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1:20 PM ET, July 10, 2025

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 Top News: 
Wall Street Journal:
Sources: Linda Yaccarino told close contacts that some advertisers returning and xAI acquiring X, which effectively demoted her, made it a good time to depart  —  The X CEO stabilized the social-media company's ad business, but contended with an erratic boss and pressure to move faster
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Sara Fischer / Axios:
X CEO Linda Yaccarino says that “after two incredible years, I've decided to step down”; X hired Yaccarino in June 2023 after she ran NBCUniversal's ad business
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New York Times:
Sources: Linda Yaccarino had discussed with X employees her plans to leave the company earlier this week, before Grok's antisemitic replies
Corbin Bolies / The Daily Beast:
Joe Davidson, a longtime Washington Post columnist, says he resigned after a column he wrote about Trump's policies was blocked for being “too opinionated”  —  BAD GUY  —  Joe Davidson said he left the paper after it spiked political commentary from his column.
RELATED:
Mark Stenberg / Adweek:
World of Good Brands, formerly Leaf Group, shuts down after owner Graham Holdings sold off its last three titles; Graham Holdings acquired it in 2021 for $323M  —  The closure represents the end of the digital media company once known as Demand Media.  —  Digital media company World …
Alex Welch / The Wrap:
A judge rules Don Lemon's lawsuit against Elon Musk and X can proceed to trial, after Musk canceled a $1.5M/year exclusive X content deal with Lemon in 2024  —  “Musk is subject to the legal process, just like everyone else,” the journalist's lawyer says of the axed X content deal
Ivan Mehta / TechCrunch:
Google adds image-to-video generation to Veo 3 in the Gemini app for Pro and Ultra subscribers, and says users have created 40M+ videos since Veo 3's May launch  —  Google said on Thursday it's adding an image-to-video generation feature to its Veo 3 AI video generator through its Gemini app.
Borys Kit / The Hollywood Reporter:
Webtoon Entertainment is rebranding and reorganizing its North American entertainment and IP business, with Wattpad Webtoon Studios becoming Webtoon Productions  —  David Madden has been elevated to president of the new Webtoon Productions, among other changes.
Mark Sweney / The Guardian:
Photo agencies plan to boycott the rest of the Oasis reunion tour after the band's management said rights to concert images will last for only one year  —  Exclusive: Move comes after band's management says rights to concert images will only last for one year
Emily Sundberg / Feed Me:
Substack co-founder Hamish McKenzie is launching a biweekly column on Lachlan Cartwright's Breaker, a publication hosted on Substack rival beehiiv  —  Good day to be the CEO of beehiiv.  —  ∙ Paid  —  Good morning everyone.  Your song of the summer might be Sabrina Carpenter's Manchild or Morgan Wallen's What I Want.
Amy Hollyfield / Dallas Morning News:
Dallas Morning News parent company DallasNews Corporation signs a merger agreement to be acquired by Hearst, in a deal that values it at $74.9M  —  DallasNews Corporation, the public parent company of The Dallas Morning News and Medium Giant, has signed a definitive merger agreement …
Charlotte Tobitt / Press Gazette:
The UK's Reach plans to merge its national and regional sports journalism teams into one central hub, resulting in around 50 layoffs  —  Reach has proposed major changes to how its sports journalists work, merging many of its national and regional teams in England into a central hub with around 50 redundancies anticipated.
Benoit Berthelot / Bloomberg:
WPP names Microsoft Global Enterprise COO Cindy Rose as CEO, effective September 1, succeeding Mark Read; Rose has been on WPP's board since 2019  —  Rose, 59, will take on the role leading the advertising group beginning Sept. 1, the company said in a statement on Thursday.
 
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 More News: 
Daniel Thomas / Financial Times:
Disney and ITV agree to stream hit shows like The Bear and Love Island on each other's platforms for the first time, from July 16; both will be able to sell ads
Danielle Broadway / Reuters:
SAG-AFTRA says Hollywood video game voice and motion capture actors signed a new contract with game studios, including AI protections like consent requirements
Will Potter / Rolling Stone:
A book excerpt details how the US animal agriculture industry helped create “ag-gag” laws criminalizing undercover journalism exposing factory farm abuses
 Earlier Picks: 
Financial Times:
Investor letter: US newsroom-cum-hedge fund Hunterbrook Global is valued at $100M after new funding, which a source says will go toward expanding its newsroom
Rebecca Keegan / The Hollywood Reporter:
A look at celebrity impersonation scams and the steps taken by Hollywood to combat them, including a likeness management tool CAA is developing with YouTube
Sarah Perez / TechCrunch:
YouTube says it will update its monetization guidelines on July 15, defining “inauthentic” content as “mass-produced and repetitious”, amid a flood of AI slop
 

 
From Techmeme:

Kurt Wagner / Bloomberg:
Sources: Meta is considering deep budget cuts to its metaverse efforts in 2026, potentially as high as 30% and most likely including layoffs as early as January

Kif Leswing / CNBC:
Apple says general counsel Kate Adams and policy chief Lisa Jackson will retire, and Jennifer Newstead, Meta's former chief legal officer, will replace Adams

Will Oremus / Washington Post:
Two studies suggest AI chatbots can shift political views more effectively than TV campaign ads, especially by presenting many claims, regardless of accuracy
 
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