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6:25 PM ET, June 7, 2023

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 Top News: 
Sara Fischer / Axios:
CNN CEO Chris Licht confirms he plans to step down after 13 months, following a damning Atlantic profile last week and the Donald Trump town hall in May 2023  —  Chris Licht, the embattled CEO of CNN, plans to step down, he confirmed to Axios on Wednesday.  Licht has been on the job for 13 months.
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Semafor:
Chris Licht managed CNN anchors poorly and his push to the political center failed, but the fundamental issue is that cable news is in a broad, secular decline  —  Chris Licht will be stepping down as the CEO and Chairman of CNN.  His departure was first reported by Puck News early Wednesday.
Alex Griffing / Mediaite:
CNN has also let go of Chris Licht's top executives, including comms chief Kris Coratti, head of strategic comms Matt Dornic, and chief of staff Devan Cayea  —  After news dropped on Wednesday morning that CNN's CEO Chris Licht had been fired from the ratings-beleaguered network …
Lucas Manfredi / The Wrap:
Internal memo: WBD CEO David Zaslav addresses CNN CEO Chris Licht's departure saying, “I take responsibility” and “things did not work out the way we had hoped”
Brian Steinberg / Variety:
WBD CEO David Zaslav has a history of tearing down and renovating what he considers to be underperforming cable assets, but this strategy might not work for CNN
RELATED:
Dominick Mastrangelo / The Hill:
Tucker Carlson posts the first episode of his new show, Tucker on Twitter; the episode is just over 10 minutes long and appears to be from his rural Maine home
Meg James / Los Angeles Times:
The Los Angeles Times cuts 74 newsroom jobs, or ~13% of its total staff, including editors, photographers, audio producers, and the audience engagement team  —  The Los Angeles Times is cutting its newsroom staff, becoming the latest news organization to contract amid economic pressures brought …
Casey Newton / Platformer:
How Twitter, YouTube, and Meta gave up on removing lies about the 2020 US presidential elections, after having briefly banded together to do the right thing  —  For a time, they fought the good fight — but not any more  —  I.  —  On tech platforms these days you can get away with just about anything …
Jessica Toonkel / Wall Street Journal:
Sources: Amazon plans to launch an ad-supported Prime Video tier and is talking with WBD and Paramount about adding their ad-based tiers to Prime Video Channels  —  Discussions come as ad buyers have been pushing for more access to premium shows and movies  —  Amazon is planning to launch …
Amrita Khalid / The Verge:
Spotify combining Gimlet and Parcast into a single unit signals the company moving away from pricey originals to amateur podcasters and creator partnerships  —  When Spotify announced yesterday that it would lay off 200 employees from its podcast unit and combine Gimlet and Parcast into a single operation …
Financial Times:
Sources: Lloyds puts B.UK, a holding company controlling Telegraph titles and The Spectator, into receivership over the Barclay family owing almost £1B in debt  —  UK bank to seek sale of media group over almost £1bn in debts owed by Barclay family
Sahil Patel / The Information:
Sources: BuzzFeed is exploring selling Complex Networks, which the outlet acquired when going public in late 2021 for nearly $300M; Complex's revenue has fallen  —  BuzzFeed is exploring a potential sale of Complex Networks, a digital media firm it acquired when going public in late 2021 …
Discussion: The Wrap and @theinformation
The Athletic:
Sources: MLS and Apple discussed sharing new Season Pass subscriber revenue with Lionel Messi; on June 6, Apple unveiled a four-part Messi docuseries on TV+  —  Major League Soccer and Inter Miami are solidifying details around the potential signing of Argentine superstar Lionel Messi.
 
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 More News: 
Matthew Keys / Fierce Video:
YouTube launches a version of its Primetime Channels in Germany, its first market outside of the US, offering subscriptions ranging from €3/month to €100/year
Discussion: SportBusiness, Thanks:@thedeskdotnet
Sara Fischer / @sarafischer:
OutVoice, a freelancer management and payment service for media companies, acquires Study Hall, a newsletter and online freelancer community, for six figures
Alyssa Mercante / Kotaku:
A look at Twitch's new ad rules for branded content, a crucial source of income for creators; after an outcry, Twitch says the initial update was “overly broad”
 Earlier Picks: 
Dan Rys / Billboard:
An interview with Lior Tibon, the co-founder of Duetti, a music financing startup that buys rising or independent artists' back catalogs and has raised $32M
Lesley Goldberg / The Hollywood Reporter:
The CW says the LIV Golf and PGA Tour merger won't change the LIV Golf event schedule for 2023 on The CW, which includes coverage of seven more tournaments
 

 
From Techmeme:

Rachel Metz / Bloomberg:
OpenAI CEO Sam Altman says that co-founder Ilya Sutskever won't be a board member, but that the company is “discussing how he can continue his work at OpenAI”

Wall Street Journal:
Sources: Meta plans to launch Threads in the EU in December, its largest expansion since its July 2023 debut, but only for consumption, no profiles or posting

Joe Rossignol / MacRumors:
Apple says Amkor will package some Apple silicon chips in its new Arizona facility; Amkor plans to invest $2B, employ 2,000, and start production in 2-3 years
 
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