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1:40 PM ET, October 4, 2024

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 Top News: 
ProPublica:
Sources and records: Trump Media has forced out its COO, CPO, and other executives after internal allegations that CEO Devin Nunes is mismanaging the company  —  Several people involved with the former president's company, operator of Truth Social, believe the departures …
Amanda Meade / The Guardian:
A study finds Australia has the second-highest media concentration in the world after Brazil; in the newspaper sector, four companies control 84% of the market  —  Google and Meta should fund traditional public interest journalism, a new international study reports
Dominic Ponsford / Press Gazette:
Leading UK cultural figures decry Observer's planned sale to Tortoise as “a betrayal” of liberal journalism; Guardian, Observer staff consider striking  —  Guardian and Observer journalists have agreed they may take industrial action in protest at plans to sell The Observer to Tortoise Media.
Kurt Wagner / Bloomberg:
Meta unveils Movie Gen, which creates up to 16-second videos from a text prompt, available to some staff and partners; Meta plans to add it to its apps in 2025  —  Movie Gen tool can create short videos from a text prompt  —  Facebook parent Meta Platforms Inc. debuted a new artificial intelligence tool …
Alex Weprin / The Hollywood Reporter:
WBD's head of ad sales, Jon Steinlauf, announces he is stepping down at the end of 2024 after 32 years at the company  —  WBD is beginning the search for Steinlauf's replacement. … WBD chief revenue and strategy officer Bruce Campbell announced Steinlauf's looming exit Friday …
Charlotte Tobitt / Press Gazette:
A UK judge rules that GB News can challenge an Ofcom ruling about a Q&A show with Rishi Sunak in a court hearing, but says Ofcom can keep pursuing sanctions  —  But the broadcaster failed in its bid to temporarily block Ofcom from publishing a sanction against it.
Pat Dooris / KGW-TV:
Willamette Week's owner plans to launch the Oregon Journalism Project as nonprofit news orgs aim to fill the void left by Oregon's receding print publications  —  The people behind Willamette Week will soon launch the Oregon Journalism Project, joining a burgeoning group of nonprofit news outfits looking to fill the gaps.
Discussion: Oregonian
Natasha Lomas / TechCrunch:
CJEU rules that social networks, such as Facebook, cannot keep using people's data for ad targeting indefinitely, siding with privacy campaigner Max Schrems  —  The European Union's top court has sided with a privacy challenge to Meta's data retention policies.
Reuters:
Shares of Nature publisher Springer Nature opened at €24 in its Frankfurt IPO; the academic publisher priced its IPO at €22.5, giving it a ~€4.5B valuation  —  Springer Nature's (SPGG.DE) shares opened at 24 euros in its Frankfurt initial public offering (IPO) on Friday …
Kyle Wiggers / TechCrunch:
Google rolls out AI-organized Search results in the US on mobile, showing users AI-aggregated pages of content from forums, articles, YouTube videos, and more  —  Google will begin to show ads in AI Overviews, the AI-generated summaries it supplies for certain Google Search queries …
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 More News: 
Akash Sriram / Reuters:
Thomson Reuters agrees to sell FindLaw, which provides legal information, to Internet Brands, which owns WebMD and more, in a deal expected to close in Q4 2024
Discussion: Thomson Reuters
Ivan Mehta / TechCrunch:
Spotify launches Offline Backup, which automatically makes recently streamed and now playing queued songs available as an offline playlist for Premium users
 Earlier Picks: 
Bloomberg:
Sources: the NFL is in talks with Skydance Media and its major investor RedBird Capital Partners that could result in a sale of NFL Media and NFL Network
Martyn Ziegler / The Times:
Reuters withdraws two stories on the World Anti-Doping Agency after it was found that WADA's media head received a Reuters press pass for the Masters golf event
Patrick Frater / Variety:
Samsung TV Plus adds about 4,000 hours of ad-supported, free-to-stream Korean shows and movies, following deals with CJ ENM and others
Sarah Perez / TechCrunch:
YouTube unveils Shorts updates, including letting creators upload three-minute videos, updating the Shorts player, introducing templates, and a new trends page
CNN:
Melania Trump's book publisher asked CNN to sign an NDA and pay $250K to interview her, but then called the request a “miscommunication”
 

 
From Techmeme:

Annie Palmer / CNBC:
Sam Altman, Jeff Bezos, Tim Cook, Michael Dell, Satya Nadella, Sundar Pichai, Mark Zuckerberg, and other tech leaders congratulate Trump on his election victory

Emma Roth / The Verge:
Microsoft starts rolling out AI-powered text editing feature Rewrite in Notepad, and Generative Fill and Generative Erase features in Paint to Windows Insiders

Bloomberg:
The US SEC's crypto enforcement is slated for a major rollback under President Trump, who in July 2024 pledged to fire Gary Gensler on the first day in office
 
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