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4:05 PM ET, August 27, 2024

Mediagazer

 Top News: 
New York Times:
Edgar Bronfman Jr. drops his 11th-hour bid to take control of Paramount and buy National Amusements; sources: Bronfman couldn't offer proof of financing in time  —  Mr. Bronfman has frantically put a bid together over the last week even as Paramount raised questions about his financing.
RELATED:
Todd Spangler / Variety:
Jason and Travis Kelce sign a deal with Amazon's Wondery for rights to their popular New Heights podcast; a source says the three year deal is worth $100M+  —  Three-year pact gives Wondery rights to ad-sales, distribution and more to NFL stars' weekly show
Siobhan Hughes / Wall Street Journal:
In a letter to Rep. Jim Jordan, Mark Zuckerberg says he regrets Meta wasn't more outspoken about Biden administration pressure to restrict some COVID-19 content  —  Meta CEO also says he won't repeat 2020 efforts to fund local elections, which Republicans criticized as ‘Zuckerbucks’
Christopher Palmeri / Bloomberg:
Sources: Disney is in contract renewal talks with DirecTV that could see ABC, ESPN, and other channels blacked out as early as September 1 if no deal is reached  —  DirecTV is looking to ease contract terms that have long required cable and satellite-TV distributors to charge customers …
Chris Eggertsen / Billboard:
Spin returns to print as a quarterly magazine after being out of circulation since late 2012; Bob Guccione Jr., who founded the publication in 1985, is the EIC  —  After more than a decade out of circulation, SPIN is returning to print as a quarterly magazine, the media brand announced Tuesday …
Discussion: Head Topics
Variety:
Sony India and Zee Entertainment reach a comprehensive, non-cash settlement to resolve all disputes related to their planned $10B merger, halted earlier in 2024  —  The agreement brings an end to the legal proceedings that had been ongoing at the Singapore International Arbitration Centre …
Blake Brittain / Reuters:
A judge reverses a jury's $600K verdict that Disney misused Rearden's tech in Beauty and the Beast, saying it couldn't have known its contractor was misusing it  —  Disney (DIS.N) convinced a federal judge in California on Monday to reverse a jury's $600,000 verdict that it misused another …
Discussion: Plagiarism Today
Advanced Television:
WBD's Max says it will launch CNN International in 22 European countries on August 29 and will include CNN's simulcast of the ABC News presidential debate  —  Max, Warner Bros Discovery's streaming platform, will launch the CNN International 24/7 live channel feed in 22 European countries across Spain …
Discussion: The Desk, CNN, Deadline and WORLD SCREEN
Christine Murray / Financial Times:
How Mexico became one of the world's most dangerous countries for journalism, as crime groups grow and President López Obrador fuels hostility towards reporters  —  Crime groups collude with local authorities as leftist leader López Obrador fuels hostile environment for reporters
 
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 More News: 
Jon Brodkin / Ars Technica:
A US federal judge orders Missouri's AG to halt his probe into Media Matters' November 2023 X ads report, after a similar order against Texas' AG in April 2024
Maxwell Zeff / TechCrunch:
Viggle, developer of 3D-video foundation model JST-1, raised a $19M Series A led by a16z; Viggle says the model is trained on public sources, including YouTube
Mia Sato / The Verge:
Gannett is shutting down its product reviews site Reviewed, sources say on November 1; staff previously accused Gannett of publishing AI-generated reviews
Anna Tong / Reuters:
OpenAI supports CA bill AB 3211 to require companies generating AI content to add watermarks; the bill passed in the state Assembly 62-0 and heads to Senate
Alex Weprin / The Hollywood Reporter:
Memo: ESPN outlines a reorganization, including promoting David Roberts to oversee sports news and entertainment, and plans to cut “a few dedicated colleagues”
 Earlier Picks: 
Reuters:
A Pakistani court acquits a man of cybercrime offences for spreading misinfo about the Southport, UK, attacker while working for news aggregator Channel3Now
Politico:
Sources: the Harris-Trump negotiations for the ABC debate on September 10 have hit an impasse; the Harris campaign says they want open mics during the debate
Max Tani / Semafor:
Sources: ABC News adjusted 538's US election model after taking it down for nearly a month; Nate Silver and Nate Cohn criticize ABC over a lack of transparency
 

 
From Techmeme:

Lee-Anne Mulholland / The Keyword:
Google files its proposed remedies in the DOJ's search antitrust lawsuit, including letting browser companies have multiple default agreements across platforms

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

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems
 
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