Top News:
Lauren Feiner / CNBC:
Twitter agrees to be acquired “by an entity wholly owned by Elon Musk” for $54.20 per share in cash; the ~$44B deal requires shareholder and regulatory approval — - Twitter's board accepted billionaire Elon Musk's offer to buy the social media company and take it private, the company confirmed.
Discussion:
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Brooke Singman / Fox News:
Trump says that, regardless of Elon Musk's Twitter purchase, “I am not going on Twitter, I am going to stay on Truth”, whose stock closed down 12.9% on Monday — Trump said a Musk Twitter takeover would be a positive development, but he will stay with his own platform
Discussion:
Politico, Axios, New York Times, Washington Post, The Hill, The Wrap, CNBC, USA Today, The Atlantic, Al Jazeera, The Verge, The Writing Shed …, New York Post, Bloomberg, MarketWatch, Tech Policy Press, Music Ally, CNN, CBS News, San Francisco Chronicle, Los Angeles Times, @maggienyt, MarTech, @froomkin, Mediaite, Gizmodo, Breitbart, Vox, Noahpinion, Deadline, New York Magazine, Rolling Stone, @fredbenenson, Newser, Old Mom Things, Insider, @drewharwell, CNET, @alexplitsas, @tcarmody, ScreenRant, @palafo, Rounding the Earth Newsletter, @frankluntz, @sykescharlie, @obrien, The Verge, TechCrunch, The US Sun, CNBC, Variety, Defending Privacy and Reuters, more at Techmeme »
The Verge:
Elon Musk says he wants to improve Twitter by “making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans” — Elon Musk will buy Twitter for $45.5 billion — Twitter has accepted Elon Musk's offer to purchase the company for $45.5 billion …
Discussion:
@mattyglesias, Washington Post, Popular Information, Axios, BBC, Columbia Journalism Review, The Atlantic, One Man & His Blog, The Dossier, @bridgetmarie, @business, @thebrianpark, @liquidhbox, @johniadarola, @lesliemac, Hmm That's Interesting, Today in Tabs, The Comeback, Common Dreams, Substack and New Jersey Online, more at Techmeme »
Javier Espinoza / Financial Times:
EU internal market commissioner Thierry Breton warns Elon Musk that Twitter must follow the new Digital Services Act rules or face fines and even a ban — EU commissioner Thierry Breton tells Tesla chief executive: ‘Elon, there are rules’ — Brussels has warned Elon Musk that Twitter must comply …
Alex Sherman / CNBC:
Sources: rival strategies for CNN+, combined with unexpected events like Jeff Zucker's resignation and the Discovery merger, fueled the service's rapid demise — Chris Licht wasn't supposed to start his new job as CNN's chief until May. — But on Thursday he found himself addressing …
Discussion:
Axios, New York Times, Thought Sparks, @sherman4949, @axios, @esotericcd, What's New in Publishing, The Rebooting, New York Post, @margarita, @gabrielroth, @lindsaygoldwert, FTVLive, @mccarthyryanj, @jaspar, @dangillmor, @realityblurred, @vivian, @pilhofer, @brianbrackeen, @sherman4949, @bgrueskin, @ggreenwald, @niemanlab, @niemanlab, @cnbci, @_richardhall, @jonlemire, @thrasherxy, @kromandavid and @nytimes
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The New York Times Company:
Dean Baquet will lead a new one-year local investigative journalism fellowship at the NYT, which will offer free co-publication to local news outlets — The New York Times announces a new fellowship for investigative journalism focused on the state and local level.
Discussion:
@nytimespr, WWD, @fenitn, @maggienyt, @ceciliakang, @talmonsmith, @jodikantor, @christophclarey, @brianstelter, @pressgazette, @ericalg, @froomkin, @cliffordlevy, @itsmelissabrown and @cliffordlevy
Helen Davidson / The Guardian:
Hong Kong's Foreign Correspondents' Club scraps the Human Rights Press Awards days before its plan to announce the winners, citing national security law fears — Foreign Correspondent's Club's decision sparks outrage from journalists and resignations from press freedom committee
Discussion:
Reuters, Al Jazeera, @hkliberty_team, @suzannenossel, @danstrumpf, Financial Times, Financial Times and Financial Times
Lucas Shaw / Bloomberg:
Sources: Netflix staff morale is down amid its declining stock price, subscriber losses, and an engineering restructuring to create “junior” and “senior” levels — As Netflix shares plunge to their lowest point in five years, the company risks losing its most valuable resource: its star employees.
Discussion:
@michellemanafy, @carnage4life, @baekdal, @techwontsaveus, @bigmeaninternet, @tcarmody, @lucas_shaw, @lucas_shaw and @gergelyorosz
Dade Hayes / Deadline:
Lionsgate and Roku strike a deal under which the studio's films will have exclusive runs on the free, ad-supported Roku Channel after they play on Starz — Lionsgate and Roku have struck a deal giving the studio's feature films an exclusive streaming run on the free, ad-supported Roku Channel after they play on Starz.
Discussion:
Axios, Variety, The Streamable, TechCrunch, Next TV, The Verge, Media Play News, Hollywood Reporter and WORLD SCREEN
Charlotte Tobitt / Press Gazette:
Guardian, FT, and Daily Mirror journalists were excluded from the UK Home Secretary's trip to Rwanda, where she signed a controversial asylum seeker deal — Journalists from the Guardian, Financial Times and Mirror were allegedly blocked from joining Home Secretary Priti Patel's trip to Rwanda this month.
Todd Spangler / Variety:
Toni Reid joins YouTube as VP of product management to oversee Shorts, Gaming, livestreaming, and community products, after 24 years at Amazon — Toni Reid, after 24 years at Amazon, is joining YouTube as VP of product management to lead the video platform's Emerging Experiences and Community team.
Discussion:
AdExchanger and Tubefilter
Benjamin Mullin / New York Times:
Kevin Hart's media company HartBeat, which has deals with Peacock and Netflix, raises $100M from PE firm Abry Partners, sources say at a $650M valuation — The deal with Abry Partners is the latest example of private equity's pushing into Hollywood to cash in on the demand for streaming shows.
Discussion:
The Wrap, Variety, Deadline, The Hollywood Reporter and @benmullin
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