Sources: News Corp's Rebekah Brooks and Robert Thomson joined Lachlan Murdoch in Sydney for meetings ahead of a major restructuring announcement next week (Amanda Meade/The Guardian)

Mediagazer: Sources: News Corp's Rebekah Brooks and Robert Thomson joined Lachlan Murdoch in Sydney for meetings ahead of a major restructuring announcement next week (Amanda Meade/The Guardian)

Top News:

Wall Street Journal:

News Corp and OpenAI announce a multiyear agreement to bring News Corp's news content to OpenAI; sources: the deal could be worth $250M over five years— Agreement could generate over $250 million over five years for News Corp in cash and credits — Wall Street Journal owner News Corp struck …
Discussion: News Corp, The Guardian, New York Times, Sydney Morning Herald, The Wrap, Variety, Axios, MediaPost, Columbia Journalism Review, Talking Biz News, VentureBeat, The Verge, The Information, Washington Post, Nicholas Gray on LinkedIn, @marlownyc, Artem Fishman on LinkedIn, @jeffjarvis@mastodon.social, @benny6toes.bsky.social, Benzinga, The Hollywood Reporter and Platformer, more at Techmeme »

Discussion:

Katie Robertson /
New York Times: OpenAI Strikes a Deal to License News Corp Content

Shirin Ghaffary /
Sydney Morning Herald: News Corp signs lucrative content deal with ChatGPT maker OpenAI

Natalie Korach /
The Wrap: News Corp and OpenAI Strike Multi-Year Licensing Partnership to Train Chatbots

Todd Spangler /
Variety: News Corp Inks OpenAI Licensing Deal Potentially Worth More Than $250 Million

Sara Fischer /
Axios: News Corp. strikes content licensing deal with OpenAI

Ray Schultz /
MediaPost: News Corp. And OpenAI Ink Content Agreement

Pete Brown /
Columbia Journalism Review: Licensing deals, litigation raise raft of familiar questions in fraught world of platforms and publishers

Chris Roush /
Talking Biz News: WSJ parent strikes content deal with OpenAI

Nick Wingfield /
The Information: News Corp and OpenAI Strike Multiyear Deal

Gerrit De Vynck /
Washington Post: News Corp. signs deal with OpenAI to show news in ChatGPT

Nicholas Gray /
Nicholas Gray on LinkedIn: This is a very important global (including Australian) deal for our company and industry. It is vital all tech platforms recognise and pay …

Marlow Stern /
@marlownyc: so chatgpt is gonna be right-wing

Artem Fishman /
Artem Fishman on LinkedIn: We're excited to announce this landmark partnership with OpenAI. As a professional news, information and data company, we have so much ahead of us, in this new age of AI advancements.

Jeff Jarvis /
@jeffjarvis@mastodon.social: The big, old publishers grab their bag o' gold from OpenAI et al, leaving out all of local, Black, Latino, digital, and new media and the needs of the public. The industry should instead band together for a news API. But it's every mogul for himself. — https://www.wsj.com/... @benny6toes.bsky.social: So now ai will get help hallucinating from actual people who hallucinate? — Im sure this won't be problematic at all...

Adam Eckert /
Benzinga: News Corp Stock Pops On Multiyear Deal With OpenAI

Alex Weprin /
The Hollywood Reporter: News Corp. Decides to Take the Money From OpenAI In Major Licensing Deal

Casey Newton /
Platformer: A better way for platforms to fund journalism

Sports Business Journal:

Sources: the NBA is formalizing deals with Disney, NBC, and Amazon, which may prompt WBD to sue; ESPN may pay $2.8B annually, NBC $2.6B, and Amazon $1.8B to $2B— NEW YORK — The NBA is formalizing written contracts with Disney, NBC and Amazon this week, with sources calling it the final stage …

Discussion:
Awful Announcing, Deadline, New York Post, The Streamable, @dylanbyers, The US Sun, Sports Media Watch, Next TV, UPROXX, Mediaite, Cord Cutters News and New York Daily News

Discussion:

Dade Hayes /
Deadline: NBA Rights Situation “Sucks Right Now” For Warner Bros. Discovery Staffers, Charles Barkley Says

Justin Tasch /
New York Post: TNT's beloved ‘Inside the NBA’ hangs in the balance as NBC a step closer to landing NBA rights

David Satin /
The Streamable: NBA's New Broadcast Deals with ESPN, Prime Video, NBC Likely to Be Finalized This Week

Dylan Byers /
@dylanbyers: NBA formalizing deals with Disney, Amazon, NBC, per @SBJ: * “NBC's proposed package is believed to be now worth $2.6B annually — up from a reported $2.5B... https://www.sportsbusinessjournal.com/ ...

David Scott /
The US Sun: Inside the NBA on TNT with Shaq and Charles Barkley to end next season as NBC, Amazon and ESPN ‘seal’ live TV rights

Daniel Frankel /
Next TV: NBA Reportedly Set to Finalize Deals With ESPN, Amazon and NBCU, Leave TNT and ‘Inside the NBA’ Behind

Robby Kalland /
UPROXX: Report: WBD Refused To Double Their Old Rights Deal In Exclusive Negotiations And Now Could Lose The NBA

Ahmad Austin Jr /
Mediaite: JUST IN: NBA Reportedly Finalizes Blockbuster $2.6B Media Rights Deal With NBC, Cuts Ties With 40-Year Rightsholder TNT

The Guardian:

Sources: News Corp's Rebekah Brooks and Robert Thomson joined Lachlan Murdoch in Sydney for meetings ahead of a major restructuring announcement next week— Staff brace for significant cuts as media giant prepares to make moves to counter decline of print and slow advertising market

Discussion:
Dave Earley on LinkedIn, @onyadon, @mikecarlton01 and @pressgazette

Discussion:

Dave Earley /
Dave Earley on LinkedIn: Rebekah Brooks and Robert Thomson are in town, joining Lachlan and Michael Miller as staff, who “are bracing for significant cuts” …

Robert Smith /
@onyadon: #NewsCorp staff are bracing for significant cuts as the media giant moves to slash tens of millions of dollars in costs to counter the decline of print and a slow advertising market.

Mike Carlton /
@mikecarlton01: The Murdochracy gathers for a chainsaw massacre at NewsCorpse. https://www.theguardian.com/ ...

STLPR:

Big Lou Media has sold The Riverfront Times, an alt weekly in St. Louis, Mo, to an undisclosed buyer, and the entire writing and editing staff has been laid off— The Riverfront Times, St. Louis' alt-weekly newspaper, is no more, at least in its current state.

Discussion:
MediaPost, KSDK-TV and @kallieecox

Discussion:

Ray Schultz /
MediaPost: Alternative St. Louis Weekly Sold To Unidentified Buyer

@maxwelltani:

— Washington Post CEO Will Lewis is introing the paper's new “Build It” plan today. In a meeting with staff, he noted that the paper lost $77 million over the past year, and saw a 50% drop off in audience since 2020: “To be direct, we are in a hole, and we have been for some time.”

Discussion:
Washington Post, @atherton.bsky.social, @markshatraw.bsky.social, @vortexegg.regretfully.online, @charles.littlegreenfootballs …, @hammancheez.bsky.social, @wilson__valdez, @macktubs, @maxwelltani, @tomscocca.bsky.social, @worknowitzki.bsky.social, @alttag.bsky.social, @thatweissguy.bsky.social, @atherton.bsky.social, @jonastraxler.bsky.social, @sarafischer, @852dude.bsky.social, @cfaller96.bsky.social, @andrewsshi.bsky.social, @erinannmcc.bsky.social, @natalieweiner.bsky.social, @maxwelltani, @froomkin, @karlbode.bsky.social, @maxwelltani, @nslayton.bsky.social, @benharris1.bsky.social, @mcoatney, @maxwelltani, @darrylmason, @justicar.xyz, @estarianne.bsky.social, @cocktailhag.bsky.social, @socio-steve.bsky.social, @scarylawyerguy, @tcarmody.bsky.social, @dextrosity.bsky.social, @jaycockburn, @reubenr80027912, @missingthept.bsky.social and @eleanorofs.bsky.social

Discussion:

Jeremy Barr /
Washington Post: Washington Post announces new subscription plans in bid to boost revenue

Kelsey Atherton /
@atherton.bsky.social: For fractions of their unfathomable wealth, billionaires could fund news and leave everything alone, but they actually by and large hate media and are happy to see it die rather than treat its continued viability as a sign of their benevolence. They can't even get easy PR right.

Mark Shatraw /
@markshatraw.bsky.social: Couldn't Bezos have plopped like, a billion and a half in an index fund somewhere and literally funded the Post with the interest

Charles Johnson /
@charles.littlegreenfootballs.com: So firing their liberal columnists and increasingly pandering to the right wing for clicks isn't working? Huh. [embedded post] @hammancheez.bsky.social: CEO : in order to improve morale we are replacing you with LLMs trained on CSAM [embedded post]

Mack Tubridy /
@macktubs: If democracy dies in darkness, then the Washington Post will die in whatever the hell this is

Max Tani /
@maxwelltani: AI is a major component of the Post's internal strategy announcement today. WaPo's chief tech officer told staff that going forward, the paper has to have “AI everywhere in our newsroom.”

Tom Scocca /
@tomscocca.bsky.social: It's a quarter of one percent of Bezos' gains this year. It's 1/5 of the amount of money his fortune fluctuated overnight. [embedded post]

Tom Scocca /
@tomscocca.bsky.social: Seventy-seven million dollars is less than 1/2,500 of Jeff Bezos' net worth

WorkNowitzki /
@worknowitzki.bsky.social: I'm not normally a conspiracy guy on stuff like this, but...this would give a newspaper a pretty strong interest in Trump getting elected.

Tom /
@alttag.bsky.social: It's so weird what paywalls will do to readership. — If only we could understand why people don't read our stuff, which we mostly keep locked away.

Andrew Otis Weiss /
@thatweissguy.bsky.social: National News $200 — Local News $150 — International News $50 — Smooth Brained Feature/Editorial Columnists $150,000,000 — Arts & Lifestyle $150 — someone who is good at the economy please help me budget this. my newspaper is dying [embedded post]

Kelsey Atherton /
@atherton.bsky.social: Billionaires love to buy vital institutions and then claim they're not self-sufficient and run them into the ground rather than part with one shiny coin to sustain the institution indefinitely.

Jonas Traxler /
@jonastraxler.bsky.social: So the daily Ashley Parker “Biden is old” stories aren't drawing enough eyeballs?

Sara Fischer /
@sarafischer: Today @washingtonpost CEO Will Lewis will unveil next phase of WaPo's turnaround strategy: “Build It” phase —"Say It" phase identified 10 focus areas: SEO; Print; Social, Data; Events; Habit; Consumer Journalism; DEI, Culture; Remote work —"Fix It" phase saw groups dvp solutions @852dude.bsky.social: I dunno, but if I were the Washington post and it's owner I may consider editorial practices that could not be considered “money gobbling shit stirrers” — That could be the solution. — But I'm not in journalism and I'm not a smart man. So who knows. [embedded post] @cfaller96.bsky.social: It's almost as if traditional outlets are producing garbage (at the direction of management/editors) and customers have moved on. It's almost as if “lol fuck you libs” as an outlet's market approach is fundamentally wrong. [embedded post]

Andrew Reeves /
@andrewsshi.bsky.social: Wait wasn't the whole thing supposed to be Bezos's money-losing vanity project? [embedded post]

Erin A. McCarthy /
@erinannmcc.bsky.social: I just re-subscribed for a measly $20/year, and this makes me think that that was a good choice. [embedded post]

Natalie Weiner /
@natalieweiner.bsky.social: oh, a 50% drop off in audience since the year when a global pandemic started and we needed to check the news constantly to avoid sickness and death? [embedded post]

Max Tani /
@maxwelltani: Lewis says the company is focused on growing subscriptions organically but is open to growing them through an acquisition if it makes sense...

Dan Froomkin /
@froomkin: 50% drop in audience! Holy shit! That's even worse than they'd previously indicated. And it's probably too late to turn things around. Allow me to explain: https://presswatchers.org/... [image]

Karl Bode /
@karlbode.bsky.social: surely the overpaid ivy league ivy league brunchlords actually in charge of strategy for WAPO will be the first to feel the firm repercussions for their missteps — (sad trombone, farting noises) [embedded post]

Max Tani /
@maxwelltani: Lewis says the says the three pillars of the new strategy are: great journalism, happy customers, and making money: “If we're doing things that don't meet all three...we should stop doing that.” He adds that the company will also be looking for ways to use AI in its journalism.

Nicholas Slayton /
@nslayton.bsky.social: I thought the entire point of Bezos owning them was that they wouldn't have financial issues? [embedded post]

Ben Harris /
@benharris1.bsky.social: I'm going to keep this in mind the next time I see a story about the Iowa caucuses with 7 reporters on the byline, or an AI-generated story about how a deceased basketball player is now useless. [embedded post]

Mark Coatney /
@mcoatney: I really would love to see that number unpacked. How in the world did WaPo lose $77 million, exactly? What was driving that?

Max Tani /
@maxwelltani: Lewis says the says the three pillars of the new strategy are: great journalism, happy customers, and making money: “If we're doing things that don't meet all three...we should stop doing that.” He adds that the company will also be looking for ways to use AI in its journalism.

Darryl Mason /
@darrylmason: The Washington Post lost 50% of its readership in just 4 years. Another successful ‘news brand’ sent down the shitter after hiring ridiculous conservative columnists and promoting them as “Premium Content Worth Paying For.” Truly extraordinary how they fukt it so fast.

Glenn White /
@justicar.xyz: Context: Washington Post owner Jeff Bezos' current wealth is $201B. This means that he made $77M in interest before he even had his first sip of extremely expensive coffee this morning. [embedded post] @estarianne.bsky.social: I will resubscribe if they stop doing right wing stenography. [embedded post] @cocktailhag.bsky.social: Bezos could come up with that from the couch cushions on his yacht. — Clearly, he bought the paper to kill it, and is succeeding. [embedded post]

Stephen Nuñez /
@socio-steve.bsky.social: As @johnbrownstan.bsky.social has noted journalism has increasingly transformed from a club good (excludable, non-rivalrous) to a public good (non-excludable, non-rivalrous). Generally we do public funding/provision for public goods. because the markets don't work. [embedded post] @scarylawyerguy: Boring old Joe Biden competently steering the ship of state might be good for little d democracy (not to mention American leadership in the world) but it's killing media outlets that got hooked on the chaos of Trump's presidency (which is why they want him back so badly!)

Tim Carmody /
@tcarmody.bsky.social: I am a fan of newsrooms and revenue teams working with AI. But you can't just sprinkle a little bit of it all over your company and expect your pockets to fill with money. You need a strategy. Ideally, one that doesn't erode your brand. Otherwise you're just doing the same things but it costs more $ [embedded post] @dextrosity.bsky.social: I really worry news rooms are looking at that post-2020 audience drop, thinking (perhaps correctly!) that Trump in charge is better for their bottom lines, and the resulting impact on democracy. [embedded post]

Jay Cockburn /
@jaycockburn: What's the point of being bought by one of the world's largest and most profitable companies if they aren't going to fund your operation? Why sell to Bezos in the first place?

Reuben Rodriguez /
@reubenr80027912: Again, the problem is not that the media is incorrectly reporting on the economy Ppl are just not reading the news like they used to McDonalds has doubled in price, they see Biden shuffling on TV and are amorphously annoyed w/o being very engaged. Don't overthink things!

Digiday:

How sending fewer emails and giving paid subscribers early access to content improved The New Yorker's onsite page views and time spent from newsletter users— The New Yorker has refocused its newsletter strategy in an effort to retain its cohort of 1.2 million paid subscribers and grow …

Wall Street Journal:

As TV audiences get older, media executives are focusing more on the mass-market reach of TV, and playing down the importance of age for advertisers— With viewers in their 60s, networks aren't pretending to have youth appeal; they're touting the virtues of older audiences

Discussion:
@jeffjarvis, @jbflint and @jeffjarvis@mastodon.social

Discussion:
@jeffjarvis: In other words, mass media and the mass are dying.... With the median age of TV viewers well into the 60s at many networks, media companies' new advertising pitch is that age doesn't matter https://www.wsj.com/...

Joe Flint /
@jbflint: Call it the “Balance of Nature” effect. With the median age of TV viewers well into the 60s at many networks, media companies' new advertising pitch is that age doesn't matter. W @thesimonetti https://www.wsj.com/...

Deadline:

Sources: Sundance is weighing proposals from 15 locations to move the festival in 2027; a decision is expected internally around the end of September— EXCLUSIVE: The Sundance Film Festival is looking South for a potential new home, as well as in its backyard.

CNBC:

WBD and ESPN strike a five-year deal letting WBD's TNT carry two first-round college football playoff games in 2024 and 2025, adding two quarterfinals in 2026— In a move to strengthen its sports offerings, Warner Bros. Discovery has signed a five-year sublicensing deal with Disney's ESPN …

Discussion:

Jaspreet Singh /
Reuters: Warner Bros Discovery's TNT signs deal with ESPN for College Football Playoff

Anthony Crupi /
Sportico: TNT to Sublicense College Football Playoff Package From ESPN

Brian Steinberg /
Variety: Warner Bros. Discovery Licenses College Football Playoff Games From ESPN as NBA Talks Continue

Daniel Frankel /
Next TV: TNT to Sublicense College Football Playoff Game Rights From ESPN

Andrew Marchand /
New York Times: TNT Sports adds College Football Playoff games in 5-year sub-licensing deal with ESPN

Luke Bouma /
Cord Cutters News: Warner Bros. Discovery & ESPN Team Up to Bring College Football Playoff Games To Max & TNT

Alex Sherman /
Alex Sherman on LinkedIn: Showing the world it still cares deeply about sports, Warner Bros. Discovery has inked a five-year sublicensing deal with Disney to carry certain College Football Playoff games exclusively on TNT. …

Reuters:

US FCC Chairwoman Jessica Rosenworcel proposes requiring the disclosure of content generated by AI in political ads on radio and TV, citing the use of deepfakes— U.S. Federal Communications Commission Chairwoman Jessica Rosenworcel on Wednesday proposed requiring disclosure of content generated …

Discussion:

Gaby Del Valle /
The Verge: Political ads could require AI-generated content disclosures soon

Ted Johnson /
Deadline: FCC Chair Unveils Proposal To Require Disclosure Of AI-Content In Political Ads

Todd Spangler /
Variety: FCC May Require Political Ads to Disclose AI-Generated Content

Matthew Connatser /
The Register: FCC boss wants political ads to admit when they were made using AI

Devin Coldewey /
TechCrunch: FCC proposes all AI-generated content in political ads must be disclosed

Ali Swenson /
Associated Press: FCC to consider rules for AI-generated political ads on TV and radio, but can't touch streaming

Dave Gregorio /
Dave Gregorio on LinkedIn: The U.S. Federal Communications Commission has already taken steps to fight robocalls using phony “deepfake” content generated by artificial intelligence. …

Aram Sinnreich /
@aram@aoir.social: @Mediagazer yes please FCC: CHAIRWOMAN ROSENWORCEL UNVEILS FIRST STEP IN NEW AI TRANSPARENCY EFFORT TO DISCLOSE AI-GENERATED CONTENT IN POLITICAL ADS ON TV AND RADIO

Brian Fung /
CNN: FCC is considering AI rules for political ads

Alex Weprin /
The Hollywood Reporter: FCC Chair Proposes Rule to Disclose AI-Generated Content in Political Ads

The New York Times Company:

Puck's Teddy Schleifer, who covers politics, billionaires, and business, has been hired by The New York Times as a correspondent on the Politics desk— Teddy, previously a David Rosenbaum reporting fellow in Washington, will be a correspondent on the Politics desk. — Folks,

Discussion:
@dylanbyers, @shanegoldmacher, @tina_nguyen, @loudmouthjulia, @teddyschleifer and

Discussion:

Dylan Byers /
@dylanbyers: Teddy is the best. It's been a true pleasure working with him and watching him thrive at @PuckNews, and I look forward to following his work at the Times.

Shane Goldmacher /
@shanegoldmacher: We're very excited to have Teddy join the NYT team — been a longtime admirer of his reporting from afar and look forward to working together!

Tina Nguyen /
@tina_nguyen: Teddy's not just an incredible reporter and colleague, but also an amazing friend, dog dad and adventure buddy. (Ask him about the time we almost got blown off a mountain in a blizzard in Texas.) The Times is lucky to have him, and no im not crying YOU'RE crying 😭😭😭

Julia Alexander /
@loudmouthjulia: The biggest win for the NYT. Teddy digs into how the wealthiest people in the world, who want access to complete power at the federal level, operate behind the scenes to ensure they have access to global leaders for their own continued status/wealth building. A fundamental beat.

Teddy Schleifer /
@teddyschleifer: The word bittersweet? A total cliché. But there's nothing else to say about leaving Puck — which transformed my career and made me more bullish on media than ever. Working with this murderer's row of reporters has been a dream in its own right. I'm forever proud of this team.

Teddy Schleifer /
@teddyschleifer: 👋🏼I have some exciting news. I am joining the Times next month to write about politics and billionaires and campaign finance and business. This is a dream job. I cannot wait to report, report and report some more. This beat could not be more important. https://www.nytco.com/...

The Hollywood Reporter:

SEC filing: Vivek Ramaswamy owns shares and call options worth ~$4M in BuzzFeed, or a 7.7% stake, and seeks a shift in its strategy; BZFD jumps 10%+— Ramaswamy has acquired just under 8% of BuzzFeed, with plans to push for “a shift in the company's strategy.”

Discussion:
Fast Company, Business Insider, Associated Press, @silviakillings, @tomgara, @qkslvrwolf@mastodon.social, @parkerortolani@threads.net, CNN, @sherman4949, @highyieldharry, CNBC, Mediaite, The Guardian, Axios, @jeffjarvis@mastodon.social, @seangriffey, Bloomberg, Variety, The Wrap and Benzinga

Discussion:

Clint Rainey /
Fast Company: Vivek Ramaswamy spent $3.3 million to buy 8% of BuzzFeed. How much damage could he do with that stake?

Michelle Chapman /
Associated Press: Former Republican presidential candidate Vivek Ramaswamy takes a 7.7% stake in Buzzfeed

Silvia Killingsworth /
@silviakillings: Vivek Ramaswamy has taken an activist stake in....Buzzfeed https://www.sec.gov/... @qkslvrwolf@mastodon.social: @Mediagazer oh good he's trying to create another super conservative propaganda outlet

Parker Ortolani /
@parkerortolani@threads.net: a right wing takeover of BuzzFeed would simultaneously be the funniest and saddest outcome for a company that I deeply loved working for https://www.bloomberg.com/...

Alex Sherman /
@sherman4949: To answer the question you're all asking, yes, I did have Vivek Ramaswamy becomes an activist shareholder in Buzzfeed on my 2024 Bingo card. Lower right.

Rohan Goswami /
CNBC: Vivek Ramaswamy's stake in BuzzFeed sends shares up 20%, as he seeks strategic ‘shift’

Diana Falzone /
Mediaite: ‘Anti-Woke Warrior’ Vivek Ramaswamy Acquires Activist Stake in BuzzFeed: ‘Stay Tuned’

Chris Michael /
The Guardian: Vivek Ramaswamy acquires 7.7% activist stake in BuzzFeed

Sara Fischer /
Axios: Vivek Ramaswamy acquires activist stake in BuzzFeed

Jeff Jarvis /
@jeffjarvis@mastodon.social: As if Jonah didn't already have enough to worry about. Yeesh.... Vivek Ramaswamy Acquires Activist Stake in BuzzFeed https://www.hollywoodreporter.com/ ...

Sean Griffey /
@seangriffey: Combined, Vivek and I own 7.7% percent of outstanding shares. While I don't want to speak for him, I think we both want a more aggressive 1st party data strategy.

Todd Spangler /
Variety: Vivek Ramaswamy Acquires 7.7% Activist Stake in BuzzFeed

Natalie Korach /