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7:50 PM ET, August 6, 2024

Mediagazer

 Top News: 
Benjamin Mullin / New York Times:
Red Ventures sells CNET, an early pioneer of online tech coverage, to Ziff Davis, which owns Mashable, PC Mag, Lifehacker, and others, a source says for $100M+  —  Ziff Davis is acquiring CNET for more than $100 million.  Its chief executive thinks more acquisitions are on the horizon.
Brian Steinberg / Variety:
Charles Barkley, a mainstay of TNT's Inside the NBA, reverses plans to retire and says he will keep working with WBD, which is fighting to keep NBA media rights  —  Charles Barkley says he isn't getting out of Warner Bros. Discovery's sports game.  —  The roundball great …
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Wall Street Journal:
Sources: the NBA's deal with Amazon has several provisions that WBD can't match, including promotion of the NBA during Amazon's NFL streaming telecasts  —  League's media deal with tech giant included provisions Warner couldn't match, setting stage for legal fight
Discussion: Sports Media Watch and USA Today
Sara Fischer / Axios:
X sues the World Federation of Advertisers, GARM, and GARM members CVS Health, Mars, Orsted, and Unilever over what Linda Yaccarino calls an “illegal boycott”  —  Members include major tech companies, advertisers, agencies, ad tech firms and advertising coalitions.
Next TV:
Future plans to end Broadcasting & Cable, Multichannel News, and NextTV in print and as newsletters, replacing them with one newsletter and revamping NextTV.com  —  By B+C Staff( Broadcasting & Cable ) published  —  Charlie Weiss will take on chairman role for B+C Hall of Fame, with Bill McGorry moving into chairman emeritus role
Katie Robertson / New York Times:
Internal memo: Axios CEO Jim VandeHei says the company is laying off about 50 employees, or ~10% of the company, due to “changes in the media business”  —  Jim VandeHei, the company's chief executive, said in an email that the cuts were necessary to adapt to “changes in the media business.”
Joe Lucia / Awful Announcing:
Fubo's CEO blasts Venu, the Disney/Fox/WBD sports JV, saying it gives them control of 80% of the premium market and curbs competition, as he seeks an injunction  —  The new Fubo logo.  —  Fubo's earnings call was on Tuesday.  Unsurprisingly, CEO David Gandler used part of his opening remarks …
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Etan Vlessing / The Hollywood Reporter:
FuboTV reports Q2 North America revenue up 26% YoY to $383M vs. $368M est., North America paid subscribers up 24% to 1.45M, rest of world revenue up 2% to $8.3M
Justine Fisher / CNBC:
Starting October 17, Disney will raise the cost of most plans for Disney+, Hulu, and ESPN+ by $1 to $2 more per month, as it pushes customers to bundles  —  Disney is raising prices on its streaming platforms.  —  Starting mid-October, most plans for Disney+, Hulu and ESPN+ will cost $1 …
Lauren Forristal / TechCrunch:
Amazon Music debuts Maestro, an AI-powered playlist generator, and Topics, which helps users find podcast episodes by topic and is powered by both AI and humans  —  Amazon Music announced Tuesday the launch of its new AI-powered feature, “Topics,” which allows users to explore podcast episodes …
Jake Offenhartz / Associated Press:
The NYPD arrests independent videographer Sam Seligson on felony hate crime charges after he documented a pro-Palestinian protest in June  —  A New York City journalist was arrested on felony hate crime charges Tuesday after filming a pro-Palestinian protest earlier this summer …
Sara Fischer / Axios:
ProRata, which aims to attribute and share AI chatbot subscription revenue with content owners, raised a $25M Series A and inks deals with major media companies  —  A handful of major news and music companies have agreed to license their content to ProRata.ai, a generative AI startup that claims …
 
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 More News: 
Reuters:
ByteDance debuts AI text-to-video app Jimeng AI on iOS in China, after its July 31 Android release; China's Kuaishou released Kling AI in beta globally in July
Kathryn Lundstrom / Adweek:
Uber says its Advertising annual revenue run-rate passed $1B in Q2, up from $650M+ in Q2 2023; Uber began selling in-app Journey Ads programmatically in June
Chris Welch / The Verge:
Google unveils the $100 Google TV Streamer, with better performance than Chromecast with Google TV, Thread and Matter support, and more, shipping September 24
Lili Bayer / The Guardian:
Critics say Hungary's new sovereignty protection office, set up to monitor foreign influence, has been targeting independent journalism and watchdog groups
 Earlier Picks: 
Amy Seal / Press Gazette:
A look at three independent London local news outlets: Enfield Dispatch, Havering Daily, City Matters; the free Enfield Dispatch has a print distribution of 15K
Financial Times:
Sources: WBD looks to avoid breaking up the company by offloading smaller assets, such as selling Polish broadcaster TVN or a stake in WBD's gaming business
Andrew Bucholtz / Awful Announcing:
FAST channels NEWSnet and SportsNewsHighlights, owned by Manoj Bhargava's Bridge Media, abruptly shuts down, resulting in the layoffs of 80 employees
Lauren Feiner / The Verge:
A US federal judge rules Google has a monopoly in “general search text advertising” and Google's exclusive agreements enabled it to raise prices on that product
Charlie Nash / Mediaite:
Jennifer Jacobs, the Bloomberg News reporter fired for allegedly breaking Russian prisoner swap story embargo, suggests she didn't decide to publish prematurely