Top News:
Angela Yang / NBC News:
Major outlets including Insider, Variety, and the LA Times had to walk back their reporting about the supposed death of child rapper Lil Tay — A post on Lil Tay's Instagram account announced her death. A day later, it was removed. — Lil Tay's life has always been shocking …
Discussion:
TMZ.com, The A.V. Club, @assignedmedia, @kattenbarge, @kattenbarge, Insider, Vox, @taylorlorenz.bsky.social, @newslitproject.bsky.social, @danielrosney, New York Post, The Daily Beast, The Hill, Los Angeles Times, Rolling Stone, Variety, Decider, New York Daily News, Page Six, The Wrap, Billboard, The Guardian and Mashable
Sam Roberts / New York Times:
Herbert J. Siegel, a billionaire entertainment industry mogul who enabled the 1989 Time Warner merger and sold 10 TV stations to News Corp. in 2000, dies at 95 — As head of Chris-Craft Industries, he played a role in the Time-Warner merger and sold 10 television stations to Rupert Murdoch.
Todd Spangler / Variety:
The IRS files a claim in Vice Media's bankruptcy case saying Refinery29 owes the US government about $40.9M in back taxes, interest, and penalties — A rep for Vice Media Group did not immediately respond to a request for comment on the IRS claim. Vice Media completed the acquisition of Refinery29 …
Discussion:
Fast Company
Ivan Mehta / TechCrunch:
X lowers its eligibility threshold for ad revenue sharing from 15M to 5M impressions in the past three months; Musk: “only views from verified handles count” — Elon Musk-owned social network X, formerly Twitter, said late Thursday that it is lowering requirements for its creator payout program.
Discussion:
@elonmusk, Search Engine Land, @support, @elonmusk, The Verge and Wired, more at Techmeme »
Nicole Gallucci / Decider:
Writers for the series Suits, which aired from 2011 to 2019 and has received renewed interest on Netflix and Peacock, criticize their paltry streaming residuals — As WGA and SAG-AFTRA strikes persist and tens of thousands of people withhold labor in pursuit of equitable streaming residuals …
Discussion:
Screen Rant, @deweycrowe3, @lucas_shaw, @lucas_shaw, @shayz0rz@mastodon.online, Us Weekly, Collider and Los Angeles Times
Sarah Fielding / Engadget:
To fight spam, YouTube plans to deactivate links in Shorts descriptions, comments, and the vertical feed from August 31 and make social media icons unclickable — The move follows other anti-spam measures. — YouTube knows that it has a spam problem, particularly when it comes to its two-year-old Shorts feature.
Georgi Azar / Bloomberg:
FC Barcelona plans to list its content creation unit Barca Media on Nasdaq in Q4 via a SPAC merger valued at $1B — Spanish football's FC Barcelona will list its content creation unit Barca Media in the US via a merger with a special purpose acquisition company that values the combined entity at $1 billion.
Discussion:
Front Office Sports, Sportico, Reuters and Electrek
Danny Goodwin / Search Engine Land:
The New York Times updated its terms of service on August 3, aiming to prevent AI companies from using the media organization's content to train their systems — Many large language models are trained using website content without permission - and some brands are demanding compensatation.
Discussion:
The Wrap, Variety, MediaNama, Search Engine Journal, The Verge, Agence France-Presse, @lauren@mastodon … and Adweek
Mickey Djuric / Canadian Press:
Meta's blocking of news outlets has impacted some satirical websites in Canada, including The Beaverton and The Toronto Harold, requiring appeals to the company — OTTAWA - Luke Gordon Field is trying to figure out how he can explain the concept of deadpan satire to an algorithm. — 3 min to read
Discussion:
@thebeaverton
James Rainey / Los Angeles Times:
Diana Marcum, a Pulitzer Prize-winning former feature writer for the Los Angeles Times, San Bernardino Sun, and Fresno Bee, dies at 60 — Diana Marcum forged a career, and a life, by giving a voice to Californians whom many people didn't take time to notice.
Discussion:
Poynter, @larry_bohannan, @janycemcgregor, @mattdpearce, @nicolemfoy, @demianbulwa, @jaylclendenin, @janycemcgregor, @janycemcgregor and Fresno Bee
Reuters:
News Corp reports Q4 revenue down 9% YoY to $2.43B and profit up 8% YoY to $341M, with digital revenue accounting for over 50% of FY 2023 total revenue — Rupert Murdoch's News Corp (NWSA.O) on Thursday beat quarterly profit estimates thanks to its cost-cutting efforts and talked …
Discussion:
Seeking Alpha, The Guardian, @normative, New York Post, Wall Street Journal and News Corporation
Jacob Granger / Journalism.co.uk:
Blendle, bought by Cafeyn in 2020, is ending micropayments for news articles in the US and Germany on September 4, focusing on subscription bundles instead — News consumers expect all-access, Spotify-style subscription bundles, not small purchases — Credit: Photo by Annie Spratt on Unsplash
Discussion:
@structstories, @davidclinchnews, @jbenton and Nieman Lab
Rohan Goswami / CNBC:
An interview with X CEO Linda Yaccarino on her having “autonomy” under Elon Musk, brands including Coca-Cola and Visa returning under her leadership, and more — WATCH NOW — X Corp. CEO Linda Yaccarino told CNBC that she has “autonomy” under owner Elon Musk in an interview Thursday …
Discussion:
Insider, @mmfa, Gizmodo, @sparrowmedia, Boing Boing, @mmfa, @darthbluesky.bsky.social, Mashable, @mmasnick.bsky.social, @oneunderscore__, @atrupar, @jyarow, @w7voa, @justinbaragona, @junlper, MobileSyrup, CNN, Reclaim The Net, New York Post, TechCrunch, @librarianshipwreck … and The Wrap, more at Techmeme »
RELATED:
Hannah Murphy / Financial Times:
X CEO Linda Yaccarino plans to reinstate the company's “client council”, an invite-only yet-to-be-decided group of marketing and ad executives, in the fall
Discussion:
Media Matters for America, Insider, Fortune, CNN, CNBC, @lindayax, Associated Press, The Information, Reclaim The Net, MediaPost, Ad Age, The Guardian, The Daily Beast, Engadget, PRWeek, TechCrunch, The Wrap, Digiday, Mashable, The Register, Search Engine Land and Forbes, more at Techmeme »
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