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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.
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Bloomberg:
Sources: Paramount is moving ahead with asset disposals, including a potential sale of 12 TV stations that it considers non-core, which could fetch $500M to $1B — - Independent stations could fetch $500 million to $1 billion — Paramount remains the subject of an ongoing takeover saga
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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’
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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
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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 — Newspaper giant Gannett is shutting down Reviewed, its product reviews site, effective November 1st, according to sources familiar with the decision.
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@jeremymbarr, @ckrewson, @andyorin, Dan Ackerman on LinkedIn, @miarsato, @loudmouthjulia, NewsGuild of New York, The Overspill, @daveleebbg@threads.net, @baekdal, @loudmouthjulia, @thomasgermain, @jhilburg, @danack@threads.net, Marshall Nyman on LinkedIn, @jaronschneider@threads.net and @michaelbishop.me, more at Techmeme »
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 …
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Head Topics
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
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 — With help from Eli Okun, Garrett Ross and Bethany Irvine — DRIVING THE DAY — SCOOP: IS THIS THING ON?
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Mediaite, HuffPost, Washington Post, @nbcpolitics, Fox News, @brianefallon, The Hill, Poynter, @katesullivandc, Raw Story, Black America Web, emptywheel, New York Times, @brianefallon, @metzgov, @kaitlancollins, @tommyxtopher, @samstein, @selinawangtv, @justinbaragona, @keithboykin, @maxkennerly, @sahilkapur, @scarylawyerguy, @kneerecon, @selinawangtv, @yair_rosenberg, @blueboxdave, @vincecoglianese, @eugenedaniels2, @skylerforny, Media Play News, KVUE-TV, Mother Jones, CNN, The Daily Beast, Al Jazeera, New Jersey Online, New Republic, Vanity Fair, New York Post, The Wrap, Fortune, CBS News, The Guardian, Rolling Stone, Deadline and Forbes
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 …
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Reuters, Bloomberg, The Hollywood Reporter and Deadline
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 …
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Business Insider, The TV Answer Man!, @sctvman, @ourand_puck, Benzinga, TVNewsCheck, The TV Answer Man!, Reuters and Cord Cutters News
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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@gideonrachman, Voice of America, Washington Post and European Federation …
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 — Judge: Missouri AG's actions chill speech about extremist content on Musk's X. — A federal judge ordered Missouri's attorney general …
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