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10:45 AM 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, and other brands, 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 / @katie_robertson:
Internal memo: Axios CEO Jim VandeHei says the company is laying off ~50 people as part of “changes to adapt fast to a rapidly changing media landscape”  —  NEW: Axios is laying off 50 people across the company. CEO @JimVandeHei just sent out this note — which says the layoffs are because of “changes in the media business” [image]
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 …
RELATED:
Josh Dickey / The Wrap:
Email: Bloomberg EIC John Micklethwait says the outlet has taken disciplinary action against those involved in breaking the Russia prisoner swap embargo
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.
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 …
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.
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 …
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  —  Manoj Bhargava at a NewsNet desk.  (NewsNet.)  —  The strangeness around former Sports Illustrated publisher Arena Group and its majority owner …
Sara Fischer / Axios:
ProRata.ai, which aims to attribute and share revenue with content owners from AI chatbot subscriptions, raised a $25M Series A, inks deals with media companies  —  A handful of major news and music companies have agreed to license their content to ProRata.ai, a generative AI startup that claims …
Discussion: @danprimack and @sarafischer
 
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 More News: 
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
 Earlier Picks: 
Charlotte Tobitt / Press Gazette:
BuzzFeed issues a “cease and desist” to Trending Now, which uses AI to aggregate B2B stories, accusing the startup of copyright infringement with its logo
Bart Meijer / Reuters:
The European Commission says TikTok agreed to permanently withdraw and not replace TikTok Lite's “Task and Reward Programme” in the EU to comply with the DSA
 

 
From Techmeme:

Lee-Anne Mulholland / The Keyword:
Google files its proposed remedies in the DOJ's search antitrust lawsuit, including letting browser companies have multiple default agreements across platforms

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems

 
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