Mediagazer: Naver-owned Webtoon shares closed up 9.5% at $23 in the online comics company's Nasdaq debut, giving it a market value of ~$2.9B, after an IPO that raised $315M (Bloomberg)

6:25 PM ET, June 27, 2024

Top News:

CNN responds to the WHCA on debate access: the print pool reporter gets studio access at the first ad break, and a tight pool of photographers gets full access — In a statement, CNN responded to concerns from the WHCA on press access to the debate room. The network says the “debate is being held without an audience in a CNN studio and is closed to press.” [image]

Discussion: Washington Examiner and Bloomberg

Ben Mullin / @benmullin:

The WHCA says it is “deeply concerned” that CNN blocked repeated requests to let the White House travel pool in studio for tonight's presidential debate — scoop: The White House Correspondents' Association says it's “deeply concerned” that CNN “has rejected our repeated requests to include the White House travel pool inside the studio.” The full statement: [image]

Discussion: Reuters, Fox News, The Wrap, New York Times, TVNewsCheck, The Hollywood Reporter, @seanmdav, @andrewrestuccia, @byronyork, @bryanmyrick, @kairyssdal, @ashleyrparker, @benmullin, @deadline, @deadline, @deadline, Deadline and Talking Biz News

@cbcpac:

The head of the Congressional Black Caucus PAC calls on CNN to give credentials to Black-owned media outlets for tonight's debate; none were credentialed so far — Full statement from @RepGregoryMeeks: [image]

Discussion: @elienyc, @fly_sistah, @elienyc, @stefmylestennis, @notcapnamerica, @stacybrownmedia, @attorneygriggs, @rolandsmartin, @rolandsmartin, Atlanta Black Star, @symonedsanders, @atlblackstar, @murphyajc, EBONY, @atlblackstar, @joyannreid@threads.net and @rolandsmartin

Bloomberg:

Naver-owned Webtoon shares closed up 9.5% at $23 in the online comics company's Nasdaq debut, giving it a market value of ~$2.9B, after an IPO that raised $315M — - Online comics company's first-time share sale priced at top — Firm sees growth beyond Korea coming from Japan, France

Discussion: Forbes, Reuters, Crunchbase News, @nasdaqexchange and Deadline

Song Jung-a / Financial Times:
Naver-owned online comics platform Webtoon raised $315M in its Nasdaq IPO at $21 per share, the top of its $18-$21 marketed range, valuing the company at $2.7B

Discussion: Publishing Perspectives, BBC, Yahoo Finance, WEBTOON, @lucas_shaw, @nasdaqexchange, Fast Company, KED Global and Reuters, more at Techmeme »

Margaret Fleming / Front Office Sports:

A Los Angeles jury sides against the NFL in a Sunday Ticket antitrust trial, saying the league owes $4.7B+ to subscribers and $96M to bars and restaurants — A jury in Los Angeles sided against the NFL on Thursday in the Sunday Ticket trial that could cost the league billions.

Associated Press:

The Center for Investigative Reporting, which produces Mother Jones and Reveal, has sued ChatGPT maker OpenAI and Microsoft, saying OpenAI violated copyrights — The Center for Investigative Reporting said Thursday it has sued ChatGPT maker OpenAI and its closest business partner, Microsoft …

Discussion: The Wrap, Engadget and The Hollywood Reporter

Haleluya Hadero / Associated Press:

Seven nonprofits including the Freedom of the Press Foundation file a brief saying the US law forcing ByteDance to sell TikTok or face a ban is unconstitutional — A group of nonprofits argued in a legal filing that the federal law requiring TikTok's parent company to sell the platform …

Discussion: MediaPost

Matthew Keys / The Desk:

Comcast is adding the sports-focused Fubo app to supported Xfinity Flex, Xumo TV, and Xumo Stream boxes — Customers of Comcast's broadband product Xfinity Internet now have access to sports-centric streaming service Fubo on the company's lased streaming boxes.

Discussion: The Streamable, Next TV and Cord Cutters News

David Roeder / Chicago Sun Times:

Chicago Public Media names Vox co-founder Melissa Bell as its new CEO, starting September 3; CPM owns the Chicago Sun-Times and public radio station WBEZ — The founder and former publisher of Vox Media will take over in September. — Melissa Bell, former publisher of Vox Media …

Discussion: Radio & Television …, Current, Tracy Brown on LinkedIn, @dicktofel and WBEZ

Sara Fischer / Axios:

Time strikes a multi-year content licensing deal with OpenAI; Time will gain access to OpenAI's tech and tools to develop new products — - It also gives the AI giant access to Time's real-time content to help answer user queries as news unfolds. — Under the agreement …

Discussion: Engadget, The Hill, Melody Khodaverdian on LinkedIn, MediaPost, Jeff Li on LinkedIn, @teamtime, CNBC, Eric J. Kelliher on LinkedIn, The Wrap, Sharon Milz on LinkedIn and The Hollywood Reporter

Tom Warren / The Verge:

Microsoft plans to launch its Xbox TV app on Amazon's Fire TV Sticks in July in 25+ countries, letting Game Pass Ultimate subscribers access Xbox Cloud Gaming — The Xbox app will provide access to Xbox Cloud Gaming so subscribers to Xbox Game Pass Ultimate can stream a variety of games directly to Fire TV devices.

Discussion: Xbox Wire, Android Headlines, BGR, TechSpot, 9to5Google, Screen Rant, Digital Trends, VG Charts, Engadget and TechRadar, more at Techmeme »

Brian Stelter / The Atlantic:

A look at WaPo's leadership issues under Jeff Bezos, as his hands-off approach and selection of publishers left the paper without a long-term strategy — How the world's greatest businessman drove his newspaper into a ditch — If you want to understand the current crisis at The Washington Post …

Discussion: Talking Points Memo, @benmullin, @jamiestelter, @michaelluo, @loudmouthjulia, @brianstelter, @nkulw, @bgrueskin, @mattgertz, @semaforben, @nathanmart, @tvgrimreaper and @elaheizadi

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More News:

Katie Robertson / New York Times:
Sewell Chan, EIC of The Texas Tribune, is named executive editor of CJR; Tribune managing editor Matthew Watkins will become EIC when Chan departs in September

Discussion: The Texas Tribune on LinkedIn, @bgrueskin, @sonalrshah, journalism.columbia.edu, @evanasmith, @mwatkinstrib, @evanasmith, @mwatkinstrib, @rebekahallen, @bgrueskin, @clockwerks, The Texas Tribune and @emilybell

Kevin T. Dugan / New York Magazine:
Two groups of Sandy Hook families disagree on whether Infowars' parent company FSS should go into bankruptcy or whether they should take control of FSS assets

Discussion: New York Times, The Daily Beast and Irish Examiner

Gene Park / Washington Post:
An interview with Netflix's VP of external games, Leanne Loombe, on its push into gaming, focusing on narrative games without ads or in-app purchases, and more

Discussion: Mobilegamer.biz and TVNewsCheck, more at Techmeme »

Matthew Ball / MatthewBall.co:
A look at what has happened to the US box office since 2000 and how the pandemic accelerated the decline in per capita theatrical admissions by roughly 15 years

Discussion: @ballmatthew, @royprice and @loudmouthjulia

Neel Dhanesha / Nieman Lab:
The Oaklandside's publisher, Cityside, launches Richmondside in Richmond, CA, a town where the top employer, Chevron, owns the primary news source

Discussion: @tigerbeat, @khulacrichmond and @davidfolkenflik

Alex Sherman / CNBC:
A look at YouTube's growing dominance as Nielsen says it had ~10% of all viewership on connected and traditional TVs in the US in May, ahead of Netflix's 7.6%

Discussion: Scott Kirkpatrick on LinkedIn, Lowpass, @sportstvratings, @aagave, @tvgrimreaper, @tarawlevy, @richlightshed, @sherman4949, Tara Walpert Levy on LinkedIn, Brooks Day on LinkedIn, Jeff Jenkins on LinkedIn, @sherman4949, Alex Sherman on LinkedIn, CNBC on YouTube and TVNewsCheck

Earlier Picks:

NewsGuild of New York:
Members of The NewsGuild of New York vote 1,229 to 599 to make a temporary dues rate of 1.75% permanent; the rate had been set to expire on September 30, 2024

Discussion: @susandecarava and @nyguild

Jed Rosenzweig / LateNighter:
Paramount has shut down its Comedy Central website, which held The Daily Show clips and the full run of The Colbert Report, after its shutdown of MTV News' site

Andy Roberts / GolfMagic:
Caffeine TV, a streaming platform that has been carrying LIV Golf's content, announces it is shutting down due to a lack of profitability

Discussion: The Hollywood Reporter, @ryanbarwick, @moe_rants, @michaelmiraflor, @scottnover, @ryanbarwick, Sports Media Watch, Barrett Media, @2xaught7.bsky.social, Ad Age and Awful Announcing

Adam Jacobson / Radio & Television Business Report:
Audacy promotes Jeff Sottolano to chief programming officer from EVP and head of programming; he'll be responsible for content on radio stations and podcasts

Discussion: Inside Radio, RADIO ONLINE and Inside Radio

Katie Paul / Reuters:
Seven content-licensing sellers of music, image, and other AI training datasets form the Dataset Providers Alliance to advocate for “ethical data sourcing”

Discussion: Music Ally, Ed Newton-Rex on LinkedIn, James on LinkedIn, Alex Bestall on LinkedIn and Android Headlines

From Techmeme:

Kent Walker / The Keyword:
Google says the DOJ's “wildly overbroad proposal goes miles beyond the Court's decision”, would hurt US consumers, and jeopardize the US' global tech leadership

Paige Smith / Bloomberg:
The CFPB will supervise tech companies with digital wallets, like Apple Pay, Google Pay, and Venmo, with 50M+ annual transactions, treating them more like banks

Hannah Lang / Reuters:
Sources: a16z, Ripple, Kraken, and Circle are jostling for a seat on Trump's promised crypto advisory council, which is expected to set up a bitcoin reserve

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