Top News:
Wall Street Journal:
Sources: ex-Warner Music head Edgar Bronfman Jr. looks to offer $2B to $2.5B for National Amusements, which is already in advanced talks to sell to Skydance — Bronfman, backed by Bain Capital, has expressed interest in Shari Redstone's National Amusements, which is already in advanced negotiations to sell to Skydance Media
Discussion:
Media Play News, @fhoro, @jbflint, @lowrytom, @tvgrimreaper, Financial Times, @jtoonkel, The Wrap, Bloomberg, Variety, Cord Cutters News and Reuters
Washington Post:
Sources: Jeff Bezos has been closely engaged with Will Lewis, as the WaPo's new publisher developed the plan to create a “third newsroom” for new audiences — Critics raise concerns about the values of a new team of executives. Meanwhile, the business woes are real. What does Jeff Bezos want?
Discussion:
The Daily Beast, @farhip, @farhip, @ashleyrparker, @elaheizadi, @washingtonpost, Poynter and MediaPost
Sarah Perez / TechCrunch:
News reader Particle, which uses AI to summarize stories, raised a $10.9M Series A led by Lightspeed and announces Reuters as a news source for its service — Traffic is down, newsrooms are undergoing layoffs, and publishers fear that AI technologies will only make matters worse.
Discussion:
@ericnewcomer, @ericnewcomer, @stevejang, @pandemona, @goldman@threads.net, @rafat, Gabriel Brotman on LinkedIn, @pandemona, @pandemona, @scottbelsky, Particle and @ataussig
Bloomberg:
Source: Spotify plans to launch a higher-priced premium plan later in 2024, charging $5+ more per month for better audio, playlist and library tools, and more — The plan will cost at least $5 more per month and include access to high-fidelity audio and new playlisting tools.
Kathryn Lundstrom / Adweek:
The New York Times and Instacart announce a two-year partnership to let users order ingredients for New York Times Cooking recipes with Instacart — It's part of a growing trend of retail media-publisher partnerships — Shoppers can now order ingredients for New York Times Cooking recipes thanks …
Discussion:
Ad Age and The New York Times Company
Dominic Ponsford / Press Gazette:
The UK's Future launches Elevate, which offers ad-serving tech to publishers and helps them sell their online ad inventory through programmatic and direct sales — Future plc has launched a new brand called Elevate based around selling its own advertising technology to other publishers.
Discussion:
Future, @futureplc, Ad Age and Digiday
Kiana Cox / Pew Research Center:
Survey: 88% of Black Americans say they sometimes come across news about Black people they think is inaccurate; 72% say the inaccuracies were created on purpose — Table of Contents Table of Contents — Most Black adults say they experience racial discrimination
Tom Warren / The Verge:
Discord music bot Rythm relaunches three years after YouTube forced it offline, with a $4.99/month paid tier and plans to launch a mobile app later this year — Three years ago, YouTube turned its attention to Discord music bots that were using the video service to stream music into Discord voice channels.
Discussion:
@discord and @tomwarren
Punchbowl News:
Punchbowl News announces a tech policy vertical as part of its Premium Policy membership, which will launch in early 2025 — Punchbowl News is taking on tech coverage. Let us tell you why. — How Washington tackles the perils and promises of technology is one of the biggest questions of the day.
Discussion:
@lutherlowe, @davecclarke, @mpetricone and @jakesherman
Naman Ramachandran / Variety:
Ampere: SVOD services' spending is set to hit €10B in Europe's major TV markets by the end of 2024, surpassing public and commercial broadcasters' investment — Spending by subscription video-on-demand (SVOD) platforms is set to hit €10 billion ($10.7 billion) …
Discussion:
Media Play News, Broadband TV News, Advanced Television, Deadline and The Hollywood Reporter
Mark Kleinman / Sky News:
Sources: Cineworld is exploring a sale or restructuring of its UK business, which includes ~100 theaters; the Regal parent exited bankruptcy in August 2023 — The multiplex giant is working with AlixPartners on options for its UK business which could lead to a sale or restructuring …
Discussion:
@ozseekerview, @pixieglas, @neilramjee, @elliot_grove, The Wrap, Reuters and Deadline
Lauren Forristal / TechCrunch:
Apple TV+ adds InSight, a feature similar to Amazon X-Ray that will allow viewers to learn actor names and song titles as they appear on the screen — At Apple's WWDC 2024, the company revealed a handy new feature for Apple TV+ called InSight. The feature will allow viewers to learn actor names …
Discussion:
The Ankler, Gadgets 360, The Desk, Apple Newsroom, 9to5Mac, The Streamable and The Verge
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