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4:35 PM ET, August 9, 2023

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 Top News: 
Steven Waldman / The Atlantic:
Funding US local news, which could mean ~$1.5B per year to sustain 25K local reporter positions, would more than pay for itself and “save American democracy”  —  The decline of local journalism isn't just a threat to democracy.  It's also costing us money.  —  Zak podmore did not bring down a corrupt mayor.
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Mathew Ingram / Columbia Journalism Review:
Q&A with Mark Rasch, lawyer for Tim Burke, whose equipment was seized in a probe of video leaks from Fox News, on the case's implications for journalists  —  In May, agents from the Federal Bureau of Investigation showed up at Tim Burke's home in Tampa, Florida, and seized several computers …
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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
Katherine Sayre / Wall Street Journal:
ESPN's deal letting Penn Entertainment use its brand for ESPN Bet is worth $2B over 10 years: $1.5B in cash plus warrants worth ~$500M to purchase Penn shares
Blake Brittain / Reuters:
Gizmodo EIC Dan Ackerman sues Apple, the Tetris Company, and others, accusing them of adapting his book about Tetris into a feature film without his permission  —  Dan Ackerman, editor in chief of the tech-news website Gizmodo, filed a lawsuit in Manhattan federal court on Monday accusing Apple …
Cynthia Littleton / Variety:
Disney reports Q3 revenue of $22.3B, up 4% YoY, operating income of $3.6B, down 6% YoY, and a loss of 12.5M subscribers from India's Disney+ Hotstar service  —  Disney+ loses 300K customers in U.S. and Canada while streaming-only Hulu gains 300K  —  The Walt Disney Co. saw its streaming losses narrow …
Yuvraj Malik / Reuters:
The world's largest news media organizations sign an open letter calling for a framework to “collectively negotiate” use of their IP with AI model operators  —  A group of the world's biggest news media organizations called for revised regulations on the use of copyrighted material …
Alex Isenstadt / Politico:
The RNC picks Fox Business to host the second GOP presidential primary debate on September 27, after Fox News hosts the first debate on August 23 in Milwaukee  —  It's now two-for-two for the Murdoch empire when it comes to presidential candidate forums.  —  The Republican National Committee …
Scott Roxborough / The Hollywood Reporter:
RTL Deutschland launches a €12.99/month “all-in-one” streaming service bundle, offering video, live sports, music, podcasts, audiobooks, and digital magazines  —  The new “all-inclusive” platform is promising German subscribers a one-stop-shop for video, live-sports, music …
Discussion: The Desk
Pamela McClintock / Hollywood Reporter:
Netflix reopens NYC's iconic Paris Theater after major upgrades with plans to screen its original movies and host special events, retrospectives, and filmmakers  —  The iconic cinema will be able to screen 70mm film for the first time in years and also has a new Dolby Atmos system.
Discussion: The Wrap
Lara O'Reilly / Insider:
Canadian private equity firm Novacap acquires US TV adtech company Cadent from Lee Equity Partners, a source says for close to $600M  —  - PE firm Novacap has acquired TV adtech company Cadent.  — The deal is valued at around $600 million, according to a source.
Amanda Meade / The Guardian:
Australia's ABC shuts down all but four of its X accounts, citing “toxic interactions” and the cost, after shifting resources to TikTok and Instagram  —  The public broadcaster says interactions on the platform are ‘toxic’ as it closes almost all its Twitter accounts
Catherine Perloff / Adweek:
Google renames “in-stream ads” to “skippable ads”, to “more accurately describe the ad format”, after an Adalytics report accused YouTube of misleading buyers  —  What was once in-stream ads are now skippable ads  —  Google removed “in-stream” …
more at Techmeme »
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 More News: 
Reuters:
The WGA strike hits 100 days: negotiations with major studios have stalled as picketing writers protest what they describe as a disregard for their demands
Sophie Culpepper / Nieman Lab:
A look at Norwegian newspaper Verdens Gang's “transparency portal”; the newsroom was galvanized to improve audience trust after criticism over a botched story
 Earlier Picks: 
Committee to Protect Journalists:
A look at the increasingly hostile environment for journalism in the Netherlands, and the ripple effects of the 2021 killing of crime reporter Peter R. de Vries
Kate Harloe / Popula:
The Albany Public Libraries partnered with the city's local newspaper, the Times Union, to write a series of articles and examine what kind of news locals need
 

 
From Techmeme:

Mark Gurman / Bloomberg:
Sources: Apple is working on a smart doorbell system with advanced facial recognition that can wirelessly connect and unlock third-party smart locks

Kyle Wiggers / TechCrunch:
Donald Trump announces that Sriram Krishnan, until recently a general partner at a16z, will serve as senior policy advisor for AI at the White House OSTP

Financial Times:
Sources: Palantir and Anduril are in talks with OpenAI, SpaceX, and more to form a consortium to bid for US defense contracts and plan to announce it in January
 
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