Top News:
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 …
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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
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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
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Deadline, TVLine, Deadline, Too Much TV Newsletter, @tvgrimreaper, CBR, Dean Devlin on LinkedIn, The Wrap, Variety and Screen Rant
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.
Discussion:
@oliverdarcy@threads.net and Talking Biz News
Katie Campione / Deadline:
Nielsen: the Democratic National Convention's final night averaged 26.2M US viewers over 15 networks; the RNC's final night drew 25.4M viewers over 14 networks — The final night of the Democratic National Convention, buoyed by a speech from Vice President Kamala Harris accepting …
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Status, @oliverdarcy@threads.net, New York Times, @mulvihill79, Los Angeles Times, Politico, Variety, @xdata, The Wrap, The Hollywood Reporter, Rolling Stone, Daily Kos, Raw Story and MediaPost
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 …
Sportico:
Diamond Sports reaches deals to continue broadcasting games for 13 NBA teams and nine NHL teams through the leagues' 2024-2025 seasons in their local markets — Nearly a month to the day after a Houston court agreed to postpone a crucial confirmation hearing in the Diamond Sports Group bankruptcy case …
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The Desk, @jeremydstanley.com, WXIA-TV, Dallas Morning News, Tampa Bay Times, The Detroit News, Sports Illustrated, ESPN, New York Times, @mikevorkunov, @powergate92, @evandrellich, Mavs Moneyball, @nationmffl, @theathletic, Cord Cutters News, The Commercial Appeal, Awful Announcing, @crupicrupicrupi, @mikevorkunov, @british_buzz, Barrett Media and @evandrellich
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
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.
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:
The Information, Cult of Mac, MacRumors, 9to5Mac and Slate, more at Techmeme »
Brian Steinberg / Variety:
Filing: the NBA seeks to dismiss WBD's lawsuit over the league's media rights, detailing how WBD had failed to match the terms of Amazon's offer — This game may never start. … Spokespersons for the NBA and Warner's TNT Sports were not able to respond immediately to queries seeking comment.
Discussion:
The Desk, The Wrap, TVNewsCheck, Front Office Sports, @bristei, Sports Media Watch, Awful Announcing, Front Office Sports and Awful Announcing
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:
Inside Radio, PlanetF1, Motorsport Week, Sports Illustrated and Motorsport.com
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
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