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1:40 PM ET, August 8, 2023

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RELATED:
Wall Street Journal:
Charlie Ergen strikes a deal to merge Dish and EchoStar, as he shifts away from the shrinking pay-TV network to compete with wireless giants like AT&T  —  Deal aims to give Dish the financial flexibility it needs to compete in the next generation of wireless
Jane Friedman:
An author finds multiple “garbage books” uploaded to Amazon under her name, most likely AI-generated, and on Goodreads, which removed them after her complaint  —  Update (afternoon of Aug. 7): Hours after this post was published, my Goodreads profile was cleaned of the offending titles.
RELATED:
Amanda Silberling / TechCrunch:
Prosecraft, a site that compiled 27K+ books to compare and rank the “vividness” of their language, shuts down after writers' backlash over its possible AI uses
Casey Newton / Platformer:
After the countless times Elon Musk has walked back announcements, the business media must rethink its coverage of X, Musk, and the fight with Mark Zuckerberg  —  After a weekend of whoppers about X and fighting Mark Zuckerberg, the press should take a more skeptical approach
Sara Fischer / Axios:
Puck raised a $10M+ Series B led by J Rothschild Capital Management and plans to hire 8 to 10 new people in 2023; the outlet currently has 31 employees  —  Puck, the buzzy media startup that covers the intersection of Hollywood, Silicon Valley, Wall Street and Washington …
Discussion: @sarafischer
RELATED:
The Ringer:
Apple is “out-HBOing” HBO with quality scripted content filled with marquee casts, but its dividends in viewership, subscriptions, and revenue are murkier
Chris Lee / Vulture:
A group of 50+ Marvel VFX employees votes to be represented by IATSE, marking the first time VFX professionals have banded together to form a union  —  Call it the Hollywood-labor-organizing version of Avengers Assemble!  On the heels of more than a year's worth of damning disclosures around …
Reuters:
Sources: earlier in 2023, Disney created a task force to study how the company can apply AI, develop in-house AI apps, and form partnerships with startups  —  Walt Disney (DIS.N) has created a task force to study artificial intelligence and how it can be applied across the entertainment conglomerate …
Discussion: Collider
Max Kim / Los Angeles Times:
The Korea Broadcasting Actors Union says Netflix is not responding to calls to meet as the union fights for a better compensation system that includes residuals  —  As news of the SAG-AFTRA strike broke in mid-July, Song Chang-gon, a 51-year-old actor and current president …
Katie Robertson / New York Times:
The NYT reports Q2 revenue up 6.3% YoY to $590.9M, adjusted operating profit of $92.2M, 9.88M subscribers, and $409.6M in subscription revenue  —  The company added 180,000 new digital subscribers in the latest quarter, and now has nearly 10 million subscribers in total.
Natalie Korach / The Wrap:
Fox Corp reports $3.03B in Q4 revenue and a $369M net income; full-year revenue rose 7% YoY to $14.91B and net income hit $1.25B, up from $1.23B the prior year  —  The media company reports 74 cents in earnings per share for its fourth quarter as it moves past Dominion lawsuit
 
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 More News: 
Killian Faith-Kelly / Press Gazette:
An interview with The Times obituary writer Damian Arnold on his workday, stock obituaries, the right way to die, writing his first obituary in 2008, and more
Sapna Maheshwari / New York Times:
After social media upended the fashion, beauty, and lifestyle magazine industries, some women turn to Facebook Groups and Substack for curated recommendations
Caitlin Huston / The Hollywood Reporter:
Paramount reports Q2 revenue down 2% YoY to $7.6B and a $250M loss; subscription revenue grew 47% YoY to $1.2B+; Paramount+ added ~700K subscribers to hit ~61M
New York Times:
Paramount reaches a $1.62B deal to sell Simon & Schuster to private equity firm KKR; the prestigious US publisher was first put up for sale in March 2020
 Earlier Picks: 
Alex Sherman / CNBC:
Sources: WBD is targeting the beginning of the MLB playoffs to debut a sports tier for Max, planning to use the Bleacher Report brand to target young audiences
 

 
From Techmeme:

Mark Gurman / Bloomberg:
Sources: Apple and OpenAI are preparing a major announcement of their partnership at WWDC; the new AirTag with a better chip is scheduled to arrive by mid-2025

Sam Altman / @sama:
Sam Altman says he is embarrassed that there was a provision about potential equity cancellation in exit docs, and OpenAI never took back anyone's vested equity

Wall Street Journal:
Sources: US officials have told Google, Meta, and others about concerns that undersea cables could be vulnerable to tampering by China-owned repair ships
 
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