Mediagazer: 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 (Dan Primack/Axios)

5:45 PM ET, October 7, 2021

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.

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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: @bmorrissey, @joshtpm, @joshtpm, @joshtpm, @kerrymflynn, @danprimack, @tombevanrcp, @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.

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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% …

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 and @marshallproj

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.

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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

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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 …

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

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: Editor and Publisher

Bloomberg:

Sources: Blackstone is in talks with Merck Mercuriadis, a former Beyoncé manager who runs UK-based Hipgnosis, to create a fund of ~$1B to buy music copyrights — - Buyout firm may give $1 billion in firepower to buy copyrights — Former Beyoncé manager behind booming market for song catalogs

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, @robinwauters, @eu_startups and Tech.eu

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

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