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7:40 PM ET, May 9, 2024

Mediagazer

 Top News: 
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.
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.
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.
Discussion: The Desk and Sports Media Watch
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 …
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 …
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:

Amy Thomson / Bloomberg:
OpenAI pulls ChatGPT's Sky voice after users said it sounded like Scarlett Johansson, saying it is an actress' voice and wasn't chosen to be an “imitation”

Jamie Crawley / CoinDesk:
Grayscale CEO Michael Sonnenshein resigns, to be replaced by the head of strategy for asset and wealth manager at Goldman Sachs, Peter Mintzberg, on August 15

Chae-Yeon Kim / KED Global:
Sources: LG has ended its Meta partnership due to a lack of “synergy”, three months after the companies agreed to develop XR devices; LG may partner with Amazon
 
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