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:
The Wrap, @sarafischer, Reuters, Deadline, Gordon Geist on LinkedIn, Financial Times, AV Club, The Hill and The Desk
RELATED:
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
Wall Street Journal:
Sources: former Warner Music CEO Edgar Bronfman Jr. has submitted a $4.3B offer for National Amusements and a minority stake in Paramount Global — Bronfman is looking to scuttle a previous agreement to merge Paramount with David Ellison's Skydance Media — Media executive Edgar Bronfman Jr …
Discussion:
Digiday, The Wrap, Commercial Observer, Front Office Sports, New York Post, The Guardian, Jessica Toonkel on LinkedIn, The Streamable, The Media Leader, Media Play News, Quartz, Ad Age, Los Angeles Times, Lauren Thomas on LinkedIn, New York Times, Music Business Worldwide, Reuters, Next TV, Associated Press, Deadline, Variety, The Hollywood Reporter and @jeffjarvis@mastodon.social
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:
Business Insider, Condé Nast, @nyguild, @claremalone, @claremalone, @goodbyealma, @clarajeffery, @knibbs, @knibbs, Neowin, Katie Drummond on LinkedIn, Engadget, @ednewtonrex, @kennysmith@mstdn.social, @bigblackjacobin, TechCrunch, @acwardblueridge@threads.net, The Wrap and The Guardian, more at Techmeme »
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, @justiceatr, @baddcompani, @pgunigantiat, @tessaduvall, @paulhammelne, @yahoofinance, @future_of_music, @agtennessee, @newyorkstateag, @moetkacik, The Hill, TechCrunch, Music Ally, Fast Company, @edbott.com, 9to5Mac, Tennessee State Government, WOWT-TV, KOB.com, NOLA.com, KTIV-TV, The Verge, Quartz, Billboard, Rolling Stone and Reuters, more at Techmeme »
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, The Hollywood Reporter, Bloomberg, RADIO ONLINE, Sirius XM Holdings Inc., USA Today, The Daily Beast, Tubefilter, @litcapital, Leigh Fulton on LinkedIn, Billboard, Awful Announcing, Mike Wolber on LinkedIn, Natalie Wellens on LinkedIn, Kerry Flynn on LinkedIn, The Information, @maxwelltani, Digital Music News, CNN, Hollywood Life, The Hill, The Wrap, New York Daily News, The Verge, Barrett Media and Deadline
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
Hoda Sherif / The Nation:
Four journalists discuss how their reporting on Gaza was restricted, bias in newsrooms they worked in, and how being Palestinian impacted their work — There is often a high price to be paid when journalists try to tell Palestinian stories. — Pocket — In the heart of Gaza's ruins …
Discussion:
@jackmirkinson and @sahar_fatima
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 …
CNN:
Disney says a wrongful death lawsuit can now proceed to court, after initially arguing that the widower's Disney+ trial contract prohibited him from suing — Disney has reversed course on a wrongful death lawsuit brought by the widower of a woman who died after eating at a resort restaurant, saying the matter can now proceed to court.
Discussion:
The Wrap, Ars Technica, New York Times, The Verge, @discussingfilm, Forbes, @culturecrave, Los Angeles Times, @carnage4life, @scottgustin, @itsmattslaw@threads.net, @cdavidnorris, IndieWire, Inside the Magic, Law & Crime, TVNewsCheck, @bajablastoise.bsky.social, The Guardian, KHOU-TV, @privacat.bsky.social, @spavel.bsky.social, New York Post, Cord Cutters News, CBR, Daily Mail, BBC, Reuters, CBS News and Deadline
Daniel Wiessner / Reuters:
A US district judge in Texas strikes down the FTC's ban on worker noncompete agreements, due to start September 4, after temporarily blocking the rule in July — A federal judge in Texas on Tuesday barred a U.S. Federal Trade Commission rule from taking effect that would ban agreements commonly signed …
Discussion:
HuffPost, @chrisgeidner@threads.net, Associated Press, @wademinter.com, Reuters, US District Court for the Northern District of Texas, @joeinwynnewood@mstdn.social, The Hill, @nateraymond, The Information, @aggualaqisaaq@mastodon …, @ppatel@mstdn.social and New York Times, more at Techmeme »
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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