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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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Axios, Variety, Deadline, BBC, TechCrunch, New York Times, @_cingraham, @kenwhite.bsky.social, CNN, Mediaite, @ehananoki, @oneunderscore__, Bloomberg, The Messenger, Boing Boing and Forbes, more at Techmeme »
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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.

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 …
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Axios, @elonmusk, The Verge, Engadget, NBC 7 San Diego, @kerrymflynn, The Register, Press Telegram, 9to5Mac, TechCrunch, Business Insider, The Wrap, @johnpaczkowski, Ad Age, Vanity Fair, Media Voices, The Messenger, TIME, New York Post, Alex Konrad on LinkedIn, @voxexsinister.bsky.social, @carnage4life@mas.to, @joelmathis.bsky.social, CBS News, Music Ally, The A.V. Club, CNN, Variety and Supercharged

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.
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New York Post, @shinjiikarus@mstdn.social, @PattyHanson@mastodon.social, @sethdillon, The Hill, @timcast and Ad Age

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
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@walthickey, Variety, @maxwelltani, @davidfrum, @chrisharihar, @jhweissmann, @jsrailton, @nsnadeemsarwar, Bloomberg, Financial Times and Business Insider
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”
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
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”
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”
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Reuters, CNN, The Information, Axios, New Yorker, @digitalshields, @rmac18, Business Insider, Variety, The Messenger, prima donna …, The Hill, New York Times, CNBC, Financial Times, Mediaite, Deadline and The Desk

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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Sky News, Telegraph, Mediaite, @beerg, @janemartinson, Sky News, New York Post, Financial Times, @markkleinmansky, @markkleinmansky, The Guardian, Bloomberg and Frontpage Mag
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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
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Financial Times, @ianjsilvera, @alexwickham, The Guardian, @simontilford, City A.M. and @tw_seal

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

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 …
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TechCrunch, Android Central, Engadget and Music Ally, more at Techmeme »

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 …

A look at the surge of NFL players who have begun hosting podcasts during the season, a surprising development in a league that tends to suppress individuality — The N.F.L. tends to suppress individuality, but podcasts from stars like the Kelce brothers, Micah Parsons and Tyreek Hill are popping up as valuable portals to fans.

How Ukrainian media is balancing war coverage, with national TV speaking in a highly patriotic, pro-government voice and critical reporting thriving online — Yana Lyushnevskaya, NF '24, on the difficult dilemma Ukrainian journalists face when covering war in their own country
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New York Post

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
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Radio Free Europe/Radio …