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8:35 PM ET, May 9, 2024

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 Top News: 
Rick Edmonds / Poynter:
Gannett fires an experienced editor overseeing 26 community newspapers for “sharing proprietary information” with a “competing media company”, which was Poynter  —  Sarah Leach spoke to Poynter in an attempt to staff up her team.  She may have been successful, even if she won't be at Gannett to see it through.
Georg Szalai / The Hollywood Reporter:
WBD reports a $86M profit in Q1 for its DTC unit, which includes streaming, up from $50M in Q1 2023, and 99.6M streaming subscribers, up from 97.7M in Q4 2023  —  The entertainment conglomerate led by CEO David Zaslav reported its first-quarter results.
RELATED:
Sara Fischer / Axios:
Vice Media plans to create a joint venture with Savage Ventures, which will invest “tens of millions of dollars”, to relaunch its sites, including Vice.com  —  - Savage Ventures was one of the entities that looked to buy Vice out of bankruptcy last year.
CNBC:
Sources: Sinclair is looking to sell 60+ of its 185 TV stations, in markets including Minneapolis and Austin, and is exploring options for the Tennis Channel  —  Signage stands outside the Sinclair Broadcast Group Inc. headquarters in Cockeysville, Maryland, U.S., on Friday, Aug. 10, 2018.
Mark Stenberg / Adweek:
OpenAI's pitch deck to news publishers promises priority placement to partners in chat conversations and payment contingent on “display success”  —  OpenAI's Preferred Publisher Program offers media companies licensing deals  —  The generative artificial intelligence firm OpenAI …
The Australian:
Australia's federal government plans to create a joint parliamentary select committee to investigate Meta abandoning payment-for-content deals with news outlets  —  Picture: NCA NewsWire / Martin Ollman  —  The decision by tech giant Meta to abandon payment-for-content deals with news outlets …
Tyler Falk / Current:
At a House hearing on “NPR bias”, Republicans criticize NPR CEO's absence but some praise local stations, and witnesses call for decentralizing or defunding NPR  —  House Republicans criticized NPR CEO Katherine Maher Wednesday for not attending a hearing about alleged bias within the network …
Ken Yeung / VentureBeat:
ElevenLabs previews a music-generating AI model, showing samples of songs with lyrics generated from text prompts  —  Voice AI startup ElevenLabs is offering an early look at a new model that turns a prompt into song lyrics.  To raise awareness, it's following a similar playbook Sam Altman used …
Beth Mellor / Bloomberg:
After Concord said its $1.25 per share offer for Hipgnosis was final, Hipgnosis is set to be sold Blackstone at $1.30 per share, valuing the fund at ~$1.57B  —  That was topped last week by a $1.30 per share bid from Blackstone, valuing the business at about $1.57 billion.
Daniel Thomas / Financial Times:
Ofcom report: UK broadcasters predict a “tipping point” when broadcast TV will become economically unviable as distribution costs rise and audiences move online  —  Media watchdog warned of ‘tipping point’ for model's economic viability  —  British broadcasters have warned …
Discussion: Advanced Television and Telegraph
 
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 More News: 
Financial Times:
TikTok plans to start automatically labeling some AI content, including from DALL-E and Adobe's Firefly, and joins the Adobe-led content credentials coalition
Jeffrey A. Trachtenberg / Wall Street Journal:
News Corp reports Q3 revenue down 1% YoY to $2.42B, net profit down 40% YoY to $30M, ad revenue fell 8.9% YoY to $358M, and 3.715M digital subscribers
 Earlier Picks: 
Lisa Schlein / Voice of America:
The UN high commissioner for human rights condemns Russia's crackdown on journalists; at least 30 journalists are currently detained on various criminal charges
New York Times:
Sources: if Sony and Apollo acquire Paramount Global, they plan to sell off CBS, cable channels like MTV, and Paramount+, while keeping Paramount Pictures
Dade Hayes / Deadline:
Disney and WBD announce a streaming bundle of Disney+, Hulu, and Max, with ad-supported and ad-free plans, beginning this summer in the US, with pricing to come
 

 
From Techmeme:

Mark Gurman / Bloomberg:
Sources: Apple is working on a smart doorbell system with advanced facial recognition that can wirelessly connect and unlock third-party smart locks

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

Andrew J. Hawkins / The Verge:
The US NHTSA suggests easing rules allowing for fully driverless cars and urges companies operating driverless cars to share more data for greater transparency
 
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