Top News:
Tim Baysinger / Axios:
Sources: Diamond expects to lose some MLB rights after bankruptcy but could retain the sports rights for the 16 NBA and 12 NHL teams the company currently owns — Diamond Sports Group expects to come out of its bankruptcy process with fewer teams' rights, with the cuts coming from its baseball roster …
Discussion:
Sportico, The Streamable, @jeremydstanley, @benverlander, @kerrymflynn, @kerrymflynn, UPI, Associated Press, Next TV and CNBC
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Dietrich Knauth / Reuters:
Diamond Sports, which operates the Bally Sports channels, files for Chapter 11 bankruptcy in Texas, listing both assets and liabilities between $1B and $10B — Diamond Sports Group, which provides local television broadcasts for nearly half of NBA, NHL and MLB games, filed for U.S. bankruptcy protection …
Discussion:
Business Wire, Bloomberg, @ourand_sbj, MediaPost, Axios, CBS News, @tvgrimreaper, @ourand_sbj, @adater, @ourand_sbj, @ourand_sbj, @loudmouthjulia, @claylepard, Barrett Media, Deadline, MarketWatch and Sportico
Alexandra Bruell / Wall Street Journal:
BuzzFeed News EIC Karolina Waclawiak says the outlet plans to publish more stories to boost profits, focus on viral topics, and pursue long-form investigations — ‘What we can control is how many stories we publish each day,’ BuzzFeed News editor in chief tells newsroom
Discussion:
@mikeisaac, @brianstelter, @jasonnark, @danbeucke, @steveashleyplus, @tsuvik, @tianathefirst, @mikeisaac, @alexbruell, @mediaevan, @bsbonner and @mzhemingway
Jonathan Stempel / Reuters:
The US charges exiled Chinese businessman Guo Wengui, tied to GTV Media, with defrauding his online followers out of $1B+ and arrests him; DOJ seizes $634M — The U.S. government on Wednesday charged exiled Chinese businessman Guo Wengui with fraud, accusing him of orchestrating a conspiracy …
Jennifer Maas / Variety:
Q&A with new Vice Media co-CEOs Bruce Dixon and Hozefa Lokhandwala on Nancy Dubuc's exit, potential sale and buyers, divesting assets like Refinery29, and more — But despite the newness of their current roles, Lokhandwala and Dixon are already well versed in the inner workings …
Discussion:
Adweek and @kerrymflynn
Michael J. Socolow / The Conversation:
While Americans across the political spectrum have a growing disdain for journalism, media criticism remains an essential component of a vibrant democracy — Everyone seems to hate what they call “the media.” — Attacking journalism - even accurate and verified reporting - provides a quick lift for politicians.
Discussion:
Columbia Journalism Review, @reditlhabi, @risj_oxford, @michaelsocolow, @klerner, @jackshafer, @naomi_schalit, @niemanlab and Newhouse School …
The Verge:
Sources: Spotify HiFi as a premium tier was ready to launch over a year ago, but Apple's decision to offer lossless audio at no extra charge spoiled its plans — Even though Spotify HiFi still hasn't launched after being announced more than two years ago, some kind of lossless experience …
Discussion:
Music Ally, @chriswelch, 9to5Mac and The Desk, more at Techmeme »
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Ivan Mehta / TechCrunch:
Quora launches a $19.99/month tier for its chatbot app Poe, giving users access to bots powered by GPT-4 and Anthropic's Claude+ on iOS or Apple Silicon Macs — Yesterday, OpenAI unveiled its new GPT-4 model and competitor Anthropic unveiled its own ChatGPT competitor Claude.
Discussion:
Axios
Colin Mann / Advanced Television:
Aluma Insights: 50%+ of US subscribers to the top 16 SVODs view Netflix, Hulu, and Disney+ as essential and Epix Now, Apple TV+, and Peacock as least essential — New research from Aluma Insights finds two-thirds of US Netflix buyers view the service as indispensable to meeting household video needs.
Discussion:
MediaPost
Sara Fischer / Axios:
Snap plans to begin publishing its guidelines for serving personalized Snapchat content after previously sharing them with publishing partners and some creators — Snapchat on Wednesday said it will begin publishing guidelines that detail what types of content gets algorithmically distributed in its app to users.
Discussion:
TechCrunch and Snap Inc., more at Techmeme »
RFE / Radio Free Europe/Radio Liberty:
A Russian court declares RFE/RL bankrupt, after it refused to pay $14M+ for noncompliance with a “foreign agents” law; RFE/RL calls the law political censorship — A Moscow court has declared the bankruptcy of RFE/RL's operations in Russia following the company's refusal …
Discussion:
The Desk, Voice of America and scussion
Jason Kottke / kottke.org:
Kottke.org turns 25: the weblog with around 40K posts was started by Jason Kottke when he was 24 and has been his full-time job supporting his family since 2005 — I realize how it sounds, but I'm going to say it anyway because it's the truth. When I first clapped eyes on the World Wide Web, I fell in love.
Discussion:
@hemeon, @jeansnow, @bwjones, @antonioortiz, @om, @abnormalreturns, @dvg, @conroyforreal, @ftrain, @beforesmag, @salimismail, @waxy, @davewiner, @tveskov, @austinkleon, @anildash and @kottke
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