* Snap Inc. bought Placed, a location-based analytics and ad measurement startup, according to an official blog post. While financial terms of the deal were not disclosed, Bloomberg News cited sources who said the deal price was about $125 million.
* U.S. District Judge Sue Myerscough imposed a $280 million fine on DISH Network Corp. in a lawsuit over telemarketing violations, Bloomberg News reports. DISH will reportedly pay $168 million to the federal government and $84 million to California, Illinois, North Carolina and Ohio for making robocalls to people on do-not-call lists.
* The U.S. Supreme Court has agreed to hear a case centered on whether government agencies, including law enforcement, should be required to get a warrant before obtaining cell phone location records. The case, Carpenter v. United States, goes back several years to a string of armed robberies at various cell phone stores in and around Detroit.
* Sprint Corp. and T-Mobile US Inc. could opt for an all-stock transaction if the companies agree to merge, Bloomberg News reports, citing sources. According to the report, parent companies Deutsche Telekom AG and SoftBank Group Corp. have yet to decide about merging the two companies, and Sprint and T-Mobile are also in talks with other potential merger partners.
* Verizon Communications Inc. could pursue a $100 million investment in Pandora Media Inc. if the streaming radio company's talks with Sirius XM Holdings Inc. fail to materialize into a deal, WirelessWeek.com reports. The transaction could let Verizon access data from Pandora's 80 million users.
* Hearst Corp. purchased the Connecticut print and digital assets of 21st Century Media Newspaper, part of Digital First Media. The transaction, financial details of which were not disclosed, includes three daily newspapers — the New Haven Register, Middletown Press and Register Citizen — as well as eight weekly newspapers, niche publications and Connecticut Magazine, the company said.
* Apple Inc. has cooperated with the British government in investigating terrorist attacks, Bloomberg News reports, citing company CEO Tim Cook. Without offering details, Cook said in an interview on Bloomberg Television (US) that the company has helped whenever it had the information and the government went through the lawful process.
* As expected, Apple unveiled its first connected home speaker alongside updates to the iPad, Watch operating system and other products and services at its annual developer conference in San Jose, Calif. The new speaker, called HomePod, will be available December in white and space gray for $349. Also at the event, the tech giant reported 27 million paid subscribers for Apple Music, TechCrunch.com reports.
* In more news from the WWDC 2017 event, Apple will launch iOS 11, the latest update for its mobile operating system, later this fall. The iPhone manufacturer also launched a redesigned App Store and is set to launch a new desktop operating system, macOS High Sierra, later this month. Apple also updated its iMac desktop and MacBook laptop product lineups.
Regulation & Policy
* Proposals to regulate online services provided by companies such as Facebook Inc., Alphabet Inc. and Twitter Inc. have been criticized as a "short-sighted" move in the fight against extremism. A day after the third major terrorist attack in the U.K. in three months, British Prime Minister Theresa May laid out plans to introduce legislation denying terrorists and extremist sympathizers digital tools used to communicate and plan attacks.
* Amazon.com Inc. expanded its Twitch Prime service to more than 200 countries and territories. Twitch Prime, which was initially available to Amazon Prime members in the U.S., Canada, Italy, France, Germany, Belgium, Austria, Spain and the U.K., is included with Prime Video at an introductory price of $2.99 per month for the first six months and $5.99 afterward, according to a news release. Twitch is a social video platform for gamers offering both live and on-demand content.
Film & TV Programming
* For investors, fears about ESPN (US) are eclipsing blockbuster growth elsewhere for Walt Disney Co. Disney's corporate revenue growth has slowed along with its media networks segment, even as the company has seen stronger trends in studio entertainment, parks and resorts, and consumer products and interactive media.
The Daily Dose Asia-Pacific: IOS 11 to bring major payment updates; Amazon India scores Warner Bros. deal: Apple said at its June 5 WWDC developers conference that it will launch iOS 11 with major updates to its payment capabilities later this fall, while Amazon India secured a long-term content deal with Warner Bros.
The Pay Check: The 2016 pay packages of the CEOs of Live Ventures Inc. and Autobytel Inc. are among those included in the latest installment of The Pay Check.
The week in OTT: Hulu to sponsor 19 NASCAR races; Netflix cancels 'Sense8': Hulu LLC will be the primary sponsor for 19 NASCAR races in 2017, while Netflix Inc. canceled original series "Sense8" after two seasons.
M&A Replay: A+E Networks buying NBCUI's stake in German JV; Candy deal closes: S&P Global Market Intelligence provides a wrap-up of U.S. media and communications deal announcements and completions from May 29 to June 2.
M&A Replay: European deals through June 2: Comcast, SoftBank, Hutchison: S&P Global Market Intelligence provides a wrap-up of European media and communications deal announcements, completions and updates from May 26 to June 2.
The Program Guide: Global edition: Manchester benefit concert aired worldwide; Netflix axes 2 shows: The Program Guide's global edition highlights recent programming announcements from various networks and online video platforms around the world.
Economics of Networks: Tennis Channel and Z Living are the fastest growing nets in first half of 2017: As the multichannel universe contracts, it's becoming harder for mature cable networks to grow subscribers.
Best of SNL: Kagan research and analysis, editor's picks: Presenting the editor's top picks from Kagan's exclusive research and analysis for the week ended June 2.
Economics of Advertising: Non-Nielsen-rated movie nets rebound with higher April coverage ratings: Most of the non-Nielsen Holdings-rated movie networks across the genres tracked by Kagan using data from comScore Inc.'s TV Essentials exhibited an improvement in coverage ratings for the month of April.
Global Multichannel: Q1'17 Canada multichannel results show revenue growth at a standstill: Revenue growth remains elusive for the Canadian multichannel sector as video subscriber losses keep broadband gains in check. At nearly 42%, however, margins remain as robust as ever.
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