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8:45 PM ET, August 7, 2023

Mediagazer

 Top News: 
New York Times:
Paramount reaches a $1.62B deal to sell Simon & Schuster to private equity firm KKR; the prestigious US publisher was first put up for sale in March 2020  —  The deal, for $1.62 billion, will put control of a cultural touchstone in the hands of a financial buyer.
Max Tani / Semafor:
Sources: the NYT placed Baghdad bureau chief Jane Arraf on leave earlier in 2023 during a probe into her possible misuse of funds, like overpaying non-US staff  —  The Scoop  —  The New York Times fired its second Baghdad bureau chief in five years in a bizarre saga that has infuriated some of the paper's staff in the Middle East.
Alex Sherman / CNBC:
New York Times:
Shoddy self-published guidebooks, which appear to be compiled with the help of generative AI and promoted via deceptive reviews, are proliferating on Amazon  —  In March, as she planned for an upcoming trip to France, Amy Kolsky, an experienced international traveler who lives in Bucks County …
The Ringer:
Apple is “out-HBOing” HBO with quality scripted content filled with marquee casts, but its dividends in viewership, subscriptions, and revenue are murkier  —  Apple TV+ has amassed a rich library of original content in less than four years—with the awards season nominations to prove it.
Chris Lee / Vulture:
A group of 50+ Marvel VFX employees vote to be represented by IATSE, marking the first time VFX professionals have banded together to form a union  —  Call it the Hollywood-labor-organizing version of Avengers Assemble!  On the heels of more than a year's worth of damning disclosures around …
Jon Henley / The Guardian:
Over half of the journalists at France-based Sunday newspaper Le Journal du Dimanche resign after their strike didn't prevent the arrival of a far-right editor  —  Bitter strike at Journal du Dimanche ends with staff exodus - and arrival of Geoffroy Lejeune, a supporter of leading xenophobe Eric Zemmour
Alex Weprin / Hollywood Reporter:
RedBird IMI, led by CEO Jeff Zucker, makes its first media investment in EverWonder, a new non-fiction content studio led by former Time Studios COO Ian Orefice  —  The ex-Time Studios chief says that EverWonder Studio will be hiring journalists and filmmakers, with an eye toward content that could launch new IP or brand extensions.
Caitlin Huston / The Hollywood Reporter:
Paramount reports Q2 revenue down 2% YoY to $7.6B and a $250M loss; subscription revenue grew 47% YoY to $1.2B+; Paramount+ added ~700K subscribers to hit ~61M  —  The media giant reported 60 million paid subscribers for Paramount+ last quarter.  —  Paramount Global reached 61 million …
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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 More News: 
Dominic Ponsford / Press Gazette:
UK regional media group National World debuts Shots!, a 24/7 Freeview channel showing short videos by its staff around the themes “real UK”, football, and crime
Discussion: HoldtheFrontPage
Sara Fischer / Axios:
Comscore: Barbie earns $1B+ in worldwide box office sales 17 days after its release, becoming the first movie solely directed by a woman to cross the threshold
Lesley Goldberg / The Hollywood Reporter:
Q&A with The CW Entertainment President Brad Schwartz on the importance of owning all show rights, quickly expanding into sports, producing originals, and more
Josef Adalian / Vulture:
As broadcasters make fewer scripted shows, streaming services that need such content can avoid churn and a catalog crisis by making series with more episodes
Thomas Wilde / GeekWire:
Dungeons & Dragons publisher Wizards of the Coast plans to ban generative AI-made illustrations, after fans spotted signs of AI art in an upcoming sourcebook
 Earlier Picks: 
Reuters:
Elon Musk claims X will fund the legal bills of people who have been “unfairly treated” by their employer “due to posting or liking something on this platform”
Nilesh Christopher / Rest of World:
Some designers say AI tools have made them anxious about the YouTube thumbnail microeconomy's future; creators like MrBeast pay up to $10K for a video thumbnail
Meduza.io:
Meduza, an outlet covering Russian news, says Apple Podcasts removed its flagship podcast and then restored the show two days later without providing reasons
New York Times:
Investigation: US tech entrepreneur Neville Roy Singham, who funds left-wing outlets globally, works closely with Chinese government media to spread propaganda
The Wrap:
Memo: the WGA says the two sides remain too far apart after the August 4 meeting with the AMPTP, accusing the AMPTP of violating its own media blackout request