Top News:
Katherine Doherty / Bloomberg:
Source: Mudrick Capital sold all its AMC Entertainment stock Tuesday, the same day the chain said Mudrick had bought $230.5M in new shares; stock up 22%+ — - Investment firm takes advantage of rally fueled by day traders — Sale follows Mudrick Capital's $230 million purchase of shares
Discussion:
Insider, The Wrap, @cgasparino, @bcheungz, @volatilitywiz, @lebeaucarnew, @kellygilblom, @bobonmarkets and Financial Times
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Naman Ramachandran / Variety:
AMC is raising $230.5M and is in discussions with landlords of theaters formerly operated by Arclight Cinemas and Pacific Theatres — Leading cinema chain AMC is raising $230.5 million to purchase additional cinema leases and grow the consumer appeal of its existing properties.
Discussion:
Hollywood Reporter, The Wrap, /Film, @pauldavidson and Boxoffice
Georg Szalai / Hollywood Reporter:
Discovery CEO David Zaslav announces the new name for the combination of Discovery and AT&T's WarnerMedia: Warner Bros. Discovery — The merged company will go by Warner Bros. Discovery. — Discovery and AT&T's WarnerMedia shocked the media and entertainment world with their May 17 news …
Discussion:
Wall Street Journal, MediaPost, The Verge, CNN, /Film, Variety, The Streamable, The Desk, ir.corporate.discovery.com, ComingSoon.net, CNBC, @jessdrawz, Collider, @masonreloaded, @harrymccracken, @alexeheath, @artsypabster, @reckless, Variety, The A.V. Club, @bcdreyer, Los Angeles Times, @great_katzby, @rdrv3, @eshap, @carlquintanilla, @benfritz, @pierce, @xpangler, @joemaring1, @eriqgardner, @kimmasters, @taralach, @deggans, Bloomberg, WORLD SCREEN and Cord Cutters News
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Benjamin Mullin / Wall Street Journal:
Sources: CNN has struck deals with many of its anchors that will include work for CNN+, has considered putting ads on it, and won't stream prime-time shows — Service, known informally as CNN+, to feature new shows from anchors including Don Lemon and Anderson Cooper
Discussion:
Forbes, The Streamable, @curtishouck, TVNewser, @wsj, @johnnydollar01, hotpodnews.com, The Hill and Reuters
Joshua Robinson / Wall Street Journal:
Naomi Osaka withdraws from French Open after being fined $15K for not speaking to media, saying the interactions cause huge anxiety, impacting mental health — The world no. 2 had chosen not to face the media in Paris, citing mental health — Women's tennis world No. 2 Naomi Osaka withdrew …
Discussion:
@naomiosaka, Bloomberg, New York Times, Deadspin, New York Times, @jonathanliew, @stephencurry30, Roland-Garros, @jeremylittau, @aoc, NBC News, @jemelehill, @juliancastro, @joyannreid, @morganpcampbell, @cindi_leive, @blackamazon, @monaeltahawy, @tonaaayy_, @jasondcsoccer, @reallyswara, @thetrudz, @davideasson, @garyalsmith, @izzywestbury, @valeriejarrett, @daveleeft, @sinnamonlove, @raesanni, @timfullerton, @jeffjarvis, @jbarbassa, @triciaebarvia, @reshmasaujani, @jeffjarvis, @rgay, @berniceking, Breitbart, Fox News, BBC, The Guardian, TheGrio, Variety, Insider, BBC, The Wrap, Sportsnet.ca, Insider, WGN-TV, E! Online and The Guardian
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Jonathan Liew / The Guardian:
The post-match press conference has lost its meaning, as young athletes are expected to answer intimate questions in a cynical and often predatory environment
Discussion:
Wall Street Journal, Columbia Journalism Review, The Ringer, @thedeadballarea, @tyschalter, @joshberrycomedy, @ayocaesar, @liam_twomey, @drahmedkalebi, @calvinbook, @bumpergraham, @bizpears, @pagantrelawney, @nutmegradio, @jason_om, @ryanfenix, @bonnie_honig, @gracerandolph, @andrewdasnyt, @newsussexstan, @shahidkamal, @awelder, @iansherr, @medcrisis, @cheryl_kernot, @kazmahoney, @juliacarriew, @bettyaberlin, @driven2drink, @connorcricket, @hannahlichten, @rickeyrecricket, @jayrosen_nyu and bookforum.com
Sara Fischer / Axios:
Twitter launches Tomorrow, a weather news service, which includes newsletters, ticketed audio sessions, Q&As, and is led by climate journalist Eric Holthaus — Twitter is partnering with veteran climate journalist and meteorologist Eric Holthaus to launch a local weather news service …
Discussion:
@ericholthaus, @sarafischer, The Supercreator, @michaelzimmer, Social Media Today, @globalecoguy, @ericagrownyc, 9to5Mac, @tomorrow, @revue, @jayrosen_nyu, @lanceulanoff, @nathanblawrence, @tzm_tmt, @thekenyeung, @tomgara, @kantrowitz, @scottnover, @coveringclimate, @afreedma, @ai6yrham, @growingwisdom, @rasmus_kleis, @mathewi, @raju and Engadget, more at Techmeme »
Max Willens / Digiday:
Sources: Amazon is meeting with companies to discuss plans for an identifier that would allow advertisers to track and measure activity within its ad ecosystem — Amazon is hoping to use the identity vacuum Google has opened with its deprecation of the third-party cookie to suck up more business for its own DSP and publisher services.
Discussion:
@rossdawson, @maxwillens, @cpokane, 9to5Google and Engadget
Kim Lyons / The Verge:
Twitter says it will start adding full-screen ads to Fleets, supporting images and videos that can be up to 30 seconds long, initially in US on iOS and Android — A handful of advertisers will begin testing the format Tuesday — Twitter said Tuesday it will start adding full-screen ads to Fleets …
Discussion:
Ad Age, WWD, CNBC, Social Media Today, @chrisfralic, @sub8u, @caseynewton, TechCrunch, @backlon, @garettsloane, Digiday and @codepo8, more at Techmeme »
Sara Fischer / Axios:
Substack is growing abroad and has selected several non-US journalists for its Substack Local fund, but will need to expand language support and adjust payments — Substack now has hundreds of newsletters from journalists based outside the U.S., co-founder Hamish McKenzie tells Axios.
Discussion:
@sarafischer, @sarafischer, @niubi and blog.substack.com
Beatrice Verhoeven / The Wrap:
Alamo Drafthouse emerges from Chapter 11 bankruptcy, plans 5 new theaters in 2021; Fortress Investment Group and Altamont Capital to take control of the company — Alamo Drafthouse has emerged from Chapter 11 bankruptcy and will open five new theaters this year and next, the company announced Tuesday.
Discussion:
/Film, Variety, @loganvanwinkle, Deadline, Hollywood Reporter and Boxoffice
James Rainey / Los Angeles Times:
Sonoma County's Press Democrat reassesses after quashing a reporter's probe of assault claims against a local politician; SF Chronicle later published her work — The front-page shockers began in early April and just kept coming: A young mayor from the San Francisco Bay's wine country …
Discussion:
American Press Institute, @crossingbordas, New York Times, @coreyhutchins, @wesley___wright, @latimes, @latimes and @paula_span
Sara Fischer / Axios:
Outside is launching Outside+, an annual membership giving members access to Outside magazine and another brand magazine of their choice, discounted gear, more — Outside, the media company home to dozens of outdoor enthusiast brands, is launching Outside+, an annual membership that combines …
Discussion:
@chaykak and @simonowens
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