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6:20 AM ET, June 5, 2024

Mediagazer

 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.
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.
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.
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
Will Shanklin / Engadget:
Twitch says its Twitch Tier 1 subscriptions in the US will increase from $4.99 to $5.99 per month on July 11, the first price rise for US subscribers  —  Monthly Tier 1 memberships will go up by $1 in July.  —  Twitch is joining Spotify, Max, Peacock, Crunchyroll, EA and other content services …
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.
Lorraine Mirabella / Baltimore Sun:
Sam Davis, managing editor of The Baltimore Sun, is retiring and will be succeeded by Tricia Bishop, currently director of opinion and features content  —  The Baltimore Sun's longtime managing editor is retiring and will be replaced by a 24-year veteran of Maryland's largest news organization, Baltimore Sun Media said Tuesday.
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.
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.
 
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 More News: 
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
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
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
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
 Earlier Picks: 
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
 

 
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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