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11:50 PM ET, April 3, 2024

Mediagazer

 Top News: 
Lucas Shaw / Bloomberg:
Sources: Shari Redstone, Paramount Global's controlling shareholder through National Amusements, reaches a tentative deal to sell her stake to Skydance Media  —  - Redstone is the controlling shareholder of Paramount  — Ellison's Skydance has partnered with Paramount on films
RELATED:
CNBC:
Disney prevails in the proxy fight with Nelson Peltz's Trian Partners as shareholders vote to reelect its full board, a stamp of approval for Bob Iger's efforts  —  (L to R) Chief executive officer and chairman of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing …
RELATED:
Wall Street Journal:
How Disney repeatedly extending Bob Iger's contract, including five extensions between 2011 and 2017, became a key criticism of Nelson Peltz's Trian Partners
Amrita Khalid / The Verge:
X adds blue checks to some accounts, including journalists, as part of its plan to give free Premium status to those with 2,500+ “verified subscriber followers”  —  Just as Elon Musk said, X is doling out free Premium and Premium memberships to accounts with a high number of verified followers.
Shannon Ryan / ABC13:
US Sen. Ted Cruz pushes back against reports that iHeartMedia, which hosts his podcast, gave $630K+ in 2023 to a PAC that exists solely to ensure his reelection  —  Sen. Ted Cruz is facing questions over a tangled web of political contributions involving the company that airs his podcast.
Discussion: Mediaite and The Daily Beast
Dominic Ponsford / Press Gazette:
Michael Leidig's news agency network, which employs 30 and includes Newsflash, CEN, AsiaWire, and Clipzilla, shuts down, citing a fall in commissioning budgets  —  Michael Leidig blames fall in commissioning budgets and newsroom AI for difficulties.  —  A news agency network that employs 30 people …
Discussion: @semaforben
Andrea Navarro / Bloomberg:
Grupo Televisa plans to buy out AT&T's stake in Sky Mexico, payable in 2027 and 2028; Sky CEO Luis Malvido will leave on April 15, replaced by Francisco Valim  —  - Companies did not disclose an amount for the transaction  — The stake will be paid in 2027 and 2028, Televisa added
Discussion: Reuters
Dave McKinney / WBEZ Chicago:
Chicago Public Media, which bought the Sun-Times in 2022, announces layoffs, cutting nearly 15% of 62 unionized content creators at public radio station WBEZ  —  The move to terminate nearly 15% of 62 unionized content creators at WBEZ and four people at the Chicago Sun-Times comes amid …
Bloomberg:
Sources: Spotify plans to raise prices by $1 to $2 per month in the UK, Australia, Pakistan, and two other markets by the end of April, and the US later in 2024  —  - The audio service will raise prices in a few major markets  — Spotify will create new plan that doesn't include audiobooks
Amrita Khalid / The Verge:
Facebook updates its mobile video player with a TikTok-like vertical look and new controls for Reels, Live, and longform videos, starting with the US and Canada  —  Facebook is launching an updated mobile video player that will bring the vertical look made ubiquitous by TikTok and Reels …
 
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 More News: 
Mia Sato / The Verge:
Patreon rolls out a Reddit-like community moderation feature that lets podcasters, artists, writers, and other creators assign community members as moderators
 Earlier Picks: 
Sara Fischer / Axios:
The NYT plans to make most of its articles available as narrations read via an automated voice, rolling out to 10% of website, app, and audio app users
Lachlan Cartwright / New York Times:
An ex-editor of The National Enquirer recalls the tabloid's notorious “catch and kill” campaign that is now at the heart of Donald Trump's first criminal trial
New York Times:
An interview with Oren Etzioni, the founder of nonprofit TrueMedia.org, which has released free AI tools for reporters and fact checkers to identify deepfakes