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4:45 PM ET, August 23, 2024

Mediagazer

 Top News: 
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 …
RELATED:
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
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.
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.
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
more at Techmeme »
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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 More News: 
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
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
 Earlier Picks: 
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
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
 

 
From Techmeme:

Samuel Stolton / Bloomberg:
The EU Commission says Apple must step into line with strict new DMA laws on making OSes fully functional with other tech, and gives Apple six months to comply

Jay Peters / The Verge:
Nintendo and The Pokémon Company sue Palworld developer Pocketpair, accusing it of infringing on “multiple patent rights”; Palworld sold 5M+ copies in January

Cecilia Kang / New York Times:
The US FTC releases a four-year study of how Meta, YouTube, TikTok, and six others collected and used data, finding “vast surveillance” of consumers
 
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