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7:20 PM ET, June 30, 2024

Mediagazer

 Top News: 
Janko Roettgers / The Verge:
Redbox's owner, Chicken Soup for the Soul Entertainment, files for bankruptcy protection; Chicken Soup took on $325M in debt when it acquired Redbox in 2022  —  Redbox's owner, Chicken Soup for the Soul Entertainment, filed for bankruptcy protection overnight.
RELATED:
Laurel Rosenhall / Los Angeles Times:
The California State Senate passes SB 1327, a bill aimed at imposing a “data extraction mitigation fee” on Big Tech to help fund local journalism
Michael Schneider / Variety:
Nielsen: the Biden-Trump debate drew an average audience of 51.3M viewers across 17 networks in the US, down from 2020's first debate, with nearly 73.1M  —  Networks include CNN, which originated the debate, as well as ABC, CBS, FOX, NBC, Scripps News, Telemundo, Univision, BET …
James Risen / The Intercept:
A reporter who fought a seven-year legal battle to protect sources says Julian Assange's case sets a dangerous precedent that may severely hurt US press freedom  —  When Julian Assange abruptly found himself back in Australia and freedom this week after reaching a plea deal with the U.S. government …
Elsa Keslassy / Variety:
Arnaud Lagardère returns as French publishing group Lagardère SA chair and CEO, after appealing an April 29 management ban by a court over embezzlement charges  —  Arnaud Lagardere, who had stepped down from his executive roles of chairman and CEO of the listed French media …
Reuters:
In a parliamentary hearing, Meta says it is considering blocking news content from Facebook in Australia if the government makes it pay licensing fees  —  Facebook owner Meta (META.O) is considering blocking news content from the platform in Australia if the government makes it pay licensing fees …
Discussion: Bloomberg
Max Tani / Semafor:
The Wall Street Journal EIC Emma Tucker says she felt vindicated by the debate, after previously facing criticism for coverage of Biden's age and mental acuity  —  The News  —  Prominent liberal columnists are calling for President Joe Biden to step aside following a widely-panned debate performance …
Lachlan Cartwright / The Hollywood Reporter:
Several current and former Daily Mail employees describe a leadership vacuum in its US newsroom, following the mysterious departure of online EIC Gerard Greaves  —  Its online editor is MIA (he was last seen frantically deleting emails), his self-appointed replacement is said to be equally erratic …
The Guardian:
Three journalists were turned away from an Azerbaijan energy conference earlier in June, prompting concern over media access ahead of UN climate talks there  —  Incident reignites concerns over crackdown on media before crucial UN climate talks in Baku later this year
Advanced Television:
JustWatch: Netflix led the UK streaming market in Q2 with a 28% share; Prime Video had 27%, Disney+ had 20%, Apple TV+ had 8%, ITVX had 6%, and Now TV had 6%  —  Netflix continues to hold the reins of the UK streaming market in Q2 2024 with Prime Video closely following behind a 1 per cent gap …
 
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 More News: 
Neil Griffiths / Mumbrella:
Nine CEO tells staff that around 200 jobs, ~4% of its workforce, will be cut, including up to 90 roles from Publishing and 38 from news and current affairs
Andrew Deck / Nieman Lab:
Tests show that ChatGPT is hallucinating URLs in some citations, directing users to broken links for at least 10 news publications with OpenAI licensing deals
 Earlier Picks: 
Wired:
Amazon is investigating Perplexity over whether the AI search startup is violating AWS rules by scraping websites that attempted to prevent it from doing so
Bloomberg:
Naver-owned Webtoon shares closed up 9.5% at $23 in the online comics company's Nasdaq debut, giving it a market value of ~$2.9B, after an IPO that raised $315M
Margaret Fleming / Front Office Sports:
A Los Angeles jury sides against the NFL in a Sunday Ticket antitrust trial, saying the league owes $4.7B+ to subscribers and $96M to bars and restaurants
 

 
From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Paresh Dave / Wired:
Google says it wouldn't force its device makers, browser, and wireless carrier licensees to distribute Gemini to US users for three years, in a proposed remedy

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems
 
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