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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 …
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Business Wire, CBS News, @adamry_n, @bennyjohnson, @mattbelloni, @sherman4949, @barstoolsports, @loudmouthjulia, @jbflint, Sports Media Watch, @sherman4949, @sherman4949, Mediaite, Front Office Sports, Vox, CNBC, @tim_bays, The Hollywood Reporter, @lucas_shaw, @barstoolsports, @adamry_n, @adamry_n, @jeffjarvis, @semaforben, @loudmouthjulia, The Verge, MarketWatch, Awful Announcing, Forbes, For The Win and New York Daily News
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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 …
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@stoolpresidente, Financial Times, Sportico, Ad Age, @petersterne, Next TV, Variety, Los Angeles Times, Barrett Media, Awful Announcing, Front Office Sports, @tomaxwell, @neilcybart, @jswartz, @markstenberg3, The Hill, The Information, New York Post, @tomgara, @barstoolbigcat, @darrenrovell, @buccocapital, @barstoolhubbs, @tomscibelli, @sarafischer, @seangriffey, @pkafka, @joepompliano, @esaagar, @lizrhoffman, The Athletic, @kerrymflynn, @trungtphan, Deadline, The Wrap, CNBC, Bloomberg, Insider and Cord Cutters News
Natalie Korach / The Wrap:
BuzzFeed misses with Q2 revenue down 27% YoY to $77.9M, ad revenue down 33% YoY to $35.4M, and a net loss of $27.8M vs. $23.6M in Q2 2022 — The struggling media company reports a net loss Tuesday for the second quarter of $27.8 million — BuzzFeed ended June with $41.3 million in cash …
Discussion:
AdExchanger, @jordannovet, @ckrewson, @matthewkeyslive, The Hollywood Reporter, Business Wire, BuzzFeed Inc. and @baekdal
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 …
Luke Bouma / Cord Cutters News:
Dish reports Dish TV lost 197K subscribers in Q2, leaving 6.9M, Sling TV lost 97K subscribers, leaving 2M, and total pay TV subscribers fell 11% YoY to 8.9M — Today DISH announced its 2nd quarter 2023 earnings and reported that DISH and Sling TV lost 294,000 subscribers.
Discussion:
@tvgrimreaper, TechCrunch, The Streamable, Media Play News and The Desk
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Alex Weprin / The Hollywood Reporter:
Endeavor says the ongoing Hollywood strikes are expected to the cost the company ~$25M per month in revenue, but the company will stand with its clients — The full effects of the Writers Guild and SAG-AFTRA strikes will be felt in WME parent Endeavor's third quarter earnings report.
Kate Harloe / Popula:
The Albany Public Libraries partnered with the city's local paper, the Times Union, to produce a series of articles and examine what kind of news locals needed — checking out the news at the Albany Public Library — On a cold Saturday last November I needed a place to work …
Joe Pompeo / Vanity Fair:
An analysis of Paramount's $1.62B deal to sell Simon & Schuster to PE firm KKR, in which Simon & Schuster employees receive an ownership stake in the company — CEO Jonathan Karp is touting the “commitment to growth” promised by storied investment firm KKR, which has inked a $1.6 billion deal to buy S&S from Paramount Global.
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@mariskreizman, @vanityfair, Yahoo News, Los Angeles Times, Publishers Weekly, Fast Company, ScheerPost.com, UPI, Associated Press, Wall Street Journal, New York Daily News, NPR, Graphic Policy, MediaPost, Publishing Perspectives, CBS News, Forbes, The Wrap, The Hollywood Reporter, The Bookseller, New York Times, Variety and Business Wire
Amanda Meade / The Guardian:
Australia's ABC shutters all but four of its accounts on X, citing “toxic interactions” and cost, amid shifting resources to TikTok, Facebook, and Instagram — The public broadcaster says interactions on the platform are ‘toxic’ as it closes almost all its Twitter accounts
Discussion:
@qanda, @Greguti@pouet.chapril.org, @archcontext, @markdistef, @markdistef and TechCrunch
Committee to Protect Journalists:
A look at the increasingly hostile environment for journalism in the Netherlands, where the 2021 killing of journalist Peter R de Vries has had ripple effects — On a small street off Amsterdam's bustling museum district, there is no indication of the 2021 event seared into the memories of the Dutch press corps - at least not yet.
Discussion:
@pressfreedom, @naomizeveloff, @cpj_eurasia, @pressfreedom, @pressfreedom and Reuters Institute
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:
Media Voices and @sarafischer
Jeff Kosseff / Wired:
Unlike in Gonzalez v. Google, SCOTUS in the next year can't just punt the NetChoice cases challenging social media content moderation laws in Texas and Florida — Forget Gonzalez v. Google. There's another dispute that will come before the justices in the next year and this time they will …
Discussion:
@joeo10@mastodon.sdf.org and @PrivacyDigest@mas.to
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 …
Discussion:
@tonyajoriley, @_felixsimon_, @dicktofel, Shelly Palmer, @jackmirkinson.bsky.social, @ingrid@everything … and MediaPost
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