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1:35 PM 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.
Lauren Forristal / TechCrunch:
Substack adds the ability for writers to send videos to their subscribers via its direct messaging feature Chat  —  Newsletter platform Substack is introducing the ability for writers to send videos to their subscribers via Chat, its direct messaging feature, the company announced on Wednesday.
Discussion: On Substack
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 …
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 …
Dominic Ponsford / Press Gazette:
Bloomberg Media unveils product updates, including more deep-dive long reads on Businessweek, set to become a monthly in July, and reports 540K subscribers  —  Bloomberg Media is betting on increased website functionality and deeper reporting to keep it ahead of generative AI-based information providers.
Reuters:
China-linked app NewsBreak used AI to write 40+ inaccurate local US stories since 2021 and in March added a note that its content “may not always be error-free”  —  Last Christmas Eve, NewsBreak, a free app with roots in China that is the most downloaded news app in the United States …
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.
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 …
 
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 More News: 
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
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
 Earlier Picks: 
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
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
 

 
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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