Top News:
Tom Friend / Sports Business Journal:
Sources: Amazon recently pulled its January 2024 offer to invest $115M in Diamond Sports Group, as the broadcast landscape changed — Amazon recently pulled its eight-month-old offer to infuse Diamond Sports Group with $115M in cash, multiple sources told SBJ, a development that has delayed …
Sara Fischer / Axios:
Gallery Media Group CEO Ryan Harwood says GMG, which owns PureWow and 50+ lifestyle brands primarily on social media, aims to end 2024 with $50M in revenue — - Its executives credit cautious spending, smart owners and a relentless focus on their consumers.
Discussion:
Ryan Harwood on LinkedIn
Pavel Durov Detained / Bloomberg:
Russians, from Kremlin officials to Putin's harshest critics, see Telegram as a source of both uncensored info, including on Ukraine, and problematic content — - Many Russians view Telegram as source of uncensored content — Opposition, government united in outrage over Durov's arrest
Discussion:
Al Jazeera and New York Post
Mark Gurman / Bloomberg:
Sources: Apple lays off ~100 people in its services group, impacting Apple Books, News, and other teams, a rare move as part of a shift in the unit's priorities — - Layoffs will include some workers in Books and News apps — Company is eliminating about 100 positions in Tuesday's move
Bron Maher / Press Gazette:
The Daily Telegraph's annual statement shows it had the most UK Editors' Code breaches upheld by IPSO in 2023; IPSO had 8K complaints in 2023 vs. 36K in 2022 — The Daily Telegraph had the most breaches of the Editors' Code upheld by IPSO in 2023, its annual statement to the regulator shows.
The Information:
Memo: TikTok Global Head of Content Nicole Iacopetti plans to leave on September 6, after joining in 2020 from Disney; she helped shape TikTok's news strategy — It's been a tumultuous year for TikTok employees, between a looming potential ban of the app in the U.S. to its first widespread layoffs earlier this year.
Jagmeet Singh / TechCrunch:
VerSe Innovation, the parent of Indian news aggregator Dailyhunt, buys digital marketing agency Valueleaf for an undisclosed sum in a cash and equity deal — VerSe Innovation, India's content tech unicorn that owns local language news aggregator Dailyhunt, digital newsstand platform Magzter …
Discussion:
Entrackr
Patrick Svitek / Washington Post:
After raising complaints, Trump says he will participate in the ABC debate with Harris on September 10 and the rules “will be the same as the last CNN debate” — The ABC News-hosted debate is set to take place Sept. 10 in Philadelphia, Trump said Tuesday.
Joel Simon / Vanity Fair:
A look at the potential threats posed to US journalists by Donald Trump's possible second term, and proactive safeguards for news outlets — The former director of the Committee to Protect Journalists lays out the grave threats that American news outlets might confront—and offers proactive safeguards.
Discussion:
@tilojung, @nanavsliars, @jodieginsberg, @joelsimonsays, @sauthoff.bsky.social and TVNewsCheck
April Rubin / Axios:
Snap launches new safety tools and resources for US educators, and says Snapchat has 20M+ US teen users; Pew says 51% of US teens used Snapchat daily in 2023 — - Snapchat was the third most used app among teens in a 2023 Pew study, behind YouTube and Instagram.
Discussion:
TechCrunch, Snapchat, Engadget and Christopher Rinkus on LinkedIn
Reuters:
India's antitrust body clears the $8.5B Reliance-Disney merger, a source says after getting commitments over not raising ad rates on cricket streaming and more — Walt Disney Co (DIS.N) and Reliance Industries (RELI.NS) have won approval for an $8.5 billion merger of their Indian media assets subject …
Discussion:
Variety, Deadline, Aditya Kalra on LinkedIn, Bloomberg and @adityakalra
Gene Maddaus / Variety:
California's AB 2602 bill requiring explicit consent for the use of a performer's digital replica passes the Senate, and will soon head to the governor's desk — A bill to protect performers from unauthorized AI replicas was approved by the California Senate on Tuesday and will soon head to the governor's desk.
Discussion:
CMU, @sagaftra, The Wrap, Digital Music News, @sagaftra, Deadline and @black_intellect@mstdn.social