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.
Discussion:
Wall Street Journal, @kenvogel, @froomkin, @thepaulsryan, @thepaulsryan, @nestruck, @mollyjongfast, @kenvogel, @davidoatkins, @jonrog1, Bloomberg, @markseibel, @lalpert1, @anthony, @thepaulsryan, Politico, @thepaulsryan, theweek.com, @incilin, Washington Post, The Hill, New York Post, The Wrap and New York Times
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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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, @great_katzby, @bcdreyer, @rdrv3, @eshap, @harrymccracken, @carlquintanilla, @benfritz, @jessdrawz, @pierce, @xpangler, @reckless, @joemaring1, @kimmasters, @alexeheath, @taralach, @deggans, @artsypabster, CNBC, @eriqgardner, Variety, ComingSoon.net, Collider, /Film, The A.V. Club, The Desk, The Streamable, 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, @wsj, Forbes, 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
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, @wuerker, @danpriceseattle, ScreenRant, @peterhimler, @edmundlee, Gizmodo and Too Much TV Newsletter
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, @aoc, TheGrio, Chicago Sun-Times, Insider, @jemelehill, @juliancastro, @joyannreid, @morganpcampbell, Word in Black, @cindi_leive, @blackamazon, @monaeltahawy, @tonaaayy_, @jasondcsoccer, @reallyswara, @thetrudz, @davideasson, @garyalsmith, @izzywestbury, @valeriejarrett, @daveleeft, @sinnamonlove, @raesanni, @timfullerton, @jeffjarvis, @jbarbassa, @triciaebarvia, @reshmasaujani, @jeffjarvis, @rgay, @berniceking, The Guardian, New York Times, Breitbart, Roland-Garros and BBC
Kate Clark / The Information:
Sources: Union Square Ventures has invested in publishing tool Mirror.xyz, which resembles Medium but adds funding options via NFT sales, at a $100M valuation — Union Square Ventures, an early backer of the cryptocurrency exchange Coinbase, has invested in crypto publishing tool Mirror.xyz …
Discussion:
@lubchansky, @drnovac, @amir, @rsettles, @mdudas, @kateclarktweets and @sam_bronstein
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:
The Rebooting, @seangriffey and AgencySpy
Rachel Chitra / Reuters Institute for the Study …:
At least 474 Indian journalists have died from COVID-19 through May and reporters are now calling for vaccination access and timely medical care — Labelled “presstitutes” and “unpatriotic”, reporters are dying with little to no support from their newsrooms or their government
Discussion:
@caithlinmercer and @meeraselva1
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, @adage, CNBC, @mgsiegler, @myattsnider, @chrisfralic, @sub8u, @caseynewton, @backlon, @codepo8, @garettsloane, WWD, TechCrunch, Social Media Today and Digiday, more at Techmeme »
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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