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12:20 PM ET, May 10, 2024

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 Top News: 
RELATED:
Tom Wheeler / The Hill:
Google's YouTube TV, which now has over 8M subscribers, should add C-SPAN to its channel lineup as a public service, as more consumers ditch cable subscriptions  —  C-SPAN celebrated its 45th anniversary this year.  Since 1979, the nonprofit cable network has given Americans a window on their democracy …
Discussion: @cspansusan
Josh Rottenberg / Los Angeles Times:
The Academy of Motion Picture Arts and Sciences announces a $500M campaign to extend its influence globally and diversify revenue as Oscars ratings drop  —  Looking to safeguard its future in a world in which the Oscars have lost some of their ratings luster, the Academy of Motion Picture Arts …
Discussion: The Wrap, IndieWire, Variety and Deadline
A.J. Perez / Front Office Sports:
Lineup Publishing says it plans to relaunch Deadspin next week; it appears the new Deadspin will focus on sports betting  —  Deadspin's latest revival is slated to take place next week, although its new Malta-based owners have given no indication about the editorial direction for the sports site.
Discussion: @byajperez
Christi Carras / Los Angeles Times:
LAist initiates a voluntary buyout program for staff to avoid layoffs as it faces a “significant budget shortfall” ranging from $4M-$5M in the next two years  —  Journalists at LAist have been offered buyouts ahead of a potential round of layoffs at the local public radio station …
Ashley Carman / Bloomberg:
Memo: Spotify's head of podcast studios, Julie McNamara, is leaving the company after nearly three years, emphasizing Spotify's reduced ambitions in podcasts  —  - Executive internally announced her departure on Thursday  — Exit follows layoffs, show cancellations and reorganizations
Georg Szalai / The Hollywood Reporter:
AMC Networks reports Q1 net revenue fell 17% YoY to $596M, operating income fell 36% YoY to $110M, streaming revenue grew 3% YoY to $145M, and 11.5M subscribers  —  The company, led by CEO Kristin Dolan, reported its first-quarter results. … After returning to streaming subscriber growth …
Zachary Small / New York Times:
Jason Gastrow, aka Dunkey, who has nearly 7.5M YouTube subscribers after reviewing games for over a decade, starts Bigmode, a publishing company for indie games  —  After a decade of humorously reviewing games, the man known as Dunkey began a publishing company to support indie projects, starting with the mazelike Animal Well.
Rick Edmonds / Poynter:
Gannett fires an experienced editor overseeing 26 community newspapers for “sharing proprietary information” with a “competing media company”, which was Poynter  —  Sarah Leach spoke to Poynter in an attempt to staff up her team.  She may have been successful, even if she won't be at Gannett to see it through.
CNBC:
Sources: Sinclair is looking to sell 60+ of its 185 TV stations, in markets including Minneapolis and Austin, and is exploring options for the Tennis Channel  —  Signage stands outside the Sinclair Broadcast Group Inc. headquarters in Cockeysville, Maryland, U.S., on Friday, Aug. 10, 2018.
Christopher Kuo / New York Times:
The British Board of Film Classification adopts updated guidelines for how it rates movies; in the US, no systematic process for updating guidelines exists  —  As the attitudes of moviegoers evolve, so do the guidelines of the ratings board, which has reclassified dozens of films including “Mary Poppins” and “Rocky.”
Discussion: BBFC
The Australian:
Australia's federal government plans to create a joint parliamentary select committee to investigate Meta abandoning payment-for-content deals with news outlets  —  Picture: NCA NewsWire / Martin Ollman  —  The decision by tech giant Meta to abandon payment-for-content deals with news outlets …
RELATED:
Jennifer Maas / Variety:
WBD reports Q1 revenue down 7% YoY to $9.96B, and a $966M net loss, down 10% YoY, as TV revenue fell 8% YoY to $5.13B and studio revenue fell 13% YoY to $2.82B
 
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 More News: 
Ken Yeung / VentureBeat:
ElevenLabs, which uses AI tools to create and edit synthetic voices, previews an AI model that can generate lyrics and samples of songs from text prompts
Mark Stenberg / Adweek:
OpenAI's pitch deck to news publishers promises priority placement to partners in chat conversations and payment contingent on “display success”
 Earlier Picks: 
Sara Fischer / Axios:
Vice Media plans to create a joint venture with Savage Ventures, which will invest “tens of millions of dollars”, to relaunch its sites, including Vice.com
Financial Times:
TikTok plans to start automatically labeling some AI content, including from DALL-E and Adobe's Firefly, and joins the Adobe-led content credentials coalition
 

 
From Techmeme:

Gavin Anderegg / anderegg.ca:
Bluesky is working to become fully decentralized but it could take years amid financial concerns as it makes money only by selling domains for usernames

Wall Street Journal:
Sources: T-Mobile's network was among the systems hacked by the China-linked Salt Typhoon group, and some foreign telecommunications firms were also compromised

Wall Street Journal:
Sources: ByteDance is valuing itself at about $300B as part of a recent buyback offer, one of its highest valuations ever
 
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