Top News:
Peter Kafka / Business Insider:
Elon Musk's Tesla, which had been famous for shunning advertising, is now running ads on YouTube, TikTok, and Elon Musk's X; the ads started in early 2024 — - Elon Musk owns X, formerly Twitter, which has an advertising problem. — Musk controls Tesla, which famously didn't buy advertising until very recently.
Discussion:
@sawyermerritt, @annmlipton@esq.social, @jyarow, Electrek, @annmlipton, @dangillmor@mastodon.social and @pkafka
Emma Roth / The Verge:
A US judge upheld parts of a National Music Publishers' Association's copyright lawsuit against X and dismissed the claim that X engaged in direct infringement — The music labels suing Twitter — now X — for copyright infringement can move forward with parts of their lawsuit.
Discussion:
US District Court, Middle District of Tennessee, Billboard and Reuters, more at Techmeme »
Naman Ramachandran / Variety:
EY report: the Indian media and entertainment industry grew 8% YoY to $27.9B in 2023; TV shrank 2% YoY to $8.3B due to advertising declining by 6.5% YoY — The Indian media and entertainment industry grew 8% in 2023 to reach a value of $27.9 billion, according to the annual EY report released during …
Discussion:
Business Standard and Financialexpress
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
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.
Amy Maclean / Cablefax:
C-SPAN is searching for a new CEO as co-CEOs Rob Kennedy and Susan Swain step down this year; VP of Finance Matt Deprey will replace Kennedy as CFO — C-SPAN has started searching for a new CEO with longtime co-CEOs Rob Kennedy and Susan Swain stepping down this year, Cablefax has learned and confirmed.
Discussion:
The Desk, @cspansusan, Amy Maclean on LinkedIn, Deadline and The Hollywood Reporter
Mia Sato / The Verge:
TikTok moves its Creativity Program, now rebranded as the Creator Rewards Program, out of beta, and requires videos to be longer than a minute to be monetized — A year ago, TikTok introduced a new way for creators on the platform to make money: make longer videos.
Discussion:
Tubefilter, TikTok and Fox Business, more at Techmeme »
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.
Discussion:
@waxy@xoxo.zone
Ben Glickman / Wall Street Journal:
Ad company Entravision says Meta plans to wind down its authorized sales partner program and end its relationships with all ASPs, including Entravision, by July — ASPs are extensions of Meta's sales teams that have local presences in various countries — Meta Platforms plans to wind …
Discussion:
Inside Radio and Radio & Television …
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.
Discussion:
Megan Rall on LinkedIn
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:
@maxwelltani, The Desk, @katiedrumm@threads.net, @noahshachtman@threads.net and MediaPost
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 …
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:
Advanced Television and Broadband TV News
RELATED:
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:
@rasmus_kleis, @carolvorders, @otto_english, @seaninsound, @jamesrbuk, The Independent, Nick Manning on LinkedIn and Mediaite
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