT&T just spent $85 billion on a media company.

Daniel Holloway / Variety:

Modern Family's Steve Levitan revises statement about not re-upping with Fox, says he'll “take some time” to see where studio executives land after Fox sale — “Modern Family” co-creator Steve Levitan reversed course Tuesday after initially saying he would leave Fox …

Discussion: New York Times, Deadline, Consequence of Sound, TVLine, Fortune, Vanity Fair, The Daily Caller, Ad Age, Business Insider, Contemptor, Adweek, Mashable, IndieWire, Mediaite, The Wrap, @gdanielholloway and The A.V. Club

Discussion: C21Media, RAPPLER, The Wrap, LAist, EW.com, @stevelevitan, @stevelevitan, @paulfeig, @davidfolkenflik, @juddapatow, TV Tattle and HuffPost

Kevin Loker / Trust, Media and Democracy:

Media Insight Project study: about a third of people in US personally know a journalist or have been interviewed; 80% of those interviewed say coverage was fair — The American Press Institute released a new study on the relationship between the public and the press.

Discussion: American Press Institute, @nwatzman and @mayerjoy

Alex Heath / Cheddar:

Sources: AT&T in talks to acquire AppNexus, which operates one of the largest independent ad exchanges; source says AppNexus won't sell for less than $2B — AT&T is in talks to acquire the advertising company AppNexus, Cheddar has learned. — Privately-held AppNexus operates …

Discussion: Wall Street Journal, @alexeheath, AdExchanger, The Drum, @alexeheath and @aexm, more at Techmeme »

Meena Lee / The Idea:

Interview with Medium's VP of editorial, Siobhan O'Connor, formerly executive editor of TIME magazine, on the company's growing editorial team and strategy — Formerly the executive editor of TIME Magazine, Siobhan O'Connor came to Medium following Time Inc.'s sale to Meredith in February.

Thanks:@steverubel

Jack Shafer / Politico:

Ali Watkins deserves a reprimand if she slept with a source, and a second chance, given that male reporters have escaped punishment over the years — Why shouldn't reporters have sex with the people they cover? — The answer, everybody will tell you, is orgasmically obvious …

Discussion: Poynter, @erikwemple, @hollyvhays, @kantrowitz, @byrontau, @blowryontv and BuzzFeed

Chris Roush / Talking Biz News:

Financial news network Cheddar has acquired free daily newsletter Need2Know, which covers tech, sports, business, and more and has 350K+ subscribers — Business news channel Cheddar announced it has acquired Need2Know, a free daily newsletter with more than 350,000 U.S. subscribers covering business …

Jason Schwartz / Politico:

Source: Fox News' website is downplaying coverage of child separation at the US-Mexico border because traffic to stories about it has been low — With dwindling traffic on child-immigrant stories, the right's most influential news site downplays the issue.

Patricia Hernandez / The Verge:

Theater chain AMC announces AMC Stubs A-List, a MoviePass-like service that lets patrons watch three films a week for $19.95/month — It'll be twice as expensive, but it boasts fewer restrictions than MoviePass — The largest theater chain in America has announced that it will now offer …

Discussion: TechCrunch, Variety, Fortune and The A.V. Club, more at Techmeme »

Natasha Lomas / TechCrunch:

EU Parliament committee votes for tougher copyright rules that could force tech firms to bear liability for copyright infringement in user generated content — In a key vote this morning the European Parliament's legal affairs committee has backed the two most controversial elements …

Discussion: Press Gazette, Motherboard, EDRi and The Verge, more at Techmeme »

Josh Constine / TechCrunch:

Facebook launches Brand Collabs search engine to connect brands and creators for sponsoring and product placement deals; Facebook is not currently taking a cut — Facebook wants to help connect brands to creators so they can work out sponsored content and product placement deals, even if it won't be taking a cut.

Discussion: Fortune, Gizmodo and Peter O'Kelly's Reality Check, more at Techmeme »

Discussion: Adweek, The Outline, What's New in Publishing, RAPPLER, FierceCable, Facebook Media, CNBC, Tubefilter, Digiday, VentureBeat, Business Insider and The Verge, more at Techmeme »