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
Benjamin Mullin / New York Times:
Jonah Peretti, who owns a special class of BuzzFeed stock with an effective veto, rejects some of Vivek Ramaswamy's requests, calling them “misunderstandings” — The former G.O.P. presidential candidate, who has invested in BuzzFeed, believes the company needs to pivot.
Discussion:
CNN, The Information, The Verge, Business Insider, The Hill, New York Post, Variety and Deadline
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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, @pkafka, @edmundlee, @kenbensinger, @jamesrbuk, @willystaley, @chrisgeidner, @mattzeitlin, @tomgara, @mattgertz, @benmullin, @briannachesser, @rafat, City A.M., The Guardian, Axios, The Wrap, The Information, @james.tartarus.org, Bloomberg, The Hollywood Reporter and Fox Business
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:
Mediaite, Press Gazette, @hugorifkind, Harry Owen on LinkedIn, Bloomberg, @pressgazette, @nickw84, @crankynotions, @aubrey_writes, @profdaveandress, @mrjamesob, @zoenora6, @youngvulgarian, @olifranklin, @chrismsutcliffe, @mattleys, @owenjones84, @mendelpol, @danhancox, @nigelwuk, @nicolelampert, @anthonypainter, @thewritertype, @eduardosuarez, @jimwaterson, @benjaminbutter, @henrycooke, @chrismonk, @jamesrbuk, @josiahmortimer, @stephenpollard, @amarjourno, @sophiasleigh and @ianvisits
Bloomberg:
Sources: Sony is working with another investor to buy Queen's music catalog, including merchandising and other businesses, in a deal potentially worth ~$1B — - The talks are ongoing and may not result in a deal for songs — Sony Music in talks with another investor about the purchase
Discussion:
Billboard and @lucas_shaw
Sara Fischer / Axios:
The Atlantic and Vox Media sign multi-year licensing and product deals with OpenAI; The Atlantic plans an experimental Atlantic Labs with OpenAI tech — - The Atlantic has been publishing content since 1857. … - Both agreements also allow OpenAI to tap into the respective publishers' current content …
Discussion:
The Hill, Vox Media, The Hollywood Reporter, @tomwarren, VentureBeat, @nkulw, @edmundlee, @chrismvasq.bsky.social and @openai
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, @tvgrimreaper, @bsdtectr.bsky.social and The Wrap
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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:
Fast Company, Albert Fong on LinkedIn, Paul Dergarabedian on LinkedIn, The Hill, Los Angeles Times, @patrickbigpix, New York Times, Variety, Steve Siskind on LinkedIn, Washington Post, IGN, JoBlo, NBC News, Associated Press, Screen Rant, CNN, The Wrap, The A.V. Club, The Wrap, Business Insider, Deadline, Screen Rant and ComingSoon.net
Abby Montanez / Robb Report:
Elle plans its first branded residences in Miami, with a 25-story tower featuring 180 units built in partnership with French publisher Lagardère News and others — The 25-story tower will feature 180 turnkey homes ranging from one-bedroom units to penthouses.
Discussion:
@jmrivera02, @benmazer, @elwasson, @savbrads, @daisandconfused, @ryanbeckwith, @geha714, @thestalwart and @tomgara
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:
TechCrunch, The Streamable, Wall Street Journal, The Guardian, The Verge, IndieWire, @brianstorms@mastodon.social, New York Times 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
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
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
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