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8:26 PM ET, August 21, 2024

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 Top News: 
Wall Street Journal:
Sources: Edgar Bronfman Jr. raises his Paramount bid to $6B, adding $1.7B to let non-Redstone, nonvoting Paramount shareholders cash out at $16 a share  —  The bid gives non-Redstone, nonvoting Paramount shareholders an option to sell shares at a premium  —  Edgar Bronfman Jr. has sweetened …
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New York Times:
Sources: Paramount extends its deadline for sales talks until early September to evaluate Edgar Bronfman Jr.'s new bid, which could shake up the Skydance deal  —  Edgar Bronfman Jr. and his bidding group now have until September to sell Paramount on their offer.
Peter White / Deadline:
Sources: Chick-Fil-A plans to launch a slate of original media productions for its own streaming platform and has worked with studios on family-friendly shows  —  Deadline understands that the fast-food firm has been working with a number of major production companies, including some of the studios …
Politico:
Google and the state of California strike a deal to jointly contribute $125M+ over five years to support local news; it also includes support for an AI project  —  The California agreement includes funding for artificial intelligence, a technology many journalists fear could replace their jobs.
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Editor and Publisher:
A draft plan circulating among California lawmakers and media leaders would create a Local News Fund with Google and state money, run by a board at UC Berkeley
Alex Weprin / The Hollywood Reporter:
Rotten Tomatoes debuts a Verified Hot badge for films that have a Verified Audience Score of 90% or higher, among other requirements  —  Movies that are ‘Verified Hot’ by filmgoers will join those that are ‘Certified Fresh’ from critics, in a move meant to give more weight to consumer opinions …
Tommy Craggs / Bloomberg:
How the end of a federal ban on sports gambling transformed the way sports media is funded and changed what kind of stories get covered and published  —  The $10 billion industry transformed how sports media is funded—and written.  —  Few journalists embody the gambling industry's capture …
Naomi LaChance / Rolling Stone:
Fact checkers' reviews of Democrats' statements about Trump have routinely botched the facts, earning one correction so far and an X Community Note  —  Fact checkers' reviews of DNC speeches about Trump have routinely botched the facts — earning one correction so far and a community note on X
Naman Ramachandran / Variety:
Ormax Media estimates that India currently has 547M streaming users, or 38% of the population, up 14% YoY and driven by ad-supported streaming  —  The latest edition of Ormax Media's streaming audience research reveals significant growth in India's streaming landscape, albeit driven entirely by ad-supported viewership.
New York Times:
The FBI has raided the homes of two US commentators for Russian state media in an effort to blunt foreign influence on elections; more searches are expected  —  The F.B.I. raided the homes of two prominent commentators on Russian state television channels as part of an effort to blunt attempts to influence November's election.
Georg Szalai / The Hollywood Reporter:
Paramount and Canal+ unveil an updated deal under which Canal+ subscribers in France get Paramount+ at no additional cost  —  Under the updated deal, Canal+ subscribers can access Paramount+ at no additional cost, no matter which subscription plan they have.
Todd Spangler / Variety:
Disney's board names James Gorman, executive chairman of Morgan Stanley, as chair of a succession planning committee to identify Bob Iger's replacement as CEO  —  Gorman, who joined the Disney board earlier this year, oversaw the recent succession process at Morgan Stanley, where he had previously served as the firm's CEO.
 
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 More News: 
Salman Masood / New York Times:
Pakistan police charge a man who worked for news aggregator Channel3Now with cyberterrorism, accusing him of spreading misinfo about the Southport, UK, attacker
Bron Maher / Press Gazette:
The UK's Evening Standard tells staff it will move to a weekly print publishing schedule, starting on Thursday, September 26, and rebrand as The London Standard
Tabitha Mueller / The Nevada Independent:
WBD commits $500M+ annually for productions in Nevada over 17 years as part of a UNLV film studio partnership, if the state expands its film tax credits in 2025
 Earlier Picks: 
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
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 temporarily blocking the rule in July
Kate Knibbs / Wired:
Condé Nast agrees a multiyear deal with OpenAI, letting ChatGPT and SearchGPT surface stories from The New Yorker, Vogue, Vanity Fair, Bon Appetit, and Wired
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
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
 

 
From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November
 
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