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Judd Legum / Popular Information:
Facebook says it now finds that there is an undisclosed financial relationship between The Daily Wire and Mad World News and will temporarily demote the latter — The Daily Wire's Ben Shapiro (Photo by Rich Polk/Getty Images for Politicon) — Facebook has concluded there is an undisclosed …
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Jack Shafer / Politico:
Companies have little to lose from joining a Facebook boycott during a slow month for ads amid a pandemic; they'll be back, and Facebook will emerge stronger — Every day, it seems, another major corporation joins the advertiser boycott against Facebook. First came The North Face, REI and Patagonia.
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Axios, Pancake Brain, Advocate, Fortune, @joshsternberg, @iainlevine and @dylanbyers
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CNN:
Of the top 25 Facebook advertisers in 2019, which include Uber and Netflix, only three, Microsoft, Starbucks, and Pfizer, have said they are pausing ad spending
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Reuters:
400+ advertisers suspend Facebook ads for a month, as sources say talks with some advertisers broke down; Zuckerberg has agreed to meet with boycott organizers
Discussion:
The Guardian, @nick_clegg, MediaPost, @rmac18, About Facebook, Protocol, @william_fitz, The Verge, @juliacarriew, Forbes, Just The News, Beyond Search, CNET, @mirabarhillel, Music Ally, @amahnke, @shannoncoulter, @notdan, @brendannyhan, @riotta, @david_rudnick, @libshipwreck, @rebootedstef, @ladyhaja, CNN, @alexthomas, @justinhendrix, @zeynep, @shannonvallor, @jbenton, @kargo, @sub8u, @mikeisaac, @carolecadwalla, @arrington, @mmasnick, @katielpaul, @mikeisaac, @berthacoombs, Techdirt, @jayrosen_nyu, @dylanbyers, Breitbart, @jayrosen_nyu, @stevekopack, @mikeisaac, @jrubinblogger, @kenli729, Digital Trends, Search Engine Land, The Week, The Hill, Neowin, VentureBeat and Mediaite, more at Techmeme »
Robert Channick / Chicago Tribune:
Tribune Publishing adds Alden Global Capital's co-founder, Randall Smith, to board, giving Alden 3 of 7 seats, and caps Alden's stake at 33% for another year — Tribune Publishing has struck a deal with its largest shareholder, Alden Global Capital, that adds the hedge fund's co-founder …
Maiysha Kai / The Glow Up:
Following the publication of an open letter alleging mistreatment, misconduct, and mismanagement at Essence, the outlet names Caroline Wanga interim CEO — The pioneering and still most prominent media brand for Black women will once again have one at the helm—at least, for the immediate future.
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Black Female Anonymous, Page Six, @kerrymflynn, @iwriteallday_, @jouelzy, The Wrap and News. Now. Nxt.
Jon Henley / The Guardian:
France allows tax credit for new subscribers to current affairs outlets since the sector is “suffering enormously” due to COVID-19 crisis — Move to support newspapers and magazines follows global slump during pandemic — French MPs have voted to grant a tax credit to anyone taking …
Discussion:
@janebsinger, @rasmus_kleis, @gaufre and National Union of Journalists
Tom Dotan / The Information:
Reuters has told employees that it is planning on putting many of its articles behind a subscription paywall — Reuters is planning on putting many of its articles behind a subscription paywall, the news service told employees. Reuters would become one of the last free news services …
Discussion:
@cityofthetown
J. Clara Chan / The Wrap:
LA Times food editor Peter Meehan has resigned after a series of tweets on Monday alleged that he fostered an abusive workplace environment for his staff — The Los Angeles Times' food editor, Peter Meehan, has resigned from the paper after being accused on social media of fostering an abusive work environment for his employees.
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@rachelkhong, @tammieetc, Columbia Journalism Review, @pfmpfmpfm, New York Times, @kittenwithawhip, @kaelanisays, @rachelkhong, @rachelkhong, @rachelkhong, @mathewi, @leetranlam, @gtherolf, @andyhermannla, @dan_lepard, @seanrobinson1e4, @cfosterworld, @shanegoesforth, @thejadechang, @tomhoffarth, @celineorelse, @zanopticon, @awolfeful, Eater LA, Los Angeles Magazine and Grub Street
Jim Waterson / The Guardian:
The BBC is laying off 450 people, representing a sixth of BBC England staff, to save £25M, per NUJ, and axing regional news show Inside Out — Well-known local presenters to lose jobs and concerns raised about news quality — The BBC is to make 450 staff working on its regional programmes …
Brian Schwartz / CNBC:
In a letter to Michael Pack, senators from both parties voice concerns about Pack's firing of longtime USAGM leaders and say they'll review the agency's funding — - Sens. Lindsey Graham, Marco Rubio and a bipartisan group of senators say they are planning to review the U.S. Global Agency …
Discussion:
@schwartzbcnbc and @penamerica
Manish Singh / TechCrunch:
Facebook says it is shutting down Lasso, its TikTok clone launched a year and a half ago, on July 10 — Facebook is no longer betting on Lasso, an app it launched a year and a half ago, to take on TikTok . The social juggernaut's TikTok clone is shutting down on July 10, Lasso alerted users on Wednesday.
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Variety, @kerrymflynn, Gizmodo, Business Insider, The Verge, Tubefilter, @kawaljit, @mattnavarra, The Wrap, Neowin and Mashable, more at Techmeme »
Kerry Flynn / CNN:
Refinery29 President Amy Emmerich steps down; the site's union called for her resignation in June, and Vice was probing claims of toxic behavior at Refinery29 — New York (CNN Business)Amy Emmerich, global president and chief content officer of Refinery29, announced Thursday that she is stepping down from her position immediately.
Discussion:
@kerrymflynn, Variety, @conniewang, @kerrymflynn and @kerrymflynn
Lucas Shaw / Bloomberg:
Caffeine, which aims to compete with Twitch but focuses on content like rap battles, has raised $113M, led by Fox Corp, Cox Enterprises, and Sanabil Investments — - Fox, Cox Enterprises among investors leading funding round — Music competitions have helped attract 2 million users
Discussion:
@lucas_shaw
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