CNN+ Streaming Service Will Shut Down Weeks After Its Start

Executives at Discovery, wary of antitrust rules, were constrained from advising their counterparts at CNN until the merger was done. CNN+ had lost its champion when Mr. Zucker left in February because of an undisclosed romantic relationship with a colleague. But Jason Kilar, the WarnerMedia chief executive, forged ahead anyway, launching the streaming platform on March 29 to the frustration of the Discovery leadership.

It quickly became apparent that Mr. Zaslav had a very different view on digital strategy.

On the morning of April 11, the first business day of Discovery’s ownership — and 90 minutes before its WBD stock even went live on Nasdaq — JB Perrette, Discovery’s global head of streaming, convened a meeting with CNN executives.

Mr. Perrette had a message: Marketing of CNN+ was to be suspended, pending a formal review of the business, three people familiar with the conversation said.

Executives at Warner Bros. Discovery wanted to merge its other subscription platforms — Discovery+ and HBO Max — into one giant streaming service. They were not convinced that a niche product like CNN+ could be viable on its own.

And there was the matter of the debt. Discovery’s merger left the conglomerate owing about $55 billion, which executives are now under pressure to repay. CNN had been planning to spend more than $1 billion on CNN+ over four years, two people familiar with the matter said, even renting out an additional floor of its pricey Manhattan skyscraper.

Andrew Morse, CNN’s chief digital officer and a key architect of CNN+, who became the biggest internal champion of the service, countered that subscription-based online news could be successful, citing The New York Times as an example. Executives at CNN+ said they had secured 150,000 paying subscribers and were on a pace to hit first-year subscription goals.

Executives at Discovery were not impressed: At any given time, fewer than 10,000 people were watching the service, said two people familiar with the numbers, who were not authorized to speak publicly. (On Thursday, Mr. Morse said he was leaving the network entirely.)

View Source

>>> Don’t Miss Today’s BEST Amazon Deals! <<<<

Netflix’s Stumble Could Be a Warning Sign for Streaming Industry

Many entertainment executives, tired of playing catch-up to a Silicon Valley interloper, have been waiting for the comeuppance of Netflix. But this may not have been the way they hoped it would happen.

Netflix said this week that it lost more subscribers than it signed up in the first three months of the year, reversing a decade of steady growth. The company’s shares nose-dived 35 percent on Wednesday while it shed about $50 billion in market capitalization. The pain was shared across the industry as the stock of companies like Disney, Warner Bros. Discovery and Paramount also declined.

Netflix blamed a number of issues, ranging from increased competition to its decision to drop all its subscribers in Russia because of the war in Ukraine. To entertainment executives and analysts, the moment felt decisive in the so-called streaming wars. After years of trying, they may see a chance to gain ground on their giant rival.

But Netflix’s stunning reversal also raised a number of questions that will have to be answered in the coming months as more traditional media companies race toward subscription businesses largely modeled after what Netflix created. Is there such a thing as too many streaming options? How many people are really willing to pay for them? And could this business be less profitable and far less reliable than what the industry has been doing for years?

advertising-supported tier in the next year or two. Netflix also said it would crack down on password sharing, a practice that in the past it said it had no problem with.

“We’ve been thinking about that for a couple of years, but when we were growing fast it wasn’t a high priority to work on,” Mr. Hastings said. “And now, we’re working superhard on it.”

Netflix has no advertising sales experience, while rivals like Disney, Warner Bros. Discovery and Paramount have vast advertising infrastructure. And the password crackdown led some analysts to wonder whether Netflix has already reached market saturation in the United States.

Mr. Hastings tried to reassure everyone that Netflix had been through tough times before and that it would solve its problems. He said the company was now “superfocused” on “getting back into our investors’ good graces.”

Brooks Barnes contributed reporting.

View Source

>>> Don’t Miss Today’s BEST Amazon Deals! <<<<

Discovery Closes In on Acquisition of WarnerMedia

“I am sure you aren’t surprised that it came with a fair amount of anxiety, disappointment and concern relative to the changes it would trigger,” he wrote. “All considered, I remain confident we have set the right path.”

The creation of Warner Bros. Discovery could prompt changes among existing media companies, forcing smaller companies like Paramount to find a way to get bigger.

“There’s Disney, HBO Max, Netflix, Amazon and Apple — that’s five,” said Michael Nathanson, a media analyst, pointing to the leading streaming services. “You don’t want to be in position six, seven or eight. At some point, they’ll say, ‘We have to find a dance partner.’”

The biggest question will be what happens to HBO Max and Discovery+, the merging companies’ streaming services. Initially, the two could be sold as a bundle, but over time they will be brought together into one giant streaming service, Mr. Zaslav told staff on Friday.

HBO and HBO Max, which consists of new television series and movies, as well as an impressive lineup from the Warner Bros. library, have more than 70 million subscribers; Discovery+ has more than 20 million.

Even brought together, that pales next to Netflix, which has more than 220 million paying subscribers, most of them outside the United States. HBO Max has only recently expanded into foreign territory, though Discovery has built a robust international business.

“A new giant is born when they prove they have international scale,” Mr. Nathanson said of Warner Bros. Discovery. “I don’t think Discovery content on HBO Max in the U.S. is a needle mover. But because international is such uncontested territory, they can have more impact outside the U.S.”

View Source

>>> Don’t Miss Today’s BEST Amazon Deals! <<<<

Streaming Took Over Hollywood. Will It Take Best Picture, Too?

The pandemic accelerated the disruption. Traditional studios like Paramount, Universal, Sony, Warner Bros. and Disney rerouted dozens of theatrical films to streaming services or released them simultaneously in theaters and online. For the second year in a row, the Academy of Motion Picture Arts and Sciences, citing the coronavirus threat, allowed films to skip a theatrical release entirely and still be eligible for Oscars. The academy had previously required at least a perfunctory theatrical release of at least a week in Los Angeles.

This is about more than Hollywood egotism. The worry is that, as streaming services proliferate — more than 300 now operate in the United States, according to the consulting firm Parks Associates — theaters could become exclusively the land of superheroes, sequels and remakes. The venerable Warner Bros. has slashed annual theatrical output by almost half and built a direct-to-streaming film assembly line. Last week, Amazon boosted its Prime Video service by acquiring Metro-Goldwyn-Mayer, the old-line studio behind “Licorice Pizza,” which is nominated for three Academy Awards, including best picture.

In a year when Hollywood largely failed to jump-start theatrical moviegoing, streaming services solidified their hold on viewers. Global ticket sales totaled $21.3 billion in 2021, down from $42.3 billion in 2019, according to the Motion Picture Association. (Theaters were closed for much of 2020.) Some theater companies have gone out of business, others have merged; the world’s biggest theater chain, AMC Entertainment, racked up $6 billion in losses over the past two years and its stock has dropped 66 percent since June. At the same time, the number of subscriptions to online video services around the world grew to 1.3 billion, up from 864 million in 2019, the group said.

One film that struggled at the box office was Mr. Spielberg’s “West Side Story,” which received an exclusive run in theaters (per his wishes) of about three months. It collected about $75 million worldwide (against a production budget of $100 million and global marketing costs of roughly $50 million). “West Side Story” is now available on not one but two streaming services, Disney+ and HBO Max, where it has almost assuredly been viewed more widely than in theaters. But the film was never able to recover — among Oscar voters — from being branded a box office misfire. It received seven nominations, and is poised to win in one category, for Ariana DeBose as best supporting actress.

Mr. Spielberg’s also-ran presence in the current Oscar race makes the ascendance of streaming contenders all the more striking: a lion in the fight to keep the Academy Awards focused on theatrical films is pushed aside.

However unlikely, it is possible that “West Side Story” could come from behind and win the best picture trophy. So could Kenneth Branagh’s “Belfast,” for that matter. Such an outcome would be a bit like 2019, when academy voters, turned off by an over-the-top campaign by Netflix to push “Roma” to best picture glory, instead gave the prize to “Green Book,” a traditional film from Universal Pictures.

View Source

>>> Don’t Miss Today’s BEST Amazon Deals! <<<<

Without Box Office or Streaming Numbers, Hollywood Finds It Tough to Plan

“The Suicide Squad” should have been a big hit for Warner Bros. last month. It had superheroes, a marquee director (James Gunn), a huge production budget ($185 million) and received terrific reviews. But instead of delivering a box office ka-pow, it went ker-thud: Ticket sales total $156 million (split roughly 50-50 with theaters), compared with $747 million for the first “Suicide Squad” in 2016.

Of course, the latest one had to battle a pandemic. And it was also made available free on HBO Max in lock step with its theatrical debut. On that platform, it was a relative success — at least according to HBO Max, which heralded “The Suicide Squad” as the service’s second-most-viewed movie debut of the year.

But it offered no numbers.

“Paw Patrol: The Movie” (Paramount) was released simultaneously in theaters and on Paramount+ late last month. It took in $13 million over its first weekend, enough for second place behind “Free Guy,” a holdover. But the actual demand for “Paw Patrol” was shrouded. Regal Cinemas, the second-largest multiplex chain in the United States behind AMC Entertainment, refused to play the animated adventure because of its streaming availability. Paramount+ said on Aug. 25 that the movie “ranked as one of the service’s most-watched originals.”

But it offered no numbers.

In contrast, Disney-Marvel released “Shang-Chi and the Legend of the Ten Rings” exclusively in theaters on Friday. Disney’s chief executive had called the old-fashioned release an “experiment.” Would the coronavirus keep people at home?

In surveys in late August of American moviegoers by the National Research Group, a film industry consultant, about 67 percent of respondents said they felt comfortable (“very or somewhat”) sitting in a theater. Disney has cited coronavirus concerns for making films like “Jungle Cruise,” “Cruella” and “Black Widow” available in homes on Disney+ at the same time as in theaters (even though Hollywood has suspected that the real reason — or at least an equally important one — has been helping Disney+).

The crystal-clear result: Audiences flocked to “Shang-Chi,” which was on pace to collect $83.5 million from 4,300 theaters in the United States and Canada from Friday through Monday, according to Comscore, which compiles box office data. Overseas, the well-reviewed movie, notable for being Marvel’s first Asian-led superhero spectacle, generated an additional $56.2 million. “Shang-Chi” cost roughly $200 million to make.

View Source

>>> Don’t Miss Today’s BEST Amazon Deals! <<<<

‘F9’ Could Be the Blockbuster Hollywood Needs

LOS ANGELES — In February 2020, Universal Pictures used the Super Bowl to light a marketing match under “F9,” the latest installment in the “Fast and Furious” franchise. With any luck, the studio hoped, the movie would roar into theaters a few months later and take in more than $1 billion worldwide, just as a predecessor, “The Fate of the Furious,” did in 2017.

But the pandemic had other plans. Some rival studios hemmed and hawed over their release schedule, but Universal shocked Hollywood in early March 2020 by delaying “F9” for an entire year. “It was a very unpopular decision,” Donna Langley, chairwoman of the Universal Filmed Entertainment Group, said recently in a phone interview. “A lot of people really did not agree with me.”

It was a $350 million-plus decision, between production and marketing costs, and Ms. Langley, like everyone at that stage of the pandemic, was operating in the dark. “It really was a gut call,” she said.

Avengers: Endgame” in 2019.

screen patriotic films with titles like “The Sacrifice” and “The Red Sun” at that time.

As Hollywood has contemplated how best to rev up moviegoing now that theaters are beginning to operate with some normalcy again, there has been a lot of talk about “the right movie at the right time.” It was not Christopher Nolan’s cerebral “Tenant,” which was released in September by Warner Bros. An old-fashioned monster mash-up, “Godzilla vs. Kong,” drew big crowds last month, but results were depressed because it was simultaneously available on HBO Max.

Could “F9” be the one? It will receive an exclusive run in theaters and features action sequences designed specifically for big screens. One of the film’s cars has an actual rocket engine attached to its roof.

“It feels like a big, beginning-of-summer, school’s-out celebration,” Ms. Langley said of the sequel. It finds Vin Diesel’s marble-mouthed Dom Toretto facing his younger brother Jakob (John Cena), an assassin working with the villainous Cipher (Charlize Theron). Michelle Rodriguez returns as the brooding Letty. Tyrese Gibson, Helen Mirren and Ludacris also star.

View Source

>>> Don’t Miss Today’s BEST Amazon Deals! <<<<

Scrounging for Hits, Hollywood Goes Back to the Video Game Well

LOS ANGELES — For 28 years, ever since “Super Mario Bros.” arrived in cinemas with the tagline “This Ain’t No Game,” Hollywood has been trying and mostly failing — epically, famously — to turn hit video games into hit movies. For every “Lara Croft: Tomb Raider” (2001), which turned Angelina Jolie into an A-list action star, there has been a nonsensical “Max Payne” (2008), an abominable “Prince of Persia” (2010) and a wince-inducing “Warcraft” (2016).

If video games are the comic books of our time, why can’t Hollywood figure out how to mine them accordingly?

It may finally be happening, powered in part by the proliferation of streaming services and their need for intellectual property to exploit. “The need for established, globally appealing I.P. has naturally led to gaming,” Matthew Ball, a venture investor and the former head of strategy for Amazon Studios, wrote last year in an essay titled “7 Reasons Why Gaming I.P. Is Finally Taking Off in Film/TV.”

Sony Pictures Entertainment and its PlayStation-powered sibling, Sony Interactive, are finally working together to turn PlayStation games into mass-appeal movies and television shows. There are 10 game adaptations in the Sony Pictures pipeline, a big leap from practically none in 2018. They include “Uncharted,” a $120 million adventure based on a 14-year-old PlayStation property (more than 40 million copies sold). “Uncharted” stars Tom Holland, the reigning Spider-Man, as Nathan Drake, the treasure hunter at the center of the game franchise. It is scheduled for release in theaters on Feb. 18.

post-apocalyptic game of the same title. Pedro Pascal, “The Mandalorian” himself, is the star, and Craig Mazin, who created the Emmy-winning mini-series “Chernobyl,” is the showrunner. Executive producers include Carolyn Strauss, one of the forces behind “Game of Thrones,” and Neil Druckmann, who led the creation of the Last of Us game.

Sony games like Twisted Metal and Ghost of Tsushima are also getting the TV and film treatment. (Contrary to speculation, one that is not, at least not anytime soon, according to a Sony spokesman: God of War.)

In the past, Sony Pictures and Sony Interactive operated as fiefs, with creative control — it’s mine; no, it’s mine — impeding adaptation efforts. When he took over as Sony’s chief executive in 2018, Kenichiro Yoshida demanded cooperation. The ultimate goal is to make better use of Sony’s online PlayStation Network to bring Sony movies, shows and music directly to consumers. PlayStation Network, introduced in 2006, has more than 114 million monthly active users.

“I have witnessed a radical shift in the nature of cooperation between different parts of the company,” said Sanford Panitch, Sony’s movie president.

Halo,” a series based on the Xbox franchise about a war between humans and an alliance of aliens (more than 80 million copies sold), will arrive on the Paramount+ streaming service early next year; Steven Spielberg is an executive producer. Lionsgate is adapting the Borderlands games (roughly 60 million sold) into a science fiction film starring Cate Blanchett, Kevin Hart and Jamie Lee Curtis.

Buoyed by its success with “The Witcher,” a fantasy series adapted from games and novels, Netflix has shows based on the “Assassin’s Creed,” “Resident Evil,” “Splinter Cell” and “Cuphead” games on the way. Jonathan Nolan and Lisa Joy, the duo behind HBO’s “Westworld,” are developing a science-fiction show for Amazon that is based on the Fallout video game franchise.

And Nintendo and Illumination Entertainment, the Universal Pictures studio responsible for the “Despicable Me” franchise, have an animated Mario movie headed to theaters next year — another new collaboration between a game publisher and a film company.

Still, Hollywood’s game adaptation track record is terrible. Why should the coming projects be any different?

For a start, the games themselves have evolved, becoming more intricate and cinematic. “Games have stories that are so much more developed and advanced than they used to be,” Mr. Panitch said.

first major game adaptation in three decades to receive a “fresh” designation on Rotten Tomatoes, the review-aggregation site. Since then, two more adaptations, “Sonic the Hedgehog” (Paramount) and “The Angry Birds Movie 2” (Sony) have been critical and commercial successes.

“Quality has definitely been improving,” said Geoff Keighley, creator of the Game Awards, an Oscars-like ceremony for the industry.

The most recent game-to-film entry, “Mortal Kombat” (Warner Bros.), received mixed reviews but has taken in $41.2 million in the United States since its release last month, a surprisingly large total considering it was released simultaneously on HBO Max and theaters were still operating with strict coronavirus safety protocols.

Mr. Panitch acknowledged that “video game movies have a checkered history.” But he added, “Failure is the mother of invention.”

Game adaptations, for instance, have often faltered by trying to rigidly replicate the action and story lines that fans know and love. That approach invites comparison, and movies (even with sophisticated visual effects) almost always fail to measure up. At the same time, such “fan service” turns off nongamers, resulting in films that don’t connect with any particular audience.

“It’s not just about adapting the story,” said Michael Jonathan Smith, who is leading Sony’s effort to turn Twisted Metal, a 1995 vehicular combat game, into a television series. “It’s about adapting how you feel when you play the game. It has to be about characters you care about. And then you can slide in the Easter eggs and story points that get fans absolutely pumped.”

“Uncharted” is a prequel that, for the first time, creates origin stories for the characters in the game. With any luck, such storytelling will satisfy fans by giving them something new — while also inviting nongamers, who may otherwise worry about not knowing what is going on, to buy tickets. (The producers of “Uncharted” include Charles Roven, who is known for the “Dark Knight” trilogy.)

“It’s a question of balance,” said Asad Qizilbash, a senior Sony Interactive executive who also runs PlayStation Productions, an entity started in 2019 and based on Sony’s movie lot in Culver City, Calif.

Unlike in the past, when Sony Pictures and Sony Interactive pledged to work together and ultimately did not, the current collaboration “has weight because there is a win for everyone,” Mr. Qizilbash added. “We have three objectives. Grow audience size for games. Bring product to Sony Pictures. Showcase collaboration.”

The stakes are high. A cinematic flop could hurt the game franchise.

“It’s risky,” Mr. Qizilbash allowed. “But I think we can do it.”

View Source

>>> Don’t Miss Today’s BEST Amazon Deals! <<<<

After Media Detour, AT&T Confronts Old Problems

“It would have been an amazing merger,” said David Barden, a senior research analyst at Bank of America. “It would have kind of perpetuated the AT&T juggernaut of growth through acquisition — not through organic — but it failed.”

Mr. Stephenson then looked to the attractive profit margins found in media and entertainment. In 2014, he announced a deal for DirecTV, a transaction that he promised would “redefine the industry.”

But AT&T bought into the pay-TV industry at its peak. Not long after it acquired the satellite service, consumers left in droves.

“One thing they didn’t — they could not have anticipated, was that 2014 was the last year linear video would grow,” Mr. Barden, referring to the cable TV business. “Because who was out there in the wings? This little company called Netflix.” Customers began to cut their cords and cable subscriptions began their descent.

Then came Time Warner. Numerous analysts pointed out that owning a company that makes money by distributing shows and films as widely as possible wouldn’t give AT&T any advantage. In other words, it would still have to license HBO and CNN to rivals like Verizon’s television service, or to cable giants like Comcast. AT&T would have a hard time justifying keeping the content for itself.

The Justice Department sued AT&T to block the deal, but it lost its case in court.

Makan Delrahim, the former Justice Department antitrust chief who oversaw the suit, said in an interview that AT&T’s rampant deal making was a “classic case” of corporate misbehaving. The company “did a series of mergers and acquisitions and really were not rational for their business execution,” he said, “T-Mobile, DirecTV and Time Warner. And this is the result.”

Mr. Whitacre, the founding chief executive of the modern AT&T, offered another view.

“The deals we made while I was chairman — which was a long time — was acquiring the businesses that we were familiar with, the businesses we were in,” he said in an interview. “And when I left, that changed.”

Mr. Whitacre, who is still an AT&T shareholder, said he liked the Discovery deal, getting the company back to “where we came from, if you would.”

View Source

Israel vs. Hamas

The latest conflict between Israelis and Palestinians had its own specific sparks. But just as important as those sparks is a larger reality: Both sides in the conflict are led by people who are relatively uninterested in compromise.

Many Israeli and Palestinian leaders have given up on the idea of lasting peace, such as a two-state solution in which Israel and a sovereign Palestine would coexist. They are instead pursuing versions of total victory. For Hamas, the militant group that rivals Fatah as the dominant Palestinian political party, that means the destruction of Israel. For Benjamin Netanyahu’s Israel, it means a two-class society in which Palestinians are crowded into shrinking geographic areas and lack many basic rights.

The result is the worst fighting since 2014.

“It would seem as if the current round of violence emerged out of a complex series of events in Jerusalem,” Vox’s Zack Beauchamp wrote. “But in reality, these events were merely triggers for escalations made almost inevitable by the way the major parties have chosen to approach the conflict.”

I recognize that some readers are deeply versed in the Israeli-Palestinian conflict, with strong views about it. And they may bristle at the above description as false equivalence. But I also know that most readers of this newsletter do not follow every turn in the Mideast and often find it bewildering. Today’s newsletter is mostly for them. It will lay out the basic arguments that the two sides are making. When you strip both down to their essence, they help to explain the situation.

to evict six Palestinian families from their East Jerusalem homes, where they have lived since the 1950s. The settlers have cited a 19th-century real-estate transaction to establish their ownership. Initial Israeli court rulings upheld the evictions, and the Supreme Court has yet to rule on the case.

It is just one example of how Israel has imposed control over places where Palestinians have lived for decades. As The Times’s Patrick Kingsley has written, “Israeli law allows Jews to reclaim ownership of land they vacated in 1948, but denies Palestinians the right to reclaim the properties they fled from in the same war.” Netanyahu and his allies believe that they can reduce the chances of a future Palestinian state by displacing Palestinians and expanding Jewish settlements. It’s a version of imperialism.

More broadly, the East Jerusalem case is an example of how Palestinians must endure frequent humiliation. They often cannot travel without enduring checkpoints and roadblocks. They can be denied Israeli citizenship. Their economy suffers from blockades. “The Israeli regime implements laws, practices and state violence designed to cement the supremacy of one group — Jews — over another — Palestinians,” B’Tselem, a human rights group, has written.

These inequities fuel Palestinian anger, which occasionally explodes. When it does, Israel’s military strength, financed partly by the U.S., allows it to inflict disproportionate damage. Over the past eight days, more than 200 Palestinians have died in the fighting, compared with at least 10 people in Israel.

Refaat Alareer, a professor in Gaza, has lost his brother, and his wife, Nusayba, has lost her grandfather, brother, sister and sister’s three children, all in Israeli attacks over recent years, as he explained in a Times Opinion piece. This toll, Alareer writes, makes him and his wife “a perfectly average Palestinian couple.”

a growing number of American progressives — see it as using military force to perpetuate a brutally unjust society. The best hope for change, many Palestinians believe, is pressure from Israel’s most important ally, the United States.

Netanyahu said on CBS this weekend. “You know damn well what you would do.”

Israel’s answer is both defense and offense. It has built a defense system known as Iron Dome, which has intercepted many missiles. And Israel has launched bombing attacks on the buildings and underground tunnels where Hamas stores its missiles. The point of the bombings is to degrade the Hamas threat.

Israel insists that it tries to minimize Palestinian civilian deaths, going so far as announcing some bombings in advance, even though Hamas fighters can then escape. But Israel says that Hamas deliberately stores missiles near civilians, knowing that the resulting casualties help it win global sympathy.

That tactic is consistent with decades of Palestinian political dysfunction. When the United Nations proposed a two-state solution in the 1940s, Arabs rejected it, David Harris recently wrote in The Times of Israel. When Arab countries controlled Palestinian territories in the 1950s and ’60s, they could have created a nation and did not. When Israel and President Bill Clinton offered a two-state peace deal two decades ago, the Palestinians said no.

to empower competent political leaders, rather than militants like Hamas. Israel can’t make a peace deal, its supporters say, until it has a partner more interested in building a prosperous society than trying to destroy Israel.

Before this conflict started, an optimist could imagine how the next few years might bring progress. Israel and four Arab nations recently established diplomatic relations, a breakthrough that could eventually offer a framework for resolving the Palestinian question.

But the new fighting seems to be squelching most optimism. Major street violence between Israel’s Arab and Jewish citizens has broken out for the first time in years. It remains unclear when the missile attacks and bombings will stop or if they will instead escalate into a ground war. It also remains unclear when either the Israelis or Palestinians will have political leaders whose priority is peace.

For more:

spinning off the Warner properties, which include HBO and CNN, into a new company that is merging with Discovery Inc., which owns reality-based cable channels like HGTV and the Food Network. Nothing will change for consumers in the short term; the deal won’t close for another year, if regulators approve it.

Still, the news highlights how “traditional entertainment companies are struggling to keep viewers as the likes of Facebook, YouTube and TikTok draw big audiences,” Edmund Lee and John Koblin write in The Times. Bringing together two of the largest media companies “appears to be the quickest way to buy more eyeballs.”

Long term, consolidation often leads to higher prices for consumers. “It hints at a future with fewer, broader streaming options,” Jason Karaian, the editor of DealBook, said. Find more on what the deal means for your favorite shows.

play online.

Here’s today’s Mini Crossword, and a clue: Politician’s mistake (five letters).

If you’re in the mood to play more, find all our games here.


Thanks for spending part of your morning with The Times. See you tomorrow. — David

P.S. Abraham Lincoln became the Republican nominee for president 161 years ago today. “The youngster who, with ragged trousers, used barefoot to drive his father’s oxen and spend his days in splitting rails, has risen to high eminence,” The Times wrote.

You can see today’s print front page here.

Today’s episode of “The Daily” is about the U.S. economy. On “Popcast,” the rediscovery of Beverly Glenn-Copeland.

View Source