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4:10 PM ET, June 12, 2024

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 Top News: 
New York Times:
Sources: Shari Redstone was irked that Skydance's revised Paramount terms reduced National Amusements' value from $2B to $1.7B, affecting her family's holdings  —  There were several hitches in the last week as Skydance, Paramount and its parent company, National Amusements, reached the final stages of negotiations.
RELATED:
Alex Weprin / The Hollywood Reporter:
In an email to staff, Skydance CEO David Ellison acknowledges Paramount merger talks have ended, and says that Skydance is “stronger” because of the talks
Jessica Toonkel / Wall Street Journal:
National Amusements ends talks with Skydance; sources: Shari Redstone will likely seek a sale of just National Amusements, without including Paramount directly
Rolling Stone:
Supreme Court Justice Samuel Alito suggests partisan funding of ProPublica is to blame for its coverage of the court, in a secret recording at a recent dinner  —  In a new, secret recording, the Supreme Court justice suggests partisan funding is to blame for coverage of justices' undisclosed luxury gifts
RELATED:
Alexandra Steigrad / New York Post:
CNN signs a deal to use AP stories on its website, the first time it has done so since cutting ties 14 years ago to focus more on original reporting  —  CNN staffers fear a new deal with the Associated Press may spell layoffs at the third-place cable news network.
Nick Visser / HuffPost:
Howard Fineman, who spent three decades at Newsweek and later became HuffPost's political editor and global editorial director, dies at 75 of pancreatic cancer  —  Fineman, who provided a critical look behind the curtain of Capitol Hill as a regular analyst on cable television, died of pancreatic cancer.
Anthony D'Alessandro / Deadline:
Sony Pictures Entertainment buys Alamo Drafthouse Cinema; 35 cinemas will keep operating under the Alamo brand, and Alamo's Michael Kustermann will remain CEO  —  Sony Pictures Entertainment (SPE) has just bought Alamo Drafthouse Cinema.  D eadline first told you the chain was up for sale and being shopped around to studios.
 
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 More News: 
Calum Jaspan / Sydney Morning Herald:
Sources: News Corp Australia plans to cut up to 40% of its sales workforce, or about 80 roles, amid its ongoing restructuring
Discussion: Crikey
 Earlier Picks: 
Laura Wagner / Washington Post:
The Baltimore Sun's union says the paper's new ownership has “tossed aside” ethical standards, reusing a below-standard Sinclair Broadcast Group story and more
Cynthia Littleton / Variety:
David Nevins has stepped down as CEO of North Road Co., the media venture Peter Chernin launched in 2022 and which has been acquiring production companies
Discussion: Deadline
Alberto Nardelli / Bloomberg:
Docs and sources detail how Russian operative Artem Kureyev helped run influence operations in Europe for years, including contacting journalists about Ukraine
 

 
From Techmeme:

Fransiska Nangoy / Reuters:
Indonesia temporarily blocks Grok, citing the risk of non-consensual sexual deepfakes, becoming the first country to block the AI tool

Jackson Chen / Engadget:
Malwarebytes: a 2024 Instagram data breach exposed information on 17.5 million users, including emails, phone numbers, and physical addresses

TRM Insights:
Investigation: Iran's Islamic Revolutionary Guard Corps used two UK-registered companies to move ~$1B in stablecoins since 2023, evading international sanctions

 
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