Bloomberg Media unveils product updates, including more deep-dive long reads on Businessweek, set to become a monthly in July, and reports 540K subscribers (Dominic Ponsford/Press Gazette)

Mediagazer: Bloomberg Media unveils product updates, including more deep-dive long reads on Businessweek, set to become a monthly in July, and reports 540K subscribers (Dominic Ponsford/Press Gazette)

Top News:

Wall Street Journal:

Sources: the NBA is closing in on deals with NBC, ESPN, and Amazon that would bring in ~$76B in media revenue over 11 years; the deals will include WNBA rights— The National Basketball Association entered its first TV negotiations in a decade with a problem: Its main business partners seemed to be on shaky footing.
Discussion: The Wrap, Sports Media Watch, Barrett Media, Chris Pfaff on LinkedIn, New York Post, @benfritz, @asharma, @webbarr, @asharma, @jbflint, Cord Cutters News, @jbflint and The Ringer

Discussion:

Lucas Manfredi /
The Wrap: NBA Close to $76 Billion TV Rights Deal With NBC, Amazon and Disney | Report Barrett Media: Report: NBA Closing In on $76 Billion TV Media Rights Deal With Disney, NBCUniversal, Amazon

Chris Pfaff /
Chris Pfaff on LinkedIn: At the buzzer...Turner is shut out of the new National Basketball Association (NBA) TV deal. This is extraordinary, given Turner (Turner Broadcasting System, Inc)'s legacy with the NBA. …

Matt Ehalt /
New York Post: NBC, ESPN, Amazon ‘closing in’ on $76 billion deals with NBA as TNT's future in jeopardy

Ben Fritz /
@benfritz: NBCU is preparing to pay $2.5B per year for new NBA rights on-air and on Peacock and it could have major repercussions for the company's entertainment spending. [image]

Ben Fritz /
@benfritz: Great scoop on the details of the NBA's next blockbuster, $76 billion(!!) TV deal by @JBFlint @asharma + @thesimonetti full of juicy details. https://www.wsj.com/...

Amol Sharma /
@asharma: A few of the details in here: — About half of NBC's 100 games will be exclusively available on Peacock, a big bet on streaming. — NBC likely raising Peacock price and planning significant budget cuts — Amazon was invited in during the “exclusive” TNT/ESPN negotiations. @webbarr: “Entertainment is a swamp, and sports is the only firm ground,” - former Fox Sports chief David Hill https://www.wsj.com/...

Amol Sharma /
@asharma: The NBA is closing in on deals with NBC, Amazon and ESPN that point to the staggering value of sports rights and the anxieties of media's biggest players. “Entertainment is a swamp, and sports is the only firm ground.” w/ @JBFlint @ @thesimonetti https://www.wsj.com/...

Joe Flint /
@jbflint: What divided the NBA and TNT wasn't a couple hundred million bucks. It was the NBA cherry picking playoffs and other big games from TNT to sell to Amazon and NBC. https://www.wsj.com/...

Joe Flint /
@jbflint: For Comcast and NBC an NBA deal puts pressure on Peacock which will need to raise prices. Deal also causing tensions with entertainment teams who fear significant cost cuts to help sports foot bill for massive bet. A lot has to go right for this to work. https://www.wsj.com/...

Joe Flint /
@jbflint: Don't be surprised if the next court Adam Silver and David Zaslav see each other in isn't at Madison Square Garden. W/⁦@asharma⁩ & ⁦@thesimonetti⁩ https://www.wsj.com/...

Engadget:

Twitch says its Twitch Tier 1 subscriptions in the US will increase from $4.99 per month to $5.99 per month on July 11, the first price hike for US subscribers— Monthly Tier 1 memberships will go up by $1 in July. — Twitch is joining Spotify, Max, Peacock, Crunchyroll …

Discussion:
@twitchsupport, @majorlinux@toot … and help.twitch.tv, more at Techmeme »

Discussion:
@twitchsupport: @DrSteinmanTTV Hey, Streamers will continue earning according to their revenue share (50-70%)💜 Streamers will make more money per subscription with the price increase. @majorlinux@toot.majorshouse.com: It was bound to happen eventually. — Twitch is raising US subscription prices for the first time — https://www.engadget.com/... #Twitch #Subscriptions #Prices #US #Streaming #ContentCreation — [image]

RELATED:

Variety:
WBD increases the price for Max's ad-free version from $15.99 to $16.99 per month and the Ultimate ad-free tier from $19.99 to $20.99 per month

Discussion:
The Verge, Digiday, ComingSoon.net, 9to5Mac, @sarafischer, @jbflint, @tvgrimreaper, New York Post, @variety, The Hollywood Reporter, The A.V. Club, StreamTV Insider, The Desk, Los Angeles Times, Engadget, The Streamable, IndieWire, BGR, Deadline, Next TV, The Wrap, Media Play News, TVLine and Digital Trends

Discussion:

Emma Roth /
The Verge: Max raises prices across its ad-free plans

Sara Fischer /
@sarafischer: 🤑 Summer stream-flation https://www.axios.com/... #axiosmediatrends [image]

Joe Flint /
@jbflint: Stating the obvious but goal here is to get more subscribers to drop ad-free and sign up for lower price commercial version of platform. Me, I'll pay the extra $1.

Eric Revell /
New York Post: Max streaming service is latest to hike prices — here's how much it will cost you @variety: Existing subscribers will be notified 30 days in advance of their plan renewing and see price increases starting from their next billing cycle on or after July 4. The ad-supported price remains the same at $9.99/month or $99.99/year. https://variety.com/...

Etan Vlessing /
The Hollywood Reporter: Max Raises Price for Ad-Free Subscriber Tier

Bevin Fletcher /
StreamTV Insider: Warner Bros. Discovery increases prices for ad-free Max subscriptions

Matthew Keys /
The Desk: Max rolls out price increase on ad-free tiers of service

Christi Carras /
Los Angeles Times: Warner Bros. Discovery is raising Max prices. Here's how much it'll cost you

Lawrence Bonk /
Engadget: Max just raised subscription prices again

David Satin /
The Streamable: Canceling Max Because of Newest Price Hike? Which Cheaper Streamers Should You Replace It With?

Samantha Bergeson /
IndieWire: The Max Price Increase Is Here, Just in Time for ‘House of the Dragon’ Season 2

Denise Petski /
Deadline: Max Hikes Prices For Ad-Free Plans Effective Immediately

Lucas Manfredi /
The Wrap: Max Hikes Prices on Ad-Free Tiers

Erik Gruenwedel /
Media Play News: Max Streaming Service Raising Subscription Prices

Ryan Schwartz /
TVLine: Max Is Raising Prices, Effective Immediately — How Much It'll Cost to Stream Without Ads

Phil Nickinson /
Digital Trends: The ad-free options for Max are getting more expensive

Sportico:

Diamond Sports Group reaches a tentative deal for a new naming-rights sponsor for its regional sports networks; a report says FanDuel plans to replace Bally's— Diamond Sports Group on Tuesday confirmed that it has reached an agreement in principle on a new naming-rights sponsor …

Discussion:
The Streamable, Bloomberg, Legal Sports Report, Awful Announcing, Barrett Media, Cord Cutters News and Next TV

Discussion:

David Satin /
The Streamable: NBA, NHL Demand Answers from Diamond Sports Group as Future of Regional Sports Networks Fades

Christopher Palmeri /
Bloomberg: FanDuel Nears Deal for Naming Rights to Diamond Sports Channels

Sam McQuillan /
Legal Sports Report: FanDuel Deal For Bally Sports Channels Hinges On Diamond Bankruptcy

Sean Keeley /
Awful Announcing: FanDuel reportedly taking over naming rights on Diamond's Bally Sports networks

Luke Bouma /
Cord Cutters News: Comcast May Kill Bally Sports As The NHL Demands Clarity On The Future of The RSNs This Week

Reuters:

Netflix plans to donate $1M to the Innocence Project to settle a defamation lawsuit by ex-prosecutor Linda Fairstein over a 2019 Central Park Five show— Netflix (NFLX.O) settled a defamation lawsuit brought by best-selling author and former Manhattan sex crimes prosecutor Linda Fairstein …

Discussion:
@theferocity.bsky.social, UPI, The Wrap, Deadline, Los Angeles Times, The Daily Beast, Variety and The Hollywood Reporter

Discussion:

Sheri Walsh /
UPI: Netflix, ex-prosecutor Linda Fairstein settle defamation lawsuit over ‘Central Park Five’ docuseries

Jacob Bryant /
The Wrap: Ava DuVernay Calls Linda Fairstein a Bully ‘Responsible’ for Wrongful Central Park 5 Conviction in Statement on Settlement

Dominic Patten /
Deadline: Ava DuVernay Rips Central Park 5 Prosecutor After Lawsuit Settlement, Praises Netflix For “Unwavering Support” & $1M Innocence Project Donation

Christi Carras /
Los Angeles Times: Netflix, Ava DuVernay settle defamation lawsuit brought by ‘When They See Us’ prosecutor

Gene Maddaus /
Variety: Linda Fairstein and Netflix Settle Suit Over Ava DuVernay's Central Park Five Series

Press Gazette:

Bloomberg Media unveils product updates, including more deep-dive long reads on Businessweek, set to become a monthly in July, and reports 540K subscribers— Bloomberg Media is betting on increased website functionality and deeper reporting to keep it ahead of generative AI-based information providers.

Reuters:

China-linked app NewsBreak used AI to write 40+ inaccurate local US stories since 2021 and in March added a note that its content “may not always be error-free”— Last Christmas Eve, NewsBreak, a free app with roots in China that is the most downloaded news app in the United States …

Discussion:
@reuters, @wexler, @reuters and @robdecola

Discussion:
@reuters: NewsBreak is a privately held start-up, whose primary backers are in San Francisco and Beijing. It's the most-downloaded news app in the US. And, using AI, it has also published erroneous stories, @pearswick writes https://www.reuters.com/...

Nu Wexler /
@wexler: “Newsbreak generates revenue by showing ads to its users, who are predominantly female, above the age of 45, without college degrees, and live in suburban or rural parts of the U.S. ... ” https://www.reuters.com/...

@reuters:
Billing itself as ‘the go-to source for all things local,’ NewsBreak says it has over 50 million monthly users. But the app's AI has resulted in some erroneous stories. NewsBreak blames incorrect source material https://www.reuters.com/... [image]

New York Times:

The Columbia Law Review's website was taken offline by its board of directors after the journals' student editors published an article criticizing Israel— The board of directors of the student-run publication said that the article, by a Palestinian human rights lawyer, had not been subject to sufficient review.

Discussion:
CNN, The Daily Beast, The Intercept, @jameeljaffer and Associated Press

Discussion:

Jordan Valinsky /
CNN: Columbia Law Review website is down after publishing a story criticizing Israel

Dan Ladden-Hall /
The Daily Beast: Columbia Law Review Site Taken Down Over Article Accusing Israel of Genocide The Intercept: Columbia Law Review Refused to Take Down Article on Palestine, So Its Board of Directors Nuked the Whole Website

Jameel Jaffer /
@jameeljaffer: This is a crazy, disturbing story. I would like to know more about the purported procedural irregularities, but nuking the website is a drastic, extraordinary step that requires much more justification than has been supplied by the directors thus far. https://theintercept.com/...

Mumbrella:

Several senior executives, including sales managers, are leaving as part of News Corp Australia's ongoing restructuring; more staff cuts are expected next week— The biggest restructuring in News Corp Australia's history continues to roll on, as several senior executives have been moved on.

Discussion:
Australian Financial Review, Mediaweek and

Discussion:

Sam Buckingham-Jones /
Australian Financial Review: News Corp on edge as redundancies roll out after major restructure

Tess Connery /
Mediaweek: Michael Miller calls for tech giants to be bound by ‘social licence’: 'They don't mine our minerals, they mine our lives'

Reuters:

A federal class action suit against the NFL over claims of using agreements to control Sunday Ticket distribution, letting DirecTV raise prices, heads to trial— The National Football League and subscribers to its “Sunday Ticket” televised game package are headed to trial on Wednesday …

Discussion:
Bloomberg

Discussion:

Bloomberg:

FT Ventures buys a minority stake in Toronto-based news company The Logic, launched in 2018; the FT's media consulting arm will help with subscriptions and more— FT Ventures will become a minority owner of the Toronto-based news company, which was launched in 2018.

Discussion:
Talking Biz News

Discussion:

Chris Roush /
Talking Biz News: Canada biz news site The Logic raises $4 million

Bloomberg:

The UK's Competition Appeal Tribunal rules that a class action lawsuit against Google over allegations of abusing its dominance in digital ads can proceed— London judges ruled a class action lawsuit to proceed against Google potentially seeking billions of pounds in damages over allegations …

Discussion:
Press Gazette, The Register, Advanced Television, City A.M., @pressgazette, Reuters, more at Techmeme »

Discussion:

Charlotte Tobitt /
Press Gazette: £13.6bn damages claim against Google on behalf of UK publishers to go to trial

Matthew Connatser /
The Register: UK tribunal greenlights $17.4B advertising monopoly case against Google

Maria Ward-Brennan /
City A.M.: Google faces £14bn UK class action after Tribunal greenlights claim @pressgazette: Google has now given a statement calling the lawsuit “speculative and opportunistic. We'll oppose it vigorously and on the facts” https://pressgazette.co.uk/...

@pressgazette:
New: £13.6bn damages claim against Google on behalf of UK publishers to go to trial London's Competition Appeal Tribunal on Wednesday certified a claim representing UK publishers and allowed it to go to trial, dismissing Google's arguments against it https://pressgazette.co.uk/...

Wired:

Russian journalists and dissidents are taking advantage of YouTube, the only major US platform available in Russia and a primary entertainment source for many— YouTube remains the only major US-based social media platform available in Russia. It's become “indispensable” to everyday people, making a ban tricky.

Discussion: