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9:35 PM ET, May 18, 2021

Mediagazer

 Top News: 
Benjamin Mullin / Wall Street Journal:
Profile of David Zaslav, one of the highest-paid US corporate CEOs, who spent 14 years building Discovery into the preeminent player in unscripted programming  —  The TV deal maker will head the new venture formed by his company's merger with AT&T's WarnerMedia, as he seeks to build a streaming juggernaut
RELATED:
David Dayen / American Prospect:
The main legacies from AT&T/Time Warner are lost jobs and a $400M payout for Time Warner's former CEO; now, Discovery and WarnerMedia promise savings of $3B/yr  —  The telecom giant had a great idea to tie up content and distribution networks under one roof.  Turned out it wasn't so great.
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
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
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
Jonathan Chait / New York Magazine:
The attempt by Bill Barr's DOJ to unmask a Twitter parody account showed its willingness to use power to intimidate critics, in violation of the First Amendment  —  Of all the extraordinarily hackish maneuvers Bill Barr's Justice Department undertook to protect Donald Trump …
Kerry Flynn / CNN:
Forbes staffers announce plans to form a union; more than 80% of about 105 editorial staffers have signed union cards with the NewsGuild of New York  —  New York (CNN Business)At Forbes, a publication known for its coverage of the rich and powerful, its employees are fighting …
Ingrid Lunden / TechCrunch:
Piano, which offers analytics, subscription, and personalization tools for publishers, raises $88M Series B, bringing its total raised to $241M+  —  As publishers face up to whatever might be their next existential crisis — there are so many options from which to choose …
Discussion: Insider and MediaPost
Charlotte Tobitt / Press Gazette:
A small UK study found that online abuse has become “more commonplace, more vile and more serious”, and journalism students need training on what they'll face  —  It is “necessary” to better prepare journalism trainees for the realities of increasingly “vile” online abuse they could face, according to a new report.
Reporters Without Borders:
Reporters Without Borders launches an online tool for its Journalism Trust Initiative to identify and reward trustworthy news sources  —  - Reporters Without Borders (RSF) launches new web offer designed to identify and reward trustworthy news sources;  — Media outlets can use the online app …
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.
 
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 More News: 
Ashley Carman / The Verge:
Spotify will auto-transcribe certain original shows in the coming weeks as part of a beta rollout of the feature that it aims to eventually enable for all shows
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
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
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
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
Discussion: @paul_karp
 Earlier Picks: 
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
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
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:

Kif Leswing / CNBC:
Nvidia announces Blackwell, a new generation of AI chips available later in 2024, starting with the GB200 superchip, which pairs two B200 GPUs with a Grace CPU

Sean Michael Kerner / VentureBeat:
Stability AI debuts Stable Video 3D, a generative AI tool built on its Stable Video Diffusion model, letting users create 3D video from a text or image prompt

Samuel Tolbert / Windows Central:
Valve debuts Steam Families in beta, allowing a group of up to six Steam users to share their games, manage parental controls, and more

 
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