Top News:
Lara O'Reilly / Digiday:
Content recommendation company Taboola has bought rival Outbrain for $250M in cash and 30% equity; Taboola says it will hit $1B in revenue in 2019 — Outbrain and Taboola — the Ross and Rachel “will they, won't they” online advertising story of our times — could finally have its happy ending.
Discussion:
TechCrunch, CTECH, @larakiara, Adweek, Business Insider, Nieman Lab, Vox, The Drum, outbrain.com, TechCrunch, Ad Age, @richlightshed, @noahchestnut, Adweek, @bmorrissey, @jyarow, @ow, @jonrussell, @stefanhh, @jarroddicker, @djbentley, @jonrussell, @anthony, @carlhendy, @dylanparks, @baekdal, @rafat, @patriciamarsden, @thomasbcn, @reckless and MediaPost, more at Techmeme »
Wall Street Journal:
Sources: TheMaven, Sports Illustrated's new operator, is laying off 40+ employees and plans to hire as many as 200 contract workers in the coming months — Employees are expected to receive notice this week that their jobs are being cut — TheMaven Inc., which earlier this year licensed …
Discussion:
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Andrew Kirell / The Daily Beast:
CNN rejects an ad from the Trump 2020 campaign, saying it fails to meet ad standards because it disparages CNN and its journalists and makes false claims — The 30-second spot paints the president as a victim of Democrats and alleged “media lapdogs” like CNN.
Discussion:
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Judd Legum / Popular Information:
Facebook effectively allows lies in political ads because it considers them to be expressions of opinion and will not send them to fact-checkers for review — This is the online version of the Popular Information newsletter. You can get independent accountability journalism in your inbox every week.
Discussion:
BuzzFeed News, Politico, Business Insider, Fortune, Talking Points Memo, @reichenstein, @gwfrink3, @dhh, @juddlegum, San Diego Indivisible and Engadget, more at Techmeme »
Adam Satariano / New York Times:
EU's top court rules that an individual country can order Facebook to take down defamatory content and restrict global access to that material — Comments posted on the social network about an Austrian politician became a battle over the reach of European defamation laws on the internet.
Discussion:
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Wall Street Journal:
Sources: Fire TV has no deal yet to carry Disney+ because Amazon is pushing for the right to sell a percentage of the ad inventory on other Disney apps — Disney resists Amazon push for some of the ad revenue from entertainment giant's apps — Amazon.com Inc. AMZN .07% and Walt Disney Co. DIS -.69% …
Discussion:
Variety, The Streamable, The Desk, @jank0, @jank0, The Verge and Engadget, more at Techmeme »
Keith J. Kelly / New York Post:
Newsday is selling its free commuter paper, amNewYork, to Schneps Media, as it concentrates on its core Long Island audience — Newsday is selling its freebie commuter paper amNewYork, relinquishing its last toehold in the five boroughs as it concentrates on its core Long Island audience.
Discussion:
Talking Biz News, MediaPost, Newsday and Long Island Business News
Max Willens / Digiday:
McClatchy announces the Education Lab, a four-person team funded by nonprofits to cover education in the San Joaquin Valley out of the bureau of The Fresno Bee — In a bid to keep subscriber growth going, McClatchy is turning to issues-based reporting, aided by community nonprofits.
Discussion:
@niemanlab and @amlwhere
Charlotte Tobitt / Press Gazette:
FT says an independent review cleared its journalists of claims of collusion with investors when covering alleged irregularities at the fintech company Wirecard — An independent review has exonerated Financial Times reporters of colluding with investors over its reports on alleged irregularities …
Discussion:
Talking Biz News
Paul Resnikoff / Digital Music News:
American Federation of Musicians launches #BandTogether campaign, demanding that major studios improve payouts for musicians' work on streaming content — For those planning to meet Disney CEO Bob Iger at his book signing this evening (October 1st) in Glendale, CA, here's a pro tip: bring some earplugs.
Discussion:
CBS Los Angeles
Todd Spangler / Variety:
Vice Media agrees to acquire Refinery29 in a deal expected to close before the end of 2019; source: Vice is issuing mostly stock to Refinery29's shareholders — After months of talks, Vice Media sealed an agreement to acquire Refinery29, a bet by the two digital-centric media companies …
Discussion:
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Todd Spangler / Variety:
Whistle, a digital sports and entertainment startup, to buy Vertical Networks, a content studio founded by Elisabeth Murdoch focused on Snapchat original shows — Whistle, a digital sports and entertainment media company, reached a deal to acquire Vertical Networks, a content studio focused …
Discussion:
Business Insider, Deadline and The Wrap
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