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 …
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.
Brian Stelter / CNN:
In response to the NYT's decision not to issue local endorsements, Ben Smith and other NYC journalists launch a project to do interviews with and vet candidates — New York CNN — — As newspaper editorial boards lose influence, or withdraw from the space altogether, there are openings for others.
Discussion:
@brianstelter@threads.net and @brianstelter@threads.net
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 …
Discussion:
The Wrap, Financial Times, Variety, Ars Technica, Meta, Gizmodo, CNET, The Information, Engadget, PetaPixel, Reuters, The Hollywood Reporter, Neowin, The Verge, New York Times, @koltregaskes, @aaldahle@threads.net, @kimmonismus, @soumithchintala, @jimclydego, DNyuz, @dr_cintas, @nearcyan, @soumithchintala, @prashant_1722, @_akhaliq, @prashant_1722, TechCrunch, @arankomatsuzaki, @prashant_1722, Wired, @reece___rogers, @jakebailey@threads.net, @aiatmeta@threads.net, @evolving.ai@threads.net, @ahmad_al_dahle and @chriscox@threads.net, more at Techmeme »
Dan Rys / Billboard:
Warner Music Group and Meta strike a multiyear licensing deal across all Meta platforms, including WhatsApp for the first time — The deal will cover WhatsApp for the first time and includes an agreement to jointly tackle issues around generative AI on Meta's platforms.
Sarah Perez / TechCrunch:
YouTube apologizes for incorrectly flagging some channels as spam and removing them and disabling some subscriptions; it says it is working on the issue — A misfire of YouTube's systems led to the accidental banning of YouTube channels impacting numerous creators who were informed …
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.
Discussion:
Financial Times, Financial Times and Broadband TV News
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
Discussion:
@simon_rosenberg, @ruthmahalia, @mediamorphis, Caroline James-Garrod on LinkedIn and Global Media …
Lucy Craymer / Reuters:
Google says it'll stop linking to news and drop its deals with outlets in New Zealand if the country passes a law forcing digital platforms to pay for content — Google said on Friday it will stop linking to New Zealand news articles and ditch the agreements it has with local news organisations …
Discussion:
NZ Herald, TVNewsCheck, Glenn Gabe on LinkedIn, @jason_kint and Google New Zealand Blog, more at Techmeme »
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.
Discussion:
Engadget, noyb, Wired, RTÉ, Associated Press, BBC, @eucourtpress, BNN Bloomberg, Politico, Fortune, @jbhall56@infosec.exchange and Hacker News, more at Techmeme »
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
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 …
Discussion:
Adweek, The Wrap, MediaPost, Business Insider, Ad Age, TVNewsCheck and Deadline
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 …
Discussion:
Financial Times, Bloomberg, LinkedIn and Wall Street Journal
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