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5:05 PM ET, July 15, 2023

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 Top News: 
Jessica Nicholson / Billboard:
Radio and music industry trade website All Access plans to close on August 15, 2023, after 28 years, over a revenue drop “that makes moving forward impossible”  —  “We will all miss serving and working with all of you — our readers and clients," said founder/president/publisher Joel Denver in a statement.
The Hollywood Reporter:
SAG-AFTRA and WGA members picketed at two NYC and 10 LA studio sites, with Netflix and Warner Bros. Discovery HQs among the bigger targets for crowds  —  Fran Drescher and her 160,000-strong union hit the streets on day one of the SAG-AFTRA strike — and day 74 of the WGA strike.
RELATED:
Sarah Whitten / CNBC:
SAG-AFTRA members officially decide to strike on July 14, after failed negotiations with the AMPTP, joining 11,000+ already striking film and television writers
Rhiannon Williams / MIT Technology Review:
Study: ChatGPT helped writers complete tasks, such as writing press releases or reports, 40% faster and produce work that assessors scored 18% higher in quality  —  People who use ChatGPT to help with writing tasks are more productive and produce higher-quality work than those who don't, a study found.
more at Techmeme »
Charlotte Klein / Vanity Fair:
Sources: at an all-hands, New York Times staff expressed frustration at how the sports desk was cut and raised concerns over differing standards at The Athletic  —  A routine all-company meeting turned tense as New York Times employees pressed management on its decision to disband …
Amanda Silberling / TechCrunch:
Creator monetization platform Passes, founded in 2022, plans to acquire rival Fanhouse, founded in 2020; some creators are worried and one Fanhouse founder quit  —  The creator monetization platform Fanhouse announced yesterday that it was acquired by Passes, a similar startup that only launched in beta in December.
Wall Street Journal:
Sources: Daily Caller co-founders Tucker Carlson and Neil Patel seek to raise hundreds of millions for a media company anchored by Carlson's free Twitter videos  —  Former Fox News host and associate look to raise funds for new venture that could use Twitter as its backbone
Jahnavi Nidumolu / Reuters:
Elon Musk says a ~50% ad revenue drop and a heavy debt load kept Twitter cash flow negative; he said in March 2023 the company could be cash flow positive in Q2  —  Elon Musk said Twitter's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load.
Wall Street Journal:
A look at Disney's challenges, some of which are rooted in Bob Iger's previous decisions as CEO, including acquiring Fox assets and entering the streaming race  —  Eight months after returning as Disney's CEO, he is straining to put out fire after fire, including streaming losses, an activist investor and TV woes
Bron Maher / Press Gazette:
Justin Smith: Semafor is on track for a first profitable month and “might even” see a profitable quarter, having allocated nearly 90% of its resources to the US  —  Semafor claims to have an audience of about four or five million people per month so far.
 
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 More News: 
The Charlotte Observer:
Rolfe Neill, the publisher of The Charlotte Observer from 1975 until 1997 and a member of a group of business leaders who shaped Charlotte's growth, dies at 90
 Earlier Picks: 
Reuters:
Sources and a doc: India told streaming services like Netflix and Disney to use an independent panel to review content for obscenity and violence before release
New York Times:
A look at Minyoung Kim's work as Netflix's VP of content in Asia: making Netflix feel less foreign, keeping shows authentically local, and “green-light rigor”
Discussion: CNET and Screen Rant
Taylor Lorenz / Washington Post:
Twitter's creators program makes its first payouts, including to far-right influencers like Andrew Tate, who made over $20K, Ian Miles Cheong, and Benny Johnson
Bloomberg:
Sources: TPG-backed talent firm Creative Artists Agency is in advanced talks to sell a majority stake to billionaire François-Henri Pinault at a $7B+ valuation
 

 
From Techmeme:

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

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November
 
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