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 …
RELATED:
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, 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, Advanced Television, WORLD SCREEN, Metro.co.uk, @sphilsmith, Broadband TV News, @scottygb, Cord Busters, @thesimonc90, Deadline, Broadcast 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
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:
@cmagovuk and GOV.UK, more at Techmeme »
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.
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 and @charlesarthur
Mike Barnes / The Hollywood Reporter:
Phil Donahue, a pioneering talk show host whose novel issue-oriented show lasted 29 years, dies at the age of 88 — The 11-time Daytime Emmy winner presided over his program for 29 years and forged a path for Oprah Winfrey and others to follow. — Phil Donahue, the talk show innovator …
Discussion:
TODAY.com, Oprah on Instagram, TVLine, Variety, New York Times, New York Times, @david_moscrop, @michaelshure, @claycane, @adweek, @playerinthgame, Wall Street Journal, @todayshow, @flaxenbeauty, Esquire, @sagaftra, @michaelscherer, @bethwillon, Adweek, @1stforall, The Guardian, Rolling Stone, HuffPost, The Daily Beast, TVLine, Rolling Stone, Los Angeles Times, @rachellichtman@threads.net, Plain Dealer, UPI, NPR, Deadline, Washington Post, Us Weekly, Next TV, Radio & Television …, Forbes, CBS News, Decider, The Wrap, New York Daily News, 6abc, Fox News, Black America Web, Page Six, Metro.co.uk, Business Insider, Mediaite, Barrett Media and TVNewsCheck
Ted Johnson / Deadline:
ABC News names Almin Karamehmedovic, executive producer of ABC's top rated World News Tonight, as its next president, succeeding Kim Godwin — ABC News has tapped Almin Karamehmedovic, executive producer of its top rated World News Tonight, as its next president.
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:
The Wrap, Sirius XM Holdings Inc., @maxwelltani, The Hollywood Reporter, Deadline and Barrett Media
Dade Hayes / Deadline:
Netflix says it has recorded a 150%+ YoY increase in upfront ad sales commitments, in line with the company's expectations, including deals around live events — Netflix said it has wrapped up its upfront ad negotiations, posting a 150% increase in sales commitments over 2023, in line with company expectations.
Discussion:
The Media Leader, About Netflix, Advanced Television, AdExchanger, Adweek, Variety, Reuters, The Wrap, MediaPost, Next TV, TVNewsCheck and Media Play News