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.
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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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The Desk, Cord Cutters News, @matthewkeyslive, The Wrap and @michellef_davis
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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Reuters:
Reuters says a strike on a hotel in eastern Ukraine killed Ryan Evans, who was a safety adviser for the agency, and two journalists were hospitalized — Ryan Evans, a member of the Reuters team covering the war in Ukraine, was killed and two Reuters journalists were injured in a strike …
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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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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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Page Six, Deadline, New York Post, The Hollywood Reporter and USA Today
The Moscow Times:
Interfax: Russia's FSB files criminal charges against a DW reporter and a journalist for Ukraine's 1+1 TV channel for illegally crossing the border into Kursk — Russia's Federal Security Service (FSB) said Tuesday that it has filed criminal charges against a Deutsche Welle reporter …
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Agence France-Presse, Deutsche Welle, @cforcd, @rsf_inter, TASS, Reuters, Mediaite and The Daily Beast
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 …
Discussion:
Reuters, Bloomberg, The Hollywood Reporter and Deadline
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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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 …
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” — The Disney-owned sports media giant promoted Mike McQuade and David Roberts to oversee sports, news …
Discussion:
Awful Announcing, Sports Media Watch, The Wrap, @bristei, Variety, Sportico, Deadline and Front Office Sports
Sam Buckingham-Jones / Australian Financial Review:
Sources: Google aims to slash what it spends on deals with some Australian outlets under the News Media Bargaining Code, after Meta said it wouldn't renew deals — Google is trying to reduce what it spends on commercial deals with some smaller digital news publishers, amid growing calls …
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