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:
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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 …
Discussion:
The Guardian, @biannagolodryga, Outside the Beltway and New York Times, 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, New York Times, Washington Post, BBC, The Atlantic, Politico, NPR, One Man & His Blog, Substack, The Dossier, @bridgetmarie, @business, @thebrianpark, @liquidhbox, @johniadarola, The Comeback, @lesliemac, New Jersey Online, Today in Tabs, Hmm That's Interesting and Common Dreams, more at Techmeme »
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:
New York Times, @sherman4949, The Rebooting, @esotericcd, What's New in Publishing, New York Post, FTVLive, @margarita, @gabrielroth, @lindsaygoldwert, @mccarthyryanj, @jaspar, @dangillmor, @realityblurred, @vivian, @pilhofer, @brianbrackeen, @sherman4949, @bgrueskin, @ggreenwald, @niemanlab, @niemanlab, @cnbci, @_richardhall, @jonlemire, @thrasherxy, @kromandavid, @nytimes, @teflongeek and @benmullin
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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:
Variety, The Streamable, Next TV, Media Play News and Hollywood Reporter
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, @hkliberty_team, @suzannenossel, @danstrumpf, Financial Times, Financial Times and Financial Times
Charlotte Tobitt / Press Gazette:
Journalists from The Guardian, FT, and Daily Mirror were excluded from the UK Home Secretary's trip to Rwanda, where she signed a controversial immigration deal — Journalists from the Guardian, Financial Times and Mirror were allegedly blocked from joining Home Secretary Priti Patel's trip to Rwanda this month.
Tim Peterson / Digiday:
Roku partners with Analytic Partners, Ipsos, IRI, and Nielsen to provide more ad data for marketing mix modeling and help it better compete with traditional TV — To catalyze the shift of TV ad dollars to streaming will require not only proof of streaming's performance but evidence of what makes it perform.
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
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:
@baekdal, @michellemanafy, @carnage4life, @techwontsaveus, @bigmeaninternet, @tcarmody, @lucas_shaw, @lucas_shaw and @gergelyorosz
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, @benmullin and The Hollywood Reporter
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