Top News:
Bloomberg:
Sources: AT&T is exploring options for its 70% stake in DirecTV, including selling the stake and exiting the venture as early as August 2024 — - Telecoms giant majority owns DirecTV with private equity TPG — Declining pay-TV customer base has cut into AT&T's cash flow
Discussion:
The Desk and Cord Cutters News
Natalie Korach / The Wrap:
X starts removing preview headlines from posts with article links, showing only the lead image and domain name; Elon Musk mentioned the change in August 2023 — The platform formerly known as Twitter now only displays outside sites' featured images on its iPhone app
Discussion:
The Verge, @mostlywrite, @mollyjongfast, @adamjohnsonchi, @adamjohnsonchi, @dylanljmartin, The Information, @charlescmann, @tomwarren, @slcw@newsie.social, @cwarzel, @cwarzel, @cwarzel, @jamesrbuk, The Messenger, @xdaily, @erinkwoo, The Hill, @popbase, @dsilverman@mastodon.social and @alexacorse, more at Techmeme »
Ashley Carman / Bloomberg:
Memo: Amazon is shutting down Amp, its live audio streaming app launched in March 2022 that let users act like DJs by playing music and talking alongside songs — The service launched in March 2022 following a frenzy around live-audio services during the pandemic.
Discussion:
The Information, The Verge, Engadget, @bradydale, Billboard, @ashleyrcarman, NBC 7 San Diego, The Messenger, Pitchfork and New York Daily News, more at Techmeme »
Georg Szalai / The Hollywood Reporter:
Wall Street and music industry analysts see Spotify's move into audiobooks as an opportunity for the company to increase its profit margins and value for users — An Evercore ISI analyst expects the effort to be a higher margin business than its music offerings, while a Morgan Stanley expert highlighted …
Discussion:
Mumbrella, @tvgrimreaper, Engadget, Music Industry Blog, Publishers Weekly, CMU, Spotify, Music Ally, Fox News, Financial Times, RAIN News, The Verge, Publishing Perspectives, Wall Street Journal, Billboard, The Messenger, Consequence, Fast Company, The Sun, TechCrunch, Cord Cutters News and New York Times
Freedom of the Press Foundation:
Over 50 media and civil rights groups write US AG Merrick Garland, demanding transparency over the FBI's raid of Tim Burke's house and seizing his equipment — FOR IMMEDIATE RELEASE: — An FBI raid on the home newsroom of Florida journalist Tim Burke in May prompted over 50 organizations …
Hamilton Nolan / How Things Work:
Cable news networks continue to hire politicians' relatives and former White House flacks as news anchors, breaking the most basic rules of ethical journalism — It's kind of impressive how long cable news has been openly corrupt. — When you work in the parts of the media where I have spent …
Anna Nemtsova / The Daily Beast:
The family of award-winning Ukrainian journalist Victoria Roshchyna says she has been missing since August 3, when she returned to Russian-occupied territory — Victoria Roshchyna has been missing since Aug. 3. Her father told The Daily Beast that her family is desperate to find out where she is.
Discussion:
Byline Times, New York Post, @stommedia, @milxind, @jalefkowit@octodon.social and @pierrecrom
Kyle Wiggers / TechCrunch:
Yahoo plans to spin off Vespa, its open-source big data serving tool that powers the company's search, recommendations, and ad tech, into an independent venture — Yahoo, otherwise known as the company that pays my salary (full disclosure: Yahoo owns TC), today announced that it's spinning off Vespa …
Discussion:
@thisguyoftheai, MediaPost, Business Wire and Beet.TV, more at Techmeme »
Chris Roush / Talking Biz News:
Fortune CEO and former EIC Alan Murray plans to step down at the end of April 2024; he became CEO in December 2018, after Chatchaval Jiaravanon acquired Fortune — Alan Murray, the chief executive officer of Fortune and its former editor in chief, is stepping down in six months.
Discussion:
New York Times, @davidclinchnews and Fortune
Peter Kafka / Vox:
Dune's availability on both Netflix and Max illustrates a strategic shift by big media companies, which have been pushed by Wall Street to generate more revenue — Remember when Netflix's competitors, like Warner Bros., kept their biggest stuff on their own streaming services? That's so 2021.
Discussion:
Screen Rant
Sarah Scire / Nieman Lab:
The Messenger hires AI company Seekr to flag clickbait, bias, and more; reporters can get a score reflecting their political lean that is visible to readers — What counts as clickbait? Merriam-Webster's definition is “something (such as a headline) designed to make readers want to click …
Ian Youngs / BBC:
GB News fires hosts Laurence Fox and Calvin Robinson after concluding its internal investigations, and says its “investigation into Dan Wootton continues” — Laurence Fox has been sacked by GB News after an outcry about comments he made on air about a female journalist.