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3:30 PM ET, June 12, 2024

Mediagazer

 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.
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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
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: 
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:

Suzanne Smalley / The Record:
Pennsylvania's Supreme Court rules that police can get Google search data without a warrant; an expert warns it may encourage warrantless searches nationwide

Meghan Bobrowsky / Wall Street Journal:
Sources: Meta is developing a new image and video-focused AI model codenamed Mango, expected to be released in H1 2026 along with its new LLM dubbed Avocado

Lydia Beyoud / Bloomberg:
The US Senate confirms Trump pick Michael Selig as chairman of the CFTC, as lawmakers consider legislation to give the agency more control over digital assets

 
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