Sources: AMC Entertainment reached an agreement with creditors that includes restructuring its debt and moving US theaters into a different unit of the company (Bloomberg)

Mediagazer: Sources: AMC Entertainment reached an agreement with creditors that includes restructuring its debt and moving US theaters into a different unit of the company (Bloomberg)

Top News:

Bloomberg:

Sources: Apple's Eddy Cue has pushed TV+ studio chiefs to exert more control over budgets, hoping to change Apple's reputation as the biggest spender in town— The iPhone maker is starting to exert more control over its production partners — Netflix extended its lead over fellow streaming services …
Discussion: SlashFilm, Business Insider, The Verge, The Streamable, @pkafka, AV Club, @lucas_shaw, @carnage4life, @lucas_shaw, BGR and 9to5Mac, more at Techmeme »

Discussion:

Peter Kafka /
Business Insider: Apple quietly admits it's paying too much to run its streaming service

Jess Weatherbed /
The Verge: Apple's original content spending spree might finally be over

Matt Tamanini /
The Streamable: Apple TV+ Pulling Back Spending Despite Emmy Nomination Success; What Can It Learn From Netflix?

Peter Kafka /
@pkafka: Apple TV+ is 5 years old. It has had one genuine hit, and other shows critics like. But viewer and subscriber numbers are small, and budgets are so big even Apple thinks they need to shrink a bit. So, again: Why does Apple TV + exist? [image]

Mary Kate Carr /
AV Club: Apple is going to stop spending all that money on shows you don't watch, obviously

Lucas Shaw /
@lucas_shaw: Apple is paying both Reese Witherspoon & Jennifer Aniston more than $2 million/episode for the upcoming season of Morning Show. It spent more than $20M/episode on the new season of Severance. It spent more than $250 million on Masters of the Air. https://www.bloomberg.com/...

Lucas Shaw /
@lucas_shaw: A number of people refer to Apple as the ‘new HBO.’ While one could make this case creatively — not my area of expertise — this overlooks that HBO has produced many massive hits. Apple has not. Caveat: It's early. HBO didn't even fund big scripted programs until 20 years in.

Dare Obasanjo /
@carnage4life: The final nail in the coffin for the streaming wars. After spending $20B on shows and movies since the launch of Apple TV+ to generate less views in a month than Netflix does in a day, Apple plans to cut back on TV spending. It was fun while it lasted. https://www.bloomberg.com/...

Lucas Shaw /
@lucas_shaw: Over the last several years, Apple has spent more than $20B on programs with lots of critical raves but few hits. The company is starting to closely examine its spending, hoping to push back on its reputation in Hollywood. This week's newsletter: https://www.bloomberg.com/...

José Adorno /
BGR: Apple TV+ reportedly has less viewers in a month than Netflix does in a single day

Benjamin Mayo /
9to5Mac: Apple TV+ attempts to rein in budgets on new projects, as The Morning Show season four spends $50 million on cast alone

Bloomberg:

Sources: AMC Entertainment reached an agreement with creditors that includes restructuring its debt and moving US theaters into a different unit of the company— The asset shift would move the theaters' value out of the reach of some creditors and allow the company to exchange existing debt …

Discussion:
Deadline and @lucas_shaw

Discussion:

Jill Goldsmith /
Deadline: AMC Entertainment Inks Key Refinancing Deal With Lenders, A Relief For Chain And Its Shareholders

Sky News:

Source: former UK Chancellor Nadhim Zahawi approached billionaire backers like the Reuben family to prepare a £600M bid for The Daily Telegraph and Spectator— Nadhim Zahawi, who stepped down as an MP at the recent general election, has approached prospective billionaire backers including …

Discussion:
@paulanthonytho6, The Independent, @evandxle, @markkleinmansky, The Guardian and Reuters

Discussion:

Paul Anthony Thorpe /
@paulanthonytho6: Zahawi is going into journalism now, it seems. Telegraph group, which includes the Sunday Telegraph and Spectator. After his attempted tax swindle, he shouldn't be allowed anywhere near a media platform. Not a fit person. A typical Tory charlatan.

Athena Stavrou /
The Independent: Former Tory chancellor Nadhim Zahawi planning ‘£600m Telegraph takeover bid’

Evan Dale /
@evandxle: Nadhim Zahawi, plots £600m Telegraph bid, Sky News can reveal He stepped down as an MP at the recent general election, and has approached prospective billionaire backers about an offer for the Telegraph and Spectator titles. cc: @MarkKleinmanSky https://news.sky.com/...

Mark Kleinman /
@markkleinmansky: EXCLUSIVE: Nadhim Zahawi, the former Tory chancellor, is sounding out billionaire investors about backing a bid for The Daily Telegraph and The Spectator magazine in a move which could up-end the auction of some of Britain's most influential media assets. https://news.sky.com/...

Mark Sweney /
The Guardian: Former Tory chancellor Nadhim Zahawi ‘seeks backers for £600m Telegraph bid’

The Information:

Condé Nast sends a cease-and-desist letter to Perplexity, accusing it of plagiarizing its content, a month after Forbes sent a similar letter to the AI company— Magazine giant Condé Nast has sent a cease-and-desist letter to artificial intelligence search engine Perplexity …

Discussion:
@steph_palazzolo

Discussion:

Stephanie Palazzolo /
@steph_palazzolo: Scoop w/ @sizpatel: Conde Nast is the latest publisher to send a cease-and-desist letter to AI search engine Perplexity. It highlights the legal dangers that await AI startups, even those that don't develop their own LLMs. More here: https://www.theinformation.com/ ...

The Bookseller:

Academics say publisher Taylor & Francis hadn't told them about selling access to authors' research as part of a $10M+ Microsoft AI deal, nor let them opt out— Authors have expressed their shock after the news that academic publisher Taylor & Francis, which owns Routledge …

Discussion:
Christopher Steven Marcum on LinkedIn, Gerard Shields on LinkedIn, @leaton01@scholar.social, @nosword@localization.cafe, Music Ally, Lydia Khalil on LinkedIn, Ariel Guersenzvaig on LinkedIn, Rebecca Clements on LinkedIn, Vicky Nagy on LinkedIn, @koutropoulos@social.ds106.us, @JorisMeys@mstdn.social, @BenPatrickWill@mastodon …, @Zeb_Larson@zirk.us, @Samuelmoore@hcommons.social, @rwg@aoir.social, Pivot to AI and Flaming Well

Discussion:

Christopher Steven Marcum /
Christopher Steven Marcum on LinkedIn: Y'all shouldn't be shocked. Y'all freely give away your rights to for-profit publishers and now they control the copyright and the licensing to your intellectual property.

Gerard Shields /
Gerard Shields on LinkedIn: I know most of my network won't follow news from the Publishing world that closely, but this article from The Bookseller warrants close attention. …

Lance Eaton /
@leaton01@scholar.social: Academic publisher sells their library access to AI....expect more of it in the future; most of the contracts that authors sign are giving over the rights and often clauses about future and unidentified uses. — The big publishers continue to rent-seek & exploit scholars...expect all the other major academic publishers. …

Matt T. /
@nosword@localization.cafe: I think what I find most aggravating about this story is how cheaply Taylor & Francis sold out. Surely this, etc. — https://www.thebookseller.com/ ...

Stuart Dredge /
Music Ally: Authors protest after Taylor & Francis signs Microsoft AI deal

Lydia Khalil /
Lydia Khalil on LinkedIn: This is pretty outrageous though not surprising. Academic publishing has always been a total scam. …

Ariel Guersenzvaig /
Ariel Guersenzvaig on LinkedIn: Academic publishers were already ripping us off. I have a chapter in an edited book published by T&F, and I didn't even receive a hard copy when the book was released. …

Rebecca Clements /
Rebecca Clements on LinkedIn: This is so egregious & unethical. Academic publishing is already broken but even that doesn't make selling the work of authors to AI training models without …

Vicky Nagy /
Vicky Nagy on LinkedIn: “Shocked” is a mild response. Outraged is better. — The treatment of academics by successive governments around the world …

Apostolos K. /
@koutropoulos@social.ds106.us: I am shocked! Shocked I tell you! (NOT!) Academic authors ‘shocked’ after Taylor & Francis sells access to their research to Microsoft AI https://www.thebookseller.com/ ...

Joris Meys /
@JorisMeys@mstdn.social: So one of the big scientific vampir... publishers sold their portfolio to train AI. No author had any say in that, or was paid for it. — https://www.thebookseller.com/ ...

Ben Williamson /
@BenPatrickWill@mastodon.social: As an editor of a journal publishing critical work on tech, and an editor of a Routledge collection on AI in education, I'll be writing to our publisher on Monday about its $10m deal with Microsoft for AI training data https://www.thebookseller.com/ ...

Zeb Larson /
@Zeb_Larson@zirk.us: Predictable grotesque behavior by Taylor and Francis. Academic authors get robbed left and right, but this is a new low: it's selling off allegedly valuable knowledge for what feels like two pieces of stale bread. https://www.thebookseller.com/ ...

Samuel Moore /
@Samuelmoore@hcommons.social: Lots of academics wondering what they should do about this and the answer is as simple as not publishing your monograph with Taylor & Francis or any of their imprints. There are so many other publishers who will do a better job and won't sell your data to Microsoft. — https://www.thebookseller.com/ ...

Robert W. Gehl /
@rwg@aoir.social: After 15+ years of hustling to publish #academic journal articles and books, a significant proportion of my work is now being sold off to #Microsoft to train #LLMs. I never consented to this, and of course when I started my career, I never predicted this. — https://www.thebookseller.com/ ... …

Press Gazette:

Free London paper City AM says Christian May will return as EIC after four years away, and signs a deal to provide business and financial news to Reach titles— City AM will provide business and financial news for many of Reach's biggest newspaper titles including the Daily Express.

Discussion:

Charlotte Tobitt /
Charlotte Tobitt on LinkedIn: Double bubble big news from City AM this morning as Christian May returns as editor and it signs a major content sharing deal with David Higgerson and co at Reach plc. …

Christian May /
Christian May on LinkedIn: I'm absolutely thrilled to be returning as City A.M.'s Editor at such an exciting time. — https://lnkd.in/...

New York Times:

A Florida judge refuses to dismiss Donald Trump's libel lawsuit against the Pulitzer Board over its 2022 statement reaffirming awards for Russiagate coverage— Donald Trump sued the Pulitzer Prize Board over its 2022 statement reaffirming its decision to award a prize for coverage of the 2016 Trump campaign's ties to Russia.

Discussion:
@jeffjarvis and Politico

Washington Post:

A profile of John Paul Vranesevich, the owner and only full-time reporter for the Beaver Countian who beat the national media on a Donald Trump shooting scoop— The owner of the Beaver Countian is the western Pennsylvania news site's only full-time reporter.

Discussion:
@seungminkim, @weldpond, @cdarwin@c.im, @jackiegardina … and TVNewsCheck

Discussion:

Seung Min Kim /
@seungminkim: Why local news matters: “What they know about me is I was here before the big story happened, and I'll be here after the big story happened.” https://www.washingtonpost.com/ ... @weldpond: I'm sure some of remember John Vraneshevich from AntiOnline, one of the first hacker news sites. How a one-man news site beat the national media on a Trump shooting scoop https://www.washingtonpost.com/ ...

Chuck Darwin /
@cdarwin@c.im: How a one-man news site beat the national media on a Trump shooting scoop — The owner of the Beaver Countian is the western Pennsylvania news site's only full-time reporter. — He says there are reasons why his sources wanted to share certain details with a local journalist. …

Jackie Gardina /
@jackiegardina@awscommunity.social: This is (another reason) why local newspaper and journalist are so important. We have lost so much with the consolidation and corporatization of media. — #media #journalism #democracy — https://www.washingtonpost.com/ ... [image]

Financial Times:

WPP-owned ad agency Ogilvy unveils Influence Shield, a new service that aims to help clients deal with reputational issues arising from social media influencers— WPP-owned advertising agency claims new product will prevent reputational damage — Ogilvy, the WPP-owned advertising agency …

Discussion:
El País

Discussion:

Australian Financial Review:

Google has quietly renewed deals with Australian outlets, sources say as year-long deals, worth tens of millions of dollars under the News Media Bargaining Code— Google has been quietly renewing deals worth tens of millions of dollars with Australian publishers under the News Media Bargaining Code …

Discussion:
Mumbrella

Discussion:

Nathan Jolly /
Mumbrella: Google agrees to renew news media deals... for now

International Journalists' Network:

A look at China Fact Check, an independent group of volunteer fact checkers of international news reports for Chinese audiences operating exclusively via WeChat— False information is especially widespread in China due to government censorship, the country's pervasive Great Firewall …

The Information:

Reddit COO Jen Wong says the company has revenue sharing deals with the NFL, NBA, MLB, and others to get video and other content, hoping to draw advertisers— Reddit, known for its chat forums on everything from Proust to Wall Street stocks, is going big on sports.

Discussion:
The Verge, Bloomberg, Reuters, Quartz, @amir and Cord Cutters News, more at Techmeme »

Discussion:

Aisha Counts /
Bloomberg: Reddit Lands Content Partnerships With NFL, NBA, MLB

Zaheer Kachwala /
Reuters: Reddit partners with NFL, NBA to boost revenue

Laura Bratton /
Quartz: Reddit's big sports move is boosting the stock

Amir Efrati /
@amir: Reddit shares up 5% on sports league content deals reported by @sizpatel https://www.theinformation.com/ ... $rddt [image]

Raymond McCain /
Cord Cutters News: Reddit Partners With NFL, NBA, MLB & More to Offer Highlight Videos on Reddit

Columbia Journalism Review:

Selina Cheng says her editor told her that staff advocating for press freedom publicly would create a conflict with WSJ's reporting of the issue in Hong Kong— After 2019, as China tightened its grip on Hong Kong and mass protests gripped the city, police raided the Apple Daily …

Discussion:
Media Voices, @joshgerstein, @bkesling, @lathram, @jennyabamu, @gaufre, @sewellchan and Talking Biz News

Discussion:

Josh Gerstein /
@joshgerstein: This @selina_cheng situation remains extremely embarrassing for the Wall Street Journal and damaging to its reputation at a time when it would be better for everyone worldwide to be rallying to its side over Evan Gershkovitch's plight https://www.cjr.org/...

Ben Kesling /
@bkesling: The latest bold leadership move from @emmatuckerWSJ “I pushed for press freedom in Hong Kong. The Wall Street Journal fired me.” https://www.cjr.org/... via @cjr

James Graff /
@lathram: I knew Dow Jones used the term “restructuring” for layoffs cynically—but here it really pushed the envelope https://www.cjr.org/...

Jenny Abamu /
@jennyabamu: Never met a free press outlet anywhere in the world that doesn't support free press. Standing with Evan, Selina Cheng and press freedom everywhere. https://www.cjr.org/... @gaufre: “The Journal, she said, continues to report on incidents related to press freedom in the city, such as trials against the press, so having its employees advocating for press freedom publicly would create a conflict.” https://www.cjr.org/...

Sewell Chan /
@sewellchan: Powerful essay by @selina_cheng, Hong Kong journalist who says she was let go after running to lead the Hong Kong Journalists Association. https://www.cjr.org/... via @cjr

RELATED:

South China Morning Post:
Media orgs, WSJ union, and a congressional panel express support for Selina Cheng, who says WSJ fired her for assuming Hong Kong Journalists Association's chair

Discussion:

Connor Mycroft /
@connor_mycroft: Women Press Freedom @CFWIJ said: “We urge WSJ and Dow Jones to reconsider their actions and reinstate Cheng.” https://x.com/...

Connor Mycroft /
@connor_mycroft: Canadian press advocacy group @MAP_Canada said: “The Wall Street Journal should be ashamed of their treatment of Selina Cheng.” https://x.com/...

Connor Mycroft /
@connor_mycroft: Hong Kong Labour Rights Monitor @HKLabourRights and 40 overseas HK civil society groups in an open letter said they were “shocked” by the move and called on WSJ to provide an explanation for the dismissal. https://hklabourrights.org/...

Connor Mycroft /
@connor_mycroft: International press groups are leading a growing chorus of support for HKJA chairwoman @selina_cheng days after she was fired by @WSJ A (non-exhaustive)🧵on the groups around the globe speaking up https://www.scmp.com/... @ceccgov: Chairs are tracking concerns about the firing of reporter @Selina_Cheng upon her election as President of @HKJA_Official, and the disturbing questions about whether @WSJ is abetting the erosion of press freedoms in #HongKong. https://www.washingtonpost.com/ ...

Jane Manchun Wong /
@wongmjane@threads.net: WSJ only stands with their American journalists

Tom Grundy /
Hong Kong Free Press HKFP: Wall St Journal union urges paper to reinstate head of Hong Kong journalists' group Selina Cheng amid outcry

Ryan Ho Kilpatrick /
China Media Project: Code of Silence — In other parts of the world, getting elected to lead one's local press group … journalism.columbia.edu: Statement from the Columbia Journalism School Faculty in Support of Press Freedom and Selina Cheng, '16 M.S. Stabile