Top News:
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:
Insider, @thedomino, @sarafischer, The Wrap and The Week
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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) …
Discussion:
American Press Institute, AT&T, The Wrap, Axios, Los Angeles Times, New York Times, Variety, Columbia Journalism Review, Washington Post, Axios, @sherman4949, @frankpallotta, @claireatki, American Prospect, SHERO, Variety, CNN, The Wrap, The Information, Poynter, New Republic, The Week, @brianstelter, @jbarro, The Ringer, Hollywood Reporter, Los Angeles Times, Variety, @kerrymflynn, @senblumenthal, Insider, @sherman4949, @loudmouthjulia, @lucas_shaw, @lucas_shaw, @lucas_shaw, @sadogre, @lucas_shaw, @nycsouthpaw, @gadyepstein, @pkafka, @hblodget, @karlbode, @andrearene, @benyt, @panzer, @mattdraperyt, @thetruebrendanf, @magsvisaggs, @jeremymbarr, @dylanbyers, @dylanbyers, @jasonlynch, @sherman4949, @loudmouthjulia, @mims, @cnbc, @digitalshields, @erikdavis, @rakeshlobster, @karaswisher, @ditzkoff, @keithboykin, @cgasparino, @edmundlee, @pkafka, @brianstelter, @jackmirkinson, MediaPost, @frankpallotta, @nichcarlson, @awallenstein, @jbflint, @scottporch, @sherman4949, @zakiscorner, @thatjakepc, @cgasparino, @gracerandolph, @backlon, @pkafka, @sarafischer, @richlightshed, @w7voa, @alexweprin, @carnage4life, @mbgelman, @sherman4949, @sherman4949, @loudmouthjulia, @kerrymflynn, @sherman4949, @brazilbrian, @brianstelter, @richlightshed, Forbes, @sivavaid, @sherman4949, @loudmouthjulia, @brianstelter, Scrawler, @sherman4949, @lucas_shaw, @jimwaterson, IndieWire, CNBC, ScreenRant, @oliverdarcy, Variety, Den of Geek, Vanity Fair, Digiday, The Hill, Gizmodo, /Film, Protocol, Bloomberg, AppleInsider and Mediaite, more at Techmeme »
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
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
Discussion:
New York Times, MediaPost, Fast Company, @rebeccaarubin, Insider, Variety, @brooksbarnesnyt, Digital TV Europe, Transistori, The Week, @film_girl, @karaswisher, @rolandsmartin, @danprimack, @borys_kit, @theericgoldman, @mattbelloni, @_christopherm, @katierosman, @mattzeitlin, @jbenton, @sherman4949, @davidpoland, @sherman4949, @richardlnewby, @mchenryjd, @grynbaum, @panzer, @brianstelter, @richlightshed, ScreenRant, @jbflint, CNN, The Streamable, Heroic Hollywood, FierceVideo, The Verge, TechCrunch, @richlightshed, Cord Cutters News, @optionshawk, Talking Biz News, @arcadegirl64 and @mediumbuying
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
WarnerMedia-Discovery merger puts pressure on rivals without enough scale, like NBCUniversal, which sources say viewed WarnerMedia as a possible target
Discussion:
@asharma, @loudmouthjulia, @lucas_shaw, @rasmussen_poll and Fast Company
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
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
Discussion:
CNBC, @loudmouthjulia, Hollywood Reporter, @thr, @thr, @jbflint, @thejannissary, @felixsalmon, @stevekovach, @loudmouthjulia, @loudmouthjulia, @loudmouthjulia, @alexweprin, @loudmouthjulia, @loudmouthjulia, @loudmouthjulia, @kimmasters, Observer, The Playlist, Awful Announcing and IndieWire
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.
Discussion:
Variety, @nickwingfield, The Verge, CNN, The Hill, /Film, The Streamable, Observer, Los Angeles Times, Forbes, MediaPost, New York Times, The Playlist, New York Post, Financial Times, Mr. Buyside, The Wrap, Cord Cutters News, @great_katzby, @ericjhonsa, @mossanimation, @cinesnark, C21Media, @awallenstein, @richlightshed, @daniel_toloko, @loudmouthjulia, The Desk, @pkafka, @great_katzby, Insider, CBR, MarketWatch, Reuters, Deadline, IndieWire, The Week, Bloomberg, Front Office Sports, Engadget and AppleInsider, more at Techmeme »
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.
Sara Fischer / Axios:
Sources: Coinbase is launching its own media unit that will create content for retail and institutional investors and report to its marketing team — Crypto giant Coinbase is launching its own media operation and looking to poach a top media editor to guide the effort, sources tell Axios.
Discussion:
@thedomino, @adamsinger, @hsakatrades, @bowtiedbull and @ryan_browne_
Sarah Perez / TechCrunch:
Facebook debuts “Live Shopping Fridays” event series, featuring brands live streaming beauty, skincare, and fashion content on a weekly basis starting May 22 — Facebook wants to whet consumers' appetite for live streamed shopping with this week's launch of “Live Shopping Fridays” …
Discussion:
Adweek, more at Techmeme »
Sara Fischer / Axios:
Sources: theSkimm is considering a sale to non-media companies like financial services firms or luxury brands and brought in ~$20M in revenue in 2019 — TheSkimm, a digital media company catering to millennial women, has hired JPMorgan Chase & Co. to evaluate deal offers, sources tell Axios.
Paul Karp / The Guardian:
Australian high court is hearing a case on whether News Corp and Fairfax Media are responsible for defamatory third-party comments on their Facebook pages — News Corp and Fairfax Media challenge ruling they are liable for defamatory comments on their Facebook posts
Discussion:
@paul_karp
Brad Bender / The Keyword:
Google News Showcase launches in India with 30 news publishers; the Google initiative is now running in more than a dozen countries — At a time when the need for access to trustworthy information is critical, we are announcing a slew of investments to support India's large and diverse news industry.
Discussion:
The Indian Express, MediaNama and 9to5Google
Alexandra Bruell / Wall Street Journal:
VideoAmp, which helps brands measure ad campaigns across digital and traditional TV, raises $75M in debt financing; source: it expects $80M in revenue this year — Ad-tech company wants to expand its share of the digital and traditional media measurement pie
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 …
Discussion:
@satchelldrakes, @meaganmarie, @the_katbot, @genepark, @agentbizzle, @gameapologist, @adequateemily, @theericgoldman, @tanumb_, @kotaku and A. Khaled's Blog
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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”
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”
Discussion:
Medium, Washington Post, @heyrowanellis, @inkydojikko, @duckvalentine, @jasonschreier, @stephentotilo, @armanddoma, @hollywood_labor, VICE, @tha_rami, @tha_rami, @scully1888, @tropicalmaku, @dannyodwyer, @andyplaytonic, @austin_walker, @iyagovos, @papapishu, @mattbinder, @charalanahzard and Axios
Nancy Tartaglione / Deadline:
Major French broadcasters TF1 and M6 enter merger negotiations to ensure the “independence of French content creation” in the face of global streaming services — As they look to “provide a French response to the challenges from global platforms,” leading French broadcasters TF1 …
Discussion:
Reuters, Digital TV Europe, Hollywood Reporter and Broadband TV News
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.
Discussion:
Broadband TV News, WORLD SCREEN, TV Technology, MediaPost and Advanced Television