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1:40 PM ET, April 29, 2024

Mediagazer

 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.
RELATED:
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
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
RELATED:
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.
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
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 …
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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 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
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
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
 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
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
 

 
From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Paresh Dave / Wired:
Google says it wouldn't force its device makers, browser, and wireless carrier licensees to distribute Gemini to US users for three years, in a proposed remedy

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems
 
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