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6:40 PM ET, March 29, 2023


 Top News: 
Brooks Barnes / New York Times:
Disney laid off Marvel Entertainment chairman Isaac Perlmutter as part of its 7,000 job cuts, after his unsuccessful effort to shake up Disney's board in 2022  —  The move was part of a company cost-cutting campaign and came after Mr. Perlmutter was part of an unsuccessful attempt to shake up Disney's board.
Adam B. Vary / Variety:
Disney absorbs Marvel Entertainment, which is separate from Marvel Studios, into other units; Dan Buckley, the division's president, now reports to Kevin Feige  —  Along with Perlmutter, Marvel Entertainment's co-president, Rob Steffens, and chief counsel, John Turitzin, were also dismissed.
Discussion: Deadline and @nash076
Wall Street Journal:
Sources: Disney has laid off over 300 employees in Beijing who worked on its streaming services, as the company carries out the first wave of 7,000 job cuts  —  Entertainment company began this week to carry out the first wave of a plan to cut 7,000 jobs  —  Walt Disney Co. DIS 2.16%increase …
Discussion: Deadline, New York Post and MediaPost
Elizabeth Lopatto / The Verge:
Substack's fundraising email, absent of any real financial information, reads like a cynical ploy and is not a good omen for the platform's longevity  —  Substack is desperate, huh?  That's what I understand from their fundraising email, anyway.  They're now hitting up retail investors …
Charlotte Klein / Vanity Fair:
Inside The Messenger's acquisition of Grid News, which came as a surprise to some Grid staff, who say they were told the startup had a two- to three-year runway  —  Grid News, a one-year-old start-up, shuttered this week after getting acquired by The Messenger, which launches next month.
Amanda Terkel / NBC News:
Newly released Dominion court presentation slides show Fox News aired 2020 election conspiracies despite its fact-checking “Brain Room” deciding they were false  —  A presentation from Dominion Voting Systems show emails detailing the Fox News fact checks, which were released Wednesday …
Aidan McLaughlin / Mediaite:
Sources detail the tensions between Tucker Carlson and Suzanne Scott, as Carlson is unaccountable to leadership and operates in his own fiefdom at the network  —  As Fox News finds itself beset by an internal crisis fueled by Dominion's $1.6 billion defamation suit, long-simmering tensions …
Max Goldbart / Deadline:
The UK publishes its draft Media Bill that could see Netflix, Disney+, and other US streamers fined up to £250K for breaking harmful material rules under Ofcom  —  The UK government has published its long-awaited draft Media Bill to bring the U.S. streamers under its regulatory framework …
Jim Waterson / The Guardian:
UK leaders plan to abolish a law forcing news outlets to pay court costs of those who sue them, as part of a bill that may increase streaming service regulation
Jay Peters / The Verge:
The YES Network, which airs New York Yankees, Brooklyn Nets, and New York Liberty games, launches a streaming service for $24.99/month in its regional territory  —  The Yankee Entertainment and Sports (YES) Network, a regional channel that broadcasts games from the New York Yankees …
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 Featured Newsletter: 
Subscription themes that shaped 2023  —  Approaches evolved and matured as subscriptions became a more central part of publishers' audience offerings and business models.
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 More News: 
Jem Aswad / Variety:
Email: Warner Music Group CEO Robert Kyncl plans to cut 270 positions, or ~4% of the company's global staff, as part of “some hard choices in order to evolve”
Ryan Barwick / Marketing Brew:
Google launches an Ads Transparency Center, showing all the ads from verified advertisers on its platforms, in the formats, the regions, and the dates they ran
Elias Leight / Billboard:
A Billboard charts analysis: it's a bit harder to get a top 40 hit than 20 years ago, but artists that do have similar odds of building a catalog of big tracks
 Earlier Picks: 
Joe Flint / Wall Street Journal:
The NFL and RedBird Capital create EverPass Media to stream NFL games and eventually other events to commercial establishments, starting with the 2023-24 season
[Thread] The New York Times CEO and top five executives made millions more in 2022, as NewsGuild members, who are negotiating a new contract, didn't get raises
Omari Daniels / Washington Post:
An appeals court reinstates Serial podcast subject Adnan Syed's murder conviction, after a lower court didn't give proper hearing notice to the victim's brother
A report claims Amazon is considering acquiring theater chain AMC Entertainment Holdings, whose stock initially jumped 18% and closed up 13.19% on March 28

From Techmeme:

Adam Satariano / New York Times:
The EU reaches a deal on the AI Act, a comprehensive attempt to limit the use of the technology; the law still needs to go through a few steps for approval

Nitasha Tiku / Washington Post:
Sources: complaints from some senior OpenAI leaders that Sam Altman had been psychologically abusive were a major factor in the board's decision to fire Altman

Sarah Perez / TechCrunch:
As Beeper Mini experiences an outage, Beeper CEO Eric Migicovsky says that “all data indicates” Apple found a way to cut off the app's ability to function

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