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7:00 PM ET, May 22, 2024

Mediagazer

 Top News: 
Wall Street Journal:
News Corp and OpenAI announce a multiyear agreement to bring News Corp's news content to OpenAI; sources: the deal could be worth $250M over five years  —  Agreement could generate over $250 million over five years for News Corp in cash and credits  —  Wall Street Journal owner News Corp struck …
Tom Friend / Sports Business Journal:
Sources: the NBA is formalizing deals with Disney, NBC, and Amazon, which may prompt WBD to sue; ESPN may pay $2.8B annually, NBC $2.6B, and Amazon $1.8B to $2B  —  NEW YORK — The NBA is formalizing written contracts with Disney, NBC and Amazon this week, with sources calling it the final stage …
Max Tani / @maxwelltani:
[Thread] In a meeting, Washington Post CEO Will Lewis told staff that the paper lost $77M over the past year, and saw a 50% drop off in audience since 2020  —  Washington Post CEO Will Lewis is introing the paper's new “Build It” plan today. In a meeting with staff, he noted that the paper lost $77 million over the past year, and saw a 50% drop off in audience since 2020: “To be direct, we are in a hole, and we have been for some time.”
Dominic Patten / Deadline:
Sources: Sundance is weighing proposals from 15 locations to move the festival in 2027; a decision is expected internally around the end of September  —  EXCLUSIVE: The Sundance Film Festival is looking South for a potential new home, as well as in its backyard.
The New York Times Company:
Puck's Teddy Schleifer, who covers politics, billionaires, and business, has been hired by The New York Times as a correspondent on the Politics desk  —  Teddy, previously a David Rosenbaum reporting fellow in Washington, will be a correspondent on the Politics desk.  —  Folks,
Sara Guaglione / Digiday:
How sending fewer emails and giving paid subscribers early access to content improved The New Yorker's onsite page views and time spent from newsletter users  —  The New Yorker has refocused its newsletter strategy in an effort to retain its cohort of 1.2 million paid subscribers and grow …
Alex Sherman / CNBC:
WBD and ESPN strike a five-year deal letting WBD's TNT carry two first-round college football playoff games in 2024 and 2025, adding two quarterfinals in 2026  —  In a move to strengthen its sports offerings, Warner Bros. Discovery has signed a five-year sublicensing deal with Disney's ESPN …
Alex Weprin / The Hollywood Reporter:
SEC filing: Vivek Ramaswamy owns shares and call options worth ~$4M in BuzzFeed, or a 7.7% stake, and seeks a shift in its strategy; BZFD jumps 10%+  —  Ramaswamy has acquired just under 8% of BuzzFeed, with plans to push for “a shift in the company's strategy.”
Chris Kerr / Game Developer:
Rolling Stone launches RS Gaming, a game vertical in partnership with ESL FACEIT Group, which is owned by Saudi state-backed investment fund PIF  —  Rolling Stone is expanding its coverage of the video game industry with the launch of a dedicated gaming vertical.
Discussion: Rolling Stone and Aftermath
 
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 More News: 
David Shepardson / Reuters:
US FCC Chairwoman Jessica Rosenworcel proposes requiring the disclosure of content generated by AI in political ads on radio and TV, citing the use of deepfakes
Bloomberg:
Sources: Tata Group took full control of subscription TV broadcaster Tata Play after buying Disney's 29.8% stake, valuing Tata Play at about $1B
Discussion: Reuters
Max Tani / Semafor:
Email: WaPo newsletter editor Elana Zak asked writers not to link to a story on Prince Harry's allegations that new CEO Will Lewis helped with hacking coverups
Sophie Culpepper / Nieman Lab:
Q&A with Press Forward's inaugural director Dale Anglin on bringing her experience from Cleveland Foundation, challenges facing news philanthropy, and more
Charlie Warzel / The Atlantic:
OpenAI's Scarlett Johansson debacle is merely a reminder of AI's manifest destiny philosophy: “This is happening, whether you like it or not”, consent be damned
 Earlier Picks: 
Huizhong Wu / Associated Press:
In a video statement, Chinese journalist Zhang Zhan says she was released from prison after serving four years for charges related to covering COVID-19 in Wuhan
Nilay Patel / The Verge:
Q&A with Google's Sundar Pichai about new AI features, the future of search and its impact on publishers, providing value for YouTube content creators, and more
Murray Stassen / Music Business Worldwide:
Amid a dispute between music publishers and Spotify, the NMPA asks Congress to change copyright law to give rights holders more options to negotiate royalties
Robert Klara / Adweek:
A profile of Vidhya Srinivasan, Google's VP and GM of ads since November 2023, as the company faces challenges including restoring advertiser trust
Michael Nuñez / VentureBeat:
Generative AI music startup Suno raised $125M from Lightspeed Venture Partners, Nat Friedman, Daniel Gross, Matrix, Founder Collective, and others
 

 
From Techmeme:

Lee-Anne Mulholland / The Keyword:
Google files its proposed remedies in the DOJ's search antitrust lawsuit, including letting browser companies have multiple default agreements across platforms

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

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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