The LAist Union says the nonprofit newsroom lost at least 21 staffers to layoffs and buyouts this week; LAist announced a voluntary buyout program in May (The Wrap)

Mediagazer: The LAist Union says the nonprofit newsroom lost at least 21 staffers to layoffs and buyouts this week; LAist announced a voluntary buyout program in May (The Wrap)

Top News:

Financial Times:

Sources: Axel Springer CEO Mathias Döpfner and KKR are in talks to break Axel Springer in two, separating media assets from its digital classifieds business— Deal would separate group's media assets from its digital classifieds operation — German billionaire Mathias Döpfner …
Discussion: Reuters, The Information, @semaforben and @froomkin

Discussion:

Jessica E. Lessin /
The Information: Why Women Are Disappearing From Tech

Ben Smith /
@semaforben: Wow — big @ArashMassoudi scoop on Axel Springer: The company would split, giving the media assets to CEO Matthias Dopfner, the real estate and job sites to KKR https://www.ft.com/...

Journal Sentinel:

Civic Media says its decision to make two pre-broadcast edits to a Biden interview on Earl Ingram's WAUK show fell short of “journalistic interview standards”— Jessie Opoien Molly BeckMilwaukee Journal Sentinel — MADISON — Civic Media, a Wisconsin-based progressive talk-radio network …

Discussion:
Civic Media, The Wrap, KNSD-TV, Breitbart, Mediaite, CNN, Fox News, New York Post, Deadline, @corbinbolies, @grynbaum, New York Times, The Daily Beast, @peterbakernyt and @toussaint@newsie.social

Discussion:

Sage Weil /
Civic Media: Civic Media — Statement regarding edits to the July 4th interview with President Biden

Jacob Bryant /
The Wrap: Biden Campaign Asked Wisconsin Radio Station for Edits to President's Interview

Zoë Richards /
KNSD-TV: Wisconsin radio network said it edited out portions of Biden interview at his campaign's request

Paul Bois /
Breitbart: Milwaukee Radio Station Says it Agreed to Edit Joe Biden Interview, Removed Embarrassing Statements

Alex Griffing /
Mediaite: Radio Station Admits Editing Biden Interview At Campaign's Request, Including Boast About ‘Blacks In My Administration’ Fox News: Wisconsin radio station admits it edited Biden interview before airing at campaign's request

Victor Nava /
New York Post: Milwaukee radio station admits it scrubbed multiple Biden remarks from interview — at campaign's request

Ted Johnson /
Deadline: Milwaukee Radio Station Says It Made Edits To Joe Biden Interview At Request Of Campaign

Corbin Bolies /
@corbinbolies: Biden campaign says: “Hosts have always been free to...air the segments they think will best inform their listeners.” Doesn't explain why they made the request. When I called host Earl Ingram to chat, he promised a call back...and then ignored follow-ups. https://www.thedailybeast.com/ ...

Michael M. Grynbaum /
@grynbaum: What a disaster Biden's two under-the-radar radio interviews last week turned out to be. His campaign was caught planting questions (which got one host fired) and asking one station to cut lines they felt were embarrassing. And Biden still had gaffes like “first Black woman.”

Ken Bensinger /
New York Times: Biden Campaign Has Long Fed Softball Questions to Friendly Interviewers

Corbin Bolies /
The Daily Beast: Radio Station ‘Sorry’ for Editing Biden Interview at Campaign's Request

Peter Baker /
@peterbakernyt: Biden has given fewer interviews than any president in modern times and not a single one to a major newspaper. Instead he prefers friendly interviewers — and it turns out that his campaign has long fed some of them softball questions to ask. @kenbensinger https://www.nytimes.com/... @toussaint@newsie.social: Biden's first interviews after the debate were with tiny radio stations to practice for the ABC interview. Biden got one lady fired for being given the questions by the campaign and not telling anyone until after the fact. The other was carefully edited to take out a phrase black PEOPLE hate to hear; ‘the blacks’ or ‘more blacks’. …

What I'm Reading:

CNN says it has integrated its Race and Equality team of reporters in other areas across its platforms, instead of the team existing in an “organizational silo”— The news comes as CNN leader Mark Thompson announced that the cable news channel will lay off 100 employees as it restructures its newsgathering operations.

Discussion:
CNN, @tasullivan, @tiergawd, @tap3000, @traprecruiter, @ladidaix, @cjgproduxions, @historianspeaks, @phil_lewis_, @hithisistess and Axios

Discussion:

Oliver Darcy /
CNN: CNN chief Mark Thompson announces sweeping overhaul of news network, cuts 100 jobs

Terrance A. Sullivan /
@tasullivan: @Phil_Lewis_ Me..here..shocked So frustrating all the fake commitments made in 2020

Duke Of Pan-Africanism /
@tiergawd: @Phil_Lewis_ CNN has lost their credibility quite some time now @tap3000: @Phil_Lewis_ First of all CNN got rid of the one journalist who covered Being Black in America and some of the other Black journalists who were panelists for various elections. @traprecruiter: For all intents and purposes, the team is not a team anymore... “They're assigned to different areas so that [their] perspective and work is brought into all of our types of programming...but [Race and Equality] is very much still their focus.” Is DEI ☠️? https://www.whatimreading.net/ ...

Dr. Stephen G. Hall /
@historianspeaks: @Phil_Lewis_ Talking about doublespeak. Shameful noncommittal posture. They were never truly interested in the issue from the outset.

Philip Lewis /
@phil_lewis_: CNN has disbanded its Race and Equality team that was formed during the summer of 2020, I'm told A spokesperson says that while the team no longer exists, “the investment is still 100% there” https://www.whatimreading.net/ ...

Tess Garcia /
@hithisistess: CNN just cut its Race and Equality team, created in 2020 as a “significant, sustained commitment to ensure race coverage is a permanent part of our journalism” https://www.whatimreading.net/ ...

Sara Fischer /
Axios: CNN boss lays out plans for digital future, layoffs to come

Wall Street Journal:

Sources: comedian Dax Shepard signs an $80M podcasting deal with Amazon, shifting his Armchair Expert show to Amazon's Wondery service from Spotify— New deal includes video episodes, gives Amazon's Wondery exclusive distribution and ad-sales rights — Comedian Dax Shepard has signed …

Discussion:
The Hollywood Reporter, The Wrap, Variety, Deadline, @kerrymflynn, Chris Peterson on LinkedIn and RAIN News

Discussion:

Alex Weprin /
The Hollywood Reporter: Dax Shepard's ‘Armchair Expert’ Podcast Jumps to Amazon's Wondery In $80M Deal

Raquel ‘Rocky’ Harris /
The Wrap: Dax Shepard's ‘Armchair Expert’ Podcast Inks $80 Million Deal With Amazon's Wondery, Leaving Spotify

Todd Spangler /
Variety: Dax Shepard Inks $80 Million Exclusive Podcast Pact With Amazon's Wondery, Which Encompasses New Shows, Merchandise and More

Jill Goldsmith /
Deadline: ‘Armchair Expert’ Podcast Host Dax Shepard Signs Big Distribution, First-Look Deal With Amazon's Wondery

Kerry Flynn /
@kerrymflynn: 👀 “Amazon plans to launch video episodes — a new feature for ‘Armchair Expert’ — and create translated versions of the podcast to distribute globally. ... Amazon also plans to exclusively create and sell all merchandise related to the show.” https://www.wsj.com/...

Chris Peterson /
Chris Peterson on LinkedIn: Another big licensing deal in podcasting! In addition to selling the audio podcast inventory, Amazon will distribute video episodes and translate them for global distribution. …

The Verge:

YouTube announces new Shorts features, including TikTok-like text-to-speech video narration, in-app auto-generated captions, and a set of Minecraft effects— YouTube has announced a set of new features for YouTube Shorts, some of which are available now, like a new text-to-speech video narration …

Discussion:
@edwardchampion@mastodon …, TechCrunch, @sarahpereztc and Engadget, more at Techmeme »

Discussion:

Edward Champion /
@edwardchampion@mastodon.social: @Mediagazer “like indoor plants jockeying for the same sunbeam” You don't often encounter a Chandleresque simile in a tech article! @sarahpereztc: YouTube tempts creators with a half dozen new features for Shorts https://techcrunch.com/...

Sarah Fielding /
Engadget: YouTube Shorts gets Instagram's ‘Add yours’ prompt stickers

Lowpass:

Court hearing: Redbox parent CSSE failed to pay payroll taxes for 9 months and didn't pay employees' health insurance for 2.5 months, leaving them uninsured— A jaw-dropping end to a bonkers story — In partnership with … “We had entered into an unbelievable forest fire.”

Discussion:
Variety, New York Daily News, Comic Book, Wall Street Journal and The Hollywood Reporter, more at Techmeme »

Discussion:

Todd Spangler /
Variety: RIP Redbox: DVD Kiosk-Rental Business Is Shutting Down With Parent's Bankruptcy Liquidation

Karu F. Daniels /
New York Daily News: Redbox shutting down after parent company Chicken Soup for the Soul files for bankruptcy

Russ Burlingame /
Comic Book: Redbox Closing Amid Chicken Soup for the Soul Bankruptcy

Winston Cho /
The Hollywood Reporter: As Redbox Collapses, 1,000 Employees Haven't Been Paid, Judge Says

RELATED:

Lowpass:
A US court grants Redbox owner Chicken Soup for the Soul Entertainment Chapter 7 bankruptcy, paving the way for shutting down Redbox and liquidating its assets

Discussion:

Jonathan Randles /
Bloomberg: Redbox Owner to Be Liquidated Following Alleged Mismanagement

Dade Hayes /
Deadline: Redbox Owner Chicken Soup For The Soul To Liquidate In Chapter 7 Bankruptcy Shift; Workforce Of 1,000 To Be Let Go And 24,000 Kiosks Shut Down, Lawyer Says

Jay Peters /
The Verge: Redbox's disc rentals are over

Scharon Harding /
Ars Technica: DVDs are dying right as streaming has made them appealing again

Mariella Moon /
Engadget: Say goodbye to Redbox — Its parent company is shutting down its disc rental kiosks in bankruptcy liquidation.

Chris Morris /
Fast Company: Redbox is dead. Here's what that means for employees, customers, and kiosks

Andrew A. Rosen /
@aagave: Sad. I spoke to management two years ago and the strategy didn't add up to me. It's not only notable that they couldn't course correct, but that no buyer came in to course correct for them.

Luke Bouma /
Cord Cutters News: Redbox Will Shutdown DVD Rentals & Its Streaming Service As Will Crackle

William Hughes /
The A.V. Club: Chicken Soup is going in the toilet, and taking Redbox with it

Ximena Suarez /
Ximena Suarez on LinkedIn: Today marks a heart-wrenching moment for all of us who were part of the Redbox family. I spent 16 years with this team, and it's heartbreaking to see this chapter come to an end. …

Janko Roettgers /
@jank0@sfba.social: @kajord Yeah I know, interesting timing. But apparently he was brought in to help with the transition, and then realized that it was way more of a mess than he had anticipated.

New York Times:

The Hallmark Channel says it will launch streaming service Hallmark+ for $8/month in September, with on-demand access to old content and memberships perks— Hallmark+, which arrives in September, will include free greeting cards and a “Hallmark Hunk” competition show.

Discussion:
Variety, Entertainment Weekly, Deadline, TVLine, The Wrap, The Hollywood Reporter, The Streamable, Adweek, Alyssa Zeisler on LinkedIn, BGR, The Desk and Next TV

Discussion:

Emily Longeretta /
Variety: Hallmark+ Streaming Service to Launch in Fall, Will Include First Holiday Limited Series, Original Movies and More

Kristen Baldwin /
Entertainment Weekly: Hallmark's Finding Mr. Christmas reality show seeks holiday movie hunk

Lynette Rice /
Deadline: Hallmark Launching New Streaming Service in September

Nick Caruso /
TVLine: Hallmark Streaming Service Gets New Name, Price Hike

Loree Seitz /
The Wrap: Hallmark to Rebrand Streaming Service to Hallmark+ With Movies, Limited and Unscripted Series

Matt Tamanini /
The Streamable: Hallmark Movies Now to Become Hallmark+ This Fall; Price Hike, Original Content, Unique Benefits Coming

Bill Bradley /
Adweek: What to Know About Hallmark's New Streaming Service

Alyssa Zeisler /
Alyssa Zeisler on LinkedIn: Excited to share some of the amazing initiatives happening at Hallmark — we're relaunching our streaming service and enhancing our retail connections …

Matthew Keys /
The Desk: Hallmark to launch premium streaming video service

R. Thomas Umstead /
Next TV: Hallmark Media To Launch New Streaming Service in September

The Verge:

Q&A with Nick Thompson, CEO of The Atlantic and former EIC of Wired, on the magazine's two-year OpenAI deal, AI lawsuits, the future of search, and more— CEO Nicholas Thompson discusses the deal: 'AI is coming. It is coming quickly. We want to be part of whatever transition happens.'

Next TV:

Ad measurement company VideoAmp says it will integrate Snap's first-party data, video, and AR ad inventory into VideoAmp's campaign planning system— Collaboration will enable advertisers to reach audiences across linear, streaming and digital platforms — VideoAmp said it made a deal enabling …

Discussion:
StreamTV Insider, Snapchat Advertising, Advanced Television, Rachel Blank on LinkedIn, Ad Age and Beet.TV

Discussion:

Adrian Pennington /
StreamTV Insider: VideoAmp extends video ad planning capabilities to AR with Snap

Rachel Blank /
Rachel Blank on LinkedIn: My sister-in-law just told me a story about her little sister; she's at a sleep-away camp, but she refuses to lose her Snap streaks with her friends and family. …

Robert Williams /
Beet.TV: Augmented Reality Helps to Differentiate Retail Media: Snap's Kevin Longo

The Wrap:

The LAist Union says the nonprofit newsroom lost at least 21 staffers to layoffs and buyouts this week; LAist announced a voluntary buyout program in May— The nonprofit newsroom announced its intended buyouts in May, citing mounting expenses and declining revenue

Discussion:
@hexpositive, @caitlinherdez, @rainey_l, @mybackyardpara1, @hearinladotcom, @busblog and @laistunion

Discussion:

Suzy Exposito /
@hexpositive: Layoffs at CNN, Entertainment Tonight and now LAist... In the past 24 hours alone! Do I need to host another media layoff survival workshop???

Caitlin Hernández /
@caitlinherdez: As a steward at LAist, I'm incredibly disappointed to share that we're losing valuable colleagues today.

Libby Rainey /
@rainey_l: I'm a union steward at @LAist. We went through layoffs last year too. We all deserve better. @mybackyardpara1: @hearinladotcom ... Don't rage at LAist. What's happening there is not mismanagement. It's happening everywhere at every news outlet. And don't think that Twitter is so goddamn important. It's not. @hearinladotcom: For those of you too young to remember, @LAist rose to the top via courage, sass, edge and having its finger on the pulse of younger Angelenos. At the same time @KPCC established themselves as being the radio station your smart, older Obama-voting friends listened to. When [image]

@hearinladotcom:
If @LAistUnion went on strike and listed why and added all the fucked up reasons and struggles the once-beloved station and blog has been going through, it would make national news and save jobs. It would finally echo the spirit of its namesake LAist. Or the union could do [image]

Tony Pierce /
@busblog: There's nothing I love more than ppl who have never met me telling me - not to rage - especially over the painfully slow demise of the best thing I was ever involved with: The Meteoric Rise of LAist. That's like telling a victim of abuse, “just take it. Stop resisting.”

Music Business Worldwide:

Ticketmaster and Shazam announce a partnership letting artists link their live events in Shazam, adding to Ticketmaster's integration with Snap and TikTok— After integrating its ticket sales platform with Snap and TikTok, ticketing giant Ticketmaster is taking another step towards sales …

Discussion:
Billboard, Music Ally, Ally Norton on LinkedIn, CMU and Digital Music News

Discussion:

Chris Eggertsen /
Billboard: The Deals: Ticketmaster Integrates With Shazam, Beatport Gets Fraud Detection Partner

Stuart Dredge /
Music Ally: Ticketmaster reveals its latest app integration: Shazam

Ally Norton /
Ally Norton on LinkedIn: Step 1: Shazam the track. 🎵 Step 2: Get the tickets! 🎟 — Ticketmaster makes it easier than ever to find tickets … CMU: 🤝 One Liners: Deals including Ticketmaster x Shazam, RA x Soundcloud, Beatport x Beatdapp + more

CNN:

A US jury finds Archegos Capital Management's Bill Hwang guilty of fraud for artificially inflating stocks of companies including ViacomCBS and Discovery— Bill Hwang, founder of Archegos Capital Management, was found guilty of fraud Wednesday by a Manhattan federal court after the 2021 collapse …

Discussion:
Deadline, Variety, Financial Times, The Hollywood Reporter, Associated Press, New York Times and Bloomberg

Discussion:

Bruce Haring /
Deadline: Bill Hwang, Wall St. Investor In Major Media Stocks, Guilty Of Fraud And Market Manipulation

William Earl /
Variety: Archegos Founder Bill Hwang Found Guilty in Fraud and Racketeering Case Involving ViacomCBS Stock

Winston Cho /
The Hollywood Reporter: Archegos Founder, Charged With Manipulating ViacomCBS Stock, Found Guilty of Fraud Associated Press: Founder of collapsed hedge fund Archegos Capital is convicted in securities fraud scheme

Matthew Goldstein /
New York Times: Jury Finds Archegos Founder Bill Hwang Guilty of Fraud and Racketeering

Ava Benny-Morrison /
Bloomberg: Bill Hwang's Fate Is Now in Jury's Hands After Archegos Trial

Variety:

Brian Lowry, the veteran Hollywood reporter, critic, and a contributor to CNN's Reliable Sources newsletter, is set to leave in the new round of CNN job cuts— The news outlet is cutting approximately 100 jobs as it works to boost its digital business.

Discussion:
Cord Cutters News, @tvmojoe, @blowryontv, The Wrap, Talking Biz News and The Media Mix

Discussion:
@tvmojoe: This is such a dumb move ahead of a subscription product launch. Stuff like Reliable Sources and insight from Lowry and others on the showbiz team is what will get me/others to pay extra for CNN.

Brian Lowry /
@blowryontv: First time for everything. To quote the late great Norman Lear's memoir title, “Even This I Get to Experience.”

Sharon Knolle /
The Wrap: Veteran Media Critic Brian Lowry Among CNN's 100 Layoffs

Chris Roush /
Talking Biz News: CNN entertainment writer Lowry is departing

Claire Atkinson /
The Media Mix: Sources: CNN lays off the team producing its Opinion section, with an end date of August 9; a source says Senior Editor Sheena McKenzie is among those leaving

RELATED:

Wall Street Journal:
Memo: Mark Thompson says CNN is cutting about 100 jobs, plans to launch its first CNN.com subscription product later in 2024, but offers few details, and more

Discussion:
Nieman Lab, Media Nation, @farhip, Broadband TV News, Adweek, @simondowens@threads.net, @heysamantha, Associated Press, @mattdpearce, @kevincollier, @sfiegerman, @iyengarish, The Verge, Media Voices, Deadline, Variety, Breitbart, @rasmus_kleis, @pressgazette, @alexweprin, @bristei, @brianstelter, @bristei, The Wrap, The Media Mix, Talking Biz News, Brian Steinberg on LinkedIn, Mediaite, MediaPost, Jeremy Moore on LinkedIn, Hartford Courant, New York Times, The Hollywood Reporter, The Media Leader, The Information, New York Post, Reuters and Cord Cutters News

Discussion:

Joshua Benton /
Nieman Lab: Are you willing to pay for CNN.com? Prepare to be asked before year's end

Dan Kennedy /
Media Nation: CNN's dicey reinvention plans: Layoffs, AI and another attempt at paid digital

Paul Farhi /
@farhip: Numerical context: CNN's overall viewership rose just 2 percent in the April-June quarter vs same period a year ago, and fell 10 percent among people aged 25-54. Election years (and presidential debates) usually bring big increases.

Simon Owens /
@simondowens@threads.net: Given CNN's new focus on digital subscriptions, it makes sense that it's cutting its budget for opinion columns given that the political opinion niche is incredibly saturated and unlikely to drive paid conversions. https://www.themediamix.co/...

Samantha Murphy Kelly /
@heysamantha: I was among the CNN reporters laid off today as part of the company's restructuring. I loved CNN and I'm so proud of the work we did. If you're looking for a tech reporter to cover AI, social media, trends, Big Tech, gadgets, tech anything, please send a message! I'd love to chat

Kevin Collier /
@kevincollier: This damn industry [image]

Seth Fiegerman /
@sfiegerman: Breaking my year-plus streak of not tweeting to say Sam is absolutely incredible and any newsroom would be lucky to have her. Trust me: I've worked with her longer than anyone.

Rishi Iyengar /
@iyengarish: Adding my voice to the literal dozens of people who have already said what a brilliant journalist, colleague, friend, and human being Sam is. Any publication would be lucky to have her.

Andrew Liszewski /
The Verge: CNN announces more layoffs as it preps for a future beyond cable TV

Ted Johnson /
Deadline: CNN To Reduce Staff By About 100 As CEO Unveils New Details Of “One Newsroom” Strategy; Layoffs Include Media Critic Brian Lowry — Update

Brian Steinberg /
Variety: CNN Plans Launch of Digital Subscription Product by End of 2024 Amid Newsroom Layoffs

Rasmus Kleis Nielsen /
@rasmus_kleis: CNN is “nowhere near ready for the future” CEO Mark Thompson told colleagues. Dose of cold realism in an industry that often manages to continue business-as-usual serving aging, shrinking audiences and dwindling number of advertisers while rhetorically insisting they are digital @pressgazette: CNN chief executive Mark Thompson has told staff that the organisation is cutting around 100 jobs, equivalent to approximately 3% of its total workforce https://pressgazette.co.uk/...

Alex Weprin /
@alexweprin: Major changes coming to CNN. A subscription product launching this year, with others to follow. A total reorg of its newsrooms. “strategic” push into AI. And layoffs, with about 100 staff to be cut today. https://www.hollywoodreporter.com/ ...

Brian Steinberg /
@bristei: CNN will cut 100 jobs as it seeks to move more readily into digital, and will launch a subscription product via its website by the end of the year https://variety.com/...

Brian Stelter /
@brianstelter: “CNN said it is cutting about 100 jobs and will launch its first CNN·com subscription product later this year as it looks to lessen its dependence on its cable-TV channel.” https://www.wsj.com/...

Brian Steinberg /
@bristei: This story about CNN has it all: *100 job cuts? ✅ *New digital ideas? ✅ *Pages of prose from CEO? ✅ ^A vague sense primetime needs help? ✅ https://variety.com/...

Sharon Knolle /
The Wrap: Veteran Media Critic Brian Lowry Among CNN's 100 Layoffs

Claire Atkinson /
The Media Mix: CNN Memo outlines new strategy and 100 job losses.

Chris Roush /
Talking Biz News: CNN senior tech writer Kelly among the layoffs

Brian Steinberg /
Brian Steinberg on LinkedIn: This story about CNN has it all: — *100 job cuts? ✅ — *New digital ideas? ✅ — *Pages of prose from CEO? ✅ …

Diana Falzone /
Mediaite: CNN Staff in a State of ‘Resignation’ as CEO Announces Revamp of Network, Job Cuts

Ray Schultz /
MediaPost: CNN Will Debut Subscription Products This Year: Report

Jeremy Moore /
Jeremy Moore on LinkedIn: This doesn't seem to be a recipe for success. Beyond the damage to the professionals who will be laid off, the overarching narrative seems …

John Koblin /
New York Times: CNN Cuts 100 Jobs, and Announces Plan for Digital Subscription Product

Alex Weprin /
The Hollywood Reporter: CNN to Lay Off 100 Staffers as It Preps Major Revamp of Digital Efforts

Sabrina Quagliozzi /
The Media Leader: CNN to cut 100 jobs and launch digital subscription product

Taylor Herzlich /