GroupM expects global ad spending excluding political advertising to grow 7.8% in 2024, a bump from its original 5.3% forecast; Dentsu also bumped its forecast (Digiday)

Mediagazer: GroupM expects global ad spending excluding political advertising to grow 7.8% in 2024, a bump from its original 5.3% forecast; Dentsu also bumped its forecast (Digiday)

Top News:

Wired:

Yahoo debuts a revamped version of its free Yahoo News app, powered by Artifact's AI tech, after acquiring the Instagram co-founders' news app in April 2024— Artifact, the news app startup from Instagram's cofounders, was purchased by Yahoo earlier this year.
Discussion:

Will Shanklin /
Engadget: Yahoo News gets an AI-powered overhaul

Andrew Machado /
Andrew Machado on LinkedIn: Today we unveiled a completely redesigned Yahoo News mobile app and Yahoo.com in the US. — The new app is all about delivering a much more personalized news experience. …

Coleen O'Lear /
Coleen O'Lear on LinkedIn: You know I live for launching news products! 🚀 This one will forever be near and dear ... my first launch at Yahoo News was a big one. …

Vera H-C Chan /
Vera H-C Chan on LinkedIn: AI scaling up human ingenuity is key (and not the other way around). Glad to see Yahoo continue to make strides in this area. …

Caragh Fisher O'Connor /
Caragh Fisher O'Connor on LinkedIn: The new era of Yahoo News is here - and it's pretty great! Today we introduce a brand new mobile app and homepage powered by the incredible AI technology …

Jim Lanzone /
@jlanzone: @kevin @mikeyk Also important to note that the app is grounded in partnerships with a huge number of curated content sources across dozens of categories - reducing spam/noise - and we share revenue with those partners.

Jim Lanzone /
@jlanzone: It's alive. Yahoo+Artifact app launches today. Thanks @kevin and @mikeyk for helping us make it happen. Killer roadmap ahead - so much more we can do here.

Natalie Korach /
The Wrap: Yahoo News Integrates Artifact AI Technology Into Reimagined App - Here's What's Different

RELATED:

TechCrunch:

Yahoo confirms it has been testing an AI summaries feature for a few months on the Yahoo News website for a small, single-digit percentage of articles— Yahoo's AI push isn't over just yet. The company, also TechCrunch's parent, recently launched AI-powered features for Yahoo Mail …

Whither news?:

A look at the problems of new legislation to support journalism, through state tax money or fees on Big Tech, in California, New York, and Canada— Newspaper lobbyists look out only for themselves — Whither news? — · — Just now — California legislators have amended …

Discussion:
@danablankenhorn@threads.net, @pehoco@threads.net, @timmcguire, @progresschamber, @gaufre, @jeffjarvis, @gaufre and @jeffjarvis

Discussion:

Dana Blankenhorn /
@danablankenhorn@threads.net: Investors need to save journalism. Politicians can't.

Peter Coish /
@pehoco@threads.net: Canada's clown of a PM thinks he took on Big Tech and won. He didn't. And Canadians don't seem to care. https://www.michaelgeist.ca/ ... @progresschamber: After taking a year to fix CJPA, the bill still suffers from the same issues: it still sends money to hedge funds and Fox News. It still results in local outlets losing link traffic. Check out @jeffjarvis's post on CJPA's problems: https://medium.com/... @gaufre: @jeffjarvis We've introduced a ton of better language to ensure the money support the jobs and transparency. @jeffjarvis: New post on the bad newspaper legislation in California, New York, and Canada. “If you're going to pass laws to support journalism, then don't support news as it was, support news as it could be.” https://medium.com/...

Press Gazette:

Investigation: Google returned AI-written summaries for ~25% of news-related US search queries in mid-May 2024, with organic links pushed far down the page— The dramatic impact of Google's AI-written summaries on search result visibility for publishers has been revealed through exclusive new research.

Discussion:
Future Media, Dominic Ponsford on LinkedIn, @laurahelmuth@mastodon.social and KHOU-TV

Discussion:

Dominic Ponsford /
Dominic Ponsford on LinkedIn: Today Press Gazette publishes the first major research into the impact of AI Overviews on publisher search discoverability. …

Laura Helmuth /
@laurahelmuth@mastodon.social: Google serving up AI responses to HEALTH-related queries is one of the most dangerous applications of this whole stupid thing. Anyway, bookmark and subscribe to trusted sources of information while you can still find them. https://pressgazette.co.uk/...

Nieman Reports:

Q&A with Ibrahaim Abdelbaki, the editor of BBC Arabic's Lifeline Service in Gaza, on providing information to displaced citizens, reporting challenges, and more— How the BBC Arabic's Lifeline Service in Gaza is delivering vital information to displaced citizens and airing first-hand accounts of survivors.

Digiday:

GroupM expects global ad spending excluding political advertising to grow 7.8% in 2024, a bump from its original 5.3% forecast; Dentsu also bumped its forecast— Don't ever say that uncertainty stops ad spending. — So far this year, it's held up strong despite regional conflicts …

Discussion:
Gregory Jensen on LinkedIn, @digiday and WORLD SCREEN

Discussion:

Gregory Jensen /
Gregory Jensen on LinkedIn: Whew. Unpredictable as ever, global ad spending forecasts, which exclude political ad spend, indicate ad spend is rising more quickly … @digiday: Don't ever say that uncertainty stops ad spending. So far this year, it's held up strong despite regional conflicts, sticky inflation, high borrowing costs and the possibility of several markets slipping into a recession. https://digiday.com/...

Mansha Daswani /
WORLD SCREEN: GroupM: 2024 Adspend To Rise 7.8 Percent

New York Times:

Disney and Ron DeSantis reach a 15-year agreement to let Disney undertake a $17B expansion of Walt Disney World near Orlando; Disney will end all litigation— The deal locks in a 15-year expansion plan for Disney World and clears a path for Disney to restart political donations in Florida.

Discussion:
Los Angeles Times, Associated Press, Fox Business, Gizmodo, Axios, Reuters, Orlando Sentinel, The Wrap, Quartz and CNN

Discussion:

Samantha Masunaga /
Los Angeles Times: Florida tourism board approves Walt Disney World expansion plans, ending Disney-DeSantis feud

Mike Schneider /
Associated Press: With deal done, Disney will withdraw lawsuit, ending conflict with DeSantis and his appointees

Gordon Jackson /
Gizmodo: Disney Buries the Hatchet With Ron DeSantis in Huge New Land Deal

Rebecca Falconer /
Axios: DeSantis appointees approve Disney World resort development plan

Skyler Swisher /
Orlando Sentinel: 'It's great for Orlando': $17B Disney World development plan gets final approval

Kayla Cobb /
The Wrap: Disney and DeSantis End Florida Feud, Making Way for $17B Disney World Development

Press Gazette:

UK nonprofit The Bureau of Investigative Journalism launches paid memberships and explores other revenue streams to address a £250,000 funding shortfall— The Bureau of Investigative Journalism (TBIJ) is on a mission to diversify its revenue away from relying on foundations as …

The i Paper:

Sources detail Evgeny Lebedev's decision to end the Evening Standards' daily print edition under pressure from a Saudi investor, after prevaricating for years— Current and former employees tell the story behind the daily edition's closure — Evgeny Lebedev agreed to axe …

Discussion:
@richjamesuk

Discussion:

Rich James /
@richjamesuk: Evgeny Lebedev agreed to axe the Evening Standards' daily print edition after bowing to pressure from his Saudi investor, @theipaper understands. “Lord Lebedev, his Saudi investor, and why he cut the Evening Standard”: Big read from @adamsherwin10 - https://inews.co.uk/...

Adweek:

Disney debuts two new ad products across its streaming portfolio: shoppable ads and advergames, which let viewers play branded games rather than watch ads— Exclusive: The products aim to make CTV ads more engaging — Disney has debuted two new ad products across its streaming portfolio …

Discussion:

Bevin Fletcher /
StreamTV Insider: Disney serves interactive, shoppable CTV ad formats from BrightLine, KERV

Sabrina Quagliozzi /
The Media Leader: Pinterest launches Pinterest Ad Labs for brands to experiment with AI ad formats

Kevin Kraft /
Kevin Kraft on LinkedIn: Thrilled to share this fantastic article highlighting Disney's innovative strides in ad tech. At KERV Interactive, we've had the immense pleasure …

Jamie Power /
Jamie Power on LinkedIn: At Disney, we're focused on building creative solutions to deliver the best experience for our viewers and brands - it's our top priority. …

Reuters:

A US judge orders X's lawsuit against Media Matters over accusations of misrepresenting the amount of antisemitic content on X will go to trial on April 7, 2025— Social media platform X's lawsuit against media watchdog group Media Matters will head to trial on April 7, 2025, a U.S. District judge ordered on Thursday.

Discussion:
CNN and New York Post

Associated Press:

Fox Sports acquires the rights to broadcast IndyCar starting in 2025, replacing NBC, which has held the rights since 2009; Fox now has Daytona 500 and Indy 500— Fox Sports said Thursday it acquired the rights to broadcast IndyCar starting in 2025, a move that gives the network …

Discussion:

Nathan Brown /
Yahoo News: IndyCar wanted to prioritize reach with new TV deal. It found that with Fox.

Alex Weprin /
Sportico: Fox Gets Indianapolis 500 Rights in Deal With IndyCar

Josh Dickey /
The Wrap: IndyCar Racing Series TV Rights Acquired by Fox Sports, Will Broadcast All 17 Events Including Indianapolis 500

Tim Hauraney /
@timhauraney: Beginning 2025 all IndyCar races will now be broadcasted on FOX in what the series and network is calling a “Historic Media Rights Deal”

Brian Steinberg /
Variety: Fox Sports Snares Indianapolis 500 and NTT IndyCar Series From NBC

Jeff Gluck /
New York Times: Fox acquires IndyCar media rights, including Indy 500, beginning in 2025

David Satin /
The Streamable: Fox Reportedly Adding IndyCar Rights; What Are All the Major Sports to Be Available on Venu Sports? @theathletic: NEWS: Fox Sports is going big with a new IndyCar broadcasting agreement, replacing NBC as the series' exclusive partner beginning in 2025. All 17 NTT IndyCar Series races, plus Indianapolis 500 qualifying, will be shown on the main Fox network. More ⤵️ https://www.nytimes.com/...

Matthew Keys /