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1:00 PM ET, May 5, 2023

Mediagazer

 Top News: 
Alex Weprin / The Hollywood Reporter:
Eight CW stations plan to go independent in September, carry Paramount content, and pursue sports deals akin to Scripps  —  CW stations in Philadelphia, Seattle, Atlanta, Detroit and other major markets will drop their affiliation and go independent.
RELATED:
John Ourand / Sports Business Journal:
Scripps signs a multiyear deal to carry the games of the NHL's Vegas Golden Knights, another team bypassing RSNs  —  For the second time in a week, a local broadcast channel picked up the rights to a professional sports team.  Scripps has signed a multiyear deal to carry all Golden Knights games …
Washington Post:
Sources: Tucker Carlson aspires to move into a larger role that doesn't limit him to a single medium and wants to moderate a GOP candidates' forum for 2024  —  The fired Fox host, hoping for a next act bigger than podcasting, would forfeit millions owed to him in his network contract …
Cristina Criddle / Financial Times:
A journalist recounts discovering she'd been surveilled by ByteDance in 2022 after reporting on TikTok's difficulties in London and wonders why she was targeted  —  The FT's Cristina Criddle on discovering she'd been surveilled by the controversial social media company
Wall Street Journal:
Sources: Vice Media is nearing a deal to be acquired out of bankruptcy by lenders including Fortress Investment Group and Soros Fund Management for ~$400M  —  The media business is in talks to sell itself to top lenders Fortress Investment and Soros Fund Management through a reorganization that would wipe out other investors
Georg Szalai / The Hollywood Reporter:
WBD Q1: revenue of $10.7B and a loss of $1.07B, $2.46B in streaming revenue with a $50M profit, up from a $217M loss in Q4 2022, and 97.6M streaming subscribers  —  The company, led by CEO David Zaslav, reported negative free cash flow in the first quarter due to interest and sports rights payments …
Todd Spangler / Variety:
Apple reports Q2 revenue for its Services segment, which includes Apple TV+, Apple News+, and Apple Music, grew 5.5% YoY to $20.9B  —  But the tech giant topped Wall Street expectations and its services business hit a new record for sales, while iPhone revenue also increased year-over-year.
Colby Hall / Mediaite:
Fox News sends Media Matters a cease and desist letter over a series of stories featuring leaked footage of Tucker Carlson, claiming it is proprietary material  —  Fox News has sent a cease and desist letter to Media Matters and its president and CEO Angelo Carusone over a series of stories posted …
Matthew Keys / The Desk:
Fox launches Fox Local, a free streaming app with local news, weather, and programming in three markets, with plans to roll out to 14 others soon  —  The Fox Local app offers live access to news feeds from three Fox-owned stations; the other 14 will be added at a later date.
Aisha Majid / Press Gazette:
Chartbeat data for 1,350 publishers: Facebook drove 27% of page views coming from external, search, and social in January 2018, falling to 11% in April 2023  —  Data from Chartbeat and Similarweb shows how news publisher Facebook traffic has fallen.  —  Facebook referral traffic has plummeted …
Tim Baysinger / Axios:
CEO Bob Bakish says Paramount restarted the process to sell Simon & Schuster, after US regulators blocked selling the publisher to Penguin Random House in 2022  —  Paramount Global has restarted the sale process for book publisher Simon & Schuster, CEO Bob Bakish said this morning during the company's earnings call.
Discussion: Associated Press
RELATED:
Caitlin Huston / The Hollywood Reporter:
Paramount CEO Bob Bakish says consumers won't notice the WGA writers' strike “for a while”, citing unscripted content, a large library, and offshore production
Lucas Manfredi / The Wrap:
Paramount Q1: revenue down 1% YoY to $7.3B and a $1.23B loss; streaming revenue up 39% YoY and a $511M loss; Paramount+ hits 60M subscribers; PARA drops 28.35%
David Robb / Deadline:
The AMPTP pushes back on the WGA's demands, saying writers have “almost nothing in common” with gig jobs, commits to more discussion about AI material, and more  —  The Alliance of Motion Picture and Television Producers struck back today, providing answers to the WGA's talking points …
RELATED:
Ross A. Lincoln / The Wrap:
In a show of solidarity, members of six guilds including the DGA, SAG-AFTRA, IATSE, and Teamsters joined the Writers Guild of America at a Los Angeles rally
 
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 More News: 
Editor and Publisher:
Yahoo promotes Lauren Johnston to executive editor of Yahoo News US, which she joined in July 2014 from the New York Daily News
Discussion: Talking Biz News and MediaPost
ABC News:
Ed Sheeran wins the copyright infringement lawsuit accusing him of copying the sheet music for his song Thinking Out Loud from Marvin Gaye's Let's Get It On
Jemima Kelly / Financial Times:
Twitter's Community Notes is changing fact-checking by avoiding the term and using a crowdsourced consensus, a model for a fairer and more transparent approach
 Earlier Picks: 
Troy Smith / Axios:
Convicting a Murderer, a docuseries narrated by right-wing commentator Candace Owens that rebuts Netflix's Making a Murderer, will premiere on DailyWire+