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9:25 AM ET, May 18, 2021

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 Top News: 
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.
RELATED:
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, The Wrap and The Week
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
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: Axios, New York Times, Los Angeles Times, The Wrap, Columbia Journalism Review, New York Times, Variety, Axios, Washington Post, @sherman4949, @frankpallotta, @claireatki, Variety, CNN, Poynter, The Week, The Wrap, Los Angeles Times, New Republic, The Ringer, Hollywood Reporter, The Information, Variety, Insider, MediaPost, @senblumenthal, @sherman4949, @brianstelter, @lucas_shaw, @jbarro, @loudmouthjulia, @lucas_shaw, @sadogre, @kerrymflynn, @lucas_shaw, @lucas_shaw, @nycsouthpaw, @gadyepstein, @pkafka, @hblodget, @karlbode, @andrearene, @benyt, @panzer, Discovery, Inc., @mattdraperyt, @thetruebrendanf, @magsvisaggs, @jeremymbarr, @dylanbyers, @dylanbyers, @jasonlynch, @sherman4949, @loudmouthjulia, @mims, @cnbc, @digitalshields, @erikdavis, @pkafka, @rakeshlobster, @karaswisher, @ditzkoff, @keithboykin, @cgasparino, @edmundlee, @brianstelter, @jackmirkinson, @frankpallotta, @nichcarlson, @awallenstein, Forbes, @jbflint, @scottporch, @sherman4949, @zakiscorner, @thatjakepc, @cgasparino, @gracerandolph, @backlon, @pkafka, @sarafischer, @richlightshed, @w7voa, Scrawler, @alexweprin, @carnage4life, @mbgelman, @sherman4949, @sherman4949, @loudmouthjulia, @kerrymflynn, @sherman4949, @brazilbrian, @brianstelter, IndieWire, @richlightshed, @sivavaid, @sherman4949, @loudmouthjulia, @brianstelter, CNBC, @sherman4949, @lucas_shaw, @jimwaterson, ScreenRant, Den of Geek, Vanity Fair, Digiday, @oliverdarcy, The Hill, Fast Company, Variety, Gizmodo, /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”
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
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.
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.
 
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 More News: 
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
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
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
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
 

 
From Techmeme:

Andy Greenberg / Wired:
Cisco details a hacking campaign that penetrated multiple governments' networks using two zero-day flaws in its VPN and firewall Adaptive Security Appliances

Cheng Ting-Fang / Nikkei Asia:
TSMC unveils a new chip manufacturing technology called A16, and says the company plans to start producing its ultra-advanced 1.6nm chips by 2026

Ben Glickman / Wall Street Journal:
The US awards Micron up to $6.1B under the CHIPS Act, to support an up to $125B investment to build a “megafab” in New York and Idaho over the next 20 years
 
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