Top News:
Lucas Shaw / Bloomberg:
Netflix, Amazon, Warner Bros., and others cut costs, staff, movies, and TV shows; the industry released 559 scripted shows in 2021, up by 200+ compared to 2013 — The sudden decline in Netflix's share price and the growing fear of a recession have forced Hollywood into a new period of fiscal austerity.
Discussion:
@merrillbarr, Digiday, TechCrunch, @mattrosoff, @trengriffin, @lucas_shaw, The Streamable, @nickandmore, mxdwn Television, Tom's Guide and CINEMABLEND
Stuart A. Thompson / New York Times:
Analysis: “Democrats cheating” and similar ideas have been raised 5K+ times on radio shows in 2022; radio remains the most influential medium for conservatives — Election fraud claims from 2020 are widespread on talk radio, contributing to the belief that the midterm results cannot be trusted.
Erik Crouch / Committee to Protect Journalists:
The CPJ says the US should ensure accountability in Shireen Abu Akleh's killing, after the US said a probe found no reason to believe her death was intentional — The U.S. government should ensure that those responsible for the killing of Palestinian American journalist Shireen Abu Akhleh …
Chris Roush / Talking Biz News:
Bloomberg News' investigations team adds five members, including four from BuzzFeed News: Anthony Cormier, Jason Leopold, Kendall Taggart, and Alex Campbell — Bloomberg senior executive editor Otis Bilodeau and executive editor Robert Blau sent the following memo to Bloomberg's investigations team on Tuesday:
Cristina Criddle / Financial Times:
Sources: TikTok abandons plans to expand its TikTok Shop live e-commerce program to Europe and the US, after internal problems and a lack of traction in the UK — Chinese-owned social media platform's foray into livestream shopping in the UK has struggled to gain traction
Joe Pompeo / Vanity Fair:
Allen & Co.'s annual Sun Valley conference begins on July 5 featuring Warner Bros. Discovery, Disney, Netflix, 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 …
Alex Weprin / Hollywood Reporter:
Peter Chernin announces The North Road Company, rolling up Red Arrow and two other content studios, and raises $800M, source says at a $1B+ valuation — North Road will house Chernin Entertainment; U.S. assets of Red Arrow Studios; and Words + Pictures, with more acquisitions to follow.
Discussion:
Axios, @danprimack, @alexweprin and @sarafischer
Jeffrey M. Jones / Gallup:
A Gallup survey of Americans' confidence in major US institutions shows a drop of 5 percentage points for both newspapers and TV news from 2021 to 2022 — WASHINGTON, D.C. — Americans are less confident in major U.S. institutions than they were a year ago, with significant declines for 11 …
Alex J. Rouhandeh / Newsweek:
IBT Media sues Newsweek and its CEO, seeking to cancel the 2018 deal to spin out Newsweek, which IBT claims was a PR stunt to shield the magazine from bad press — IBT Media is asking a New York court to cancel a 2018 deal in which Newsweek was spun off as an independent company …
Discussion:
@mathewi, @film_girl, @mattgertz, @petersterne, @zzzzaaaacccchhh, @moorehn, @natsecjeff, @sivavaid, @jeffjarvis, @bmorrissey, @naveedajamali, @petersgoodman and MediaPost
Foo Yun Chee / Reuters:
EU lawmakers pass the Digital Services Act and the Digital Markets Act, seeking to regulate US tech giants, but limited resources could hamstring enforcement — 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:
@bertuzluca, LinkedIn, Protocol, Beyond Search, TechCrunch, Input, @thierrybreton, @slightlylate, Gizmodo, @carnage4life, @tariqkrim, Bloomberg, 9to5Mac, MacRumors, AppleInsider and European Parliament, more at Techmeme »
Lauren Easton / Associated Press:
The Associated Press reopens its Gaza Strip bureau in a new location over a year after an Israeli airstrike destroyed the building housing its former office — Over a year after the building housing the news agency's Gaza bureau was destroyed in an Israeli airstrike, The Associated Press announced today …
Stephen Grey / Reuters:
In an interview from jail, the man accused of detonating the car bomb that killed Maltese journalist Daphne Caruana Galizia confesses to the crime — The man accused of detonating a car bomb that killed a prominent Maltese journalist has confessed to the crime in an interview with a Reuters reporter …
Discussion:
Media1, @stephengrey, @sarah_m_clarke, @rebecca_vincent, @heidi_cuda, @globalfreemedia, @wonderymedia, @w7voa, The Guardian, The Daily Beast and Politico
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