Mediagazer: GroupM expects global ad spending excluding political advertising to grow 7.8% in 2024, a bump from its original 5.3% forecast; Dentsu also bumped its forecast (Digiday)

6:40 PM ET, June 13, 2024

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Boone Ashworth / Wired:

Yahoo debuts a revamped version of its free Yahoo News app, powered by Artifact's AI tech, after acquiring the Instagram co-founders' news app in April 2024 — Artifact, the news app startup from Instagram's cofounders, was purchased by Yahoo earlier this year.

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Sarah Perez / TechCrunch:

Yahoo confirms it has been testing an AI summaries feature for a few months on the Yahoo News website for a small, single-digit percentage of articles — Yahoo's AI push isn't over just yet. The company, also TechCrunch's parent, recently launched AI-powered features for Yahoo Mail …

Digiday:

GroupM expects global ad spending excluding political advertising to grow 7.8% in 2024, a bump from its original 5.3% forecast; Dentsu also bumped its forecast — Don't ever say that uncertainty stops ad spending. — So far this year, it's held up strong despite regional conflicts …

Discussion: Michael Burke on LinkedIn, Gregory Jensen on LinkedIn, @digiday and WORLD SCREEN

Jeff Jarvis / Whither news?:

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Dominic Ponsford / Press Gazette:

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Brooks Barnes / New York Times:

Disney and Ron DeSantis reach a 15-year agreement to let Disney undertake a $17B expansion of Walt Disney World near Orlando; Disney will end all litigation — The deal locks in a 15-year expansion plan for Disney World and clears a path for Disney to restart political donations in Florida.

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Charlotte Tobitt / Press Gazette:

UK nonprofit The Bureau of Investigative Journalism launches paid memberships and explores other revenue streams to address a £250,000 funding shortfall — The Bureau of Investigative Journalism (TBIJ) is on a mission to diversify its revenue away from relying on foundations as …

Mark Stenberg / Adweek:

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Sheila Dang / Reuters:

A US judge orders X's lawsuit against Media Matters over accusations of misrepresenting the amount of antisemitic content on X will go to trial on April 7, 2025 — Social media platform X's lawsuit against media watchdog group Media Matters will head to trial on April 7, 2025, a U.S. District judge ordered on Thursday.

Discussion: CNN and New York Post

Adam Sherwin / The i Paper:

Sources detail Evgeny Lebedev's decision to end the Evening Standards' daily print edition under pressure from a Saudi investor, after prevaricating for years — Current and former employees tell the story behind the daily edition's closure — Evgeny Lebedev agreed to axe …

Discussion: @richjamesuk

Jenna Fryer / Associated Press:

Fox Sports acquires the rights to broadcast IndyCar starting in 2025, replacing NBC, which has held the rights since 2009; Fox now has Daytona 500 and Indy 500 — Fox Sports said Thursday it acquired the rights to broadcast IndyCar starting in 2025, a move that gives the network …

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The Information:
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