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7:45 AM ET, June 2, 2023

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RELATED:
Dawn Chmielewski / Reuters:
Netflix shareholders withheld support for the company's executive pay package in a non-binding vote, after a call by the WGA to reject the proposed compensation  —  Netflix Inc (NFLX.O) shareholders on Thursday withheld their support for the company's executive pay package …
Mickey Djuric / Canadian Press:
Meta tests blocking news on Instagram and Facebook in Canada, planning for a potential full block of news outlets if Canada passes Bill C-18, following Google  —  OTTAWA - Meta is preparing to block news for some Canadians on Facebook and Instagram in a temporary test that is expected to last the majority of the month.
@insiderunion:
Insider Union says it has failed to agree on a fair contract with Insider management and 250 employees are now on indefinite strike  —  It's official: THE INSIDER UNION IS ON STRIKE. Management failed to agree on a fair contract that settles our healthcare ULP and pays us what we're worth. Starting now, over 250 Insider employees are on indefinite strike. You want us back @thisisinsider? Settle the contract. ✊ [image]
Andrew Sheeler / Sacramento Bee:
The California Assembly votes 46-6 to pass a bill requiring tech companies to pay a percentage of ad revenue to outlets; the bill advances to the State Senate  —  One day after Facebook parent company Meta threatened to remove news content from its platforms if Assembly Bill 886 becomes law …
Sophie Culpepper / Nieman Lab:
The New York Times launches a free, geotargeted weather newsletter that lets readers pick up to four places in the continental US for which to get risk alerts  —  Readers can opt in to receive morning emails explaining the level and type of extreme weather risk in up to four different places.
Wall Street Journal:
CNN names veteran Warner Bros. Discovery executive David Leavy as its COO, to take over commercial, operational, and promotional activities across the channel  —  Aide to Warner Bros. Discovery boss David Zaslav to help network CEO Chris Licht focus on programming
Isaac Schorr / Mediaite:
Todd Spangler / Variety:
Verizon introduces a streaming bundle combining Netflix Premium and Paramount+ with Showtime for $25.99/month, via its +play subscription aggregation hub  —  For the first time, rival streaming services Netflix and Paramount+ are coming together in a price-discounted bundle, exclusively for Verizon wireless customers in the U.S.
Porter Anderson / Publishing Perspectives:
Audio Publishers Association: US audiobook revenue grew 10% YoY to $1.8B in 2022; publishers say digital audio made up 10.4% of 2022 US book publishing revenue  —  The Audio Publishers Association finds in its annual report that audiobook sales generated US$1.8 billion in the United States in 2022.
Discussion: Publishers Weekly
Elahe Izadi / Washington Post:
The Washington Post Senior Managing Editor Cameron Barr plans to leave at the end of June after 19 years at The Post, to move to England and return to writing  —  Barr, who joined The Post in 2004 after several years as a foreign correspondent, helped oversee teams that won 12 Pulitzer Prizes
 
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 More News: 
The Block:
The Block unveils a real-time News API that gives developers, investors, and data providers access to its sector-specific coverage of crypto and digital assets
Elahe Izadi / Washington Post:
Hundreds of US employees at 24 Gannett newspapers plan to walk off the job on June 5, the day of Gannett's annual shareholder meeting, to protest budget cuts
Aisha Malik / TechCrunch:
Wattpad revamps its Creators Program, including adding a commitment to writing 500 words per week; the program has paid out nearly $3.8M in stipends since 2022
 Earlier Picks: 
James R. Hagerty / Wall Street Journal:
William O'Neil, who founded Investor's Business Daily in 1984 before selling the financial news and research outlet to News Corp in 2021, dies at 90
Discussion: @thecompoundnews
Amy-Jo Crowley / Reuters:
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
Discussion: Variety, Broadband TV News and Deadline
Reuters:
ITV commissions an external review of presenter Phillip Schofield's resignation after he admitted to lying in 2020 about his relationship with a young worker
 

 
From Techmeme:

Foo Yun Chee / Reuters:
Sources: EU may accept Apple's proposal to open its NFC payments tech to rivals, and may close its antitrust probe in May, letting Apple avoid hefty fines

George Steer / Financial Times:
Nvidia closed down 10% on Friday, falling the most since March 2020 and losing more than $200B of its market value, as investors pull back from AI bets

Gaby Del Valle / The Verge:
The US Senate reauthorizes FISA's Section 702; some communication service providers had threatened to stop cooperating with the US government in case of a lapse

 
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