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10:35 AM ET, August 23, 2024

Mediagazer

 Top News: 
Wall Street Journal:
In a letter, Skydance lawyers accuse Paramount's special committee of breaching its terms with Skydance by extending the time it can talk with other bidders  —  In a letter from its lawyers, Skydance accuses Paramount's committee of directors of violating the terms of its deal
RELATED:
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
Nilay Patel / The Verge:
Q&A with Ben Collins, CEO of The Onion, and Danielle Strle, chief product officer, on how they bought the outlet, why they're making a print version, and more  —  The new owners of the satire site rescued it from content farm hell.  Now, they're relaunching its newspaper.
Liam Reilly / CNN:
Unions and some state senators criticize Google's plan for a California local news fund, which stalled bills that would have forced Big Tech to fund journalists  —  New York CNN —  —  Google struck a first-in-the-nation deal with California lawmakers on Wednesday to fund newsrooms …
Hayden Field / CNBC:
In a pitch deck, AI search engine Perplexity told advertisers it plans to start running ads in Q4; a source says Perplexity's CPM prices will be $50+  —  Perplexity AI, the artificial intelligence startup that's been embroiled in controversy due to accusations of plagiarizing content from media outlets …
Colin Mann / Advanced Television:
Liberty Media announces plans to sell F1 shares worth $825M to partially fund its 86% stake in Dorna Sports, the MotoGP commercial rights holder valued at $4.2B  —  Liberty Media has revealed plans to sell F1 shares worth $825 million (€742m) in order to ‘partially fund’ its planned acquisition of MotoGP.
Ashley Carman / Bloomberg:
A look at the fading dominance of Apple Podcasts, as a study of 603 weekly podcast consumers finds 31% use YouTube, followed by Spotify at 21%, and Apple at 12%  —  Hello!  Welcome back to Soundbite.  Today we're looking at the fading dominance of Apple Podcasts.
Aisha Counts / Bloomberg:
Reddit is winning over advertisers with interest-based targeting via subreddits, instead of personal data; analysis: Reddit's ad revenue to reach $1.1B+ in 2024  —  Without as much personal information, Reddit lures marketers by touting interests and conversations
Pete Brown / Columbia Journalism Review:
Star Spangled Media, behind websites posing as news outlets, such as The Morning Mirror, appears to have close ties to pro-Democratic super PAC Forward Majority  —  A quasi-local news site whose operators sought a news media exception to dodge campaign finance regulators has emerged as a vehicle …
Lacey Rose / The Hollywood Reporter:
Study: women accounted for 23% of creators working on original programs on TV and streaming in the US in 2023-24, down from 26% in 2022-23 and 30% in 2021-22  —  The latest “Boxed In” report, now in its 27th year, offers grim findings for female representation across broadcast and streaming.
Maria Iu / The Media Leader:
WARC: global ad spending will grow by 10.5% to $1.07T in 2024; Alphabet, Amazon, and Meta will account for 43.6% of global ad spending in 2024 and 46% by 2026  —  Global adspend will grow by 10.5% to $1.07tn this year, crossing the $1tn mark for the first time, according to Warc's Global Ad Spend Outlook 2024/25.
Advanced Television:
Survey: 66% of US TV viewers use FAST platforms, 53% of them have cut down on paid streaming, and 43% signed up to a pay service to continue watching a show  —  Two in three (66 per cent) TV viewers in the US are using free, ad-supported streaming TV (FAST) platforms in a typical month …
 
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 More News: 
Clemmie Moodie / The Sun:
The BBC says soccer presenter Jermaine Jenas is “no longer part of the presenting line-up”; source: the BBC terminated his contract after behavior complaints
Patrick Frater / Variety:
Chinese streamer iQiyi reports Q2 revenue down 5% YoY to ~$1.04B and net profit down 80% YoY to ~$9.6M, as subscription revenue shrinks for a second quarter
 Earlier Picks: 
Amanda Meade / The Guardian:
David Anderson, head of the Australian Broadcasting Corporation, plans to step down in 2025 after ABC finds a managing director, after a 35-year career at ABC
Discussion: Mumbrella and Deadline
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
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”
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
 

 
From Techmeme:

Mark Gurman / Bloomberg:
Sources: Apple is working on a smart doorbell system with advanced facial recognition that can wirelessly connect and unlock third-party smart locks

Paresh Dave / Wired:
Google says it wouldn't force its device makers, browser, and wireless carrier licensees to distribute Gemini to US users for three years, in a proposed remedy

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
 
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