Mediagazer: Sources: Paramount plans to announce an agreement to sell Simon & Schuster to private equity firm KKR as soon as August 7, valuing Simon & Schuster at ~$1.62B (New York Times)

4:05 PM ET, August 7, 2023

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Lesley Goldberg / Hollywood Reporter:

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Mia Sato / The Verge:

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New York Times:

Sources: Paramount plans to announce an agreement to sell Simon & Schuster to private equity firm KKR as soon as August 7, valuing Simon & Schuster at ~$1.62B — The deal with KKR, a private equity firm, is said to be valued at roughly $1.62 billion, and could be announced as soon as Monday.

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Alex Weprin / Hollywood Reporter:

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Dominic Ponsford / Press Gazette:

UK broadcast regulator Ofcom launches four impartiality investigations into GB News, after upholding two Mark Steyn COVID-19 coverage complaints earlier in 2023 — Broadcaster faces four Ofcom investigations over impartiality. — GB News is facing four new impartiality investigations from broadcast regulator Ofcom.

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Sara Fischer / Axios:

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Lesley Goldberg / The Hollywood Reporter:

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Reuters:

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Richard Lawler / The Verge:
X delays its Ads Revenue Sharing program's payouts that were set for the week of July 31, saying the volume of people signing up “has exceeded our expectations”

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Khadijah Khogeer / NBC News:

Journalists at Vancouver-based IndigiNews and Ontario-based The Sarnia Journal say Meta's news block is reducing their sites' visitors and hurting their outlets — Meta recently began blocking news from Instagram and Facebook in Canada in response to the Online News Act.

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Canadian Association of Broadcasters:
North American broadcasters say Meta's news ban in Canada is “monopolistic” and urge lawmakers to support rules letting publishers negotiate with tech platforms

Discussion: New York Times, Next TV, Inside Radio, Radio & Television … and RADIO ONLINE

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