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5:30 AM ET, October 5, 2024

Mediagazer

 Top News: 
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 …
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 …
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.
Discussion: The Desk, Variety and TVNewsCheck
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.
Dominic Ponsford / Press Gazette:
Leading UK cultural figures decry Observer's planned sale to Tortoise as “a betrayal” of liberal journalism; Guardian, Observer staff consider striking  —  Guardian and Observer journalists have agreed they may take industrial action in protest at plans to sell The Observer to Tortoise Media.
Charlotte Tobitt / Press Gazette:
A UK judge rules that GB News can challenge an Ofcom ruling about a Q&A show with Rishi Sunak in a court hearing, but says Ofcom can keep pursuing sanctions  —  But the broadcaster failed in its bid to temporarily block Ofcom from publishing a sanction against it.
Ben Cohen / Wall Street Journal:
A look at Google NotebookLM's Audio Overview feature, which was built by Google Labs and has gone viral thanks to its the Deep Dive podcast with two AI 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.
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.
Dan Rys / Billboard:
Warner Music Group and Meta strike a multiyear licensing deal across all Meta platforms, including WhatsApp for the first time  —  The deal will cover WhatsApp for the first time and includes an agreement to jointly tackle issues around generative AI on Meta's platforms.
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  —  WBD is beginning the search for Steinlauf's replacement. … WBD chief revenue and strategy officer Bruce Campbell announced Steinlauf's looming exit Friday …
Reuters:
Shares of Nature publisher Springer Nature opened at €24 in its Frankfurt IPO; the academic publisher priced its IPO at €22.5, giving it a ~€4.5B valuation  —  Springer Nature's (SPGG.DE) shares opened at 24 euros in its Frankfurt initial public offering (IPO) on Friday …
 
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 More News: 
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
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
Discussion: Oregonian
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
 Earlier Picks: 
Ivan Mehta / TechCrunch:
Spotify launches Offline Backup, which automatically makes recently streamed and now playing queued songs available as an offline playlist for Premium users
Amanda Meade / The Guardian:
A study finds Australia has the second-highest media concentration in the world after Brazil; in the newspaper sector, four companies control 84% of the market
Bloomberg:
Sources: the NFL is in talks with Skydance Media and its major investor RedBird Capital Partners that could result in a sale of NFL Media and NFL Network