Top News:
David Rutz / Fox News:
Rupert Murdoch transitions from chair of Fox Corp and News Corp to the new role of Chairman Emeritus; Lachlan Murdoch becomes the sole chair of both companies — ‘For my entire professional life, I have been engaged daily with news and ideas, and that will not change’
Discussion:
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RELATED:
Michael Wolff / The Ankler:
Excerpt from Michael Wolff's The Fall: the first chapter imagines an eventual Rupert Murdoch obituary, capturing his life and career at Fox Corp and News Corp — The mogul's ‘obituary’ opens the buzzy upcoming book, ‘The End: The Fall of Fox News and the Murdoch Dynasty’
Discussion:
The Guardian, Puck, @sharonwaxman, Crikey, The Messenger, New York Times, Variety, The Ringer, UPROXX and Insider
New York Times:
A profile of Lachlan Murdoch, who is less overtly political than his father, has led Fox through lawsuits, and has some proven successes, including buying Tubi — He solidified his rise to the top of his father's media empire on Thursday. — Lachlan Murdoch's path to succession has been rocky at times …
Discussion:
Bloomberg, Los Angeles Times, Mediaite, @Lilmikesf@c.im, Sydney Morning Herald, Forbes, Variety and CNN
Matthew Garrahan / Financial Times:
The way Rupert Murdoch structured the ownership of his companies doesn't necessarily mean Lachlan's ascension ends the fight for control of the family empire — The way outgoing patriarch Rupert has structured ownership of his assets means the story is not yet over
Discussion:
The Guardian, Reuters, Rolling Stone, Insider, The Messenger, Wired and Vanity Fair
Sarah Perez / TechCrunch:
YouTube debuts YouTube Create, an app that lets creators edit videos, adding effects, GIFs, royalty-free tracks, and more, in beta on Android in eight markets — YouTube this morning introduced a new app for creators, YouTube Create, that will offer a suite of easy-to-use and free tools …
Discussion:
Tubefilter, CNN, The Information, Bloomberg, 9to5Google and The Verge, more at Techmeme »
RELATED:
Tom Ambrose / The Guardian:
WBD announces an expansion of Warner Bros Studios Leavesden, in Hertfordshire, UK, with work to add 10 sound stages starting in early 2024 and finishing in 2027 — Studios behind Harry Potter films to undergo 400,000 sq ft expansion by 2027, in boost to struggling industry
Discussion:
Variety, Collider, @wbd, @wes_greer, The Wrap, Bleeding Cool News, @bobdigi69, Deadline and The Hollywood Reporter
Wendy Lee / Los Angeles Times:
Studio CEOs attended another bargaining session with the WGA on September 21; WGA negotiating committee says talks will resume on September 22 — Jobs, Labor & Workplace — The Writers Guild of America and major studios — held a marathon bargaining session Thursday …
Joe Flint / Wall Street Journal:
WWE's “SmackDown” plans to move from Fox to NBCUniversal's USA Network in fall 2024; sources: the five-year deal is valued at ~$1.4B, up ~40% from what Fox paid — Premier WWE television-rights package to get a new home next fall — NBCUniversal's USA Network has pinned down the rights for “SmackDown,” the
Discussion:
The Desk, investor.tkogrp.com, Sports Business Journal, CNBC, Sportico, New York Post, Awful Announcing, Associated Press, @sherman4949, Front Office Sports, Bloomberg, Cageside Seats, Los Angeles Times, The Streamable, Barrett Media, Bleeding Cool News, TVLine, Deadline, The Hollywood Reporter, Fightful and The Ringer
Louise Story:
AI tools can help reporters, news outlets, and readers with tasks such as querying large data files, alerting about potential stories, and personalizing content — Today, understanding artificial intelligence is an essential skill for a media leader. This is not simply because you need …
Discussion:
@louisestory, @louisestory, @louisestory, Yogesh's Substack and Rappler
Alex Barinka / Bloomberg:
Snap says Snapchat+ now has 5M+ subscribers, up from 3M in April 2023; the $3.99 per month tier launched in June 2022, after an industry slowdown in ad revenue — Snap Inc. has gained more than 5 million subscribers for its paid service, an offering that gives users early access to new features …
Discussion:
Gizmodo, @carnage4life@mas.to, The Information, @jackdbrody and TechCrunch, more at Techmeme »
Aisha Majid / Press Gazette:
A look at the discounted subscription strategies at 60 publishers in Europe, as publishers try longer trials to build regular reading habits among consumers — Consumers have come to expect discounted trials and introductory offers when signing up to news brands.
Ella Creamer / The Guardian:
Amazon limits authors to self-publishing three books per day on its website, after an influx of suspected AI-generated material listed for sale in recent months — The company announced the new limitations after an influx of suspected AI-generated material was listed for sale but said that ‘very few’ publishers will be affected
Discussion:
The Register, @quinnypig and The Indian Express, more at Techmeme »
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