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10:05 PM ET, May 2, 2024

Mediagazer

 Top News: 
New York Times:
Sources: Sony Pictures and Apollo Global formally express interest in acquiring Paramount for ~$26B; Paramount's negotiating period with Skydance ends May 3  —  Paramount has been exploring a potential deal for months, talking to suitors including Skydance, producer of “Top Gun: Maverick.”
Jill Goldsmith / Deadline:
A look at 2023 media CEO pay amid industry contraction: Charter CEO Chris Winfrey, $89M; Endeavor CEO Ari Emanuel, $84M; WBD CEO David Zaslav, $49.7M; and more  —  It was a year of pain for the entertainment industry and shareholders of (many) media companies with months-long Hollywood strikes and layoffs.
RELATED:
College Media Association:
A coalition of collegiate and professional press freedom groups urges campus administrators to respect the rights of student journalists covering protests
Hadas Gold / CNN:
Journalists covering protests on college campuses have been denied access and faced assaults and arrest, as some student media websites struggle with outages
Jem Aswad / Variety:
Universal Music Group and TikTok strike a new music licensing deal to bring UMG music back to the platform, including “improved remuneration” and AI protections  —  The months-long standoff between Universal Music Group and TikTok over royalty payments and AI policies is finally over …
Sohee Kim / Bloomberg:
Indonesia's Vidio, a local streaming competitor to Netflix, aims to double its paid subscribers to 8M in the next two to three years ahead of an IPO  —  - Youthful population of over 270 million a draw for streamers  — Low 5G penetration remains an obstacle to increasing customers
Clare Malone / New Yorker:
A look at Hunterbrook, whose hedge fund makes trades based on investigations by its newsroom, and well-connected founders Sam Koppelman and Nathaniel Horwitz  —  The hybrid media-finance company wants to monetize investigative journalism in the public interest.  Is it a visionary game changer or a cynical ploy?
Andrew Marchand / The Athletic:
Sources: MLB is in advanced talks to make Roku the new home for Sunday morning baseball this season, in what would be Roku's first major live rights deal  —  Major League Baseball and Roku are in advanced talks to make the service the new home for Sunday morning baseball this season …
Jack Mirkinson / Discourse Blog:
Dana Bash's May 1 CNN monologue about pro-Palestinian student protests included lies, regurgitated others' spin, and repeated lines of pro-Israel propaganda  —  I have covered the U.S. media for a long time.  I have watched more hours of cable news than is healthy for any human being.
Gannett:
Gannett reports Q1 revenue down 5% YoY to $635.8M, digital revenue up 8.1% to $267.5M, an $84.8M net loss including a ~$46M impairment charge; GCI closes up 27%  —  Gannett Co., Inc. ("Gannett", “we”, “us”, “our”, or the “Company") (NYSE: GCI) today reported its financial results for the first quarter ended March 31, 2024.
Justin Miller / New York Magazine:
A look at Joanna Coles' start as the Daily Beast's chief creative and content officer, where her vision is at odds with the outlet's hard-news scoop approach  —  On her first week on the job as chief creative and content officer, Joanna Coles carried a tip into the newsroom …
Etan Vlessing / The Hollywood Reporter:
In a letter, Fubo, DirecTV, and others call on Congress to hold hearings on the Fox, Disney, and WBD's sports streamer, citing “serious competition concerns”  —  DirecTV, Dish Network and Newsmax also joined the call for hearings in Washington, D.C. into the future of pay TV competition and its impact on consumers.
 
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 More News: 
Jim Edwards / Press Gazette:
A look at 1440, a media brand with a single daily newsletter that aggregates news and has 3.5M subscribers, 15 staff, and ~$15M in annual revenue
Kyle Chayka / New Yorker:
As social media platforms pivot away from news distribution, a look at news sites like The Verge, which feel more like social media, with aggregation and more
 Earlier Picks: 
Amy Hawkins / The Guardian:
Pen America's 2023 Freedom to Write index: at least 339 writers are in prison for exercising their freedom of expression, including 107 writers in China alone
Tom Jones / Poynter:
The Dallas Morning News hires Duke University professor Stephen Buckley as its public editor, an increasingly uncommon role across US media organizations
Ted Johnson / Deadline:
Three House Republicans call on NPR CEO Katherine Maher to appear at a hearing on May 8 following ex-staffer Uri Berliner's allegations of bias in news coverage
 

 
From Techmeme:

New York Times:
Sources: TSMC's execs took to calling Sam Altman a “podcasting bro” after he said it would take $7T and many years to build 36 chip plants to fulfill his vision

Bill Toulas / BleepingComputer:
The US DOJ charges two Russians for operating $1B+ money laundering services for cybercriminals; one is accused of operating the Joker's Stash marketplace

Ricardo Brito / Reuters:
Court docs: Brazil's Supreme Court say X still needs to pay $5M+ in pending fines, including a new one, before it will be allowed to resume service in Brazil
 
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