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3:30 PM ET, June 12, 2024

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 Top News: 
New York Times:
Sources: Shari Redstone was irked that Skydance's revised Paramount terms reduced National Amusements' value from $2B to $1.7B, affecting her family's holdings  —  There were several hitches in the last week as Skydance, Paramount and its parent company, National Amusements, reached the final stages of negotiations.
RELATED:
Alex Weprin / The Hollywood Reporter:
In an email to staff, Skydance CEO David Ellison acknowledges Paramount merger talks have ended, and says that Skydance is “stronger” because of the talks
Jessica Toonkel / Wall Street Journal:
National Amusements ends talks with Skydance; sources: Shari Redstone will likely seek a sale of just National Amusements, without including Paramount directly
Nick Visser / HuffPost:
Howard Fineman, who spent three decades at Newsweek and later became HuffPost's political editor and global editorial director, dies at 75 of pancreatic cancer  —  Fineman, who provided a critical look behind the curtain of Capitol Hill as a regular analyst on cable television, died of pancreatic cancer.
Anthony D'Alessandro / Deadline:
Sony Pictures Entertainment buys Alamo Drafthouse Cinema; 35 cinemas will keep operating under the Alamo brand, and Alamo's Michael Kustermann will remain CEO  —  Sony Pictures Entertainment (SPE) has just bought Alamo Drafthouse Cinema.  D eadline first told you the chain was up for sale and being shopped around to studios.
Rolling Stone:
Supreme Court Justice Samuel Alito suggests partisan funding of ProPublica is to blame for its coverage of the court, in a secret recording at a recent dinner  —  In a new, secret recording, the Supreme Court justice suggests partisan funding is to blame for coverage of justices' undisclosed luxury gifts
Jack Nicas / New York Times:
How The New York Post, TMZ, and 100+ other sites around the world distorted a NYT story to claim that a remote Amazon tribe got addicted to porn due to Starlink  —  A Times story about the arrival of high-speed internet in a remote Amazon tribe spiraled into its own cautionary tale on the dark side of the web.
Ben Schoon / 9to5Google:
 
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 More News: 
Calum Jaspan / Sydney Morning Herald:
Sources: News Corp Australia plans to cut up to 40% of its sales workforce, or about 80 roles, amid its ongoing restructuring
Discussion: Crikey
 Earlier Picks: 
Aidan Ryan / The Boston Globe:
Current and former staff at Boston public media outlet GBH criticize top salaries after 31 people were laid off; nine execs earned $300K+ in base pay in 2023
Laura Wagner / Washington Post:
The Baltimore Sun's union says the paper's new ownership has “tossed aside” ethical standards, reusing a below-standard Sinclair Broadcast Group story and more
 

 
From Techmeme:

Jeff Horwitz / Wall Street Journal:
Test conversations with some Meta AI digital companions, including celebrity-voiced ones, show them engaging in sexual chats even when users identify as minors

Matt Levine / Bloomberg:
A look at the rise of “pure play” bitcoin companies like Twenty One, as the stock market is paying far more for crypto exposure than the crypto market itself is

Prachi Verma / The Economic Times:
India faces a shortage of agentic AI professionals, with executives estimating fewer than 100K in the country while demand is projected to hit ~200K by 2026

 
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