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9:15 AM ET, July 8, 2024

Mediagazer

 Top News: 
Dawn Chmielewski / Reuters:
Paramount Global and Skydance Media announce a merger of the two companies, ending months of chaotic talks; a memo says the deal is expected to close in H1 2025  —  Skydance Media and Paramount Global (PARA.O) agreed to merge, the companies announced late Sunday evening, opening a new chapter for one of Hollywood's oldest studios.
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Matt Donnelly / Variety:
A look at Skydance's vision for “New Paramount”, of which David Ellison will be the CEO: a $1.5B cash infusion to help woo creatives, a focus on tech, and more  —  Now that Shari Redstone has signed on the dotted line to sell her father's media empire to Skydance and RedBird Capital, what future awaits?
Reuters:
Memo: Paramount's co-CEOs say Paramount will continue reducing the size of its workforce and look to divest some of its assets until the Skydance deal closes  —  Paramount Global (PARA.O) will continue reducing the size of its workforce until its merger with Skydance Media closes …
Discussion: Deadline
Todd Spangler / Variety:
Memo: Shari Redstone says Skydance “have a clear strategic vision for the future”; Paramount co-CEOs say “it's business as usual” until the deal closes in 2025  —  Cheeks, McCarthy and Robbins say they will continue carrying out their restructuring plan, including layoffs and asset sales
Calum Jaspan / Sydney Morning Herald:
Memo: Nine's Pedestrian Group restructures as CEO departs, staff faces cuts, and licensing deals to publish Vice, Gizmodo, Kotaku, others in Australia get axed  —  The chief executive of Nine-owned Pedestrian Group, Matt Rowley, will leave the youth publisher as part of a major restructure …
Michael D. Shear / New York Times:
Biden aides provided questions for radio interviews on The Source on Philadelphia's WURD, on July 3, and The Earl Ingram Show on Wisconsin's WAUK, on July 4  —  The host of “The Source” on WURD in Philadelphia said officials provided her with a list of eight questions to choose from.
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Gillian McGoldrick / The Philadelphia Inquirer:
WURD says Biden's interview, with questions provided by his aides, was conducted without management knowledge and is parting ways with Andrea Lawful-Sanders
Bron Maher / Press Gazette:
BBC News promotes Deputy CEO Jonathan Munro to the newly-created role of global director, overseeing BBC Monitoring and the World Service from September 2024  —  BBC News director of journalism and deputy CEO Jonathan Munro has been promoted to global director.
Leila Abboud / Financial Times:
A profile of French TV presenter Cyril Hanouna, who has played an important role in boosting billionaire Vincent Bolloré's Fox News-like media empire in France  —  Cyril Hanouna is a key player in Vincent Bolloré's Fox News-like media empire  —  One way to understand …
Discussion: Crikey
Ashley Belanger / Ars Technica:
As Glaze, a free tool to help artists prevent AI from copying their style, sees an “explosion in demand”, researchers say its protections can be bypassed  —  Artists must wait weeks for Glaze defense against AI scraping amid TOS updates.  —  For many artists, it's a precarious time to post art online.
Jef Feeley / Bloomberg:
Discovery investors reach a $125M settlement over claims that company insiders reaped improper benefits worth $1B+ in its $43B merger with WarnerMedia  —  - Settlement involves payment by Advance/Newhouse partnerships  — Merger created one of world's largest entertainment companies
Discussion: Deadline
Ben Church / CNN:
A look at concerns about Saudi Arabia “sportswashing”, as the country hosts the Esports World Cup; Saudi Arabia's PIF owns some of the biggest gaming companies  —  In the heart of Saudi Arabia's capital, a seismic moment for esports is underway; one which has triggered both excitement and concern across the industry.
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 More News: 
Mario Koran / New York Times:
A reporter describes how college journalism classes helped him go from being in jail to becoming a NYT Local Investigations Fellow and Wisconsin Watch reporter
Li Yuan / New York Times:
How xenophobic content on Chinese social media, directed towards Japan, the US, Jews, and others, became the subject of a debate and spreads despite censorship
Shubham Sharma / VentureBeat:
ElevenLabs launches Voice Isolator, a freemium AI tool for removing background noise from audio files for film, podcast, and interview post production
Cynthia Littleton / Variety:
At the half-year mark, Hollywood media giants have had double-digit stock price declines, except Disney and Fox, and will likely stay underwater in 2024
 Earlier Picks: 
Scott Roxborough / The Hollywood Reporter:
Germany's government pledges to add a 30% film/TV production tax incentive, effective as early as January 2025; Australia raised its rebate to 30% on July 1
Taylor Lorenz / Washington Post:
A look at Meta's struggles to attract influencers to Threads, due to the platform's focus on text and its lack of a clear purpose for users
Daniel Tilles / Notes From Poland:
Polish state broadcaster deletes an article that said PM Donald Tusk made “misleading” accusations, supporting claims that Tusk hasn't depoliticized the outlet
 

 
From Techmeme:

Mark Gurman / Bloomberg:
Sources: Apple is working on a smart doorbell system with advanced facial recognition that can wirelessly connect and unlock third-party smart locks

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Kevin Roose / New York Times:
A look at Amazon's revamped drone delivery program near Phoenix, Arizona, where the company's new MK-30 drones deliver dozens of packages a day to customers
 
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