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9:40 PM ET, August 8, 2023

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 Top News: 
ESPN Press Room U.S.:
ESPN and Penn Entertainment unveil a deal to launch ESPN Bet, as Penn rebrands its sportsbook in the 16 US states where it is licensed; PENN up ~15% after hours  —  Sports betting deal to include a streamlined experience for sports fans  —  ESPN today announced an agreement with PENN Entertainment …
RELATED:
Axios:
Penn Entertainment is selling Barstool Sports back to founder Dave Portnoy, who has accepted certain noncompete agreements; Penn had bought Barstool for $551M  —  - Tim Baysinger- Kerry Flynn- Sara Fischer  —  ESPN on Tuesday announced a betting joint venture with casino operator PENN Entertainment …
RELATED:
Wall Street Journal:
Charlie Ergen strikes a deal to merge Dish and EchoStar, as he shifts away from the shrinking pay-TV network to compete with wireless giants like AT&T
Sara Fischer / Axios:
OpenAI plans to offer a $395K grant to fund a new initiative at New York University's journalism school that will provide workshops on journalism ethics issues  —  OpenAI, the parent company to ChatGPT, will fund a new journalism ethics initiative at New York University's Arthur L. Carter Journalism Institute …
Sam Roberts / New York Times:
Rhoda Karpatkin, the former executive director and president of Consumer Union who doubled Consumer Reports subscriptions to 4.3M, died on August 4 at 93  —  The first woman to be named executive director of Consumers Union, the publisher of Consumer Reports, she expanded its readership and its influence in Washington.
Mark Hicks / The Detroit News:
Bob Giles, who led two newsrooms to Pulitzers, oversaw Nieman Journalism Lab's launch, and selected and hosted hundreds of Nieman Fellows at Harvard, dies at 90  —  Former Detroit News editor and publisher Bob Giles ― who led the paper to a Pulitzer Prize, the highest honor in journalism …
Sara Fischer / Axios:
The Atlantic CEO Nicholas Thompson says the outlet hopes to be profitable in 2024, plans to seek higher-margin ad deals, and has 925K subscribers  —  The Atlantic has booked $19.5 million in advertising and events revenue so far this year, according to data shown to staff during …
Discussion: @sarafischer
Catherine Perloff / Adweek:
Google changes the name of one of its advertising video formats from “in-stream ads” to “skippable ads”, after a report accused YouTube of misleading buyers  —  What was once in-stream ads are now skippable ads  —  Google changed the name of one of its video formats …
Agence France-Presse:
News Media Canada, the Canadian Association of Broadcasters, CBC, and Radio-Canada ask Canada's competition watchdog to investigate Meta's news article blocking  —  Media on Tuesday asked Canada's competition watchdog to investigate Meta's blocking of news articles on Facebook and Instagram …
Jane Friedman:
An author finds “garbage books”, most likely AI-generated, uploaded to Amazon under her name and added to Goodreads; both services have since removed the titles  —  Update (afternoon of Aug. 7): Hours after this post was published, my official Goodreads profile was cleaned of the offending titles.
RELATED:
Amanda Silberling / TechCrunch:
Prosecraft, which compiled 27K+ books to compare their language's “vividness”, shuts down after a writer backlash over the site's potential generative AI uses
 
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 More News: 
Max Kim / Los Angeles Times:
The Korea Broadcasting Actors Union says Netflix is not responding to calls to meet, as the union asks for the same residuals that US actors get under SAG-AFTRA
 Earlier Picks: 
Katie Robertson / New York Times:
The New York Times reports Q2 revenue up 6% YoY to $590.9M, $92.2M adjusted operating profit, 9.88M subscribers, and subscription revenue up 7% YoY to $409.6M
Casey Newton / Platformer:
Given the countless times Elon Musk has walked back announcements, the business media must rethink its coverage of X, Musk, and the fight with Mark Zuckerberg
Killian Faith-Kelly / Press Gazette:
An interview with The Times obituary writer Damian Arnold on his workday, stock obituaries, the right way to die, writing his first obituary in 2008, and more
Sapna Maheshwari / New York Times:
After social media upended the fashion, beauty, and lifestyle magazine industries, some women turn to Facebook Groups and Substack for curated recommendations
Discussion: The Information