Top News:
Benjamin Mullin / New York Times:
Memo: PBS is cutting its current budget by 21% and reducing dues paid by local stations by $35M to deal with Congress' decision to eliminate ~$500M in funding — The nonprofit will receive less revenue from its members, which are under pressure to make up for shortfalls of their own.
Discussion:
@benmullin
Jessica Testa / New York Times:
Taylor Swift's podcast debut on New Heights, co-hosted by Travis Kelce, shows the format is an appealing option for stars instead of late-night TV and magazines — For stars promoting their projects, podcasts have become an appealing alternative to late-night TV and glossy magazines.
Discussion:
New Heights on YouTube, The Wrap, Inside Radio, CityNews Halifax, Extra, Forbes, People, Barrett Media, Us Weekly, Ailis O'Connell on LinkedIn, Marin Independent Journal, Billboard, Mediaite, Forbes, TMZ.com, KVIA-TV, Variety, Just Jared, TODAY.com, Axios, New York Post, NBC Bay Area, Los Angeles Times, Deseret News, CBS News, Hollywood Life, NBC News, Poynter, Page Six and WKYC-TV
Matthew Keys / TheDesk.net:
Gannett is launching a morning newscast, Connecting America, on its USA Today streaming channel and on YouTube, on August 18; it will air weekdays 7am-9am ET — Gannett Company is launching a new morning newscast on its USA Today-branded free, ad-supported streaming television (FAST) channel, the company announced on Thursday.
Murray Stassen / Music Business Worldwide:
Sources: Chord Music Partners, a music rights investment vehicle, raised $2B+ so far in a round due to close in October; Searchlight Capital has invested $400M — Universal Music Group-backed investment vehicle Chord Music Partners has raised over USD $2 billion in investable capital to buy music rights.
Discussion:
Billboard, Digital Music News, Sky News, Business Wire and The Hollywood Reporter
David Roeder / Chicago Sun Times:
Chicago Public Media, which owns the Sun-Times and public radio station WBEZ, names Kimbriell Kelly as EIC effective September 2, succeeding Jennifer Kho — A Pulitzer Prize winner, Kelly has a background in investigative reporting. She will succeed Jennifer Kho, who will work on a project dealing with the future of public media.
Discussion:
MediaPost and Crain's Chicago Business
Jason Koebler / 404 Media:
Media advocates criticize a US Department of Energy plan to throw out FOIA requests sent before October 1, 2024, unless the request is formally renewed — The Department of Energy (DOE) said in a public notice scheduled to be published Thursday that it will throw out all Freedom of Information Act …
Joanna Gerber / AdExchanger:
Mediaocean's ad verification division partners with the Internet Watch Foundation, which identifies and works to remove websites containing CSAM — Brand safety isn't always cut and dried. — An alcohol brand, for instance, might look for content that other brands would instinctively steer clear of.
Discussion:
TheDesk.net, @adexchanger, Eliminating Child …, Eva Papoutsakis Smith on LinkedIn, MediaPost and TechCentral.ie
Gabriel V Rindborg / The Guardian:
Monitoring firm MUSO says piracy hit a low in 2020 with 130B website visits and grew by 2024 to 216B; in Sweden, 25% of those surveyed reported pirating in 2024 — As subscription costs rise and choice diminishes on legal sites, film and TV fans are turning to VPNs and illicit streamers …
Discussion:
Jerome Mazandarani on LinkedIn and Plagiarism Today
Nellie Andreeva / Deadline:
Paramount DTC Chair Cindy Holland says Paramount+ is now open to buying third party content, reminiscent of Holland's strategy when she was at Netflix — At a Los Angeles press event on Wednesday, new Paramount CEO David Ellison touted the move to empower Paramount+ team …
Discussion:
Tom's Guide, Media Play News, The Hollywood Reporter and Collider
RELATED:
Matt Donnelly / Variety:
Paramount's streaming head Cindy Holland says streaming movies are “not a priority”, as CEO David Ellison says debate on value of theatrical releases is “over”
Paramount's streaming head Cindy Holland says streaming movies are “not a priority”, as CEO David Ellison says debate on value of theatrical releases is “over”
Discussion:
The Wrap, /Film, TV Insider, Media Play News, @variety, Deadline, The Hollywood Reporter, Deadline, Deadline, TrekMovie.com, The Wrap, Variety and MarketWatch
Sarah Perez / TechCrunch:
Bluesky revises its policies and Community Guidelines to comply with new regulations, including the EU DSA, UK Online Safety Act, and US Take It Down Act — Two years after launching, social network Bluesky is revising its Community Guidelines and other policies, and asking for feedback from its users on some of the changes.
Discussion:
Bluesky, more at Techmeme »
Jennifer Maas / Variety:
Starz, which split from Lionsgate in May, reports Q2 revenue down 8% YoY to $319.7M, a net loss of $42.5M, and US streaming subscribers down 120K QoQ to 12.2M — Starz saw an 8% drop in revenue for its April 1-June 30 earnings, the now-standalone media company reported Thursday.
Discussion:
The Wrap, Deadline, Starz and The Hollywood Reporter
Raquel ‘Rocky’ Harris / The Wrap:
The LA Times Guild plans to hold its first-ever strike authorization vote as contract talks near their third year; the union lost about 200 members since 2022 — Since negotiations began in September 2022, the guild has seen layoffs impact approximately 200 Times staffers
Discussion:
@katie_robertson, @jqwritesstuff.bsky.social, @mattdpearce.com and @katie_robertson
Mike Scarcella / Reuters:
A US district court judge dismisses Rumble's lawsuit accusing WPP, WFA, and Diageo of an ad boycott, saying a Texas court is not the proper forum for the case — A U.S. judge on Wednesday dismissed online video-sharing and internet-hosting company Rumble's (RUM.O) lawsuit accusing spirits maker Diageo …
Discussion:
MediaPost and Bloomberg Law
