Mediagazer: KKR completes its $1.62B Simon & Schuster acquisition, marking a major shift in the US publishing industry; KKR plans to offer an employee profit-sharing model (New York Times)

Max Tani / Semafor:

Forbes journalists say some sources are refusing to give them 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 …

Sara Fischer / Axios:

Sources: Forbes' owners give Luminar CEO Austin Russell two more weeks to finalize his $800M 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 US publishing industry; KKR plans to offer 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, bookforum.com and MediaPost

Ryan Bort / Rolling Stone:

Israel denies press credentials to seasoned conflict reporter Jesse Rosenfeld after his critical coverage, saying “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

Discussion: @walshfreedom, @christapeterso, The Wrap, @mdslock, @ampersine@mastodon.online, @noahshachtman@mstdn.social, @kevincollier.bsky.social and Reuters

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

Discussion: @honestreporting, @xzherron, @samiranadkarni and @leenavand

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: Ars Technica, @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 »

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: Media Voices, @joepompeo, @joepompeo, @brianstelter and Press Gazette

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

Discussion: Dave Trausneck on LinkedIn, Nation Hahn on LinkedIn, Bill Delaney on LinkedIn, Daniel Tunkelang on LinkedIn, CoinDesk and @ppatel@mstdn.social, more at Techmeme »

Emma Roth / The Verge:

YouTube says it “launched a global effort” to encourage users with ad blockers to allow ads or try YouTube Premium, after a “small experiment” earlier this year — YouTube is broadening its efforts to crack down on ad blockers. The platform has “launched a global effort” …

Discussion: Android Authority, Gizmodo, 9to5Google and Android Authority, more at Techmeme »

Chris Roush / Talking Biz News:

SmartNews VP of Content Rich Jaroslovsky plans to step down from a full-time job at year's end; Wendy Bounds is taking over and Bernie Davis' role will expand — Rich Jaroslovsky, vice president of content and chief journalist at SmartNews, sent out the following to his colleagues on Tuesday:

Discussion: Rich Jaroslovsky on LinkedIn

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