Top News:
Sara Fischer / Axios:
Source: Edgar Bronfman Jr. has raised $5.5B for a bid for National Amusements, and plans to submit a bid higher than his initial $4.3B offer in the coming days — - It would also draw out an already long and complicated sale process for Paramount. … - Paramount's special committee is expected to review the bid on Wednesday.
Discussion:
Broadband TV News, Commercial Observer, Front Office Sports, New York Post, AV Club, The Wrap, Reuters, @sarafischer, Gordon Geist on LinkedIn, Financial Times, Deadline, The Guardian, The Streamable, The Media Leader, The Hill, Quartz, Ad Age, Los Angeles Times, New York Times, Music Business Worldwide, The Desk, Variety, The Hollywood Reporter and Wall Street Journal
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The Wrap:
Document: Edgar Bronfman Jr.'s Paramount bid is backed by a group of 19 investors including Fortress, Brock Pierce, and producer Steven Paul — Kazakh investor Nurali Aliyev joins Fortress and producer Steven Paul in the last minute $4.3 billion bid — Cryptocurrency mogul Brock Pierce …
Discussion:
TVNewsCheck and Deadline
Editor and Publisher:
A draft plan circulating among California lawmakers and media leaders would create a Local News Fund with Google and state money, run by a board at UC Berkeley — Following years of legislative work, a draft deal between Google, Gov. Gavin Newsom and Assemblymember Buffy Wicks …
Kate Knibbs / Wired:
Condé Nast agrees a multiyear deal with OpenAI, letting ChatGPT and SearchGPT surface stories from The New Yorker, Vogue, Vanity Fair, Bon Appetit, and Wired — The media company joins The Atlantic, Axel Springer, Vox Media, and a host of other publishers who have partnered with OpenAI.
Discussion:
Press Gazette, Condé Nast, @nyguild, @knibbs, @claremalone, @knibbs, Neowin, Business Insider, @goodbyealma, @clarajeffery, @ednewtonrex, @bigblackjacobin, @acwardblueridge@threads.net, @claremalone, The Guardian, @kennysmith@mstdn.social, Engadget, The Wrap, TechCrunch and Katie Drummond on LinkedIn, more at Techmeme »
Tommy Craggs / Bloomberg:
How the end of a federal ban on sports gambling transformed the way sports media is funded and changed what kind of stories get covered and published — The $10 billion industry transformed how sports media is funded—and written. — Few journalists embody the gambling industry's capture …
Discussion:
@patrickhayes_13, @albertburneko, @travis_waldron, @tcraggs22, @ghaleonq, @kevinmdraper and Front Office Sports
Todd Spangler / Variety:
Alex Cooper reaches a multiyear agreement with SiriusXM, replacing Spotify; source: the deal is for a little more than 3 years and is worth as much as $125M — Alex Cooper, host of the popular “Call Her Daddy” podcast, reached a multiyear agreement with SiriusXM that encompasses exclusive programming …
Discussion:
Axios, Inside Radio, The Hollywood Reporter, CMU, Bloomberg, Sirius XM Holdings Inc., The Daily Beast, Tubefilter, @litcapital, Awful Announcing, Mike Wolber on LinkedIn, Natalie Wellens on LinkedIn, USA Today, Kerry Flynn on LinkedIn, RADIO ONLINE, @maxwelltani, Digital Music News, Billboard, Hollywood Life, Leigh Fulton on LinkedIn, CNN, The Information, The Hill, The Wrap, New York Daily News, The Verge, Barrett Media and Deadline
Daniel Tencer / Music Business Worldwide:
The AGs of 10 states join the US DOJ's antitrust lawsuit seeking to break up Live Nation and Ticketmaster; 39 states, plus DC, are now part of the lawsuit — The attorneys general of 10 states have joined the US Department of Justice (DoJ)'s antitrust lawsuit seeking to break off Live Nation …
Discussion:
US Department of Justice, @pgunigantiat, @future_of_music, @newyorkstateag, @tessaduvall, @baddcompani, @yahoofinance, @agtennessee, @paulhammelne, @moetkacik, @justiceatr, The Hill, Fast Company, TechCrunch, Music Ally, @edbott.com, 9to5Mac, Tennessee State Government, WOWT-TV, KOB.com, NOLA.com, KTIV-TV, The Verge, Quartz, Billboard, Rolling Stone and Reuters
Georg Szalai / The Hollywood Reporter:
Paramount and Canal+ unveil an updated deal under which Canal+ subscribers in France get Paramount+ at no additional cost — Under the updated deal, Canal+ subscribers can access Paramount+ at no additional cost, no matter which subscription plan they have.
Discussion:
Advanced Television, Broadband TV News and Engadget
Anna Gross / Financial Times:
Ofcom says it has 460+ people working on enforcing the Online Safety Act and plans to grow that by 20% to 550+ by March 2025, or 33% of its 1,500 total staff — Online safety rules in the spotlight after violent unrest sparked by spread of misleading news on social media
Discussion:
@paulmarsha11 and @jakdaw09
Blake Brittain / Reuters:
Writers and journalists Andrea Bartz, Charles Graeber, and Kirk Wallace Johnson sue Anthropic, saying it misused their books and others' to train Claude — Artificial intelligence company Anthropic has been hit with a class-action lawsuit in California federal court by three authors …
Omar Oakes / The Media Leader:
Paramount says it will rebrand the UK's Channel 5 as just “5” and no longer merge My5 with Pluto TV, as part of plans to relaunch under one name by April 2025 — Paramount is rebranding Channel 5 to just 5 as part of plans to relaunch the public-service broadcaster across linear …
Discussion:
The Desk, @sphilsmith, @scottygb, @thesimonc90, Broadcast, Cord Busters, Metro.co.uk, Broadband TV News, WORLD SCREEN, Advanced Television, TVNewsCheck and Deadline
Dan Sullivan / Tampa Bay Times:
Bala Sundaramoorthy, ex-GM of The Atlanta Journal-Constitution, will become president and COO of Tampa Bay Times' parent on October 1, succeeding Joe DeLuca — Bala Sundaramoorthy, former general manager of the Atlanta Journal-Constitution, will serve as the company's president and chief operating officer.
Discussion:
Conan Gallaty on LinkedIn, Editor and Publisher and MediaPost
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