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5:15 PM ET, July 5, 2023

Mediagazer

 Top News: 
Tatiana Siegel / Variety:
GQ EIC Will Welch, who sources say ordered the takedown of a piece critical of WBD's David Zaslav, is producing a Warner Bros. movie, a likely ethical conflict  —  On July 3, GQ.com rolled out a hot-take story titled “How Warner Bros. Discovery CEO David Zaslav Became Public Enemy Number One in Hollywood.”
RELATED:
Will Sommer / Washington Post:
GQ pulls an article critical of David Zaslav after extensive edits following, sources say, complaints from a Zaslav associate  —  The writer said he asked to have his byline removed after GQ made extensive changes after publication.  The magazine removed the story instead.
Kris Holt / Engadget:
Randy Thanthong-Knight / Bloomberg:
The Canadian government, media company Quebecor, and cable TV operator Cogeco say they are suspending advertising on Facebook and Instagram  —  The Canadian government is suspending its advertisements on Facebook and Instagram in response to Meta Platforms Inc.'s plan to permanently end news availability …
RELATED:
Brian Merchant / Los Angeles Times:
California and Canada should call Google and Facebook's bluff because of the success of Australia's media law, as the companies threaten to block news links  —  In June, Canada passed a law that will require major tech platforms such as Google and Facebook to pay a small fee when they host news …
Lucas Shaw / Bloomberg:
Sources: Andy Jassy asked Amazon's Hollywood studio for detailed budgets to scrutinize ballooning costs; Amazon spent $7B on originals, sports, and more in 2022  —  Good afternoon from Orient, New York, wherever you may be.  I am spending the next month on the East Coast, so please reach out if you are around.
Adrian Weckler / Independent.ie:
Sources: Meta is refraining from launching Threads in the EU because of what the company believes is a lack of clarity contained in the EU's Digital Markets Act  —  Meta's new Twitter rival wants to suck Instagram users' data, including health, location, search history and sensitive information, into the new Threads service.
Jesse Levine / Bloomberg:
Vimeo CEO Anjali Sud plans to step down at the end of August 2023 “to pursue a new opportunity”; board member Adam Gross will become interim CEO on September 1  —  Vimeo Inc. Chief Executive Officer Anjali Sud will step down from her position at the business video software company at the end of August.
Wall Street Journal:
The total market value of Paramount, Comcast, Disney, and Netflix dropped $280B+ since the end of 2020; WBD lost ~50% of its value since its 2022 trading debut  —  Streaming losses and layoffs were already leading to an industry retrenchment.  Then the writers' strike hit.
Matthew Keys / The Desk:
The Council of Europe's Audiovisual Observatory finds that US-based companies own ~20% of the EU's largest TV broadcasters and 33% of on-demand video services  —  Nearly half of all children's television channels in Europe are owned by American media brands, according to the findings of a new report.
Discussion: Broadband TV News, Thanks:@matthewkeyslive
 
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 More News: 
Guy Faulconbridge / Reuters:
Russia appoints Putin's former election spokesman Andrei Kondrashov as head of state news agency TASS, replacing Sergei Mikhailov, director since 2012
Discussion: The Guardian
Naman Ramachandran / Variety:
Ireland plans two independent, root and branch investigations of national broadcaster RTE, after a scandal over excess payments to presenter Ryan Tubridy
Kenny Torrella / Vox:
Madre Brava: from January 2020 to June 2022, less than 0.5% of climate change news articles in the UK, the US, and the EU mentioned meat or livestock's impact
 Earlier Picks: 
Murray Stassen / Music Business Worldwide:
The National Music Publishers Association: in February 2023, Spotify had 44.4M US subscribers, Apple Music had 32.6M, Amazon Music had 29.3M, YouTube had 8.5M
Discussion: Music Ally
Kris Holt / Engadget:
Twitter claims “any advance notice” on rate limiting would have helped bad actors evade detection and that rate limiting had a “minimal” effect on advertising
Kendra Clark / The Drum:
A look at MediaMath's demise, caused by failed acquisition talks, a mountain of debt, and poor leadership decisions, like hiring the CEO of another failed DSP
David Sharman / HoldtheFrontPage:
An investigation finds that a website purporting to cover local news in a UK town launched in June 2023 with 11 fake journalist profiles that used stock photos