Top News:
Wall Street Journal:
Sources: Meta aims to help brands fully create and target ads using AI by the end of 2026, including images and budgetary goals, building on its current tools — AI-powered advertising is part of CEO Mark Zuckerberg's vision for the company's future — Meta Platforms is betting that automation is the future of ads.
Discussion:
Marketing Dive, MediaPost, AdNews News, CNET, PYMNTS.com, Benzinga, Deadline, WebProNews, Investor's Business Daily, Reuters, WeRSM, PCMag, Morningstar, Inc., Neowin, WinBuzzer, Proactive, Yahoo Finance, Adweek, @hypervisible.bsky.social, The Guardian, Trak.in, Dora Moldovan on LinkedIn, Cryptopolitan, Beet.TV, @meghanbobrowsky, Business Today, KnowTechie, TVNewsCheck, The Economic Times, Quartz, TheCable, Sherwood News and The Motley Fool, more at Techmeme »
Todd Spangler / Variety:
Sources: Disney is laying off several hundred employees globally across multiple teams, including TV and film — Disney is swinging the axe again, laying off several hundred employees globally across multiple teams. … Disney is positioning the cuts as enhancing its ability to operate more efficiently.
Discussion:
Deadline, Reuters, Adweek, Wall Street Journal, TVNewsCheck, New York Daily News, Fortune, Business Insider, The Hill, Quartz, The Post Millennial, Yahoo Finance, Boston.com, Benzinga, TheStreet, Los Angeles Times, Nathan Fletcher on LinkedIn, @lisa-catara.bsky.social, @fizzvstheworld.bsky.social, Daily Voice, @thespoilist.bsky.social, @chancesecond.bsky.social, MarketWatch, Entrepreneur, The Hollywood Reporter, CBS News, The Economic Times, 9-1-1 Behind The Scenes and Bloomberg
Max Tani / Semafor:
Sources: in May 2024, Business Insider sent some staff a recommended reading list that included seemingly AI-generated books that did not appear to exist — The Scoop — Business Insider announced this week that it wants staff to better incorporate AI into its journalism.
Naman Ramachandran / Variety:
Marc Maron plans to end WTF With Marc Maron podcast in the fall; the groundbreaking podcast helped define the medium with 1,600+ episodes after its 2009 launch — Marc Maron has announced that he and producer Brendan McDonald have decided to end “WTF With Marc Maron,” the groundbreaking podcast …
Discussion:
Deadline, LateNighter, Plain Dealer, Los Angeles Times, NextDraft, Associated Press, NBC News, Bloomberg, @dstapf63.bsky.social, People, The Wrap, @pjmaciak.bsky.social, Entertainment Weekly, The Hollywood Reporter, @dangercart.bsky.social, @nochorus.bsky.social, @brianstelter, @mathowie@xoxo.zone, Podnews, @danagould.bsky.social, @carlquintanilla.bsky.social, Rolling Stone, @mrbeverages.bsky.social, @jasondashbailey.com, New York Daily News, Business Insider, NBC Bay Area, Consequence, Barrett Media and Just Jared
Lucas Shaw / Bloomberg:
Sources: UMG, Warner Music, and Sony Music are in talks to license their work to AI music startups Udio and Suno and settle copyright infringement lawsuits — Music companies would settle lawsuits with startups they accused of copyright infringement — Major music companies are in talks …
Todd Spangler / Variety:
SEC filing: Paramount nominates three directors to its board and schedules its annual meeting for July 2; board member Judith McHale won't stand for re-election — Board member Judith McHale will not stand for re-election — Paramount Global and controlling shareholder Shari Redstone …
Discussion:
The Wrap, Wall Street Journal, Deadline, Bloomberg, The Hollywood Reporter and Paramount Global
Victor Dey / Fast Company:
Creatify, an AI video ad platform that reached $9M in ARR just 18 months after launch, raised a $15.5M Series A led by Jeffrey Katzenberg's WndrCo and Kindred — Jeffrey Katzenberg has long backed ambitious ventures—from cofounding animation studio DreamWorks to championing digital innovation through his investment firm WndrCo.
Discussion:
TechCrunch and Pulse 2.0
David Remnick / New Yorker:
Q&A with Lesley Stahl on the pressures at CBS News and 60 Minutes, Trump's lawsuit and likely settlement, Shari Redstone, Bill Owens stepping down, and more — The veteran journalist Lesley Stahl on the pressures at CBS News, the history of Presidential attacks on the news media, and how journalists today should respond.
Discussion:
New York Post, Fox News, Mediaite, TV Insider, The Independent, Fortune, TVNewsCheck, @marcowenjones.bsky.social, @socialmedialab.ca, @brianstelter, @alexanderrusso, @brianstelter, @brianstelter, @newyorker, New York Sun, TVNewsCheck, @pamspaulding.bsky.social, @csmcdaniel.bsky.social, @michaelluo.bsky.social, @shacharbaron.bsky.social, AV Club, Deadline and The Washington Free Beacon
Andy Meek / Forbes:
An interview with Henry Blodget on BI's layoffs, media market changes in the past five years, why the future is direct distribution and subscriptions, and more — I report on media as well as its intersection with news and culture. — SaveComment — Following the announcement …
Discussion:
MediaPost, Pivot to AI and Puck
Brooks Barnes / New York Times:
Disney's live-action Lilo & Stitch grossed $610M globally in just 10 days, and could reach $950M; the film cost $100M and may make $300M+ in box office profit — The film was originally aimed for Disney+. But it was rerouted to a theatrical release and is on pace for at least $950 million in ticket sales.
Discussion:
Comic Book, @thispersonstinks.bsky.social, SlashFilm, UK Press, Daily Voice, Breitbart, Variety, Media Play News, Beebom and Screen Rant
Zak Keefer / New York Times:
A profile of sports journalist Pablo Torre, who launched his podcast Pablo Torre Finds Out in 2023 under Meadowlark Media, focusing on “adversarial journalism” — He remembers the sweat trickling down his forehead, feeling the weight of his ambitions and the future he'd mapped out.
Discussion:
Awful Announcing, @jeffjarvis@mastodon.social, @zkeefer, @zkeefer, @zkeefer, @theathletic and @zkeefer
Lucas Shaw / Bloomberg:
Taylor Swift is the most business-savvy artist alive, reacquiring her music by driving negotiations between major music groups, streamers, and social networks — Pop star regains control of albums from her early years after a long fight — Good afternoon from Los Angeles, wherever you may be.
