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5:05 PM ET, October 7, 2021


 Top News: 
Ozy received $5.7M in PPP loans, most of which was specifically earmarked for payroll, but former employees whose pay was cut say they didn't see the money  —  - Ozy Media, which is under fire after several reports detailed questionable business practices at the company, took two separate PPP loans for a total of $5.7 million.
Dan Primack / Axios:
Sources: Ozy solicited investors this year by claiming GV, formerly Google Ventures, was going to lead a new funding round, though no such offer was made  —  Ozy Media might have a securities fraud situation that has nothing to do with its infamous conference call.
Sara Fischer / Axios:
Google and YouTube say they will prohibit ads and monetization on content that denies climate change, starting next month  —  Google and YouTube on Thursday announced a new policy that prohibits climate deniers from being able to monetize their content on its platforms via ads or creator payments.
Megan Brenan / Gallup:
Survey: 36% of Americans have a great or fair deal of trust in mass media, the second lowest on record, while 34% have no trust at all  —  WASHINGTON, D.C. — Americans' trust in the media to report the news fully, accurately and fairly has edged down four percentage points since last year to 36% …
Twitch Blog:
Twitch says a server configuration change left data exposed on the internet and let a third-party access its data  —  [10:30PM PT] We have learned that some data was exposed to the internet due to an error in a Twitch server configuration change that was subsequently accessed by a malicious third party.
Chris Scullion / Video Games Chronicle:
Twitch acknowledges a “breach” after a 4chan user leaks its source code, creator payouts from 2019-2021, proprietary SDKs, internal AWS services, and more
Todd Spangler / Variety:
IAC's digital publishing arm Dotdash acquires Meredith, publisher of People and other magazines, in a $2.7B all-cash deal  —  Meredith, the media company home to publications including People, EW, Better Homes & Gardens and InStyle, will become part of Dotdash, the digital publishing division …
YouTube says it has removed R. Kelly's official channels following his conviction for sex trafficking, though his music catalog will remain on YouTube Music  —  Alphabet Inc's (GOOGL.O) YouTube said it has removed R&B singer R. Kelly's channels from its video platform, distancing itself …
Oriana Gonzalez / Axios:
In a letter, over 100 prominent Latin American figures urge NYT's publisher to keep producing Spanish-written opinion journalism for its NYT en Español division  —  Over 100 prominent figures in Latin America are urging The New York Times' publisher to not stop publishing Spanish …
Discussion: Editor and Publisher
Sources: Blackstone is in talks with Merck Mercuriadis, a former Beyoncé manager who runs UK-based Hipgnosis, to create a fund of ~$1B to buy music copyrights  —  - Buyout firm may give $1 billion in firepower to buy copyrights  — Former Beyoncé manager behind booming market for song catalogs
Mike Butcher / TechCrunch:
Webrazzi, a Turkish outlet that covers tech startups, acquires, a tech startup site founded in 2013 by a TechCrunch alum  —  Webrazzi, the main tech startup media title in Turkey, has acquired, the long-time tech startup site in Europe.  The pooled entity of Webrazzi and …
Ben Hunte / VICE:
Sources: BBC won't renew membership in a diversity program run by LGBTQ charity Stonewall, which provides advice on creating an inclusive environment  —  LGBTQ staff at the BBC told VICE World News they are “super scared” by the implications of the decision.  —  BH
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 More News: 
Tom Warren / The Verge:
UK's Sky unveils Sky Glass, a 4K TV in 43", 55", or 65" that uses Wi-Fi instead of satellite dishes, available as a standalone or as part of Sky Ultimate TV
Eric Berger / Ars Technica:
A new Russian law essentially bans a variety of space topics for reporters and bloggers, likely reducing coverage of Roscosmos within the country
Yashraj Sharma / Rest of World:
Instagram usage exploded in India after the TikTok ban, but the creator economy is still devastated, and critics say Reels content is comparatively bland
 Earlier Picks: 
Twitter is selling mobile ad subsidiary MoPub to AppLovin for $1.05B, after acquiring it for nearly $350M in 2013
Craig Newmark Graduate School of Journalism:
Comparative analysis finds that the Black press publishes more coverage on racism, health disparities, and voting access than the US mainstream media
Alex Heath / The Verge:
Brandon Silverman, the founder and CEO of the Facebook-owned analytics tool CrowdTangle, is leaving the company; team members were reassigned several months ago
John Shiffman / Reuters:
Review of court records details AT&T's role in creating and funding OANN; 90% of OANN's revenue comes from contracts with DirecTV and other AT&T services