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8:50 PM ET, May 29, 2023

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 Top News: 
New York Times:
Sources detail Fox's 20 months of missteps and miscalculations in the Dominion lawsuit that led to one of the biggest debacles of Rupert Murdoch's media empire  —  Fox's handling of the defamation suit brought by Dominion Voting Systems, which settled for $787.5 million, left many unanswered questions.
Jesse Armstrong / The Guardian:
Succession's creator recalls the show's origin and says Rupert Murdoch, Sumner Redstone, and Robert Maxwell served as the “holy trinity of models” for Logan Roy  —  It has been the TV drama of our time - a brutal, hilarious unpicking of how power works.
Roula Khalaf / Financial Times:
The FT's editor says the newsroom will have a team to experiment responsibly with AI to help with tasks like mining data, analyzing content, and summarizing  —  Our journalism will continue to be reported, written and edited by humans who are the best in their fields
Vanessa Thorpe / The Guardian:
A coalition of UK media industry bodies issues a statement challenging the Conservative party's £137/journalist fee to attend its October 2023 party conference  —  UK Conservatives are only party to charge press delegates for accreditation at annual gathering
William Turvill / Press Gazette:
Global says Emily Maitlis, Jon Sopel, and Lewis Goodal's daily podcast The News Agents had 30M downloads in May 2023; their US weekly podcast debuts on June 20  —  The News Agents announced on Thursday they would launch a new weekly US podcast.  —  The executive producer of the News Agents …
Jim VandeHei / Axios:
Axios' CEO says AI will lead to fewer big, generic media brands and more niche ones, force publishers to tighten direct relationships with consumers, and more  —  Artificial intelligence will soon transform media on a scale and pace that rivals the internet two decades ago.
New York Times:
Greater solidarity from other unions compared to the 2007 WGA strike is helping writers disrupt studio productions with already finished scripts  —  Workers from other unions have shown solidarity with the strikers, catching entertainment companies off guard.  —  Nicole Sperling reported from Los Angeles in the early-morning dark.
Kelvin Chan / Associated Press:
EU Commissioner Thierry Breton says Twitter dropped out of a voluntary EU agreement to combat online disinformation but adds that Twitter's “obligations remain”  —  Twitter has dropped out of a voluntary European Union agreement to combat online disinformation, a top EU official said Friday.
 
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 More News: 
Samuel Agini / Financial Times:
A look at Formula One's D2C broadcast product F1 TV, which has become a key component of the sport's growth strategy in the US, Brazil, Mexico, India, and more
Nic Fildes / Financial Times:
Veteran indigenous Australian journalist Stan Grant's resignation triggers an uproar after he accused Australia's ABC of not defending him against racial abuse
Christopher Spata / Tampa Bay Times:
A profile of Tim Burke, aka @bubbaprog, known for his media scoops and whose computers the FBI seized while investigating the leaked Fox News video outtakes
 Earlier Picks: 
Steven McIntosh / BBC:
After former This Morning host Phillip Schofield admitted to an affair with a younger colleague and left ITV, some question how much ITV's managers knew in 2020
Brian Melley / Associated Press:
A UK court clears Hugh Grant's lawsuit against News Group Newspapers for trial, over alleged illegal snooping by The Sun's journalists and investigators in 2011
Columbia Journalism Review:
A look at media coverage of generative AI over the past six months, as journalists and academics criticize the hype and provide ways to improve reporting
 

 
From Techmeme:

Alphabet:
Alphabet Q1: revenue up 15% YoY to $80.5B, net income up 57% to $23.7B, Google Cloud revenue up 28% to $9.6B, and headcount down 5%; GOOG jumps 11%+ after hours

Microsoft:
Microsoft Q3: revenue up 17% YoY to $61.9B, net income up 20% to $21.9B, Office Commercial revenue up 13%, LinkedIn revenue up 10%; MSFT jumps 4%+ after hours

Reuters:
Sources: ByteDance prefers a TikTok shutdown in the US rather than a sale if legal options fail, deeming TikTok's algorithm as core to overall ByteDance systems
 
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