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3:25 PM ET, June 7, 2023

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 Top News: 
Sara Fischer / Axios:
CNN CEO Chris Licht confirms he plans to step down, replaced by Amy Entelis in the interim, after a damaging Atlantic profile and Donald Trump town hall  —  Chris Licht, the embattled CEO of CNN, plans to step down, he confirmed to Axios on Wednesday.  Licht has been on the job for 13 months.
Discussion: New York Times, @oliverdarcy, Variety, CNN, @dylanbyers, CNBC, @dylanbyers, Adweek, NPR, @brianstelter, Los Angeles Times, Vanity Fair, @claireatki, Puck, @brianstelter, Insider, MediaPost, The Nation, Media Matters for America, Warner Bros. Discovery, @maxwelltani, The Week, @sarafischer, @dylanbyers, @semafor, @semaforben, Washington Post, Page Six, @bristei, @sarafischer, Crain's New York Business, @oliverdarcy, Media Nation, Wall Street Journal, @jamiestelter, @wesleylowery, @brianstelter, Mediaite, @ditzkoff, @oliverdarcy, @oliverdarcy, Agence France-Presse, @ahmedbaba_, @mattdpearce, The Guardian, New Republic, @mrjamesob, @brianstelter, @sulliview, @richardpbacon, @great_katzby, @bencjacobs, @sarafischer, @josheidelson, @sherman4949, @jayrosen_nyu, @brianstelter, Newser, @benmullin, @esaagar, @emptywheel, Media Play News, @sherman4949, @scottnover, @eugene_scott, @nprinskeep, @heerjeet, @benjysarlin, @modestproposal1, @oneunderscore__, @djrothkopf, @mattbelloni, @ahmedbaba_, @sarafischer, @markjacob16, @brianstelter, @richlightshed, @karlbode, @dylanbyers, @sarafischer, @dylanbyers, @dorianlynskey, @maxwelltani, @sarthakgh, @brianstelter, @aexm, @sherman4949, @andrewfeinberg, @dylanbyers, @great_katzby, @juddlegum, @sarafischer, @qjurecic, @scottnover, @jeremymbarr, @brianstelter, @mattzeitlin, @erichaywood, @ndrew_lawrence, @brianstelter, @repdougcollins, TVLine, @joeconchatv, @atrupar, 24/7 Wall St., @dylanbyers, @loudmouthjulia, @alex, @sherman4949, Variety, The Hill, @jeffjarvis, @karaswisher, @brianstelter, @sarafischer, @cherijacobus, @karaswisher, @jamesrbuk, @eugene_scott, @dylanbyers, @ivanthek, The Desk, @scottnover, @taylorpopielarz, @tanzinavega, The Wrap, @brianstelter, Insider, Fortune and The Bookseller
RELATED:
Semafor:
Chris Licht managed talent poorly and the push to shift CNN to the center politically failed, but the fundamental issue is that cable news is in secular decline  —  Chris Licht will be stepping down as the CEO and Chairman of CNN.  His departure was first reported by Puck News early Wednesday.
Brian Steinberg / Variety:
WBD CEO David Zaslav has a history of tearing down and renovating what he considers to be underperforming cable assets, but this strategy might not work for CNN  —  Analysis: Warner Bros. Discovery's news giant is no fixer-upper, and probably shouldn't be treated as such
Lucas Manfredi / The Wrap:
Internal memo: WBD CEO David Zaslav addressed Chris Licht's departure, saying “I take responsibility” and “things did not work out the way we had hoped”
Meg James / Los Angeles Times:
The LA Times is cutting 74 newsroom jobs, representing 13% of total staff; layoffs will affect some editors, audio producers, and the audience engagement team  —  The Los Angeles Times is cutting its newsroom staff, becoming the latest news organization to contract amid economic pressures brought …
Financial Times:
Sources: Lloyds puts B.UK, a holding company that controls the Telegraph titles and The Spectator, into receivership over ~£1B debts owed by the Barclay family  —  UK bank to seek sale of media group over almost £1bn in debts owed by Barclay family
Nilay Patel / The Verge:
Q&A with SiriusXM CEO Jennifer Witz on operating a satellite business, hardware dependency, online content delivery, podcasts, company structure, and more  —  SiriusXM scooped up Stitcher, Pandora, and Team Coco in recent years, but satellite radio in cars still drives the business.
Discussion: @siriusxmlife
The Athletic:
Sources: MLS and Apple discussed sharing new Season Pass subscriber revenue with Lionel Messi; on June 6, Apple unveiled a four-part Messi docuseries on TV+  —  Major League Soccer and Inter Miami are solidifying details around the potential signing of Argentine superstar Lionel Messi.
Dominick Mastrangelo / The Hill:
Tucker Carlson posts the first episode of his new show, Tucker on Twitter; the episode was just over 10 minutes long and appeared to be from his home in Maine  —  Former Fox News host Tucker Carlson released the first episode of his new show on Twitter Tuesday evening.
Michael Schulman / New Yorker:
A look at the Marvel Cinematic Universe yanking Hollywood into a franchise-drunk era, in which IP, over star power or directorial vision, drives what gets made  —  Robert Redford, Gwyneth Paltrow, Paul Rudd, and Angela Bassett now disappear into movies whose plots can come down to “Keep glowy thing away from bad guy.”
Amrita Khalid / The Verge:
Spotify combining Gimlet and Parcast into a single unit signals a move from pricey originals to amateur podcasters and creator partnerships  —  When Spotify announced yesterday that it would lay off 200 employees from its podcast unit and combine Gimlet and Parcast into a single operation, it came as a shock to outside observers.
Discussion: New York Times, Digiday and TechCrunch
 
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 More News: 
Dan Rys / Billboard:
An interview with Lior Tibon, the co-founder of Duetti, a music financing startup that buys rising or independent artists' back catalogs and has raised $32M
@nytimesguild:
[Thread] Members of The New York Times' NewsGuild vote more than 99% in favor of ratifying a five-year contract specifying raises, fertility coverage, and more
 Earlier Picks: 
Sara Fischer / Axios:
Sources: executives are discussing how to add some CNN content to Warner Bros. Discovery's streaming service Max, without violating cable distribution contracts
Lesley Goldberg / The Hollywood Reporter:
The CW says the LIV Golf and PGA Tour merger won't change the LIV Golf event schedule for 2023 on The CW, which includes coverage of seven more tournaments
 

 
From Techmeme:

Leah Nylen / Bloomberg:
US v. Google: Google paid Apple $20B in 2022 to be the default search engine in Safari; in 2020, Google's payments constituted 17.5% of Apple's operating income

Lorenzo Franceschi-Bicchierai / TechCrunch:
UnitedHealth CEO Andrew Witty testifies that the Change Healthcare hack impacted “maybe a third” of Americans and it'll take “several months” to notify victims

Jennifer Elias / CNBC:
Sources: Google laid off at least 200 employees from its “Core” teams, including its Python developer team, and plans to move some roles to Mexico and India
 
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