Top News:
Wall Street Journal:
Memo: Mark Thompson says CNN is cutting about 100 jobs, plans to launch its first CNN.com subscription product later in 2024, but offers few details, and more — CEO Mark Thompson said it was “a logical possibility” that CNN might pursue a subscription bundle similar to what the New York Times offers.
Discussion:
CNN, Associated Press, Nieman Lab, Variety, The Verge, Deadline, The Media Mix, @mattdpearce, @heysamantha, @sfiegerman, @kevincollier, The Wrap, @iyengarish, Breitbart, Talking Biz News, Brian Steinberg on LinkedIn, @rasmus_kleis, Mediaite, @pressgazette, @alexweprin, @bristei, @brianstelter, @bristei, Hartford Courant, The Hollywood Reporter, Jeremy Moore on LinkedIn, New York Times, The Media Leader, The Information, New York Post, Reuters, MediaPost and Cord Cutters News
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Brian Steinberg / Variety:
Brian Lowry, the veteran Hollywood reporter, critic, and a contributor to CNN's Reliable Sources newsletter, is set to leave in the new round of CNN job cuts — The news outlet is cutting approximately 100 jobs as it works to boost its digital business.
Discussion:
@blowryontv, @tvmojoe, The Wrap, Talking Biz News and CNN
Andrew Marchand / New York Times:
Sources: the NBA finalizes contracts with new partners NBC and Amazon Prime Video, while maintaining ABC/ESPN for the NBA Finals; TNT could still match — The NBA and network executives finalized contracts that will make NBC and Amazon Prime Video new partners, while maintaining ABC/ESPN …
CNN:
A US jury finds Archegos Capital Management's Bill Hwang guilty of fraud for artificially inflating stocks of companies including ViacomCBS and Discovery — Bill Hwang, founder of Archegos Capital Management, was found guilty of fraud Wednesday by a Manhattan federal court after the 2021 collapse …
Discussion:
Bloomberg, Financial Times, The Hollywood Reporter, Variety, Deadline, Associated Press and New York Times
Associated Press:
Russia's government declares The Moscow Times an “undesirable organization”, meaning any Russian who cooperates with the outlet could get five years in prison — The Russian prosecutor general's office on Wednesday declared The Moscow Times, an online newspaper popular among …
Discussion:
Agence France-Presse, The Moscow Times, @bbcstever, @paige_reynolds_, @kevinrothrock, @samberkhead, @bbcstever, @macktubs, @niktwick, @hejsascha, @moscowtimes, @evahartog, @tomashirstecon, @tomashirstecon, @andrew__roth, Voice of America, European Federation …, Radio Free Europe/Radio …, Reuters and The Daily Beast
Janko Roettgers / Lowpass:
A US court grants Redbox owner Chicken Soup for the Soul Entertainment Chapter 7 bankruptcy, paving the way for shutting down Redbox and liquidating its assets — Redbox will shut down, corporate parent is being liquidated — The bankruptcy case of Redbox's corporate parent Chicken Soup …
TMZ.com:
George Stephanopoulos replies to a pedestrian on Biden, saying “I don't think he can serve four more years”; ABC says “George expressed his own point of view” — GEORGE STEPHANOPOULOS BIDEN CAN'T SERVE 4 MORE YEARS … 6:28 PM PT — George Stephanopoulos tells TMZ …
Discussion:
Poynter, New Republic, The Daily Beast, @dylanbyers, New York Times, New York Post, Raw Story, @abbydphillip, @redsteeze, @collinrugg, @tmz, @todarorichard, @waylon_wc, @themainnetwork, Slate, Los Angeles Times, The Hill, New Jersey Online, NBC News, CBS News, The Guardian, Fox News, CNN, Newser, HuffPost, Washington Post, The Wrap, Variety, Deadline, Mediaite and The Hollywood Reporter
Katie Kilkenny / The Hollywood Reporter:
The Writers Guild of America West negotiates a $3.05M settlement with CBS to compensate 24 writers on MacGyver, Seal Team, and Hawaii 5-0 for unpaid work — The union told members on Wednesday of the resolution to an arbitration claim made on behalf of ‘MacGyver,’ ‘Seal Team’ and ‘Hawaii 5-0’ scribes.
Kate Park / TechCrunch:
South Korea-based Beeble AI, which is developing virtual production services for indie filmmakers, raised $4.75M in seed funding at a valuation of $25M — Visual effects (VFX) have emerged as essential in filmmaking and have transformed storytelling and creativity in the film industry with its diverse digital techniques.
Andrew Deck / Nieman Lab:
Q&A with filmmaker Errol Morris on his 1988 The Thin Blue Line documentary, generative AI, disinformation, reenactment, his new Separated documentary, and more — “Our task is to get back to the real world, to the extent that it is recoverable.” — Errol Morris is used to being called a liar, a trickster, and a manipulator.
Reuters:
Source: Turkey is seeking an explanation from Saudi Arabia for detaining a Turkish journalist who allegedly made comments about the murder of Jamal Khashoggi — Turkey is seeking an explanation from Saudi Arabia after Saudi police detained a Turkish journalist over alleged comments …
Discussion:
Committee to Protect …
Lauren Feiner / The Verge:
How the SCOTUS NetChoice ruling on social media platforms' First Amendment rights could affect a host of tech legislation, including kids' online safety laws — Here's what the SCOTUS decision might mean for everything from kids online safety laws to the TikTok ‘ban.’
Discussion:
Wired, @lauren_feiner, @eff, ACLU and Roll Call
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