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8:55 PM ET, May 18, 2021

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 Top News: 
Benjamin Mullin / Wall Street Journal:
Profile of David Zaslav, one of the highest-paid US corporate CEOs, who spent 14 years building Discovery into the preeminent player in unscripted programming  —  The TV deal maker will head the new venture formed by his company's merger with AT&T's WarnerMedia, as he seeks to build a streaming juggernaut
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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
Discussion: Hollywood Reporter, The Wrap, Columbia Journalism Review, New York Times, CNBC, Axios, @cnbc, @sherman4949, @frankpallotta, @claireatki, Hollywood Forever, @adamconover, SHERO, American Press Institute, CNN, Los Angeles Times, New York Times, The Week, The Ringer, Poynter, New Republic, @brianstelter, @jbarro, Variety, Washington Post, @kerrymflynn, @senblumenthal, @sherman4949, @loudmouthjulia, @lucas_shaw, @lucas_shaw, @lucas_shaw, @sadogre, Axios, @lucas_shaw, @nycsouthpaw, @gadyepstein, @pkafka, @hblodget, @karlbode, @andrearene, @benyt, @panzer, @mattdraperyt, @thetruebrendanf, @magsvisaggs, @jeremymbarr, @dylanbyers, @dylanbyers, @jasonlynch, @sherman4949, @loudmouthjulia, @mims, @cnbc, @digitalshields, @erikdavis, @rakeshlobster, @karaswisher, @ditzkoff, @keithboykin, @cgasparino, @edmundlee, @pkafka, @brianstelter, @jackmirkinson, @frankpallotta, @nichcarlson, @awallenstein, @jbflint, @scottporch, @sherman4949, @zakiscorner, @thatjakepc, @cgasparino, @gracerandolph, @backlon, @pkafka, @sarafischer, @richlightshed, @w7voa, The Information, @alexweprin, @carnage4life, @mbgelman, @sherman4949, @sherman4949, @loudmouthjulia, @kerrymflynn, @sherman4949, @brazilbrian, @brianstelter, @richlightshed, @sivavaid, @sherman4949, @loudmouthjulia, @brianstelter, @sherman4949, @lucas_shaw, @jimwaterson, Insider, @oliverdarcy, Variety, CNN, Scrawler, IndieWire, Forbes, ScreenRant, Den of Geek, @kimmasters, @megjameslat, @reckless, Vanity Fair, Variety, Gizmodo and /Film
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
Brooks Barnes / New York Times:
Sources: Jason Kilar is negotiating his departure as CEO of WarnerMedia, after being kept in the dark about the deal with Discovery until recent days
Jonathan Chait / New York Magazine:
The attempt by Bill Barr's DOJ to unmask a Twitter parody account showed its willingness to use power to intimidate critics, in violation of the First Amendment  —  Of all the extraordinarily hackish maneuvers Bill Barr's Justice Department undertook to protect Donald Trump …
Kerry Flynn / CNN:
Forbes staffers announce plans to form a union; more than 80% of about 105 editorial staffers have signed union cards with the NewsGuild of New York  —  New York (CNN Business)At Forbes, a publication known for its coverage of the rich and powerful, its employees are fighting …
Ingrid Lunden / TechCrunch:
Piano, which offers analytics, subscription, and personalization tools for publishers, raises $88M Series B, bringing its total raised to $241M+  —  As publishers face up to whatever might be their next existential crisis — there are so many options from which to choose …
Discussion: MediaPost
Charlotte Tobitt / Press Gazette:
A small UK study found that online abuse has become “more commonplace, more vile and more serious”, and journalism students need training on what they'll face  —  It is “necessary” to better prepare journalism trainees for the realities of increasingly “vile” online abuse they could face, according to a new report.
Reporters Without Borders:
Reporters Without Borders launches an online tool for its Journalism Trust Initiative to identify and reward trustworthy news sources  —  - Reporters Without Borders (RSF) launches new web offer designed to identify and reward trustworthy news sources;  — Media outlets can use the online app …
Tyler Falk / Current:
After an outside investigation, New York Public Radio has fired On the Media host Bob Garfield for violating its anti-bullying policy  —  New York Public Radio has fired On the Media host Bob Garfield for violating its anti-bullying policy, the organization said Monday.
Sara Fischer / Axios:
Sources: Coinbase is launching its own media unit that will create content for retail and institutional investors and report to its marketing team  —  Crypto giant Coinbase is launching its own media operation and looking to poach a top media editor to guide the effort, sources tell Axios.
 
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 More News: 
Ashley Carman / The Verge:
Spotify will auto-transcribe certain original shows in the coming weeks as part of a beta rollout of the feature that it aims to eventually enable for all shows
Sarah Perez / TechCrunch:
Facebook debuts “Live Shopping Fridays” event series, featuring brands live streaming beauty, skincare, and fashion content on a weekly basis starting May 22
Alexandra Bruell / Wall Street Journal:
VideoAmp, which helps brands measure ad campaigns across digital and traditional TV, raises $75M in debt financing; source: it expects $80M in revenue this year
Paul Karp / The Guardian:
Australian high court is hearing a case on whether News Corp and Fairfax Media are responsible for defamatory third-party comments on their Facebook pages
Discussion: @paul_karp
 Earlier Picks: 
Zack Zwiezen / Kotaku:
In a letter to management, 66 IGN staffers demand a post listing Palestinian charities be reinstated after its removal, saying editorial integrity was subverted
The Information:
Source: Amazon is in talks to acquire MGM for between $7B and $10B, in what would be its biggest move to expand into entertainment
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