Top News:
Lisa Richwine / Reuters:
The much-hyped “Barbenheimer” opening weekend netted $155M for Barbie and $80.5M for Oppenheimer, for $300M in total in the US and Canada for just the 4th time — The much-hyped “Barbenheimer” box office battle over the weekend proved to be a win for movie theaters that needed to add some sizzle to their summer.
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Ivan Mehta / TechCrunch:
Twitter rolls out its updated “interim” X logo, replacing the iconic bird, following Elon Musk's weekend announcement; X.com now redirects to twitter.com — Twitter has removed the iconic bird logo and adopted ‘X’ as its official logo. This move comes after Elon Musk announced the change over the weekend.
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@elonmusk, The Verge, @lindayacc, New York Times, @lindayacc, Wall Street Journal, Associated Press, NBC News, Fast Company, Insider, NPR, @chafkin, @martingrasser, New York Magazine, Mother Jones, CNN, CNBC, The Daily Beast, @lindayacc, Forrester, @lindayacc, CBS News, TIME, Variety, @rmac18, Engadget, @levie, The Guardian, Fortune, @tomcoates, @mrerikjackson, KNSD-TV, @tedlieu, Vibe, @jdcmedlock, @mollyjongfast, @elonmuskaoc, New York Post, @emilcdc, @bendreyfuss, @rmac18, @yosephpaulos, @jamestobyne, @lindayacc, @mabintou, @karaswisher, @jack, @loupas, @jujuujba, Rolling Stone, @benedictevans, Digital Journal, @killedbygoogle, Us Weekly, @valueterminal, Gizmodo, @mikeisaac, @mossbergwalt@threads.net, @wagatwe, Insider, @ivanthek, @elonmusk, @rmac18, Ars Technica, New York Post, @carnage4life@threads.net, MediaPost, Complete Music Update, Poynter, Sydney Morning Herald, The Register, @news_by_nick, @tomgara, Slate, Agence France-Presse, Bloomberg, KGET-TV, Fox News, New York Daily News, Global News, Hollywood Life, The Hollywood Reporter, Slate, New Republic, @carnage4life@mas.to, @parkerortolani@threads.net, NewscastStudio, Ad Age, Al Jazeera, The A.V. Club, UPROXX, The Week, Consequence, Forbes, Vanity Fair, Metro.co.uk, Billboard, Washington Post, Boing Boing, The Hill, Digital Music News and Reuters, more at Techmeme »
Jon Porter / The Verge:
Spotify confirms raising US Premium to $10.99/month, up from $9.99, the first increase since its US launch in 2011; Duo rises by $2, Family and Student by $1 — After 12 years, the price of Spotify Premium is increasing in the US. The subscription will now cost $10.99 a month, the company announced today.
Discussion:
Spotify, CNN, Inside Radio, Hollywood Reporter, @jordanuhl_@threads.net, @trengriffin, Music Business Worldwide, Deadline, 9to5Google, NBC News, Fortune, CNET, RAIN News, Engadget, @bennjordan, Billboard, @tomwarren, Gizmodo, TechCrunch, @lucas_shaw, Variety, Insider, Complete Music Update, KNSD-TV and UPROXX, more at Techmeme »
Jean Yamamura / The Santa Barbara Independent:
The Santa Barbara News-Press, which has published a paper since 1868 and received a Pulitzer, ceases publication and files for a Chapter 7 bankruptcy — Publisher Ampersand Claims Few Assets and Many Creditors — More than 150 years of history ended on Friday when the Santa Barbara News …
Discussion:
Los Angeles Times, MediaPost, Associated Press, @joelmathis.bsky.social, The Guardian, @michaeljlewis75, @kylebjorrey, @tonybiasotti, Siteline, Edhat, Deadline, @bravokiloactual, @davidbenda_rs, @laobserved, @davidoatkins, @awinston, Media Bias/Fact Check, @nycsouthpaw, @jbenton, @toddgregory.bsky.social and The Wrap
Aisha Malik / TechCrunch:
TikTok rolls out support for text posts, available via the app's Camera page and letting users add sounds, locations, stickers, and more — As Twitter shoots itself in the foot with a rebrand this morning, TikTok has announced that it's rolling out support for text posts.
David Folkenflik / NPR:
NPR names Edith Chapin as its SVP for news and editor-in-chief; she's been serving in the position on an acting basis since fall 2022, after joining NPR in 2012 — NPR has moved to shore up its leadership at a time of significant transition, naming veteran news leader Edith Chapin …
Discussion:
Current, @isalara, @davidfolkenflik, @elbordeaux, @vivian, @greenfield64 and The Wrap
Sports Business Journal:
Sources: MLS Season Pass is nearing 1M subs including season-ticket holders; team execs say they are frustrated due to lack of transparency in viewership stats — Apple's Eddy Cue began speaking to a room filled with MLS owners and executives last week in Washington, D.C. …
New York Times:
Sources: Altice USA is exploring a sale and other strategic options for Cheddar News; Altice USA acquired the streaming news network for $200M in 2019 — Rebranding the social network as X marks the billionaire's latest gamble to reinvent the company, after buying it last year for $44 billion.
Discussion:
@bmorrissey, @tomgara, @dannygroner, Semafor, @ryanvailbrown, @benmullin, @seangriffey, The Wrap, @scottnover, Insider and @sherman4949
Catherine Perloff / Adweek:
Mailchimp owner Intuit is launching SMB MediaLabs, which lets advertisers target QuickBooks' 7.1M customers on social media, online publishers, CTV, and more — Targeting QuickBooks' customers across digital media is a promising new revenue line — Financial services giant Intuit …
Discussion:
@lefterisjp, @sean_kaushal, @johnathanbarnes, @catherineperlo1 and Intuit SMB MediaLabs
Washington Post:
Mandiant: a Chinese PR firm used newswire services to place pro-Beijing content on the subdomains of 32+ US news outlets, including the Pittsburgh Post-Gazette — Welcome to The Cybersecurity 202! Tim here. If you're remotely interested in boxing, or maybe even if you aren't, you'll definitely want to be watching Saturday night.
Discussion:
Mandiant, @nakashimae, @nakashimae, CNN, @nakashimae, @nakashimae, @ericgarland and @heminator
Mark Stenberg / Adweek:
Court docs reveal Vice's financial struggles and fundraising history; Vice held $834M in debt in May 2023, raising $1.3B+ in debt and equity funding since 2017 — New documents reveal a yearslong slide into increasing financial desperation — The digital media company Vice filed …
Dominic Ponsford / Press Gazette:
The Telegraph Media Group reports 2022 revenues up 4% YoY to £254.2M, digital subscription revenue up 31% YoY to £57.9M, and subscriptions up 2% YoY to 734K — Telegraph reports 2022 profit boost and strong outlook for 2023. — The Telegraph Media Group has reported growing profit …
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The Guardian, Reuters, Financial Times, London Evening Standard, Telegraph, @guardiannews, Telegraph Media Group and The Times
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