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5:30 PM ET, May 20, 2024

Mediagazer

 Top News: 
Todd Spangler / Variety:
Truth Social's parent company, the Trump Media and Technology Group, reports $771K in Q1 revenue, a net loss of $327.6M, and an operating loss of $12.1M  —  Trump Media and Technology Group, the company affiliated with former U.S. president Donald Trump that operates Truth Social …
Max Tani / Semafor:
Many outlets have increased reliance on Apple News+; The Daily Beast is set to make $3M-$4M from it in 2024, and Time says it delivers a 7-figure annual revenue  —  The Scoop  —  Like many digital publishers, The Daily Beast was struggling at the end of 2023.
Pew Research Center:
About 38% of webpages that existed in 2013 are unavailable now and 8% of pages from 2023 are unavailable; 23% of news pages have at least one broken link  —  38% of webpages that existed in 2013 are no longer accessible a decade later  —  Table of Contents Table of Contents
Sky News:
UK High Court rules that Julian Assange can appeal against his extradition to the US because judges deemed US assurances insufficient  —  The US authorities want to put Julian Assange on trial over 18 charges, nearly all under the Espionage Act, with Monday's decision marking the latest chapter …
Renee DiResta / The Guardian:
How a rightwing smear campaign against NPR and its CEO Katherine Maher, who is on Signal Foundation's board, led Elon Musk to malign Signal  —  Rightwing media personalities on X transmuted a screed against NPR's CEO into a fight over encryption via the Transitive Property of Bad People
RELATED:
Alexandra Canal / Yahoo Finance:   Analysts say Neflix's NFL deal marks a “natural evolution” of the company, which had avoided traditional live sports investments, helping boost its ad business
Alex Barinka / Bloomberg:
A look at Snap's shift towards investing aggressively in AI and AR after revamping its ad business, as it tries to adapt to changing social media habits  —  - Messaging app turns attention to improved, personalized tools  — Company seeks to adapt to changing social media habits
New York Times:
The trial of Ozy founder Carlos Watson began today with jury selection; Watson is charged with trying to defraud investors to raise money for Ozy  —  Mr. Watson's lawyer has argued that many other media leaders lured investors with “puffing and bluffing,” and that Mr. Watson is being singled out because he is Black.
Charlotte Klein / Vanity Fair:
A profile of Charlotte Behrendt, the “inspector general” of NYT's newsroom whose “prosecutorial” style in probing internal matters has rankled some journalists  —  Charlotte Behrendt's “prosecutorial” style in probing internal Times matters has rankled some journalists …
CNN:
Alice Stewart, a CNN political commentator and veteran political adviser who worked on several GOP presidential campaigns, dies at 58  —  Alice Stewart, a veteran political adviser and CNN political commentator who worked on several GOP presidential campaigns, has died.  She was 58.
Charlotte Tobitt / Press Gazette:
UK's Ofcom is considering a statutory sanction against GB News for “serious and repeated” breaches of impartiality rules and aims for a decision within 60 days  —  Broadcast regulator Ofcom has said it is considering a statutory sanction against GB News for “serious and repeated” breaches of due impartiality rules.
 
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 More News: 
Lauren Forristal / TechCrunch:
The CAA partners with Veritone to build a storage system for A-list artists to store their digital assets and get compensated for the use of their AI likeness
Stephen Battaglio / Los Angeles Times:
At the 2024 Upfronts, streaming services dominated with Amazon Prime Video and Netflix making their debut, and live sports and ad tech were given more attention
Daniel Thomas / Financial Times:
Culture secretary Lucy Frazer says the UK is working on rules around the use of creative work for training AI after media and arts executives voiced concerns
Discussion: Music Ally
 Earlier Picks: 
BBC:
Tony O'Reilly, one of Ireland's leading businessmen, who had owned the Independent, Belfast Telegraph, and over 100 newspapers, dies at 88 after a short illness
Alex Sherman / CNBC:
Sources: WBD continues to hold talks with the NBA about keeping the rights, but it's more likely the league signs papers with NBCUniversal, forcing WBD to match
New York Times:
Sources: Sony and Apollo sign NDAs but back away from their $26B offer for Paramount's assets, partly due to Sony shareholders' concerns over streaming costs
 

 
From Techmeme:

Gary Marcus / Marcus on AI:
Apple AI researchers say they found no evidence of formal reasoning in language models and their behavior is better explained by sophisticated pattern matching

Anthony Ha / TechCrunch:
Matt Mullenweg says WordPress is “forking” Advanced Custom Fields, a plugin developed by WP Engine; ACF team says the plugin was taken away “without consent”

Wes Davis / The Verge:
Threads users criticize Meta after the company posted AI-generated images of the Aurora Borealis on its Threads account

 
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