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8:20 PM ET, July 5, 2022

Mediagazer

 Top News: 
Joe Pompeo / Vanity Fair:
Allen & Co.'s annual Sun Valley conference begins on July 5 featuring Warner Bros. Discovery, Disney, Netflix, and more, as financial woes dampen dealmaking  —  As fleece-clad billionaires—and newcomers like Bari Weiss—flock to Idaho this week, Sun Valley fixtures are buzzing about Netflix's future …
Manori Ravindran / Variety:
To cut costs, HBO will cease producing HBO Max originals in the Nordics, Central Europe, the Netherlands, and Turkey and will also remove some HBO Max content  —  As the media conglomerate looks to recalibrate its streaming priorities, it will no longer produce originals in the Nordics …
RELATED:
Lucas Shaw / Bloomberg:
Netflix, Amazon, Warner Bros., and others are cutting costs and scrapping TV shows at record rates; 559 scripted shows were released in 2021, up by 200+ on 2013
Alex J. Rouhandeh / Newsweek:
IBT Media sues Newsweek and its CEO, seeking to cancel the 2018 deal to spin out Newsweek, which IBT claims was a PR stunt to shield the magazine from bad press  —  IBT Media is asking a New York court to cancel a 2018 deal in which Newsweek was spun off as an independent company …
Cristina Criddle / Financial Times:
Sources: TikTok abandons plans to expand its TikTok Shop live e-commerce program to Europe and the US, after internal problems and a lack of traction in the UK  —  Chinese-owned social media platform's foray into livestream shopping in the UK has struggled to gain traction
Erik Crouch / Committee to Protect Journalists:
The CPJ says the US should ensure accountability in Shireen Abu Akleh's killing, after the US said a probe found no reason to believe her death was intentional  —  The U.S. government should ensure that those responsible for the killing of Palestinian American journalist Shireen Abu Akhleh …
Foo Yun Chee / Reuters:
EU lawmakers pass the Digital Services Act and the Digital Markets Act, seeking to regulate US tech giants, but limited resources could hamstring enforcement  —  EU lawmakers gave the thumbs up on Tuesday to landmark rules to rein in the power of tech giants such as Alphabet (GOOGL.O) …
Stephen Grey / Reuters:
In a Reuters interview from jail, the man accused of detonating the car bomb that killed Maltese journalist Daphne Caruana Galizia confesses to the crime  —  The man accused of detonating a car bomb that killed a prominent Maltese journalist has confessed to the crime in an interview …
Chris Roush / Talking Biz News:
Bloomberg News' investigations team adds five members, including four from BuzzFeed News: Anthony Cormier, Jason Leopold, Kendall Taggart, and Alex Campbell  —  Bloomberg senior executive editor Otis Bilodeau and executive editor Robert Blau sent the following memo to Bloomberg's investigations team on Tuesday:
Elizabeth Aubrey / NME:
David Crosby, Stephen Stills, and Graham Nash's music returns to Spotify, after they removed it in February in solidarity with Neil Young's Joe Rogan protest  —  Of the news, David Crosby said: “I don't own it now and the people who do are in business to make money”
Gary Ng / iPhone in Canada Blog:
Canada's CBC News plans to launch a free, ad-supported streaming news channel for local, national, and current affairs, on digital and TV platforms this fall  —  CBC News announced on Thursday it will be launching a new ad-supported streaming channel across its digital platforms this fall.
Discussion: @greenfield64 and @jackshafer
Lauren Easton / Associated Press:
The Associated Press reopens its Gaza Strip bureau in a new location over a year after an Israeli airstrike destroyed the building housing its former office  —  Over a year after the building housing the news agency's Gaza bureau was destroyed in an Israeli airstrike, The Associated Press announced today …
Reuters:
French music streamer Deezer goes public via a SPAC merger on the Euronext stock exchange, opening at €8.50 per share before dropping 29.41% to €6  —  Shares of French music-streaming platform Deezer plunged as much as 35% on its first trading day, in a blow to telecoms maverick Xavier Niel …
 
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 More News: 
Jeffrey M. Jones / Gallup:
A Gallup survey of Americans' confidence in major US institutions shows a drop of 5 percentage points for both newspapers and TV news from 2021 to 2022
Terence McGinley / New York Times:
A Q&A with David Fahrenthold on why the world of nonprofit charities is prime for investigative reporting, how he became an investigative reporter, and more
 Earlier Picks: 
Colby Hall / Mediaite:
NPR ends its 33-year tradition of reading the US Declaration of Independence on July 4, instead discussing the meaning of the phrase “all men are created equal”
Alexandra Topping / The Guardian:
In a reversal, the BBC says it received six complaints against DJ Tim Westwood, alleging bullying and sexual misconduct, including one it referred to the police
Angela Fu / Poynter:
The Aspen Times suffered a staff exodus after its new owner, Ogden, quashed coverage of a defamation lawsuit by billionaire Vladislav Doronin against the outlet