Top News:
Ted Johnson / Deadline:
ABC News names Almin Karamehmedovic, executive producer of ABC's top rated World News Tonight, as its next president, succeeding Kim Godwin — ABC News has tapped Almin Karamehmedovic, executive producer of its top rated World News Tonight, as its next president.
Katie Robertson / New York Times:
The Star Tribune renames to The Minnesota Star Tribune, and plans to expand its statewide coverage, as part of an effort to boost its paid digital subscriptions — The newspaper in Minneapolis is expanding its statewide coverage and changing its name to The Minnesota Star Tribune.
Max Tani / Semafor:
A look at Ezra Klein's rise during this election cycle, from his early call for Biden not to run to his increasingly popular podcast, now #8 on Apple Podcasts — The News — When Ezra Klein visited 1600 Pennsylvania Ave. early this year for a series of off-the-record meetings with top officials …
Discussion:
Columbia Journalism Review, Bustle, @alexparkerdc, @ajlamesa, @mattzeitlin, @tomphilpott, @jptormey and @nick_field90
Judd Boaz / ABC:
Russian-American journalist Masha Gessen claims their Australian visa application has been denied over Russia's criminal charges of spreading false information — In short: — Russian-American Masha Gessen, a journalist and prominent critic of the Russian government …
Discussion:
The Guardian, Sydney Morning Herald, taus, @matthew_sussex, @jamesmassola, @mrseankelly, @groberts_83 and Crikey
Gregory Meyer / Financial Times:
In Q2, Walmart said its ad business grew 30% in the past year; eMarketer says Walmart will claim 6.8% of 2024 US retail media spending, for $3.7B in ad revenue — A high-margin and fast-growing ad business is changing the chain's relationship with brands — Walmart last week reported rising sales …
Giulia Segreti / Reuters:
Italian state broadcaster RAI says two journalists who angered Moscow with a TV report from Ukrainian-held parts of Russia's Kursk region will return to Italy — Two Italian journalists who angered Moscow with a TV report from Ukrainian-held parts of Russia's Kursk region will return to Italy, state broadcaster RAI said on Saturday.
Katie Kilkenny / The Hollywood Reporter:
After the 5,000-strong Animation Guild started negotiations with Hollywood studios on August 12, outsourcing jobs and AI are the major points of contention — As the 5,000-strong Animation Guild starts negotiations with studios, outsourcing jobs and AI are the major points of contention.
Tabby Kinder / Financial Times:
Arize AI: 56% of Fortune 500 companies cited AI as a “risk factor” in their recent annual reports, up from 9% in 2022; 90%+ of media firms cited AI as a risk — More than half of the largest US groups cited new technology as a potential hazard in their latest annual reports
Discussion:
Fortune, more at Techmeme »
Justine Fisher / CNBC:
Legacy media companies, which entered the streaming market with a focus on gaining subscribers, now are raising prices to earn a return on their investments — Streaming is finally starting to pay off for media companies, but there's a catch — to get there, consumers are facing higher subscription costs …
Discussion:
@tvgrimreaper, IndieWire and @albertfong98
Liam Reilly / CNN:
Some local news radio stations, like New York's WCBS, face an existential threat as listeners and revenue shift, forcing outlets to cut staff and abandon news — New York CNN — — For more than a century, Americans have been turning to a trusted and reliable source for local news: the radio.
Discussion:
@dicktofel, @tamerspotlight and @alexanderrusso
Anthony Ha / TechCrunch:
X says it is closing its operations in Brazil, claiming a judge threatened “arrest if we do not comply with his censorship orders”; X still remains available — X, the social media platform formerly known as Twitter, said today that it's ending operations in Brazil …
Reuters:
Brazilian media mogul and TV host Silvio Santos, who founded a business empire including SBT, one of the country's largest TV channels, dies at the age of 93 — Brazilian media mogul Silvio Santos, who went from street vendor to owner of a business empire including one of the country's largest TV channels …
Discussion:
@jasonptodd, @professorrios, @adowniebrazil, The Brazilian Report, Bloomberg, Associated Press, r/ItHadToBeBrazil and r/Brazil
Bevan Hurley / The Times:
Ben Horowitz of VC firm a16z accused VC Michael Moritz of using The San Francisco Standard, financed by Moritz, to “fabricate hit pieces” on him and his wife — Sir Michael Moritz's San Francisco Standard is fabricating ‘hit pieces’, according to a fellow venture capitalist …
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