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Google says it won't be “deprecating third-party cookies” in Chrome and will instead keep working on “privacy-preserving alternatives” via Privacy Sandbox APIs — After much back and forth, Google has decided to keep third-party cookies in its Chrome browser.
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WBD says it intends to match one of the offers for NBA rights; a source says it is targeting the package from Amazon, which is for about $1.8B per year — TNT has held NBA rights for 35 years. What happens next will determine if the network keeps them.
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@tntsportsus, MediaPost, Variety, New York Times, CNBC, Sports Business Journal, The Wrap, @mattbelloni, Front Office Sports, The Streamable, Media Play News, Cord Cutters News, CNN, Awful Announcing, Adweek, Sportico, @benjstrauss, @sherman4949, @sherman4949, @mgsiegler, @alexweprin, The Hill, Los Angeles Times, USA Today, The Information, @ourand_puck, Sports Media Watch and Next TV


Reddit COO Jen Wong says the company has revenue sharing deals with the NFL, NBA, MLB, and others to get video and other content, hoping to draw advertisers — Reddit, known for its chat forums on everything from Proust to Wall Street stocks, is going big on sports.
Discussion:
The Verge, Reddit Upvoted, Bloomberg, Sherwin Su on LinkedIn, Cord Cutters News, @amir, Quartz and Reuters, more at Techmeme »


Source: former UK Chancellor Nadhim Zahawi approached billionaire backers like the Reuben family to prepare a £600M bid for The Daily Telegraph and Spectator — Nadhim Zahawi, who stepped down as an MP at the recent general election, has approached prospective billionaire backers including …
Discussion:
The Independent, @evandxle, @paulanthonytho6, @markkleinmansky, The Guardian, The Independent and Reuters


Free London paper City AM says Christian May will return as EIC after four years away, and signs a deal to provide business and financial news to Reach titles — City AM will provide business and financial news for many of Reach's biggest newspaper titles including the Daily Express.


A Russian court sentences Russian-American RFE/RL journalist Alsu Kurmasheva to six and a half years in prison for spreading “false info” about the Russian army — Alsu Kurmasheva, an editor at Radio Free Europe/Radio Liberty, was convicted for six and a half years in a secret trial, a court spokesperson said.
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Sources: AMC Entertainment reached an agreement with creditors that includes restructuring its debt and moving US theaters into a different unit of the company — The asset shift would move the theaters' value out of the reach of some creditors and allow the company to exchange existing debt …
Discussion:
@lucas_shaw, The Hollywood Reporter, Deadline and Variety


Amazon MGM Studios buys the UK's Bray Film Studios, used to make season two of The Rings of Power, its first acquisition of a physical studio in the UK — Amazon Prime Video is acquiring the U.K.'s Bray Film Studios, the historic site it recently set up as a production hub for the second season of …
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The Wrap, The Information, Financial Times, Broadband TV News, Advanced Television, Next TV, Deadline, The Hollywood Reporter and WORLD SCREEN


Semafor plans to launch Semafor Gulf on September 16, led by veteran journalist Mohammed Sergie, following the success of the US and sub-Saharan Africa editions — The News — Semafor will launch in the Middle East this September, marking a major milestone in its global expansion strategy …
Discussion:
@semaforben, @reedalbergotti and Talking Biz News


A look at Comcast's bet on the Paris Olympics, which executives hope will greatly elevate Peacock against Netflix and Disney+; Peacock has exclusive US rights — - US viewers will be able to see every Olympic event on Peacock — Coverage of Games will promote Peacock original programming
Discussion:
E! Online, @lucas_shaw, The Streamable, Media Play News, IndieWire and Rolling Stone


Vivendi plans to list its French TV business Canal+ in London and advertising company Havas in Amsterdam, as part of a drive to break up the media conglomerate — Media group controlled by Vincent Bolloré to break up, with advertising company Havas to list in Amsterdam
Discussion:
Broadband TV News, Reuters, Advanced Television, Financial Times, The Media Leader and Bloomberg


Condé Nast sends a cease-and-desist letter to Perplexity, accusing it of plagiarizing its content, a month after Forbes sent a similar letter to the AI company — Magazine giant Condé Nast has sent a cease-and-desist letter to artificial intelligence search engine Perplexity …
Discussion:
Engadget, @steph_palazzolo and MediaPost