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:
The Guardian, CNN, Axios, Deadline, The Bulwark, Poynter, @brettbruen, @nytimespr, Washington Examiner, @asfleischman, @peterbakernyt, @chucktodd, The Indian Express, Al Jazeera, @johnmbennett, @gregdoucette.bsky.social, @fig8wife, @eddieperez.bsky.social, Raw Story, @elistokols, @hadas_gold, Washington Post, @mattgertz, Newser, @seancolarossi, RTÉ, @vanhollen.senate.gov, @bgrueskin.bsky.social, CBS News, New Republic, NewsMax.com, The Left Hook with Wajahat Ali, Bloomberg, Mediaite, The Wrap, New York Times, NOTUS, @pamspaulding.bsky.social, @cbarbermd@med-mastodon.com, Daily Kos, @adammacqueen.bsky.social, @mxscottkernest.bsky.social, The Independent, @michaelsavage.bsky.social, @amysiskind.com, @paulbernal.bsky.social, @rayminehane.bsky.social, @kylegriffin1.bsky.social, @justinbaragona.bsky.social, @ericmgarcia.bsky.social, @GottaLaff@mstdn.social, New York Daily News, The Post Millennial, 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.
Financial Times:
Sources: Bari Weiss is seeking a valuation of between $200M and $250M for The Free Press amid talks with Skydance CEO David Ellison over a potential sale — ‘Anti-woke’ journalist holds talks with incoming CBS owner David Ellison over sale of new media venture
Discussion:
@tvgrimreaper, @arashmassoudi and @jfk_america
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:
The Hill, Breitbart, New Jersey Online, Louder With Crowder, TMZ.com, Consequence, CNN, @gerardalexander.bsky.social, Rolling Stone, WWL-TV, NBC News, The Overspill, Fox News, @mattdpearce.com, People, @natesilver538, Variety, Newser, The Wrap, Entertainment Weekly, @robkhenderson, Business Insider, New York Times, Deadline, New York Post, TVLine, Blaze Media, Mediaite, Just Jared and TV Insider
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, implicator.ai, Reuters, TechRadar, Business Today, Benzinga, nltimes.nl and The Indian Express, more at Techmeme »
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, Investopedia, New York Times, Euronews, Universal Music Group N.V., Reuters, Billboard, Benzinga and Reuters
New York Times:
Dave Jorgenson, who leads WaPo's TikTok and YouTube presence, plans to leave next month to start a company based on his YouTube channel Local News International — Dave Jorgenson is leaving The Post next month to start an online video company based on his personal YouTube channel, Local News International.
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:
@freedom.press, @alexip718.com, Los Angeles Times, The Atlantic, The Hill and The Parnas Perspective
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:
Indicator, Benzinga, The Hans India, Asia Financial, Cryptopolitan, Ukrainska Pravda, Digit, Fox Business, Financial Express, Tubefilter and The Keyword
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, Streaming Better, TelevisaUnivision and The Hollywood Reporter
Bloomberg:
Sources: Oracle is in talks with Skydance for a $100M per year deal for Paramount to use Oracle's cloud software if the Skydance-Paramount merger goes through — Oracle Corp. is in discussions with Skydance Media LLC for a major software deal once the media company's acquisition of Paramount Global is complete.
Discussion:
@lucas_shaw, @tvgrimreaper, Raw Story, Axios, @pkafka, @richlightshed, Verdict, New York Sun, naked capitalism, Daring Fireball and The Hollywood Reporter
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:
@michaelsavage, ofcom, @michaelsavage.bsky.social and Advanced Television
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