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Brian Stelter / CNN:
AT&T to spin off WarnerMedia and combine it with Discovery in a $43B deal; the new company will be run by Discovery CEO David Zaslav — New York (CNN Business)The streaming TV race is about to get even more competitive. — On Monday morning AT&T (T) and Discovery, Inc. (DISCA) …
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Brooks Barnes / New York Times:
Sources: Jason Kilar is negotiating his departure as CEO of WarnerMedia, after being kept in the dark about the deal with Discovery until recent days — Jason Kilar has hired a legal team to negotiate his departure as chief executive of WarnerMedia, according to two people briefed on the matter.
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Hollywood Reporter:
John Stankey and David Zaslav discuss their vision for the WarnerMedia deal, saying the company will have a content spend that exceeds most competitors at $20B — AT&T chief John Stankey and Zaslav, who will lead the new venture, also addressed the status of WarnerMedia CEO Jason Kilar and the future of CNN.
Jeremy Fuster / The Wrap:
Former Hollywood Reporter editor Matthew Belloni has become a founding member of a new media company that has raised $7M and aims to launch this summer — Matthew Belloni, former Editorial Director at The Hollywood Reporter, has joined as a founding partner for a new media company that will cover politics …
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Hollywood Reporter, Deadline, @jimmaiella, @benyt, @sonnybunch, @mattbelloni and Variety
Lindsey Ellefson / The Wrap:
Vice News names its news director Michael Learmonth as new EIC, filling a role that has been vacant since 2019 — Michael Learmonth was named Vice News' new editor in chief Monday, filling a role that has been vacant since 2019. He was promoted from news director, a job he held since 2016.
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@katiedrumm, MediaPost, @mccarthyryanj, @learmonth and @kenli729
Apple:
Apple says it will bring lossless audio to all Apple Music subscribers for free and will support Spatial Audio with Dolby Atmos, available from June — The next generation of sound on Apple Music is coming to subscribers June 2021 at no additional cost — CUPERTINO, CALIFORNIA Apple today …
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Micah Singleton / Billboard:
Amazon Music HD is now available to Amazon Music Unlimited subscribers for free, effectively cutting the Hi-Fi service's price from $14.99 to $9.99 per month
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@amazonmusic, @richontech, 9to5Mac, @c_davies, musically.com, The Verge, @richontech, @kintan, MacRumors, @richontech, @johnlmacfarlane, @ampressman, @micahsingleton and Engadget, more at Techmeme »
Reuters:
Axel Springer and Facebook strike a global deal, allowing content from Bild, Welt, Insider, and others to be distributed in Facebook News at its German launch — Axel Springer and Facebook said on Monday that they had agreed on a global cooperation deal under which content from the German publisher …
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Axel Springer SE, @fabiochiusi, @pressgazette, @gbrotman and @markscott82
Charlotte Tobitt / Press Gazette:
British GQ editor Dylan Jones departs after 22 years in the role; GQ to be led globally by American GQ editor Will Welch, as Conde Nast merges editorial teams — British GQ editor Dylan Jones is leaving the men's lifestyle magazine after 22 years at the helm.
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MediaPost
Todd Spangler / Variety:
DVD rental and streaming company Redbox is going public via SPAC in a deal that values the combined company at $693M; Redbox had earnings of $114M in 2020 — Redbox, the DVD-rental kiosk and streaming company, is going back to the public markets. — On Monday, Redbox announced that it reached …
Discussion:
The Wrap and The Verge, more at Techmeme »
Alexandra Bruell / Wall Street Journal:
NBCUniversal is acting as a power broker between stars and advertisers as part of its upfronts, hoping its pull with talent will help it strike bigger deals — Comcast unit is pitching broad partnerships with stars during this year's TV-ad-buying ritual, hoping its pull with talent helps it strike bigger deals
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@lindayacc, @deggans, @bixin29 and @cloonanj
Washington Post:
Researchers detail a sprawling disinformation network in the US, including media websites such as GTV, that's pushing falsehoods about COVID-19 and the election — Guo Wengui, living in self-exile in New York City, is at the center of a digital web pushing election and covid falsehoods, according to Graphika research
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@nicpwall, @oliverdarcy, @jorge_guajardo and @scout_finch
Variety:
Investors and analysts including Warren Buffett weigh in on “stupid” stock swings affecting ViacomCBS, Discovery, and AMC Entertainment, plus problematic SPACs — There's no better moment to take the pulse of the investment landscape than during the annual shareholders meeting …
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