Top News:
Daniel Thomas / Financial Times:
Filing: GB News owner All Perspectives has been forced to provide a further £41M in funding to cover operating costs, and is now owed £83.8M by GB News — Vehicle backed by hedge fund tycoon Paul Marshall steps in as right-leaning broadcaster increases number of staff
Discussion:
Broadband TV News and Advanced Television
RELATED:
Bron Maher / Press Gazette:
GB News reports year to May 2023 revenue up 80% YoY to £6.7M, losses up 38% YoY to £42.4M, for £76M in losses since 2021, and 295 staff, up from 175 in May 2022 — Losses in the latest accounting period were six times greater than revenue.
Discussion:
The Independent, Mediaite, @carolvorders, @otto_english, @rasmus_kleis, Nick Manning on LinkedIn, @seaninsound and @jamesrbuk
Jesse Whittock / Deadline:
Source: Amazon Prime Video plans to lay off less than 5% of its staff across its European offices, as part of a restructure impacting Europe, MENA, and Africa — EXCLUSIVE: Prime Video is today beginning job consultations with staff in Europe, we hear. — It's understood a figure of less …
Discussion:
The Desk
Dan Primack / Axios:
TollBit, a startup whose two-sided marketplace lets publishers make their content available to AI companies for a fee, raised ~$7M in pre-seed and seed funding — Sometimes there's a simple solution to an intractable problem. The sort of thing that feels obvious, but only in retrospect.
Discussion:
TollBit
Elizabeth A. Harris / New York Times:
Authors Equity, a US book publisher from former Penguin Random House and Macmillan executives, launches with plans to give authors the “lion's share” of profits — Authors Equity is tiny but has big industry names behind it. Its founders hope their profit-sharing approach and experience will entice authors.
David Pierce / The Verge:
Google rolls out new changes to its Search ranking to help surface good content, downrank content that summarizes others' work, and more, as AI content spreads — Google is rolling out a few new changes to its ranking systems in search, which are designed to help surface good content …
Discussion:
The Keyword, more at Techmeme »
A. G. Sulzberger / Reuters Institute:
The NYT publisher's 2024 Reuters Memorial Lecture: journalistic independence, the Ukraine and Israel-Hamas wars, trans issues, being open to criticism, and more — It's an honour to be here to deliver this year's memorial lecture. The Reuters Institute has been an invaluable resource …
Discussion:
@mariaramirezny, @risj_oxford, @jongurutz, @risj_oxford, Reuters Institute on YouTube, @rasmus_kleis and @jbenton
Lucas Manfredi / The Wrap:
Warner Bros. Discovery plans to start cracking down on Max password sharing later this year with a wider rollout in 2025, joining rivals Netflix and Disney+ — The streamer's paid sharing initiative will launch later this year, with a broader rollout in 2025
Discussion:
Cord Cutters News, Wired, @culturecrave, @thestreamable, @iamadequate_, NewscastStudio, Media Play News, Next TV, Yahoo Finance, @lucas_shaw, The Streamable, BGR and 9to5Mac
RELATED:
Lucas Shaw / Bloomberg:
While HBO hit streaming DTC profitability under David Zaslav, via licensing to Netflix, slashing marketing, layoffs, and more, WBD's stock is down 25%+ YTD
Discussion:
@jalefkowit@octodon.social, @lucas_shaw, @lucas_shaw, Appleosophy, @masasoncap, @lucas_shaw, @tvgrimreaper and Fox Business
Bloomberg:
Vivendi's Canal+ increases its bid for South Africa's MultiChoice by almost a fifth, valuing MultiChoice's shares at $2.9B, and enters exclusive takeover talks — - Vivendi's Canal+ is working with JPMorgan, Bank of America — Vivendi says its committed to JSE listing, transformation
Discussion:
Deadline, WORLD SCREEN, TVBEurope and Broadband TV News
Jane Elizabeth / Nieman Lab:
A look at the Chicago Public Media merger with Chicago Sun-Times two years later: newsroom and staff compensation grew, Sun-Times dropped paywall, and more — After a $61 million acquisition by public media, Chicago-Sun Times readers get free content and the newsroom has grown.
Discussion:
American Press Institute, Holly Edgell on LinkedIn and @philmeyer@newsie.social
Javier Espinoza / Financial Times:
The EU Commission fines Apple €1.8B for stifling competition from rival music streaming services, the EU's third-largest antitrust fine; Apple plans to appeal — iPhone maker hit by first-ever Brussels fine as competition watchdogs step up scrutiny of Big Tech
Discussion:
Observer, European Commission, Spotify, Total Telecom, The Verge, 9to5Mac, Digital Music News, @om, Associated Press, @pkafka, @willoremus, The Drum, @sarafischer, @lisaocarroll, AppleInsider, Business Insider, @lisaocarroll, @samuelstolton, @eu_commission, @vestager, TechCrunch, Imprisoned for llama crimes, VentureBeat, Mark Shaw on LinkedIn, Federica Tremolada on LinkedIn, Bloomberg, @carnage4life@mas.to, CMU, Ad Age, Los Angeles Times, Media Play News, TechCrunch, Deadline, Fox Business, CNBC, CityAM, Advanced Television, New York Times, CBS News, Wall Street Journal, Semafor, CNN, TechCrunch, The Hollywood Reporter and The Wrap, more at Techmeme »
RELATED:
Apple:
Apple says Spotify was the “primary advocate” and “biggest beneficiary” of the EU's ruling, Spotify pays Apple nothing, and that “free isn't enough for Spotify”
Discussion:
Deezer Newsroom, CMU, @ben@werd.social, MediaNama, @timsweeneyepic, TechCrunch, Reuters, The Information, @ugambini, @bostoenfriso, @florian4gamers, @lewis_crofts, @zach_cer, @raulpesch, Fast Company, Wired, Digital Music News, BleepingComputer, 9to5Mac, Music Business Worldwide, New York Post, Rolling Stone, The Hill, Al Jazeera, @danielpunkass@mastodon.social, @james@bne.social, BGR, AppleInsider, Music Ally, @oliverhaslam@mastodon.social and Variety, more at Techmeme »
Daniel Thomas / Financial Times:
Reach reports FY 2023 revenue down 5% YoY to £568.6M, pre-tax profit down 45% YoY to £36.7M, and digital page views down 24% YoY due to Meta's 2023 news rules — UK publisher's profits dive after decline in digital readership, but deal reached over pension commitments
Discussion:
Press Gazette and Reach plc
PA Media:
TalkTV plans to close down its linear TV channel in early summer 2024 and go online only, weeks after Piers Morgan left his daily show on the channel — Move announced by News UK venture comes weeks after Piers Morgan left his daily show on channel — TalkTV will be taken off air …
International Economics Reporter, DC — 
Consumer Brands Reporter, GA — 
Deputy Editor - Playbook, VA — 
Product Editor, CA — 
Indigenous Affairs Editor, Sydney — 
China Autos Correspondent, Beijing — 
Bangor Reporter, ME — 
Commerce Editor - Health, Remote US — 
Sports Editor, MI — 
Managing Editor, Remote US — 
Public Policy Editor, London — 
Stock Picks Writer, NY — 
Part-Time Reporter, AZ — 
Executive Editor, CA — 
Political Correspondent, NV — 
Sr. Reporter, Singapore — 
Evening Dep. Breaking News Ed., CA — 
Commercial Real Estate Reporter, NY — 
Kansas Statehouse Reporter, KS — 
Senior Science & Health Writer, NY — 
Data Journalist, MN — 
DeFi Correspondent, Remote — 
City Government Reporter, OR — 
Healthcare Business Reporter, MA — 
Senior Consumer Tech Reporter, NY — 
Washington Correspondent, DC — 
Editorial Director - Audio & Video, NY — 
Local Editor - Morris County, Remote NJ — 
AI Columnist - Weekend, CA/NY — 
Washington Correspondent, DC — 
Deputy Managing Editor, IA — 
Senior Editor - News, NC — 
Breaking News Editor - Weekend, HK — 
Reporter - National, Remote NY — 
