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11:10 AM ET, May 17, 2021


 Top News: 
Brian Stelter / CNN:
AT&T to spin off WarnerMedia and combine it with Discovery in a $43B deal; the new company will be run by Discovery CEO David Zaslav  —  New York (CNN Business)The streaming TV race is about to get even more competitive.  —  On Monday morning AT&T (T) and Discovery, Inc. (DISCA) …
Joe Flint / Wall Street Journal:
Jason Kilar says he expects no long-term negative effects of releasing 2021 movies on HBO Max; sources: Warner Bros. paid $200M+ to appease talent  —  WarnerMedia CEO Jason Kilar fired the streaming service's top brass, blew up the movie business and angered Hollywood royalty.  He says it's a recipe for success.
Hollywood Reporter:
John Stankey and David Zaslav discuss their vision for the WarnerMedia deal, saying the company will have a content spend that exceeds most competitors at $20B  —  AT&T chief John Stankey and Zaslav, who will lead the new venture, also addressed the status of WarnerMedia CEO Jason Kilar and the future of CNN.
Associated Press:
Israeli airstrike destroys a high-rise in Gaza City that housed offices of AP and Al-Jazeera, after the military warned people to evacuate the building  —  GAZA CITY, Gaza Strip (AP) — Israel slammed the Gaza Strip with airstrikes, in a dramatic escalation that included bombing the home …
Discussion: Jerusalem Post, Associated Press, Associated Press, New York Times, Committee to Protect …, Insider, @linahalsaafin, The Guardian, Mediaite, @idf, @ap, The Definitive Source, @tomgara, @eylonalevy, @ajenglish, New York Times, @presssec, Forbes, New York Post, And another thing, @w7voa, @jpacedc, @wesleylowery, Columbia Journalism Review, Poynter, Washington Post, The Daily Beast, Vanity Fair, @brhodes, Wall Street Journal, @annaknelson_rsf, @willdizard, The Times of Israel, @mattifriedman, @lotteleicht1, Voice of America, @tvietor08, @isobelroe, @imtiaztyab, Fox News, The Indian Express, @rafaelshimunov, Associated Press, @ap, @abihabib, @snowden, @ap, Variety, @mirza9, @mirza9, @brianstelter, @jpacedc, @tomgara, @kredo0, @ztsamudzi, @eylonalevy, @karenattiah, @imtiaztyab, @jimlaporta, @mattmcbradley, @jimlaporta, @ggreenwald, @cbsnews, @brandondarby, @seldeeb, @lsarsour, @adamjohnsonnyc, @mitchellreports, @johnmdonnelly, @snowden, @gchikermane, @alastairmca30, @redsteeze, @margbrennan, @dloesch, @jongambrellap, @jerrydunleavy, @ranaayyub, @mrglenn, @sdkstl, @misstessowen, @alexcrawfordsky, @phillipsian, @dillonreedrose, @jasonrantz, @golan_yarden, @piersmorgan, @raniakhalek, @ostrov_a, @nytimes, @kenroth, @harryslaststand, @ajenglish, @rssliam, @wesleylowery, @ap, @berniceking, @richardgrenell, @bendepear, @emilygorcenski, @johncardillo, @ajenglish, @ajenglish, @naveedajamali, @briannawu, @winter, @ase, @iamumer1, A. Khaled's Blog, Newser and National Press Club
David M. Halbfinger / New York Times:
IDF spokesman is suspected of misleading the international press on a ground invasion in Gaza to dupe Hamas, which was mistakenly reported by NYT and others  —  A spokesman led the international media to believe that Israeli forces had entered Gaza.  They hadn't.  But the army wanted Hamas to think they had.
Apple says it will bring lossless audio to all Apple Music subscribers for free and will support Spatial Audio with Dolby Atmos, available from June  —  The next generation of sound on Apple Music is coming to subscribers June 2021 at no additional cost  —  CUPERTINO, CALIFORNIA Apple today …
Micah Singleton / Billboard:
Amazon Music HD is now available to Amazon Music Unlimited subscribers for free, effectively cutting the Hi-Fi service's price from $14.99 to $9.99 per month
Sarah Krouse / The Information:
Sources: Google's plans to match Apple's ATT changes have been delayed by internal concerns that such moves will diminish mobile ad revenues  —  Pressured by Apple's recent iPhone privacy initiative, Google is accelerating work to limit how app developers can track the 2.5 billion people who use phones powered by its Android software.
Zack Zwiezen / Kotaku:
After publishing and removing an article listing Palestinian charities, IGN says it didn't mean to make it seem “we were politically aligned with one side”  —  Following the most recent set of violent military strikes by the Israel Defense Forces that have leveled entire buildings …
Jay Peters / The Verge:
Twitch says it is switching to localized subscription prices in some non-US markets, which will often be lower, starting with Turkey and Mexico on May 20  —  Localized pricing is meant to increase streamers' earnings, but they'll need more subscribers  —  Twitch is announcing a big change …
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 More News: 
Todd Spangler / Variety:
DVD rental and streaming company Redbox is going public via SPAC in a deal that values the combined company at $693M; Redbox had earnings of $114M in 2020
Investors and analysts including Warren Buffett weigh in on “stupid” stock swings affecting ViacomCBS, Discovery, and AMC Entertainment, plus problematic SPACs
Matt Pearce / Los Angeles Times:
A look at the Ambies, Podcast Academy's annual podcast awards whose nominees across 23 categories were chosen by 100+ members, ahead of its inaugural show
Manish Singh / TechCrunch:
Amazon launches miniTV, an ad-supported free video streaming service that is available within the Amazon shopping app in India
The Intercept:
The Intercept stands by its reporting on Gab and “Riot Squad”, after it was accused of doxxing conservative journalists, says its reporters have been harassed
 Earlier Picks: 
Issie Lapowsky / Protocol:
A new Biden executive order revokes a Trump-era EO that targeted protections for social media platforms and asked the FCC to conduct a review of Section 230
Discussion: Engadget
Meg James / Los Angeles Times:
Les Moonves and ViacomCBS settle dispute over his payout; a contractor will pay a sum to Moonves, which he'll donate to charity, and $120M reverts to ViacomCBS
Jack Crosbie / Discourse Blog:
In internal meeting, CEO Meredith Levien defended NYT's refusal to voluntarily recognize The NYT Tech Guild, saying its members are tech people, not journalists
Julia Alexander / IGN:
Nickelodeon is a primary reason people are signing up for and watching streaming service Paramount+, says ViacomCBS CEO Bob Bakish
Paul Volpe / Politico:
Why WaPo likely looked outside its own ranks to hire a female EIC, including a shrinking newsroom before Bezos' takeover, plus structural and cultural issues