Check out Mini-Mediagazer for simple mobiles or Mediagazer Mobile for modern smartphones.
1:20 PM ET, August 6, 2024

Mediagazer

 Top News: 
Benjamin Mullin / New York Times:
Red Ventures sells CNET, an early pioneer of online tech coverage, to Ziff Davis, which owns Mashable, PC Mag, Lifehacker, and others, a source says for $100M+  —  Ziff Davis is acquiring CNET for more than $100 million.  Its chief executive thinks more acquisitions are on the horizon.
Katie Robertson / New York Times:
Internal memo: Axios CEO Jim VandeHei says the company is laying off about 50 employees, or ~10% of the company, due to “changes in the media business”  —  Jim VandeHei, the company's chief executive, said in an email that the cuts were necessary to adapt to “changes in the media business.”
Lauren Feiner / The Verge:
A US federal judge rules Google has a monopoly in “general search text advertising” and Google's exclusive agreements enabled it to raise prices on that product  —  A federal judge ruled that Google violated US antitrust law by maintaining a monopoly in the search and advertising markets.
Charlie Nash / Mediaite:
Jennifer Jacobs, the Bloomberg News reporter fired for allegedly breaking Russian prisoner swap story embargo, suggests she didn't decide to publish prematurely  —  Bloomberg News senior White House reporter Jennifer Jacobs shot back at the news outlet on Monday after she was fired …
Financial Times:
Sources: WBD looks to avoid breaking up the company by offloading smaller assets, such as selling Polish broadcaster TVN or a stake in WBD's gaming business  —  Executives fear ‘years of legal challenges’ if they split its TV and movie studio businesses  —  Warner Bros Discovery's senior management …
Sara Fischer / Axios:
X sues the World Federation of Advertisers, GARM, and GARM members CVS Health, Mars, Orsted, and Unilever over what Linda Yaccarino calls an “illegal boycott”  —  Members include major tech companies, advertisers, agencies, ad tech firms and advertising coalitions.
Alex Weprin / The Hollywood Reporter:
Fox Corp reports Q4 revenue up 2% YoY to $3.1B, affiliate fee revenue up 5% YoY to $1.9B, ad revenue flat YoY at $1B, and $320M net income, vs. $369M in Q4 2023  —  The company said that revenue rose slightly in the quarter thanks to its carriage agreements, but that the election and Super Bowl are setting it up for a big year.
Tampa Bay Times:
In a letter to staff, Tampa Bay Times CEO Conan Gallaty says the paper needs to reduce payroll by 20% and gives staff until August 16 to accept buyout packages  —  Layoffs will occur later this month if targeted savings aren't met.  —  The Tampa Bay Times, beset by many of the same revenue …
Bill Grueskin / Columbia Journalism Review:
Interviews with news executives and editors about running split newsrooms, as the Washington Post builds a “third newsroom”  —  When split newsrooms work, and when they falter  —  In 2011, I attended an advertising conference that seemed like a rather workaday affair …
Chris Welch / The Verge:
Google unveils the $100 Google TV Streamer, with better performance than Chromecast with Google TV, Thread and Matter support, and more, shipping September 24  —  Google isn't waiting for its upcoming hardware event to announce the Chromecast's successor.  Alongside the new, sleeker Nest Thermostat …
 
 Archived Page Info: 
This is a snapshot of Mediagazer at 1:20 PM ET, August 6, 2024.

View the current page or another snapshot:


 
 Who's Hiring in Media? 
 
 See Also: 
Mediagazer: site main
Mediagazer River: reverse chronological Mediagazer
Mediagazer Mobile: for phones
Mediagazer Leaderboard: Mediagazer's top sources
 
 Subscribe: 
Mediagazer RSS feed
Mediagazer on X
Mediagazer on Mastodon
 
 
 More News: 
Reuters:
ByteDance debuts AI text-to-video app Jimeng AI on iOS in China, after its July 31 Android release; China's Kuaishou released Kling AI in beta globally in July
Etan Vlessing / The Hollywood Reporter:
FuboTV reports Q2 North America revenue up 26% YoY to $383M vs. $368M est., North America paid subscribers up 24% to 1.45M, rest of world revenue up 2% to $8.3M
Andrew Bucholtz / Awful Announcing:
FAST channels NEWSnet and SportsNewsHighlights, owned by Manoj Bhargava's Bridge Media, abruptly shuts down, resulting in the layoffs of 80 employees
 Earlier Picks: 
Samantha Cole / 404 Media:
Sources: Nvidia scraped sources like Netflix and YouTube to train an unreleased foundational model; concerned staff were told they had full clearance to do so