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4:20 AM ET, July 11, 2024

Mediagazer

 Top News: 
Wall Street Journal:
Memo: Mark Thompson says CNN is cutting about 100 jobs, plans to launch its first CNN.com subscription product later in 2024, but offers few details, and more  —  CEO Mark Thompson said it was “a logical possibility” that CNN might pursue a subscription bundle similar to what the New York Times offers.
RELATED:
Andrew Marchand / New York Times:
Sources: the NBA finalizes contracts with new partners NBC and Amazon Prime Video, while maintaining ABC/ESPN for the NBA Finals; TNT could still match  —  The NBA and network executives finalized contracts that will make NBC and Amazon Prime Video new partners, while maintaining ABC/ESPN …
Associated Press:
Russia's government declares The Moscow Times an “undesirable organization”, meaning any Russian who cooperates with the outlet could get five years in prison  —  The Russian prosecutor general's office on Wednesday declared The Moscow Times, an online newspaper popular among …
Janko Roettgers / Lowpass:
A US court grants Redbox owner Chicken Soup for the Soul Entertainment Chapter 7 bankruptcy, paving the way for shutting down Redbox and liquidating its assets  —  Redbox will shut down, corporate parent is being liquidated  —  The bankruptcy case of Redbox's corporate parent Chicken Soup …
Katie Kilkenny / The Hollywood Reporter:
The Writers Guild of America West negotiates a $3.05M settlement with CBS to compensate 24 writers on MacGyver, Seal Team, and Hawaii 5-0 for unpaid work  —  The union told members on Wednesday of the resolution to an arbitration claim made on behalf of ‘MacGyver,’ ‘Seal Team’ and ‘Hawaii 5-0’ scribes.
Discussion: The Wrap, Variety and Deadline
Kate Park / TechCrunch:
South Korea-based Beeble AI, which is developing virtual production services for indie filmmakers, raised $4.75M in seed funding at a valuation of $25M  —  Visual effects (VFX) have emerged as essential in filmmaking and have transformed storytelling and creativity in the film industry with its diverse digital techniques.
TMZ.com:
George Stephanopoulos replies to a pedestrian on Biden, saying “I don't think he can serve four more years”; ABC says “George expressed his own point of view”  —  GEORGE STEPHANOPOULOS BIDEN CAN'T SERVE 4 MORE YEARS … 6:28 PM PT — George Stephanopoulos tells TMZ …
Clare Malone / New Yorker:
Q&A with NYT's Joe Kahn on newsroom flare-ups, defining and building NYT culture among newer employees, his family foundation donations, Gaza coverage, and more  —  Joe Kahn, the newspaper's executive editor, wants to incentivize his staff to take on difficult stories, even when they might engender scrutiny, or backlash.
Laura Dhillon Kane / Bloomberg:
NATO paid for travel for 16 social media influencers to cover its summit, and the US Defense and State departments invited more; combined audiences reach ~40M  —  - Alliance invited 16 content creators to summit in Washington  — NATO paid for travel expense, but has no editorial control
 
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 More News: 
Matt Grobar / Deadline:
Random House Publishing Group is acquiring comic book and graphic novel publisher Boom! Studios; the deal is expected to close this summer
Bloomberg:
WBD CEO David Zaslav calls the Paramount/Skydance deal “good for the industry” and hopes the next president embraces deregulation “so companies can consolidate”
Bill Donahue / Billboard:
The US Copyright Office finalizes a new rule aimed at ensuring that songwriters who reclaim rights to their music will actually get paid streaming royalties
Brian Steinberg / Variety:
Ingrid Ciprian-Matthews plans to leave as the president of CBS News after less than a year, amid cost cuts from parent company Paramount Global
 Earlier Picks: 
Charlotte Tobitt / Press Gazette:
City AM editor Andy Silvester plans to leave the free London business newspaper after overseeing its transition to a digital-first newsroom and a new website
Rick Edmonds / Poynter:
A profile of nonprofit National Trust for Local News, which has raised and invested $38M since 2021 to buy and recapitalize financially precarious publications
Discussion: Media Voices
Jason Koebler / 404 Media:
TUAW is back online after shutting down in 2015; the new owners seem to be using TUAW as an AI content farm, copying others' posts and using ex-writers' names
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