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Disney has reached its target of 7,000 layoffs, or 3.2% of its total global headcount of 220,000; source: more cuts are planned internationally over time — Disney reached its 7,000 layoffs goal, handing out notices to the remaining employees impacted in its third round of job cuts …
Discussion:
Insider, The Desk, @scottgustin and The Wrap


Multiple New York Times journalists say they remain concerned and disappointed the outlet published a soft-focus profile of Theranos founder Elizabeth Holmes — As Holmes headed to jail Tuesday, business editor Ellen Pollock was put on the spot to defend a soft-focus profile …
Discussion:
@charlottetklein, Fox News, @jeremybwhite, Poynter, @sulliview, @tiagodf, @meganmurp, @niemanlab, @andreagrimes, @nickmmark, @andreagrimes, @thebenbergman, @shwinyo, @vanityfair, @andreagrimes, @vanityfair, @tiagodf, @bgrueskin, @charlottetklein, @adam_a_carlson, @biophysicsfl, @awprokop, @ashleyfeinberg, @froomkin, @ericschultz, The Guardian, @waterpio, @bgrueskin, @andreagrimes, @jeffjarvis, @dylanbyers, @nick_field90, @billjurgensen … and Variety


OPEC bars Reuters, Bloomberg, and The Wall Street Journal from its Vienna meeting this weekend; sources: Saudi Arabia's energy minister instigated the decision — Reuters, Bloomberg and Dow Jones denied invites in decision driven by Saudi Arabia's energy minister


Meta threatens to remove news content from its platforms in California if the state government passes a proposed law forcing tech companies to pay publishers — Facebook parent Meta Platforms (META.O) said on Wednesday it would remove news content in its home state of California …
Discussion:
@andymstone, Axios, The Wrap, NPR, Nieman Lab, @viacristiano, Washington Post, Wall Street Journal, @niemanlab, @uhshanti, @libshipwreck, @bgrueskin, @newsguild, @matthewkeyslive, @emzanotti, @_greatdelusion, @gretchenapeck, @pdavis_llc, @gaufre, @mattdpearce, @humanstein, @athertonkd, @progresschamber, CNN, WDTN.com and National Review


Baltimore Banner CEO Imtiaz Patel plans to step down on July 7 to join Gannett's senior leadership; Brian McGrory will lead the nonprofit during its CEO search — Our nonprofit news organization is made possible by subscribers and donors who value storytelling that impacts and uplifts communities.
Discussion:
@tim_prudente, @kyoshino, @pwoodreporter, @jeffjarvis@mastodon.social, @dankennedy_nu@journa.host and MediaPost


Quartz co-founder Zach Seward, who has served at the publication as CEO, reporter, editor, and editor-in-chief, says he is leaving the company on June 9 — I'm stepping down from Quartz after more than 11 years as, variously, co-founder, reporter, editor, chief product officer, CEO, owner and, most recently, editor-in-chief.
Discussion:
Press Gazette, @zseward, @eduardosuarez, @heatherlandy, The Desk, @mcwm, @akshatrathi and @pkafka


William O'Neil, who founded financial news and research outlet Investor's Business Daily before selling to News Corp in 2021, dies at 90 — Oklahoma-born entrepreneur promoted a data-rich formula for stock market investing — William J. O'Neil, who grew up poor in Oklahoma during …


A look at the grotesque world of AI true-crime-victim TikTok, where AI deepfakes, based on images of children who were abused, describe their own ghastly demise — TikTok accounts are posting horrifying artificial intelligence-generated clips of murder victims — mostly children — describing their own ghastly demise
Discussion:
@joblessthursday, New York Post and @ejdickson, more at Techmeme »


Internal memo: iHeartMedia executives warn staff not to submit company info to AI platforms without permission while the company rolls out its own AI solutions — What do you think? Add your comment below. — iHEARTMEDIA's stance on artificial intelligence is outlined in an internal memo sent …
Discussion:
The Desk, Barrett Media, RADIO ONLINE and Radio & Television …


Australian soldier Ben Roberts-Smith loses a defamation case in which he was accused of committing war crimes in Afghanistan by The Age, SMH, and Canberra Times — Justice Anthony Besanko found newspapers established substantial or contextual truth of allegations of murders of unarmed civilians in Afghanistan


ITV commissions an external review of presenter Phillip Schofield's resignation after he admitted to lying about a relationship with a young worker — British broadcaster ITV (ITV.L) has commissioned an external review of presenter Phillip Schofield's resignation, the company said on Wednesday …
Discussion:
BBC, The Independent, Sky News, ITV News, The Guardian, The Times, Deadline, The Guardian and The Independent


Sources: Liberty Global and WBD are considering selling their stakes, worth £1B total, in joint venture All3Media, the UK's largest indie TV production company — The owners of All3Media (ALLMD.UL), Britain's largest independent TV production company, are exploring options …
Discussion:
Variety, Broadband TV News and Deadline