Top News:
Bailey Lipschultz / Bloomberg:
Newsmax shares jumped as much as 667% in their NYSE debut after raising $75M in its IPO — The stock traded at $62.27 each at 12:07 p.m. in New York, in a debut that saw shares repeatedly halted for volatility. The company raised $75 million in the offering, selling 7.5 million shares for $10 apiece.
Discussion:
@amitisinvesting, @morningbrew, @claytravis, @julianklymochko, @stockmktnewz, CBS News, Deadline, The Desk, Fast Company, Barron's Online, Forbes, @newsmax, CNBC, The Wrap, Variety, @brianstelter and Yahoo Finance
Megan Graham / Wall Street Journal:
Yahoo hires Josh Line, who was most recently Paramount Global's chief brand officer, as its CMO to revive its brand as “one of the OGs of the internet” — Internet pioneer names Josh Line, who was previously Paramount Global's chief brand officer, to reinvigorate its once-towering brand
Discussion:
Ad Age, The Desk, Variety, The Drum, Rob Wilk on LinkedIn, @michaelmartinez.co and Adweek
Wall Street Journal:
WBD adds Anton Levy, former co-president of PE firm General Atlantic, to its board, a source says due to pressure from activist shareholder Sessa Capital — Warner Bros. Discovery is expanding its board following pressure from an activist shareholder, according to people familiar with the matter.
Discussion:
Variety, The Wrap, Reuters, Deadline and The Hollywood Reporter
Charlotte Tobitt / Press Gazette:
Reach CEO Jim Mullen steps down with immediate effect after six years, replaced by Chief Revenue Officer Piers North; Mullen will join a horse racing company — Reach CEO Jim Mullen is stepping down after six years with immediate effect. — Mullen will be succeeded as Reach CEO by Piers North, currently chief revenue officer.
Benoit Berthelot / Bloomberg:
France's antitrust regulator fines Apple €150M after a lengthy investigation into how iOS asks to collect user data under ATT and the impact on advertisers — France's antitrust regulator fined Apple Inc. €150 million ($162 million) after a lengthy probe into how the technology company asks …
Discussion:
9to5Mac, The Korea Times, Ars Technica, Reuters, The Information, UPI, Fortune and Hindustan Times, more at Techmeme »
Max Goldbart / Deadline:
The BBC says its content spend will fall by £150M to £2.5B in the next 12 months as it faces an “unprecedented content funding challenge” — The BBC faces an “unprecedented content funding challenge” in the year to come, the corporation's Annual Plan setting out priorities for the next 12 months has said.
Discussion:
Advanced Television, The Hollywood Reporter and WORLD SCREEN
RELATED:
Brian Steinberg / Variety:
NBC Sports hires Betsy Riley, an NBC Sports veteran who recently led some Amazon sports offerings, to oversee production of its primetime Olympics program — Looks like NBC's new pop-culture primetime Olympics show is becoming permanent. — NBC Sports said Monday that it had lured Betsy Riley …
Discussion:
Associated Press
J. Kim Murphy / Variety:
WBD's Max quietly launches a new logo with a monochrome color palette that evokes the longtime HBO branding, ditching its shiny blue UI — It's not HBO, it's Max — but the new standalone logo for Warner Bros. Discovery's streamer now certainly looks like HBO's at a glance.
Discussion:
The Streamable, @michaelcollado, @michaelcollado, @jimlokay.com, @badgraphix, Media Play News, The Verge, WORLD SCREEN and Cord Cutters News
Katherine Sayre / Wall Street Journal:
A profile of CherryRoad Media CEO Jeremy Gulban, who has acquired 92 community newspapers across the US with the goal of revitalizing local journalism — An entrepreneur who owns 92 local newspapers confronts tariffs, distrust of print outlets and changing news diets
Discussion:
Cord Cutters News, TVNewsCheck, @benjamintoff.bsky.social and @sarahscire
Mike Allen / Axios:
Source: the White House plans to impose its own seating chart for briefing room reporters, taking over a function long managed by the reporters through the WHCA — The White House plans to impose its own seating chart for reporters in the briefing room in coming weeks …
Discussion:
White House Correspondents …, New York Times, Semafor, Plain Dealer, Blaze Media, The Hill, Washington Times, @jeremymbarr, Politico, The Post Millennial, @jeremymbarr, The Gateway Pundit, The Independent, @jenniferjjacobs, @justinbaragona.bsky.social, @mariopro.bsky.social, @timkarr.bsky.social, New York Post, @bgrueskin.bsky.social, One America News Network, @jenniferjjacobs, The Hollywood Reporter, Newsbusters, The Daily Caller, The Wrap, Vanity Fair, Breitbart, Deadline, The Daily Wire, LatAm Journalism Review, The Root, Mediaite, Poynter, @brfreed.bsky.social, CNN, Twitchy, @davidfolkenflik, NPR, @tedstew, @andrewbatesnc, @jeremymbarr, RedState, Washington Examiner, Townhall, @digiphile.bsky.social, OutsideTheBeltway, @inlayterms.bsky.social, @monhegan.bsky.social, @andrewjweinstein.com, @brianstelter.bsky.social, @herbscribner.bsky.social, The Daily Beast and TVNewsCheck
Pew Research Center:
Survey: 36% of Americans say they hear a lot about Trump's relationship with the media, down from 72% in 2017; 71% follow Trump administration news closely — Far fewer are hearing about the administration's relationship with the media than was the case early in Trump's first term
Max Tani / Semafor:
An interview with California Governor Gavin Newsom on his new weekly podcast, backlash to his interviews with conservative figures, media strategies, and more — The Scoop — As Democrats begin their slow slog back to power, they're grappling with what may be their most vexing problem …
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