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12:00 PM ET, October 2, 2023

Mediagazer

 Top News: 
Lucas Shaw / Bloomberg:
Jeff Zucker acquires a minority stake in newsletter startup Front Office Sports; source: the deal values the startup at ~$40M, up from $25M at the end of 2021  —  - The sports business outlet is now valued at about $40 million  — Zucker will become co-chairman of the company's board
Carly Thomas / The Hollywood Reporter:
California Governor Gavin Newsom vetoes a WGA- and SAG-AFTRA-backed bill that would have given unemployment benefits to striking workers like writers and actors  —  The legislation was an attempt by Democratic state lawmakers to help striking actors, writers and Southern California hotel workers.
Laura Wagner / Washington Post:
A profile of More Perfect Union, a nonprofit labor-advocacy publication with a $5.5M annual budget, 28 employees, and a video-first approach on social media  —  In behind-the-scenes planning talks, More Perfect Union played a role in the president's visit to a picket line.
Nicole Sperling / New York Times:
Profile of Duncan Crabtree-Ireland, who has been SAG-AFTRA's executive director and chief negotiator since 2021, as talks with the studios begin again on Monday  —  Duncan Crabtree-Ireland, the lead negotiator for SAG-AFTRA, will be a key player as the guild begins talks with the studios again on Monday.
Discussion: Variety
Dade Hayes / Deadline:
Q&A with YouTube Chief Business Officer Mary Ellen Coe on NFL Sunday Ticket “exceeding expectations”, Multiview interest, the Charter-Disney dispute, and more  —  - YouTube Chief Business Officer Mary Ellen Coe On NFL Sunday Ticket “Exceeding Expectations”, Unexpected Disney-Charter Plugs & More
Phyllis Zorn / Marion County Record:
The mayor of Marion, Kansas suspends the police chief who led the raid on the Marion County Record  —  Six and a half weeks after raids on the Marion County Record — and six weeks after warrants for those raids were taken back — Marion mayor David Mayfield has suspended police chief Gideon Cody.
New York Times:
The number of fact-checking sites has declined worldwide, as social media platforms reduce disinformation efforts and false AI content keeps fact-checkers busy  —  The momentum behind organizations that aim to combat online falsehoods has started to taper off.
Jeff Baumgartner / Light Reading:
Filing: LG suspends including IP-based broadcast signaling standard ATSC 3.0 in its 2024 lineup of US TVs due to a “challenging and uncertain patent landscape”  —  Citing a ‘challenging and uncertain patent landscape,’ LG has suspended the inclusion of ATSC 3.0 tech in its 2024 TV lineup.
Dade Hayes / Deadline:
Byron Allen, one of the many parties trying to acquire ABC from Disney, says Disney's internal deliberations are the main factor delaying a formal sale process  —  - ‘May December’ Writer Samy Burch Finally Boards Promo Train Post-Strike At New York Film Festival; Director Todd Haynes …
Financial Times:
French billionaire Xavier Niel plans to put his 40%+ stake of Le Monde in a foundation in 2023 and says he wants the newsroom “to be as independent as possible”  —  Billionaire to place shares bought from Czech tycoon Daniel Křetínský in foundation by year end
Discussion: @labboudles
Reuters:
Vertex, a SPAC backed by Singapore's Temasek, plans to acquire live streaming service 17LIVE for ~$676M; 17LIVE had revenue of $363.7M in 2022 and is profitable  —  Singapore's Vertex Technology Acquisition Corp (VTAC) (VERT.SI) will buy live streaming platform 17LIVE Inc for up to S$925.1 million …
 
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 More News: 
Mark Kleinman / Sky News:
Sources: Axel Springer notified Goldman Sachs of its desire to participate in a forthcoming auction for The Daily Telegraph and The Sunday Telegraph newspapers
Wall Street Journal:
The WGA's pact with studios and streaming services represents a formal end to “peak TV”, a decade that saw an explosion of viewer programming and Hollywood jobs
Andre Rhoden-Paul / BBC:
Ofcom opens an investigation into GB News' Dan Wootton Tonight show after Laurence Fox misogynistically insulted journalist Ava Evans, sparking 7,300 complaints
Manish Singh / TechCrunch:
Saregama, one of India's largest music labels, acquires a 51.82% stake in Pocket Aces, which produces short-form video content aimed at young Indians, for ~$20M
Josh Kosman / New York Post:
Source: Diamond Sports is seeking to cut the rights fees that the broadcaster pays to the NHL and NBA by up to 20%; Diamond pays NBA teams ~$600M per year
Taylor Lorenz / Washington Post:
A history of Vine's failure to build relationships with its top creators, who Vine leadership resented for gaming the app's ranking algorithm and their humor
 Earlier Picks: 
Amanda Zamora / The 19th:
Amanda Zamora says she will step down as publisher of The 19th at the end of 2023 and continue working on The 19th News Network in an advisory director capacity
Ashley Carman / Bloomberg:
Podcast company Pushkin Industries lays off 17 of its 54 employees, or 30%+ of its staff in its second round of cuts in 2023, and changes its leadership team
Amanda Silberling / TechCrunch:
X CEO Linda Yaccarino says that the company has paid out nearly $20M to creators; Elon Musk said in July 2023 that the first payments totaled $5M
Benjamin Mullin / New York Times:
Letterboxd's founders sell a majority stake to Canadian company Tiny; a source says the deal values the film-focused social network with ~10M users at $50M+
 

 
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

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Paresh Dave / Wired:
Google says it wouldn't force its device makers, browser, and wireless carrier licensees to distribute Gemini to US users for three years, in a proposed remedy
 
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