In an investor presentation, Newsmax discloses details of the $225M private placement and announces plans for an NYSE or a Nasdaq IPO later this year or in 2025 (Axios)

Mediagazer: In an investor presentation, Newsmax discloses details of the $225M private placement and announces plans for an NYSE or a Nasdaq IPO later this year or in 2025 (Axios)

Top News:

Semafor:

AI search engine Perplexity says it was working on revenue-sharing deals with publishers when Forbes criticized it for misusing content from Forbes and others— The Scoop — Perplexity, the AI search startup that recently came under fire from Forbes for allegedly misusing its content …
Discussion: @henryhycheung@threads.net, @carnage4life@threads.net, @campbell_brown, @ericnewcomer, John Paczkowski on LinkedIn, @ericnewcomer, @reedalbergotti, @semafor, @crumbler@threads.net, @johnpaczkowski, Aravind Srinivas on LinkedIn, @danielsgriffin, @reedalbergotti, @carnage4life@threads.net, @jason, @crumbler@threads.net, @mattswider, @johnpaczkowski, @carnage4life@mas.to, @mattswider, @campbell_brown, Talking Biz News and Forbes, more at Techmeme »

Discussion:

Henry Hong-Yiu Cheung /
@henryhycheung@threads.net: Would you say the same of OpenAI? re:NYTimes

Dare Obasanjo /
@carnage4life@threads.net: This article is also a great example of the genre of “press release masquerading as news article”

Campbell Brown /
@campbell_brown: @mattswider Fair point. I would just love to see the path forward be more than a one time payment and be potential source of revenue for ALL publishers. Check out https://tollbit.com/. I don't know if it's the answer, but one off deals aren't the longterm solution.

Eric Newcomer /
@ericnewcomer: @ReedAlbergotti @semafor it doesn't feel like this is about our role as journalists in the traditional sense since it is about their story. reporters would fight with other reporters on twitter if they didn't get proper credit and the perplexity situation seems far more egregious than most media

John Paczkowski /
John Paczkowski on LinkedIn: Perplexity's knock off of our reporting and competitive republishing of same in a variety of formats (including YouTube) feels like a real crystallization of the “Can journalism survive AI?” convo. …

Eric Newcomer /
@ericnewcomer: @semafor @ReedAlbergotti nihilism @ReedAlbergotti . media companies steal too much reporting so let's shrug our shoulders with AI. the information is sometimes successful when it scolds publications for not crediting it. what's different here? public shame is one of the few levers we have to get

Reed Albergotti /
@reedalbergotti: @EricNewcomer @semafor Also, how is “public shame” literally the very first step? Is our job as journalists just online mob justice now? What happened to nuance and intellectual curiosity? @semafor: 🟡 SCOOP: Perplexity, the AI search startup that recently came under fire from Forbes, was already planning revenue-sharing deals with publishers, @ReedAlbergotti reports. The deals would provide a framework to earn recurring income. https://www.semafor.com/...

Casey Newton /
@crumbler@threads.net: Who cares? ‘Working on deals’ doesn't give you a free pass to plagiarize other people's work. This company is ethically bankrupt

John Paczkowski /
@johnpaczkowski: Some head exploding irony here, given the Facebook armageddon for publishers

Aravind Srinivas /
Aravind Srinivas on LinkedIn: Worth a read for a balanced perspective by Reed Albergotti and Semafor on how AI-native search and journalism can flourish together: — https://lnkd.in/...

Daniel Griffin /
@danielsgriffin: @semafor @ReedAlbergotti Is *a Perplexity user* in “a Perplexity user created a page” the right framing? Compare the “Curated by” label on these two pages: (1) https://www.perplexity.ai/... (2) https://www.perplexity.ai/... [image]

Reed Albergotti /
@reedalbergotti: @EricNewcomer @semafor I said clearly that perplexity should have credited them higher up. I just don't think the Forbs people had to go for the jugular like that. I think twitter brings out the worst in people sometimes. A civil conversation would get more done.

Dare Obasanjo /
@carnage4life@threads.net: I have no idea what's up with AI companies speed running the news coverage from “scrappy underdog” to “evil big tech” before they even get that big. We were going to pay you isn't an excuse for plagiarizing content. What seemed like an honest mistake now looks more deliberate. @jason: @JohnPaczkowski They didn't ask for permission and took a substantial amount? Have you run more tests on this? You should publish dozens of examples like the NYTimes did

Casey Newton /
@crumbler@threads.net: i think OpenAI and every LLM maker has things to answer for. Perplexity has been egregious due to the way that it continues to rip off reporters' verbatim phrasing wholesale and resell it for $20 a month without compensating the journalists

Matt Swider /
@mattswider: @campbell_brown Thanks for actually responding & addressing, Campbell. I like this idea: “Spotify” for publishers (although we always hear artists get pittance), based on reads (like song plays). The best article I've read is by @Jason. Publishers fell for tech's promises once & got burned by

John Paczkowski /
@johnpaczkowski: 1. Lol. Nice story placement, Perplexity. 2. But it misses the point. Beyond attribution **The company took our paywalled work, without our permission, and competitively broadcast it across web, video, mobile — as though it were itself a media outlet.**

Dare Obasanjo /
@carnage4life@mas.to: This article is also a great example of the genre of “press release masquerading as news article” https://www.semafor.com/...

Matt Swider /
@mattswider: @campbell_brown What about small publishers? Are these deals only going to be for larger publishers (so far, that's been the case with ChatGPT)? Why has Perplexity stolen the content of Forbes and my site while charging $20/mo. Is it OK to have done so in the meantime? https://x.com/...

Campbell Brown /
@campbell_brown: This seems like the right take - aligned incentives and a real potential ally for publishers: “Perplexity planning revenue-sharing deals with publishers”. https://www.semafor.com/...

Randall Lane /
Forbes: Why Perplexity's Cynical Theft Represents Everything That Could Go Wrong With AI

New York Post:

CNN signs a deal to use AP stories on its website, the first time it has done so since cutting ties 14 years ago to focus more on original reporting— CNN staffers fear a new deal with the Associated Press may spell layoffs at the third-place cable news network.

Discussion:
Editor and Publisher and NewscastStudio

Discussion:

Michael P. Hill /
Editor and Publisher: CNN signs AP deal for first time in 14 years

Michael P. Hill /
NewscastStudio: CNN signs AP deal for first time in 14 years

Bloomberg:

The National Music Publishers' Association files an FTC complaint against Spotify, saying Spotify's decision to offer audiobooks reduced songwriters' royalties— Spotify's audiobook bundle has put it at war with music publishers … The audiobooks addition gave Spotify leeway to reclassify …

Discussion:
Digital Music News, Engadget, Rolling Stone, Billboard and Music Business Worldwide

Discussion:

Ashley King /
Digital Music News: Music Publishing Revenue Climbed 11% to $6.2 Billion in 2023, NMPA Reports

Ethan Millman /
Rolling Stone: Music Publishers File FTC Complaint Against Spotify For ‘Fraudulent Business Practices’

Kristin Robinson /
Billboard: U.S. Publishing Revenue Grew Nearly 11% to $6.2B in 2023, NMPA Reveals at Annual Meeting

Deadline:

Sony Pictures Entertainment buys Alamo Drafthouse Cinema; 35 cinemas will keep operating under the Alamo brand, and Alamo's Michael Kustermann will remain CEO— Sony Pictures Entertainment (SPE) has just bought Alamo Drafthouse Cinema. D eadline first told you the chain was up for sale and being shopped around to studios.

Discussion:
Engadget, Variety, IndieWire, The A.V. Club, Chris Drazba on LinkedIn, Gizmodo, CBS News, The Wrap, Associated Press, Sony Pictures Entertainment, SlashFilm, Rick Starr on LinkedIn, New York Times, CNN, Los Angeles Times, The Hollywood Reporter, New York Daily News, Consequence, Reuters, The Verge and Bloomberg

Discussion:

Anna Washenko /
Engadget: Alamo Drafthouse is being bought by Sony Pictures

Brent Lang /
Variety: Sony Pictures Buys Alamo Drafthouse

Matt Schimkowitz /
The A.V. Club: Paramount Decree found dead as Sony buys Alamo Drafthouse

Chris Drazba /
Chris Drazba on LinkedIn: Excited to share that Alamo Drafthouse Cinema has been acquired by Sony Pictures Entertainment. First and foremost, congratulations to Sony and their commitment to the cinematic experience! …

Oscar Gonzalez /
Gizmodo: Sony Pictures Buys Beloved Theater Chain Alamo Drafthouse

Khristopher J. Brooks /
CBS News: Sony Pictures buys dine-in movie theater chain Alamo Drafthouse

Jeremy Fuster /
The Wrap: Sony Pictures Acquires Alamo Drafthouse Cinema

Lindsey Bahr /
Associated Press: Sony Pictures acquires Alamo Drafthouse Cinema, the dine-in movie theater chain

Rick Starr /
Rick Starr on LinkedIn: ‘Fallout’ is spilling into the realm of cinema? It's no longer a video-game-fantasy, my friends, but a stark reality for struggling cinema owners. …

Ramishah Maruf /
CNN: Sony Pictures is buying Alamo Drafthouse The Hollywood Reporter: Sony Pictures Acquires Alamo Drafthouse Cinema in Landmark Deal That Puts Studios Back in Theater Game

David Matthews /
New York Daily News: Sony acquires movie theater chain Alamo Drafthouse

Jaspreet Singh /
Reuters: Sony Pictures Entertainment buys cinema chain Alamo Drafthouse Cinema

Jay Peters /
The Verge: Sony buys Alamo Drafthouse Cinema

Brandon Mioduszewski /
Bloomberg: Sony Pictures Buys Alamo Drafthouse Theater Chain

New York Times:

Sources: NBC Sports and TNT Sports are expected to join Fox in presenting Big East men's and women's basketball games in 2025-26; CBS is still holding talks— Editor's note: An earlier version of this article misstated the year NBC, TNT Sports could join Fox as broadcast partners for Big East basketball games.

Discussion:
The Streamable, Awful Announcing, Barrett Media, Sports Media Watch, Bloomberg and CNN

Discussion:

David Satin /
The Streamable: NBC, Warner Bros. Discovery Poised to Add Big East Men's and Women's Basketball Games Starting in 2024

Joe Lucia /
Awful Announcing: NBC Sports, TNT Sports reportedly adding Big East college basketball media rights Barrett Media: NBC, TNT Sports to Join FOX Sports as Big East Basketball Partners According to Report

Hannah Miller /
Bloomberg: TNT Snags US Rights to French Open Tennis Tournament From NBC

Jordan Valinsky /
CNN: TNT's NBA future is up in the air. But it now has tennis

New York Times:

Christophe Deloire, the secretary general of Reporters Without Borders, dies at 53 in Paris due to complications of brain cancer— As the leader and spokesman for Reporters Without Borders, he rescued some, sought refuge for others and lobbied for pluralism in the press.

Discussion:
Reporters Without Borders, National Press Club, Associated Press and

Discussion:
Reporters Without Borders: Christophe Deloire, director general of Reporters Without Borders, died on Saturday, 8 June at the age of 53

Axios:

In an investor presentation, Newsmax discloses details of the $225M private placement and announces plans for an NYSE or a Nasdaq IPO later this year or in 2025— - The company said it plans to go public later this year or in 2025 either on the NYSE or Nasdaq with an offering of up to $75 million.

Discussion:
Newsmax Inc., The Hollywood Reporter

Discussion:
Newsmax Inc.: $150,000,000 Total Offering — EXECUTIVE SUMMARY The securities offered hereunder are securities …

Newsmax Inc.:
Investor Presentation — Summary of Terms The Company is offering up to a maximum of $150,000,000 …

Newsmax Inc.:
Frequently Asked Questions About the Newsmax Series B Convertible 7% Preferred Stock Offering

The Guardian:

A look at crime-reporting social media accounts in Washington, DC, which seek accountability from leaders but often ignore context and veer into fearmongering— Critics say crime-reporting social media accounts in Washington DC promote accountability from leaders but ignore context and veer into fearmongering

Wired:

Q&A with Jingna Zhang, the founder of anti-AI social platform Cara, about its focus on artists, having nearly 900K users, generative AI vs. creativity, and more— Artists are fleeing Meta's platforms over fears their work will be used to train AI. Photographer Jingna Zhang's Cara …

Discussion:
@CStamp@mastodon.social, The Atlantic and Kate Knibbs on LinkedIn, more at Techmeme »

Discussion:

Carolyn /
@CStamp@mastodon.social: More on Cara, “the accidental startup.” https://www.wired.com/...

Brian Merchant /
The Atlantic: Excuse Me, Is There AI in That? — Businesses and creators see a new opportunity in the anti-AI movement.

Kate Knibbs /
Kate Knibbs on LinkedIn: Jingna Zhang is a renowned fashion photographer. But she's spending most of her time now at the forefront of the fight over copyright, art, and tech. …

Poynter:

Experts on journalism ethics and standards criticize Lauren Windsor's secret recordings of US Supreme Court judges and her failure to fully identify herself— Lauren Windsor calls herself a journalist. But she didn't act like one when she deceived Alito to get him to talk.

Discussion:
HuffPost, New York Post, Poynter Institute on LinkedIn, Semafor, Slate, New Republic, Fox News, CNN, @davidpwhelan@mastodon.world, NewsNation and Rolling Stone

Discussion:

Lydia O'Connor /
HuffPost: Alito Blasts Journalists' Investigation Of Supreme Court Ethics In New Audio Poynter Institute on LinkedIn: Earlier this month in Washington, D.C., Lauren Windsor attended a charity gala where Supreme Court justices were in attendance. …

Caroline Anders /
Semafor: Democrats push for stronger Supreme Court ethics code amid latest Alito controversy

Mark Joseph Stern /
Slate: Those Secret Recordings of Alito and Roberts Revealed the True Stakes of the 2024 Election

Matt Ford /
New Republic: The Real Lesson of the SCOTUS Tapes Fox News: Liberal filmmaker defends secretly recording Alito, Roberts, says her ‘lies’ elicited ‘truths’ from justices

Ellen Rittiner /
CNN: Filmmaker reveals why she secretly recorded Supreme Court Justice Alito and his wife

David Whelan /
@davidpwhelan@mastodon.world: I always love a good Poynter analysis. Was the recording of Justice Alito “journalism”? — But, in a journalistic environment overrun with analysts, pundits, and opinion writers who are platformed but not ethically proscribed by news publishers, is it really the readers' fault if they accept an “activist's” output as journalism? https://www.poynter.org/... #media #news #journalism

The Guardian:

Replacing Will Lewis at WaPo would be Jeff Bezos' cleanest, best move, but if he won't, he and Lewis should publicly commit to newsroom independence, and more— The paper's reinvention, with the appointment of Will Lewis as publisher, is a mess - but there's still time to turn things around

Discussion:

Mark Jacob /
@markjacob16: Another fine column from @Sulliview, who says Jeff Bezos needs to take control and clean up the Will Lewis scandal at the Washington Post.

Dan Kennedy /
@dankennedy_nu@journa.host: A sensible though surprisingly restrained column by Margaret Sullivan on how the @washingtonpost can recover from its self-inflicted wounds: Lewis promises to behave; Bezos makes clear he's still committed to the Post; and a public editor is hired. #journalism — https://www.theguardian.com/ ...

Margaret Sullivan /
@sulliview: The cleanest, best move: Replace Will Lewis as ⁦@washingtonpost⁩ CEO. But if Bezos won't (it seems unlikely unless another shoe drops), I have 3 recommendations. Among them: Bring back a public editor or ombudsman. My new ⁦@GuardianUS⁩ column https://www.theguardian.com/ ...

Mimi Montgomery /
Axios: Scoop: Post CEO Will Lewis buys $7 million Georgetown home

Jay Rosen /
@jayrosen_nyc@threads.net: “What's the point of owning the Washington Post if it's no longer the Washington Post?” @sulliview says Jeff Bezos has to get involved after the troubles that surrounded the new CEO, Will Lewis. https://www.theguardian.com/ ...

Erin Siegal McIntyre /
@esmcintyre: ⬇️⬇️💯

David Gura /
@davidgura@threads.net: “What's the point of owning the Washington Post if it's no longer the Washington Post?”

Dan Kennedy /
Media Nation: Margaret Sullivan's advice for The Washington Post

RELATED:

Axios:
Sources: WaPo CEO Will Lewis is floating Local+, a new offering for readers who want to pay extra for premium local content, including paid newsletters

Discussion:
@cuneytdil and @jayrosen_nyu

Discussion:
@cuneytdil: Scoop: New Brit regime atop Washington Post aims to boost local coverage. Will Lewis and new execs floating “Local+” concept, for readers who want to pay extra for premium local content. My column this week: https://www.axios.com/...

Jay Rosen /
@jayrosen_nyu: I am a subscriber and open to anything that might strengthen the Post (an important institution) but if you're calling scoop on a return to local coverage you have to include all the reasons this is going to be hard. Like it's labor intensive at a time when cutbacks are expected.

HuffPost:

Howard Fineman, who spent three decades at Newsweek and later became HuffPost's political editor and global editorial director, dies at 75 of pancreatic cancer— Fineman, who provided a critical look behind the curtain of Capitol Hill as a regular analyst on cable television, died of pancreatic cancer.

Discussion:

Emily Langer /
Washington Post: Howard Fineman, political correspondent with analytical eye, dies at 75

Sam Stein /
@samstein: Remembering my good friend and mentor, Howard Fineman, who passed away last night after a valiant fight with pancreatic cancer. He was a lovely man, a force of nature and a mensch, in the truest sense. https://www.huffpost.com/...

Jake Lahut /
@jakelahut: I met Howard at the last campaign event I covered before the pandemic. After I introduced myself, he chatted me up and I was so struck by how interested he was in my background and life story as just some random kid from a local paper. He gave great advice, too.

Tyler Kingkade /
@tylerkingkade: RIP to a legend. Howard was very kind and welcoming to me when I was a baby intern at HuffPost. He was already a veteran but made time to sit and listen to my ideas, and actually engaged with me on them rather than dismissing me as a novice.

Alexandra Steigrad /
New York Post: NBC News analyst Howard Fineman, 75, dies after brave cancer battle

Kimberly Atkins Stohr /
@kimberlyeatkins@threads.net: Oh, this is heartbreaking. Howard was not only a consummate journalist, he was also a gentleman who always showed me such genuine warmth and kindness. I'm just so, sad. But I'm deeply grateful to have known and worked with him. May his memory be a blessing to his family and all who loved him. https://www.huffpost.com/...

Greg Pinelo /
@gregpinelo: A hundred years ago, I went to watch the 4th of July fireworks with a friend who worked at Newsweek (great view from their offices in DC). My friend introduced me to Howard, and being very young and dumb, I said “Kurtz?” Howard smiled and said, “close enough.” RIP. @hollywoodpete69: @samstein @brianstelter Oh my god, I had no idea he was sick. He was such a good hearted person and incredible voice of reason, in addition to being a great journalist. I'm heartbroken, my thoughts go out to his family.

Michael Calderone /
@mlcalderone: A really nice remembrance of Howard, who I found to be generous with his time when I was starting out on the media beat — and a great colleague at HuffPost.

Joe Sonka /
@joesonkaky@threads.net: Longtime political journalist Howard Fineman has died. He got his start at the Louisville Courier Journal back in the 1970's, covering the environment, coal industry, state politics and then national politics, until he moved to Newsweek in 1980. @realgottalaff@threads.net: RIP Howard Fineman, a Newsweek political correspondent and television commentator for decades who brought behind-the-scenes insight to news cycles often dominated by horse-race campaign coverage, died June 11 at his home in Washington. He was 75...from pancreatic cancer... https://www.washingtonpost.com/ ...

Joseph Wilkinson /
New York Daily News: Howard Fineman, veteran political journalist and analyst, dies at 75

Michael P. Hill /
NewscastStudio: Veteran political journalist Howard Fineman dies at 75

New York Times:

How The New York Post, TMZ, and 100+ other sites around the world distorted a NYT story to claim that a remote Amazon tribe got addicted to porn due to Starlink— A Times story about the arrival of high-speed internet in a remote Amazon tribe spiraled into its own cautionary tale on the dark side of the web.

Discussion:
@jacknicas, @jones3d, @elonmusk, @seangraf and @oftenwrongsorry

Discussion:

Jack Nicas /
@jacknicas: No, a remote Amazon tribe did not get addicted to porn. Those headlines and memes you've seen over the past week are not true. If you've shared those, then please share this. https://www.nytimes.com/...

Elon Musk /
@elonmusk: It was disrespectful & unkind of The New York Times to say that about the tribe

Sean Graf /