Top News:
Matt Pearce:
The Gannett-Reuters deal aims to supplant The Associated Press, which has resisted journalism's financialization through its longstanding cooperative model — Gannett and Reuters come for one of the final corners for legacy media that had resisted the financialization of journalism.
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Sara Fischer / Axios:
Reuters and Gannett plan to launch a content bundle in Q1 2025, sold by Reuters; the bundle won't include access to games and puzzles from Gannett's newspapers — - Customers can access Reuters' national and international coverage, combined via a bundle with Gannett's national news coverage …
Trishla Ostwal / Adweek:
Memo: Sameer Singh, TikTok's general manager for North America's ads team, is leaving the company at the end of February, as the company faces a ban in the US — Sameer Singh will remain at the company until the end of February — Sameer Singh, TikTok's North America head of ad sales …
Discussion:
Ad Age, Business Insider and The Information
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Wall Street Journal:
Many advertisers on TikTok say they will shift ad dollars if and when a US ban actually takes effect, as the yearslong saga has dulled any real sense of urgency
Discussion:
Adweek, @saraheneedleman, CBS News, @arozenshtein, @nathanleamerdc, @meghanbobrowsky, Bloomberg and The Information
Jason Koebler / 404 Media:
Meta says the viral AI profiles on Facebook and Instagram were created in 2023 as part of “an early experiment” with AI characters, and it is deleting them — Earlier this week, Meta executive Connor Hayes told the Financial Times that the company is going to roll out AI character profiles …
Discussion:
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David Shepardson / Reuters:
A US appeals court rules the FCC did not have legal authority to reinstate net neutrality rules; incoming FCC Chair Brendan Carr opposed the 2024 reinstatement — A U.S. appeals court ruled on Tuesday the Federal Communications Commission did not have the legal authority to reinstate landmark net neutrality rules.
Discussion:
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Winston Cho / The Hollywood Reporter:
Anthropic agrees with three publishers to stop Claude from providing lyrics to their songs or new lyrics based on copyrighted content, pending a court ruling — While the case is proceeding, Anthropic's Claude will no longer provide lyrics to songs owned by the music publishers or new lyrics based on copyrighted material.
Surbhi Misra / Reuters:
Filing: Skydance Media and Paramount Global defend their planned $8.4B merger, calling on the FCC to dismiss opposition from critics as lacking merit — Skydance Media and Paramount Global (PARA.O) on Thursday defended their planned $8.4 billion merger, urging the Federal Communications Commission …
Discussion:
The Wrap, Variety, New York Post, TVNewsCheck and Yahoo Finance
Bloomberg:
Sources: Getty Images is exploring a merger with rival Shutterstock; deliberations are ongoing and Getty could decide not to pursue a deal — - Getty weighing how to structure combo with stock-photo rival … Getty has been weighing how to structure a combination that would bring together …
Discussion:
Reuters and The Information
Matt Yoder / Awful Announcing:
Diamond Sports Group emerges from bankruptcy, restructures, and rebrands as Main Street Sports Group, supported by Amazon's Prime Video and FanDuel partnerships — Main Street Sports Group logo — One of the longest-running sagas in sports media has finally come to an official end.
Molly White / Citation Needed:
An in-depth look at Elon Musk's criticisms of Wikipedia, as he joins a growing right-wing chorus of voices attacking information sources outside their control — The world's richest man has joined a growing chorus of right-wing voices attacking Wikipedia as part of an intensifying campaign against free and open access information.
Alexandra S. Levine / Bloomberg:
An unredacted lawsuit from Utah's AG claims TikTok has long known that TikTok Live promoted sexual content streams to minors and facilitated money laundering — - Unredacted lawsuit claims TikTok knew about teen safety issues — Lawsuit also alleges company facilitated money laundering
Discussion:
Reuters, The Information, Gizmodo, KSLTV.com and @ali_lev
Katie Deighton / Wall Street Journal:
Influencer marketing company Later acquires Mavely, which pays commissions to social-media creators for the sales they generate, for $250M in cash and stock — Later, an influencer and social-media marketing company, acquired social commerce app Mavely for $250 million
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