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8:25 AM ET, May 18, 2021

Mediagazer

 Top News: 
Lillian Rizzo / Wall Street Journal:
WarnerMedia-Discovery merger puts pressure on rivals without enough scale, like NBCUniversal, which sources say viewed WarnerMedia as a possible target  —  Deal to combine media businesses comes as competitors race to bulk up streaming content to lure viewers fleeing pay TV
RELATED:
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.
Sara Fischer / Axios:
Sources: David Zaslav is staying on as Discovery CEO at least through 2027 and will bring most of his Discovery C-suite execs to lead the joint venture  —  David Zaslav will stay on as Discovery CEO through at least 2027, leading the massive joint venture with WarnerMedia announced on Monday, sources tell Axios.
Discussion: The Wrap and The Week
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.
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) …
Discussion: New York Times, The Wrap, New York Times, Axios, Washington Post, @sherman4949, @frankpallotta, @claireatki, Los Angeles Times, Variety, CNN, Poynter, New Republic, The Week, Columbia Journalism Review, Los Angeles Times, The Wrap, The Ringer, Hollywood Reporter, The Information, Variety, Insider, MediaPost, @senblumenthal, @sherman4949, @lucas_shaw, @brianstelter, @lucas_shaw, Variety, @jbarro, @nycsouthpaw, @loudmouthjulia, @lucas_shaw, @sadogre, @kerrymflynn, @lucas_shaw, @gadyepstein, @pkafka, @hblodget, Discovery, Inc., @karlbode, @andrearene, @benyt, @panzer, @mattdraperyt, @thetruebrendanf, @magsvisaggs, @jeremymbarr, @dylanbyers, @dylanbyers, @jasonlynch, @sherman4949, @loudmouthjulia, @mims, @cnbc, @digitalshields, @pkafka, @erikdavis, @rakeshlobster, @karaswisher, @ditzkoff, @keithboykin, @cgasparino, @edmundlee, Forbes, @brianstelter, @jackmirkinson, @frankpallotta, @nichcarlson, @awallenstein, @jbflint, @scottporch, @sherman4949, @zakiscorner, @thatjakepc, @cgasparino, @gracerandolph, @backlon, @pkafka, Scrawler, @sarafischer, @richlightshed, @w7voa, IndieWire, @alexweprin, @carnage4life, @mbgelman, @sherman4949, @sherman4949, @loudmouthjulia, @kerrymflynn, @sherman4949, @brazilbrian, @brianstelter, @richlightshed, CNBC, @sivavaid, @sherman4949, @loudmouthjulia, @brianstelter, @sherman4949, @lucas_shaw, @jimwaterson, ScreenRant, Den of Geek, Vanity Fair, Digiday, @oliverdarcy, The Hill, Fast Company, Variety, Gizmodo, I have some questions, /Film, Protocol, Bloomberg, AppleInsider and Mediaite, more at Techmeme »
The Information:
Source: Amazon is in talks to acquire MGM for between $7B and $10B, in what would be its biggest move to expand into entertainment  —  Amazon is in discussions to acquire MGM, said a person familiar with the situation, in what would be the ecommerce giant's biggest move yet to expand in entertainment.
Tyler Falk / Current:
After an outside investigation, New York Public Radio has fired On the Media host Bob Garfield for violating its anti-bullying policy  —  New York Public Radio has fired On the Media host Bob Garfield for violating its anti-bullying policy, the organization said Monday.
Zack Zwiezen / Kotaku:
In a letter to management, 66 IGN staffers demand a post listing Palestinian charities be reinstated after its removal, saying editorial integrity was subverted  —  Today, the IGN editorial staff published an open letter decrying Sunday's removal of an IGN article and its associated tweet …
RELATED:
Zack Zwiezen / Kotaku:
After publishing and removing an article listing Palestinian charities, IGN says it didn't mean to make it seem “we were politically aligned with one side”
Jonathan Easton / Digital TV Europe:
Digital TV Research: pay TV revenue will fall from $173B in 2020 to $143B in 2026 across 138 countries; US revenue to fall from $80B in 2020 to $57B in 2026  —  Global pay TV revenues are set to drop by US$30 billion over the next five years as cord cutting continues to prove decisive for the industry.
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
Apple:
Apple says it will bring lossless audio to all Apple Music subscribers at no added cost 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
RELATED:
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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 More News: 
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
Discussion: MediaPost
 Earlier Picks: 
Jay Peters / The Verge:
Twitch says it is switching to localized subscription prices in some non-US markets, which will often be lower, starting with Turkey and Mexico on May 20
 

 
From Techmeme:

Lee-Anne Mulholland / The Keyword:
Google files its proposed remedies in the DOJ's search antitrust lawsuit, including letting browser companies have multiple default agreements across platforms

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems
 
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