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11:05 PM ET, August 23, 2024

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 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 …
RELATED:
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
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
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: 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 …
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.
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: The Desk and UK Press
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 …
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.
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 »
 
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 More News: 
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
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
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+
 Earlier Picks: 
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
 

 
From Techmeme:

Richard Lawler / The Verge:
Okta fixes a flaw present since July 23, 2024, that let users log in under specific circumstances with any password if the account's username had 52+ characters

Jeffrey Dastin / Reuters:
Intel's CEO scraps forecast of selling $500M+ worth of Gaudi AI chips in 2024, blaming slower uptake on Gaudi 2 to Gaudi 3 transition and software ease of use

Bloomberg:
Nvidia will replace Intel in the Dow Jones Industrial Average on November 8, after Amazon replaced Walgreens in February 2024; Intel joined the index in 1999
 
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