Top News:
Lucas Manfredi / The Wrap:
Paramount shares rose ~7% after news that Skydance and National Amusements had reached a tentative deal; source: the deal could be done as soon as this weekend — A deal between the two parties could potentially be completed by as early as the weekend, an individual familiar with the matter tells TheWrap
Discussion:
Seeking Alpha, Reuters, The Information and Los Angeles Times
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Wall Street Journal:
Sources: Skydance reached a preliminary deal to pay $1.75B for National Amusements and agreed to a 45-day period where other Paramount bidders can make offers — Skydance would pay $1.75 billion for National Amusements under the preliminary deal — David Ellison's production company …
Discussion:
CNBC, Bloomberg, Cord Cutters News, The Hollywood Reporter, Los Angeles Times, Broadband TV News, Variety, The Streamable, TechRadar, Sports Media Watch, The Guardian, Reuters, @xpangler, The Desk, Variety, @rfaughnder, Radio & Television …, @sherman4949, @richlightshed, @richlightshed, @sherman4949, Advanced Television, Jessica Toonkel on LinkedIn, Media Play News, New York Post, Awful Announcing, The Information, Financial Times, The Wrap, Deadline, @paulconstant.com, New York Times and Forbes
Bloomberg:
Sources: Paramount Global is in exclusive talks to sell BET for $1.6B-$1.7B to buyers that include BET CEO Scott Mills and Chinh Chu, who runs CC Capital
Discussion:
Stereogum, Fortune, @reigncoates, Vibe, @mattbelloni, Fast Company, IndieWire, New York Post, The Wrap, The Desk, Variety, The Streamable, Axios, Cord Cutters News, The Hollywood Reporter, New York Times and Forbes
The Guardian:
The Murdoch-owned Sun in the UK abruptly switches political allegiance, endorsing the Labour Party ahead of the July 4 election — After years of critical coverage, tabloid backs Labour for first election since 2005, saying: ‘It is time for a change’ — The Sun newspaper has made an abrupt volte-face …
Discussion:
The Sun, @johnbuckley_, @janemartinson, @leohickman, @thesun, @gmhales, @garethharding, Financial Times, Boing Boing and New Yorker
Casey Newton / Platformer:
Q&A with Adam Mosseri on Threads' first year, not leaning into political content, driving engagement, focusing on real time content, fediverse, and more — Programming note: With this post, we now go on a short summer break. See you back here July 15. — A year ago this week, Meta introduced Threads to the world.
Discussion:
Engadget, The Information, TechRadar, @willoremus@threads.net, @mosseri@threads.net, @ricmac@mastodon.social, @kurtwag8@threads.net, @J_aa_p@mastodon.social, @crumbler@threads.net, @rolle@mementomori.social, Bloomberg, @drewharwell@threads.net, Fast Company and @tchambers@indieweb.social, more at Techmeme »
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Alex Heath / The Verge:
Mark Zuckerberg says Threads has 175M+ MAUs, up from 150M in April, ahead of its one-year anniversary on July 5; source: Meta may turn on ads in Threads in 2025 — A year and a half ago, Threads was but a twinkle in Mark Zuckerberg's eye. — Now, the rival to Elon Musk's X has reached …
Discussion:
@zuck@threads.net, MediaPost, 9to5Mac, PhoneArena, @alexheath@threads.net, @mattnavarra@threads.net, @technicallymims@threads.net, @documentingmeta@threads.net, Garbage Day, Neowin, MobileSyrup, @walthickey, @benedictevans@threads.net, Washington Post, @kevinrothrock@infosec …, @carnage4life@threads.net, Android Headlines, Axios, @maxwelltani, @willoremus, Reuters, The Information and TechCrunch, more at Techmeme »
BBC:
Investigation: a fake news network tied to an ex-Florida sheriff, now in Moscow, appears to be targeting US and UK voters; some Congress members shared posts — A network of Russia-based websites masquerading as local American newspapers is pumping out fake stories as part of an AI-powered operation …
Hadas Gold / CNN:
Some WH reporters say Biden's mental fitness could have been better covered before the debate, particularly after the release of Robert Hur's report in February — President Joe Biden's White House repeatedly and aggressively shot down reports on the president's age and any possible limitations …
Rodney Ho / Atlanta Journal-Constitution:
Local news outlet Decaturish is sold to family-owned Appen Media, which runs weekly papers in the northern Atlanta suburbs; founder Dan Whisenhunt will remain — Whisenhunt felt he had three options: close, borrow money to grow or sell to a bigger company.
Discussion:
Atlanta Business Journal, @alexip718, @decaturish, Decaturish, @decaturish, @davempayne, @decaturish and @decaturish
The Narwhal:
Leaked recording: a TC Energy executive claims its communications team “packaged” a February 2024 WSJ editorial blasting Biden's natural gas policy — A TC Energy exec claimed credit for an article signed by the Journal's editorial board, saying 'Our communications team packaged …
Discussion:
@emmamci, @trilliumflowers, @fatimabsyed and @trilliumflowers
Dan Gillmor:
Journalists need to reject formulas that have made them ineffective, like presenting “both sides”, after the SCOTUS ruling giving presidents unrestricted power — This is the first in a series of posts. — Dear journalists: This is your moment.
Discussion:
Semafor, @karlauerbach@sfba.social, @fheinderyckx@mastodon.social, New York Post, @androcat@toot.cat, @WarnerCrocker@mastodon.social, @mkb@mastodon.social, @dangillmor@mastodon.social, @BruceMirken@mas.to, @dkiesow@threads.net, Melanie Sill on LinkedIn, Melanie Sill on LinkedIn, Fox News, @tofugolem@mastodon.social, @dangillmor@mastodon.social and @melaniesill@mastodon.social
Dominic Ponsford / Press Gazette:
Brad Stone, editor of Bloomberg Businessweek, which moved to monthly circulation, says print may make a comeback as readers want “distraction-free luxury” — Editor of Businessweek Brad Stone said he believes print journalism could make a comeback as the 95-year-old title moved from weekly to monthly circulation this week.
Discussion:
Talking Biz News
Andrea Hsu / NPR:
A federal court in Texas temporarily blocks the US government's ban on noncompete agreements that was set to take effect September 4 — A federal court in Texas has partially blocked the government's ban on noncompete agreements that was set to take effect September 4.
Discussion:
CNN, LAW.com, The Hill, Washington Post, New York Times, @metalawman, @josephvconiglio, Fair Competition Law, @matthewstoller, @brianros1, @josheidelson, @leehepner, @halsinger, @douglaslfarrar, @thesbpc, @sandeepvaheesan, @danielahanley, @revolvingdoordc, @m_ohlhausen, @leehepner, Ryan, PYMNTS.com, National Law Review, @moreperfectus, @gushurwitz, @khushitavasant, @rbreich, @brian_callaci, @terrigerstein, @econ_marshall, @daveyseligman, @josephpatrice, @ddayen, The Verge, Public Knowledge, Bloomberg Law, Reuters, @carnage4life@mas.to and @mattschett, more at Techmeme »
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