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11:15 AM ET, August 22, 2024

Mediagazer

 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 …
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.
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.
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 …
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.
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.
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  —  China-based video streaming company iQiyi recorded a 5% decrease in revenue in the second quarter and an 80% plunge in net profits.
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  —  In a note to staff Anderson - who was first appointed to role in 2019 - says it was an honour and privilege to lead the ABC
Discussion: Mumbrella and Deadline
Reuters:
Russia's FSB opens criminal cases against British CNN reporter Nick Paton Walsh and two Ukrainian journalists for illegally entering Russia to report from Kursk  —  Russia's FSB security service said on Thursday it had opened a criminal case against a journalist working for CNN …
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 …
 
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 More News: 
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
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
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
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: 
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
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
 

 
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

Esha Dey / Bloomberg:
Tesla's shares are up 73% since Election Day, as several analysts see the Trump administration easing rules for self-driving tech, benefiting Tesla's ambitions

Bloomberg:
Preqin data: Southeast Asia's AI startups raised just $1.7B across 122 deals so far in 2024, out of ~$20B across 1,845 deals for the whole Asia-Pacific region
 
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