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10:00 PM ET, August 9, 2023

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 Top News: 
Kayla Cobb / The Wrap:
Bob Iger says cord-cutting trends are “unmistakable” and Disney is considering “a variety of strategic options” for its linear TV assets such as ABC  —  Bob Iger says the company is “considering a variety of strategic options” for assets like ABC
RELATED:
Cynthia Littleton / Variety:
Disney reports Q3 revenue up 4% YoY to $22.3B, a $460M net loss, down from a $1.41B net income YoY, and India's Disney+ Hotstar service losing 12.5M subscribers  —  Disney+ loses 300K customers in U.S. and Canada while streaming-only Hulu gains 300K  —  The Walt Disney Co. saw …
Todd Spangler / Variety:
Disney plans to raise US prices of Disney+ Premium, Hulu without ads, and ESPN+, and to expand Disney+ ad-supported plans to Canada and nine European countries  —  Ad-supported Disney+ tier to expand to Canada, U.K. and eight other European countries this fall
Adam Chitwood / The Wrap:
Bob Iger says Disney is “actively exploring ways” to crack down on password sharing and “will roll out tactics to drive monetization sometime in 2024”  —  Disney+ will begin cracking down on password-sharing in 2024 in an effort to drive monetization …
Matt Levine / Bloomberg:
The Penn-Barstool deal made sense for Penn and Dave Portnoy when he sold Barstool in 2020, and the Penn-Disney deal makes sense now as Portnoy regains Barstool  —  Also WeWork's decline, Yellow's equity value, Target as a securities-fraud target and a Reata M&A typo.  —  Barstool
RELATED:
Alex Weprin / Hollywood Reporter:
Filing: Dave Portnoy acquired Barstool Sports for $1 from Penn Entertainment, which says it expects to record a loss of between $800M and $850M on the deal  —  Penn Entertainment estimates that it will take a loss of as much as $850 million on Barstool.  —  Just how much did Dave Portnoy pay …
Mathew Ingram / Columbia Journalism Review:
Q&A with Mark Rasch, a lawyer for Tim Burke, whose PCs and equipment were seized in a probe of Fox News video leaks, 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 …
Thomas Germain / Gizmodo:
CNET is deleting older posts, calling such cuts a best practice for sites “primarily driven by SEO traffic”; Google says purging to improve SEO is “not a thing”  —  Google says deleting old pages to bamboozle Search is “not a thing!” as CNET erases its history.
Sara Guaglione / Digiday:
Podcast revenue at iHeartMedia, Spotify, and Acast grew between 12% and 31% YoY in Q2; PwC projects total podcast ad revenue to grow 25% YoY to $2.28B in 2023  —  iHeartMedia, Spotify and Acast reported revenue growth between 12% and 31% year over year in their podcast businesses during …
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.
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 …
 
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 More News: 
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
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
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
Discussion: CNET and The Desk
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
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
 Earlier Picks: 
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
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
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
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
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:

Bloomberg:
Sources: Canadian authorities arrested Alexander “Connor” Moucka, who is allegedly behind hacks in June and July of up to 165 Snowflake customers including AT&T

Juli Clover / MacRumors:
The second developer beta of iOS 18.2 shows a “daily limit” for free access to “advanced” ChatGPT via Siri and an option to upgrade to ChatGPT Plus in Settings

Mark Gurman / Bloomberg:
Sources: Apple is exploring a push into smart glasses by conducting an internal study, codenamed Atlas, to gather employee feedback on products on the market
 
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