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Comcast agrees to sell its stake in Hulu to Disney in five years at a $27.5B valuation or appraisal amount; Comcast to relinquish voting rights immediately — Comcast has agreed to sell its stake in Hulu in five years to Disney and give up its voting rights immediately.
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Variety, The Walt Disney Company, Digiday, New York Post, New York Times, USA Today, @stevekovach, Broadcasting & Cable, TechCrunch, @sherman4949, The Wrap, @stevekopack, New York Times, @jdarowski, @lucas_shaw, Android Police, @xpangler, @sherman4949, @gerberkawasaki, The Hill, Hollywood Reporter, The Hustle, Vanity Fair, Bloomberg, Business Insider, Financial Times and Wall Street Journal, more at Techmeme »
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Peter Kafka / Vox:
Explaining the Hulu/Disney/Comcast breakup: as media companies get bigger to compete with tech, many shows will scatter from Netflix and Hulu to rival services — All the big media companies want their own streaming service. Big question: Do you want to subscribe to lots of streaming services?
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Washington Post, Deadline, @pkafka, @mikegatto, @arlogilbert, @davidtvrdon, @arifhasannfl, @ranimolla, @pkafka, CNN, @karaswisher, The Verge and fox13now.com, more at Techmeme »
Etan Vlessing / Hollywood Reporter:
CEO Randall Stephenson says AT&T will pull popular Warner Bros. shows from streaming rivals as it launches its own streaming service later this year — “We'll be bringing a lot of these media rights, licensing rights, back to ourselves," Randall Stephenson told an industry conference as the studio stands to lose licensing dollars.
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Vanity Fair, Dallas Morning News, @karlbode, FierceVideo, Gizmodo, BGR, The Verge and Variety
Alex Thompson / Politico:
Elizabeth Warren rejects an invitation to a Fox News town hall, calls the outlet a “hate-for-profit racket that gives a megaphone to racists and conspiracists” — Elizabeth Warren turned down a Fox News invitation Tuesday for a televised town hall and denounced the cable network as a …
Discussion:
@ewarren, @ewarren, @ewarren, @brithume, @ewarren, Washington Post, The Daily Beast, @ewarren, Axios, CNN, @abigaildisney, @stevenlhall1, @genevaoh, @jordanuhl, @mepfuller, @beckybunzy, @ewarren, @thrasherxy, @rottenindenmark, @ewarren, @jess_mc, @onlxn, @bykowicz, @espiers, The Daily Caller, Vanity Fair, Washington Post, ELLE, twitchy.com, Boing Boing, Associated Press, Talking Points Memo, NBC News, Mother Jones, New York Times, The Week, The Hill, Mediaite, BostonGlobe.com, HuffPost Canada and Hollywood Reporter
Michael Barba / The San Francisco Examiner:
Two judges who OK'ed a police raid on Bryan Carmody knew of his media role, a city supervisor says, a key issue under a California law protecting media sources — Two judges authorized police raids on the home and office of a freelance journalist last week despite knowing that the search warrants …
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Audrey Cooper / San Francisco Chronicle:
The raid on Bryan Carmody once again shows how little respect many politicians, police, and officials have for independent media they cannot control — I've spent more time this week thinking about Bryan Carmody than I would like. — Carmody is a freelance video journalist who obtained …
Discussion:
@trishathadani, @audreycoopersf, @audreycoopersf, @audreycoopersf, @sfchronicle, @trapperbyrne and @johndiazchron
Paresh Dave / Reuters:
Google says it will begin featuring ads on the homepage of its mobile website later this year, amid tough questions around growth — SAN FRANCISCO (Reuters) - Whether you are Googling on the couch, fiddling with Maps in the car or swiping through the Discover feed on the toilet …
Discussion:
Bloomberg, MediaPost, VentureBeat, @pinboard, @vijayshekhar, @randfish, BGR, The Hill, Variety, The Verge and Search Engine Land, more at Techmeme »
BBC:
Wikimedia says all language editions of Wikipedia have been blocked in China since late April; previously, China only blocked the Chinese language version — All language editions of Wikipedia have been blocked in mainland China since April, the Wikimedia foundation has confirmed.
Discussion:
Fast Company and New York Post, more at Techmeme »
Max Willens / Digiday:
Forbes Media's content solutions now account for 40% of its direct revenue, since merging its content studio with its research arm late last year — Publishers that sought to diversify into new lines of business are now trying to figure out how to fit those operations back together to deepen their relationships with advertisers.
BBC:
ITV cancels production of The Jeremy Kyle Show after 14 years due to the “gravity of recent events”; a guest of the show was found dead May 9 soon after filming — The Jeremy Kyle Show has been axed by ITV after the death of a guest who took part in the programme.
Discussion:
Financial Times, Metro.co.uk, Reuters, Hollywood Reporter, CNN and UNILAD
Keith J. Kelly / New York Post:
In SEC filing, Salon says it has reached a deal to be sold for $5M following CEO's departure last week; if the sale is not completed, it may file for bankruptcy — Salon Media Group, a one-time digital darling, has fallen on hard times. It lost its CEO of the past three years last week …
Joseph Bernstein / BuzzFeed News:
A 14-year-old girl with 800,000 YouTube followers is sharing far-right content, highlighting how the platform can push kids to extremism as they build audiences — “Soph” has nearly a million followers on the giant video platform. The site's executives only have themselves to blame.
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