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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 …
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Sacramento Bee:
Buffy Wicks, who dropped her effort to make Big Tech pay California news orgs after Google agreed to give to a nonprofit supporting local news, defends the deal — The California legislator at the center of a first-in-the-nation deal between Google and the state to help fund local news organizations …
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.
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
Joe Flint / Wall Street Journal:
Sources: WBD has started working on creating more original programming for TNT and rebooting series and made-for-TV movies, albeit with smaller budgets — Entertainment company is plotting ‘high-adrenaline’ dramas for a cable channel that has become closely associated with reruns
Discussion:
Screen Rant, Deadline, The Wrap, CBR, TVLine, Deadline, Variety and @tvgrimreaper
Ashley Carman / Bloomberg:
A look at Apple Podcasts' fading dominance, as an April 2024 study of 603 podcast consumers found 31% use YouTube, 21% use Spotify, and 12% use Apple's app — Hello! Welcome back to Soundbite. Today we're looking at the fading dominance of Apple Podcasts.
Discussion:
Cult of Mac, Slate, 9to5Mac and MacRumors, more at Techmeme »
Advanced Television:
Disney says it is expanding availability of its ad-supported Disney+ plan to Finland, the Netherlands, and Portugal on October 17 — Following the launch of its ad-supported plan in Denmark, France, Germany, Italy, Norway, Spain, Sweden, Switzerland and the UK in 2023 …
Discussion:
UK Press
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.
Discussion:
Motorsport Week, Motorsport.com, PlanetF1 and Sports Illustrated
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 …
Aisha Counts / Bloomberg:
Reddit is winning over advertisers using interest-based targeting via subreddits, instead of personal data; analysis: Reddit's ad revenue may pass $1.1B in 2024 — Without as much personal information, Reddit lures marketers by touting interests and conversations
Oliver Darcy / Status:
Source: Penske Media has laid off dozens of staff over the last several weeks; Penske says it's grown its total headcount in 2022, 2023, and 2024 — The layoffs at Penske's media empire comes as his company faces tough headwinds, many of them industry wide.
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.
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