Top News:
Max Tani / Semafor:
Forbes journalists say some sources are reluctant to share sensitive information due to Forbes' new reported ownership by Russian businessman Magomed Musaev — The Scoop — Forbes journalists have told the publication's management that some sources are refusing to share sensitive information …
RELATED:
Sara Fischer / Axios:
Sources: owners of Forbes give Austin Russell two more weeks to finalize his $800M Forbes bid; Russian executive Magomed Musaev denies investing in the deal — Austin Russell, the 28-year-old Luminar Technologies CEO who is seeking to buy Forbes, has requested an extension of a Nov. 1 deadline …
Discussion:
Talking Biz News
New York Times:
KKR completes its $1.62B Simon & Schuster acquisition, marking a major shift in the publishing industry; KKR plans to introduce an employee profit-sharing model — The process of selling Simon & Schuster has been long and tumultuous, and was waylaid by an earlier antitrust suit.
Discussion:
Deadline, The Wrap, Publishers Weekly and MediaPost
Ryan Bort / Rolling Stone:
Israel denies press credentials to seasoned conflict reporter Jesse Rosenfeld after critical coverage and says “Rolling Stone is not a news organization” — The Netanyahu administration has denied a press credential to Jesse Rosenfeld, who has reported on the prime minister and the war
Samuel Earle / The Guardian:
A profile of Paul Marshall, GB News co-owner and founder of UnHerd, one of the biggest websites for political commentary in the UK, as he bids for The Telegraph — UnHerd has quickly become one of the biggest sites for political commentary in the UK, and now the hedge fund founder behind it …
Discussion:
Broadband TV News
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Mark Stenberg / Medialyte:
Brands removing ads from critical event coverage, like the Israel-Hamas war, leads to inefficient monetization of news publishers' coverage of these news cycles — A song to read by: “Kid Charlemagne,” by Steely Dan — What I'm reading: “The Rachel Papers,” by Martin Amis — The week that was
Discussion:
Simon Owens's Media Newsletter
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Dan Milmo / The Guardian:
The Guardian says its reputation was damaged after Microsoft Start placed an AI-generated poll about a woman's death next to the outlet's article about her — Publisher says poll speculating on cause of woman's death that appeared next to Guardian article caused ‘significant reputational damage’
Discussion:
@quinnypig, The Verge, @otfrom@functional.cafe, @alexbruell, @chrismoranuk and @alexbruell, more at Techmeme »
Katie Robertson / New York Times:
News Media Alliance study: developers rely on articles more than generic web content to train LLMs; the NMA says this shows that AI companies violate copyright — The News Media Alliance, a trade group that represents newspapers, says that A.I. chatbots use news articles significantly more than generic content online.
Discussion:
News/Media Alliance, more at Techmeme »
Taylor Lorenz / Washington Post:
A look at some of the creators who report and aggregate news on TikTok, YouTube, Instagram, and more, as people under 35 move away from traditional news outlets — One recent study concluded consumers are looking for news that “feels more relevant,” giving a boost to creators on social media
Jesús Rodríguez / Washington Post:
A profile of Punchbowl News co-founder Jake Sherman, whose play-by-play posts on X about Capitol Hill's dramas feed DC's bottomless appetite for fresh intel — Jake Sherman wanted the world to know about his team's latest scoop. — BREAKING NEWS: DIANNE FEINSTEIN HAS PASSED AWAY AT 90, he wrote on X.
Discussion:
@pkafka, @brianstelter, @kheller, @froomkin, @laurachapin, @kvanvalkenburg, @tvietor08, @charliemagne, @samjmintz, @andrewfeinberg and @protecttruth_
Mia Sato / The Verge:
TikTok and DistroKid sign a deal to bring songs by independent artists to TikTok Music; DistroKid artists already have the option to add their music to TikTok — Independent artists using DistroKid to share their music will now have another avenue on TikTok.
Discussion:
TechCrunch and Music Business Worldwide
Artnet News:
Three Artforum editors quit after the EIC was fired; artists and art writers have pledged not to write for Penske-owned Artforum, ARTnews, and Art in America — Artists and writers have signed a petition to boycott the publication alongside others owned by Penske Media.
Discussion:
@benmullin, @djrupture and @zacharyhsmall
Jillian Deutsch / Bloomberg:
Meta plans to offer an ad-free option for Instagram and Facebook in the EU, EEA, and Switzerland, charging €9.99/month on the web or €12.99/month on mobile — - Plans cost €9.99 per month on the web, €12.99 on mobile — The model follows increasing EU regulations on data access
Discussion:
Meta, The Wrap, Metro, CMU, New York Daily News, New York Times, @eric_seufert, @wavesblog, @borrowed_ideas, @tomwarren, @metanewsemea, @eric_seufert, The Verge, @arrington, @sarthakgh, @jason_kint, @J12t@social.coop, MediaPost, The Guardian, Associated Press, CNN, Advanced Television, @carnage4life@mas.to and Politico, more at Techmeme »
RELATED:
Sam Schechner / Wall Street Journal:
Meta plans to temporarily suspend showing ads to all users under 18 in the EU and other parts of Europe starting on November 6, to comply with EU regulations
Discussion:
@samschech, @hoofnagle, Music Ally, Observer, MarTech, Insider, Engadget, 9to5Mac, BGR, Politico, @rmendes.net and Ad Age
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