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6:20 PM ET, October 6, 2024

Mediagazer

 Top News: 
Wall Street Journal:
eMarketer: Google's share of the US search ad market is expected to drop below 50% in 2025 for the first time in 10+ years, as Amazon, TikTok, and others rise  —  A flurry of new offerings for advertisers is hitting the market  —  Google's grip on the nearly $300 billion search advertising business is loosening.
Matthew Jordan / The Conversation:
As Congress tries to force carmakers to install AM radios as a matter of public interest, it should push licensed stations to abide by public interest standards  —  A lament about the demise of AM radio has been rising in the halls of Congress.  —  Several automakers, most notably Tesla and Ford …
Trip Gabriel / New York Times:
Former NYT investigative reporter David Burnham, whose work uncovering corruption in the NYPD during the 1970s inspired the movie Serpico, dies at the age of 91  —  Tipped off by the detective Frank Serpico, he wrote an explosive series on police corruption in New York City, sparking an investigation by the Knapp commission.
Victoria Gomelsky / New York Times:
Watches of Switzerland Group, one of the world's largest watch retailers, acquires the watch enthusiast website Hodinkee, says coverage will remain independent  —  Neither Benjamin Clymer, its founder, nor the Watches of Switzerland Group would disclose terms, but they stressed that coverage would continue to be independent.
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 …
Emma Roth / The Verge:
Mullenweg says WordPress.org “belongs to me personally”, as his WP Engine feud blurs the lines between WordPress.org, the WordPress Foundation, and Automattic  —  The lines between the WordPress open-source project, the nonprofit backing it, and the commercial arm owned by Automattic are blurring.
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 …
Georg Szalai / The Hollywood Reporter:
An interview with ex-NBCUniversal executive Evan Shapiro on why streaming is a “shitty” business, Netflix ads, and why Hollywood must band together to thrive  —  After an Iberseries & Platino Industria keynote, the “media universe cartographer” explains why streaming is a “sh**ty” …
Discussion: @tvgrimreaper
Ben Cohen / Wall Street Journal:
A look at Google NotebookLM's Audio Overview feature, which was built by Google Labs and has gone viral for its AI-generated “deep dive” podcasts with two hosts  —  With this Google tool, you can now listen to a show about any topic you could possibly imagine.  You won't believe your ears.
Dade Hayes / Deadline:
Filing: Nexstar cuts its chief revenue officer position, and CRO Michael Strober will leave the company on October 30; he was hired after Nexstar bought The CW  —  Nexstar Media Group, which hired Turner veteran Michael Strober as EVP and Chief Revenue Officer in 2022, has eliminated his position.
Ashley Belanger / Ars Technica:
YouTube says it fixed an issue that appeared to affect thousands of accounts, incorrectly flagging channels as spam, removing them, and disabling subscriptions  —  YouTube confirmed Friday that a bug mistakenly removing seemingly thousands of accounts wrongly marked as sharing spam and deceptive content was finally fixed.
Karen Raugust / Publishers Weekly:
Penguin renews its master publishing deal with BBC Studios for Bluey books; the books have sold 20M+ copies in 22 languages worldwide, including 8.5M in the US  —  Penguin has renewed its master publishing deal with BBC Studios for the hit preschool animated series Bluey.
Discussion: WORLD SCREEN
 
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 More News: 
Dan Rys / Billboard:
Warner Music Group and Meta strike a multiyear licensing deal across all Meta platforms, including WhatsApp for the first time
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
Discussion: The Wrap, MediaPost and Adweek
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
 Earlier Picks: 
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
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
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