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11:10 PM ET, July 11, 2023

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 Top News: 
Kate McGee / The Texas Tribune:
Texas A&M weakened its offer to a University of Texas professor to revive its journalism program, after backlash about DEI and her NYT past; she's staying at UT  —  The university celebrated its decision to hire Kathleen McElroy to revive its journalism program.
David Robb / Deadline:
SAG-AFTRA agrees to federal mediation with the AMPTP, but says it is “not confident” in employers' intentions; contract still expires at 11:59pm PT on July 12  —  SAG-AFTRA has agreed to federal mediation in order the break the bargaining deadlock with the Alliance of Motion Picture …
BBC:
A young person says the BBC presenter at the center of a scandal sent them threatening texts after they alluded online to naming and having contact with him  —  A young person has told BBC News they felt threatened by the BBC presenter at the centre of a row over payment for sexually explicit photos.
RELATED:
Jim Waterson / The Guardian:
Tim Davie says police asked the BBC to pause its investigation into a suspended male presenter as officers decide if a criminal investigation would be justified
Charlie Nash / Mediaite:
Filings show Vice executives' $700K+ salaries and collective bonuses totaling $1M+ on April 28, one day after layoffs and two weeks before the bankruptcy filing  —  Vice senior staff writer Joseph Cox shared the eye-popping payments made to Vice Media executives who “led VICE to bankruptcy” on Monday.
Nitish Pahwa / Slate:
A volunteer contributor for Twitter's Community Notes details checking rampant spam and disinformation across the site and says the tool is far from sufficient  —  Twitter's “Community Notes” volunteers are supposed to make the platform “the most accurate source of information about the world.”
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 …
RELATED:
Naman Ramachandran / Variety:
The BBC reports a £120M deficit and a £5.7B record income in 2022-2023, up from £5.33B a year ago; license fee payments were £3.74B, down from £3.8B a year ago
Discussion: BBC and BBC
Alexander Gladstone / Wall Street Journal:
Sources: Audacy is set to begin negotiations with financial creditors to restructure its $1.9B in debt as it struggles with declining advertising revenue  —  Audacy has said that it might not satisfy debt obligations as it faces a weak radio advertising market
Washington Post:
The Washington Post becomes the first major national newspaper to join Verizon's +play subscription aggregation hub; new Post subscribers get three months free  —  The Washington Post announced today that it has joined Verizon's +play - giving Verizon customers an exclusive three-month subscription …
Discussion: The Desk
Charlotte Tobitt / Press Gazette:
The Financial Times leans into its B2B business with an FT Professional rebranding, citing that its B2B subscriptions account for 75% of its paying readers  —  B2B subscriptions account for 75% of the FT's paying readers.  —  The Financial Times is targeting growth in its B2B division …
 
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 More News: 
Adam Buckman / MediaPost:
CNN launched a new weeknight primetime show, “The Source”, anchored by Kaitlan Collins, on July 10 at 9pm ET; Collins most recently co-anchored CNN This Morning
Discussion: @brianstelter
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
 Earlier Picks: 
Reuters:
Meta told an Australian foreign interference inquiry the company plans to add “state-affiliated media” and “fact-checking” labels to Threads “expeditiously”
Hanaa' Tameez / Nieman Lab:
The LAT debuts De Los, a free, standalone vertical for English-dominant Latinos on its website, Instagram, and TikTok; the paper has 547K+ digital subscribers
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
 

 
From Techmeme:

Andrew J. Hawkins / The Verge:
The US NHTSA suggests easing rules allowing for fully driverless cars and urges companies operating driverless cars to share more data for greater transparency

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems
 
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