Top News:
Dan Mangan / CNBC:
National Enquirer's publisher has agreed to pay $187,500 in a FEC settlement over a 2016 hush-money payment to Karen McDougal, who alleged an affair with Trump — - The Federal Election Commission will let former President Donald Trump avoid any punishment for directing hush money payments to his alleged ex-mistress Karen McDougal.
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:
@cgasparino, New York Post, @gerberkawasaki, @bcheungz, @volatilitywiz, @lebeaucarnew, @kellygilblom, @bobonmarkets, The Wrap, Insider 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, @pauldavidson, /Film 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:
The Verge, MediaPost, Wall Street Journal, CNN, Protocol, @masonreloaded, ir.corporate.discovery.com, CNBC, Variety, @great_katzby, @bcdreyer, @rdrv3, @eshap, @harrymccracken, @carlquintanilla, @benfritz, @jessdrawz, @pierce, @xpangler, @reckless, @joemaring1, @eriqgardner, @kimmasters, @alexeheath, @taralach, @deggans, @artsypabster, ComingSoon.net, Collider, /Film, The Desk, The Streamable, The A.V. Club, Los Angeles Times, Variety, Bloomberg, WORLD SCREEN and Cord Cutters News, more at Techmeme »
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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
Discussion:
@curtishouck, IndieWire, @johnnydollar01, Forbes, @wsj, The Streamable, TVNewser, The Hill, hotpodnews.com and Reuters
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, What's New in Publishing and @cpokane
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, New York Times, Washington Post, Deadspin, @jonathanliew, @australianopen, @stephencurry30, @jeremylittau, New York Post, TheGrio, Chicago Sun-Times, Insider, @aoc, @jemelehill, @juliancastro, @joyannreid, Word in Black, @morganpcampbell, @cindi_leive, @blackamazon, @monaeltahawy, @tonaaayy_, @jasondcsoccer, @reallyswara, @thetrudz, @davideasson, @garyalsmith, @izzywestbury, @valeriejarrett, @daveleeft, @sinnamonlove, @raesanni, @timfullerton, @jeffjarvis, @jbarbassa, @triciaebarvia, @reshmasaujani, @jeffjarvis, @rgay, @berniceking, New York Times, Roland-Garros, Breitbart, The Guardian, BBC and Variety
Edmund Lee / New York Times:
Study details how ViacomCBS has used labyrinthine overseas tax shelters to avoid $4B in US taxes since 2002 on royalty revenue; ViacomCBS disputes the findings — A new report details ViacomCBS's use of a labyrinthine tax shelter to sell rights to its shows and films overseas.
Discussion:
@taxjusticewonk, @poppyalexander, @atomicanalyst, ScreenRant, @danpriceseattle, @peterhimler, @edmundlee, Gizmodo and Too Much TV Newsletter
Jamie Smyth / Financial Times:
Australia's competition commission chair calls the media bargaining code a success, after publishers make deals with Google and Facebook that may be worth $187M — Google and Facebook could pay about A$200m a year for media content following world-first law
Discussion:
@johnthornhillft, @hoofnagle, @dangillmor and 9News
Sara Guaglione / Digiday:
The Atlantic is spinning out its content and communications agency Atlantic 57, which will be rebranded Long Dash under the umbrella of Atlantic Media — The Atlantic is putting some separation between the publication and its agency Atlantic 57. The latter will be spun out into its own division …
Discussion:
@seangriffey and AgencySpy
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, CNBC, @myattsnider, @chrisfralic, @sub8u, @mgsiegler, @caseynewton, @backlon, @codepo8, @garettsloane, WWD, TechCrunch, Social Media Today and Digiday, more at Techmeme »
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, @globalecoguy, @ericholthaus, @ericholthaus, @ericagrownyc, Quartz, @ericholthaus, @tomgara, @coveringclimate, @michaelzimmer, @ericholthaus, @ai6yrham, @revue, @lanceulanoff, @nathanblawrence, @scottnover, @raju, @jayrosen_nyu, @mathewi, @kantrowitz, @thekenyeung, @tzm_tmt, @tomorrow, @afreedma, @growingwisdom, @rasmus_kleis, The Supercreator, 9to5Mac and Engadget
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:
Deadline, The A.V. Club, @loganvanwinkle, /Film, Boxoffice, Hollywood Reporter and Variety
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