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9:45 AM ET, July 11, 2023

Mediagazer

 Top News: 
Jake Kanter / Deadline:
Discussion: Press Gazette, The Guardian and BBC
RELATED:
Naman Ramachandran / Variety:
The BBC reports a £120M deficit and record income of £5.7B in 2022-2023, with license fee payments making up £3.74B, down £60M YoY  —  The BBC has posted a record income of £5.7 billion ($7.2 billion) for the 2022/23 period, up from £5.33 billion last year, but is in deficit by £120 million.
Discussion: BBC and BBC
Georg Szalai / Hollywood Reporter:
The BBC reports record BBC Studios revenue up 28% YoY to £2.09B in 2022-2023, EBITDA rose 6% YoY to £240M, and returns to the BBC reached a record £362M  —  Thanks to hit content, such as ‘Happy Valley,’ 'Bluey, and ‘Dancing With the Stars,’ the commercial arm …
Discussion: Variety, Deadline and Broadband TV News
Meg James / Los Angeles Times:
Patrick Soon-Shiong and his family sell the San Diego Union-Tribune to an affiliate of MediaNews Group, the newspaper publisher owned by Alden Global Capital  —  Patrick Soon-Shiong and his family have sold the San Diego Union-Tribune to competing publisher MediaNews Group …
James Gregory / BBC:
In a letter to the BBC, a lawyer for the teen allegedly paid £35K by a BBC presenter for sexually explicit photos says the claims made in The Sun are “rubbish”  —  Claims made by the mother at the heart of the BBC presenter scandal are “rubbish”, a lawyer representing the young person has said.
RELATED:
New York Times:
The NYT announces plans to disband its sports desk and rely on coverage from The Athletic online and in print; NYT sports journalists will move to other roles  —  Coverage of games, players and leagues will now primarily come from The Athletic, the sports website that the company bought last year.
New York Times:
A look at a planned Fox News defamation case by Ray Epps, a Trump voter who attended January 6 and Tucker Carlson named in a conspiracy theory in ~20 episodes  —  Tucker Carlson, before he was sidelined by Fox, repeatedly endorsed a conspiracy theory about an Arizona man, who may sue for defamation.
Charlotte Tobitt / Press Gazette:
The Financial Times leans into its B2B business with FT Professional rebranding, citing that 75% of the FT's paying readers come from B2B subscriptions  —  B2B subscriptions account for 75% of the FT's paying readers.  —  The Financial Times is targeting growth in its B2B division …
Hanaa' Tameez / Nieman Lab:
The Los Angeles Times debuts De Los, a free, standalone vertical to reach English-dominant Latinos on its website and young news readers on Instagram and TikTok  —  “There is no future for the L.A. Times without Latino subscribers, because that's who lives here.”
Rachel Ohm / Press Herald:
US nonprofit The National Trust for Local News plans to acquire all Masthead Maine's assets, including five of Maine's six daily newspapers and 17 weeklies  —  The National Trust for Local News has agreed to purchase 5 of the state's 6 daily papers and 17 of its weeklies in an effort to preserve local journalism.
Michael Geist:
Canada outlines planned regulations for Bill C-18 that cap liability and set minimum financial contributions by Meta and Google based on their Canadian revenue  —  Canadian Heritage Minister Pablo Rodriguez has insisted for months that Bill C-18, the Online News Act, is a market-based approach …
 
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 More News: 
Reuters:
Meta told an Australian inquiry on foreign interference that it plans to build “state-affiliated media” and “fact-checking” labels on Threads “expeditiously”
 Earlier Picks: 
James Warrington / Telegraph:
Barb: Channel 4's audience share dropped to a record low of 4.48% in May 2023, reaching 35.8M viewers, down from 39M+ YoY, as the company moves to streaming
John Ourand / Sports Business Journal:
To fight back against cord-cutting, Charter plans to offer a lower-cost programming tier without RSNs and league-owned networks in Q3, likely for $10/month less
Todd Spangler / Variety:
Audible names Rachel Ghiazza as its chief content officer, effective immediately; Ghiazza most recently served as the company's EVP and head of US content
Discussion: Inside Radio