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9:15 AM ET, April 4, 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:
RELATED:
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.
Andrea Grimes / Home With The Armadillo:
Substack's new emphasis on followers, not subscriptions, and its opaque steps to migrate paid subscriptions off the platform make leaving harder for writers  —  And it'll be worse this time around!  —  The writing life, which has never exactly been a picnic for independent journalists and freelancers …
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 …
Daniel Thomas / Financial Times:
Brian Steinberg / Variety:
Fox and AEG announce a week-long post-season college basketball tournament starting on March 31, 2025, as media companies devise sports events they control  —  Does the sports world have room for April Action after weeks of March Madness?  —  Fox aims to answer the question in 2025 …
Devin Leonard / Bloomberg:
A look at the success of Bluey, the hit Australian animated TV show for kids estimated to be worth $2B, whose future is uncertain after the third season ends  —  The Australian children's show auteur Joe Brumm is at a crossroads: Keep growing, or end one of the best runs on TV.
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: The Daily Beast and Mediaite
Adam Morgan / Literary Hub:
Small book publishers worry following the abrupt closure of Small Press Distribution, which was one of the last independent book distributors in the US  —  Adam Morgan Talks to Small Press Publishers About What Happens Next  —  Last week, Diane Goettel was on vacation in Florida when she saw an alarming email on her phone.
 
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 More News: 
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
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
Discussion: Reuters
David Satin / The Streamable:
Roku partners with the NBA to launch the first-ever NBA-branded FAST channel, and a NBA Zone content hub with access to basketball content
 Earlier Picks: 
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