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Washington Post:
Elon Musk takes over Twitter and fires several top executives, including CEO Parag Agrawal, CFO Ned Segal, and policy head Vijaya Gadde — Musk's $44 billion deal to acquire the social media company closed on Thursday night. — SAN FRANCISCO — Elon Musk became Twitter's owner late Thursday …
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Todd Spangler / Variety:
Elon Musk pens an open letter to calm Twitter advertisers, arguing his goal is not “to make more money” and the service “cannot become a free-for-all hellscape” — Mega-billionaire Elon Musk, nearing the finish line in his rocky takeover of Twitter …
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Wall Street Journal:
Sources: ahead of Elon Musk's takeover, advertisers on Twitter are concerned about looser content moderation and potential conflicts of interest for car ads — Marketers worry about the Tesla CEO's stance on content moderation, potential conflicts in auto advertising if the Twitter deal completes
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Erik Wemple / Washington Post:
A reassessment of The New York Times' apology and James Bennet's firing after Sen. Tom Cotton's op-ed: Bennet was right and Publisher A.G. Sulzberger was wrong — Controversy over an op-ed by Sen. Tom Cotton (R-Ark.) consumed the New York Times in June 2020 and claimed the job of then-editorial page editor James Bennet.
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Defector:
Defector reports $3.8M in annual revenue, up from $3.2M in 2021, $3.7M in expenses, up from $3M in 2021, and 38K subscribers, who generated 95% of its revenue — Purpose of this report — Defector continues to have no outside investors and no intention of raising outside capital.
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Ashley King / Digital Music News:
Music streaming service LiveOne and its subsidiary Slacker say a ruling ordering them to pay SoundExchange ~$10M in royalties could cause financial ruin — Is Slacker headed for bankruptcy? The company says SoundExchange's $10 million judgment could destroy them.
David Gutman / The Seattle Times:
A Washington judge fines Meta $24.66M, the maximum possible amount, after finding the company intentionally violated campaign finance disclosure laws 822 times — Meta, Facebook's parent company, was fined nearly $25 million Wednesday for intentionally and repeatedly violating Washington's campaign finance laws.
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Ashley Carman / Bloomberg:
Spotify's contracts show podcasters who use SPAN, its programmatic ad marketplace, split revenue 50/50 and Spotify doesn't guarantee competitive ads won't run — Hey y'all. The sun finally came out in New York today. It's glorious, and it's Thursday. As always, replying to this email reaches an unmonitored inbox.
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Simon Owens's Media Newsletter, 9to5Mac and Castos
Benjamin Mullin / New York Times:
In an email, Chris Licht told staff that CNN will stop buying documentary films and original TV series and instead use long-form content produced internally — Acquired and commissioned documentary movies and TV shows like ‘Navalny’ and ‘Stanley Tucci: Searching for Italy’ are going away.
Daniel Finn / The Wire:
Q&A with Tom Mills, the author of The BBC: Myth of a Public Service, on the BBC's start in 1922, government relationships, rethinking the license fee, and more — No broadcaster in the world today can rival the cultural prestige of the UK's British Broadcasting Corporation (BBC).
Kaya Yurieff / The Information:
Twitter confirms the company shut down its Ticketed Spaces test indefinitely before Elon Musk's takeover — Before Elon Musk's takeover of Twitter, the company paused paid tickets to its live audio feature Spaces, the social network confirmed. “We've paused the Ticketed Spaces test indefinitely …
Agence France-Presse:
AFP and Twitter partner to elevate credible information in Spanish in Latin America, Spain, and the US, a month after announcing a deal for Portuguese in Brazil — AFP, one of the world's leading news agencies, and Twitter announced on Thursday a collaboration to identify …
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