Mediagazer: Sources: Paramount Global is in discussions to sell its minority stake in Viacom18 in India to Reliance (Bloomberg)

Sara Fischer / Axios:

An interview with LinkedIn EIC Dan Roth on investing in journalism and news, work with over 400 news publishers globally, launching a podcast network, and more — - Unlike Facebook and X, traffic referrals to news publishers have increased slightly from LinkedIn over the past three years, per Similarweb.

Discussion: Dan Horowitz on LinkedIn, Paul Quigley on LinkedIn, Katie Carroll on LinkedIn, Heather Harder on LinkedIn, Michael Learmonth on LinkedIn, @jeffjarvis, @risj_oxford, @eriqgardner, @silmonn, @jbhavan, @ismaelnafria and Media Voices

Will Sommer / Washington Post:

Road & Track magazine quietly pulls a piece by socialist writer Kate Wagner covering an F1 race in Austin in a trip funded by UK petrochemicals company INEOS — Editors for Road & Track aren't saying why they yanked Kate Wagner's story from the website shortly after it published

Chris Welch / The Verge:

Tidal plans to combine its HiFi and HiFi Plus plans into a single $10.99/month “Tidal” plan, below HiFi Plus' $19.99/month; students will still pay $4.99/month — Tidal seems to have decided that there just aren't enough people willing to pay upward of $20 per month for the highest-possible audio fidelity.

Discussion: Music Ally, CMU, TIDAL, Music Business Worldwide, Engadget and Billboard

Todd Spangler / Variety:

At a tech and media conference, Bob Iger says Disney is working to catch up with Netflix's tech capability and downplays the effects of activist investors — CEO says Nelson Peltz's activist investor proxy fight ‘designed to distract us’; reveals studio has ‘killed a few’ movie projects

Discussion: Deadline, IGN, Media Play News, Broadband TV News, Business Insider, @xpangler, Gizmodo, Next TV, The Wrap, Deadline, The Hollywood Reporter and TVBEurope

Bloomberg:

Sources: Paramount Global is in discussions to sell its minority stake in Viacom18 in India to Reliance — - Reliance, Disney agreed to merge India media units last month — Global giants have struggled to grow in India in recent years — Paramount Global is in discussions to sell …

Discussion: @lucas_shaw

Cormac Pearson / The Independent:

More than 100 MPs back an amendment to the UK's Digital Markets Bill requiring parliament's approval before UK news outlets can be bought by foreign governments — The amendment would require parliament's approval before UK news media organisations could be purchased by a foreign government

Discussion: @robertjenrick, @pressgazette and @tinastowell

Daniel Thomas / Financial Times:

BBC Studios CEO Tom Fussell plans to spend “tens of millions” of pounds to find the next global hit like Bluey; BBC Studio raised its debt facility to £600M — Commercial arm of broadcaster will ‘really go out to the market’ to develop new shows

Discussion: Deadline, @danielthomasldn and Advanced Television

Emma Roth / The Verge:

A US judge upheld parts of a National Music Publishers' Association's copyright lawsuit against X and dismissed the claim that X engaged in direct infringement — The music labels suing Twitter — now X — for copyright infringement can move forward with parts of their lawsuit.

Discussion: CNN, Music Ally, Billboard, CMU, Reuters and US District Court, Middle District of Tennessee, more at Techmeme »

Max Goldbart / Deadline:

The UK announces an extended indie movie tax credit for films that have budgets between £1M and £15M, along with business rates relief for big studios — The UK government is to introduce an extended indie movie tax credit for films that have budgets between £1M and £15M …

Discussion: Variety, WORLD SCREEN and The Hollywood Reporter

Alex Weprin / The Hollywood Reporter:

CNBC expands its Make It personal finance brand with new ventures like a weekly TV series and online classes, and says Make It is its largest vertical — A ‘Make It’-branded TV series and an online course are among the projects in the works. — CNBC is expanding its presence …

Naman Ramachandran / Variety:

EY report: the Indian media and entertainment industry grew 8% YoY to $27.9B in 2023; TV shrank 2% YoY to $8.3B due to advertising declining by 6.5% YoY — The Indian media and entertainment industry grew 8% in 2023 to reach a value of $27.9 billion, according to the annual EY report released during …

Discussion: Business Standard and Financialexpress

Mia Sato / The Verge:

TikTok moves its Creativity Program, now rebranded as the Creator Rewards Program, out of beta, and requires videos to be longer than a minute to be monetized — A year ago, TikTok introduced a new way for creators on the platform to make money: make longer videos.

Discussion: 9to5Mac, Engadget, Tubefilter, TikTok and Fox Business, more at Techmeme »