Top News:
Sara Fischer / Axios:
X CEO Linda Yaccarino says that “after two incredible years, I've decided to step down”; X hired Yaccarino in 2023 after running NBCUniversal's ad business — X CEO Linda Yaccarino said Wednesday she is stepping down from her role. … - Under her leadership …
Discussion:
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RELATED:
New York Times:
Sources: Linda Yaccarino had discussed her plans to leave with X employees earlier this week, before Grok's antisemitic posts — Linda Yaccarino, whom Elon Musk hired to run X in 2023, grappled with the challenges the company faced after Mr. Musk took over.
Discussion:
Variety, NPR, Cointelegraph, Poynter, Deadline, The Economic Times, Business Insider, TechSpot, MarketWatch, Cryptopolitan, Mashable, Sydney Morning Herald, The Information, Wired, TechIssuesToday.com, The Drum, ABC, Social Media Today, Silicon Republic, Rolling Stone, New York Magazine, TheDesk.net, CBC News, implicator.ai, Decrypt, TechCrunch, One America News Network, Mediaite, 9to5Mac, Futurism, @rmac.bsky.social, Plain Dealer, Fortune, @joshsternberg.com, The Gateway Pundit, theJasmineBRAND, Engadget, Bloomberg, The Wrap, Newsweek, SFist, Entrepreneur, WinBuzzer, Reuters, Inc.com, The Verge, RedState, Digital CxO, The National Pulse, Mother Jones, People, Blockchain News, Le Monde, @clarajeffery.bsky.social, San Francisco Chronicle, Fast Company, Digit, Ars Technica, Los Angeles Times, Barron's Online, The Times, Irish Independent, The Week, @mariopro.bsky.social, Washington Examiner, Jeremy Goldman on LinkedIn, The American Bazaar, CoinGape, Gizmodo, Kotaku, CNN, TheStreet, BBC, ZeroHedge News, @rileytestut@mastodon.social, @ryanlcooper.com, New York Daily News, Wall Street Journal, @igb@mastodon.hccp.org, Yahoo Finance, NBC News, The Decoder, PC Gamer, Barrett Media, Sherwood News, Austin Business Journal, Associated Press, Inside Bitcoins, New York Post, @thedextriarchy.bsky.social and @mattnavarra.com, more at Techmeme »
Wall Street Journal:
Sources: Linda Yaccarino told close contacts that the return of some advertisers and X's merger with xAI, which reduced her role, 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
Discussion:
The Guardian, TVNewsCheck, Adweek, Axios, Bloomberg, The Economic Times, TheStreet, Business Insider, The Information, Straight Arrow News, The Economist, TechCrunch, Rolling Stone and Reuters
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 — Novel investment firm that trades off its reporters' scoops raises fresh capital and plans move into litigation
Camille Bromley / Columbia Journalism Review:
Q&A with Megan Greenwell, author of Bad Company, a book on PE firms' impact on media and other industries, on unionization efforts, nonprofit outlets, and more — A conversation with the author of Bad Company. — In 2019, Megan Greenwell was the editor in chief of Deadspin …
Discussion:
@chameauleon.bsky.social, @stevemullis.net and @genelewisperry.bsky.social
Jessica Davies / Digiday:
Condé Nast and Hearst sign multi-year agreements with Amazon to license their content for use in Amazon's AI shopping assistant Rufus — Condé Nast and Hearst have signed multi-year agreements with Amazon to license their content for use in its AI shopping assistant Rufus.
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 …
Discussion:
Simon Owens's Media Newsletter, @markstenberg3, Business Wire and @simonowens.bsky.social
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 — Hollywood video game voice and motion capture actors signed a new contract with video game studios on Wednesday with a focus …
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.
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 — An excerpt from “Little Red Barns: Hiding the Truth, from Farm to Fable” reveals how the animal agriculture industry created a new model of repression
Matt Smith / Press Gazette:
An interview with Judd Legum about his Substack Popular Information, which has three reporting staff and 20K+ paying subs, with an estimated $1M+ annual revenue — Judd Legum, who runs one of the top US politics paid newsletters, says his journalism and much of what appears on Substack …
Discussion:
@simonowens and The Warning with Steve Schmidt
Daniel Thomas / Financial Times:
Disney and ITV agree a deal to stream hit shows like The Bear and Love Island on each other's platforms for the first time, starting July 16; both can sell ads — Companies hope content-sharing agreement will help them attract new subscribers in fiercely competitive market
