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5:35 PM ET, June 4, 2024

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 Top News: 
Justin Baragona / The Daily Beast:
In a company-wide email, G/O Media CEO Jim Spanfeller announces the sale of Gizmodo to European digital media company Keleops  —  ANOTHER ONE  —  The sale will keep the tech website's entire staff intact, G/O Media CEO Jim Spanfeller wrote in a company-wide memo obtained by The Daily Beast.
Sara Fischer / Axios:
The WSJ introduced a multimillion-dollar brand advertising campaign on June 3, its first major brand campaign in years, focused on broadening subscriber appeal  —  - This is the Journal's first major brand campaign in years. … - The campaign tagline, “It's Your Business,” is meant to …
Jennifer Maas / Variety:
WBD increases the price for Max's ad-free version from $15.99 to $16.99 per month and the Ultimate ad-free tier from $19.99 to $20.99 per month  —  Warner Bros. Discovery has increased the price for its ad-free versions of streamer Max just ahead of HBO's “House of the Dragon” Season 2 premiere on June 16.
CNBC:
Paramount leadership presents a plan that includes job cuts, a potential streaming JV, and divesting non-core assets if a sale of the company doesn't happen  —  The current leadership of Paramount Global presented a go-forward plan at the company's annual shareholder meeting Tuesday in the event a sale of the company doesn't happen.
Charlotte Tobitt / Press Gazette:
ITN signs a deal with OpenOrigins to protect its video archive from AI and license content; videos will be validated and secured using blockchain tech  —  Broadcast news production company ITN has become the first UK news organisation to announce a deal seeking to safeguard its archive from the threat of AI.
Julia Jacobs / New York Times:
Sean Combs has sold his majority stake in Revolt, the media company he founded; the largest shareholder group of the company is now made up of employees  —  After a wave of lawsuits accusing Mr. Combs of sexual assault, the two are “completely separated and dissociated from each other,” the company's chief executive said.
Max Tani / @maxwelltani:
Memo: Ben Sherwood says Daily Beast EIC Tracy Connor is leaving; Hugh Dougherty, most recently New York Post's deputy editor, will be the new executive editor  —  NEW: In a note to Daily Beast staff, Ben Sherwood announces that EIC Tracy Connor is leaving. Hugh Dougherty is the publication's new executive editor. [image]
Rob Rose / Financial Times:
South Africa's MultiChoice recommends that shareholders accept Canal+'s buyout offer that values the company at $2.9B and will remain open until April 2025  —  Takeover of Africa's largest pay-TV operator must overcome regulatory hurdles  —  Africa's largest pay-TV operator, MultiChoice …
 
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 Earlier Picks: 
Michael M. Grynbaum / New York Times:
A profile of Robert Winnett, the low-key, scoop-obsessed UK editor who will take charge of WaPo's newsroom this fall after 17 years at The Telegraph
New York Times:
The Monday night shows of Rachel Maddow and Jon Stewart are luring viewers back to basic cable, a sign of the staying power of established TV personalities
Matt Stieb / New York Magazine:
US prosecutors charge The Epoch Times' CFO Bill Guan with conspiracy to commit money laundering for allegedly moving at least $67M in illegally obtained funds
Tom Warren / The Verge:
Spotify plans to raise US prices: Premium from $10.99 to $11.99 per month, Duo from $14.99 to $16.99, and Family from $16.99 to $19.99, after a July 2023 hike