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.
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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:
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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 …
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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:
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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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