Mediagazer: The California State Senate passes SB 1327, a bill aimed at imposing a “data extraction mitigation fee” on Big Tech to help fund local journalism (Laurel Rosenhall/Los Angeles Times)

10:00 PM ET, June 27, 2024

Top News:

Ben Mullin / @benmullin:

The WHCA says it is “deeply concerned” that CNN blocked repeated requests to let the White House travel pool in studio for tonight's presidential debate — scoop: The White House Correspondents' Association says it's “deeply concerned” that CNN “has rejected our repeated requests to include the White House travel pool inside the studio.” The full statement: [image]

Discussion: Fox News, Reuters, New York Times, The Wrap, @deadline, @byronyork, Deadline, @bryanmyrick, @andrewrestuccia, @deadline, @benmullin, The Hollywood Reporter, @kairyssdal, @seanmdav, @ashleyrparker, @deadline, TVNewsCheck and Talking Biz News

@cbcpac:

The head of the Congressional Black Caucus PAC calls on CNN to give credentials to Black-owned media outlets for tonight's debate; none were credentialed so far — Full statement from @RepGregoryMeeks: [image]

Discussion: @elienyc, Atlanta Black Star, @symonedsanders, @elienyc, @rolandsmartin, @rolandsmartin, @stefmylestennis, @stacybrownmedia, @atlblackstar, @murphyajc, @attorneygriggs, @notcapnamerica, EBONY, @atlblackstar, @joyannreid@threads.net, @fly_sistah and @rolandsmartin

Max Tani / @maxwelltani:

CNN responds to the WHCA on debate access: the print pool reporter gets studio access at the first ad break, and a tight pool of photographers gets full access — In a statement, CNN responded to concerns from the WHCA on press access to the debate room. The network says the “debate is being held without an audience in a CNN studio and is closed to press.” [image]

Discussion: The Wrap, Bloomberg and Washington Examiner

Andrew Deck / Nieman Lab:

Tests show that ChatGPT is hallucinating URLs in some citations, directing users to broken links for at least 10 news publications with OpenAI licensing deals — Nieman Lab's tests show ChatGPT is directing users to broken URLs for at least 10 publications with OpenAI licensing deals.

Discussion: Engadget, @jaredlholt, @decka227, @adamjohnsonchi, @researchbuzz@researchbuzz … and @christianschwaegerl …

Bloomberg:

Naver-owned Webtoon shares closed up 9.5% at $23 in the online comics company's Nasdaq debut, giving it a market value of ~$2.9B, after an IPO that raised $315M — - Online comics company's first-time share sale priced at top — Firm sees growth beyond Korea coming from Japan, France

Discussion: Forbes, Reuters, Crunchbase News, @nasdaqexchange and Deadline, more at Techmeme »

Song Jung-a / Financial Times:
Naver-owned online comics platform Webtoon raised $315M in its Nasdaq IPO at $21 per share, the top of its $18-$21 marketed range, valuing the company at $2.7B

Discussion: BBC, Yahoo Finance, Publishing Perspectives, WEBTOON, @lucas_shaw, @nasdaqexchange, Fast Company, KED Global and Reuters

Laurel Rosenhall / Los Angeles Times:

The California State Senate passes SB 1327, a bill aimed at imposing a “data extraction mitigation fee” on Big Tech to help fund local journalism — The California state Senate on Thursday passed legislation aimed at helping the news industry by imposing a new tax on some of the biggest tech companies in the world.

Discussion: California State Legislature, @stevenwaldman, @senblakespear, @mattdpearce, @mattdpearce, @progresschamber, The NewsGuild, Matt Pearce and Free Press

Neil Griffiths / Mumbrella:

Nine CEO tells staff that around 200 jobs, ~4% of its workforce, will be cut, including up to 90 roles from Publishing and 38 from news and current affairs — Up to 200 jobs are set to be made redundant at Nine as soon as Friday. — Nine Entertainment CEO Mike Sneesby notified staff of the move …

Discussion: Sydney Morning Herald, AdNews News, @colonelhogans, @meadea, @therealpbarry, @calumjaspan_, Mediaweek, @maxwalden_, @anguslivingston, Capital Brief and TV Tonight

Margaret Fleming / Front Office Sports:

A Los Angeles jury sides against the NFL in a Sunday Ticket antitrust trial, saying the league owes $4.7B+ to subscribers and $96M to bars and restaurants — A jury in Los Angeles sided against the NFL on Thursday in the Sunday Ticket trial that could cost the league billions.

Associated Press:

The Center for Investigative Reporting, which produces Mother Jones and Reveal, has sued ChatGPT maker OpenAI and Microsoft, saying OpenAI violated copyrights — The Center for Investigative Reporting said Thursday it has sued ChatGPT maker OpenAI and its closest business partner, Microsoft …

Discussion: Engadget, The Wrap, Al Jazeera and The Hollywood Reporter

Wired:

Amazon is investigating Perplexity over whether the AI search startup is violating AWS rules by scraping websites that attempted to prevent it from doing so — AWS hosted a server linked to the Bezos family- and Nvidia-backed search startup that appears to have been used to scrape the sites …

Discussion: @timmarchman, @sarahnemerson, @laurengoode, @crumbler@threads.net, @dmehro, The Verge, TechCrunch and Bloomberg, more at Techmeme »

Matthew Keys / The Desk:

Comcast is adding the sports-focused Fubo app to supported Xfinity Flex, Xumo TV, and Xumo Stream boxes — Customers of Comcast's broadband product Xfinity Internet now have access to sports-centric streaming service Fubo on the company's lased streaming boxes.

Discussion: Cord Cutters News, Next TV, The Streamable and Media Play News

Haleluya Hadero / Associated Press:

Seven nonprofits including the Freedom of the Press Foundation file a brief saying the US law forcing ByteDance to sell TikTok or face a ban is unconstitutional — A group of nonprofits argued in a legal filing that the federal law requiring TikTok's parent company to sell the platform …

Discussion: MediaPost

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Brian Stelter / The Atlantic:
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Alex Sherman / CNBC:
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Paul Kiernan / Wall Street Journal:
The US finalizes rules requiring custodial crypto platforms to report user transaction info to the IRS; DeFi platforms are exempt amid fierce crypto lobbying

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European fintech execs say financial services are shunning AI over job loss and regulatory fears, despite evidence that AI will boost productivity and cut costs

The Information:
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