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10:05 AM ET, September 27, 2024

Mediagazer

 Top News: 
Ted Johnson / Deadline:
Newsmax and election systems company Smartmatic reach a confidential settlement that averts Smartmatic's defamation lawsuit over 2020 election lies  —  Newsmax has reached a settlement with election systems company Smartmatic, averting a defamation trial that was set to start next week.
Katie Kilkenny / The Hollywood Reporter:
Former child star Demi Lovato joined California Governor Gavin Newsom as he signed two bills that financially protect child influencers and content creators  —  Former child star Demi Lovato joined the California governor on Thursday as he greenlit legislation that expands the Coogan Law …
The Information:
Source: Amazon exceeded its goal of $1.8B in ad-spending commitments for its video-streaming offerings, including Thursday Night Football, in the coming year  —  Amazon's decision to introduce ads within its Prime Video streaming service is already paying off for the company.
Bloomberg:
Sources: Apple rethinks its movie strategy, including rolling back theatrical releases and cutting budgets for most to under $100M, after some box office misses  —  The tech giant intended to spend $1 billion annually on films for cinemas.  After several box office disappointments …
Discussion: Variety and 9to5Mac
Sarah Scire / Nieman Lab:
A look at National Trust for Local News, which owns 65 newspapers across Colorado, Maine, and Georgia, employs ~250 journalists, and has 100K paying subscribers  —  “What we're trying to solve for is not necessarily a business model problem.  We're trying to solve for an ownership incentive problem."
Charlotte Tobitt / Press Gazette:
A look at publishers' growing use of Subtext, founded in 2019 by Advance Local's Alpha Group, to drive traffic, reduce churn, and drive affiliate revenue  —  Could old-fashioned SMS texting be a more reliable alternative to fickle social media algorithms for publishers?
Elizabeth Lopatto / The Verge:
X is blocking links to Ken Klippenstein's newsletter with a hacked JD Vance dossier and has suspended Klippenstein's X account for posting Vance's personal info  —  X is preventing users from posting links to a newsletter containing a hacked document that's alleged to be the Trump campaign's research …
Andrew Marchand / New York Times:
Sources: ESPN lays off NBA senior writer Zach Lowe as part of continuing cost cutting; his salary, in excess of seven figures annually, was the biggest factor  —  ESPN has parted ways with NBA senior writer Zach Lowe as part of the network's continuing layoffs, sources briefed on the decision told The Athletic on Thursday.
Benjamin Mullin / New York Times:
Sources: CNN will begin experimenting in early October with a metered paywall, charging some readers for digital access after they read a set number of articles  —  CNN will begin experimenting in October with a subscription model, in a major initiative from its chief executive, Mark Thompson.
Carly Thomas / The Hollywood Reporter:
CNN won 11 awards in the 2024 News & Documentary Emmy Awards, ABC News won eight including three credited to Hulu, and National Geographic won five  —  The awards were handed out at the Palladium Times Square in New York City on Wednesday.  —  CNN, ABC and National Geographic are among …
RELATED:
Hadas Gold / CNN:
Nevada court hearings in the Murdoch family succession fight ended outside of public view; resolution may take weeks and be appealed to Nevada's Supreme Court  —  New York CNN —  —  The fate of Rupert Murdoch's vast media empire, including Fox News, is now in the hands of a Reno probate commissioner …
Todd Spangler / Variety:
AI company Runway launches The Hundred Film Fund, offering grants of $5,000 to $1M for 100 short films and feature-length movies that use generative AI  —  Runway is launching The Hundred Film Fund, an initiative to help produce and fund as many as 100 short films and feature-length movies …
 
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 More News: 
Sarah Perez / TechCrunch:
Subscription management platform RevenueCat acquires Dipsea, an app that offers subscriptions for “spicy” audiobooks, as a test ground for RevenueCat's features
Emma Roth / The Verge:
California Governor Gavin Newsom signed AB 2426, which forces digital stores to tell customers they are getting a revocable license when “buying” digital media
Nick Vivarelli / Variety:
Al Jazeera launched free Arabic streaming service Al Jazeera 360 on September 15, offering its news channels and 50,000 hours of content from its archives
 Earlier Picks: 
Kayleigh Barber / Digiday:
Business Insider Chief Subscriptions Officer Katie Friedman says a test of an AI smart paywall from December 2023 to April 2024 increased conversions by 75%
New York Times:
Hoda Kotb plans to leave NBC's Today early next year but will remain an occasional contributor to NBC; her exit will create two vacancies in the Today franchise
Alan Wong / Bloomberg:
Hong Kong District Court sentences now-shuttered Stand News editor Chung Pui-kuen to 21 months in prison, the first jailing of a journalist on sedition charges
Thomas Claburn / The Register:
Matt Mullenweg says WP Engine no longer has free WordPress.org access and directs WP Engine customers having trouble with their websites to WP Engine support
 

 
From Techmeme:

Qianer Liu / The Information:
Sources: Intel and TSMC have reached a preliminary agreement to form a joint venture that will operate Intel's chipmaking facilities; TSMC will take a 20% stake

Kif Leswing / CNBC:
Tech stocks fall after President Trump announced new global tariffs: Amazon closed down 9%, Meta 9%, Nvidia 7.8%, Alphabet 3.9%, and Microsoft 2.4%

Will Oremus / Washington Post:
An increasingly vocal contingent of GOP leaders, some of whom attended Y Combinator's Little Tech Competition Summit, call for antitrust action against Big Tech

 
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