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Press Gazette:
Jeff Zucker's RedBird IMI says it will take control of the Telegraph and Spectator after agreeing to a loan of £600M to repay debts owed by the Barclay family — Abu Dhabi-backed investment fund RedBird IMI has said it is set to take control of the Telegraph and Spectator publications …
Discussion:
New York Post, The Guardian, Bloomberg, Sky News, Financial Times, @markkleinmansky, @beerg, @markkleinmansky and @janemartinson
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Bloomberg:
Sources: senior UK ministers, including the business minister and security minister, raised concerns about the possibility of foreign ownership of the Telegraph — - Badenoch, Tugendhat raise worries with Media Secretary Frazer — Lloyds seized the Telegraph titles in June to claw back debts
Discussion:
Financial Times, @simontilford, @ianjsilvera, The Guardian, @alexwickham, City A.M. and @tw_seal
Vicky Ge Huang / Wall Street Journal:
Crypto exchange Bullish, run by a former NYSE president, acquires CoinDesk for an undisclosed sum in an all-cash deal; DCG acquired CoinDesk for $500K in 2016 — CoinDesk says former Wall Street Journal Editor in Chief Matt Murray will chair an independent editorial committee
Forbes:
Sources: ad executives told Linda Yaccarino that she is risking her reputation and should step down as X's CEO to make a statement about racism and antisemitism — In the aftermath of IBM, Disney, Apple and others pausing spending on X, formerly known as Twitter, top advertising executives …
RELATED:
Caitlin Huston / The Hollywood Reporter:
In a note to employees, Linda Yaccarino says the Media Matters report about ads on X is “misleading” and that X is in the midst of battling “deceptive attacks” — In a note to employees, the X CEO said that reports of antisemitic content on the platform come from a “misleading and manipulated article.”
Discussion:
Axios, Reuters, @digitalshields, @rmac18, Variety, The Messenger, Ad Age, The Hill, Financial Times, Business Insider, Washington Post, The Verge, CBS News, Boing Boing and Mediaite
Ina Fried / Axios:
Sources: Apple pauses all its advertising on X after Elon Musk's endorsement of an antisemitic X post and a report that Apple ads ran next to pro-Nazi content — - The left-leaning nonprofit Media Matters for America published a report Thursday that highlighted Apple, IBM …
Discussion:
@elonmusk, PRWeek, CNN, TechCrunch, The Verge, The Messenger, New Republic, New York Post, New York Times, 9to5Mac, @oneunderscore__, @lindayax, @lindayax, prima donna …, CNBC, @elonmusk, @dylanbyers, The Information, @eladnehorai, @queenmab87, @davidklion, @ichotiner, The Hill, Forbes, @carlquintanilla, @jgreenblattadl, Supercharged, @elonmusk, @rmac18, Business Insider, Wired, @dylanbyers, The i Paper, Bloomberg, Politico, Mediaite, Washington Post, The Wrap, Media Matters for America, The Hollywood Reporter, IndieWire, @viktorshtrum.bsky.social, @notalawyer.bsky.social, KNSD-TV, Futurism, Search Engine Land, Slate, NPR, New York Post, Arjun Basu on LinkedIn, @jctemple@threads.net, Lawyers, Guns & Money, @ethank@threads.net, @lemieuxlgm.bsky.social, @mike_isaac@threads.net, @mike_isaac@threads.net, Zach Larkin on LinkedIn, Gizmodo, @Viss@mastodon.social, @ianbetteridge@writing …, @GottaLaff@mastodon.social, Los Angeles Times, Variety, The Guardian, The Register, @idoubtit@mstdn.social, @rabbijill@sfba.social and X Out Hate
Matt Binder / Mashable:
After big advertisers flee X, right-wing media outlets and influencers pledge to buy ads or donate, like Benny Johnson, Andrew Tate, Gavin McInnes, Babylon Bee — So far, they are at least hundreds of millions of dollars short on making up for X's potential lost revenue. … Disney.
Max Tani / Semafor:
Sources: Linda Yaccarino asked her son and X executive Matt Madrazo to reach out to GOP ad spenders; X aims for $100M in political ads during the 2024 elections — The Scoop — Linda Yaccarino, the CEO of X, formerly Twitter, has turned the service's Hail Mary bet on an imagined $100 …
Discussion:
Bloomberg, @maxwelltani, @jhweissmann, @walthickey, Financial Times, @davidfrum, @chrisharihar, @jsrailton, @nsnadeemsarwar and Deadline
New York Times:
Disney pauses ad spending on X, joining Lionsgate and IBM
Discussion:
Media Voices, @DuBusGuy19@historians.social, The Wrap, CNN, Washington Post, Vanity Fair, Business Insider, Deadline, The Desk, Jon-Stephen Stansel on LinkedIn, The A.V. Club, Bernard Sharfman on LinkedIn, Denise Hamer on LinkedIn, Awful Announcing, The Information, @HuShuo@mastodon.social, @jeremylittau.bsky.social, Rolling Stone, @TimKarr@mastodon.social, @Nonilex@masto.ai, KNSD-TV, @LALegault@newsie.social, MediaPost, IndieWire, Jewish Telegraphic Agency, The Messenger, Reclaim The Net, Boing Boing and Semafor
Jonathan Vanian / CNBC:
Warner Bros. Discovery, Paramount Global, Lionsgate, and Comcast suspend ads on X, joining other media and tech companies
Discussion:
The Forward, The Guardian, KNSD-TV, @mattgertz, @mattbinder, Boing Boing, Lawyers, Guns & Money, New York Post, @sherman4949, @sherman4949, Media Matters for America, Music Ally, Media Matters for America, The Hill, Reuters, Euractiv, Variety, @atomicgiant.bsky.social, @jasondashbailey.bsky.social, Kris Lichter on LinkedIn, MediaPost, @pallenberg@mastodon.social, The Wrap, Business Insider, Variety, New York Times, TechCrunch, New Republic, The Messenger, Boing Boing, Ad Age, Media Matters for America, The Hollywood Reporter, The Times of Israel, Rolling Stone, CBS News, Mediaite, Politico, The Information, CNN, Bloomberg, Los Angeles Times, The Guardian, New Republic and The Independent
Reuters:
Belal Jadallah, who led the board of the Press House-Palestine, and two freelance journalists were killed in Gaza over the weekend, per relatives — The head of a prominent media institution in Gaza and two other journalists were killed during the weekend in Israel's offensive in the territory …
Discussion:
USA Today, Freedom of the Press …, Committee to Protect … and Hacked Off
Charlotte Tobitt / Press Gazette:
UK-based Global and US-based iHeart Media plan to license and distribute each other's podcasts in their home markets; Global signed an ad deal with The Athletic — Global and iHeart Media will license and distribute each other's podcasts in their home markets.
Steven Waldman / Poynter:
In addition to creating local news websites, outlets need to embed reporters in Nextdoor and Facebook local groups to “walk the beat” and get story ideas — Its reach is on par with, if not greater than, US newspapers. Instead of harrumphing its lack of journalistic standards, why don't we embed reporters?
Charlotte Tobitt / Press Gazette:
LADbible Group launches a tech website to help build on the brand's existing Unilad Tech social pages, after the audience for its tech content grew 187% YoY — The launch builds on Unilad Tech's social audience of 18 million followers. — Ladbible Group has launched a dedicated tech website …
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