Plus, behind the secret partnership that set Trump on a course of confronting Iran and currying favor with Russia; Streisand signs with Netflix; and the pain and joy of the side hustle.
Donald Trump and Kim Jong-un made history just by shaking hands. In a carefully choreographed encounter, the brash, impulsive leaders of two countries that have technically been at war for the past 70 years strode toward each other, arms extended, in the red-carpeted reception area of a Singapore hotel — the first time a sitting American president and North Korean leader have ever met. Keep up with live updates here; here’s how the summit was playing on North Korean media. Meanwhile, here are the nine steps necessary to really disarm North Korea. [Mark Landler / The New York Times]
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Whatever happens today with the AT&T and Time Warner merger decision, the media landscape is in for a seismic change. If a federal judge approves that acquisition deal, Comcast will formalize its offer to acquire most of 21st Century Fox on Wednesday. Again, we ask: If everyone who’s in the media business wants out, why does anyone want to buy? [Peter Kafka / Recode]
After a year at Uber, high-profile executive Bozoma Saint John has left the company to be chief marketing officer for Endeavor, one of the world’s leading talent agencies. Saint John was brought into Uber by board member Arianna Huffington, but was never made head of marketing there; instead, she was in charge of its brand efforts. Her departure underscores the now near-absence of women at the top echelons of Uber management; the company is still looking for a CMO, a CFO and a head of product. [Kara Swisher / Recode]
Advertisers spent $314 million on podcast ads in the U.S. last year — which is peanuts compared to things advertisers care about, like a $68.5 billion spend on TV, $22.8 billion on internet search ads and $11.9 billion on internet video ads. But one of the reasons podcasts are fun to listen to is because the podcast ad business is so tiny. [Peter Kafka / Recode]
Barbara Streisand is the latest star to sign a big deal with Netflix, licensing six vintage TV specials from the 1960s to 2001 to the streaming giant, along with an expanded version of her 1976 remake of “A Star Is Born” (yet another remake, starring Bradley Cooper and Lady Gaga, hits screens in October). [Cynthia Littleton / Variety]
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