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:
@lindayax, The Guardian, @elonmusk, Engadget, CBS News, Variety, HuffPost, Wall Street Journal, Digiday, @kylebrussell, Adweek, 9News, The Hollywood Reporter, @chilangolandia.bsky.social, SiliconANGLE, PYMNTS.com, @unclecranky.bsky.social, Business Insider, @msderohanes.bsky.social, Breitbart, @bristei, @apeemoji.bsky.social, @kantrowitz, Mediaite, @jakesherman, @0xkrma, The Independent, @siltyloam.bsky.social, @timprice.bsky.social, @alradley.com, @clayranck.bsky.social, UPI, PCMag, @thanksihateit603.bsky.social, Mashable, Robert Rose on LinkedIn, The Gateway Pundit, Fortune, Futurism, Crypto Briefing, @leftwingbarner.bsky.social, Fast Company, @murderwizard.bsky.social, Lauren Brewster on LinkedIn, Raw Story, @shannonisblue.bsky.social, The Daily Caller, @dancow.bsky.social, TMZ.com, Fortune India, BelfastTelegraph.co.uk, New York Daily News, NDTV Profit, @hwtunnt.bsky.social, @edwardodell.bsky.social, @champagnevideo.bsky.social, @filmmakerjulie.bsky.social, Telegraph, Moneycontrol, @cassiuskent.bsky.social, Business Standard, Fox Business, Politico, NewsMax.com, MSNBC, Newser, @kevinwardrop.nitemayr.com, @bayareadata.press, Mirror, @thegrimrecapper.bsky.social, The Indian Express, Wall Street Journal, @ryancasey.dev, @lauralupardus.bsky.social, @jazwgn.bsky.social, Observer, TESLARATI, @trosen76.bsky.social, TVNewsCheck, Washington Post, @warriorrabbit.bsky.social, @bgrueskin.bsky.social, @markgongloff.bsky.social, @malwarejake.bsky.social, @noahdahl.bsky.social, The Post Millennial, @r.v.cx, @malwarejake.bsky.social, @dceiver.bsky.social, @sonicherosfan.bsky.social, Decrypt, Associated Press, @electproject.bsky.social, @gaius.bsky.social, Bloomberg, Financial Times, TechCrunch, @jacobharr.is, @whitesided.bsky.social, @brendelbored.bsky.social, @mama-roxy.bsky.social, @eddierobson.bsky.social, New York Post, @boldroastrev.bsky.social, CNN, @nycsouthpaw.bsky.social, Reuters, NBC News, @jarjour.bsky.social, @sighjinks.bsky.social, @markellinwood.bsky.social, @evilgalprods.bsky.social, @revdjesq.bsky.social, CNBC, @emily.gorcen.ski, @pjsauer.bsky.social, @peebsy0.bsky.social, @carlnyberg312.bsky.social, @paretooptimizer.bsky.social, The Wrap, @erikhane.bsky.social, @karlbode.com, @mobute.bsky.social, @stupidlikeafox.bsky.social, @johnvoelcker.bsky.social, @veryimportant.lawyer, @hammancheez.bsky.social, @dankennedy.net, @garethwatkins.bsky.social, @niedermeyer.online, @joshsternberg.com, Deadline, Barrett Media, BMI, MacDailyNews, The Hill, Sherwood News and The Verge, more at Techmeme »
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, Rolling Stone, Deadline, NPR, TechCrunch, The Information, Wired, Sydney Morning Herald, implicator.ai, The Verge, Decrypt, TechIssuesToday.com, The Economic Times, Reuters, CNN, NBC News, TheDesk.net, People, The Drum, ABC, Entrepreneur, @rmac.bsky.social, Plain Dealer, Social Media Today, Le Monde, Engadget, Mother Jones, New York Magazine, Futurism, CBC News, Bloomberg, Inc.com, 9to5Mac, SFist, theJasmineBRAND, @joshsternberg.com, WinBuzzer, Fortune, The Gateway Pundit, RedState, One America News Network, Digital CxO, Mediaite, MarketWatch, The Wrap, Newsweek, Blockchain News, @clarajeffery.bsky.social, San Francisco Chronicle, Fast Company, Digit, Cryptopolitan, 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, Grabien, TheStreet, ZeroHedge News, BBC, The National Pulse, @rileytestut@mastodon.social, @ryanlcooper.com, Wall Street Journal, @igb@mastodon.hccp.org, Yahoo Finance, New York Daily News, CNBC, The Decoder, Sherwood News, Associated Press, Barrett Media, Inside Bitcoins, Austin Business Journal, New York Post, Business Insider, @thedextriarchy.bsky.social, The Hill, TVNewsCheck, Euractiv, Metro.co.uk, Daily Sabah, PC Gamer, @mattnavarra.com, Forbes, Time, Digiday, israelhayom.com and HuffPost, 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:
Axios, Adweek, TechCrunch, Business Insider, TheStreet, The Information, Straight Arrow News, The Economist, Rolling Stone, Reuters and New Republic, more at Techmeme »
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.
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
BBC:
MasterChef production company Banijay fires host Gregg Wallace after an inquiry into alleged misconduct; 50+ people told the BBC about allegations about Wallace — Gregg Wallace has been sacked as MasterChef presenter as a result of an inquiry into alleged misconduct, BBC News understands.
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
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 — Victims think they're talking to Keanu Reeves. Or Kevin Costner. Then come the pleas for cash.
Discussion:
NextDraft, @davidblue.bsky.social, @akelacooper.bsky.social, Oh No They Didn't! and Dexerto
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:
Business Wire, @simonowens.bsky.social, Simon Owens's Media Newsletter and @markstenberg3
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
Ben Mullin / @benmullin:
In an email to WaPo staff, Will Lewis asks those who do not feel aligned with the paper's “significant reinvention” to consider taking buyouts — Will Lewis emails the Washington Post staff, encouraging those who “do not feel aligned” with the company's future plans to consider the buyout offer. [image]
Discussion:
The Wrap
Benoit Berthelot / Bloomberg:
France's antitrust regulator has notified Meta of a potential antitrust violation, accusing it of abusing its dominant position in the online ad sector — France's antitrust regulator said it notified Meta Platforms Inc. of a potential violation of competition rules relating to the online advertising sector.
Discussion:
Gambling Industry News, Verdict, Reuters, Cryptopolitan and Autorité de la concurrence
