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10:55 PM ET, May 17, 2021

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 Top News: 
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: The Wrap, New York Times, Axios, Washington Post, New York Times, Los Angeles Times, Variety, CNN, Hollywood Reporter, The Wrap, Los Angeles Times, @sherman4949, @frankpallotta, @claireatki, Variety, MediaPost, The Information, Discovery, Inc., Insider, The Streamable, Mediaite, Forbes, @pkafka, Bloomberg, @sherman4949, @sherman4949, @richlightshed, @sherman4949, Fast Company, Variety, @senblumenthal, @sherman4949, Den of Geek, @kerrymflynn, @nichcarlson, @benyt, @digitalshields, @sherman4949, Scrawler, @lucas_shaw, @karaswisher, Observer, @karlbode, @loudmouthjulia, @sherman4949, @brianstelter, @pkafka, @mbgelman, @dylanbyers, @erikdavis, CNBC, @brianstelter, ScreenRant, @ditzkoff, @lucas_shaw, @frankpallotta, Digiday, @cgasparino, @mattdraperyt, @edmundlee, IndieWire, @backlon, @sherman4949, @pkafka, @lucas_shaw, @jbarro, @jackmirkinson, @brazilbrian, FierceVideo, @thetruebrendanf, Light Reading, @zakiscorner, @cgasparino, @nycsouthpaw, @hblodget, Vanity Fair, @jeremymbarr, @loudmouthjulia, @cnbc, @loudmouthjulia, @carnage4life, @keithboykin, @lucas_shaw, @loudmouthjulia, @alexweprin, @sadogre, Gizmodo, @panzer, I have some questions, @sivavaid, @gracerandolph, @mims, @jimwaterson, @jbflint, @kerrymflynn, @awallenstein, @sarafischer, @dylanbyers, @rakeshlobster, @richlightshed, @brianstelter, @magsvisaggs, @gadyepstein, @brianstelter, @w7voa, @thatjakepc, @andrearene, @lucas_shaw, @jasonlynch, @scottporch, @sherman4949, /Film, @oliverdarcy, ZDNet, The Week, MediaPost, Protocol, AppleInsider and Adweek, more at Techmeme »
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.
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.
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”
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 …
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
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
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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 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
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
Discussion: The Wrap and The Verge
Variety:
Investors and analysts including Warren Buffett weigh in on “stupid” stock swings affecting ViacomCBS, Discovery, and AMC Entertainment, plus problematic SPACs
The Daily Beast:
Unlike many in the media, MSNBC's Mehdi Hasan and Ayman Mohyeldin are granting airtime to Palestinians instead of heavily relying on Israeli government accounts
 

 
From Techmeme:

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

Esha Dey / Bloomberg:
Tesla's shares are up 73% since Election Day, as several analysts see the Trump administration easing rules for self-driving tech, benefiting Tesla's ambitions

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November
 
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