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4:55 PM ET, June 7, 2023

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 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: New York Times, @oliverdarcy, CNN, @dylanbyers, CNBC, @dylanbyers, NPR, Washington Post, @brianstelter, Adweek, Los Angeles Times, @claireatki, Vanity Fair, @brianstelter, The Nation, Puck, Warner Bros. Discovery, @maxwelltani, Insider, MediaPost, @sarafischer, @dylanbyers, @semafor, @semaforben, The Week, @bristei, @sarafischer, Wall Street Journal, @jamiestelter, @wesleylowery, @brianstelter, @ditzkoff, @oliverdarcy, @oliverdarcy, @ahmedbaba_, @mattdpearce, Page Six, @mrjamesob, @brianstelter, @sulliview, The Guardian, @richardpbacon, @great_katzby, @bencjacobs, @oliverdarcy, @sarafischer, @josheidelson, Ad Age, @sherman4949, @jayrosen_nyu, @brianstelter, Newser, @benmullin, @esaagar, @emptywheel, Media Play News, @sherman4949, Mediaite, @scottnover, @eugene_scott, @nprinskeep, @heerjeet, Media Nation, @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., Agence France-Presse, @dylanbyers, @loudmouthjulia, @alex, @sherman4949, Variety, The Hill, @jeffjarvis, @karaswisher, @brianstelter, New Republic, @sarafischer, @cherijacobus, @karaswisher, @jamesrbuk, @eugene_scott, @dylanbyers, @ivanthek, The Desk, @scottnover, @taylorpopielarz, @tanzinavega, The Wrap, @brianstelter, Fortune and Insider
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Semafor:
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.
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
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”
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 …
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 …
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 …
Financial Times:
Sources: Lloyds puts B.UK, a holding company that controls the Telegraph titles and The Spectator, into receivership over ~£1B debts owed by the Barclay family  —  UK bank to seek sale of media group over almost £1bn in debts owed by Barclay family
Amrita Khalid / The Verge:
Spotify combining Gimlet and Parcast into a single unit signals a move 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, it came as a shock to outside observers.
Sahil Patel / The Information:
Sources: BuzzFeed is exploring a potential sale of Complex Networks, which it acquired when going public in late 2021 for nearly $300M  —  BuzzFeed is exploring a potential sale of Complex Networks, a digital media firm it acquired when going public in late 2021 for nearly $300 million, according to people familiar with the matter.
Discussion: The Wrap
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.
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
 
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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
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
@nytimesguild:
[Thread] The New York Times' NewsGuild members vote more than 99% in favor of ratifying a five-year deal with a $65K salary floor, fertility coverage, and more
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:

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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