Top News:
Sharon Knolle / The Wrap:
X files a defamation lawsuit against Media Matters, claiming it “knowingly and maliciously” misrepresented the amount of antisemitic content on the platform — Musk says the watchdog org “would not let truth get in the way of a story” — Elon Musk has followed through …
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Forbes:
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 …
Discussion:
Axios, @elonmusk, The Verge, Ad Age, NBC 7 San Diego, Vanity Fair, @kerrymflynn, The Register, 9to5Mac, TechCrunch, Business Insider, The Wrap, @johnpaczkowski, Mediaite, New York Post, TIME, Alex Konrad on LinkedIn, @voxexsinister.bsky.social, @carnage4life@mas.to, @joelmathis.bsky.social, The Messenger, CBS News, The A.V. Club, Variety and Supercharged
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 — Elon Musk's X, formerly Twitter, has filed a lawsuit alleging defamation by a news organization over claims …
Discussion:
Reuters, The Desk, CNN, The Wrap, Mediaite, Associated Press, The Hollywood Reporter, Reclaim The Net, Bloomberg, The Daily Beast, The Hill, The Messenger and The i Paper, more at Techmeme »
Kylie Robison / Fortune:
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” — KIRSTY WIGGLESWORTH - WPA POOL/GETTY IMAGES — At a Monday all-hands hastily assembled at the last minute at X …
Matt Binder / Mashable:
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.
Max Tani / Semafor:
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
Discussion:
Variety, @walthickey, Financial Times, @maxwelltani, @davidfrum, @chrisharihar, @jhweissmann, @jsrailton, @nsnadeemsarwar, Bloomberg and Deadline
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”
Discussion:
New Yorker, The Information, Reuters, CNN, Axios, @digitalshields, @rmac18, Variety, The Messenger, The Hill, Washington Post, Financial Times, Mediaite, Wired, Business Insider, CBS News, New York Post and The Verge
Jonathan Vanian / CNBC:
Warner Bros. Discovery, Paramount Global, Lionsgate, and Comcast suspend ads on X, joining other media and tech companies
Discussion:
Politico, Rolling Stone, The Hill, NBC 7 San Diego, Press Telegram, The Forward, PRWeek, Business Insider, The Guardian, @mattgertz, @mattbinder, Boing Boing, Music Ally, New York Post, @sherman4949, @sherman4949, Euractiv, Washington Post, Variety, @atomicgiant.bsky.social, @jasondashbailey.bsky.social, Kris Lichter on LinkedIn, The Information, MediaPost, @pallenberg@mastodon.social, Futurism, The Wrap, Variety, Business Insider, NPR, New Republic, Lawyers, Guns & Money and TechCrunch
New York Times:
Disney pauses ad spending on X, joining Lionsgate and IBM
Discussion:
Billboard, Media Voices, @DuBusGuy19@historians.social, The Wrap, Washington Post, prima donna …, CNN, The Information, Vanity Fair, @rmac18, Business Insider, Deadline, The Desk, Jon-Stephen Stansel on LinkedIn, Axios, The A.V. Club, The Hollywood Reporter, Awful Announcing, IndieWire, @HuShuo@mastodon.social, @jeremylittau.bsky.social, Rolling Stone, @TimKarr@mastodon.social, @Nonilex@masto.ai, KNSD-TV, @LALegault@newsie.social, MediaPost, Search Engine Land, Slate and Jewish Telegraphic Agency
Press Gazette:
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 …
Discussion:
Mediaite, Telegraph, Bloomberg, @beerg, @janemartinson, Sky News, New York Post, Financial Times, @markkleinmansky, @markkleinmansky and The Guardian
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Bloomberg:
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
Discussion:
Financial Times, @ianjsilvera, The Guardian, @alexwickham, @simontilford, City A.M. and @tw_seal
Vicky Ge Huang / Wall Street Journal:
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
Discussion:
The Information, NBC 7 San Diego, @barrysilbert, Axios, CoinDesk, @perkinscr97, @keithgrossman, @leomschwartz, The Verge, @kerrymflynn, Cointelegraph, @barrysilbert, @raph_bloch, @caseycraig_, Sara Stratoberdha Stiefler on LinkedIn, Casey Craig on LinkedIn and The Messenger, more at Techmeme »
The Verge:
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 …
Justin Baragona / The Daily Beast:
Sources: Fox News quietly rehires Greg Wilson, who was responsible for the debunked Seth Rich story in 2016, to oversee its website as a weekend managing editor — In this week's edition of Confider, we reveal how Fox News has quietly brought back the editor who pulled the trigger on it disastrous, conspiracy-stoking report.
Discussion:
@justinbaragona
Reuters:
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 …
Charlotte Tobitt / Press Gazette:
UK-based Global and US-based iHeart Media plan to license and distribute each other's podcasts in their home markets; Global signed an ad deal with The Athletic — Global and iHeart Media will license and distribute each other's podcasts in their home markets.
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