Mediagazer: Peter Chernin debuts The North Road Company, rolling up Red Arrow, Chernin Entertainment, and Words + Pictures, backed by $800M, source says at a $1B+ valuation (Alex Weprin/Hollywood Reporter)

2:00 PM ET, July 6, 2022

Top News:

Stuart A. Thompson / New York Times:

Analysis: “Democrats cheat” and similar ideas have been raised 5K+ times on radio shows in 2022; radio remains perhaps the most influential medium for the right — Election fraud claims from 2020 are widespread on talk radio, contributing to the belief that the midterm results cannot be trusted.

Discussion: @maradavis, @kira_lerner, @jillgeisler, @melissajpeltier, @timjgraham, @b52malmet, @timjhogan, @emilymason1192, @patrick_hruby, @kaleighrogers, @gpaddymanning, @dankennedy_nu and Wayne Besen

Alex Weprin / Hollywood Reporter:

Peter Chernin debuts The North Road Company, rolling up Red Arrow, Chernin Entertainment, and Words + Pictures, backed by $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: Variety, The Wrap, Axios, @danprimack, @alexweprin, @loudmouthjulia and @sarafischer

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, CINEMABLEND and Variety

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 …

Discussion: United States Department …, @btselem, Reporters Without Borders, @bowenbbc, @eliclifton, @pwidakuswara, @jstreetdotorg, @btselem, @jjz1600, @pressfreedom, @maxberger, @colinkalmbacher, @kenklippenstein, Al Jazeera, Voice of America, New York Times, Jewish Telegraphic Agency and Mediaite

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:

Discussion: @jasonleopold, @kendallttaggart, @vermontgmg, @levinecarrie, @katherineeban, @jasonleopold, @coreygjohnson, @craigsilverman, @calebmelby, @sarahfrier, @georgewpapajohn, @kenbensinger, @kantrowitz and @jamespmanley

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 Weprin / Hollywood Reporter:

How Amazon is tying its fast-growing video offerings to its core retail business, helping sell more goods and drive Prime subscriptions — An exclusive sneak peek at the new ‘LOTR,’ steep discounts on big-screen TVs for optimal football viewing, and other deals are part of Amazon's pre-Prime Day promotions.

Discussion: TechCrunch

Lesley Goldberg / Hollywood Reporter:

David Madden, former AMC and Fox TV Studios president, joins Wattpad Webtoon Studios as global head of entertainment — The former AMC and Fox TV Studios topper most recently was president of TV for Berlanti Productions. — David Madden has lined up his next act.

Discussion: Variety and WORLD SCREEN

Charlotte Tobitt / Press Gazette:

UK Culture Secretary Nadine Dorries decides not to intervene in Newsquest's takeover of fellow regional publisher Archant — Culture Secretary Nadine Dorries has decided not to intervene in Newsquest's takeover of fellow regional publisher Archant. — She made the decision …

Discussion: What's New in Publishing

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

Discussion: The Verge, Music Ally, Music Business Worldwide, @dinafierro_, @ericjhonsa, @adrianweckler, @martinsfp, @iiiitsandrea, The Information, @adhutchinson, @mattnavarra, The Drum, Tubefilter, TechCrunch, PRWeek, Newslit Daily and 9to5Mac

Terence McGinley / New York Times:

A Q&A with David Fahrenthold on why the world of nonprofit charities is prime for investigative reporting, how he became an investigative reporter, and more — David Fahrenthold of The Times discusses why the world of nonprofit charities is prime for investigative reporting.

Discussion: American Press Institute, @fahrenthold, @jdawsey1, @hollyvhays, @houmanitarian, @ngreenberg and @michaelkruse

Megha Paul / Tech.eu:

US-based Xperi, which runs TiVo, acquires Oslo-based OTT and hybrid TV solutions service Vewd for $109M in cash and debt — The deal will give Xperi an installed European footprint of about 15 million devices and pave the way for an expansion of TiVo+, a free, ad-supported video streaming service

Discussion: Light Reading, Digital TV Europe, Light Reading, Next TV and Radio & Television …

Caitlin Huston / The Hollywood Reporter:

Comscore names Jon Carpenter as CEO; Carpenter served as CFO since November 2021 — The executive succeeds Bill Livek, who previously announced his retirement. … Carpenter takes over the role after having served as Comscore's chief financial officer since November 2021.

Discussion: MediaPost, Ad Age, Adweek, Next TV and TVNewsCheck

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Dominic Ponsford / Press Gazette:
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Earlier Picks:

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

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Foo Yun Chee / Reuters:
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Digital ad and linear TV ad spending by the top crypto advertisers in the US plummeted in the past few months amid the cryptocurrency markets' sharp decline

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Miranda Bryant / The Guardian:
News UK's talkTV apologizes to Mind on air after presenter Mike Graham claimed in June that the UK mental health charity funded the legal fees of asylum seekers

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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

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Mark Gurman / Bloomberg:
Thoughts on Apple TV's history and future; sources: Apple postponed a larger-than-usual number of iOS 19 features to spring 2026, when iOS 19.4 is set to debut

Wall Street Journal:
Sources: in the past year, Cantor Fitzgerald agreed to invest as much as $600M in Tether for about a 5% stake; Cantor holds most of Tether's $134B in assets

Washington Post:
Sources: Marc Andreessen, Travis Kalanick, and others are involved in Department of Government Efficiency; Andreessen is acting as a networker for recruitment

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