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.
Discussion:
New York Times, The Wrap, Adweek, Talking Biz News, @pkafka, @jaycodon, @tomgara, @danackerman, @asilbwrites and @justinbaragona
Lauren Forristal / TechCrunch:
TuneIn partners with Discord, bringing TuneIn's full free live radio and podcast library to Discord's Activity app directory — Audio streaming service TuneIn is teaming up with Discord to bring free live radio to the platform. This is TuneIn's first collaboration with a social platform …
Discussion:
@discord, RadioInsight, @buckwilson and Richard Stern on LinkedIn
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 …
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.
Emily Baker-White / Forbes:
Sources: TikTok accounts, including brands and celebrities like CNN and Paris Hilton, are getting hacked via a zero-day exploit that only requires opening a DM — The compromised accounts include CNN and Paris Hilton — and all users have to do to be hacked is open a DM, according to company sources.
Discussion:
TechCrunch, Engadget, New York Post, BGR, @ebakerwhite and Tubefilter, more at Techmeme »
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.
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 …
Discussion:
WORLD SCREEN, Reuters, Business Insider, Bloomberg and Advanced Television
Paul Vieira / Dow Jones Newswires:
Canada's broadcast regulator orders foreign streaming services with C$25M+ in sales to contribute 5% of Canadian sales to help fund local content from Sept. 1 — OTTAWA—Canada's broadcast regulator on Tuesday said foreign streaming services like Netflix, Disney+, Spotify and Amazon Prime Video …
Discussion:
Reuters, @jackshafer, CBC News and Media Play News
Wayne Ma / The Information:
Sources: Apple was in talks last year to debut Apple TV+ in China via a deal with China Mobile, which would make it the only US video streaming service in China — Apple was in talks last year to launch its Apple TV+ video streaming service in China via a deal with China Mobile …
Discussion:
@scotian.bsky.social, AppleInsider, @waynema, 9to5Mac and @niubi, more at Techmeme »
Brody Ford / Bloomberg:
Shutterstock CEO Paul Hennessy says the company's licensing business with AI companies made $104M in revenue in 2023 — - Reka AI is latest customer to announced deal with Shutterstock — OpenAI, Meta, among others using Shutterstock images for AI
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]
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 — One of the strangest stories in media over the past decade is the Epoch Times, a formerly free newspaper distributed on the streets …
Discussion:
Nieman Lab, US Department of Justice, RMPBS, @davetroy, @davetroy, The Guardian, @daveweigel, New York Post, New York Times, @brandyzadrozny, @brandyzadrozny, @will_bunch, CNBC, @semaforben, @justinbaragona, @jaredlholt, @brandyzadrozny, @daveweigel, @emilybell, @scottnover, @annamerlan, @bryson_m, Al Jazeera, @trueanonpod, @davidgerard, Associated Press, NPR, Rolling Stone, Business Insider, Courthouse News Service, @howelloneill@infosec.exchange, @jbillinson@threads.net, The Daily Beast, @kurtsh@mastodon.social, Mediaite and @nickheer@c.im
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 — Robert Winnett is virtually unknown in the U.S. and keeps a low profile in his native Britain, too. This fall, he will oversee the newsroom of Woodward and Bernstein.
Discussion:
The Guardian, Washington Post, @grynbaum, @benmullin, The Media Leader, The Desk, Press Gazette and Washington Post
RELATED:
New York Times:
Source: Will Lewis told Sally Buzbee she could run one of the new WaPo divisions, in what would've been an effective demotion for her; Buzbee chafed at the idea
Discussion:
Media Nation, NPR, Poynter, MediaPost, @benmullin, @benmullin, @peltast@mstdn.ca, Vanity Fair, Mediaite, @indorfin.bsky.social, Digital Journal, The Wrap, @ChrisBoese@newsie.social, The Media Leader, NOTUS, Al Jazeera, Washington Post, New York Post, Associated Press, Washington Post, @davidfolkenflik and Axios
Lucas Shaw / Bloomberg:
Antenna: Spotify users are the least likely to cancel among major video or audio streaming services in the US, with a ~2% monthly churn rate, similar to Netflix — Its customers are the least likely to cancel among major video or audio streaming services. — Good afternoon from Chicago …
Discussion:
Deadline, Music Ally, @lucas_shaw, @lucas_shaw and The Information
RELATED:
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
Discussion:
Spotify, The Hill, @ccm_brett, @radnorcapital, @film_girl, 9to5Google, @alexweprin, @tomwarren, The Hollywood Reporter, Engadget, The Desk, Variety, CBS News, Gizmodo, The Media Leader, Bloomberg, Micah Willbrand on LinkedIn, CNBC, Digital Trends, KTVX-TV, The Wrap, Music Ally, 9to5Mac and TechCrunch
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