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1:10 PM ET, May 18, 2022

Mediagazer

 Top News: 
Alex Weprin / Hollywood Reporter:
Warner Bros. Discovery says Chris Wallace, who had a show on CNN+, will host a primetime CNN show on Sunday evenings that will stream on HBO Max  —  CNN will also be getting a “reimagined” morning show later this year.  —  Chris Wallace is coming to primetime, as CNN CEO Chris Licht previews …
RELATED:
Joe Flint / Wall Street Journal:
Sources detail how Warner Bros. Discovery CEO David Zaslav is quickly making his mark, including abandoning CNN+ and others projects and forcing out executives  —  CEO David Zaslav has quickly put his stamp on Warner Bros. Discovery, weighing in on content, forcing out executives and cutting costly projects
RELATED:
J. Clara Chan / Hollywood Reporter:
At Bradcast 2022, YouTube focused on live shopping, short-form video, and the work of individual creators, as it moves away from original programming  —  YouTube will host its second Beauty Festival on June 16, but this time, viewers will be able to purchase products directly from the livestream.
Discussion: Engadget
Sarah Perez / TechCrunch:
Following years of complaints from creators, TikTok announces its first crediting tools, linking back to creators and trend originators within videos  —  After years of stolen memes and uncredited dance trends, TikTok today is introducing a new feature that it says will be the first iteration …
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Aisha Malik / TechCrunch:
TikTok launches Branded Mission, an ad product that lets advertisers crowdsource content from creators and turn top-performing videos into ads  —  TikTok announced today that it's launching a new ad product called “Branded Mission” that will allow creators to connect with brands and possibly receive rewards for videos.
Discussion: Ad Age
Ariel Shapiro / The Verge:
Internal Gimlet memo: Reply All podcast co-hosts Alex Goldman and Emmanuel Dzotsi will be leaving next month  —  It is unclear whether the show will continue after they leave  —  Reply All co-hosts Alex Goldman and Emmanuel Dzotsi will be leaving the show next month, according to an internal memo obtained by The Verge.
Alexandra Bruell / Wall Street Journal:
Recurrent Ventures, which owns Popular Science and 23 other brands, raises $300M led by Blackstone as it explores an IPO or sale to a larger media company  —  Media firm, which also counts Domino and Outdoor Life among its publishing brands, plans to use proceeds to fund acquisitions
Discussion: @anthony and @jaredbkeller
Leichtman Research Group:
Research: the largest US pay TV providers lost ~1.95M net video subscribers in Q1 2022 and have ~74.1M subscribers; the top seven cable companies have ~40.5M  —  Durham, NH — May 17, 2022 — Leichtman Research Group, Inc. (LRG) found that the largest pay-TV providers in the U.S. …
Discussion: The Streamable and Light Reading
Nicholas Confessore / New York Times:
Senator Chuck Schumer urges Rupert Murdoch to stop amplifying “replacement theory” on Fox News; Lachlan Murdoch said Tucker Carlson “decried” the theory in 2021  —  Senator Chuck Schumer, Democrat of New York and the majority leader, urged Fox News owner Rupert Murdoch …
 
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 More News: 
Caitlin Huston / The Hollywood Reporter:
Lachlan Murdoch says Fox is happy to stay out of the streaming “bloodbath” and argues free, ad-supported services are “definitely a better business than SVOD”
Discussion: Deadline
Jill Goldsmith / Deadline:
Filing: in Q1 2022, Berkshire Hathaway bought a $2.6B Paramount stake and boosted its Activision Blizzard and Apple positions; Paramount stock closes up 15.35%
 Earlier Picks: 
Darlene Superville / Associated Press:
A profile of White House Press Secretary Karine Jean-Pierre, the daughter of Haitian immigrants who worked for city council members, Obama, the ACLU, and MoveOn
Nellie Andreeva / Deadline:
Netflix cuts 150 jobs out of 11K across departments in a new round of layoffs, mostly in the US, as the company reins in costs amid slowing revenue growth
Dave Boucher / Detroit Free Press:
Michigan enacts laws requiring newspapers to post public notices online in a manner that is free for everyone; local governments must pay for notices in print