Top News:
Wall Street Journal:
Sources: former Warner Music CEO Edgar Bronfman Jr. has submitted a $4.3B offer for National Amusements and a minority stake in Paramount Global — Bronfman is looking to scuttle a previous agreement to merge Paramount with David Ellison's Skydance Media — Media executive Edgar Bronfman Jr …
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Sara Fischer / Axios:
Source: Edgar Bronfman Jr. has raised $5.5B for a bid for National Amusements, and plans to submit a bid higher than his initial $4.3B offer in the coming days — - It would also draw out an already long and complicated sale process for Paramount. … - Paramount's special committee is expected to review the bid on Wednesday.
Discussion:
The Media Leader, The Hill, @sarafischer, Reuters and The Desk
Daniel Tencer / Music Business Worldwide:
The AGs of 10 states join the US DOJ's antitrust lawsuit seeking to break up Live Nation and Ticketmaster; 39 states, plus DC, are now part of the lawsuit — The attorneys general of 10 states have joined the US Department of Justice (DoJ)'s antitrust lawsuit seeking to break off Live Nation …
Discussion:
TechCrunch, US Department of Justice, CMU, Music Ally, WOWT-TV, NOLA.com, KTIV-TV, KOB.com, The Verge, @justiceatr, @baddcompani, @pgunigantiat, @tessaduvall, @paulhammelne, Quartz, @yahoofinance, @future_of_music, @edbott.com, @agtennessee, Tennessee State Government, 9to5Mac, @newyorkstateag, @moetkacik, Billboard, Rolling Stone and Reuters, more at Techmeme »
Omar Oakes / The Media Leader:
Paramount says it will rebrand the UK's Channel 5 as just “5” and no longer merge My5 with Pluto TV, as part of plans to relaunch under one name by April 2025 — Paramount is rebranding Channel 5 to just 5 as part of plans to relaunch the public-service broadcaster across linear …
Discussion:
The Desk, Metro.co.uk, Advanced Television, @sphilsmith, Broadband TV News, @scottygb, Cord Busters, @thesimonc90, Deadline, Broadcast, WORLD SCREEN and TVNewsCheck
Stephania Taladrid / New Yorker:
An interview with Univision's Jorge Ramos on his start at Univision, his evolving philosophy of interviewing, how his audience has changed, and more — The legendary newscaster on how the U.S. has changed—and how it has changed him. — For decades, his voice was omnipresent in Latino households.
Discussion:
New York Daily News and @jorgeramosnews
Max Tani / @maxwelltani:
Memo: Time CEO announces that the company is laying off 22 employees across several departments, including editorial, citing decreased ad budgets and more — In a memo to staff, Time magazine CEO Jess Sibley announces that the company is laying off 22 staff. Says the business is still struggling due to decreased ad budgets, drastic shifts in consumer behavior, changes to search and social algorithms, and overall economic uncertainty. [image]
Discussion:
@tvgrimreaper, @jmrivera02, @rafat, @charlesarthur and The Hollywood Reporter
CNN:
Disney says a wrongful death lawsuit can now proceed to court, after initially arguing that the widower's Disney+ trial contract prohibited him from suing — Disney has reversed course on a wrongful death lawsuit brought by the widower of a woman who died after eating at a resort restaurant, saying the matter can now proceed to court.
Radhika Anilkumar / Reuters:
The UK CMA accepts Meta's changes to its ad rules to ensure Marketplace advertisers' data is not used to improve Marketplace, without having to opt in or out — Britain's competition watchdog said on Tuesday it has accepted Meta's (META.O) proposed changes to the way it uses the data …
Discussion:
GOV.UK and @cmagovuk, more at Techmeme »
Amanda Meade / The Guardian:
Up to 85 employees from outlets including the Sydney Morning Herald, the Age, and the AFR have taken voluntary redundancy after Nine announced a cut of 200 jobs — Up to 85 staff take a voluntary redundancy after Nine newspapers announced it was cutting 200 jobs
Discussion:
@gingergorman, @earleyedition and Crikey
Dominic Patten / Deadline:
A New York judge allows Julia Ormond's lawsuit against Disney, CAA, and Miramax over an alleged 1995 sexual assault by Harvey Weinstein to move forward — “Upon the foregoing documents, and oral argument having been held before the court on May 20, 2024, it is ordered that the motions …
Todd Spangler / Variety:
Alex Cooper reaches a multiyear agreement with SiriusXM, replacing Spotify; source: the deal is for a little more than 3 years and is worth as much as $125M — Alex Cooper, host of the popular “Call Her Daddy” podcast, reached a multiyear agreement with SiriusXM that encompasses exclusive programming …
Discussion:
Bloomberg, The Wrap, Sirius XM Holdings Inc., @maxwelltani, The Hollywood Reporter, Deadline and Barrett Media
Aditya Kalra / Reuters:
Sources: India's antitrust body reaches an initial assessment that the $8.5B merger of Reliance and Disney harms competition due to their cricket rights — India's antitrust body has reached an initial assessment that the $8.5 billion India merger of Reliance and Walt Disney media assets …
Discussion:
Variety
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