Paramount is prepared — if necessary — to divest some children’s TV network assets to help win EU approval of its $110 billion bid for Warner Bros. Discovery Inc. https://t.co/liRmX12Bov
Vox Media deal is done. James Murdoch’s Lupa is acquiring New York Mag, the Vox Media Podcast Network, and Vox. Those properties will form a new media company under Lupa ownership, which will carry the Vox Media. Jim Bankoff will serve as its CEO when the transaction closes.
.@TikTok_US will begin welcoming third-party AI agents that allow advertisers to use AI agents for autonomous campaign development and management. https://t.co/HfIUVOeL6a
Byron Allen is buying BuzzFeed — investing $120 million in the digital media company — and will become CEO.
BuzzFeed founder and CEO Jonah Peretti will be succeeded by Byron Allen, while Peretti transitions to a newly created role as president of BuzzFeed AI.
https://t.co/3G2XyaJUPe
INBOX: Roku announced the launch of the WNBA Zone, a new, streamlined destination created in partnership w/ the W. The Zone centralizes live matchups, scores, highlights & more in one intuitive location, making it easier than ever for streamers to find league content. Avail. now!
Exclusive: OpenAI is planning to discontinue the app for its Sora video platform, a product it released to great fanfare last year that has since fallen from public view. https://t.co/1ecNQpiOI8
Exclusive.
Kalanick is preparing a new self-driving car company with backing from Uber and with Anthony Levandowski.
This was not on my bingo card.
Developing and will update.
https://t.co/gtDxSpLsmz
Scooplet: @OpenAI is testing an Ads Manager with a small group of partners as its ChatGPT ads pilot takes shape. Early data: some brands see CTRs below 1%, far behind Google Search.
Still, its early days for OAI's ads to be as effective as Google’s.
https://t.co/4rgouH7O4M
Activist investor Elliott Investment Management has injected $1 billion into Pinterest, which Pinterest will use to help fund a $3.5 billion share-buyback program https://t.co/F9nGWkcXVZ via @WSJ
The revised proposal includes an increased purchase price of $31.00 per WBD share in cash, plus a daily ticking fee equal to $0.25 per quarter beginning after September 30, 2026, as well as a $7 billion regulatory termination fee payable by PSKY in the event the transaction does not close due to regulatory matters, payment by PSKY of the $2.8 billion termination fee that WBD would be required to pay to Netflix to terminate the existing Netflix Merger Agreement, an obligation to contribute additional equity funding to the extent needed to support the solvency certificate required by PSKY’s lending banks, and a “Company Material Adverse Effect” definition that excludes the performance of WBD’s Global Linear Networks business https://t.co/ldJNSVcWeP
Your next Disney CEO: Josh D’Amaro, barring a surprise twist.
The Disney board has aligned behind the theme parks chief and is expected to vote him in this week, per @tgbuckley
https://t.co/2kOpbVAu6k