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4:25 AM ET, August 10, 2023

Mediagazer

 Top News: 
Todd Spangler / Variety:
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 …
Lucas Manfredi / The Wrap:
Bob Iger says “anyone who wanted to speculate about” potential Disney sale “would have to immediately consider the global regulatory environment”  —  “Obviously anyone who wanted to speculate about such things would have to immediately consider the global regulatory environment …
Discussion: @carlquintanilla
Nicola Agius / Search Engine Land:
X unveils Sensitivity Settings and Enhanced Blocklist to boost brand safety and control for advertisers, rolling out over the next few weeks in the Ads Manager  —  The new tools give marketers more say over ad placement.  —  X, formerly known as Twitter, has launched two new features …
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 …
RELATED:
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 …
David Folkenflik / NPR:
Former Fox exec Preston Padden has joined a small band of vocal critics urging the FCC to deny Fox's renewal of its license to operate Fox 29 in Philadelphia  —  Preston Padden joined the Fox broadcast network a few years after its launch and helped founder Rupert Murdoch make it viable.
Thomas Germain / Gizmodo:
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 …
Reuters:
PE firm Symphony Technology Group agrees to acquire media editing software maker Avid for ~$1.4B; Avid's products were used in Top Gun: Maverick and other films  —  Private equity firm Symphony Technology Group (STG) on Wednesday agreed to buy media editing software maker Avid Technology Inc …
 
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 More News: 
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
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”
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
Discussion: Next TV, Axios and AdExchanger
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: Media Voices and The Desk
 Earlier Picks: 
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
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