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5:45 AM ET, August 22, 2024

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 Top News: 
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.
RELATED:
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 …
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 …
Lauren Irwin / The Hill:
Judy Woodruff apologizes for saying she had read reports that Trump urged Israel's PM not to cut a deal to end fighting in Gaza because it would help Harris  —  PBS NewsHour senior correspondent Judy Woodruff issued an apology Wednesday after her comments about former President Trump's role in Gaza cease-fire talks sparked criticism.
Politico:
Google and California strike a deal to jointly contribute $125M+ over five years to support local news; the deal also includes support for an AI project  —  The California agreement includes funding for artificial intelligence, a technology many journalists fear could replace their jobs.
RELATED:
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 …
Bilge Ebiri / Vulture:
Lionsgate recalls its trailer for Francis Ford Coppola's Megalopolis that used fake quotes from multiple critics, and apologizes “for this inexcusable error”  —  Since this story published, Lionsgate has taken the trailer down and issued an apology: “Lionsgate is immediately recalling our trailer for Megalopolis.
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
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.
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.
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 …
 
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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
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
 Earlier Picks: 
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
 

 
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 685B total parameters, with 37B activated per token, claiming it outperforms top open-source models
 
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