Mediagazer: 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 (Reuters)

8:10 AM ET, July 6, 2022

Top News:

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 …

Discussion: United States Department …, @btselem, Reporters Without Borders, @bowenbbc, @pressfreedom, Voice of America, @kenklippenstein, Al Jazeera, @pwidakuswara, @jstreetdotorg, @btselem, @maxberger, @colinkalmbacher, @jjz1600, New York Times, Jewish Telegraphic Agency and Politico

Lucas Shaw / Bloomberg:

Netflix, Amazon, Warner Bros., and others cut costs, staff, movies, and TV shows; the industry released 559 scripted shows in 2021, up by 200+ compared to 2013 — The sudden decline in Netflix's share price and the growing fear of a recession have forced Hollywood into a new period of fiscal austerity.

Discussion: @trengriffin, @merrillbarr, @lucas_shaw, Digiday, TechCrunch, @mattrosoff, The Streamable, @nickandmore, mxdwn Television and Tom's Guide

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:

Discussion: @jasonleopold, @kendallttaggart, @vermontgmg, @levinecarrie, @katherineeban, @jasonleopold, @coreygjohnson, @craigsilverman, @calebmelby, @sarahfrier, @georgewpapajohn, @jamespmanley, @kenbensinger and @kantrowitz

Stuart A. Thompson / New York Times:

Analysis: “Democrats cheating” and similar ideas have been raised 5K+ times on radio shows in 2022; radio remains the most influential medium for conservatives — Election fraud claims from 2020 are widespread on talk radio, contributing to the belief that the midterm results cannot be trusted.

Discussion: @melissajpeltier, @timjgraham, @patrick_hruby, @kaleighrogers, @jillgeisler, @gpaddymanning, @b52malmet, @dankennedy_nu, Wayne Besen, @timjhogan and @emilymason1192

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

Discussion: The Verge, @martinsfp, Music Business Worldwide, @ericjhonsa, @adrianweckler, The Information, @iiiitsandrea, @dinafierro_, The Drum, Tubefilter, @adhutchinson, @mattnavarra, TechCrunch, PRWeek, Newslit Daily and 9to5Mac

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 …

Discussion: New York Times, Variety, Bloomberg, @geopolitics_emp, @vanityfair, Deadline, @mlcalderone, Forbes, iTech Post, The Apple Post, Idaho Mountain Express, MacRumors, AppleInsider, 9to5Mac and The Hollywood Reporter

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 …

Discussion: @mathewi, @film_girl, @natsecjeff, @mattgertz, @petersterne, @zzzzaaaacccchhh, @moorehn, @sivavaid, @jeffjarvis, @bmorrissey, @naveedajamali, @petersgoodman and MediaPost

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 …

Discussion: Media1, @stephengrey, @sarah_m_clarke, @rebecca_vincent, @heidi_cuda, @w7voa, @globalfreemedia, @wonderymedia, The Guardian, The Daily Beast and Politico

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 …

Discussion: @katzonearth, Mediaite, @rosiescammell, @hallamohieddeen, @juliepace and Jewish Telegraphic Agency

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) …

Discussion: @bertuzluca, LinkedIn, Protocol, TechCrunch, @tariqkrim, Input, @thierrybreton, @carnage4life, @slightlylate, Gizmodo, Bloomberg, 9to5Mac, MacRumors, AppleInsider and European Parliament, more at Techmeme »

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 …

Discussion: Fast Company, Music Business Worldwide and Light Reading

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 — WASHINGTON, D.C. — Americans are less confident in major U.S. institutions than they were a year ago, with significant declines for 11 …

Discussion: The Hill, @akarl_smith, @mattdpearce, Monmouth University …, @jeffereyjaxen, @patterdude, @ron_fournier, @sjdemas, Fox News, Reason, @schwartztv, @oknox, @ggreenwald, @ryanlcooper, Mediaite, @bijans, Insider, New York Post, WGN-TV and Opinion Today

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More News:

Matt Ott / Associated Press:
The union representing 250+ workers at News Corp's HarperCollins says members authorized a strike if the publisher fails to meet demands for better pay and more

Discussion: Publishers Weekly

Krassen Nikolov / Euractiv:
Bulgarian secret services say they have data showing that Russia pays about €2,000/month to journalists and others to shape public opinion

Discussion: @iuliiamendel and @stollmeyereu

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

Discussion: @fahrenthold, @jdawsey1, @hollyvhays, @houmanitarian, @ngreenberg and @michaelkruse

Dominic Ponsford / Press Gazette:
The Guardian joins Google News Showcase in the UK, making Daily Mail owner DMGT the only major mainstream UK commercial publisher not part of the initiative

Discussion: @pressgazette, @googleuk, The Keyword and HoldtheFrontPage

Seb Joseph / Digiday:
Digital ad and linear TV ad spending by the top crypto advertisers in the US plummeted in the past few months amid the cryptocurrency markets' sharp decline

Discussion: @samro, @ahcastor and @davidgerard

Miranda Bryant / The Guardian:
News UK's talkTV apologizes to Mind on air after presenter Mike Graham claimed in June that the UK mental health charity funded the legal fees of asylum seekers

Discussion: @markoneinfour, @stopfundinghate, Third SectorMainNet and Deadline

Earlier Picks:

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

Discussion: @greenfield64 and @jackshafer

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

Discussion: Los Angeles Times, Billboard, UPROXX, New York Post, The Independent, The Daily Beast, Consequence, Pitchfork, Engadget, EssentiallySports, The Verge, Stereogum, New York Post, The Wrap, Los Angeles Times, Deadline and Hollywood Reporter

Alex Weprin / Hollywood Reporter:
As NESN and Sinclair-owned Bally Sports launch streaming offerings, regional sports networks envision a hybrid DTC and pay TV model for the foreseeable future

Discussion: @mulvihill79 and @tvgrimreaper

Press Gazette:
Daily Mail owner DMGT relaunches Mail+, giving users access to exclusive print content, podcasts, puzzles, and more for £10.99 per month or £131.88 per year

Discussion: @timgatt, @hayley_barlow, @eduardosuarez and @pressgazette

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”

Discussion: @code_star, @danielberman2, @leilafadel, @nprinskeep, @grahambrewer, @nprinskeep, @sarahmccammon, @nprinskeep, @allisonlcarter, @smotus, New York Post, The Wrap, Fox News and NPR

From Techmeme:

Raffaele Huang / Wall Street Journal:
Apple removes WhatsApp, Threads, Signal, and Telegram from its App Store in China, after orders from the country's regulators citing national security concerns

Ryan Morrison / Tom's Guide:
Microsoft researchers introduce VASA-1, an AI model that can create a realistic talking face video from a portrait photo and an audio file, in research preview

Foo Yun Chee / Reuters:
Sources: EU may accept Apple's proposal to open its NFC payments tech to rivals, and may close its antitrust probe in May, letting Apple avoid hefty fines

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