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3:15 AM ET, May 23, 2024

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 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 …
RELATED:
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.”
Amanda Meade / The Guardian:
Sources: News Corp's Rebekah Brooks and Robert Thomson joined Lachlan Murdoch in Sydney for meetings ahead of a major restructuring announcement next week  —  Staff brace for significant cuts as media giant prepares to make moves to counter decline of print and slow advertising market
STLPR:
Big Lou Media has sold The Riverfront Times, an alt weekly in St. Louis, Mo, to an undisclosed buyer, and the entire writing and editing staff has been laid off  —  The Riverfront Times, St. Louis' alt-weekly newspaper, is no more, at least in its current state.
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 …
Sara Fischer / Axios:
Source: the US DOJ and state AGs plan to sue Live Nation on Thursday for illegally abusing its live ticketing monopoly through its 2010 Ticketmaster acquisition  —  - It will argue that Live Nation leveraged Ticketmaster's exclusive contracts with concert venues to maintain a monopoly …
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,
 
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 More News: 
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
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
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
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
Discussion: Aftermath and Rolling Stone
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
 Earlier Picks: 
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%+
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
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
 

 
From Techmeme:

The Information:
Source: Altman told investors that OpenAI could become a for-profit business not controlled by its nonprofit board; Microsoft execs favor a for-profit option

Financial Times:
Sources: the EU has determined that Apple's anti-steering rules for developers do not comply with the DMA, and plans charges against Apple in the coming weeks

Andrew Williams / Wired:
Apple may not be bringing Apple Intelligence to iPhone 15, which has 6GB of RAM vs. iPhone 15 Pro's 8GB, due to RAM requirements for on-device AI processing
 
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