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7:50 AM ET, August 21, 2024

Mediagazer

 Top News: 
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.
RELATED:
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 and Deadline
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  —  Following years of legislative work, a draft deal between Google, Gov. Gavin Newsom and Assemblymember Buffy Wicks …
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  —  The media company joins The Atlantic, Axel Springer, Vox Media, and a host of other publishers who have partnered with OpenAI.
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 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 …
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 …
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.
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 …
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 …
Dan Sullivan / Tampa Bay Times:
Bala Sundaramoorthy, ex-GM of The Atlanta Journal-Constitution, will become president and COO of Tampa Bay Times' parent on October 1, succeeding Joe DeLuca  —  Bala Sundaramoorthy, former general manager of the Atlanta Journal-Constitution, will serve as the company's president and chief operating officer.
 
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 More News: 
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
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
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
 Earlier Picks: 
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
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
 

 
From Techmeme:

Stephanie Palazzolo / The Information:
An undisclosed 2023 agreement between Microsoft and OpenAI defines achieving AGI as the point when OpenAI develops AI systems that generate $100B+ in profits

Noah Smith / Noahpinion:
How H-1B workers from India and other countries help the US remain dominant in tech, as some on the new “Tech Right” discover MAGA's racial-nationalist bigotry

Shubham Sharma / VentureBeat:
DeepSeek unveils DeepSeek-V3, a mixture-of-experts model of 671B total parameters, with 37B activated per token, claiming it outperforms top open-source models
 
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