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5:00 PM ET, September 29, 2023

Mediagazer

 Top News: 
Benjamin Mullin / New York Times:
Letterboxd's founders sell a majority stake to Victoria-based Tiny; a source says the deal values the film-focused social network with ~10M users at $50M+  —  Two designers from New Zealand built a wildly popular social network for movie buffs.  Now, they're cashing in (and sticking around for the sequel).
Todd Spangler / Variety:
FilmRise acquires worldwide digital media rights to a library of content from BuzzFeed Studios, with 1,200+ hours of content including past episodes of Hot Ones  —  Older episodes of Sean Evans' “Hot Ones,” the hit YouTube series in which celebs try to ingest increasingly spicy buffalo wings, has a new home.
The Information:
Sources: Jasper, which offers an AI writing tool for marketers, cut its $140M ARR projections for 2023 by 30%+ and its internal valuation by 20% from $1.5B  —  Jasper AI, an early darling of the generative artificial intelligence boom, has cut the internal value of its common shares 20% …
Taylor Lorenz / Washington Post:
A history of Vine's failure to build relationships with its top creators, who Vine leadership resented for gaming the app's ranking algorithm and their humor  —  The wildly popular video app's contentious relationship with its own power users offers a cautionary tale for social platforms
The Marshall Project:
The Marshall Project launches its second local news operation in Jackson, Mississippi, with two reporters starting October 2  —  Two journalists will produce enterprise and investigative journalism for audiences across Mississippi, including those affected by its criminal justice system.
Amanda Zamora / The 19th:
Amanda Zamora says she will step down as publisher of The 19th at the end of 2023 and continue working on The 19th News Network as an advisory director  —  After more than four and a half years with The 19th, Amanda Zamora will step down as publisher at the end of this year.  —  Co-founder and Publisher
Amanda Silberling / TechCrunch:
X CEO Linda Yaccarino says that the company has paid out nearly $20M to creators; Elon Musk said in July 2023 that the first payments totaled $5M  —  The company formerly known as Twitter has paid out nearly $20 million to creators, according to a post from X CEO Linda Yaccarino.
Washington Post:
The Supreme Court agrees to hear two cases concerning whether Florida and Texas can restrict social media companies from removing political posts or accounts  —  The justices announced Friday which cases they will add to their calendar for the term that begins Monday
Bob Sillick / Editor and Publisher:
A look at Agenda Watch, built by Stanford's Big Local News, which scrapes public agencies' documents to help reporters on city hall, police, and schools beats  —  A journalist's job can be exciting: uncovering a critical lead for a new story or elbowing aside a gaggle of other media pros to question a government official.
Naomi Clarke / The Independent:
GB News presenter Calvin Robinson says he has been suspended for defending Dan Wootton online, making him the channel's third suspended presenter  —  Robinson hosts a religious current affairs programme on the channel. … GB News presenter Calvin Robinson has said the broadcaster has suspended …
 
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 More News: 
Nieman Lab:
Two experts warn generative AI could threaten press freedom by deepening media dependence on tech companies and urge journalists to develop power to shape AI
Brian Steinberg / Variety:
AMC Networks launches an ad-supported AMC+ tier for $4.99/month, featuring fewer than five minutes of ads per hour and the same programming as the ad-free tier
Sarah Scire / Nieman Lab:
Q&A with Society of Professional Journalists' treasurer, Israel Balderas, as membership numbers and revenue dwindle; its foundation still has ~$14M in the bank
 Earlier Picks: 
Drew Richardson / CNBC:
After Media Matters found NFL ads placed on white nationalist X accounts, the NFL “immediately expressed our concerns to X to understand and rectify the issue”
Emma Roth / The Verge:
Google lets publishers use a robots.txt flag to opt out of the company using their data to train its AI models, while remaining accessible through Google Search