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9:45 AM ET, May 30, 2024

Mediagazer

 Top News: 
CNBC:
Source: Nelson Peltz has sold his full Disney stake; in April, Peltz' Trian Partners lost a proxy battle after trying to elect Peltz and Jay Rasulo to the board  —  Activist investor Nelson Peltz has sold his entire stake in Disney, according to a person familiar with the matter.
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 …
RELATED:
The Citizen Lab:
An investigation finds seven Russian and Belarusian journalists and activists who were targeted and/or infected by Pegasus between August 2020 and January 2023  —  Summary  — In a joint investigation with Access Now, we found that seven Russian and Belarusian-speaking independent journalists …
Steven Lee Myers / New York Times:
Researchers: an ex-Florida deputy sheriff who received asylum in Russia is behind a growing network of 160+ fake news sites mimicking US, UK, and French outlets  —  In 2016, Russia used an army of trolls to interfere in the U.S. presidential election.  This year, an American given asylum …
The Hollywood Reporter:
Reality TV is facing a slowdown as jobs become scarce, budgets get crunched, and executives take fewer risks, coming as a surprise to some industry insiders  —  Development and production have been sluggish since the strikes, leaving desperate workers in the lurch: “All of a sudden the faucet just turned off.”
Rebuild Local News:
Illinois legislators included in their budget new tax credits for newsrooms that hire or retain local reporters, allocating $25M over five years, and more  —  The State Legislature's budget provisions support local news through employment tax credits, a 120-day delay on selling local newspapers …
Tania Ganguli / New York Times:
A look at the future of TNT's Inside the NBA, which started in 1989 and hired Charles Barkley in 2000, after WBD did not secure NBA rights beyond next season  —  Next season could be the last for TNT's influential and beloved studio show, and Charles Barkley, for one, will not be going quietly.
Katie Campione / Deadline:
Sources: writers at iHeart's 100-member podcast unit prepare to strike if a contract deal isn't reached by the end of May; they unionized 2+ years ago  —  EXCLUSIVE: More than two years after unionizing through the WGA East, the writers at iHeartPodcasts still don't have their first deal with the network.
Jessica Toonkel / Wall Street Journal:
Sources: Netflix is developing new music-competition shows similar to The Voice, to expand the breadth of its programming with brand-safe, family-friendly TV  —  Netflix is ready to jam.  The streaming giant is developing new music-competition shows in the image of long-running broadcast hits like …
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
 
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 More News: 
Kyle Orland / Ars Technica:
Sony takes down an interview with Naughty Dog Studio's Neil Druckmann after he posted a transcript showing that he didn't laud AI tools as Sony's edit implied
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
Lily Ford / The Hollywood Reporter:
The BBC launches a review into how accurately and authentically it represents groups and communities across the UK, across TV, radio, online content, and more
Paul Sawers / TechCrunch:
Spotify hikes its Premium subscription in France by €0.13 to €11.12, to match the 1.2% music-streaming levy imposed by the country at the start of 2023
 Earlier Picks: 
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
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
Discussion: HoldtheFrontPage
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
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
 

 
From Techmeme:

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

Esha Dey / Bloomberg:
Tesla's shares are up 73% since Election Day, as several analysts see the Trump administration easing rules for self-driving tech, benefiting Tesla's ambitions

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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