Top News:
Washington Post:
WaPo and The News Movement, in which Will Lewis holds a stake, agreed in recent months to pursue brand partnerships; TNM made two major pitches involving WaPo — William Lewis holds a stake in a start-up that has reached a deal with The Post to collaborate.
Discussion:
The Atlantic, Financial Times, @dangillmor@mastodon.social, @obrien_kat@mastodon.world, @davidbeard@threads.net, Diane Ravitch's blog, @farhip, @farhip, Politico, @ianshapira, @dastonerl, @davidrlurie, @zackstanton, @noahshachtman@threads.net, @yonetteajoseph@threads.net and The Daily Beast
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Dan Primack / Axios:
Filing: Vivek Ramaswamy's BuzzFeed stake grew to 8.9%; sources: Ramaswamy recently met Jonah Peretti and wants Patrick Bet-David and two others on BF board — - Ramaswamy has continued to increase his stake, this morning disclosing that it's risen to 8.9%.
Discussion:
@danprimack
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Lucas Shaw / Bloomberg:
Sources: BuzzFeed is struggling to sell Hot Ones owner First We Feast, which is profitable and has ~$30M revenue per year; interested parties balk at $70M price — - Several parties are interested but balk at $70 million price — Proceeds of about $50 million would help company pay off debt
Discussion:
The Desk, @ernie.tedium.co, @thejidetaiwo, @lucas_shaw, @webbarr, @drinksthethings.bsky.social and @kevdgrussing
New York Times:
Interviews with ~12 media executives, such as Brian Roberts, John Malone, Barry Diller, and Ted Sarandos, about the future of streaming, bundling, ads, and more — Who will survive? Die? Thrive? And how? We talked to nearly a dozen top media executives and asked them to predict what lies ahead.
Todd Spangler / Variety:
Prices of ad-free Paramount+ With Showtime plan will raise by $1 to $12.99/month, and of Paramount+ Essential plan with ads by $2 to $7.99, starting August 20 — As Paramount Global looks to push its streaming business into the black, it's hiking the prices for most Paramount+ plans later this summer.
Discussion:
The Streamable, Adweek, TVLine, The Wrap, IndieWire, ComingSoon.net and Deadline
Michael M. Grynbaum / New York Times:
CNN is in charge of every aspect of Thursday's Biden-Trump debate, a major shift from previous years; rival channels will leave CNN's on-air watermark untouched — One network is in charge of every aspect of the Biden-Trump debate, a major shift from previous years. Tens of millions of viewers are expected to be watching.
Discussion:
Gizmodo, The Hill, @matthewkeyslive, @bristei, @scarylawyerguy, @farhip, @markjacob16, @fcchambers, @jeremymbarr, @kairyssdal, @ronfilipkowski, Poynter, New Yorker, Mediaite and Los Angeles Times
Bloomberg:
Sources: Netflix has discussed creating free versions of its service in some markets, namely in Europe and Asia, but is not considering a free plan in the US — While Netflix is the biggest streaming service in Hollywood, it is barely in the top 10 for advertisers.
Discussion:
The Streamable, Lucas Shaw on LinkedIn and BGR
Jesse Whittock / Deadline:
Sony Pictures Networks India names Disney+ Hotstar content chief Gaurav Banerjee as its new Managing Director and CEO — Sony Pictures Networks India has named Disney+ Hotstar content chief Gaurav Banerjee as its new Managing Director and CEO. — He'll replace N.P. Singh …
Discussion:
Variety and WORLD SCREEN
Mia Sato / The Verge:
The RIAA files two copyright-infringement cases against the AI music services Suno and Udio; Udio was used to create the viral song BBL Drizzy — A group of record labels including the big three — Universal Music Group (UMG), Sony Music Entertainment, and Warner Records …
Josef Adalian / Vulture:
Q&A with Don Klees, Acorn TV SVP of programming, and Courtney Thomasma, AMC Networks EVP of streaming, on Acorn TV's success, FAST channel potential, and more — This story first ran in Buffering, Vulture's newsletter about the streaming industry. Head to vulture.com/buffering and subscribe today!
Discussion:
@tvmojoe and Joy Phillips on LinkedIn
Financial Times:
Sources detail growing tensions between Elon Musk and Linda Yaccarino, stemming from her struggle to steady X's financial health a year after being named CEO — Tensions between billionaire and his top executive have been rising as the platform's financial health has struggled
Discussion:
PRWeek, Fortune, @carnage4life, @carnage4life, The Overspill, @goldman@threads.net, @aohnsman@threads.net, @timfullerton@threads.net, @georgebetak@threads.net, @emoltzen@threads.net, @sherrilynifill@threads.net, @keubikooriginal@threads.net, @juditpetho@threads.net, @esghound and Reuters
Elizabeth Djinis / Poynter:
How local nonprofit newsrooms Mountain State Spotlight, Outlier Media, and Signal Ohio are serving their communities, and what they need to continue their work — These organizations are revolutionizing journalism at every level: how they are funded, how they write their stories and even how they find them.
Discussion:
@nickpozek, @poynter, @poynter and @susanmcp1
Kate Irwin / PCMag:
In an interview, OpenAI CTO Mira Murati says “some creative jobs maybe will go away” due to AI, “but maybe they shouldn't have been there in the first place” — OpenAI's CTO Mira Murati isn't worried about AI's impact on creative professions.
Discussion:
@miramurati, Eric Marcoullier on LinkedIn, @zaphodgjd, Jan Rydzak on LinkedIn, @nbababysecret, @andantonius, @perpetualmaniac, @olifranklin, @rahll, @dartmouth, @edzitron, @iamhappytoast, @meganroseruiz, @nealstephenson, @carnage4life, @nickmurftweets, @abebab, @carnage4life, @seamusblackley, @robertfreundlaw, @kevinbparry, @shakeelhashim, @its_adamneely, @thayerschool, @noellemitchell@mstdn.social, Dartmouth Engineering on YouTube, @chrisg@fosstodon.org, @cake_of_canola_oil …, @darthbluesky.bsky.social, @moviessilently.bsky.social, @whet.bsky.social, @evacide.bsky.social, @gregpak.bsky.social, @rincewind.run, @cyanogic.com, @brooklynmarie.bsky.social, @jesseltaylor.bsky.social, @brendelbored.bsky.social, @rhymeswithnick.bsky.social, @jann@twit.social, Know Your Meme, BGR, r/singularity and r/Fauxmoi
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