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1:30 PM ET, May 23, 2024


 Top News: 
Wall Street Journal:
News Corp and OpenAI announce a multiyear agreement to bring News Corp's news content to OpenAI; sources say the deal could be worth $250M+ over five years  —  Agreement could generate over $250 million over five years for News Corp in cash and credits  —  Wall Street Journal owner News Corp struck …
Pete Brown / Columbia Journalism Review:
An overview of existing deals between news publishers and AI companies and the questions they raise regarding long-term costs, the selection process, and more  —  In the past few weeks, News Corp, the Financial Times and Dotdash Meredith became the latest news organizations to strike licensing deals …
Dominic Ponsford / Press Gazette:
A bill strengthening powers of the CMA, UK's competition watchdog, heads toward approval; the CMA could compel tech giants to pay for news on their platforms  —  The UK has paved the way for Australia-style payments to news publishers from tech giants as the Digital Markets, Competition and Consumers Bill was passed by Parliament.
Discussion: TechCrunch
The DOJ and 30 state AGs sue Ticketmaster parent company Live Nation to break it up, alleging “anticompetitive conduct to exercise its monopolistic control”  —  The U.S. Department of Justice is suing to break up Live Nation, the parent company of Ticketmaster, over alleged antitrust violations.
Max Tani / @maxwelltani:
[Thread] In a meeting, Washington Post CEO Will Lewis told staff that the paper lost $77M over the past year, and saw a 50% drop off in audience since 2020
Sapna Maheshwari / New York Times:
TikTok limits the spread of videos from state-affiliated media outside their home countries and disrupted 15 influence operations in 2024, including from China  —  The platform will keep state-affiliated media accounts out of users' feeds if they “attempt to reach communities outside …
Associated Press:
Michael Schumacher's family wins its legal case against German tabloid Die Aktuelle that published an AI-generated interview with Schumacher in April 2023  —  - Die Aktuelle promoted 2023 piece that ‘sounds deceptively real’  — Publisher had sacked editor and apologised to F1 great's family
Discussion: Decrypt, The US Sun, RTÉ and GB News
Amanda Meade / The Guardian:
Sources: News Corp's Rebekah Brooks and Robert Thomson joined Lachlan Murdoch in Sydney for meetings ahead of a major restructuring announcement next week  —  Staff brace for significant cuts as media giant prepares to make moves to counter decline of print and slow advertising market
Jacob Gallagher / Wall Street Journal:
Sources: revenue for watch enthusiast website Hodinkee fell to ~$70M in 2023 from ~$100M in 2021, amid accusations of mismanagement as the watch market crashed  —  The website Hodinkee reinvented watch culture, giving luxury timepieces the same air as a pair of rare Nikes.
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 More News: 
Dominic Patten / Deadline:
Sources: Sundance is weighing proposals from 15 locations to move the festival in 2027; a decision is expected internally around the end of September
The New York Times Company:
The New York Times hires Puck's Teddy Schleifer, who covers politics, billionaires, and business, to work as a correspondent on its Politics desk
Alex Sherman / CNBC:
WBD and ESPN strike a five-year deal letting WBD's TNT carry two first-round college football playoff games in 2024 and 2025, adding two quarterfinals in 2026
David Shepardson / Reuters:
US FCC Chairwoman Jessica Rosenworcel proposes requiring the disclosure of content generated by AI in political ads on radio and TV, citing the use of deepfakes
Sara Guaglione / Digiday:
How sending fewer emails and giving paid subscribers early access to content improved The New Yorker's onsite page views and time spent from newsletter users
Discussion: Media Voices
 Earlier Picks: 
Chris Kerr / Game Developer:
Rolling Stone launches RS Gaming, a game vertical in partnership with ESL FACEIT Group, which is owned by Saudi state-backed investment fund PIF
Sources: Tata Group took full control of subscription TV broadcaster Tata Play after buying Disney's 29.8% stake, valuing Tata Play at about $1B
Discussion: Reuters
Tom Friend / Sports Business Journal:
Sources: the NBA is formalizing deals with Disney, NBC, and Amazon, which may prompt WBD to sue; ESPN may pay $2.8B annually, NBC $2.6B, and Amazon $1.8B to $2B