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2:05 PM ET, July 9, 2024


 Top News: 
Matt Donnelly / Variety:
A look at Skydance's vision for “New Paramount”, of which David Ellison will be the CEO: a $1.5B cash infusion to help woo creatives, a focus on tech, and more
Alex Weprin / The Hollywood Reporter:
The Paramount-Skydance deal has a “go shop” policy, where Paramount would pay Skydance a $400M breakup fee if Paramount finds another buyer within 45 days
Brian Steinberg / Variety:
Jeff Shell, set to become “New Paramount” president, says Skydance executives have identified $2B+ in cost cuts, much of it from its linear media operations
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:
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 …
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.
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
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.
Jay Peters / The Verge:
Spotify adds the ability for users to leave comments on podcasts, expanding on polls and Q&As; comments will be private by default, and creators can opt out  —  The company already lets Spotify podcasters offer polls and Q&As, so this new feature could give creators new ways to interact with their audiences.
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.
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) …
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  —  The New York Times executive editor takes on detractors.  —  In April 2023, President Biden felt comfortable enough …
Discussion: Poynter
Brian Steinberg / Variety:
ABC News names Rick Klein, who has been political director since 2013, as VP and Washington, DC bureau chief, succeeding Jonathan Greenberger who left in April  —  “As a seasoned and highly respected journalist, Rick is uniquely qualified to lead our Washington bureau at such a pivotal moment …
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 More News: 
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
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