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1:10 PM ET, August 29, 2023

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 Top News: 
Leo Schwartz / Fortune:
In a first, the SEC charges Impact Theory with offering unregistered securities by selling NFTs; the LA-based entertainment company agreed to pay a $6.1M fine  —  Gary Gensler, chair of the Securities and Exchange Commission  —  In an enforcement action announced on Monday …
Elizabeth Wellington / The Philadelphia Inquirer:
Condé Nast names Jamila Robinson, the assistant managing editor for food and culture at The Philadelphia Inquirer, as the EIC of Bon Appétit and Epicurious  —  Jamila Robinson, assistant managing editor for food and culture at The Inquirer, is leaving to become the editor …
Sara Fischer / Axios:
TechCrunch acquires Connie Loizos' media startup StrictlyVC, which has 60K newsletter subscribers, and appoints Loizos as editor-in-chief and general manager  —  TechCrunch, the digital tech and business publication owned by Yahoo, has acquired StrictlyVC, a media startup, from longtime Silicon Valley journalist Connie Lozois.
Charlotte Klein / Vanity Fair:
MSNBC is drawing in major ratings, having emerged as the go-to network for coverage of Donald Trump's criminal charges just as Fox News and CNN face instability  —  The network's mix of weighty reflection, analysis, and schadenfreude is drawing in major ratings, surpassing Fox News and CNN …
Joe Pompeo / Vanity Fair:
An interview with Columbia Journalism School Dean Jelani Cobb about tuition reform, including his goal of paying the full cost for low-income students, and more  —  The celebrated New Yorker staff writer sat for a wide-ranging interview to kick off his second year as Columbia Journalism School's first Black dean.
Oliver Darcy / CNN:
Disney, Bloomberg, WaPo, The Atlantic, Axios, ABC, ESPN, Condé Nast, Hearst, Vox, and others join the NYT and Reuters in blocking OpenAI's GPTBot web crawler  —  Editor's Note: A version of this article first appeared in the “Reliable Sources” newsletter.
Max Tani / Semafor:
Source: the Washington Post has quietly laid off top marketing staffers, program managers, and product designers at Arc XP, its technology arm  —  The Scoop  —  The Washington Post has quietly laid off staff from Arc XP, the technology arm of the paper that Post leadership had previously considered selling or spinning off.
Discussion: @semaforben
Todd Spangler / Variety:
Fox Sports signs a deal to use Google Cloud's generative AI to search footage from 1.9M videos and produce new TV, social, and marketing content quickly  —  Fox Corp.'s Fox Sports is turning to generative artificial-intelligence to help its staffers more rapidly generate content from millions of hours of its archived games footage.
Pamela McClintock / The Hollywood Reporter:
US National Cinema Day on August 27, when tickets cost $4 at 3,000+ theaters, resulted in 8.5M tickets sold and $34M in sales, up 16% from August 20  —  Thousands of theater owners across the U.S. and Canada slashed their ticket prices to $4 on Aug. 27 in honor of the second annual National Cinema Day.
Discussion: Variety, Media Play News, The Wrap and CNN
Reuters:
A look at Disney shifting its India strategy to free cricket on mobile, hoping to boost ads, after the unit reported a $41.5M loss on $390M revenue in FY 2022  —  Walt Disney (DIS.N) is attempting to revive the fortunes of its streaming business in India by offering free cricket on smartphones …
Olivia Balsamo / NBC News:
A look at Kick, a Twitch rival launched in 2022 that is attracting top creators with lucrative contracts, looser moderation policies, and a 95/5 revenue split  —  Kick has quickly become a major threat to Amazon's Twitch streaming platform.  —  Amazon's Twitch has helped build the careers …
more at Techmeme »
Charlotte Tobitt / Press Gazette:
LGBTQ+ outlet Pink News shifts towards ad agency partnerships, after its social media revenue fell 50%+ from 2022, when social accounted for ~80% of its revenue  —  Pink News has seen “hockey-stick-like growth” in its direct sales activity this year.  —  LGBTQ+-led brand Pink News has carried out a …
 
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 More News: 
Josef Adalian / Vulture:
WBD's Max will stream seven AMC+ shows from September 1 to October 31 as AMC seeks to maximize its reach; source: no money is involved in this marketing effort
Brian Steinberg / Variety:
NBC News says that Kristen Welker will take over as Meet the Press' moderator on September 17, 2023; Welker will be the series' 13th, and first Black, moderator
 Earlier Picks: 
Michael Geist:
Canada's Bill C-18 is set to take effect no later than December 19, 2023, but the country's broadcast regulator suggests media bargaining can't begin until 2025
 

 
From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November
 
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