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:
New York Times, Financial Times, The Week, @eugenesrobinson, @craigsilverman, Fortune, @michael_calia, @sherman4949, The Root, @stevekovach, @sherman4949 and @schwartzbcnbc
RELATED:
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:
@joshtpm, @joshtpm, @joshtpm, @kerrymflynn, @danprimack, @bmorrissey, @tombevanrcp, @alexweprin, @danprimack and @lachlan
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% …
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:
Variety, Tubefilter, @twitch, PC Gamer, Rock, Paper, Shotgun, @kellen_browning, @krisabetha, @gossithedog, 9to5Mac, Engadget, Light Reading, The Record, @zachbussey, @vahn16, @twitch, NME, Reuters, Video Games Chronicle, Insider, CNET, Protocol, ScreenRant and TechCrunch, 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, TechCrunch, Input, @knows0mething, musically.com, SuperJoost Playlist, NME, @bigjon06, MediaNama, Variety, @aliceavizandum, CNN, @adrianachechik, @cahlaflour, @toadsanime, @tolariancollege, Techdirt, @sinoc229, New York Times, Weekly Innovation Review, @rimmy_downunder, @tehmorag, The Wrap, The Daily Beast, @protocol, @tomwarren, @jamesliamcook, VICE, @vgc_news, The Creator Eye, @campuscodi, @scully1888, @mikko, @sinoc229, @vgc_news, @knows0mething, @sinoc229, BBC, New World Same Humans, PC Gamer, ScreenRant, Tubefilter, Wall Street Journal, The Guardian, Insider, Mediaite, Deadline, The Verge, UPI, NPR, Hit Points, Wired, Ad Age, CNET, New York Post, Metacurity, Game World Observer, Rock, Paper, Shotgun, 9to5Mac, Protocol, AppleInsider, Fast Company, Eurogamer.net, The Record and GamesIndustry.biz, more at Techmeme »
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:
Ad Age, Digiday, AdExchanger, Adweek, support.google.com and @foster_type, 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:
@marshallproj
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, NBC News, @pennylebyane, @lucas_shaw, ciobulletin's Newsletter, Engadget, Forbes and Insider
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, Hollywood Reporter, @rafat, @lanceulanoff, MediaPost, @ashkan, @nytmedia, @harrymccracken, @bmorrissey, @asharma, @sarafischer, @davidclinchnews, @sarafischer, @josephkapsch, @mhelft, @kerrymflynn, The Drum, WWD, Des Moines Register, Bloomberg, The Wrap, Deadline and Adweek
Mike Butcher / TechCrunch:
Webrazzi, a Turkish outlet that covers tech startups, acquires Tech.eu, a tech startup site founded in 2013 by a TechCrunch alum — Webrazzi, the main tech startup media title in Turkey, has acquired Tech.eu, the long-time tech startup site in Europe. The pooled entity of Webrazzi and Tech.eu …
Discussion:
@ardakutsal, @robinwauters, Tech.eu, @robinwauters and @eu_startups
Ben Hunte / VICE:
Sources: BBC won't renew membership in a diversity program run by LGBTQ charity Stonewall, which provides advice on creating an inclusive environment — LGBTQ staff at the BBC told VICE World News they are “super scared” by the implications of the decision. — BH
Discussion:
@benjamincohen, @amy_hoggart, @katesang, @robburl, @thomaspeachlib, @beninldn, @oneofthosefaces, @laelaps, @shahmiruk, @tfirstelizabeth and @1983jackhancock
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:
@perlberg
Tom Warren / The Verge:
UK's Sky unveils Sky Glass, a 4K TV in 43", 55", or 65" that uses Wi-Fi instead of satellite dishes, available as a standalone or as part of Sky Ultimate TV — Sky is transforming itself in the UK — British Satellite broadcaster Sky is moving away from the satellite dishes that have defined its TV service for decades.
Discussion:
The Streamable, Variety, Light Reading, @skyuk, Financial Times, @tomwarren, Wall Street Journal, BBC, Pocket-lint, CNET, CNBC, The Wrap, Bloomberg, Sky News, @tomwarren, TechRadar, @skyuk, Engadget and The Drum
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