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4:30 AM ET, November 21, 2023

Mediagazer

 Top News: 
Sharon Knolle / The Wrap:
X files a defamation lawsuit against Media Matters, claiming the outlet “knowingly and maliciously” misrepresented the amount of antisemitic content on X  —  Musk says the watchdog org “would not let truth get in the way of a story”  —  Elon Musk has followed through on his threat …
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Adi Robertson / The Verge:
Texas' AG, “troubled” by Elon Musk's claims, probes Media Matters, which calls X's suit “frivolous”; X avoids anti-SLAPP statutes by filing in the 5th Circuit  —  X, formerly Twitter, has followed through with owner Elon Musk's threat to sue the left-leaning nonprofit Media Matters.
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 …
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 …
Kylie Robison / Fortune:
At a hastily assembled all-hands, Linda Yaccarino said Media Matters is known “to force a narrative” and asked staff to “be as fiscally responsible as possible”
Devin Coldewey / TechCrunch:
Media Matters' claims that some companies' ads appeared next to antisemitic content do not seem to be “manufactured”, contrary to what X alleges in its suit
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”
Press Gazette:
Jeff Zucker's RedBird IMI plans to 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 …
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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
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
The Verge:
Epic v. Google: a Google exec confirms that Spotify pays no commission when users buy subscriptions via Spotify's payment system and 4% when they pay via Google  —  Music streaming service Spotify struck a seemingly unique and highly generous deal with Google for Android-based payments …
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 …
Wall Street Journal:
A look at a campaign for the US State Department to label Alsu Kurmasheva as wrongfully detained, committing the US to work to secure her release from Russia  —  The family and employer of Alsu Kurmasheva, a dual U.S.-Russian citizen, say she has been targeted because she is an American and a journalist
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 …
 
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 More News: 
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
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
 Earlier Picks: 
Kate Dwyer / New York Times:
An oral history of Jezebel: its start, influencing other feminist blogs, how its writers developed their voices, its tone after Donald Trump's win, and more
Associated Press:
Russia adds The Moscow Times, an online newspaper that operates outside the country and is popular among Russia's expatriates, to its “foreign agents” list
Michael Scherer / Washington Post:
Univision faces growing Latino backlash for its handling of a November 7 Trump interview, as 70+ groups send a protest letter and Congress members ask to meet
 

 
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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