Top News:
Erik Hayden / The Hollywood Reporter:
Vox Media sells The Verge, SB Nation, Thrillist, The Dodo, and more to Penske; Vox's Ryan Pauley will join Penske as president of PMX, the new media brands unit — The deal formally winds down an era at Vox Media, which had sold its namesake site and podcast assets as well as New York magazine to James Murdoch.
Discussion:
Variety, Adweek, Rolling Stone, Music Ally, @tvgrimreaper, @markstenberg3, @parkerortolani, The Business of Fashion, AdExchanger, The Information, Yahoo Entertainment, Vox Media, @samitsarkar.bsky.social, Barrett Media, WWD, @dinfontay.com, New York Times, Awful Announcing, Yahoo Finance, @lopatto.bsky.social, Talking Biz News, @harrymccracken.com, Sportico, Deadline, IndieWire, The Wrap, @parkerortolani.com, @jetjocko.bsky.social, Gold Derby and Sports Business Journal
Elsa Keslassy / Variety:
Netflix subscribers in France can now access TF1 broadcasts and TF1+ on-demand content within Netflix at no extra cost; TF1 handles ad sales and programming — A year after sending shockwaves through the television industry with news of their unexpected alliance, France's TF1 Group and Netflix …
Erik Hayden / The Hollywood Reporter:
A report by LA officials estimates that the Paramount-WBD deal places about 2.5K jobs in LA and 6K jobs globally at risk due to duplicative roles — A new estimate by local officials who are in the process of assessing the impact of David Ellison's $111 billion merger places 2,500 jobs …
Discussion:
Media Play News
Andrew Cohen / InvestmentNews:
Robinhood plans to shutter the Sherwood News site in favor of newsletters and the Robinhood app; at least three reporters were cut in company layoffs this week — The fintech giant shifts its media strategy despite reporting record trading volumes this month amid its 10% staff reduction.
Discussion:
Wall Street Journal, @dollydeighton, citybiz, @ranimolla, Talking Biz News and Entrepreneur
Hugo Lowell / Wired:
New book: Bezos told Trump that WaPo had been one of his worst investments and “the people there are terrible”; Trump told associates Bezos was “kissing my ass” — “You would not believe the texts I got from these tech guys,” NYT reporters Maggie Haberman …
Discussion:
CNN, Mediaite, Raw Story, The Next Web, New York Times, Inc.com, Townhall, Implicator.ai, @jamiegangel, @plaintanjane.bsky.social, Newser, @ericjgeller.com, @eliasisquith.blog, New York Magazine, @radleybalko.bsky.social, @wajali.bsky.social, Breitbart, Legal Insurrection, @galacticstone@mastodon.social, @adamserwer.bsky.social, @katie-drummond.bsky.social, @wired.com, @researchbuzz@researchbuzz …, @hugolowell.bsky.social, The Post Millennial, @rbreich.bsky.social, @timmarchman.bsky.social, The Daily Caller, RADAR, Gizmodo, The Gateway Pundit, New York Post and Fox News, more at Techmeme »
Variety:
Amazon MGM Studios drops Luca Guadagnino's mostly finished movie on Sam Altman; Amazon struck a major deal with OpenAI in February, including a $50B investment — The film, starring Andrew Garfield as the controversial OpenAI CEO, will be shopped to other studios.
Brandy Zadrozny / MS NOW:
The Onion plans to relaunch Infowars on July 2 and will route more than $100,000 to Sandy Hook families, as legal fights over the website continue — The Onion's staff is tired of waiting for the courts to settle its pending takeover of Alex Jones' brand, so the new Infowars will launch next month.
Katie Robertson / New York Times:
NOTUS says it has “amicably resolved” The Washington Star's lawsuit over NOTUS' planned rebrand as The Star and it is working toward a new name — The publication is abandoning a planned rebranding after resolving a trademark dispute with the new publisher of The Washington Star.
Discussion:
@katie_robertson, Washington Post, Newser, @barredindc, @leahlibresco, @councilofdc, @kirk_bado, City Cast DC and Bloomberg Law
Kevin Roose:
NYT tech reporter Kevin Roose, host of Hard Fork with Casey Newton, is leaving the paper to launch a new show with Newton — I first visited The New York Times in 2010. I was fresh out of college, jobless during a recession, and new to New York, when I got an out-of-the-blue email …
Discussion:
@jason_kint, @max_fisher, @polynoamial, @bigmeaninternet, @brianstelter, @leahlibresco, @_nathancalvin, @asymmetricinfo, @erik-pbg.bsky.social, @marisakabas.bsky.social, @okane.fyi, @hunterwalk.com, @marisakabas.bsky.social, New York Times, @erik-pbg.bsky.social, Talking Biz News and @andysternberg.bsky.social
Financial Times:
Source: DAZN is restructuring its business with a new holding company to make it easier to raise money and explore a potential public listing — Lossmaking sports streamer restructures business to make it easier to raise new money — DAZN, the lossmaking sports streamer owned …
Discussion:
Sports Business Journal and Barrett Media
Kerry Flynn / Axios:
Some TV streaming executives express unease about Fox's proposed Roku deal, wondering whether Fox would favor its own programming on a key TV distributor — Fox's Roku deal has sparked unease throughout the streaming industry over whether the media company could favor its own programming on a key TV gateway.
Discussion:
Cord Cutters News and PCWorld
Patrick Brzeski / The Hollywood Reporter:
At a conference, an Amazon Prime Video exec says Prime Video works with 600+ content partners, including 70+ in Japan, 50+ in Australia, and 30+ in India — At Asia's leading media conference, held this week in Bali, Amazon regional entertainment leaders touted its radical localization strategies …
Discussion:
Deadline, Fortune India and MediaNews4U
