Top News:
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 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:
MediaPost, @mathewi, @naveedajamali, @petersgoodman, @natsecjeff, @sivavaid, @jeffjarvis, @bmorrissey, @mattgertz and @petersterne
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
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 plans to launch a free, ad-supported streaming news channel for local, national, and current affairs, on digital and TV platforms this fall — CBC News announced on Thursday it will be launching a new ad-supported streaming channel across its digital platforms this fall.
Discussion:
@greenfield64 and @jackshafer
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:
Bloomberg, LinkedIn, @bertuzluca, Engadget, Euractiv, @tariqkrim, @thierrybreton, 9to5Mac, AppleInsider, European Parliament, @carnage4life and MacRumors, more at Techmeme »
Stephen Grey / Reuters:
In a Reuters 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 …
Discussion:
@globalfreemedia, The Guardian, @sarah_m_clarke, @rebecca_vincent, @wonderymedia, @stephengrey, The Daily Beast, @w7voa and Politico
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:
@code_star, @leilafadel, @grahambrewer, @nprinskeep, @sarahmccammon, @nprinskeep, @nprinskeep, New York Post, @danielberman2, @allisonlcarter, @smotus, The Wrap, Fox News and NPR
Reuters:
French music streamer Deezer goes public via a SPAC merger on the Euronext stock exchange, opening at €8.50 per share before dropping 29.41% to €6 — 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, 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 …
Discussion:
Jewish Telegraphic Agency, @rosiescammell, @hallamohieddeen and @juliepace
Krassen Nikolov / Euractiv:
Bulgarian secret services say they have data showing that Russia pays about €2,000/month to journalists and others to shape public opinion — The Bulgarian secret services have data showing that Russia pays about €2000 (BGN 4,000) per month to public figures, journalists …
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