Top News:
Jessica Toonkel / The Information:
Sources: WarnerMedia is in talks to sell TMZ to Fox — AT&T's WarnerMedia is in talks to sell its TMZ tabloid entertainment company to Fox, according to people familiar with the situation. The talks are the latest move by WarnerMedia to slim down its collection of businesses.
Discussion:
The Wrap and @richlightshed
Alexa Corse / Wall Street Journal:
Dominion sues OANN and Newsmax for defamation over 2020 election rigging claims and seeks $1.6B+ in damages, citing lost profit and other costs — Voting-machine company seeks billions of dollars in damages, citing lost profit and other costs — WASHINGTON—One of the largest voting-machine companies …
Discussion:
Mediaite, Media Matters for America, @justinbaragona, @brianstelter, Insider, NPR, @bradheath, The Hill, Gizmodo, Washington Post, Forbes, nexttv.com, @keithboykin, Forbes, Al Jazeera, Slate, Variety, TVNewser, @alexacorse, CBS Denver, @anthony, @brianstelter, @lauferlaw, @nycsouthpaw, Talking Points Memo, The Wrap and Reuters
Todd Spangler / Variety:
YouTube launches protections for kids: default private uploads, turning off autoplay, and adding “take a break” and “bedtime” reminders by default — Google, responding to critics urging the internet giant to improve child safety in its services …
Discussion:
Axios, @margarethmcgill, MediaPost, Adweek and Ad Age, more at Techmeme »
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Tiffany Hsu / New York Times:
NBCUniversal says average nightly viewership for Tokyo Olympics was 15.5M, down 42% from 2016 and the lowest since it won exclusive US media rights 33 years ago — Average nightly viewership was 15.5 million, NBCUniversal said, the lowest since it won exclusive U.S. media rights 33 years ago.
Sara Fischer / Axios:
Salesforce launches Salesforce+, a free streaming service aimed at business professionals, with original programming from Salesforce and eventually its clients — Salesforce is the latest tech giant to venture into video streaming with the launch of a new service aimed at business professionals …
Robert Channick / Chicago Tribune:
Chicago Tribune names Mitch Pugh, executive editor of Charleston, SC's The Post and Courier, as its top editor; Colin McMahon steps down as EIC after 18 months — A summer of transition for the Chicago Tribune under new hedge fund ownership continued with the announcement Tuesday of a change at the top of the masthead.
Discussion:
@postandcourier, Robert Feder, @ctguild, @scmitchp, @niemanlab, @robertloerzel, @taylormooresays, @ctguild, @jslovegrove, Editor and Publisher and @monicaeng
Jem Aswad / Variety:
Vivendi sells 7.1% of Universal Music Group to Bill Ackman's Pershing Square for $2.8B, after plans to sell to Ackman's SPAC failed to materialize — France-based Vivendi, parent of Universal Music Group, has sold 7.1% of that company's share capital to Pershing Square Holdings …
Discussion:
Reuters and Music Business Worldwide
Axios:
Internal memo: Bloomberg Media revenue is up 53% YoY as subscriptions grew by 34% in H1, reaching more than 325,000, with 40%+ of subscribers outside the US — Subscriptions to Bloomberg Media grew by 34% in the first half of the year, reaching more than 325,000, according to an internal memo distributed …
Discussion:
@justin_b_smith
Alex Weprin / Hollywood Reporter:
NBCUniversal's Telemundo launches a new division to develop Spanish-language content for Peacock and says it already has 50+ projects planned — The new division, NBCUniversal Telemundo Hispanic Streaming, already has more than 50 projects planned for the NBCUniversal-owned streaming service.
Discussion:
Radio & Television …, Ad Age, The Wrap and Adweek
Chris Welch / The Verge:
TCL, which has long been the flagbearer of Roku TVs, launches new TVs with Google TV, saying it wants to give consumers more choice and it isn't abandoning Roku — The company insists this is about choice and says it's not leaving Roku behind — TCL has long been the flag bearer of Roku TVs.
Discussion:
Gizmodo, Light Reading, How-To Geek, @ztlaidlaw, @chriswelch and @ophirgottlieb, more at Techmeme »
Sara Fischer / Axios:
PitchBook: digital media startups raised $298.5M in 2020 and $115.4M so far in 2021, as investment slows from a peak of $1.1B in 2015 and $836.2M in 2014 — Media upstarts are attracting far less cash compared to the venture-backed media boom of 2014 and 2015, according to new data from Pitchbook.
Discussion:
@margaretmolloy, @blackamazon and @dskok
Rick Edmonds / Poynter:
Stewart Bainum, who tried to buy The Baltimore Sun from Alden, has posted job listings for a startup news outlet in Baltimore; source: plans are preliminary — Bainum's bid to buy The Baltimore Sun from Alden Global Capital fell through in the spring. Now he envisions taking on the Sun with a new nonprofit.
Discussion:
@rickedmonds, @sifill_ldf, @jaisalnoor, @carolsott, @kerrymflynn and @itsren
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