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2:05 PM ET, July 1, 2024

Mediagazer

 Top News: 
Amanda Meade / The Guardian:
Staff at Australia's Nine passed a motion of no-confidence in CEO Mike Sneesby on Friday and prepare to take industrial action, after he announced ~200 job cuts  —  Chief executive Mike Sneesby says ‘economic headwinds’ and end of Meta deal are to blame for lost jobs
Discussion: Mumbrella, Mediaweek, ABC and Crikey
Alex Griffing / Mediaite:
Janko Roettgers / The Verge:
Redbox's owner, Chicken Soup for the Soul Entertainment, files for bankruptcy protection; Chicken Soup took on $325M in debt when it acquired Redbox in 2022  —  Redbox's owner, Chicken Soup for the Soul Entertainment, filed for bankruptcy protection overnight.
Charlotte Tobitt / Press Gazette:
B2B information and data provider Wilmington sells its UK healthcare business, which includes Health Service Journal, to PE firm Inspirit Franklin for £26M  —  HSJ has been owned by Wilmington since 2017.  —  Health Service Journal will move under private equity ownership following a sale by owner Wilmington.
Katie Kilkenny / The Hollywood Reporter:
Some Hollywood writers and actors are struggling to meet salary or work requirements to keep their union's health insurance plans, following the 2023 strikes  —  After the 2023 work stoppages and amid a larger industry contraction, creatives face difficulties meeting minimums to keep their union plans …
CBS News:
SCOTUS orders lower courts to take another look at Texas' and Florida's social media laws, says neither lower court conducted proper analysis of 1A challenges  —  Washington — The Supreme Court on Monday ordered lower courts to take another look at a pair of laws from Florida and Texas …
Silla Brush / Bloomberg:
BlackRock has agreed to buy Preqin, a UK-based provider of private markets data, for £2.55B in cash  —  The acquisition deepens BlackRock's ability to oversee risks and analyze data across fast-growing markets for private assets, and also expands its Aladdin technology systems …
Alex Weprin / The Hollywood Reporter:
Sesame Workshop, the non-profit that produces Sesame Street, names Sherrie Westin as its new CEO, as it plans to “reimagine” Sesame Street starting in fall 2025  —  The non-profit that produces ‘Sesame Street’ will have its first female CEO since the show's creator, Joan Ganz Cooney.
Discussion: The Wrap and Variety
Jeff Jarvis / BuzzMachine:
The two California bills to help fund local journalism would penalize Google and Meta for news' decline and benefit hedge funds that are destroying newspapers  —  There is still hope that California's perilous, protectionist legislation for news could be reformed, but not without effort.
Discussion: @jeffjarvis
James Risen / The Intercept:
A reporter who fought a seven-year legal battle to protect sources says Julian Assange's case sets a dangerous precedent that may severely hurt US press freedom  —  When Julian Assange abruptly found himself back in Australia and freedom this week after reaching a plea deal with the U.S. government …
 
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 More News: 
Advanced Television:
JustWatch: Netflix led the UK streaming market in Q2 with a 28% share; Prime Video had 27%, Disney+ had 20%, Apple TV+ had 8%, ITVX had 6%, and Now TV had 6%
 Earlier Picks: 
Michael Schneider / Variety:
Nielsen: the Biden-Trump debate drew an average audience of 51.3M viewers across 17 networks in the US, down from 2020's first debate, with nearly 73.1M
Reuters:
In a parliamentary hearing, Meta says it is considering blocking news content from Facebook in Australia if the government makes it pay licensing fees
Discussion: Bloomberg