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5:50 PM ET, June 7, 2023


 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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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
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 …
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
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:
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
 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
[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