Top News:
Reuters Institute:
A survey in six countries shows 32% of respondents think human editors check AI outputs before publishing them; many haven't made up their minds yet about AI — Based on an online survey focused on understanding if and how people use generative artificial intelligence (AI) …
The Guardian:
News Corp Australia reorganizes its mastheads into free, subscription-based tabloids, and prestige titles, and lets go of news.com.au EIC Lisa Muxworthy — Staff told some people will ‘regrettably leave our business’ as media empire is reorganised into three divisions
Alex Rogers / Financial Times:
Letter: Vivek Ramaswamy calls for BuzzFeed to axe staff, focus on video, and hire new voices, like Tucker Carlson, after raising his stake in BuzzFeed to 8.3% — Former US Republican presidential candidate urges media group to hire from ‘across the political spectrum’
Discussion:
Poynter, Vivek Ramaswamy, New York Times, Business Insider, City A.M., @benmullin, @mattzeitlin, @tomgara, @pkafka, @mattgertz, The Guardian, @chrisgeidner, New York Post, @rafat, @willystaley, @kenbensinger, @jamesrbuk, Variety, @briannachesser, Deadline, The Information, Axios, The Wrap, @james.tartarus.org, Bloomberg, Fox Business and The Hollywood Reporter
Peter Kafka / Business Insider:
Americans' visits to movie theaters have been falling since the early 2000s, coinciding with broadband internet growth; Hollywood is reacting by raising prices — - Hollywood had a miserable Memorial Day weekend — one of the worst it has had in decades. — But this shouldn't be a surprise …
Discussion:
@tvgrimreaper, Los Angeles Times, @bsdtectr.bsky.social and @tvgrimreaper
RELATED:
Pamela McClintock / The Hollywood Reporter:
Comscore: Memorial Day weekend box office grossed an estimated $128.3M, a 29-year low, excluding 2020 and 2021, and down ~37% YoY; Furiosa led with just $32M
Discussion:
The Wrap, New York Times, Variety, Albert Fong on LinkedIn, Paul Dergarabedian on LinkedIn, The Hill, Los Angeles Times, @patrickbigpix, Steve Siskind on LinkedIn, Washington Post, IGN, JoBlo, NBC News, Associated Press, Screen Rant, CNN, The A.V. Club, The Wrap, Business Insider, Deadline, Screen Rant, ComingSoon.net, Forbes and IndieWire
Brian Stelter / Vanity Fair:
A profile of Lisa Rubin, a corporate lawyer turned MSNBC legal correspondent, who has covered Trump's NY trial and has been on air 275+ times since January — The corporate lawyer turned correspondent is having a moment on the cable news channel, relaying all the daily drama from the camera-free courtroom.
Discussion:
@brianstelter, @brianstelter, @richardhudock, @steve_vladeck, @lawofruby and @jayshams
Jim Waterson / The Guardian:
London Evening Standard plans to close its daily paper and launch a weekly, citing £84.5M losses in six years, driven by the Underground adding Wi-Fi and more — Chair Paul Kanareck says newspaper's losses - £84.5m in the past six years - not sustainable
Discussion:
Press Gazette and @jimwaterson
Charlotte Tobitt / Press Gazette:
FT CEO John Ridding says news publishers “have leverage and should insist on payment” from AI companies and disintermediation is the industry's “biggest threat” — Financial Times chief executive John Ridding has told other news publishers they “have leverage and should insist on payment” from AI companies.
Discussion:
MediaPost, @mitalilive, @olifranklin, @ftpressoffice and Talking Biz News
Emily Ramshaw / The 19th:
The 19th received a three-year, multimillion-dollar grant to advance its journalism from Melinda French Gates as part of her $1B initiative focused on women — The multi-year support will allow us to grow our journalistic ambitions and our audience, while investing in our long-term sustainability.
Joe Berkowitz / Fast Company:
The MoviePass documentary, called MoviePass, MovieCrash, highlights founders Stacy Spikes and Hamet Watt, who are Black and often omitted from MoviePass stories — Business stories involving a meteoric rise followed by a spectacular collapse naturally lend themselves to movies …
Discussion:
Wall Street Journal, The Guardian, @brianstorms@mastodon.social, New York Times, The Verge, IndieWire and HBO
Clara Aberneithie / Press Gazette:
PINF study: the UK's 300 to 400 independent publishers make between £18.6M and £24.8M in annual revenue combined, down from £30M to £40M in the previous year — There has been a dramatic reduction in revenue, audience and staff sizes across the small independent …
Discussion:
HoldtheFrontPage
Stephanie Edgerly / Local News Initiative:
A survey of 1,004 Chicago-area residents: 62% frequently use a smartphone to consume local news, just 9% read printed newspapers and magazines often, and more — An examination of the public's interest in and reliance on local news, as well as consumption habits
Discussion:
Tim Franklin on LinkedIn
New York Times:
The Daily Beast starts taking staff buyout applications, seeking to cut $1.5M; sources: 10 to 15 unionized editorial staff members are expected to take buyouts — The two leaders have looked for money-saving measures since joining the digital tabloid in April.
Discussion:
The Wrap, @katie_robertson and @benmullin
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