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10:25 AM ET, June 2, 2023


 Top News: 
Mickey Djuric / Canadian Press:
Meta tests blocking news on Instagram and Facebook in Canada, planning for a potential full block of news outlets if Canada passes Bill C-18, following Google  —  OTTAWA - Meta is preparing to block news for some Canadians on Facebook and Instagram in a temporary test that is expected to last the majority of the month.
The Guardian:
Elan Closs Stephens is appointed acting chair of the BBC and will start from June 27 for 12 months or until a permanent chair is found, whichever is sooner  —  BBC board member to assume role from 27 June after resignation of Richard Sharp  —  Prof Dame Elan Closs Stephens …
Dade Hayes / Deadline:
Netflix shareholders decline to support a nonbinding proposal approving 2023 compensation for top execs after the WGA urged rejection of “inappropriate” pay  —  Netflix shareholders declined to support a proposal affirming the pay packages for top executives during a vote …
Insider Union says it has failed to agree on a fair contract with Insider management and 250 employees are now on indefinite strike  —  It's official: THE INSIDER UNION IS ON STRIKE. Management failed to agree on a fair contract that settles our healthcare ULP and pays us what we're worth. Starting now, over 250 Insider employees are on indefinite strike. You want us back @thisisinsider? Settle the contract. ✊ [image]
Andrew Sheeler / Sacramento Bee:
The California Assembly votes 46-6 to pass a bill requiring tech companies to pay a percentage of ad revenue to outlets; the bill advances to the State Senate  —  One day after Facebook parent company Meta threatened to remove news content from its platforms if Assembly Bill 886 becomes law …
Wall Street Journal:
CNN names veteran Warner Bros. Discovery executive David Leavy as its COO, to take over commercial, operational, and promotional activities across the channel  —  Aide to Warner Bros. Discovery boss David Zaslav to help network CEO Chris Licht focus on programming
Sophie Culpepper / Nieman Lab:
The New York Times launches a free, geotargeted weather newsletter that lets readers pick up to four places in the continental US for which to get risk alerts  —  Readers can opt in to receive morning emails explaining the level and type of extreme weather risk in up to four different places.
Porter Anderson / Publishing Perspectives:
Audio Publishers Association: US audiobook revenue grew 10% YoY to $1.8B in 2022; publishers say digital audio made up 10.4% of 2022 US book publishing revenue  —  The Audio Publishers Association finds in its annual report that audiobook sales generated US$1.8 billion in the United States in 2022.
Discussion: Publishers Weekly
Todd Spangler / Variety:
Verizon introduces a streaming bundle combining Netflix Premium and Paramount+ with Showtime for $25.99/month, via its +play subscription aggregation hub  —  For the first time, rival streaming services Netflix and Paramount+ are coming together in a price-discounted bundle, exclusively for Verizon wireless customers in the U.S.
Elahe Izadi / Washington Post:
Hundreds of US employees at 24 Gannett newspapers plan to walk off the job on June 5, the day of Gannett's annual shareholder meeting, to protest budget cuts  —  Hundreds of staffers at Gannett newspapers across seven states are protesting their company's leadership and job cuts
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 More News: 
The Block:
The Block unveils a real-time News API that gives developers, investors, and data providers access to its sector-specific coverage of crypto and digital assets
Isaac Schorr / Mediaite:
The Daily Wire claims that Twitter canceled a deal to premiere What Is a Woman and threatened to “throttle” the documentary over two instances of “misgendering”
 Earlier Picks: 
Elahe Izadi / Washington Post:
The Washington Post Senior Managing Editor Cameron Barr plans to leave at the end of June after 19 years at The Post, to move to England and return to writing
Aisha Malik / TechCrunch:
Wattpad revamps its Creators Program, including adding a commitment to writing 500 words per week; the program has paid out nearly $3.8M in stipends since 2022
James R. Hagerty / Wall Street Journal:
William O'Neil, who founded Investor's Business Daily in 1984 before selling the financial news and research outlet to News Corp in 2021, dies at 90
Discussion: @thecompoundnews