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4:30 PM ET, July 9, 2024


 Top News: 
Peter Kafka / Business Insider:
David Ellison has repeatedly framed “New Paramount” as partially a tech company, but the company's problem isn't its tech but rather its scale  —  - David Ellison says the new Paramount will be a “World-Class Media and Technology Enterprise.”  — He's Oracle founder Larry Ellison's son …
Source: Oracle founder Larry Ellison will invest ~$6B into the Paramount-Skydance deal, with RedBird Capital Partners contributing the remaining $2B  —  - The Ellisons and RedBird have transactional covenants that require they be consulted on any major business decisions by Paramount in the interim, RedBird's Jeff Shell tells Axios.
Dawn Chmielewski / Reuters:
Paramount Global and Skydance Media announce a merger of the two companies, ending months of chaotic talks; a memo says the deal is expected to close in H1 2025
Sara Fischer / Axios:
WaPo launches Climate Answers, an AI-powered chatbot that responds to questions about climate with info from WaPo articles; it aims to expand to other topics  —  - The Post is working with several AI firms, including OpenAI and Meta's Llama, to power its own large-language model that surfaces answers …
Committee to Protect Journalists:
A Kenyan court rules that Pakistani journalist Arshad Sharif's death at the hands of local police in 2022 was arbitrary and unconstitutional  —  Kampala, July 8, 2024—The Committee to Protect Journalists welcomes a Kenyan court's Monday ruling that Kenyan authorities violated Pakistani …
Discussion: Voice of America
Levin Stamm / Bloomberg:
Switzerland announces an advertising ban on Russian outlets Voice of Europe, RIA Novosti, Izvestia, and Rossiyskaya Gazeta, but lets them continue broadcasting  —  Switzerland will allow four Russian media outlets to continue broadcasting even after they were banned by the European Union.
Discussion: Reuters and
Aidan Ryan / The Boston Globe:
UVM's Center for Community News receives $7M to expand partnerships between US universities and local news outlets to give students reporting opportunities  —  As the number of local journalists employed across the country continues to shrink, dozens of colleges are trying to help fill gaps in reporting.
Emma Roth / The Verge:
Dish-owned streamer Sling TV plans to show pause ads, which could contain a video or static content; users can turn off pause ads from the settings menu  —  Sling TV will now put ads on your screen when you pause live or on-demand content, according to an announcement from its parent company, Dish.
Sara Fischer / Axios:
Chalkbeat plans to launch Healthbeat, covering public health, this summer; Chalkbeat will be housed under the new Civic News Company with EIC Shani O. Hilton  —  - Chalkbeat, which launched a decade ago by Green and journalist Philissa Cramer, expanded into coverage of voting in 2020 and made …
Elizabeth Dilts Marshall / Billboard:
Filing: Hipgnosis shareholders vote to sell the fund to Blackstone for $1.58B, ending a roller coaster year for shareholders and the fund's board  —  Six years after going public on the London Stock exchange, a majority of Hipgnosis Songs Fund shareholders voted on Monday (July 8) …
David Folkenflik / NPR:
Ex-WSJ reporter Stephanie Armour sues the paper, alleging it sought to shed staffers who incur big health care costs by invoking “trumped up performance issues”  —  A disability discrimination lawsuit filed Tuesday by a veteran reporter who left the Wall Street Journal …
Lauren Forristal / TechCrunch:
DreamFlare, a studio where creators make videos using third-party AI tools and distribute them through a subscription service, emerges from stealth with $1.6M  —  A startup called DreamFlare AI is emerging from stealth on Tuesday with the goal of helping content creators make and monetize short-form AI-generated content.
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 More News: 
Erik Wemple / Washington Post:
Q&A with NYT Executive Editor Joe Kahn about the NYT's Biden age coverage, the WSJ's investigative approach to the story, using anonymous GOP sources, and more
Discussion: Poynter
 Earlier Picks: 
Todd Spangler / Variety:
Nielsen hires former HuffPost CEO Jared Grusd as the CEO of its content-solutions division Gracenote; he will report to Nielsen CEO Karthik Rao
Discussion: Media Play News and The Desk
Jeremy Scahill / Drop Site News:
The Intercept co-founder Jeremy Scahill and DC bureau chief Ryan Grim leave the outlet to launch Drop Site News, an investigative news site on Substack