Mediagazer: 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 (Sahil Patel/The Information)

1:10 AM ET, July 23, 2024

Top News:

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.

Discussion: Privacy Sandbox, Wall Street Journal, MediaPost, Mumbrella, Fast Company, @cmagovuk, The Register, The Information, Financial Times, Reuters, @mysk@mastodon.social, @ryanbarwick, Angelina Eng on LinkedIn, @jaffathecake@mastodon.social, Simo Ahava on LinkedIn, @vtoubiana, @jeffjarvis, @keithepetri, Mark McEachran on LinkedIn, @lukolejnik, @lukolejnik, @glenngabe, @michaelmiraflor, Engadget, Alex Cone on LinkedIn, @murakamiwood, @alextcone, Rio Longacre on LinkedIn, @paperghost, @ngriffin_uk, Adweek, @simoahava, Axios, 9to5Google, Marc Majewski on LinkedIn, Mahesh Narayanan on LinkedIn, @chronotope, Paul Bannister on LinkedIn, Search Engine Land, The Media Leader, The Drum, W Media Research, @jdaykin, Matthias Cada on LinkedIn, @dalmaer, @edzitron, Ad Age, @lauren@mastodon …, Oliver Klander on LinkedIn, James Rosewell on LinkedIn, @sarafischer, @robinberjon, GOV.UK, @ariellesgarcia, @aripap, @simonw, @samueljscott, @thezedwards, @aripap, @kendraebarnett, @wchr@mastodon.social, @mattlanza, AdExchanger, The Drum, @LukaszOlejnik@mastodon.social, @rowan_m, The Verge, @incloud, @wolfiechristl and CBS News, more at Techmeme »

Alex Weprin / The Hollywood Reporter:

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 they keep them. … The company said in a statement Monday afternoon …

Sahil Patel / The Information:

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 »

Mark Kleinman / Sky News:

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 and Reuters

Dylan Donnelly / Sky News:

A Russian court sentences Russian-American RFE/RL journalist Alsu Kurmasheva to six and a half years in prison for spreading “false info” about 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.

Bloomberg:

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

Alex Ritman / 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 …

Discussion: The Wrap, The Information, Financial Times, Deadline, Broadband TV News, Advanced Television, Next TV, The Hollywood Reporter and WORLD SCREEN

Meera Pattni / Semafor:

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

Charlotte Tobitt / Press Gazette:

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.

Discussion: The Media Leader, Charlotte Tobitt on LinkedIn, Christian May on LinkedIn and HoldtheFrontPage

Mark Sweney / The Guardian:

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

Daniel Thomas / Financial Times:

WPP-owned ad agency Ogilvy unveils Influence Shield, a new service that aims to help clients deal with reputational issues arising from social media influencers — WPP-owned advertising agency claims new product will prevent reputational damage — Ogilvy, the WPP-owned advertising agency …

Rebecca Robbins / New York Times:

A Florida judge refuses to dismiss Donald Trump's libel lawsuit against the Pulitzer Board over its 2022 statement reaffirming awards for Russiagate coverage — Donald Trump sued the Pulitzer Prize Board over its 2022 statement reaffirming its decision to award a prize for coverage of the 2016 Trump campaign's ties to Russia.

Discussion: Deadline, @jeffjarvis and Politico

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The Information:
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

Discussion: MediaPost, Engadget and @steph_palazzolo

Wes Davis / The Verge:
The EU tells Meta its “pay or consent” model for Facebook and Instagram may violate consumer protection laws, giving Meta until September 1 to propose changes

Discussion: Engadget, Silicon Republic and European Commission, more at Techmeme »

Elahe Izadi / Washington Post:
A profile of John Paul Vranesevich, the owner and only full-time reporter for the Beaver Countian who beat the national media on a Donald Trump shooting scoop

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Amanda Meade / The Guardian:
Australian Financial Review Editor-in-Chief Michael Stutchbury plans to step down after 13 years, as AFR owner Nine Entertainment cuts 200 jobs to save $30M

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Wei Xing / International Journalists' Network:
A look at China Fact Check, an independent group of volunteer fact checkers of international news reports for Chinese audiences operating exclusively via WeChat

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Earlier Picks:

Sam Buckingham-Jones / Australian Financial Review:
Google has quietly renewed deals with Australian outlets, sources say as year-long deals, worth tens of millions of dollars under the News Media Bargaining Code

Discussion: Mumbrella, The Information and Media Voices

Marshall Cohen / CNN:
Hunter Biden drops his lawsuit against Fox News over its “mock trial” miniseries about his overseas financial dealings, after filing it last month

Discussion: HuffPost, The Hill, New York Times, Associated Press, Los Angeles Times, NPR, Washington Examiner, Reuters, Variety, Axios, Deadline, The Hollywood Reporter, TVNewsCheck and Fox News

Lucas Shaw / Bloomberg:
Sources: Apple's Eddy Cue has pushed TV+ studio chiefs to exert more control over budgets, hoping to change Apple's reputation as the biggest spender in town

Discussion: The Verge, @lucas_shaw, SlashFilm, @pkafka, The Streamable, @carnage4life, Cord Cutters News, Business Insider, AV Club, BGR, 9to5Mac, @lucas_shaw and @lucas_shaw

Matilda Battersby / The Bookseller:
Academics say publisher Taylor & Francis hadn't told them about selling access to authors' research as part of a $10M+ Microsoft AI deal, nor let them opt out

Discussion: Gerard Shields on LinkedIn, @nosword@localization.cafe, Christopher Steven Marcum on LinkedIn, Music Ally, Lydia Khalil on LinkedIn, @leaton01@scholar.social, Ariel Guersenzvaig on LinkedIn, Rebecca Clements on LinkedIn, Vicky Nagy on LinkedIn, @koutropoulos@social.ds106.us, @JorisMeys@mstdn.social, @BenPatrickWill@mastodon …, @Zeb_Larson@zirk.us, @Samuelmoore@hcommons.social, @rwg@aoir.social, Pivot to AI and Flaming Well

Katie Kilkenny / The Hollywood Reporter:
A year after the start of the double strike, SAG-AFTRA and WGA members, studio executives, and agents have mixed responses on whether the strikes were worth it

Discussion: Los Angeles Times, Deadline, @tvgrimreaper, @thr, @thr, @chuckslavindotcom@threads.net, AV Club, @nelsoncarvajal, @patrickbigpix, @aworkmanwriter and Digital Journal

From Techmeme:

Emma Roth / The Verge:
Nintendo delays Switch 2 preorders that were set for April 9 due to concerns about Trump's tariffs but the June 5 launch date remains unchanged

Dominic Preston / The Verge:
Microsoft Copilot adds support for memory, personalization, web-based actions, podcast creation, camera and screen analysis, deep research, and more

RT Watson / The Block:
The US SEC says that “covered” US dollar stablecoins like USDT and USDC are not securities, and registration is not required for minting or redeeming them

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