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 …
Discussion:
The Wrap, New York Post, Front Office Sports, New York Times, Reuters, Ad Age, The Streamable, Lauren Thomas on LinkedIn, Los Angeles Times, The Guardian, Media Play News, Quartz, The Media Leader, Jessica Toonkel on LinkedIn, Music Business Worldwide, Deadline, Variety, The Hollywood Reporter, @jeffjarvis@mastodon.social, Associated Press and Next TV
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The Wrap:
Document: Edgar Bronfman Jr.'s Paramount bid is backed by a group of 19 investors including Fortress, Brock Pierce, and producer Steven Paul — Kazakh investor Nurali Aliyev joins Fortress and producer Steven Paul in the last minute $4.3 billion bid — Cryptocurrency mogul Brock Pierce …
Discussion:
TVNewsCheck
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
Discussion:
Reuters, AV Club, Gordon Geist on LinkedIn, Financial Times, Deadline, @sarafischer, The Hill, The Desk and The Wrap
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:
US Department of Justice, Fast Company, The Hill, TechCrunch, KOB.com, @justiceatr, @baddcompani, NOLA.com, @pgunigantiat, @tessaduvall, @paulhammelne, @yahoofinance, @future_of_music, @edbott.com, KTIV-TV, @agtennessee, Tennessee State Government, Music Ally, 9to5Mac, WOWT-TV, @newyorkstateag, @moetkacik, The Verge, Quartz, Billboard, Rolling Stone and Reuters, more at Techmeme »
Kate Knibbs / Wired:
Condé Nast makes a multiyear deal with OpenAI, letting ChatGPT and SearchGPT surface stories from The New Yorker, Vogue, Vanity Fair, Bon Appetit, and Wired — The media company joins The Atlantic, Axel Springer, Vox Media, and a host of other publishers who have partnered with OpenAI.
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, @sphilsmith, Broadband TV News, @scottygb, Cord Busters, Advanced Television, @thesimonc90, Metro.co.uk, Broadcast, Deadline, WORLD SCREEN and TVNewsCheck
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 …
Daniel Wiessner / Reuters:
A US district judge in Texas strikes down the FTC's ban on worker noncompete agreements, due to start September 4, after her temporary block of the rule in July — A federal judge in Texas on Tuesday barred a U.S. Federal Trade Commission rule from taking effect that would ban agreements commonly signed …
Blake Brittain / Reuters:
Writers and journalists Andrea Bartz, Charles Graeber, and Kirk Wallace Johnson sue Anthropic, saying it misused their books and others' to train Claude — Artificial intelligence company Anthropic has been hit with a class-action lawsuit in California federal court by three authors …
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:
Axios, 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
Hoda Sherif / The Nation:
Four journalists discuss how their reporting on Gaza was restricted, bias in newsrooms they worked in, and how being Palestinian impacted their work — There is often a high price to be paid when journalists try to tell Palestinian stories. — Pocket — In the heart of Gaza's ruins …
Discussion:
@sahar_fatima and @jackmirkinson
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 and Aditya Kalra on LinkedIn
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