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X files a defamation lawsuit against Media Matters, claiming the outlet “knowingly and maliciously” misrepresented the amount of antisemitic content on X — Musk says the watchdog org “would not let truth get in the way of a story” — Elon Musk has followed through on his threat …
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Sources: ad executives told Linda Yaccarino that she is risking her reputation and should step down as X's CEO to make a statement about racism and antisemitism — In the aftermath of IBM, Disney, Apple and others pausing spending on X, formerly known as Twitter, top advertising executives …
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Axios, @elonmusk, The Verge, Engadget, NBC 7 San Diego, @kerrymflynn, The Register, Press Telegram, 9to5Mac, TechCrunch, Business Insider, The Wrap, @johnpaczkowski, Ad Age, Vanity Fair, Media Voices, TIME, The Messenger, New York Post, Alex Konrad on LinkedIn, @voxexsinister.bsky.social, @carnage4life@mas.to, @joelmathis.bsky.social, CBS News, Music Ally, CNN, The A.V. Club, Variety and Supercharged
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Texas' AG, “troubled” by Elon Musk's claims, probes Media Matters, which calls X's suit “frivolous”; X avoids anti-SLAPP statutes by filing in the 5th Circuit — X, formerly Twitter, has followed through with owner Elon Musk's threat to sue the left-leaning nonprofit Media Matters.
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Business Insider, Fox News, Forbes, Mediaite, Politico, New Republic, The Messenger, Boing Boing, New York Post, Vanity Fair and Reclaim The Net, more at Techmeme »
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After big advertisers flee X, right-wing media outlets and influencers pledge to buy ads or donate, like Benny Johnson, Andrew Tate, Gavin McInnes, Babylon Bee — So far, they are at least hundreds of millions of dollars short on making up for X's potential lost revenue. … Disney.
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Sources: Linda Yaccarino asked her son and X executive Matt Madrazo to reach out to GOP ad spenders; X aims for $100M in political ads during the 2024 elections — The Scoop — Linda Yaccarino, the CEO of X, formerly Twitter, has turned the service's Hail Mary bet on an imagined $100 …
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@walthickey, Variety, @maxwelltani, @davidfrum, @chrisharihar, @jhweissmann, @jsrailton, @nsnadeemsarwar, Bloomberg, Financial Times and Business Insider
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At a hastily assembled all-hands, Linda Yaccarino said Media Matters is known “to force a narrative” and asked staff to “be as fiscally responsible as possible”
Devin Coldewey / TechCrunch:
Media Matters' claims that some companies' ads appeared next to antisemitic content do not seem to be “manufactured”, contrary to what X alleges in its suit
Media Matters' claims that some companies' ads appeared next to antisemitic content do not seem to be “manufactured”, contrary to what X alleges in its suit
Caitlin Huston / The Hollywood Reporter:
In a note to employees, Linda Yaccarino says the Media Matters report about ads on X is “misleading” and that X is in the midst of battling “deceptive attacks”
In a note to employees, Linda Yaccarino says the Media Matters report about ads on X is “misleading” and that X is in the midst of battling “deceptive attacks”
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Jeff Zucker's RedBird IMI says it will take control of the Telegraph and Spectator after agreeing to a loan of £600M to repay debts owed by the Barclay family — Abu Dhabi-backed investment fund RedBird IMI has said it is set to take control of the Telegraph and Spectator publications …
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Telegraph, Bloomberg, Mediaite, @beerg, @janemartinson, Sky News, New York Post, Financial Times, @markkleinmansky, @markkleinmansky, The Guardian and Frontpage Mag
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Sources: senior UK ministers, including the business minister and security minister, raised concerns about the possibility of foreign ownership of the Telegraph — - Badenoch, Tugendhat raise worries with Media Secretary Frazer — Lloyds seized the Telegraph titles in June to claw back debts
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Financial Times, @ianjsilvera, @alexwickham, The Guardian, @simontilford, City A.M. and @tw_seal
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Crypto exchange Bullish, run by a former NYSE president, acquires CoinDesk for an undisclosed sum in an all-cash deal; DCG acquired CoinDesk for $500K in 2016 — CoinDesk says former Wall Street Journal Editor in Chief Matt Murray will chair an independent editorial committee
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@barrysilbert, NBC 7 San Diego, Axios, CoinDesk, @perkinscr97, @keithgrossman, @leomschwartz, The Verge, @kerrymflynn, Cointelegraph, @barrysilbert, @raph_bloch, The Information, @caseycraig_, Sara Stratoberdha Stiefler on LinkedIn, Casey Craig on LinkedIn and The Messenger, more at Techmeme »
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Epic v. Google: a Google exec confirms that Spotify pays no commission when users buy subscriptions via Spotify's payment system and 4% when they pay via Google — Music streaming service Spotify struck a seemingly unique and highly generous deal with Google for Android-based payments …
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TechCrunch, Engadget, Android Central and Music Ally, more at Techmeme »
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LADbible Group launches a tech website to help build on the brand's existing Unilad Tech social pages, after the audience for its tech content grew 187% YoY — The launch builds on Unilad Tech's social audience of 18 million followers. — Ladbible Group has launched a dedicated tech website …
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A look at a campaign for the US State Department to label Alsu Kurmasheva as wrongfully detained, committing the US to work to secure her release from Russia — The family and employer of Alsu Kurmasheva, a dual U.S.-Russian citizen, say she has been targeted because she is an American and a journalist
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Radio Free Europe/Radio …
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Belal Jadallah, who led the board of the Press House-Palestine, and two freelance journalists were killed in Gaza over the weekend, per relatives — The head of a prominent media institution in Gaza and two other journalists were killed during the weekend in Israel's offensive in the territory …