Top News:
Matthew Keys / Fierce Video:
Fox CEO Lachlan Murdoch says the company still thinks cable and satellite TV offer the best consumer value and reach for its news and premium sports programs — Fox Tubi TV linear television sports — Fox Corporation CEO Lachlan Murdoch said the media company still believes traditional cable …
Discussion:
@jbflint, NBCSports.com, @dvnjr, @fangsbites, @fifilamoura@eldritch.cafe, @tednesi, @michaelsocolow, @tvgrimreaper and The Streamable
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Ted Johnson / Deadline:
Lachlan Murdoch says Fox settled with Dominion to avoid a distracting, long legal battle, which he says Fox would have won, and defends dropping Tucker Carlson
Discussion:
The Wrap, The Desk, Observer, Mediaite, Media Matters for America, @thedeskdotnet, The Hollywood Reporter, The Hill, Variety and Raw Story
Alex Weprin / The Hollywood Reporter:
Netflix says its ad tier has nearly 5M global MAUs, with a median age of 34, six months after launch, and makes up 25%+ of signups in countries with the option — In its inaugural upfront advertising event, executives touted the the streaming service's growing ad tier, and unveiled new sponsorship options.
Discussion:
Ad Age, TechCrunch, MediaPost, Ad Age, Deadline, Bloomberg and The Information
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Wall Street Journal:
Antenna: Netflix's $6.99 ad tier had 937,616 US subscribers in March 2023, out of ~55M, and Disney+'s ad tier, launched a few weeks after Netflix, had 863,791 — Streaming leader had fewer than one million U.S. subscribers on its ad-supported plan as of March
Discussion:
The Wrap, Variety, @jbflint, @rwhelanwsj, The Streamable, @bysarahkrouse, MediaPost and Insider
Charlotte Klein / Vanity Fair:
The New York Times launches New York Times Audio for iOS after ~1.5 years in private beta, offering short-form stories, daily news show The Headlines, and more — While the rest of the audio industry craters, the Gray Lady debuts a one-stop app for subscribers, with new short-form stories and an even shorter daily morning podcast.
Discussion:
The New York Times Company, Adweek, Engadget, Nieman Lab, @nytimespr, The Verge, @pkafka, App Store, @sarthakgh, TechCrunch, @vanityfair and @abebrown716
Jo Yurcaba / NBC News:
Penguin Random House, PEN America, and others sue a Florida school district for removing 10 books related to race and LGBTQ topics after a teacher complained — The publishing house, five of its authors, parents and an advocacy group allege that removing the books discussing race and LGBTQ people violates the First Amendment.
Associated Press:
Photographers pursued a car carrying Prince Harry and Meghan Markle after a NYC charity event on May 16, forcing them to briefly take refuge in a police station — Prince Harry and his wife, Meghan, were trailed in their car by photographers as they left a New York City charity event Tuesday night …
Discussion:
BBC, The Wrap, The Wrap, The Guardian, Reuters, New York Times, CBS News, Washington Post, Page Six, Insider, Daily Mail, Rolling Stone, @mikesisak, KTVZ-TV, TMZ.com, Variety, Robb Report, CNN, Slate, New York Post, Metro.co.uk, The Daily Beast, Raw Story, Page Six, Los Angeles Times, Jezebel, Forbes, Associated Press, The Hill, The People's Voice, Al Jazeera, Mediaite, New York Daily News, NPR, SheKnows, Semafor and Boing Boing
Michael M. Grynbaum / New York Times:
CNN selects Kaitlan Collins, who hosted the Donald Trump town hall, to host a new 9pm ET weeknight show, elevating her to one of cable's most coveted time slots — The appointment caps a fast rise at the network by Ms. Collins, 31, who previously covered the Trump and Biden administrations.
Discussion:
@sarafischer, @stevekrak, @nytimesbusiness, @felixsalmon, @davidaxelrod, @bobbybigwheel, Raw Story, @grynbaum, @jeremymbarr, @gregpinelo, Adweek, @olivianuzzi, @tanzinavega, TVLine, The Wrap, @foxreports, @russbengtson, @brianstelter, @benmullin, @owillis, @djrothkopf, Forbes and New York Daily News
Bron Maher / Press Gazette:
BBC News announces BBC Verify to “pull back the curtain” and produce “radical transparency” on its journalists' work, with ~60 staff from OSINT and elsewhere — BBC News chief executive Deborah Turness said BBC Verify would “pull back the curtain”.
Discussion:
BBC, @j_a_horton, @pressgazette, @marcusryder and @alistaircoleman
Charlotte Tobitt / Press Gazette:
The News Media Association estimates the traffic Google sends to UK publishers is worth less than £75M in annual revenue, out of Google UK's £10B+ ad revenue — Publishers and platforms disagree over how much they each benefit from each other. — UK publishers have accused Google …
Discussion:
@pressgazette and @pressgazette
CNBC:
Comcast CEO Brian Roberts says Disney is more likely to buy Comcast's 33% stake in Hulu than sell its 66% stake to Comcast in early 2024 — - Disney is more likely to buy Comcast's 33% stake in Hulu than sell its 66% stake, Comcast CEO Brian Roberts said. — A deal will likely value Hulu …
Lucas Shaw / Bloomberg:
Peyton Manning's Omaha Productions, which is producing shows for ESPN, Netflix, and others, raised ~$10M from Peter Chernin's North Road at a $400M+ valuation — Josh Pyatt and Jamie Horowitz flew to Denver in September 2020 armed with a pitch deck and a prayer.
Discussion:
The Hollywood Reporter, @dougscripts and @lucas_shaw
Wayne Friedman / MediaPost:
Warner Bros. Discovery launches WBD Stream, an in-house programmatic platform that lets marketers access digital video inventory from its networks and platforms — Warner Bros. Discovery is starting up an in-house supply-side programmatic platform (SSP) called WBD Stream …
Discussion:
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