Top News:
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.
Discussion:
@marybschneider, @hayley__harding, @annagustafson, @kkdumez, @saminglot, @kelleyroot, @llondo, @reporterdavidj, @johnsellek, @dangillmor@mastodon.social, @elaheizadi, @jayrosen_nyu, @sentinelleach, @zachvat@newsie.social, @kennysmith@mstdn.social, @danrshafer, @megganje, Substack, @solomonlexib, @lesbowen, @raleighreporter, @nannburke, @rasmus_kleis, @seloesch, @neilstrebig, @mediaevan, @stevenldoyle, @kylewiim, @benmullin and @poynter
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.
Discussion:
Lillian Rizzo on LinkedIn, The Desk and Sports Media Watch
Georg Szalai / The Hollywood Reporter:
WBD reports a $86M profit in Q1 for its DTC unit, which includes streaming, up from $50M in Q1 2023, and 99.6M streaming subscribers, up from 97.7M in Q4 2023 — The entertainment conglomerate led by CEO David Zaslav reported its first-quarter results.
Discussion:
Media Play News, Streaming Better, The Streamable, Quartz, IndieWire, CNBC and Bloomberg
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
Discussion:
MediaPost, Reuters, Media Play News, Next TV, The Information, WORLD SCREEN, The Wrap, Advanced Television and Deadline
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 — - Savage Ventures was one of the entities that looked to buy Vice out of bankruptcy last year.
Dade Hayes / Deadline:
Nexstar Q1: revenue up 2.1% YoY to $1.28B, net income up 89.8% YoY to $167M, losses for The CW were cut by $50M, or about half 2024's projected loss reductions — The CW's losses fell by $50 million in the first quarter and parent Nexstar Media Group still expects the network to turn a profit by next year …
Discussion:
The Desk, @thedeskdotnet, Nexstar, TVNewsCheck, The Wrap, @deadline and Next TV
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
Mark Stenberg / Adweek:
OpenAI's pitch deck to news publishers promises priority placement to partners in chat conversations and payment contingent on “display success” — OpenAI's Preferred Publisher Program offers media companies licensing deals — The generative artificial intelligence firm OpenAI …
New York Times:
A look at Israel's long-strained history with Al Jazeera, which Israel calls a security threat, while Al Jazeera says Israel wants to hide its brutality in Gaza — The network will keep covering the war in Gaza, but it will be harder for Israelis to watch.
Discussion:
@omunderdal, Jewish Telegraphic Agency, BBC and Jerusalem Post
Ken Yeung / VentureBeat:
ElevenLabs previews a music-generating AI model, showing samples of songs with lyrics generated from text prompts — Voice AI startup ElevenLabs is offering an early look at a new model that turns a prompt into song lyrics. To raise awareness, it's following a similar playbook Sam Altman used …
Discussion:
@bryancsk, @scobleizer, @ammaar, @carles_reina, @victorswift, @elevenlabsio, @ammaar, @somewheresy and @lukeharries_
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 …
Discussion:
Reuters and Australian Financial Review
Tyler Falk / Current:
At a House hearing on “NPR bias”, Republicans criticize NPR CEO's absence but some praise local stations, and witnesses call for decentralizing or defunding NPR — House Republicans criticized NPR CEO Katherine Maher Wednesday for not attending a hearing about alleged bias within the network …
Discussion:
USA Today, Free Press, @elaheizadi, Inside Radio, @brandyzadrozny@threads.net and Fox News
Aisha Counts / Bloomberg:
Reddit releases a new content policy, including a ban on AI data licensees from using deleted posts or comments; Reddit expects $60M+ in 2024 licensing revenue — - Social media company restricts data use by AI companies — Reddit expects to generate $60 million from licensing in 2024
Discussion:
Reddit Upvoted, ZDNet, TechCrunch, Social Media Today and Reuters, more at Techmeme »
Daniel Thomas / Financial Times:
Ofcom report: UK broadcasters predict a “tipping point” when broadcast TV will become economically unviable as distribution costs rise and audiences move online — Media watchdog warned of ‘tipping point’ for model's economic viability — British broadcasters have warned …
Discussion:
Telegraph and Advanced Television
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