Mediagazer: Sources: Nicholas Carlson, who has been the global editor-in-chief of Business Insider since 2017, is expected to leave the publication later this summer (Ben Smith/Semafor)

1:40 PM ET, April 29, 2024

Top News:

Madhumita Murgia / Financial Times:

The Financial Times signs a deal with OpenAI to train AI models on the publisher's archived content and to let ChatGPT reply with short summaries of FT articles — Agreement comes as Microsoft-backed start-up seeks data from reliable sources to train latest artificial intelligence models

New York Times:

Sources: in a revised bid, Skydance offered Paramount shareholders a larger stake in the combined company and a $3B cash infusion to pay debt and buy back stock — The terms of the new deal would provide Paramount shareholders with an investment to pay down debt and buy back stock.

Discussion: The Desk, The Wrap, The Streamable, The Hollywood Reporter, @alexweprin, @benmullin, @benmullin and Cord Cutters News

Jessica Toonkel / Wall Street Journal:

Sources: Paramount is planning for what happens if no big deal happens, mulling cutting $2B in costs, selling BET and TV stations, starting a streaming JV, more — The storied Hollywood company behind ‘The Godfather’ faces its biggest battle yet as Shari Redstone's merger plans collide with shareholder fury and a CEO on the outs

Discussion: The Streamable, New York Times, Deadline, CNBC, Awful Announcing, @jtoonkel and @waystarcroixco

Alex Sherman / CNBC:
Sources: Paramount Global's board is preparing to fire CEO Bob Bakish as soon as Monday, after he lost the trust of controlling shareholder Shari Redstone

Ivan Mehta / TechCrunch:

Meta confirms it has started testing a limited-time invite-only bonus program for creators on Threads in the US — Meta's Threads social network passed the 150 million monthly users mark recently, but the company is not slowing down its growth engine. To increase engagement …

Discussion: @culturecrave@threads.net, @mattnavarra@threads.net and @anmolsachar@threads.net

Amanda Silberling / TechCrunch:
Some founders say the TikTok ban won't impact creator economy startups much, as they have diversified across multiple platforms after Trump's 2020 ban attempt

Discussion: @robertoblake, TIME, Traackr, Polygon and ICYMI

Ben Smith / Semafor:

Sources: Nicholas Carlson, who has been the global editor-in-chief of Business Insider since 2017, is expected to leave the publication later this summer — After a nine-month span in 2020, in which social media furors forced the resignations of editors at Condé Nast titles …

Discussion: Talking Biz News, @maxwelltani, @semaforben and @akarl_smith

Todd Spangler / Variety:

NBCUniversal hikes Peacock Premium with ads price by $2 to $7.99/month and Peacock Premium Plus price by $2 to $13.99/month, the second price hike in two years — NBCUniversal is looking to wring more money out of Peacock subscribers, with the streamer set to raise prices this summer — one year after its last fee hike.

Discussion: Screen Rant, Adweek, TVLine, IndieWire, The Wrap, Deadline, The Hollywood Reporter, @xpangler and Media Play News

Laura Wagner / Washington Post:

Over 50 journalism professors call on the NYT to address questions on its report that described a “pattern of gender-based violence” in Hamas' October 7 attack — A major investigative report into sexual violence in the Hamas attack on Israel has drawn criticism inside and outside the newspaper

Discussion: @jayrosen_nyu, Amal Ghandour on LinkedIn, @peterkirstein, @matteomedia and @bazzinyu

CNN:

In a letter to Fox News, Hunter Biden's attorneys demand Fox to remove “hacked” sexually explicit images of Hunter from its platforms, citing revenge porn laws — Hunter Biden is demanding that Fox News remove from its platforms sexually explicit images that President Joe Biden's son …

Discussion: Mediaite, NBC News, @haleygirlwagun, @_johnnymaga, @acyn and @brianstelter

Leila Abboud / Financial Times:

French production group Mediawan acquires German rival Leonine for €500M; Mediawan is unaffected by streaming cuts due to EU quotas on locally produced content — French TV and film company Mediawan is benefiting from EU quotas on locally produced content

Discussion: Variety, Broadband TV News, The Hollywood Reporter, WORLD SCREEN and Deadline

Max Goldbart / Deadline:

Deep Bagchee, the first ever CPO of UK's ITV, exits to become the President of CNBC International, replacing John Casey, who stepped down in late 2023 — Deep Bagchee, a driving force behind the launch of ITVX, is exiting to become President of CNBC International.

Discussion: @deepbagchee

Sara Guaglione / Digiday:

Some publishers are hesitant to monetize generative AI chatbots with ads because of low CPMs and lack of scale, opting to build a subscription model first — This article was provided as an exclusive preview for Digiday+ members, who were able to access it early.

Discussion: @caddymarketing

Sammy Gecsoyler / The Guardian:

BBC presenter Liz Bonnin's likeness was used in an ad after the company running the campaign was tricked by a fake, likely AI-generated, version of her voice — Exclusive: Liz Bonnin's face used on insect repellant advert after deal negotiated via WhatsApp and voice notes generated by AI

Discussion: Deadline, @sammygecsoyler, Lynne Stainthorpe on LinkedIn, The Media Roundup …, The Overspill, The Drum and Steve Gray on LinkedIn

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Energy & Commodities Editor, Tokyo — Bloomberg

Politics Reporter, TX — Texas Tribune

Consumer Brands Reporter, GA — AJC

Deputy Editor - Health Care, VA — Politico

Product Editor, CA — CalMatters

Indigenous Affairs Editor, Sydney — Guardian US

China Markets Correspondent, Shanghai — Reuters

Bangor Reporter, ME — Bangor Daily News

Commerce Editor - Health, Remote US — Yahoo

Sports Editor, MI — Detroit News

Deputy Politics Editor, CA — Sacramento Bee

Alphaville Reporter, London — FT

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More News:

Bron Maher / Press Gazette:
BBC ex-Director of News and Current Affairs James Harding says the BBC “will drain advertising away from journalism” if the broadcaster runs ads on its podcasts

Bloomberg:
Blackstone offers $1.30 per share in cash for Hipgnosis, valuing the business at ~$1.57B, above Concord's $1.51B offer; Hipgnosis' board recommends the deal

Discussion: Billboard, CMU, Digital Music News, Music Business Worldwide, City A.M., Reuters, Music Ally, Sky News and Financial Times

Mike Fleming Jr / Deadline:
Producers United, a grassroots group of 86 top Hollywood “career producers”, launches to advocate for reforms, including changing their fee structure

Discussion: @mynette, @deadline, @ezhossington, @franklinleonard, @lynettehtaylor and New York Times

Ashley Capoot / CNBC:
Meta, Alphabet, and Snap beat analysts' estimates in their Q1 results, showing acceleration in advertising growth after struggling to rebound from a dismal 2022

Discussion: @brianstelter, Bloomberg, The Media Leader, The Verge and Wall Street Journal

Elise Morton / Associated Press:
Russia arrests journalists Konstantin Gabov and Sergey Karelin on “extremism” charges for allegedly working for a group founded by the late Alexei Navalny

Discussion: Washington Post, @polinaivanovva, The Wrap, The Hill, @maxseddon, Financial Times, @journalist_guy, Reuters, @jason_corcoran, @maimunkanews, @moscowtimes, The Insider, NHK WORLD, Deutsche Welle, Agence France-Presse, Politico and Fox News

Earlier Picks:

Sharareh Drury / Variety:
An Iranian court sentences rapper Toomaj Salehi to death over songs criticizing the Iranian government; the Recording Academy and others denounced the decision

Associated Press:
Large protests outside the annual WHCD event condemned both the Western news' media coverage of the war in Gaza and President Biden's handling of the conflict

Reggie Ugwu / New York Times:
A look at the rise in video podcasts, as YouTube leads in podcast consumption in the US and companies invest in video to gain new audiences and boost ad revenue

Discussion: The Weekly Tweak, @uugwuu, @jaimeblack and Michael Rivo on LinkedIn

Johanna F. Still / The Assembly NC:
Some former staff at StarNews say the Wilmington, NC, daily is diminished under Gannett, as it fades in a death spiral with no clear path to profitability

Jeff Jarvis / BuzzMachine:
The New York Times is broken, shown by its entitled, petulant reaction to Politico's report on its tense relationship with Biden

Discussion: @jeffjarvis, @markjacob16, @froomkin, @bjkeefe, @fheinderyckx@mastodon.social, @davmicrot@threads.net, @anildash@threads.net, @jeffjarvis@threads.net, Danny Lein on LinkedIn, The New York Times Company, Deadline and Mediaite

From Techmeme:

Kif Leswing / CNBC:
Tech stocks fall after President Trump announced new global tariffs: Amazon drops as much as ~6%, Meta drops ~5%, Nvidia ~6%, Alphabet ~3%, and Microsoft ~3%

New York Times:
Sources: Amazon has put in a bid to acquire all of TikTok, but various parties involved do not appear to be taking it seriously, ahead of the April 5 deadline

Jay Peters / The Verge:
Nintendo shares Switch 2 details: a 7.9", 120fps, 1080p display, 4K at 60fps when docked, a custom Nvidia processor, 256GB of storage, and a new Pro Controller

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