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11:25 AM ET, May 17, 2021

Mediagazer

 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) …
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Joe Flint / Wall Street Journal:
Jason Kilar says he expects no long-term negative effects of releasing 2021 movies on HBO Max; sources: Warner Bros. paid $200M+ to appease talent  —  WarnerMedia CEO Jason Kilar fired the streaming service's top brass, blew up the movie business and angered Hollywood royalty.  He says it's a recipe for success.
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.
Associated Press:
Israeli airstrike destroys a high-rise in Gaza City that housed offices of AP and Al-Jazeera, after the military warned people to evacuate the building  —  GAZA CITY, Gaza Strip (AP) — Israel slammed the Gaza Strip with airstrikes, in a dramatic escalation that included bombing the home …
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David M. Halbfinger / New York Times:
IDF spokesman is suspected of misleading the international press on a ground invasion in Gaza to dupe Hamas, which was mistakenly reported by NYT and others  —  A spokesman led the international media to believe that Israeli forces had entered Gaza.  They hadn't.  But the army wanted Hamas to think they had.
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
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”  —  Following the most recent set of violent military strikes by the Israel Defense Forces that have leveled entire buildings …
Sarah Krouse / The Information:
Sources: Google's plans to match Apple's ATT changes have been delayed by internal concerns that such moves will diminish mobile ad revenues  —  Pressured by Apple's recent iPhone privacy initiative, Google is accelerating work to limit how app developers can track the 2.5 billion people who use phones powered by its Android software.
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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 More News: 
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
Matt Pearce / Los Angeles Times:
A look at the Ambies, Podcast Academy's annual podcast awards whose nominees across 23 categories were chosen by 100+ members, ahead of its inaugural show
Manish Singh / TechCrunch:
Amazon launches miniTV, an ad-supported free video streaming service that is available within the Amazon shopping app in India
 Earlier Picks: 
The Intercept:
The Intercept stands by its reporting on Gab and “Riot Squad”, after it was accused of doxxing conservative journalists, says its reporters have been harassed
Issie Lapowsky / Protocol:
A new Biden executive order revokes a Trump-era EO that targeted protections for social media platforms and asked the FCC to conduct a review of Section 230
Meg James / Los Angeles Times:
Les Moonves and ViacomCBS settle dispute over his payout; a contractor will pay a sum to Moonves, which he'll donate to charity, and $120M reverts to ViacomCBS
Jack Crosbie / Discourse Blog:
In internal meeting, CEO Meredith Levien defended NYT's refusal to voluntarily recognize The NYT Tech Guild, saying its members are tech people, not journalists
Paul Volpe / Politico:
Why WaPo likely looked outside its own ranks to hire a female EIC, including a shrinking newsroom before Bezos' takeover, plus structural and cultural issues