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July 24 — A hopeful application of generative AI is to boost productivity, integrating into existing tools and new ones. One startup, instead, wants to focus on building a platform for organizing creativity.

Driving the news: Social platform Sane has raised $1.27 million in pre-seed funding, CEO Ida Josefiina exclusively told Kerry.

Read the rest of the article and Monday's newsletter

Plus: Monday's Pro Rata, on Twitter's X rebrand

1. Sanity for the internet

Sane's discovery stream alongside co-founders, Tiina Peuna and Ida Josefiina. Photos: courtesy of Sane

July 24 — TitletownTech, a venture capital firm launched by the Green Bay Packers and Microsoft, raised $70 million for its second fund.

Why it matters: The Packers are part of a small but growing number of professional sports teams that have added the title of "investor" in an effort to expand their influence, Tim wrote.

2. Packers' $70M touchdown

Illustration of a football with a dollar sign for laces

July 25 — Stark disparities in salaries and tenure exist between white newsroom workers and people of color at Forbes, according to a union study obtained by Axios.

Why it matters: The study results come as Forbes' union and management continue to battle for a contract, and they bolster the union's concerns about inclusivity that it's raised since joining the NewsGuild of New York in 2021, Sara and Kerry wrote.

Read the rest of the article and Tuesday's newsletter

Plus: Tuesday's Pro Rata, on venture firms increasing AI-specific efforts

3. Forbes' pay equity issues

July 26 — Despite the eye-popping success of last weekend's "Barbie" and "Oppenheimer" debuts, the world's largest movie theater chain is fighting to avoid bankruptcy.

Why it matters: That AMC's dire financial picture made headlines after the biggest box office weekend in four years perfectly encapsulates the chaos that is currently gripping Hollywood, Tim wrote.

Read the rest of the article and Wednesday's newsletter

Plus: Wednesday's Pro Rata, on the Treasury's Chinese investment demand

4. Not exactly a Barbie dreamhouse

July 27 — CoVenture partner Brian Harwitt says he immersed himself in the creator economy when his best friend and his brother's girlfriend both blew up on TikTok during the pandemic. He dined with Kerry this month as part of our "1 big meal" interview series.

Why he matters: Harwitt joined CoVenture, which provides debt financing to tech startups, in 2016 as its first employee. He met and interned with founder Ali Hamed in college and worked a stint at Guggenheim Partners.

Read the rest of the article and Thursday's newsletter

Plus: Thursday's Pro Rata, on recent power moves in D.C.

5. CoVenture partner Brian Harwitt

Photo illustration of Brian Harwitt on top of a checkered tablecloth pattern surrounded by a fork and knife.

CoVenture partner Brian Harwitt. Photo illustration: Axios Visuals. Photo: courtesy of CoVenture

July 27 — Beeyond Media, a Miami-based programmatic digital out-of-home advertising demand-side platform, has raised $10 million in seed funding, CEO Alejandro Donzis told Kerry.

Why it matters: Digital out-of-home (DOOH) has the highest growth rate of ad spend, expected to grow 26.1% to $13.3 billion this year, according to ad agency GroupM.

6. Beeyond Media, bringin' the heat, DOOH

Illustration of a one hundred dollar bill on a billboard

Happy Friday, media readers. Research associate Natalie Breymeyer here with your weekly digest.

🍿 Situational awareness: Cineworld will formally exit Chapter 11 bankruptcy on Monday. As part of the process, the company has filed for administration in the U.K. and suspended trading on the London Stock Exchange.

🌞 Natalie is looking forward to going on walks this weekend now that all the wild blackberry bushes in Western Washington are finally ripening.

✏️ Thanks to Katie Lewis for copy editing this newsletter.

🙏 Thank you for reading Axios Pro Media Deals! Please ask your friends and colleagues to sign up.

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July 28, 2023

1. Sanity for the internet