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Good media morning to you. Its Tuesday, June 01, 2021 and this is your Media Morning Today:       

CNN is working on a news streaming service internally known for now as "CNN+"... There is speculation that after Warner-Discovery becomes one, the new company may end up merging with NBC-Universal... Facebook and Google agree to pay Australian media group for news... Reuters puts its paywall plans on hold... Fortune Magazine's editor in chief Clifton Leaf is out...These BIG stories and more for your Media Morning Today.

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 CNN IS WORKING ON A STREAMING SERVICE AND YES, FOR NOW, ITS KNOWN AS CNN+
The service, known internally by the working title CNN+, is slated to feature new shows from the network’s major anchors, including Anderson Cooper and Don Lemon. The network’s effort coincides with recent moves by cable and broadcast competitors to bulk up streaming offerings as viewers shift away from traditional television.


 PREDICTIONS: MEDIA MERGERS THAT WOULD MAKE THE MOST SENSE
There’s already speculation about a potential future merger between the newly created WarnerMedia-Discovery entity (assuming the deal closes) and NBCUniversal. Discovery’s controlling shareholder John Malone said on CNBC how the combined company could be open to a future merger with NBCUniversal if regulatory forces would allow it.


 FACEBOOK AND GOOGLE TO PAY AUSTRALIAN MEDIA GROUP 'NINE' FOR NEWS CONTENT
Nine has struck deals with tech giants Google and Facebook that will mean it gets paid for its news content. The media company announced the deals in a statement to the ASX on Tuesday. Facebook will pay Nine for news video clips and access to digital news articles on Facebook news products. The deal will initially last for up to three years.


CONDE NAST PLANS TO BRING STAFFERS BACK TO 1 WORLD TRADE CENTER HQ BY SEPTEMBER
The publisher plans to bring a “majority” of its workers back to its 1 World Trade Center headquarters by September, the company has said. And it’s started paying rent again as a result, Media Ink has learned — even as it continues to withhold the roughly $10 million it currently owes in back rent.


 HOW AN EXECUTIVE ORDER IS SAVING NEW YORK CITY'S LOCAL NEWS OUTLETS
In May 2019 Mayor Bill de Blasio signed an executive order requiring city agencies to direct at least half their budgets for digital and print advertising to community newspapers and websites. These media outlets are often their communities’ most trusted sources of information. They publish in more than 30 languages throughout the five boroughs. It has been a resounding success.


GOOGLE AND FACEBOOK COMPLY WITH INDIA'S NEW IT RULES
India’s new IT rules, unveiled in February this year, require firms to appoint and share contact details of representatives tasked with compliance, nodal point of reference and grievance redressals to address on-ground concerns. 


REUTERS PUTS PAYWALL ON HOLD
Reuters News postponed the launch of its website paywall following a dispute with financial data provider Refinitiv over whether the move would breach a news supply agreement between the two companies. Reuters, a unit of Thomson Reuters Corp had been planning to start charging for news on Reuters.com from June 1.


AMC RAISES $230 MILLION FOR ACQUISITIONS
Exhibition giant AMC Theatres, led by CEO Adam Aron, has struck a deal to raise more than $230 million for possible theater acquisitions and investments to make its cinema circuit more appealing to consumers as it looks to strengthen its business outlook after the coronavirus pandemic.


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 FORTUNE MAGAZINE'S EDITOR IN CHIEF CLIFTON LEAF IS OUT
Fortune editor in chief Clifton Leaf is leaving the publication, and Brian O’Keefe has been named acting editor. The publication has been pivoting under a new owner, with just six print editions scheduled for 2021, down from 2020. It’s been focusing on its online content and its events. Leaf was the 18th editor since Fortune was founded in 1930 by Henry R. Luce.


VIDEO GAME NEWS SITE KOTAKU INSTALLS NEW EDITOR IN CHIEF 
Patricia Hernandez will be video game news site Kotaku’s next editor in chief. Hernandez will be leaving gaming site Polygon, where she is currently culture editor, and will begin her new role June 2. Kotaku was Hernandez’s first job out of college, where she worked for almost six years, making her way from freelancer to a full-time staff writer and eventually deputy editor.

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