Top News:
Joe Pompeo / Vanity Fair:
Allen & Co.'s annual Sun Valley conference begins on July 5 with executives from Warner Bros. Discovery, Disney, and more, as financial woes dampen dealmaking — As fleece-clad billionaires—and newcomers like Bari Weiss—flock to Idaho this week, Sun Valley fixtures are buzzing about Netflix's future …
Manori Ravindran / Variety:
To cut costs, HBO will cease producing HBO Max originals in the Nordics, Central Europe, the Netherlands, and Turkey and will also remove some HBO Max content — As the media conglomerate looks to recalibrate its streaming priorities, it will no longer produce originals in the Nordics …
Elizabeth Aubrey / NME:
David Crosby, Stephen Stills, and Graham Nash's music returns to Spotify, after they removed it in February in solidarity with Neil Young's Joe Rogan protest — Of the news, David Crosby said: “I don't own it now and the people who do are in business to make money”
Gary Ng / iPhone in Canada Blog:
Canada's CBC News says it will launch a free, ad-supported streaming channel across its digital platforms this fall — CBC News announced on Thursday it will be launching a new ad-supported streaming channel across its digital platforms this fall. — The 24/7 streaming news channel …
Discussion:
@greenfield64 and @jackshafer
Colby Hall / Mediaite:
NPR ends its 33-year tradition of reading the US Declaration of Independence on July 4, instead discussing the meaning of the phrase “all men are created equal” — Morning Edition host Steve Inskeep typically celebrates July 4th with an annual reading of the Declaration of Independence to his loyal listeners on NPR.
Discussion:
@leilafadel, @grahambrewer, @nprinskeep, @sarahmccammon, @nprinskeep, @nprinskeep, Fox News, New York Post, @danielberman2, @allisonlcarter, The Wrap, @smotus and NPR
Dominic Ponsford / Press Gazette:
The Guardian joins Google News Showcase in the UK, making DMGT the only major mainstream UK commercial publisher not part of the initiative — The Guardian has signed a deal with Google to take payments likely to be worth millions per year for content. — It is the latest UK publisher …
Discussion:
The Keyword
Foo Yun Chee / Reuters:
EU lawmakers pass the Digital Services Act and Digital Markets Act, seeking to regulate US tech giants, but enforcement could be hamstrung by limited resources — EU lawmakers gave the thumbs up on Tuesday to landmark rules to rein in the power of tech giants such as Alphabet (GOOGL.O) …
Discussion:
TechCrunch, AppleInsider, European Parliament, 9to5Mac, MacRumors and Broadband TV News, more at Techmeme »
Angela Fu / Poynter:
The Aspen Times suffered a staff exodus after its new owner, Ogden, quashed coverage of a defamation lawsuit by billionaire Vladislav Doronin against the outlet — Ogden's decision not to cover a billionaire's lawsuit against The Aspen Times has sent the paper — and the town — spiraling
Discussion:
@jayrosen_nyu, @xshularx, @jeffjarvis, @poynter, @spj_tweets and @irenegentle
Seb Joseph / Digiday:
Digital ad and linear TV ad spending by the top crypto advertisers in the US plummeted in the last few months amid a sharp decline in crypto markets — Don't expect to see many crypto ads for a minute. The companies behind them are trimming down costs wherever they can, including advertising.
Discussion:
@samro, @ahcastor and @davidgerard, more at Techmeme »
Reuters:
French music streamer Deezer goes public via SPAC on the Euronext stock exchange, opening at €8.50/share before dropping ~27% to around €6.50 — Shares of French music-streaming platform Deezer plunged as much as 35% on its first trading day, in a blow to telecoms maverick Xavier Niel …
Discussion:
Music Business Worldwide and Light Reading
Miranda Bryant / The Guardian:
News UK's talkTV apologized to Mind on air after a presenter claimed the UK mental health charity funded the legal fees of asylum seekers — Channel apologises to Mind after claiming charity funded legal fees of asylum seekers — Rupert Murdoch's talkTV has apologised to Mind after claiming …
Discussion:
@stopfundinghate, @markoneinfour, Third SectorMainNet, Deadline and LinkedIn
Alex Weprin / Hollywood Reporter:
As NESN and Sinclair-owned Bally Sports launch streaming offerings, regional sports networks envision a hybrid DTC and pay TV model for the foreseeable future — NESN and Sinclair-owned Bally Sports are the first out of the gate, but as the pay TV bundle declines, RSNs are looking …
Discussion:
@mtfiii, @erik_hayden and @jeremymevansesq
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