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3:05 PM ET, June 7, 2023


 Top News: 
Sara Fischer / Axios:
CNN CEO Chris Licht confirms he plans to step down, replaced by Amy Entelis in the interim, after a damaging Atlantic profile and Donald Trump town hall  —  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.
Discussion: CNN, New York Times, Variety, @oliverdarcy, @dylanbyers, CNBC, Adweek, @dylanbyers, NPR, Los Angeles Times, @brianstelter, Puck, Insider, Vanity Fair, @claireatki, MediaPost, @brianstelter, Media Matters for America, The Nation, Warner Bros. Discovery, @maxwelltani, The Week, @sarafischer, @dylanbyers, Washington Post, @semafor, @semaforben, Crain's New York Business, Media Nation, Page Six, @bristei, @oliverdarcy, @sarafischer, Mediaite, Wall Street Journal, @jamiestelter, @wesleylowery, The Guardian, @brianstelter, @ditzkoff, @oliverdarcy, Agence France-Presse, @oliverdarcy, @ahmedbaba_, @mattdpearce, The Hill, The Desk, The Wrap, @mrjamesob, @brianstelter, @sulliview, @richardpbacon, @great_katzby, @bencjacobs, @sarafischer, @josheidelson, @sherman4949, @jayrosen_nyu, @brianstelter, Newser, @benmullin, @esaagar, @emptywheel, Media Play News, @sherman4949, @scottnover, @eugene_scott, @nprinskeep, @heerjeet, @benjysarlin, @modestproposal1, @oneunderscore__, @djrothkopf, @mattbelloni, @ahmedbaba_, @sarafischer, @markjacob16, @brianstelter, @richlightshed, @karlbode, @dylanbyers, @sarafischer, @dylanbyers, @dorianlynskey, @maxwelltani, @sarthakgh, @brianstelter, @aexm, @sherman4949, @andrewfeinberg, @dylanbyers, @great_katzby, @juddlegum, @sarafischer, @qjurecic, @scottnover, @jeremymbarr, @brianstelter, @mattzeitlin, @erichaywood, @ndrew_lawrence, @brianstelter, @repdougcollins, TVLine, @joeconchatv, @atrupar, 24/7 Wall St., @dylanbyers, @loudmouthjulia, @alex, @sherman4949, Variety, @jeffjarvis, @karaswisher, @brianstelter, @sarafischer, @cherijacobus, @karaswisher, @jamesrbuk, @eugene_scott, @dylanbyers, @ivanthek, @scottnover, @taylorpopielarz, @tanzinavega, @brianstelter, Insider, Fortune, The Bookseller and Hollywood Reporter
Alex Griffing / Mediaite:
CNN has also let go Chris Licht's top lieutenants, including comms chief Kris Coratti, strategic comms head 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 …
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  —  Analysis: Warner Bros. Discovery's news giant is no fixer-upper, and probably shouldn't be treated as such
Chris Licht managed talent poorly and the push to shift CNN to the center politically failed, but the fundamental issue is that cable news is in 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.
Lucas Manfredi / The Wrap:
Internal memo: WBD CEO David Zaslav addressed Chris Licht's departure, saying “I take responsibility” and “things did not work out the way we had hoped”
Meg James / Los Angeles Times:
The LA Times is cutting 74 newsroom jobs, representing 13% of total staff; layoffs will affect some editors, 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 …
Financial Times:
Dominick Mastrangelo / The Hill:
Tucker Carlson posts the first episode of his new show, Tucker on Twitter; the episode was just over 10 minutes long and appeared to be from his home in Maine  —  Former Fox News host Tucker Carlson released the first episode of his new show on Twitter Tuesday evening.
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.
Michael Schulman / New Yorker:
A look at the Marvel Cinematic Universe yanking Hollywood into a franchise-drunk era, in which IP, over star power or directorial vision, drives what gets made  —  Robert Redford, Gwyneth Paltrow, Paul Rudd, and Angela Bassett now disappear into movies whose plots can come down to “Keep glowy thing away from bad guy.”
Nilay Patel / The Verge:
Q&A with SiriusXM CEO Jennifer Witz on operating a satellite business, hardware dependency, online content delivery, podcasts, company structure, and more  —  SiriusXM scooped up Stitcher, Pandora, and Team Coco in recent years, but satellite radio in cars still drives the business.
Discussion: @siriusxmlife
Sara Fischer / @sarafischer:
OutVoice, a freelancer management and payment service for media workers, acquires Study Hall, a newsletter and online freelancer community for six figures  —  Very proud to announce that @studyhallxyz, the freelance journalism newsletter and community that I co-founded in 2015, was just acquired by @OutVoicePay. Thanks to @sarafischer for covering in Axios [image]
Discussion: Axios, @chaykak, @chaykak and @chaykak
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 More News: 
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
[Thread] Members of The New York Times' NewsGuild vote more than 99% in favor of ratifying a five-year contract specifying raises, fertility coverage, and more
 Earlier Picks: 
Sara Fischer / Axios:
Sources: executives are discussing how to add some CNN content to Warner Bros. Discovery's streaming service Max, without violating cable distribution contracts
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:

David Weston / The Official Microsoft Blog:
Microsoft estimates that CrowdStrike's update affected 8.5M Windows devices, or less than 1% of all Windows machines

Steven Levy / Wired:
A look at Marc Andreessen and Ben Horowitz's self-interested Trump support, including the “final straw”, a Biden proposal to tax unrealized capital gains at 25%

Manish Singh / TechCrunch:
Indian crypto exchange WazirX has “temporarily” paused trading activities days after it suspended customer withdrawals after losing ~$230M in a security breach

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