Top News:
Variety:
Patrick Soon-Shiong says the LA Times will go public “over the next year” and it is now “working through with an organization” to put a plan together — The Los Angeles Times will become a publicly traded company, its billionaire owner Patrick Soon-Shiong announced on “The Daily Show.”
Politico:
The White House removes the WSJ from the pool of reporters covering Trump's trip to Scotland, saying it is due to the WSJ's “fake and defamatory conduct” — But the White House, which earlier this year took over control of pool rotations from the White House Correspondents' Association …
Discussion:
CNN, Axios, The Guardian, Deadline, Poynter, @brettbruen, @nytimespr, Washington Examiner, New Republic, Washington Post, New York Times, @kylegriffin1.bsky.social, @asfleischman, @ericmgarcia.bsky.social, @peterbakernyt, @cbarbermd@med-mastodon.com, @adammacqueen.bsky.social, @paulbernal.bsky.social, @chucktodd, Daily Kos, @mxscottkernest.bsky.social, NOTUS, The Wrap, The Indian Express, @justinbaragona.bsky.social, Bloomberg, CBS News, @GottaLaff@mstdn.social, Al Jazeera, @johnmbennett, @gregdoucette.bsky.social, Raw Story, @fig8wife, @rayminehane.bsky.social, @vanhollen.senate.gov, The Independent, @bgrueskin.bsky.social, @eddieperez.bsky.social, @elistokols, @hadas_gold, NewsMax.com, Mediaite, @amysiskind.com, The Left Hook with Wajahat Ali, @michaelsavage.bsky.social, @mattgertz, Newser, @pamspaulding.bsky.social, @seancolarossi, RTÉ, The Post Millennial, New York Daily News, Business Insider and Talking Biz News
Meg James / Los Angeles Times:
Sources: Paramount will pay $300M a year for five years to bring global streaming rights for South Park to Paramount+, including US rights for the first time — The creators of Comedy Central's “South Park” reached a breakthrough Monday in the tense negotiations over the streaming rights of the long-running satirical cartoon.
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Bloomberg:
Sources: Google is seeking to recruit news organizations for a new licensing project related to AI, and plans to launch a pilot initially with ~20 US outlets — The company has ramped up its overtures to news organizations in recent months — Google is seeking to recruit news organizations …
Discussion:
TVNewsCheck, TechRadar, Business Today, Reuters, Benzinga, nltimes.nl and The Indian Express, more at Techmeme »
Zach Vallese / CNBC:
Google removed 20 YouTube channels, 4 Ads accounts, and 1 Blogger blog linked to RT in May, and thousands more channels tied to state propaganda campaigns in Q2 — Google announced Monday the removal of nearly 11,000 YouTube channels and other accounts tied to state-linked propaganda campaigns from China …
Discussion:
Benzinga, Asia Financial, The Hans India, Financial Express, Ukrainska Pravda, Cryptopolitan, Tubefilter, Digit, Fox Business and The Keyword
Anthony Hughes / Bloomberg:
Amsterdam-listed firm Universal Music Group files confidentially for a US listing, which would fulfill the terms of a deal with Bill Ackman's Pershing Square — Universal Music Group NV has filed confidentially for a US listing, which would fulfill the terms of a deal with billionaire Bill Ackman's hedge fund Pershing Square.
Discussion:
Wall Street Journal, Euronews, Universal Music Group N.V., New York Times, Reuters, Billboard, Benzinga and Reuters
Max Tani / @maxwelltani:
Memo to staff: Fortune cut 10% of staff, citing a traffic decline and rise of audio/video, says its new strategy is to cultivate “premium franchise communities” — In an email to employees, Fortune says it has cut 10% of staff, the result of a decline in traffic, and rise of audio/video. The company says its new strategy is “to cultivate our premium franchise communities and deliver premium editorial content to them.”
Discussion:
Talking Biz News, @katie_robertson, The Wrap, @azuregilman and MediaPost
Lautaro Grinspan / Atlanta Journal-Constitution:
An interview with Mario Guevara, who faces deportation to El Salvador and says ICE detained him as direct retaliation for his coverage of the agency's raids — In an exclusive interview from an ICE detention facility, Mario Guevara talks about his month behind bars and his once positive feelings toward Donald Trump.
Discussion:
The Hill, @freedom.press, Los Angeles Times, The Atlantic, @alexip718.com, The Parnas Perspective, The Guardian and Al Jazeera
Brian Steinberg / Variety:
TelevisaUnivision reports Q2 revenue down 4% YoY to $1.21B, ad revenue down 5%, operating expenses down 9%, and 10M+ ViX subscribers, up from ~7M at 2023's end — Spanish-language giant TelevisaUnivision said it had to rely on trimming expenses to boost second-quarter profit as the company faces …
Discussion:
The Wrap, TVNewsCheck, The Hollywood Reporter, Streaming Better and TelevisaUnivision, more at Techmeme »
Saleah Blancaflor / Adweek:
Fox officially closes its upfront discussions; a source says Fox exceeded $2B for core sports properties, excluding the World Cup, for the first time — Fox closed its upfront talks with double-digit volume growth across its portfolio — Fox has reached the finish line of the 2025-26 upfront cycle.
Discussion:
Sports Business Journal, TheDesk.net, @genetics56, The Wrap, Variety and MediaPost
Nate Silver / Silver Bulletin:
Economics and politics may have contributed to the cancelation of Colbert's show, but mainstream liberal comedy shows are fading amid the death of mass culture — Economics played a role. Politics might have, too. But mainstream liberal comedy has struggled between the death of mass culture and the rise of Trump.
Discussion:
TMZ.com, Newser, @robkhenderson, CNN, Rolling Stone, New York Times, Entertainment Weekly, @gerardalexander.bsky.social, Blaze Media, Business Insider, WWL-TV, NBC News, The Overspill, The Wrap, Fox News, @mattdpearce.com, New York Post, People, @natesilver538, Consequence, Deadline, TVLine, TV Insider, Mediaite, Just Jared and Townhall
Sean Burch / The Wrap:
WaPo opinion columnist Jonathan Capehart takes a buyout, weeks after Will Lewis called on writers who do not “feel aligned” with WaPo's “reinvention” to resign — The veteran opinion writer is leaving the paper after CEO Will Lewis said those who do not “feel aligned” …
Discussion:
@sarafischer, Media Nation, The Independent, New York Post, Instapundit and Fox News
Mark Sweney / The Guardian:
Ofcom says public service TV is becoming an “endangered species” after finding that streamers offered by PSBs only account for 9% of all viewing in the UK — Regulator calls for legislation to make news and UK-focused shows easier to find on online video-sharing platforms
Discussion:
ofcom, @michaelsavage and @michaelsavage.bsky.social
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