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12:15 PM ET, August 27, 2024

Mediagazer

 Top News: 
New York Times:
Edgar Bronfman Jr. drops his 11th-hour bid to take control of Paramount and buy National Amusements; sources: Bronfman couldn't offer proof of financing in time  —  Mr. Bronfman has frantically put a bid together over the last week even as Paramount raised questions about his financing.
RELATED:
Siobhan Hughes / Wall Street Journal:
In a letter to Rep. Jim Jordan, Mark Zuckerberg says he regrets Meta wasn't more outspoken about Biden administration pressure to restrict some COVID-19 content  —  Meta CEO also says he won't repeat 2020 efforts to fund local elections, which Republicans criticized as ‘Zuckerbucks’
Todd Spangler / Variety:
Jason and Travis Kelce sign a deal with Amazon's Wondery for rights to their popular New Heights podcast; a source says the three year deal is worth $100M+  —  Three-year pact gives Wondery rights to ad-sales, distribution and more to NFL stars' weekly show
Mia Sato / The Verge:
Gannett is shutting down its product reviews site Reviewed, sources say on November 1; staff previously accused Gannett of publishing AI-generated reviews  —  Newspaper giant Gannett is shutting down Reviewed, its product reviews site, effective November 1st, according to sources familiar with the decision.
Chris Eggertsen / Billboard:
Spin returns to print as a quarterly magazine after being out of circulation since late 2012; Bob Guccione Jr., who founded the publication in 1985, is the EIC  —  After more than a decade out of circulation, SPIN is returning to print as a quarterly magazine, the media brand announced Tuesday …
Discussion: Head Topics
Blake Brittain / Reuters:
A judge reverses a jury's $600K verdict that Disney misused Rearden's tech in Beauty and the Beast, saying it couldn't have known its contractor was misusing it  —  Disney (DIS.N) convinced a federal judge in California on Monday to reverse a jury's $600,000 verdict that it misused another …
Discussion: Plagiarism Today
Politico:
Sources: the Harris-Trump negotiations for the ABC debate on September 10 have hit an impasse; the Harris campaign says they want open mics during the debate  —  With help from Eli Okun, Garrett Ross and Bethany Irvine  —  DRIVING THE DAY  —  SCOOP: IS THIS THING ON?
Variety:
Sony India and Zee Entertainment reach a comprehensive, non-cash settlement to resolve all disputes related to their planned $10B merger, halted earlier in 2024  —  The agreement brings an end to the legal proceedings that had been ongoing at the Singapore International Arbitration Centre …
Christopher Palmeri / Bloomberg:
Sources: Disney is in contract renewal talks with DirecTV that could see ABC, ESPN, and other channels blacked out as early as September 1 if no deal is reached  —  DirecTV is looking to ease contract terms that have long required cable and satellite-TV distributors to charge customers …
Jon Brodkin / Ars Technica:
A US federal judge orders Missouri's AG to halt his probe into Media Matters' November 2023 X ads report, after a similar order against Texas' AG in April 2024  —  Judge: Missouri AG's actions chill speech about extremist content on Musk's X.  —  A federal judge ordered Missouri's attorney general …
 
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 More News: 
Maxwell Zeff / TechCrunch:
Viggle, developer of 3D-video foundation model JST-1, raised a $19M Series A led by a16z; Viggle says the model is trained on public sources, including YouTube
Anna Tong / Reuters:
OpenAI supports CA bill AB 3211 to require companies generating AI content to add watermarks; the bill passed in the state Assembly 62-0 and heads to Senate
Reuters:
A Pakistani court acquits a man of cybercrime offences for spreading misinfo about the Southport, UK, attacker while working for news aggregator Channel3Now
 Earlier Picks: 
Max Tani / Semafor:
Sources: ABC News adjusted 538's US election model after taking it down for nearly a month; Nate Silver and Nate Cohn criticize ABC over a lack of transparency
Hamza Ibrahim / Semafor:
Q&A with Nigerian satirist Bello Galadanci, aka Dan Bello, a trained journalist who has 1M+ TikTok followers of his videos blending social commentary and comedy
Max Tani / Semafor:
A group of media veterans and Democratic political operatives launch The Barbed Wire, a Texas for-profit digital news outlet; Olivia Messer is editor-in-chief
Nicole Sperling / New York Times:
After a string of misses at theaters, Apple reverses course on upcoming action comedy Wolfs, starring Brad Pitt, by opting for a very limited theatrical release
Reuters:
Reuters says a strike on a hotel in eastern Ukraine killed Ryan Evans, who was a safety adviser for the agency, and two journalists were hospitalized
 

 
From Techmeme:

Dave Liedtka / Bloomberg:
MicroStrategy bought ~51,780 bitcoin for ~$4.6B between November 11 and November 17, its largest purchase since starting in 2020, and now holds $29B+ in bitcoin

Bloomberg:
How Wall Street is preparing to cash in on AI hysteria; analysis: delivering on AI's promise will require $1T+ for data centers, electricity, and comms networks

Mark Gurman / Bloomberg:
How Tim Cook may navigate Trump's presidency, a closer look at Apple's upcoming smart home command center, sources detail a new AirTag coming in 2025, and more
 
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