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Senator Brian Schatz / U.S. Senator Brian Schatz …:
Three US senators and a US representative reintroduce the Future of Local News Act, which would create a group to study the state of local news and offer fixes — Local News Provides Important Public Service By Covering Stories That Matter To Communities, Holding Local Governments Accountable
Discussion:
@cforman, @notaaroncraig and @spj_tweets

Jeff Blackburn, an Amazon exec who recently left after two decades, is returning as SVP of Global Media and Entertainment, reporting to Bezos, then Andy Jassy — Jeff Blackburn, a former high-level Amazon exec who just recently left after more than two decades, is coming back …
Discussion:
Protocol, @pkafka, @quinnypig, Deadline and The Wrap, more at Techmeme »

Knight Foundation announces $3M initiative to help local news outlets expand AI use; it will initially fund four projects to address knowledge and skill gaps — A new, $3 million Knight initiative will help local news organizations harness the power of artificial intelligence to drive success.
Discussion:
Knight Foundation, Poynter, @jenniferpreston, @partnershipai, @pcheung630, @browninstitute, @knightfdn and @dankennedy_nu

Sundance Film Festival will return to Utah in January 2022 for in-person events but will also remain online, after 2021's online festival saw record attendance — The Sundance Film Festival will return to Park City for 2022, setting Jan. 20-30 as the dates for next year's in-person event.
Discussion:
Salt Lake Tribune, Park Record and Variety

Disney misses on subscriber estimates for Disney+, reaching 103.6M subscribers, below the expected 109M; revenue was $15.61B vs. $15.87B expected, down 13% YoY — - Disney reported second quarter results Thursday, posting lower-than-expected revenue and subscriber counts for its streaming service.
Discussion:
MediaPost, Variety, Fast Company, The Wrap, Variety, Funny Business, Business Wire, AppleInsider, @cnbcnow, @xpangler, @loudmouthjulia, @loudmouthjulia, @loudmouthjulia, @great_katzby, @loudmouthjulia, @loudmouthjulia, @loudmouthjulia, @loudmouthjulia, @techjournalist, Front Office Sports, Ad Age, MacRumors and IGN, more at Techmeme »

ESPN renews rights deal with MLB until 2028, including ESPN+ simulcasts but not weekday games; report: the deal cost $560M/yr, down from prior deal's $700M/yr — Disney CEO Bob Chapek dropped some big news during his company's Q2 2021 call, announcing that ESPN and Major League Baseball …

Behind the online battle between notable tech figures including a16z partners and Balaji Srinivasan, and the journalists who tweet and report on the industry — Late last fall, the New York Times was preparing a bombshell article about Coinbase, a financial exchange that had become …

Discord announces Stage Discovery, a tool to help people find communities through live audio events, and says it will soon test paid, ticketed audio events — If you're new to Discord, you might be thrown off by the lack of an endless feed peppered with ads.
Discussion:
The Information, @chrismessina, Vincos Newsletter, @tayhatmaker, @roka371, @blitzrick, @mattnavarra, @dhof and @caseynewton, more at Techmeme »

IDF destroyed two buildings in Gaza City housing 12+ media outlets; IDF says the buildings were targeted as sites of Hamas' intelligence and military offices — Israeli forces must refrain from bombing media outlets, and should ensure that journalists can work safely and without fear, the Committee to Protect Journalists said today.

Ad agency Dentsu has created a division aimed at helping minority-owned media businesses grow and connect with ad buyers — Veteran ad buyer Mark Prince to lead division that will consult with minority-owned media businesses and marketers seeking increasingly diverse audiences

Amazon signs multi-year deal with the WNBA giving Prime Video exclusive global streaming rights to 16 regular season games and the Commissioner's Cup game — Amazon and the Women's National Basketball Association (WNBA) announced a multi-year agreement giving Prime Video exclusive global streaming rights …
Discussion:
Hollywood Reporter, Front Office Sports, WNBA.com, @caiti326, @ramonashelburne, Awful Announcing, The Verge, Engadget and The Streamable

Among 1,762 non-satellite TV stations, a record 1,116 aired local news in 2020, up 18 from the 2019 high; 29.3% report budget cuts vs. 9.1% in 2019 — Graphics credits: Talia Nikole Trackim / Syracuse University … TV — Despite facing revenue shortfalls, budget cuts …
Discussion:
The Streamable and Poynter