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4:55 PM ET, May 12, 2023

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 Top News: 
Lillian Rizzo / CNBC:
RELATED:
Lucas Manfredi / The Wrap:
Linda Yaccarino is stepping down as NBCU chairman of global advertising and partnerships and will be replaced by Mark Marshall in the interim  —  The executive will be succeeded in the interim by advertising sales and client partnerships president Mark Marshall
Washington Post:
A profile of Linda Yaccarino, who has vast experience in ad partnerships, praised Elon Musk publicly, and told colleagues that people get hung up on his tweets  —  Twitter has struggled to generate revenue since Musk took over as CEO, as advertisers have fretted over his sweeping rollbacks of content moderation.
Hugo Lowell / The Guardian:
Sources: CNN tried to book Trump for months; he agreed because his campaign reached an understanding that CNN would book Trump surrogates, which CNN denies  —  Questions also linger over what the network offered the ex-president in exchange for what some called a Trump infomercial
RELATED:
Brian Stelter / @brianstelter:
[Thread] On May 11's editorial call, CNN's Chris Licht says Kaitlan Collins “made a lot of news” and “America was served very well by what we did last night”
The Baron:
Reuters' EIC Alessandra Galloni lays out AI use guidance: journalists are responsible for greenlighting content that uses AI, disclosure is essential, and more  —  Reuters set out a framework for using artificial intelligence to support its journalism with “rigorous oversight by newsroom editors” …
Discussion: @palewire and @patwhite70
Washington Post:
A Florida bill weakening media protections against defamation claims failed to advance beyond a committee vote after facing criticism from right-wing outlets  —  Florida Gov. Ron DeSantis got most of what he encouraged the state legislature to pass as he gears up for a likely presidential run.
Discussion: The Rural Blog and @jjohnsonlaw
New York Times:
Netflix has become an avatar for the striking writers' complaints, as the streaming era eroded working conditions, stagnated wages, and disrupted residual pay  —  Fear of protests prompted the streaming giant to shift an anticipated presentation for advertisers to a virtual event and a top executive to skip an honorary gala.
RELATED:
Etan Vlessing / The Hollywood Reporter:
Lionsgate combines its film production and acquisition groups; the company is aiming to split off its pay TV and streaming business from studio operations  —  Nathan Kahane will lead a consolidating content group under chairman Joe Drake. … In the new structure, Lionsgate's Jason Constantine …
Naman Ramachandran / Variety:
Report: in 2022, EU and UK gross box office grew 70% YoY to €5.1B, but was down 28% relative to 2017-2019; cinema attendance grew 63% YoY to ~657M tickets sold  —  Gross box office in the European Union (EU) and the U.K. grew by 70% in 2022 compared with 2021 - from €3 billion …
Bloomberg:
Sources: Fifth Season, the studio behind the Apple TV+ series Severance, is looking to raise about $300M by issuing debt or selling a stake in the business  —  Fifth Season, the Hollywood studio behind the Apple TV+ series Severance and the football comedy 80 for Brady …
 
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 More News: 
Erin Woo / The Information:
Sources: TikTok has been offering artists custom deals that are more typical of major labels, exchanging licensing to TikTok for an advance and a revenue split
Ashley Carman / Bloomberg:
Beatdapp: at least 10% of music streaming activity is fraudulent, amounting to ~$2B a year in misallocated revenue, with scammers mislabeling content and more
Discussion: Wired
Seth Abramovitch / The Hollywood Reporter:
MTV News' reporters and executives reminisce about the outlet's influence: “like TikTok and Snapchat and Instagram and Spotify and YouTube all rolled into one”
Jay Peters / The Verge:
News sharing app Artifact now lets users follow writers and opt for notifications when they post; writers can claim their profiles to get a verified checkmark
 Earlier Picks: 
Laura Hazard Owen / Nieman Lab:
Google Search changes could significantly decrease publishers' traffic and affiliate revenue, but the Perspectives section may highlight individual journalists
Ivan Mehta / TechCrunch:
Meta announces AI Sandbox, offering generative AI tools to help select advertisers create text copy variations, background images from text, and cropped images
Max Tani / Semafor:
Tucker Carlson's Twitter show may temporarily solve his need for relevance, but to generate revenue he may use Rumble or launch something akin to The Daily Wire
 

 
From Techmeme:

Eugen Rochko / Mastodon Blog:
Mastodon forms a new US non-profit, to receive tax-deductible US donations and in-kind support, with Twitter co-founder Biz Stone and others on its board

Amanda Silberling / TechCrunch:
Some founders say TikTok ban won't impact creator economy startups much, as they have diversified across multiple platforms after Trump tried banning it in 2020

William Brown / Firstyear's blog-a-log:
Google and Apple use passkeys to capture users by locking credentials into their platforms and have made the UX of passkeys worse than that of password managers

 
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