Top News:
CNBC:
Ozy received $5.7M in PPP loans, most of which was specifically earmarked for payroll, but former employees whose pay was cut say they didn't see the money — - Ozy Media, which is under fire after several reports detailed questionable business practices at the company, took two separate PPP loans for a total of $5.7 million.
Discussion:
The Wrap, @thewrap, New York Times, Fortune, @sharonwaxman, @eugenesrobinson, @boltyboy, @michael_calia, @xeni, @eugenesrobinson, @sherman4949, The Root, @stevekovach, @sherman4949, Financial Times, @sidhubaba, @eugenesrobinson, @craigsilverman, New York Post, The Week, @schwartzbcnbc, @niemanlab, @bmorrissey, Insider and @nymag
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Dan Primack / Axios:
Sources: Ozy solicited investors this year by claiming GV, formerly Google Ventures, was going to lead a new funding round, though no such offer was made — Ozy Media might have a securities fraud situation that has nothing to do with its infamous conference call.
Discussion:
Forbes, @bmorrissey, @joshtpm, Fortune, @joshtpm, @kerrymflynn, @danprimack, @tombevanrcp, @joshtpm, @alexweprin, @danprimack and @lachlan
Sara Fischer / Axios:
Google and YouTube say they will prohibit ads and monetization on content that denies climate change, starting next month — Google and YouTube on Thursday announced a new policy that prohibits climate deniers from being able to monetize their content on its platforms via ads or creator payments.
Discussion:
support.google.com, Ad Age, TechCrunch, Insider, Bloomberg, Gizmodo, CNET, @odyseeteam, Wall Street Journal, Engadget, @evelyndouek, @txvoodoo, @getongab, @avaaz, Digiday, @domleondavis, AdExchanger, @richardgrenell, @cameronwilson, @heminator, @ketanj0, @foster_type, Search Engine Land, @alexlasrywi, Tubefilter, @adage, @rmac18, @philthatremains, @alexbruesewitz, @vivekgramaswamy, Adweek, @enrique_acevedo, @arielbogle, @heminator, @avaaz, @realsaavedra and New York Times, more at Techmeme »
The Marshall Project:
Marshall Project founder Neil Barsky is stepping down as board chair but will remain an adviser to the organization; Liz Simons will be the new board chair — Neil Barsky, founder of The Marshall Project, is stepping down as the organization's board chair after seven years.
Discussion:
New York Times, The Hill, @marshallproj, @marshallproj, @tommy_robb, @sulliview, @marshallproj, @jbenton and @marclacey
Megan Brenan / Gallup:
Survey: 36% of Americans have a great or fair deal of trust in mass media, the second lowest on record, while 34% have no trust at all — WASHINGTON, D.C. — Americans' trust in the media to report the news fully, accurately and fairly has edged down four percentage points since last year to 36% …
Discussion:
@tomgara, Fox News, @rachelwalexande, @bymikebaker, @rachelwalexande, @leszaitz, @jeff_jacoby, @danpfeiffer, @bymikebaker, New York Post, @broderick, @edgecliffe, @pbump, @attorneynora, @robertskvarla, @ggreenwald, @brucesiceloff, Deadline, @brianstelter, Mediaite, @isaiah_bb, @elisestefanik, @jonfavs, @michelleinbklyn, @robertbluey, @niemanlab, The Week and The Hill
Twitch Blog:
Twitch says a server configuration change left data exposed on the internet and let a third-party access its data — [10:30PM PT] We have learned that some data was exposed to the internet due to an error in a Twitch server configuration change that was subsequently accessed by a malicious third party.
Discussion:
Wired, ScreenRant, @twitch, @kellen_browning, @krisabetha, @doodybeardlive, @gossithedog, @zachbussey, @vahn16, @twitch, Tubefilter, PC Gamer, Variety, Light Reading, 9to5Mac, The Record, Rock, Paper, Shotgun, Reuters, Engadget, NME, Video Games Chronicle, Insider, VICE and Protocol, more at Techmeme »
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Chris Scullion / Video Games Chronicle:
Twitch acknowledges a “breach” after a 4chan user leaks its source code, creator payouts from 2019-2021, proprietary SDKs, internal AWS services, and more
Discussion:
@twitch, @knows0mething, Insider, TechCrunch, Input, NME, SuperJoost Playlist, musically.com, @bigjon06, MediaNama, Variety, @aliceavizandum, @adrianachechik, @cahlaflour, @toadsanime, @tolariancollege, CNN, @sinoc229, Techdirt, @rimmy_downunder, @tehmorag, Weekly Innovation Review, @protocol, @tomwarren, @jamesliamcook, The Daily Beast, The Wrap, @vgc_news, @campuscodi, @scully1888, @mikko, @sinoc229, @vgc_news, @knows0mething, @sinoc229, VICE, The Creator Eye, New World Same Humans, BBC, PC Gamer, ScreenRant, Tubefilter, Wall Street Journal, The Guardian and Mediaite, more at Techmeme »
Steve Anderson / The Streamable:
Kantar: paid streaming service churn was at 6% in Q2 2021, down from Q1's 8%; Netflix and Amazon Prime Video were lowest at 4%, while Peacock was at 13% — Churn is pretty much inevitable for streaming services. As viewers consume new content and find themselves less than enthralled …
Discussion:
MediaPost
Oriana Gonzalez / Axios:
In a letter, over 100 prominent Latin American figures urge NYT's publisher to keep producing Spanish-written opinion journalism for its NYT en Español division — Over 100 prominent figures in Latin America are urging The New York Times' publisher to not stop publishing Spanish …
Discussion:
@caidadelatorre, Editor and Publisher, @aaronsguerra, @andresdcmtz and @elopezgross
Reuters:
YouTube says it has removed R. Kelly's official channels following his conviction for sex trafficking, though his music catalog will remain on YouTube Music — Alphabet Inc's (GOOGL.O) YouTube said it has removed R&B singer R. Kelly's channels from its video platform, distancing itself …
Discussion:
Bloomberg, The Root, @pennylebyane, @lucas_shaw, ciobulletin's Newsletter and NBC News
Todd Spangler / Variety:
IAC's digital publishing arm Dotdash acquires Meredith, publisher of People and other magazines, in a $2.7B all-cash deal — Meredith, the media company home to publications including People, EW, Better Homes & Gardens and InStyle, will become part of Dotdash, the digital publishing division …
Discussion:
New York Times, Wall Street Journal, Axios, @rafat, @lanceulanoff, @ashkan, @nytmedia, MediaPost, Hollywood Reporter, @harrymccracken, @bmorrissey, @asharma, @sarafischer, @davidclinchnews, @sarafischer, @josephkapsch, @mhelft, @kerrymflynn, The Drum, WWD, Des Moines Register, Bloomberg, The Wrap, Deadline and Adweek
Bloomberg:
Sources: Blackstone is in talks with Merck Mercuriadis, a former Beyoncé manager who runs UK-based Hipgnosis, to create a ~$1B fund to buy music copyrights — - Buyout firm may give $1 billion in firepower to buy copyrights — Former Beyoncé manager behind booming market for song catalogs
Discussion:
@lucas_shaw and Hits Daily Double
Steven Perlberg / Insider:
Recurrent Ventures, owner of Popular Science and MEL, raises $75M from North Equity and expects to make 2-4 acquisitions in 2021 and nearly a 30% profit margin — - Recurrent Ventures, which owns MEL and Popular Science, has raised a total of $100 million to date.
Discussion:
@joshsternberg, @perlberg and @jaredbkeller
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