Top News:
Daniel Thomas / Financial Times:
Filing: GB News owner All Perspectives has been forced to provide a further £41M in funding to cover operating costs, and is now owed £83.8M by GB News — Vehicle backed by hedge fund tycoon Paul Marshall steps in as right-leaning broadcaster increases number of staff
Discussion:
Broadband TV News and Advanced Television
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Bron Maher / Press Gazette:
GB News reports year to May 2023 revenue up 80% YoY to £6.7M, losses up 38% YoY to £42.4M, for £76M in losses since 2021, and 295 staff, up from 175 in May 2022
Discussion:
@carolvorders, @otto_english, @rasmus_kleis, Nick Manning on LinkedIn, The Independent, @seaninsound, @jamesrbuk and Mediaite
Tara Cobham / The Independent:
Presenter Dan Wootton says he's left GB News to launch an independent platform after Ofcom ruled misogynistic comments made on his show broke broadcasting rules — Mr Wootton's name no longer features in the channel's list of presenters on its website — Dan Wootton is out at GB News …
Discussion:
Mediaite, The Guardian, Broadband TV News, PA Media, Dan Wootton Outspoken, Sky News, BBC, Byline Times, @danwootton, Ofcom, Variety, Financial Times, HuffPost, Advanced Television, Press Gazette and Deadline
Emma Roth / The Verge:
In response to the EU's ruling, Spotify submits an app update for the EU to provide pricing info within its iOS app and link users to its subscription options — Spotify isn't going to launch the in-app purchases it previously planned for the European Union, at least right now.
Discussion:
9to5Mac, The Apple Post, CMU, MediaNama, The Information, Fast Company, mobivention, Wired, Music Business Worldwide, Gizmodo, TechCrunch, Deadline, Advanced Television, BGR and Music Ally, more at Techmeme »
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Javier Espinoza / Financial Times:
The EU Commission fines Apple €1.8B for stifling competition from rival music streaming services, the EU's third-largest antitrust fine; Apple plans to appeal
Discussion:
Niklas Nováky on LinkedIn, Observer, Total Telecom, 9to5Mac, Spotify, European Commission, @om, Digital Music News, @pkafka, Associated Press, @willoremus, @sarafischer, @lisaocarroll, The Drum, The Verge, @lisaocarroll, @samuelstolton, @eu_commission, @vestager, AppleInsider, TechCrunch, Business Insider, Imprisoned for llama crimes, VentureBeat, Mark Shaw on LinkedIn, Federica Tremolada on LinkedIn, Bloomberg, BleepingComputer, @carnage4life@mas.to, CMU, New York Post, Rolling Stone, Ad Age, Los Angeles Times, Media Play News, The Hill, Fox Business, TechCrunch, CNBC, CityAM, New York Times, CBS News, Wall Street Journal, Semafor, AppleInsider, CNN, TechCrunch, The Wrap, The Hollywood Reporter, Variety and Apple, more at Techmeme »
Jesse Whittock / Deadline:
Source: Amazon Prime Video plans to lay off less than 5% of its staff across its European offices, as part of a restructure impacting Europe, MENA, and Africa — EXCLUSIVE: Prime Video is today beginning job consultations with staff in Europe, we hear. — It's understood a figure of less …
Discussion:
The Desk
A. G. Sulzberger / Reuters Institute:
The NYT publisher's 2024 Reuters Memorial Lecture: journalistic independence, the Ukraine and Israel-Hamas wars, trans issues, being open to criticism, and more — It's an honour to be here to deliver this year's memorial lecture. The Reuters Institute has been an invaluable resource …
Discussion:
Reuters Institute on YouTube, @risj_oxford, @rasmus_kleis, @risj_oxford, @mariaramirezny, @jongurutz, The Daily Beast and @jbenton
Elizabeth A. Harris / New York Times:
Authors Equity, a US book publisher from former Penguin Random House and Macmillan executives, launches with plans to give authors the “lion's share” of profits — Authors Equity is tiny but has big industry names behind it. Its founders hope their profit-sharing approach and experience will entice authors.
Chris Roush / Talking Biz News:
Former Rolling Stone EIC Noah Shachtman is returning to Wired as a contributing editor, where he worked in the same capacity from 2006 to 2013 — Katie Drumm, global editor in chief of Wired, send out the following on Tuesday: — Hi All — I'm very, very excited to share …
Discussion:
MediaPost, The Desk, @katiedrumm@threads.net, @noahshachtman@threads.net and @maxwelltani
David Pierce / The Verge:
Google rolls out new changes to its Search ranking to help surface good content, downrank content that summarizes others' work, and more, as AI content spreads — Google is rolling out a few new changes to its ranking systems in search, which are designed to help surface good content …
Discussion:
Fast Company, TechCrunch, Wired, The Keyword, @hoonofthe.day and @itnewsbot@schleuss.online, more at Techmeme »
Sara Fischer / Axios:
NTWRK CEO says the company plans to fold its brand and business into Complex and form Complex NTWRK, less than two weeks after acquiring Complex for $108.6M — - The parent company that owns Complex will be called Complex NTWRK, but that will be the only place the NTWRK brand exists.
The Verge:
YouTube star Hank Green interviews The Verge EIC Nilay Patel about the pressure from algorithms, giving work away for free, AI, the fediverse, and more — On this special episode of Decoder, Complexly co-founder and YouTuber Hank Green turns the tables on Nilay Patel.
Bloomberg:
Vivendi's Canal+ increases its bid for South Africa's MultiChoice by almost a fifth, valuing MultiChoice's shares at $2.9B, and enters exclusive takeover talks — - Vivendi's Canal+ is working with JPMorgan, Bank of America — Vivendi says its committed to JSE listing, transformation
Discussion:
Deadline, WORLD SCREEN, TVBEurope and Broadband TV News
Dan Primack / Axios:
TollBit, a startup whose two-sided marketplace lets publishers make their content available to AI companies for a fee, raised ~$7M in pre-seed and seed funding — Sometimes there's a simple solution to an intractable problem. The sort of thing that feels obvious, but only in retrospect.
Discussion:
TollBit and Olivia Joslin on LinkedIn
Apple:
Apple adds transcripts to Apple Podcasts, which let listeners read and search the text of the episode, available in English, French, Spanish, and German — Transcripts offer full-text display for each episode, making podcasts more accessible and immersive than ever before
Discussion:
9to5Mac, @rustyhammer.bsky.social, Dyllon Young on LinkedIn, The Apple Post, RedCircle Blog and Digital Trends
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