Top News:
New York Times:
Forbes ends its plan to go public via a SPAC merger at a $630M valuation, after announcing the deal with Hong Kong's Magnum Opus in August 2021 — The century-old business magazine had aimed to go public through a blank-check company based in Hong Kong but changed course after the market flipped.
Greg Stohr / Bloomberg Law:
SCOTUS blocks Texas' social media content moderation law in a 5-4 vote, putting the measure on hold while a constitutional challenge proceeds in a lower court — The US Supreme Court blocked a Texas law that critics say would fundamentally transform Twitter Inc. and Meta Platforms Inc.'s Facebook …
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Luc Cohen / Reuters:
Sarah Palin loses her bid for a new defamation trial against The New York Times, after her lawyers asked the judge to disqualify himself; she plans to appeal — Former Republican vice presidential candidate Sarah Palin on Tuesday lost her bid to have the judge who oversaw …
Discussion:
New York Times, The Hill, @bgrueskin, CBS News, New York Post, @thedailybeast, @mollyjongfast, @paulrauber, @cliffordlevy and Axios
Joan Biskupic / CNN:
Sources: Supreme Court officials are requiring law clerks to provide cell phone records and sign affidavits, as they search for the source of the Politico leak — (CNN)Supreme Court officials are escalating their search for the source of the leaked draft opinion that would overturn Roe v. Wade …
Discussion:
Political Junkie, Washington Post, @michaelsocolow, @imillhiser, @warondumb, @bradmossesq, @xor, Law & Crime, Substack, The Week, Vanity Fair, Mediaite, New York Magazine, Insider, The Guardian, Reason and New York Post
Jim Waterson / The Guardian:
The BBC says a widely criticized article from October 2021 claiming some lesbians feel pressured into sex by trans women failed to meet its accuracy standards — Article claiming some lesbians feel pressured into sex by trans women found to have fallen beneath standards
Alex Sherman / CNBC:
NESN, which broadcasts Boston Red Sox and Boston Bruins games, becomes the first US regional sports network to launch a standalone streamer, costing $30/month — - NESN, which broadcasts Boston Red Sox and Boston Bruins games, is the first regional sports network in the U.S. to launch …
Discussion:
@sherman4949
Nate Raymond / Reuters:
New report shows policymakers approved a plan to end PACER fees for non-commercial online court records searches, as Congress debates requiring free downloads — (Reuters) - Federal judiciary policymakers have approved a plan to eliminate costly fees for online docket searches amid debate …
Discussion:
@kinseyandrew, Reason, @pamelacolloff, @mattdpearce, @margotwilliams, @kurtopsahl, @jenniferkates, @jacobwolf, @sewellchan, @brooklynmarie, @olgakhazan, @adamsteinbaugh, @iamstevenpotter, @seamushughes, @sarahscire, @mythserene, @marcusgreenwdrb, @shawnmusgrave, @trestocks, @maxapotter and @codylillich
Bron Maher / Press Gazette:
In an interview, The Economist's head of podcasts says the outlet will experiment with a podcast paywall; 3M+ people a month listen to The Economist's shows — The Economist's monthly podcast listeners are now more than double its print subscriber base - and the audio products are paying …
Discussion:
Talking Biz News, @pressgazette, @pressgazette and @pressgazette
Bloomberg:
The UK's CMA opens an antitrust investigation into the BT and Warner Bros. Discovery joint sports venture, setting a July 28 deadline to open an in-depth probe — BT Group Plc's £633 million ($797 million) sport TV joint venture with American media giant Warner Bros. Discovery Inc …
Discussion:
GOV.UK, Light Reading, Reuters, Deadline, Broadband TV News, Digital TV Europe, Variety and The Hollywood Reporter
Kerry Flynn / Axios:
BuzzFeed says HuffPost operated profitably in 2021 after the acquisition closed in February 2021 and CEO Jonah Peretti made job cuts; HuffPost is hiring again — Exit Content Preview — Under BuzzFeed's ownership, HuffPost has become a profitable media company.
Discussion:
Axios
Rest of World:
Some Netflix users in Peru say its “add an extra member” test to crack down on password sharing has led to widespread confusion and cancellations — Widespread customer confusion and regulatory hurdles are a taste of what's to come soon for markets around the world. — • LIMA, PERU
Discussion:
MediaPost, @tiagodf, Insider, International Banker, @cengizyar, @khushbuoshea, @alexgonzor, @leomschwartz, @aaschapiro, The Verge, Protocol, TechCrunch, Next TV, Gizmodo and The Streamable
Patrick Brzeski / Hollywood Reporter:
Research: Disney+ Hotstar added 2.8M subscriptions in Q1 2022 in Southeast Asia for a total of 39.5M, capturing 22% of new streaming subscribers in the region — Disney+ Hotstar became the first premium SVOD service to reach 5 million subscribers in Indonesia, while Netflix still leads the race in the rest of Southeast Asia.
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