Top News:
Foo Yun Chee / Reuters:
Preliminary findings: the EU says Meta's pay or consent ad model breaches the DMA; Meta faces a fine of up to 10% of its global annual turnover if found guilty — Meta Platforms (META.O) was charged by EU antitrust regulators on Monday for failing to comply with landmark tech rules …
Discussion:
The Guardian, European Commission, The Register, @thierrybreton, @jason_kint, @tjasa_pet, @jefflonsdale, @beuc, @florian4gamers, @vestager, @eu_competition, @eu_commission, @andrewpardoe@threads.net, MarTech, New York Post, The Information, The Verge, Quartz, @Jeremiah@alpaca.gold, @Jeremiah@alpaca.gold, CNN, @maik.zumstrull.net, TechCrunch, Wired and Engadget, more at Techmeme »
Charlotte Klein / Vanity Fair:
A look at WSJ's rocky reboot under Emma Tucker, who addressed editing bottlenecks and pushed for ambitious stories, while unnerving the newsroom with layoffs — The British-born editor has injected America's business paper of record with ambition and verve, while unnerving the newsroom with unapologetic cuts.
Discussion:
@mlcalderone, @charlottetklein and New York Post
Amanda Meade / The Guardian:
Staff at Australia's Nine passed a motion of no-confidence in CEO Mike Sneesby on Friday and prepare to take industrial action, after he announced ~200 job cuts — Chief executive Mike Sneesby says ‘economic headwinds’ and end of Meta deal are to blame for lost jobs
Janko Roettgers / The Verge:
Redbox's owner, Chicken Soup for the Soul Entertainment, files for bankruptcy protection; Chicken Soup took on $325M in debt when it acquired Redbox in 2022 — Redbox's owner, Chicken Soup for the Soul Entertainment, filed for bankruptcy protection overnight.
Alex Griffing / Mediaite:
Hunter Biden sues Fox News over its six-part “mock trial” series The Trial of Hunter Biden, alleging the network targeted him to “harass” and “humiliate” him — Hunter Biden filed a lawsuit in New York City against Fox News on Sunday evening …
Ivan Mehta / TechCrunch:
Meta changes its “Made with AI” label to “AI info”, to indicate images were not necessarily created with AI but that AI editing tools may have been used — After Meta started tagging photos with a “Made with AI” label in May, photographers complained …
Discussion:
The Verge, more at Techmeme »
Charlotte Tobitt / Press Gazette:
B2B information and data provider Wilmington sells its UK healthcare business, which includes Health Service Journal, to PE firm Inspirit Franklin for £26M — HSJ has been owned by Wilmington since 2017. — Health Service Journal will move under private equity ownership following a sale by owner Wilmington.
Katie Kilkenny / The Hollywood Reporter:
Some Hollywood writers and actors are struggling to meet salary or work requirements to keep their union's health insurance plans, following the 2023 strikes — After the 2023 work stoppages and amid a larger industry contraction, creatives face difficulties meeting minimums to keep their union plans …
CBS News:
SCOTUS orders lower courts to take another look at Texas' and Florida's social media laws, says neither lower court conducted proper analysis of 1A challenges — Washington — The Supreme Court on Monday ordered lower courts to take another look at a pair of laws from Florida and Texas …
Discussion:
MediaPost, Engadget, TechCrunch, Reason, Quartz, Reclaim The Net, Reuters, CNBC, New York Post, Fox News, Associated Press, Forbes, Politico, @nicoperrino, @jordanonrecord, @steve_vladeck, @sandeepvaheesan, @daphnehk, @mjs_dc, @ishapiro, @joshgerstein, @anupamchander, @jamescz19, @attorneynora, @bykatiebuehler, @neil_chilson, @willoremus, @sdkstl, @zephyrteachout, @thomas_a_berry, @jeffjarvis, @crumbler@threads.net, @jameeljaffer, @tracethelaw, @mjs_dc, @aricohn, @mjs_dc, @jess_miers, @pat_hedger, @zephyrteachout, @robpwj, @robertfreundlaw, @matthewstoller, Media Play News and Semafor, more at Techmeme »
Silla Brush / Bloomberg:
BlackRock has agreed to buy Preqin, a UK-based provider of private markets data, for £2.55B in cash — The acquisition deepens BlackRock's ability to oversee risks and analyze data across fast-growing markets for private assets, and also expands its Aladdin technology systems …
Discussion:
Financial Times, Solondais, The Information and Paula Seligson on LinkedIn, more at Techmeme »
Alex Weprin / The Hollywood Reporter:
Sesame Workshop, the non-profit that produces Sesame Street, names Sherrie Westin as its new CEO, as it plans to “reimagine” Sesame Street starting in fall 2025 — The non-profit that produces ‘Sesame Street’ will have its first female CEO since the show's creator, Joan Ganz Cooney.
Discussion:
The Wrap, Variety, Current and TVNewsCheck
Jeff Jarvis / BuzzMachine:
The two California bills to help fund local journalism would penalize Google and Meta for news' decline and benefit hedge funds that are destroying newspapers — There is still hope that California's perilous, protectionist legislation for news could be reformed, but not without effort.
Discussion:
@jeffjarvis
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