Top News:
Sara Fischer / Axios:
AP warns Lee Enterprises that Lee's attempt to end its deal with AP early, on April 26 instead of December 31, could lead to breach of contract consequences — The Associated Press is warning Lee Enterprises, one of the largest independent local newspaper companies, that its attempt to break a news licensing contract is “not valid.”
Discussion:
The Wrap
RELATED:
Luisa Kroll / Forbes:
A profile of David Hoffmann, who has bought 40+ titles since 2022, has a 53% stake in Lee Enterprises, and plans to “save” papers through hyperlocal coverage — In just four years, billionaire entrepreneur David Hoffmann has gained control of 131 titles around the country including …
Discussion:
Luisa Kroll on LinkedIn and Tim Franklin on LinkedIn
April Roach / CNBC:
Bill Ackman's Pershing Square proposes to acquire Amsterdam-listed Universal Music Group for €56B in cash and stock, form a merged company, and list on the NYSE — Activist investor Pershing Square said Tuesday it is planning to buy Universal Music Group in a cash and stock deal worth about 55.8 billion euros ($64.4 billion).
Discussion:
Fortune, The Ankler, Music Business Worldwide, @billackman, @stocksavvyshay, Billboard, The Wrap, Digital Music News, New York Post, The Hollywood Reporter, Irish Independent, Reuters, Fast Company, Barron's Online, Proactive, The Times, The Independent, Dow Jones Newswires, Deadline, Bloomberg and Business Insider
RELATED:
Reuters:
UMG's shares jumped 11% following Pershing Square's €56B offer, which is a 78% premium to its April 2 close; UMG is down nearly 33% since its 2021 listing
UMG's shares jumped 11% following Pershing Square's €56B offer, which is a 78% premium to its April 2 close; UMG is down nearly 33% since its 2021 listing
Discussion:
Bloomberg, Al Jazeera, The Movie Blog, Originally Reported …, The Daily Upside, Motley Fool, Lefsetz Letter, Fortune, Billboard, The Times, Inc.com, Financial Times, Dow Jones Newswires, Pershing Square, Digital Music News, CMU, Los Angeles Times, Financial Times, Yahoo Finance, Music Business Worldwide, Euronews, Forbes, Gnaneshwar Rajan on LinkedIn, Wall Street Journal, Barron's Online, Australian Financial Review, Music Ally, Reuters, Benzinga, Associated Press, CBS News, CNN, The Independent, Semafor, Proactive, New York Times, Blockonomi, Bloomberg, The Next Web, Telegraph, The Irish Times, The Standard, The Guardian, Wall Street Journal, Variety, The Hollywood Reporter and Daily Sabah
New York Times:
Journalist Shelly Kittleson, abducted in Iraq by an Iranian-aligned militia, has been freed after a week in captivity, per the militia and two Iraqi officials — The journalist, Shelly Kittleson, was abducted by a militia allied with Iran and held for a week.
Discussion:
Associated Press, @joyce_karam, @foxnews, @joyce_karam, Reuters, @osint613, UPI, The Daily Caller, @lensconflict, @joyce_karam, One America News Network, HotAir, The Daily Wire, ZeroHedge News, AL-MONITOR, Deadline, Washington Post, Al Jazeera, @nickkristof.bsky.social, FOX 4 News Dallas-Fort Worth, The Gateway Pundit, Human Events, New York Sun, Fox News, Jodie Ginsberg on LinkedIn, Washington Examiner, The Hill, @syrianotes.org, WUSA, Newser, Mediaite, France 24, WTOP News, @Nonilex@masto.ai, The US Sun, The Sun and Politico
Corbin Bolies / The Wrap:
McClatchy began rolling out a “content scaling agent” that summarizes and repurposes reporters' work with new headlines in Q1, prompting some employee pushback — Sacramento Bee staffers refuse bylines over a new AI tool as colleagues at the Miami Herald and Charlotte Observer harbor concerns
Mike Masnick / Techdirt:
Analysis: The NYT should retract its profile of AI-powered startup Medvi in light of other reporting that revealed the telehealth company's deceptions — Since the New York Times published its semi-viral big profile of Medvi last week — the “AI-powered” telehealth startup that it breathlessly described …
Charlotte Klein / New York Magazine:
A look at NYT's two magazines: T, which is seeking a new EIC and remains ad-oriented, and NYT Magazine, which has become hard to differentiate from the paper — A fashion publicist was recently talking to me about T, the style magazine of the New York Times, whose fabulously enigmatic editor …
Discussion:
@chaykak and @radosh.bsky.social
Ted Johnson / Deadline:
CNN defends the authenticity of an Iranian “victory” statement, saying it came from “official Iranian spokespeople”, after criticism from Trump and Brendan Carr — About 90 minutes after announcing a two-week ceasefire in the war in Iran, Donald Trump was irate …
Discussion:
MS NOW, @jeremymbarr, @jeremymbarr, @rolandsmartin, @dastdn, The Wrap, @meidastouch, Raw Story, The Independent, @bendreyfuss, @rapidresponse47, @jimstewartson, @rapidresponse47, @tedlieu, RedState, The Gateway Pundit, @aricohn, @cnnpr, @macaesbruno, @sghasseminejad, @ginamilan_, Mediaite and Washington Examiner
Alexandra S. Levine / Bloomberg:
TikTok says ad leader Khartoon Weiss is leaving to pursue a new opportunity after nearly six years at the company, the latest high-profile executive to exit — TikTok advertising leader Khartoon Weiss is leaving the short-form video company, joining a wave of American executives stepping down over the past year.
Discussion:
MediaPost, Business Insider and Digiday
Ashley Carman / Bloomberg:
Soros Fund Management is leading an investment round into MeidasTouch Network to expand its 24-hour digital news operation; the terms were not disclosed — The MeidasTouch Network has taken off on YouTube as a top podcast with 300 million views a month — George Soros remains bullish on liberal podcasts.
Discussion:
@ashleyrcarman, @maxwelltani, @kevinleecaster.bsky.social and Meidas+
Matthew Keys / TheDesk.net:
Ad tools provider Amagi tests Newspulse, which uses AI to help TV stations convert news broadcasts into social media clips; a broader release is planned in June — Amagi has unveiled a new tool called Newspulse that uses artificial intelligence to help television stations convert …
Discussion:
TV Tech, Media Play News, TVBEurope and MediaNews4U
Andrew Liszewski / The Verge:
Amazon says Kindle and Kindle Fire devices released in 2012 and earlier won't be able to access the Kindle Store from May 20; downloaded books can still be read — Starting May 20th, Kindle and Kindle Fire devices released in 2012 and earlier won't have access to the Kindle Store.
Discussion:
Good e-Reader, Business Standard, XDA Developers, PCMag, Tech Times and TechRadar
