Top News:
Ashley Belanger / Ars Technica:
A House committee report claims the Global Alliance for Responsible Media colluded to cut Twitter revenue after Musk's acquisition; GARM guidance is non-binding — Congress accused advertisers group of colluding to tank X's revenue. — After the House of Representatives Committee …
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Kurt Wagner / Bloomberg:
After X hyped shows with Paris Hilton, Tucker Carlson, and others in January 2024, the deals have fizzled, a source says due to a lack of advertiser interest — X is having a tough time cracking into the TV business, but first... Promises, promises — Six months ago, executives …
Financial Times:
Sources: Axel Springer CEO Mathias Döpfner and KKR are in talks to break Axel Springer in two, separating media assets from its digital classifieds business — Deal would separate group's media assets from its digital classifieds operation — German billionaire Mathias Döpfner …
Discussion:
Axios, Reuters, Bloomberg, Reuters, @froomkin, @semaforben and The Information
Journal Sentinel:
Civic Media says its decision to make two pre-broadcast edits to a Biden interview on Earl Ingram's WAUK show fell short of “journalistic interview standards” — Jessie Opoien Molly BeckMilwaukee Journal Sentinel — MADISON — Civic Media, a Wisconsin-based progressive talk-radio network …
Discussion:
Fox News, Civic Media, Mediaite, Poynter, Newser, @corbinbolies, @grynbaum, @peterbakernyt, KNSD-TV, Breitbart, Inside Radio, New York Times, The Wrap, New York Post, CNN, The Daily Beast, Deadline and @toussaint@newsie.social
Cecilia D'Anastasio / Bloomberg:
Saudi Arabia will host the inaugural Olympic Esports Games in 2025, as part of a newly announced 12-year partnership with the Olympic Committee — Saudi Arabia will host the inaugural Olympic Esports Games in 2025 under an agreement announced Friday by the International Olympic Committee and the kingdom.
Discussion:
Engadget, Olympics.com and Deadline
Nilay Patel / The Verge:
Q&A with Nick Thompson, CEO of The Atlantic and former EIC of Wired, on the magazine's two-year OpenAI deal, AI lawsuits, the future of search, and more — CEO Nicholas Thompson discusses the deal: 'AI is coming. It is coming quickly. We want to be part of whatever transition happens.'
Discussion:
MediaPost and @fionabradley@fediscience.org
Mia Sato / The Verge:
How Ben Faw, co-founder of BestReviews and Advon, allegedly led a scheme to add affiliate links to product reviews that benefited companies Faw had a role in — The man behind the AI gaffes at Sports Illustrated and USA Today has a yearslong history of filling the internet with garbage.
Discussion:
@miarsato, @dannygroner, @daisandconfused and @miarsato
Phil Lewis / What I'm Reading:
CNN says it has integrated its Race and Equality team of reporters in other areas across its platforms, instead of the team existing in an “organizational silo” — The news comes as CNN leader Mark Thompson announced that the cable news channel will lay off 100 employees as it restructures its newsgathering operations.
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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
Discussion:
@b_fung, CNN, @farhip, @simondowens@threads.net, @heysamantha, Adweek, Media Nation, Broadband TV News, @mattdpearce, @kevincollier, @sfiegerman, @iyengarish, Associated Press, Nieman Lab, Media Voices, @rasmus_kleis, @pressgazette, @alexweprin, @bristei, @brianstelter, @bristei, Breitbart, The Verge, The Wrap, Talking Biz News, The Media Mix, Brian Steinberg on LinkedIn, Mediaite, Deadline, MediaPost, Variety, Jeremy Moore on LinkedIn, The Media Mix, Hartford Courant, Variety, New York Times, Reuters, The Media Leader, The Information, New York Post, Cord Cutters News and The Hollywood Reporter
Anne Steele / Wall Street Journal:
Sources: comedian Dax Shepard signs an $80M podcasting deal with Amazon, shifting his Armchair Expert show to Amazon's Wondery service from Spotify — New deal includes video episodes, gives Amazon's Wondery exclusive distribution and ad-sales rights — Comedian Dax Shepard has signed …
Discussion:
The Hollywood Reporter, @kerrymflynn, Inside Radio, The Wrap, Deadline, Chris Peterson on LinkedIn, Variety and RAIN News
Wes Davis / The Verge:
YouTube announces new Shorts features, including TikTok-like text-to-speech video narration, in-app auto-generated captions, and a set of Minecraft effects — YouTube has announced a set of new features for YouTube Shorts, some of which are available now, like a new text-to-speech video narration …
Discussion:
Music Ally, WinBuzzer, @sarahpereztc, @edwardchampion@mastodon …, TechCrunch and Engadget
The Wrap:
The LAist Union says the nonprofit newsroom lost at least 21 staffers to layoffs and buyouts this week; LAist announced a voluntary buyout program in May — The nonprofit newsroom announced its intended buyouts in May, citing mounting expenses and declining revenue
Discussion:
@hexpositive, @caitlinherdez, @mybackyardpara1, @laistunion, @rainey_l, @hearinladotcom, @busblog, @hearinladotcom and Press Gazette
Ashley Carman / Bloomberg:
Audible proposes a new royalties model where Audible pays publishers and authors from a pool of revenue to be divided up among titles users listen to each month — The Amazon subsidiary wants the industry to make more audiobooks available for bottomless consumption — Hello, and welcome back to Soundbite.
Discussion:
The Wrap and Audible.com
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