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
Discussion:
Press Gazette, TechCrunch, Journalism.co.uk, The Times, @pressgazette, Michael Hobbs on LinkedIn, The Information, @mdbaccardax, Damian Burns on LinkedIn, The Guardian, Philipp Mueller on LinkedIn, @decka227, Bloomberg, @stokel, @james_muldoon_, @mhbergen, Press Gazette, The Verge, @rasmus_kleis, @lukolejnik, @rasmus_kleis, @jjvincent and Reuters, more at Techmeme »
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
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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
Discussion:
New York Post, Next TV, Financial Times, The Streamable, Radio & Television …, Bloomberg, Media Play News, Deadline, Broadband TV News, Variety, Deadline, @animated_antic, @sherman4949, @tvgrimreaper, @sherman4949, @slim_saidi_, @bristei, IndieWire, Cord Cutters News, Los Angeles Times, Variety, The Wrap, The Hollywood Reporter, New York Times, Wall Street Journal and The Information
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
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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
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