Top News:
Alex Weprin / The Hollywood Reporter:
Fox Corp. buys TMZ from WarnerMedia, source says for less than $50M; Harvey Levin has signed a multi-year contract to keep running the gossip brand — As AT&T's WarnerMedia sheds the asset, founder Harvey Levin has signed a multi-year deal with Fox and will keep overseeing day-to-day operations.
Discussion:
Wall Street Journal, CNN, The Wrap, New York Post, Variety, @jbflint, @kerrymflynn, NPR, Los Angeles Times, @pkafka, @tomgara, Axios, @jbflint, @bobbyonmain, @alexweprin, @alexsalvinews, @aherman2006, @marksweney, @blowryontv, Mediaite, @b52malmet, @bradmichelson, @mpfied, @alexweprin, Decider, @ckrewson, @loudmouthjulia and @rulingsports
Discussion:
Kerry Flynn / CNN: TMZ sold to Fox Entertainment
Alexandra Steigrad / New York Post: Fox buys celebrity news and gossip site TMZ from AT&T's WarnerMedia
Cynthia Littleton / Variety: Fox Corp. Acquires TMZ in $50 Million Deal, Expanding Digital News Operations
Joe Flint / @jbflint: As expected, Fox has acquired from AT&T celebrity news specialist TMZ, with which it already has deep ties https://www.wsj.com/... via @WSJ
@kerrymflynn: WarnerMedia has sold TMZ to Fox Entertainment “The unique and powerful brand Harvey has created in TMZ has forever changed the entertainment industry and we're excited to welcome them to FOX.” - Lachlan Murdoch https://www.cnn.com/...
Stephen Battaglio / Los Angeles Times: TMZ, purveyor of celebrity news and gossip, joins the Murdoch empire
Peter Kafka / @pkafka: Gap between TMZ's influence and reported value is striking. https://twitter.com/...
Tom Gara / @tomgara: TMZ being valued at considerably less than the Call Her Daddy podcast is an unexpected outcome https://www.hollywoodreporter.com/ ...
Sara Fischer / Axios: WarnerMedia sells TMZ to Fox Entertainment
Joe Flint / @jbflint: Fox got TMZ for under $50 million. It had advantage of being only buyer and AT&T was a motivated seller. Furthermore, Harvey Levin was likely to walk if TMZ stayed at WarnerMedia. Now he's on board with Fox. https://www.wsj.com/... via @WSJ
Bobby / @bobbyonmain: *guy who's only seen succession* omg this is just like succession https://twitter.com/...
Alex Weprin / @alexweprin: Rupert Murdoch, who redefined the business of gossip with Page Six and The Sun, is buying out the guy who redefined gossip for the digital age with TMZ. https://www.hollywoodreporter.com/ ...
Alex Salvi / @alexsalvinews: Fox Buys TMZ In Deal Valued at Less Than $50M: As AT&T's WarnerMedia sheds the asset, founder Harvey Levin has signed a multi-year deal with Fox and will keep overseeing day-to-day operations. @alexweprin https://www.hollywoodreporter.com/ ...
Mark Sweney / @marksweney: Rupert Murdoch's Fox buys celebrity Showbiz new site TMZ for around $50m, The Sun of the North American digital world (and beyond).
Brian Lowry / @blowryontv: Makes sense all around. A marriage made in, um... https://twitter.com/...
Sarah Rumpf / Mediaite: AT&T's WarnerMedia Sells TMZ To Fox Entertainment for Reportedly Less Than $50 Million
Barbara Malmet / @b52malmet: Chump change for Rupert. https://www.hollywoodreporter.com/ ...
Brad Michelson / @bradmichelson: lol on-brand https://twitter.com/...
Alex Weprin / @alexweprin: New: Fox has bought TMZ from WarnerMedia. Some notes: Deal is valued at less than $50M, and Harvey Levin has signed a multi-year contract to keep running the gossip company: https://www.hollywoodreporter.com/ ...
Fletcher Peters / Decider: Fox Entertainment Buys TMZ From WarnerMedia in Reported Sub-$50 Million Deal
Chris Krewson / @ckrewson: Politico: $1 billion. The Hill: $130 million. TMZ: <$50 million. Wait, what...? https://nypost.com/...
Bennett Madison / Gawker:
A young adult novelist confesses to writing fake letters to Slate's advice column and duping Tucker Carlson into discussing an obviously phony scenario on air — Sometime at the tail end of 2018, shortly after abandoning yet another draft of what was supposed to be my fifth Young Adult novel …
Discussion:
@morten, @pbump, @lisafleisher, @caitlindewey, @kenlowery, @lmlauramarsh, @zunguzungu, @bernstein, @dkthomp, @cahnemily, @thelincoln, @ishaantharoor, @lindsayism, @rachelrwithers, @aedwardslevy, @oneunderscore__, @dwaldenwrites, @dandrezner, @esotericcd, @charlesflehman, @acsifferlin, @justinbaragona, @bencjacobs, @urbanachievr, @leahfinnegan, @kittypurrzog, @davidmackau, @katiebakes, @jscros and Mediaite
Discussion:
@morten: Tucker Carlson's researchers will believe just about anything they read on the internet. https://www.gawker.com/... https://twitter.com/...
Philip Bump / @pbump: Sadly, this important investigation by Mr. Carlson was a function of a fake advice-column letter. https://www.gawker.com/... https://twitter.com/...
Lisa Fleisher / @lisafleisher: “I don't have a child, much less one who's a vessel for a demon; nevertheless, I felt misunderstood.” https://www.gawker.com/...
Caitlin Dewey / @caitlindewey: This is the best thing new Gawker has published https://www.gawker.com/...
Ken Lowery / @kenlowery: Between this and the “buckle up fucknuts” ahistory threads I feel like we got a real bad “Bored YA Writer” problem https://twitter.com/...
Laura Marsh / @lmlauramarsh: tbh Slate should start paying novelists to do this full time https://www.gawker.com/...
Aaron Bady / @zunguzungu: I have no basis for this, but I choose to believe—because it's funnier—that this person didn't even write these fake letters, that the Gawker article claiming to have done so is the fake https://www.gawker.com/...
Joe Bernstein / @bernstein: Well, this is the most satisfying thing I've read in ages https://www.gawker.com/...
Derek Thompson / @dkthomp: this essay confirms my priors about advice column letters so perfectly that it's almost too perfect and now i half-wonder whether the “i'm the fake advice letter” writer is faking the fake, and we're still nested in a fractal babushka doll set of fakery https://www.gawker.com/...
Emily C. Singer / @cahnemily: OK this is all insane but the funniest part is that a Dear Prudence letter about a husband wearing a mask even during sex was fake, and T*cker C*rlson ran it as a segment on his deranged, racist, fucked up Fox News show https://www.gawker.com/...
Lincoln Michel / @thelincoln: Reading Dear Prudence letters is a guilty pleasure but, yes, I'm always blown away by how many are clearly fake. Then again, my timeline seems to think every obviously fake reddit AITA or r/relationships post is real too so... https://www.gawker.com/...
Ishaan Tharoor / @ishaantharoor: “While part of me was excited to have duped a dweeb like Tucker Carlson with such an obviously phony scenario, I was disturbed to have provided chum for the pro-Covid, bleach-drinking lunatics in his audience.” https://www.gawker.com/...
Lindsay Robertson / @lindsayism: Knowing about @bennettmadison's Prudie “grift” was like the only thing that made me feel cool! (Esp. when I correctly identified his work.) I thought about it *all* the time, but never tried my hand at the game. End of an era. https://www.gawker.com/...
Rachel Withers / @rachelrwithers: As a former Slate intern who used to triage an insane number of Dear Prudence letters (circa 2017), I hate this. As a reader, I love this, bravo. https://www.gawker.com/...
Ariel Edwards-Levy / @aedwardslevy: obviously this is sort of an “all you have is a hammer” reaction but...this is a very good example of the dangers of convenience samples! https://www.gawker.com/...
Ben Collins / @oneunderscore__: An unsurprising update: It was based on an obvious troll. https://www.gawker.com/... https://twitter.com/...
Dan Walden / @dwaldenwrites: this is christmas for the deranged advice column connoisseurs https://www.gawker.com/...
Daniel W. Drezner / @dandrezner: “Over the next couple of years, I used burner email accounts to submit around 25 letters to Dear Prudence, at least 12 of which were answered on either the printed column or the podcast.” https://www.gawker.com/...
@esotericcd: Confirming once and for all that Slate's “Dear Prudence” is really just “Penthouse Letters” for bored creatively frustrated hipster Brooklynites: https://www.gawker.com/...
Charles Fain Lehman / @charlesflehman: This basically confirms my suspicion that every time there's an outrageous Slate letter everyone shares on here, it's probably fake. https://www.gawker.com/...
Alexandra Sifferlin / @acsifferlin: This is amazing, and reminds me of my least favorite thing on this site which is when adults get upset about r/relationships postings that are obviously not real https://www.gawker.com/...
Justin Baragona / @justinbaragona: Remember how Tucker Carlson and Clay Travis devoted a whole primetime news segment about a Dear Prudence letter showing “terrified liberals” were keeping their masks on during sex? Well, about that... https://www.gawker.com/... https://twitter.com/...
Ben Jacobs / @bencjacobs: I had thought that all Slate letters were just written by @jim_newell https://www.gawker.com/...
Christian Vanderbrouk / @urbanachievr: “I used burner email accounts to submit around 25 letters to Dear Prudence, at least 12 of which were answered on either the printed column or the podcast.” https://www.gawker.com/...
Leah Finnegan / @leahfinnegan: the first true media scandal of the biden era... https://www.gawker.com/...
Katie Herzog / @kittypurrzog: I take back everything I've said about gawker, this is hilarious https://www.gawker.com/...
Kim Lyons / The Verge:
Litecoin spiked ~20% after several news outlets, including Reuters and CNBC, reported that Walmart would begin accepting it based on a fake press release — GlobeNewswire, the site where the hoax release was posted, said it came from a fraudulent user account.
Discussion:
@nickbilton, CNBC, @rachaelrad, @loganbartlett, @dbreunig, @reuterstech, @peterschiff, @neerajka, @fredbenenson, ScreenRant, @lanceulanoff, @area224, @robpegoraro, @dangillmor, @harrymccracken, @fintechfrank, @neerajka, @carnage4life, @oliverdarcy, @prestonjbyrne, CoinDesk, UPI, Gizmodo and CoinDesk, more at Techmeme »
Discussion:
Nick Bilton / @nickbilton: Litecoin tweeted a bogus press release that Walmart planned to start accepting Litecoin. Mainstream outlets picked it up, without checking, even fake-quoting Walmart's CEO. All part of a giant pump and dump. Only a matter of time before the industry is heavily regulated. https://twitter.com/...
Rachael Horwitz / @rachaelrad: This is not unique to crypto. Media has a duty to verify stories. There is no excuse for this many outlets getting this (non)story this wrong. Crypto is a fast-moving technology and it is hard. Still, journalists/editors have to get smart about it ASAP. https://twitter.com/...
Logan Bartlett / @loganbartlett: Some investors work years to generate 50% returns. I did it in 15 minutes this morning with litecoin. Here's how 👇 🧵
Drew Breunig / @dbreunig: They thought Walmart was going to accept *Litecoin* lol https://seekingalpha.com/...
@reuterstech: CORRECTION: Walmart says a press release regarding the retailer's partnership with cryptocurrency litecoin is fake https://www.reuters.com/... We will delete a previous tweet reporting on the partnership https://twitter.com/...
Peter Schiff / @peterschiff: This morning @CNBC was duped into helping orchestrate a pump-and-dump in #Litecoin, which also lifted #Bitcoin, by promoting a false headline that Walmart had partnered with Litecoin to accept #crypto currency payments. CNBC's crypto bias helped the fraudsters pull off this scam.
Neeraj K. Agrawal / @neerajka: 1) it's not in their newsroom https://corporate.walmart.com/ ... 2) the wire account for “Walmart Inc” hasn't posted anything else https://www.globenewswire.com/ ... 3) the contact email is @ https://walmart-corp.com/, which is owned by a squatter (h/t @tomhschmidt)
@fredbenenson: Crypto continuing to successfully rediscover all the innovations and depravities of the finance industry. it's not like regulation has been effective at solving this kind of problem before oh wait https://twitter.com/...
Joseph Scotting / ScreenRant: Fake Press Release For Walmart-Litecoin Partnership Spikes Crypto Price
Lance Ulanoff / @lanceulanoff: All of it, a brilliant April Fool's hoax in September https://twitter.com/... ht: @Angel_Sau
Dave Van de Walle / @area224: @fintechfrank There are TWO press release distributors that Walmart would use: BusinessWire or PR Newswire. This is flipping elementary... A Fortune 50 company wouldn't use Globe Newswire.
Rob Pegoraro / @robpegoraro: Pathetic. My profession seems to have gone from “if your mother says she loves you, check it out” to “if your mother says she's going to pay your allowance in an altcoin, smash that publish button to get those sweet cryptocurrency-fan clicks.” https://twitter.com/...
Dan Gillmor / @dangillmor: Who needs doctored/invented images/videos when you can get news organizations to publish fictional press releases? https://www.theverge.com/... Journalism remains a key attack surface for the manipulators and con artists.
Harry McCracken / @harrymccracken: Shades of the Emulex fake press release scam from 2000. https://www.cnet.com/... https://twitter.com/...
Frank Chaparro / @fintechfrank: “Walmart was the subject of a fake news release issued on Monday, Sept. 13, that falsely stated Walmart announced a partnership with Litecoin (LTC). Walmart had no knowledge of the press release issued by GlobeNewswire, and it is incorrect. Walmart has no relationship with LTC” https://twitter.com/...
Neeraj K. Agrawal / @neerajka: the reason mainstream publications dropped this ball is simple. They generally don't pay attention to cryptocurrency so they didn't think to question ‘why tf did they choose litecoin’
Dare Obasanjo / @carnage4life: How did every major financial news site run with a bogus sounding news story that turned out to be a pump & dump? The story makes too little sense to not email Walmart PR before running headlines. 🤷🏾♂ ️ https://twitter.com/... https://twitter.com/...
Oliver Darcy / @oliverdarcy: Hours later, CNBC has added a formal correction to its story. https://twitter.com/...
Preston Byrne / @prestonjbyrne: The industry is already heavily regulated, this is in the CFTC and DOJ's bailiwick. Given that you are a journalist I don't expect you to know anything about crypto, as this morning's events made clear https://twitter.com/...
David Z. Morris / CoinDesk: How Media Fell for a Lucrative Lie About Walmart
Lucas Ropek / Gizmodo: Litecoin Price Thrown Into Chaos After Hoax Announcement of Partnership with Walmart
Jamie Crawley / CoinDesk: Price of Litecoin Spikes on Fake Walmart Press Release
Rose Hill / Mirror:
Andrew Neil says he has resigned as chairman of GB News — Broadcaster Andrew Neil, 72, has said that he has decided to ‘cut back’ on a number of his work commitments — Andrew Neil has resigned as chairman on GB News, with the channel offering a statement following his sudden exit.
Discussion:
@afneil, Telegraph, @jimwaterson, @gbnews, Conquest of the Useless, The Guardian, @colinbraziergbn, @dawnbutlerbrent, @gbnews, @jimwaterson, @scottygb, @aljwhite, @marypcbuk, @chrismcphaii, @kevin_maguire, @oliverdarcy, @paul__johnson, @petepaphides, @jimwaterson, @lionelbarber, @gbnews, @aameranwar, @edmorrish, @sturdyalex, @hkesvani, @juliahb1, @bbcpaulmurphy, @owenjones84, @scottygb, @rewearmouth, Financial Times, BBC, Guido Fawkes and City A.M.
Discussion:
Ben Woods / Telegraph: Andrew Neil quits GB News
Jim Waterson / @jimwaterson: And the winner of the 2021 Nostradamus Award goes to @matt for his GB News predictions from May. https://onaudio.mattdeegan.com/ ... https://twitter.com/...
@gbnews: Our Chairman and Presenter Andrew Neil has stepped down from his roles at GB News and will instead appear as a regular guest commentator on our shows.
Mic Wright / Conquest of the Useless: GB Losers: The only thing less surprising than Andrew Neil quitting is that Michael Gove is a disgusting human being
Colin Brazier / @colinbraziergbn: Andrew has been an inspiration to all of us at GB News. We look forward to seeing him again on the channel as a contributor. And, yes, having minded the shop for a few weeks, it'll be nice to have my name above the door. @GBNEWS https://twitter.com/...
Dawn Butler MP✊🏾💙 / @dawnbut …: Well well well... I wonder what the last straw was? Andrew Neil go on give us a clue... @afneil https://twitter.com/...
@gbnews: Andrew is without doubt one of the finest journalists and interviewers in this country. GB News thanks him for his 12 months of leadership, wisdom and advice and we wish him well.
Jim Waterson / @jimwaterson: Host and guest. https://twitter.com/...
Alan White / @aljwhite: So farewell, Andrew Neil You presented eight (8) editions of your GB News show And said You would not slavishly follow the existing news agenda And railed against cancel culture But now, you too, have been cancelled By yourself (with apologies to EJ Thribb)
Mary Branscombe / @marypcbuk: I actually thought Andrew Neil had resigned a while back but the naivety of thinking Gammon Broadcasting wasn't going to be all culture war all the time https://twitter.com/...
Chris McPhail / @chrismcphaii: Can't believe you thought a UK InfoWars was gonna work, you out of touch freak. @afneil https://twitter.com/...
Kevin Maguire / @kevin_maguire: Elvis has left the building https://www.mirror.co.uk/...
Oliver Darcy / @oliverdarcy: “Andrew Neil has resigned as chairman and presenter of GB News in the wake of a bitter rift with senior management and the board.” https://www.telegraph.co.uk/ ...
Paul Johnson / @paul__johnson: ‘GB News will deliver a huge range of voices that reflect the views and values of our UK’ -Andrew Neil, 14 June Andrew Neil quits GB News -13 September
Pete Paphides / @petepaphides: The more I look at this tweet, the cleverer it gets. Six words that explain GB News's demise & also remind us that this is still, at its core, a reasonable nation & we should be wary of outside forces that try & make it seem otherwise by moving the centre to the right. Six words. https://twitter.com/...
Jim Waterson / @jimwaterson: Andrew Neil, who in some legal sense is still linked to GB News, is due to be a guest on BBC Question Time this Thursday from Croydon. They pre-record Question Time at 8pm so sadly he won't be able to watch the episode of The Andrew Neil Show that's on GB News at the same time.
Lionel Barber / @lionelbarber: Outfoxed, on all fronts. The best interviewer and presenter in British television throws in the towel at GB News. Channel Four, seize the moment! @MichaelLCrick https://twitter.com/...
@gbnews: “I am sorry to go but I have concluded it's time to reduce my commitments... I wish GB News well in continuing to fulfil its founding promise and mission to reach audiences currently underserved by existing news broadcasters”
@aameranwar: Such wonderful leadership, in fact ‘revolutionary’ in the field of modern media- Bravo what a few weeks of making ‘history’ that was 🍾😂🤡 https://twitter.com/...
Alex Andreou / @sturdyalex: Bots don't watch telly. Who knew. https://twitter.com/...
@hkesvani: @afneil Andrew, I'm sorry that your shows weren't enough to cut through some of the channel's finest work https://twitter.com/...
Julia Hartley-Brewer / @juliahb1: I don't care where I get to watch or listen to @afneil, I just think British broadcasting is poorer when it doesn't include the voice of Andrew Neil. https://twitter.com/...
Owen Jones / @owenjones84: Turns out we did know more than him https://twitter.com/... https://twitter.com/...
Scott Bryan / @scottygb: British TV shows that had more episodes than shows presented by Andrew Neil at @GBNews: - Fawlty Towers - Mr Bean - Spaced - The Mighty Boosh - The Office (UK) - Fleabag
Rachel Wearmouth / @rewearmouth: A lot of journos were persuaded to make the leap to GBN because of Andrew Neil. I imagine they feel let down right now. https://twitter.com/...
Alistair Gray / Financial Times: Andrew Neil exits GB News raising uncertainty over channel's future
Christian Calgie / Guido Fawkes: Andrew Neil Resigns as GB News Chairman and Presenter
Michiel Willems / City A.M.: Andrew Neil resigns as chairman of GB News
RELATED:
Jake Kanter / The Times:
Sources: several top presenters and producers are considering leaving GB News, as its increasingly populist agenda divides the newsroom
Sources: several top presenters and producers are considering leaving GB News, as its increasingly populist agenda divides the newsroom
Discussion:
@lukemcgee, @sturdyalex, @thetimes, @emmakennedy, @edhottv, @andrew_graeme, @mattholehouse, @thetimes, @defencebrief, @damocrat, @leomontague91 and @jake_kanter
Discussion:
Luke McGee / @lukemcgee: I don't mean this as a compliment as such, but Fox News is very slick and well produced. They have a long way to go before being Fox News https://twitter.com/...
Alex Andreou / @sturdyalex: Maybe Darren Grimes was a guest? https://twitter.com/...
@thetimes: But GB News's ratings continue to be a concern. Some shows register zero viewers and many others are in the low thousands Only today, political commentator Tom Harwood launched his new show, The Briefing, with a chyron spelling his name as Tom Hardwood https://www.thetimes.co.uk/...
Emma Kennedy / @emmakennedy: The funniest thing about this is that the ones deciding to stay think they're on a par with Fox News. No, you're on a par with a sub standard student media project rustled shoddily together as a dare. https://twitter.com/...
Andrew Smith / @andrew_graeme: It was never going to be anything other than this. As soon as it was announced that it was being launched in order to oppose ‘wokeness’ it was obvious it'd be a right wing populist car crash. They should never have embarrassed themselves by joining it in the first place. https://twitter.com/...
Matthew Holehouse / @mattholehouse: Some irony in a channel whose USP is understanding what the British public really think to have overestimated its appeal by such magnitude. The sort of error that might emerge from a “media bubble,” or perhaps “out of touch group think”... https://twitter.com/...
@thetimes: The future of GB News hangs in the balance after Andrew Neil confirmed his resignation, senior producers quit and other presenters were said to be considering their position. https://www.thetimes.co.uk/...
Nicholas Diable / @defencebrief: Why though? Isn't this the whole point of GBNews? It seems to be doing exactly what they said it would be doing so I'm not sure why all these journalists are surprised. https://twitter.com/...
Samantha Subin / CNBC:
Intuit says it has agreed to acquire Mailchimp for $12B in cash and stock — - Intuit will buy email marketing company Mailchimp for $12 billion, the companies announced Monday. — Intuit said it will use the acquisition to accelerate growth among small business clients.
Discussion:
Business Wire, @danprimack, Wall Street Journal, @sarafischer, Axios, @sasan_goodarzi, @acce, @ryanqualtrics, @harrymccracken, @torrenegra, Nonsense & Ingredients, @davempayne, @stop, @intuit, @mijustin, @danacimilluca, @asanwal, @benchestnut, @chrisferdinandi, @davepell, @microacquire, @levynews, @eghosao, @kimbui, @larahbalazs, Bloomberg, @chriscantino, @halvorson, @edmundlee, @anthony, @jenny8lee, @yoda, TechCrunch, @pauljudge, @mailchimp, @padresj, @dz, @tanayj, @dugsong, @ericjackson and ZDNet, more at Techmeme »
Discussion:
Dan Primack / @danprimack: It's official: Intuit buying Mailchimp. https://www.businesswire.com/ ... Largest sale ever of a bootstrapped company. https://www.axios.com/...
Sara Fischer / @sarafischer: It's done. @Intuit, the parent to TurboTax, QuickBooks, Mint, Credit Karma, is acquiring @Mailchimp, the 20yo email marketing giant for $12B in cash & stock Why it matters, per @danprimack: MailChimp hasn't taken any outside funding since its 2001 founding https://www.businesswire.com/ ...
Dan Primack / Axios: Intuit to buy Mailchimp for $12 billion
Sasan Goodarzi / @sasan_goodarzi: I am proud to announce our plans to add @Mailchimp to our @Intuit platform. Together, we will deliver an innovative customer growth platform to help our customers grow and run their businesses with confidence. https://www.intuit.com/... https://twitter.com/...
Alex Chriss / @acce: You and your team have built an incredible product and brand @benchestnut that I have long admired and we are so fired up to bring the @Mailchimp and @QuickBooks teams together on a single mission to help small businesses GROW! 🚀🚀🚀 https://twitter.com/...
Ryan Smith / @ryanqualtrics: Congrats @benchestnut & @Mailchimp team. $12B sale after 20 years of bootstrapping. The first rule of a lottery ticket... If it looks like a lottery ticket... its probably not. Great reminder that it always pays to play the long game. https://twitter.com/...
Harry McCracken / @harrymccracken: Sounds logical as a transaction, but bittersweet nonetheless. The sad story of Mint—I know it's very different than this deal—still rings in my ears. https://twitter.com/...
Alexander Torrenegra / @torrenegra: Mailchimp was bootstrapped and today it is being acquired for $12 billion. This is a good reminder that raising venture capital is just one of many options for entrepreneurs. https://www.investors.intuit.com/ ...
Alesh / Nonsense & Ingredients: Intuit's Acquisition of Mailchimp and its Journey to Every Small Business Owner's Heart
Dave Payne / @davempayne: It has been incredible watching @benchestnut & @dkurzius build @Mailchimp over the years. The Scoutmob offices on the Westside of ATL were right next to theirs, so me and @tavani had a front row seat. Their journey was absolutely amazing to watch. https://twitter.com/...
Doug Bowman / @stop: Wow, what a story. Slogging it out over 20 years through bumps and turns, turning away investments, earning (and sometimes betraying) user trust, and expanding the platform. I'm honestly a little skeptical of Intuit's intentions and track record. But this feels huge regardless. https://twitter.com/...
@intuit: We're excited to announce our plans to add @Mailchimp to our platform alongside @TurboTax, @QuickBooks, @Mint & @CreditKarma. We have a shared passion for helping small businesses. Together, we'll better help our customers grow & run their businesses. https://www.intuit.com/... https://twitter.com/...
Justin Jackson / @mijustin: This deal makes Intuit's acquisition of Mint in 2009 for $170 million seem like peanuts. The Mailchimp deal is 70x bigger; and Mint had ~$30 million in funding. https://mint.intuit.com/...
Dana Cimilluca / @danacimilluca: TURBO CHARGE: Intuit poised to pony up $12 billion for Mailchimp as TurboTax maker looks to broaden offerings. Scoop from @CaraRLombardo & @miriamgottfried https://www.wsj.com/...
Ben Chestnut / @benchestnut: Today marks the beginning of @Mailchimp's next chapter of growth and success. We plan to join forces with @Intuit, accelerating our mission to empower small businesses around the world. https://www.intuit.com/...
@chrisferdinandi: This is absolutely terrible news. Intuit makes some of the worst software on the web, and their customer support is fucking abysmal. https://twitter.com/...
Dave Pell / @davepell: Wow. Congrats to @benchestnut and the team @Mailchimp. From Bootstrapped to $12 billion. When they said email was the killer app, they weren't kidding. https://twitter.com/...
@microacquire: Bootstrapping to tres commas is rare today but won't be in the future https://twitter.com/...
Ari Levy / @levynews: Fifth $10 bln+ tech deal this year Square - Afterpay: $29 bln Microsoft - Nuance: $16 bln Zoom - Five9: $14.7 bln Thoma Bravo - Proofpoint - $12.3 bln Intuit - Mailchimp: $12 bln https://www.cnbc.com/...
Eghosa Omoigui / @eghosao: Selling a bootstrapped company for $12b is all the 2021 vigor we all need. https://www.axios.com/... Congrats to Mailchimp. Built an indispensable product (that touched hundreds of millions of people) and powered it with conviction. $INTU Tip @Techmeme
P. Kim Bui / @kimbui: This ew is why I left mailchimp and went to @buttondown https://twitter.com/...
Lara Hood Balazs / @larahbalazs: Welcome @Mailchimp! Along with @QuickBooks, we are thrilled to support small and mid-size businesses by helping them get online, get and retain customers and grow their business. https://twitter.com/...
@chriscantino: Bootstrapped startup exits for $12B after building for twenty years? Yes, we love to see it. https://www.axios.com/...
Kristina Halvorson / @halvorson: Welp, there goes Mailchimp for $12 billion. Guess that voice and tone style guide really paid off. https://investors.intuit.com/ ...
Edmund Lee / @edmundlee: $12 billion is a lot of emails ... one of the best exits ever? https://twitter.com/...
Anthony DeRosa / @anthony: WSJ EXCLUSIVE: TurboTax maker Intuit is close to a deal to buy email-marketing pioneer Mailchimp for about $12 billion https://www.wsj.com/...
@jenny8lee: Amazed @benchestnut and team bootstrapped @Mailchimp. They've always been a good corporate citizen and sponsor (remember the Serial commercials?). Sponsored our hackathons and SXSW parties. My small role is that a tweet from me helped prompt the a audition of @tinyletter. https://twitter.com/...
Alex Wilhelm / TechCrunch: Intuit confirms $12B deal to buy Mailchimp
Paul Judge, Ph.D. / @pauljudge: Congrats @benchestnut and @Mailchimp 🙌🏾. Amazing people built an amazing company. Can't wait to see what you do together with @Intuit #Atlanta #Georgia #Southeast https://twitter.com/...
@mailchimp: 📢 We have some big news to share: @Intuit is acquiring Mailchimp! Like us, understanding small businesses is in Intuit's DNA. Together, we'll take our marketing platform to the next level to help solve our customers' biggest problems. https://www.intuit.com/...
Fr. Robert R. Ballecer / @padresj: So... when does congress pass a law to make DIY email marketing illegal and/or extremely confusing? https://www.cnbc.com/...
David Zhou / @dz: best wishes to all my mailchimp friends today — and may all of you hopefully see a fair share of that $12b https://investors.intuit.com/ ...
Tanay Jaipuria / @tanayj: Intuit to acquire Mailchimp for $12B (15x Mailchimp's 2020 Revenues) to helps SMBs better grow their business. Mailchimp has over 13M users and did ~$800M in revenue in 2020 (20% y/y growth) of which 95% was recurring.
Dug Song / @dugsong: Congrats to Ben and fellow monkeys on the largest sale ever ($12B!) of • a private software company • a self-funded company • an SMB software company • a marketing software company and the 3rd largest in SaaS! 🐒#ListenHardChangeFast #BetterWeirderMoreHuman https://twitter.com/... https://twitter.com/...
Eric Jackson / @ericjackson: Who needs a VC? https://twitter.com/...
Stephen Battaglio / Los Angeles Times:
Fox News' subscription streaming service Fox Nation acquires Cops, the reality TV show pulled off air last year amid the George Floyd protests — “Cops,” the reality TV series depicting law enforcement in action, was pulled off the air last year after 32 seasons amid the nationwide protests …
Discussion:
Variety, @stevebattaglio, @mattgertz, @alexweprin, @jbenton, @onaircoop, @brianstelter, The Streamable, The Wrap, TVNewser, TVLine, The Hill and Hollywood Reporter
Discussion:
Brian Steinberg / Variety: ‘Cops’ Revival Picked Up by Fox Nation
Stephen Battaglio / @stevebattaglio: Read it here first: Banished reality hit ‘Cops’ will return on Fox News Media's streaming service https://www.latimes.com/... @latimes
Matthew Gertz / @mattgertz: I hope none of the Fox News hosts obsessed with stopping political correctness find out that their network's streaming service is doing an explicitly and deliberately “woke” version of COPS that features racial quotas for offenders featured on the show. https://www.latimes.com/... https://twitter.com/...
Alex Weprin / @alexweprin: Fox News is reviving “Cops,” while Dan Abrams says that “Live PD” or “something just like it” may return to TV soon: https://www.hollywoodreporter.com/ ...
Joshua Benton / @jbenton: For anyone worried there might no longer be a home in polite society for a show about heroic cops chasing dastardly black people, Fox News is here to prove you wrong https://www.latimes.com/...
@onaircoop: Oh what Fox can do with this property. COPS: Portland and COPS: Rise of Antifa and COPS: So What If COVID is The #1 Cop Killer? https://twitter.com/...
Brian Stelter / @brianstelter: “Fox Nation has acquired 33 new episodes of the series from Langley Productions, some of which were being filmed at the time of its cancellation, plus 15 more from the previous season” https://twitter.com/...
Lindsey Ellefson / The Wrap: ‘Cops’ Reboot to Air on Fox Nation Beginning Oct 1
A.J. Katz / TVNewser: Fox Nation Picks Up Cops
Ryan Schwartz / TVLine: Cops Finds New Home on Fox Nation
Dominick Mastrangelo / The Hill: Fox Nation bringing back TV show ‘Cops’ after cancellation following George Floyd protests
Lucas Shaw / Bloomberg:
Puck formally unveils its website and says it will soon launch a paywall, which will give readers access to stories, live events, and personal time with writers — Puck was founded by four media veterans in New York. — Julia Ioffe was finishing up a book earlier this year when she decided it was time to get a full-time job.
Discussion:
Puck, @juliaioffe, @lucas_shaw, @beniaminov, @clarissaward, @tina_nguyen, @juliaioffe, @sarafischer and @raju
Discussion:
Jon Kelly / Puck: This Is Us: The Story of Puck
Julia Ioffe / @juliaioffe: Puck is officially launched!!!! If you haven't yet, subscribe here: https://puck.news/ https://www.bloomberg.com/...
Lucas Shaw / @lucas_shaw: Every journalist seems to have or want a newsletter these days. @PuckNews hired a handful of top journalists to write them and built a company around it. I spoke with @MattBelloni @juliaioffe and @baratunde about the experiment. https://www.bloomberg.com/...
Dmitry Beniaminov / @beniaminov: I subscribed to @PuckNews mainly because of @juliaioffe's phenomenal writing. Any other authors featured on that platform - is just icing on the cake. Please #support Julia's work, and show that outlets like this can thrive and self-sustain. https://twitter.com/...
Clarissa Ward / @clarissaward: Congratulations to @juliaioffe and the team at @PuckNews for the official launch of what promises to a fantastic addition to the media world.
Tina Nguyen / @tina_nguyen: .@business wrote up our launch and what we're about at @PuckNews, and @baratunde summed it up pretty well: “I've ranted a lot in my tech criticism life about having people work for free to support platforms.Having some ownership feels overdue.” https://www.bloomberg.com/...
Julia Ioffe / @juliaioffe: Why I joined @PuckNews. https://www.bloomberg.com/...
Dan Rys / Billboard:
RIAA: music streaming revenue grew 26% YoY in H1 to $5.9B, comprising 84% of all revenue; paid sub revenue grew 26% to $4.6B, ad-supported grew 54% to $741M — Recorded music revenues in the United States in the first half of 2021 returned to double-digit growth a year after the pandemic slowed …
Discussion:
Medium, insideradio.com, MediaPost, Complete Music Update, AllAccess.com, RIAA, Variety and Music Business Worldwide, more at Techmeme »
Ben Smith / New York Times:
Fire and Fury author Michael Wolff continues teasing out stories from powerful people in his new book Too Famous, while remaining light on source attributions — In his new book, the author of “Fire and Fury” continues his specialty: teasing out stories from men in power.
Discussion:
@kantrowitz, The Time of Monsters, @willoremus, @sarahw, @benyt, @dfriedman33, @page88, @prchovanec, @dylanbyers, @jonlemire, @tomphilpott, @markhorowitz, @joanwalsh, @mathewi, @michaelwolffnyc, @carloslozadawp, @chuckrossdc, @joyannreid, @therickwilson, @davidgura, @justinhendrix, @fergusonnews, @daveweigel, The Wrap, Insider, @swin24, @heerjeet, @maggienyt, Mediaite, The Guardian and The Week
Discussion:
Alex Kantrowitz / @kantrowitz: This story about Steve Bannon coaching Jeffrey Epstein through a practice 60 Minutes interview is insane. https://www.nytimes.com/... via @benyt https://twitter.com/...
Will Oremus / @willoremus: This @benyt column is a delicious tea party but it's interesting how much more lightheartedly @MichaelWolffNYC's journalistic sins are treated than @ronanfarrow's alleged slip-ups. https://www.nytimes.com/... https://twitter.com/...
Sarah Weinman / @sarahw: This is a hell of a paragraph https://www.nytimes.com/... https://twitter.com/...
Ben Smith / @benyt: News: Steve Bannon helped Jeffrey Epstein prepare for a planned TV interview, per @MichaelWolffNYC's new book. Bannon says he was actually compiling footage for a previously unreported documentary https://www.nytimes.com/...
Dan Friedman / @dfriedman33: Steve Bannon, who of late has lived on the $30M yacht of Chinese billionaire Guo Wengui, while helping Guo advance false and bizarre conspiracy theories, faults others for having “dined off” someone's “money and influence.” https://www.nytimes.com/... https://twitter.com/...
Virginia Heffernan / @page88: Interesting by @benyt and indeed a great last line. I've also come to admire @MichaelWolffNYC for hustling the hustlers. Even as I've felt the Wolff lash myself. Dammit. https://twitter.com/...
Patrick Chovanec / @prchovanec: Somehow this doesn't surprise me in the least. https://twitter.com/...
Dylan Byers / @dylanbyers: My first boss was @MichaelWolffNYC, my second was @benyt. Here's @benyt on @MichaelWolffNYC: https://www.nytimes.com/...
Jonathan Lemire / @jonlemire: And Mr. Carlson, for one, was happy to sit down with Mr. Wolff. “He is one of the last interesting people in American media,” Mr. Carlson texted me. “Anyone who doubts that should have lunch with him.” https://www.nytimes.com/...
Tom Philpott / @tomphilpott: Reminder that the faux philanthropist who bewitched so many prominent US scientists, professors, pols, tycoons, etc was not only a sexual predator but also an open scientific racist. https://www.nytimes.com/... https://twitter.com/...
Mark Horowitz / @markhorowitz: @MichaelWolffNYC's ability to get the story, despite constant contempt and disparagement from mainstream journalists, especially at the Times, is the subtext here. It's almost a confession from the self-appointed gatekeepers that maybe they were wrong. https://www.nytimes.com/...
Joan Walsh / @joanwalsh: Fascinating piece. But was Bannon media-coaching Epstein, or doing a documentary on his “depravity?” Super murky here. Loved this: Bannon advised Epstein not to share his racist theories on how Black people learn. (Sounds like coaching.) https://www.nytimes.com/...
Mathew Ingram / @mathewi: Ben Smith says Michael Wolff doesn't consider himself a journalist, and on that at least we are agreed: https://www.nytimes.com/...
Michael Wolff / @michaelwolffnyc: A small note about @Benyt's piece referencing Epstein/Bannon. The full story about Epstein's last days is vastly more detailed and revealing with a view into his inner circe and Epstein speaking at length and on the record. https://www.amazon.com/...
Carlos Lozada / @carloslozadawp: “When I was thinking last year about writing a book, I asked him how to do it. He told me, You start with a blank piece of paper, and on the top, you write the amount of money you want.” https://www.nytimes.com/...
Joy-Ann / @joyannreid: Does it surprise me that Steve Bannon was Jeffrey Epstein's media coach? Why no, not at all. It's all one big, rotting, festering, pustule on the far right. (And @MichaelWolffNYC somehow gets them all to talk...) https://www.nytimes.com/... https://twitter.com/...
Rick Wilson / @therickwilson: The opening grafs on Bannon media-training Jeffrey Epstein are remarkable... https://twitter.com/...
David Gura / @davidgura: “It's a curious fact of journalism that it has many rules, but the most successful journalists seem to be the ones who are always breaking them.” https://www.nytimes.com/...
Justin Hendrix / @justinhendrix: Come for the news about the relationship between Steve Bannon + Jeffrey Epstein, stay for the dagger line “allowing him to finally afford the lifestyle he had already been living” re: Wolff's $3 million his bought with proceeds from Fire and Fury.... https://twitter.com/...
Sarah Ferguson / @fergusonnews: This piece is so brilliant I am spluttering “allowing him to finally afford the lifestyle he had already been living.” https://twitter.com/...
Dave Weigel / @daveweigel: “Jeffrey Epstein... is sitting in the vast study of his New York mansion mansion with a camera pointed at him as he practices for a big ‘60 Minutes’ interview that would never take place. The media trainer is a familiar figure: Steve Bannon.” https://www.nytimes.com/...
Lindsey Ellefson / The Wrap: Steve Bannon Coached Jeffrey Epstein to Appear ‘Friendly’ and ‘Sympathetic’ on TV
Jake Lahut / Insider: Jeffrey Epstein got media training from Steve Bannon for a ‘60 Minutes’ interview that never happened, according to report
Asawin Suebsaeng / @swin24: “Mr. Wolff — who dislikes the j-word, and considers himself a writer...” Then why is his prose so fucking bad, like someone rammed Michael Lewis thru a wood chipper and then sat the lumps of viscera in front of a MacBook https://twitter.com/...
Jeet Heer / @heerjeet: The Epstein/Bannon business is in this very illuminating @benyt piece about Michael Wolff https://www.nytimes.com/...
Maggie Haberman / @maggienyt: Golly gee was Michael Wolff surprised the Trump White House in fact functioned how the rest of us were writing when he was trying to gain access by trashing us in 2017, he tells @benyt https://www.nytimes.com/...
Aidan McLaughlin / Mediaite: Steve Bannon Reportedly Coached Jeffrey Epstein on How to Respond to Sex Abuse Allegations
Paul Farhi / Washington Post:
A history of the modern TV news crawl, launched by Fox News and followed by other national news networks to feed viewer's need for constant news on 9/11 — The shock and panic of Sept. 11, 2001, faded with time. But the crawl endured. — Fox News was the first that day.
Discussion:
@amyargetsinger, @notrobwalker, @sulliview, @itsokihaveabook, @robmarmet, The Art of Noticing and @niemanlab
Discussion:
Amy Argetsinger / @amyargetsinger: NEW from @farhip “In the years after the terrorist attacks, the crawls remained, becoming little conveyor belts of doom and dread.” https://www.washingtonpost.com/ ...
Rob Walker / @notrobwalker: Excellent @farhip piece on how a piece of info design we now take for granted — “the crawl” on cable news — can be traced to 9/11. (I actually remember this happening — and even late night shows making jokes about it. Now it's “normal”.) https://www.washingtonpost.com/ ...
@sulliview: The ‘crawl’ fed our need for constant news on 9/11. It never went away. ... Well reported and observed from @farhip in @PostStyle https://www.washingtonpost.com/ ...
Jarch / @itsokihaveabook: “little conveyor belts of doom and dread” https://www.washingtonpost.com/ ...
Rob Marmet / @robmarmet: If I had a dollar for every time I got yelled at for the crawl not being up during my 14+ year TV news career... I would have a nice little nest egg. https://twitter.com/...
Dawn Megli / Poynter:
A look at the trauma of local reporters for whom the line between personal and professional life is far more blurred than for national or foreign correspondents — In community journalism, trauma comes with the territory but mental health resources often do not — A local Marine died this summer while serving overseas.
Discussion:
@poynter, @hollyvhays, @davidglaubke, @noelle_phillips, @reporterdawn, @toacornnews, @mediathoughts, @ashleyfitznl, @kristenhare and @ilanakeller
Discussion:
@poynter: “When you're working in local journalism, the line between one's personal and professional life is far more blurred than for national or foreign correspondents, who often parachute into a community to cover an event and leave.” https://www.poynter.org/...
Holly Hays / @hollyvhays: “Even if a local reporter doesn't know the person whom they're interviewing, they know the place. Whether it's a fatal car crash or a body found in a park, reporting on these events paints layers of pain over everyday places. There's simply nowhere to hide.” https://twitter.com/...
David Glaubke / @davidglaubke: Every journalism school should be having a conversation about local journalist trauma and it should start with this article by @ReporterDawn in @Poynter https://www.poynter.org/...
Noelle Phillips / @noelle_phillips: “All pain is local. It has a face and a name and it is our job to personalize and humanize the events we cover....” https://www.poynter.org/...
Dawn Megli / @reporterdawn: “The Bible calls us to mourn with those who mourn. I've found local journalism calls us to do the same.” From a mass shooting to losing my mom's best friend, community reporting has been a ministry of tears. I wrote about the emotional toll for @Poynter: https://www.poynter.org/...
Thousand Oaks Acorn / @toacornnews: Our very own @ReporterDawn details the mental health challenges of local reporting: “Whether it's a fatal car crash or a body found in a park, reporting on these events paints layers of pain over everyday places. There's simply nowhere to hide.” https://twitter.com/...
@mediathoughts: For local journalists, there's nowhere to hide from trauma https://www.poynter.org/... @Poynter #usfcaMS
Ashley Fitzpatrick / @ashleyfitznl: “All pain is local” - So much so right in this piece @ReporterDawn. A lot to be said about the value of local news and lack of resources. Our news deserts (yes in NL) need attention, but so too the people keeping up the fight at the desert's edge. You know who you are. https://twitter.com/...
Brian Schwartz / CNBC:
Three media companies linked to wealthy Chinese exile Guo Wengui, including GTV Media, reach a $539M+ settlement with SEC for offering unregistered securities — - The SEC has charged three media companies linked to wealthy Chinese exile Guo Wengui with illegal unregistered securities offerings.
Discussion:
U.S. Securities …, @kelmej, @truefactsstated, @secgov, @lrozen, @bobfu4china, @dfriedman33, @ushadrons, @profcarroll, @danprimack, @jamesfourm, @wendysiegelman, @felixsalmon, @sarafischer, Gizmodo, Insider, Financial Times, Axios and Reuters
Discussion:
U.S. Securities and Exchange Commission: SEC Charges Three Media Companies with Illegal Offerings of Stock and Digital Assets
Kellie Mejdrich / @kelmej: Not only did three media companies linked to a Chinese billionaire exile (who also happens to be ally of Steve Bannon) agree to pay the SEC more than $539 million over unregistered stock and crypto security offerings (https://www.sec.gov/...) ....
SEC / @secgov: Today, we announced charges to three media companies for illegal unregistered offerings of GTV common stock & a digital asset security referred to as G-Coins or G-Dollars. Over $539 million will be paid in settlement & distributed to investors. More: https://ow.ly/... https://twitter.com/...
Laura Rozen / @lrozen: note in last graf the investigation continues: “...The SEC's continuing investigation is being conducted by....” https://twitter.com/...
@bobfu4china: Major penalties against Miles Wengui Guo by SEC today. First step for initial justice. More to come. https://www.sec.gov/...
Dan Friedman / @dfriedman33: Guo is also defendant in a slew of lawsuits related to this conduct. (Suits in Ariz, Calif, NY) Mostly Chinese speaking around the world claim they put up money buy GTV but got nothing for it. This settlement sets up a “Fair Fund” to pay off such claims. https://twitter.com/...
@ushadrons: The wheels of Justice appear to move slow, but with a little time and some persistent focused work....Justice comes. https://www.sec.gov/...
David Carroll / @profcarroll: Bannon's sugar daddies settling with the feds for epic fraud (see also Mercer settlement with IRS) https://twitter.com/...
Dan Primack / @danprimack: Media firms linked to Chinese billionaire Guo Wengui settle SEC charges for $539 million https://www.axios.com/... by @sarafischer and @felixsalmon
Jay McKenzie / @jamesfourm: Apparently crypto scams are “populism” now. Media companies linked to Steve Bannon pal Guo Wengui reach $539 million SEC settlement for illegal offerings https://www.cnbc.com/...
Wendy Siegelman / @wendysiegelman: SEC charges 3 companies tied to Guo Wengui (Steve Bannon biz partner) with illegal offerings of stock & digital assets - GTV Media Group, Saraca Media Group, Voice of Guo Media to pay $539+ million in settlement for distribution to investors HT @ushadrons https://www.sec.gov/... https://twitter.com/...
Felix Salmon / @felixsalmon: I'm glad the SEC is cracking down now, but honestly when these folks were raising $487 million from the general public that should have been obvious to the SEC at the time, and they should have shut the whole thing down then and there. https://www.sec.gov/...
Sara Fischer / @sarafischer: NEW: The SEC has charged 3 media companies linked to Guo Wengui — a Chinese businessman with links to Steve Bannon — with illegal offerings of stock and digital assets from April 2020 - June 2020. Respondents have agreed to pay $539 million+ to settle. https://www.sec.gov/...
Tom McKay / Gizmodo: Companies Tied to Fugitive Chinese Billionaire Behind Right-Wing Social Network Must Pay SEC $539 Million Settlement