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11:45 AM ET, June 5, 2024

Mediagazer

 Top News: 
Wall Street Journal:
Sources: the NBA is closing in on deals with NBC, ESPN, and Amazon that would bring in ~$76B in media revenue over 11 years; the deals will include WNBA rights  —  The National Basketball Association entered its first TV negotiations in a decade with a problem: Its main business partners seemed to be on shaky footing.
RELATED:
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
Luc Cohen / Reuters:
Netflix plans to donate $1M to the Innocence Project to settle a defamation lawsuit by ex-prosecutor Linda Fairstein over a 2019 Central Park Five show  —  Netflix (NFLX.O) settled a defamation lawsuit brought by best-selling author and former Manhattan sex crimes prosecutor Linda Fairstein …
Nathan Jolly / Mumbrella:
Several senior executives, including sales managers, are leaving as part of News Corp Australia's ongoing restructuring; more staff cuts are expected next week  —  The biggest restructuring in News Corp Australia's history continues to roll on, as several senior executives have been moved on.
Mike Scarcella / Reuters:
A federal class action suit against the NFL over claims of using agreements to control Sunday Ticket distribution, letting DirecTV raise prices, heads to trial  —  The National Football League and subscribers to its “Sunday Ticket” televised game package are headed to trial on Wednesday …
Discussion: Bloomberg
Monique Mulima / Bloomberg:
FT Ventures buys a minority stake in Toronto-based news company The Logic, launched in 2018; the FT's media consulting arm will help with subscriptions and more  —  FT Ventures will become a minority owner of the Toronto-based news company, which was launched in 2018.
Discussion: Talking Biz News
Upmanyu Trivedi / Bloomberg:
The UK's Competition Appeal Tribunal rules that a class action lawsuit against Google over allegations of abusing its dominance in digital ads can proceed  —  London judges ruled a class action lawsuit to proceed against Google potentially seeking billions of pounds in damages over allegations …
Justin Ling / Wired:
Russian journalists and dissidents are taking advantage of YouTube, the only major US platform available in Russia and a primary entertainment source for many  —  YouTube remains the only major US-based social media platform available in Russia.  It's become “indispensable” to everyday people, making a ban tricky.
Margaret Sullivan / The Guardian:
Heavy-handed moves by The Washington Post's new publisher, Will Lewis, have alienated and angered some of its talented staff; a course correction is in order  —  When Jeff Bezos bought the Washington Post in 2013, he said he wanted to give the storied but struggling newspaper the “runway” it needed to take off in the digital age.
Sara Fischer / Axios:
CNN has started testing a registration wall that requires users to create an account or log in after they've read around 10 articles in a day  —  CNN has begun testing an expanded registration wall that requires heavy site users to create an account with a username and password …
 
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 More News: 
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
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
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
 Earlier Picks: 
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
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
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
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
 

 
From Techmeme:

Financial Times:
Sources: the US FTC plans to investigate allegations that Microsoft is abusing its market power in productivity software to prevent customers from leaving Azure

Maxwell Zeff / TechCrunch:
OpenAI says the ChatGPT desktop app for macOS can now read code from some developer-focused apps, including VS Code, Xcode, TextEdit, Terminal, and iTerm2

Decrypt:
Eighteen US states, led by Kentucky, sue the SEC and its commissioners, including Chairman Gary Gensler, over its crackdown on the crypto industry
 
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