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3:50 PM ET, May 25, 2023

Mediagazer

 Top News: 
Financial Times:
An in-depth look at Vice's downfall, as private equity's ill-fated bet on the future of media fell apart; some shareholders blame TPG, which invested $450M  —  The evaporation of TPG's $450mn investment shows what can happen when Wall Street collides with an uncontrollable creative industry
Kevin Breuninger / CNBC:
Florida Governor Ron DeSantis' presidential campaign announcement on Twitter Spaces was delayed by ~25 minutes of crashes, feedback glitches, and audio failures  —  - Florida Gov. Ron DeSantis' presidential campaign announcement plans evening were derailed by massive technical glitches …
RELATED:
Philip Bump / Washington Post:
Elon Musk's intent in buying Twitter wasn't only to dismantle a tool he perceived as empowering the media but also to turn the app into a right-wing heavyweight
Alex Sherman / CNBC:
DirecTV strikes a nonexclusive deal with EverPass Media, formed to distribute NFL games to commercial spots, to offer NFL Sunday Ticket to those locations  —  - DirecTV has struck a multiyear deal with EverPass Media to commercially provide the NFL's “Sunday Ticket” package, sources said.
RELATED:
Wall Street Journal:
A look at Disney and Comcast's Hulu fight; sources say their Hulu valuations vary by tens of billions, they're in arbitration, and Comcast stopped funding Hulu  —  Parent companies are in final phase of battle marked by legal threats, broken promises and secret arbitration
Access Now:
Pegasus was used in the Azerbaijan-Armenia conflict to target at least five journalists, among others, in 2021 and 2022, the first documented use in a war  —  The Armenia spyware victims include a former Human Rights Defender of the Republic of Armenia (the Ombudsperson) …
Dade Hayes / Deadline:
Mansa, a free, ad-supported streaming service centered on Black culture, strikes a deal with AMC Theatres to exhibit original features and series in US theaters  —  Mansa, a free, ad-supported streaming service centered on Black culture, has struck a distribution deal with AMC Theatres …
Discussion: The Streamable and The Wrap
Sarah Perez / TechCrunch:
YouTube plans to shut down Stories on June 26, 2023, as the company focuses on other key areas, like Shorts, Community posts, live videos, and its usual content  —  Stories are over — at least on YouTube, that is.  The Google-owned video site announced today that YouTube Stories will be shutting …
Emily Steel / New York Times:
US Interior Department report: two Park Police officers used excessive force against two Australian journalists covering a George Floyd protest in 2020  —  The Interior Department concluded that U.S. Park Police officers exceeded the “minimum level of reasonable force” during a George Floyd protest in 2020.
Discussion: Politico and The Hill
Matthew Keys / The Desk:
Gray Television sues the FCC over a $518K fine imposed in 2022 for Gray allegedly violating a ban on owning two of the top four TV stations in any given market  —  The agency fined Gray more than a half-million dollars for operating a CBS and NBC affiliate in Anchorage.
 
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 Earlier Picks: 
Blake Brittain / Reuters:
Filing: the Biden administration says SCOTUS should let stand a 2022 appeals court ruling favoring Google in its alleged copying of Genius' lyric transcriptions
Peter Kafka / Vox:
The Messenger and CNN both promise down-the-middle news and position themselves as an antidote to “biased media”, but there's little evidence people want that
Todd Spangler / Variety:
After a backlash, Max plans to revert film credit listings to break out directors and writers, blaming a technical “oversight” for lumping them under “creators”