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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:
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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 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
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