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4:00 PM ET, August 9, 2023

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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
ESPN Press Room U.S.:
ESPN and Penn Entertainment announce a deal to launch ESPN Bet, as Penn rebrands its sportsbook in the 16 US states where it is licensed; PENN jumps ~15%
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 …
Yuvraj Malik / Reuters:
The world's largest media orgs, including the News Media Alliance, sign an open letter calling for collective negotiation over AI operators' use of their IP  —  A group of the world's biggest news media organizations called for revised regulations on the use of copyrighted material by makers …
Steven Waldman / The Atlantic:
Funding US local news, which may cost ~$1.5B per year to sustain 25,000 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.
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 later on August 23  —  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 per month “all-in-one” streaming bundle with 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, podcasts …
Discussion: The Desk
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
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 more  —  The iconic cinema will be able to screen 70mm film for the first time in years and also has a new Dolby Atmos system.
Lara O'Reilly / Insider:
Private equity firm Novacap acquires TV adtech company Cadent from Lee Equity Partners, a source says for $600M  —  - PE firm Novacap has acquired TV adtech company Cadent.  — The deal is valued at around $600 million, according to a source.  — Cadent now plans an acquisition spree to bolster the platform's growth.
Reuters:
The WGA strike hits 100 days: negotiations with major studios are stalled and writers are protesting what they describe as a disregard for their demands  —  The Hollywood writers' strike marks 100 days on Wednesday with contract talks stalled and people on the picket lines protesting what they describe as a disregard for their demands.
Martin K.N Siele / Rest of World:
In Kenya, TikTok's most active African country, creators make money hosting protest livestreams, which protesters say help them stay safe from police violence  —  At least 23 people have reportedly been killed as crowds oppose proposed tax increases.  —  • NAIROBI, KENYA
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: 
Sophie Culpepper / Nieman Lab:
A look at Norwegian newspaper Verdens Gang's “transparency portal”, launched to improve audience trust after facing criticism for 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
 Earlier Picks: 
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:

Gavin Anderegg / anderegg.ca:
Bluesky is working to become fully decentralized but it could take years amid financial concerns as it makes money only by selling domains for usernames

Mark Gurman / Bloomberg:
How Tim Cook may navigate Trump's presidency, a closer look at Apple's upcoming smart home command center, sources detail a new AirTag coming in 2025, and more

Wall Street Journal:
Sources: ByteDance is valuing itself at about $300B as part of a recent buyback offer, one of its highest valuations ever
 
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