Reddit Q2: revenue rose 54% YoY to $281.2M, vs. $254M est., Daily Active Uniques increased 51% YoY to 91.2M, and net loss dropped from $41.1M to $10.1M YoY (Jonathan Vanian/CNBC)

Mediagazer: Reddit Q2: revenue rose 54% YoY to $281.2M, vs. $254M est., Daily Active Uniques increased 51% YoY to 91.2M, and net loss dropped from $41.1M to $10.1M YoY (Jonathan Vanian/CNBC)

Top News:

New York Times:

Red Ventures sells CNET, an early pioneer of online tech coverage, to Ziff Davis, which owns Mashable, PC Mag, Lifehacker, and others, a source says for $100M+— Ziff Davis is acquiring CNET for more than $100 million. Its chief executive thinks more acquisitions are on the horizon.
Discussion: Deadline, MediaPost, Lindsey Turrentine on LinkedIn, Connie Guglielmo on LinkedIn, Roger Cheng on LinkedIn, Talking Biz News, The Wrap, @jeffjarvis, @danackerman, @saschasegan, @photomatt, @dctrjack, Adweek, @film_girl, @rhunwords, @ldignan, @benmullin, @felixsalmon, Axios, @rafat, @seangriffey, @rafat, @tsuvik, @sjvn@mastodon.social, @tvgrimreaper, @rogerwcheng, @bombur, The Verge and TVNewsCheck, more at Techmeme »

Discussion:

Jill Goldsmith /
Deadline: Pioneering Tech Site CNET Sold To Digital Media Publisher Ziff Davis

Ray Schultz /
MediaPost: Ziff Davis To Purchase CNET For $100 Million

Lindsey Turrentine /
Lindsey Turrentine on LinkedIn: It's a new—and exciting—chapter for CNET and ZDNET! We've entered into an agreement for Ziff Davis to acquire both of our storied and industry-leading brands (and reunite ZDNET with its namesake). …

Connie Guglielmo /
Connie Guglielmo on LinkedIn: Every day, an adventure. — “Ziff Davis is acquiring CNET for more than $100 million.” https://lnkd.in/...

Roger Cheng /
Roger Cheng on LinkedIn: After a pandemic, an acquisition, several rounds of layoffs, and a big blowup over AI, CNET is once again thrown for another loop with Ziff Davis acquiring …

Chris Roush /
Talking Biz News: Ziff Davis is acquiring CNET for $100 million

Adam Chitwood /
The Wrap: Ziff Davis Buys CNET for $100 Million @jeffjarvis: In other words, Vivek Shah rescues CNET. I seriously wish Ziff Davis would similarly save a certain tech podcast company. CNET Sold to Ziff Davis in Sign of Possible Media Deals to Come https://www.nytimes.com/...

Dan Ackerman /
@danackerman: Hearing, from multiple sources, that Ziff-Davis is buying CNET — unimaginable five years ago! Feels like good news for the team.

Sascha Segan /
@saschasegan: @danackerman It would be a good move. ZD is actually interested in running tech media, unlike some owners.

Matt Mullenweg /
@photomatt: @rafat CNET is what got me to drop out of college and move to San Francisco!

Jack Ryan /
@dctrjack: Sounds like Ziff Davis (IGN, Eurogamer, gamesindustry dot biz, Humble Bundle) is buying CNET. My advice is the same: Archive. Your. Work. Grab a little PDF of that thing. Do a little screenshot. Save your audiovisuals. Be free.

Mark Stenberg /
Adweek: Ziff Davis Acquires Tech Publisher CNET for Over $100M

Christina Warren /
@film_girl: The crazy thing here is that CNET bought ZDNET (itself a spin-off of Ziff Davis) in the year 2000 for a truly stupid amount of on-paper money. Unclear if Red Ventures selling just CNET or if ZDNet will be sold too, thus finally reunifying the zombie brands? @rhunwords: Potentially huge for CNET and Interesting Times for brands like Mashable, PC Gamer and Lifehacker already covering the tech beat at ZD

Larry Dignan /
@ldignan: @mediagazer @BenMullin For those original ZDNet folks, this is beyond weird, but good news for CNET people since Ziff actually has media knowhow. If CNET still includes ZDNet then Ziff gets to reunify the brand after more than two decades. ZDNet was hatched from Ziff Davis, CNET bought ZDNet to avoid

Ben Mullin /
@benmullin: News: Ziff Davis has acquired CNET from Red Ventures for more than $100 million. Ziff Davis' chief executive, Vivek Shah, said it's a sign of more deals on the horizon as the digital media industry comes under additional pressure https://www.nytimes.com/...

Felix Salmon /
@felixsalmon: This story is basically a game of digital-media mad libs

Sara Fischer /
Axios: Red Ventures sells CNET to Ziff Davis @rafat: Wow. I am old enough to remember the opposite when it happened 22 years ago, reported the story back then for Silicon Alley Reporter. [image]

Sean Griffey /
@seangriffey: Ziff Davis knows how to operate media properties like CNET. Good home for them. Thought they were one more bad stop away from me being able to scrape money together to buy it. The history: 2008: CBS buys for $1.8B 2020: RD - $500M 2024: ZD - $100M

@rafat:
Thus proves that @VivekRShah is one of the canniest — and unheralded — media CEOs of our times.

Vikas SN /
@tsuvik: How tables turn 2002 - CNET buys Ziff Davis for $1.6 billion (After multiple change of hands...) 2024- Ziff Davis buys CNET for around $100M https://www.nytimes.com/.... @sjvn@mastodon.social: This also means ZDNET, my main editorial home for the last few years, will also belong to Ziff-Davis. Again. What does this mean for me? Darned if I know, but I expect I'll still be writing away. After all, one way or the other, I've been writing for ZD-related publications since 1987! … @tvgrimreaper: CNET history: 2008: CBS, $1.8 billion! 2020: Red Ventures, $500 million 2024: Ziff Davis, $100 million 2028: Four Seasons Landscaping, $1.50?

Roger Cheng /
@rogerwcheng: Good luck to the talented journalists of @cnet, who I'm hearing from multiple folks will be purchased by Ziff Davis. It's been a topsy turvy ride for the storied tech brand.

Mike Epstein /
@bombur: Assuming this is right, Ziff now owns PCMag, Mashable, and CNET, as well as IGN, which covers tech, and Lifehacker, which does tech service. I'm happy for CNET to get out from under Red Ventures, but I'm also nervous for all the good ppl I used to work with at the other brands.

Jess Weatherbed /
The Verge: Ziff Davis is buying CNET for just $100 million

Benjamin Mullin /
TVNewsCheck: CNET Sold To Ziff Davis In Sign Of Possible Media Deals To Come

New York Times:

Internal memo: Axios CEO Jim VandeHei says the company is laying off about 50 employees, or ~10% of the company, due to “changes in the media business”— Jim VandeHei, the company's chief executive, said in an email that the cuts were necessary to adapt to “changes in the media business.”

Discussion:
Nieman Lab, The Wrap, @katie_robertson, Erin Hulliberger on LinkedIn, @samueljrob, @selenesanfelice, @loopemma, @daniellealberti, @ethangach, @ethanscorey, @billygribbin, @chrisjollyhale, @benkesslen, @aulia@threads.net, @justinbaragona, @chaykak, @redsteeze, @keitholbermann, @sophiacai99, @brandyljensen, @chriscillizza, @tblysik, @mikebrice, @sarafischer, @katie_robertson, @jdawsey1, TVNewsCheck, @sopandeb and Barrett Media

Discussion:

Neel Dhanesha /
Nieman Lab: Axios has its first-ever layoffs, citing “shifting reader attention and behavior” and AI

Natalie Korach /
The Wrap: Axios Lays Off 50 Staffers Amid Media Landscape Shift

Katie Robertson /
@katie_robertson: Internal memo: Axios CEO Jim VandeHei says the company is laying off ~50 people as part of “changes to adapt fast to a rapidly changing media landscape”

Erin Hulliberger /
Erin Hulliberger on LinkedIn: Hate to hear about layoffs at Axios. Their newsletters are a daily go-to for me and many others, and I've had nothing but positive interactions with Axios reporters. …

Sam Robinson /
@samueljrob: I'm losing my job Friday! Oh well. If you're a staffer I've been working with: Please send all campaign stuff/press releases to samueljrobinson@icloud.com after Friday. I'll still be posting On Here. If you're an employer and want to help me pay my rent soon, message me.

Selene San Felice /
@selenesanfelice: 1 big thing: Axios laid me off.

Emma Loop /
@loopemma: I'm heartbroken to say I'm one of the people affected by the cuts at Axios today. I have a lot to figure out and will be taking some downtime, but if anyone in the U.S. or Canada is hiring, feel free to reach out.

Danielle Alberti /
@daniellealberti: The Visuals team was exceptionally hit hard by this news. Please reach out if you're looking for data viz designers, developers, data analysts, visual storytellers or illustrators. @ethangach: I love how this is framed around being forward thinking and then has no idea what is a really coming beyond “change”

Ethan Corey /
@ethanscorey: Oh God, they formatted their layoff notice like an Axios story. Horror compounding horror.

Billy Gribbin /
@billygribbin: Imagine getting fired with a “why it matters” explainer

Christopher Hale /
@chrisjollyhale: @katie_robertson @JimVandeHei The “why it matters” headline is a vicious way to present this.

Ben Kesslen /
@benkesslen: It's nasty work to do this in the Axios format. Make it a regular email...

Justin Baragona /
@justinbaragona: There's just something so unsettling that they used the Axios “smart brevity” bulletpoint format to fire their staffers. WHY IT MATTERS: You will no longer have a job.

Kyle Chayka /
@chaykak: smart brevity: why you got laid off

Stephen L. Miller /
@redsteeze: Wonder if laid off Axios people think we're entering a recession now. [image]

Keith Olbermann /
@keitholbermann: The suck catches up to Axios

Sophia Cai /
@sophiacai99: It's a really difficult day at Axios - we are losing some incredible colleagues and friends ❤️ please flag your newsroom's job postings

Brandy Jensen /
@brandyljensen: announcing this in the house style ("why it matters" bullet points) is so dark

Chris Cillizza /
@chriscillizza: Mainstream media journalism has a broken business model. Even Axios, which I think has led the way in terms of innovation and forward-thinking, isn't immune. If we want to have journalism going forward, we have to convince people they need to pay for it.

Tory Lysik /
@tblysik: Sadly I am one of the many who found out their position was eliminated today. It has been an absolute honor to work with such a hardworking group of people. I have a lot to figure out. But if anyone is hiring, especially in the NYC area, please reach out.

Mike Brice /
@mikebrice: It is the common curve with these media start ups. Promise the stars, attract talent with above market wages and then crash and burn. What was the name of the last company to do this? I already forgot.

Sara Fischer /
@sarafischer: My heart goes out to my company and those impacted by this. Please keep Axios talent in mind if you have job openings.

Katie Robertson /
@katie_robertson: More from the Axios note https://x.com/... [image]

Josh Dawsey /
@jdawsey1: Why it matters: you might not have a job anymore.

Natalie Korach /
TVNewsCheck: Axios Lays Off 50 Staffers Amid Media Landscape Shift

Next TV:

Future plans to end Broadcasting & Cable, Multichannel News, and NextTV in print and as newsletters, replacing them with one newsletter and revamping NextTV.com— By B+C Staff( Broadcasting & Cable ) published — Charlie Weiss will take on chairman role for B+C Hall of Fame, with Bill McGorry moving into chairman emeritus role

Discussion:
Variety, Los Angeles Times, The Wrap, The Desk, Talking Biz News, The Hollywood Reporter, @michaelsocolow and @jbflint

Discussion:

Todd Spangler /
Variety: TV Industry Trade Outlets Broadcasting & Cable, Multichannel News Are Shutting Down

Stephen Battaglio /
Los Angeles Times: Veteran TV trade journal Broadcasting + Cable is shutting down, in a sign of the times for media

Alex Weprin /
The Hollywood Reporter: Broadcasting & Cable to Shutter As This Year's Media Meltdown Escalates

Michael Socolow /
@michaelsocolow: It's not even 12 noon, and the cuts in the media & journalism industry today are astonishing. -Tampa Bay Times cuts 20%. -Axios fires 50 people, last day this Friday. -Broadcasting & Cable magazine - the bible of the industry - to cease publication. This is bad. Real bad.

Joe Flint /
@jbflint: Broadcasting & Cable Mag, which made its debut in 1931 as Broadcasting Magazine, is officially no more. Media reporters that started there include John Lippman (former LAT & WSJ), David Crook (former LAT/WSJ) and @Variety_Cynthia. It was considered the bible of TV and radio. RIP

Awful Announcing:

Fubo's CEO blasts Venu, the Disney/Fox/WBD sports JV, saying it gives them control of 80% of the premium market and curbs competition, as he seeks an injunction— The new Fubo logo. — Fubo's earnings call was on Tuesday. Unsurprisingly, CEO David Gandler used part of his opening remarks …

Discussion:
The Streamable, Bloomberg Law, Next TV, Deadline, Sportico and Cord Cutters News

Discussion:

David Satin /
The Streamable: Fubo Wants an Injunction to Create Venu-Like Packages; What Would They Look Like if It Could?

Chris Dolmetsch /
Bloomberg Law: Fox-Warner-Disney Sports Streamer Should Be Blocked, Fubo Argues

Daniel Frankel /
Next TV: Fubo Begins Preliminary Injunction Quest Against Venu Sports as Antitrust Suit's Hearings Begin

Dade Hayes /
Deadline: Disney, Fox & Fubo Lawyers Clash In NY Court As Venu Sports Antitrust Lawsuit Goes Before Judge

Brendan Coffey /
Sportico: Fubo Q2 Results Lifted by Baseball, Soccer; CEO Hits Venu

Luke Bouma /
Cord Cutters News: The Future of Fubo Maybe Decided Today

RELATED:

The Hollywood Reporter:
FuboTV reports Q2 North America revenue up 26% YoY to $383M vs. $368M est., North America paid subscribers up 24% to 1.45M, rest of world revenue up 2% to $8.3M

Discussion:
The Desk, Fubo, The Streamable, Media Play News, Cord Cutters News, Advanced Television, @fubotv_pr and Next TV

Discussion:

Matthew Keys /
The Desk: Fubo loses TV subscribers, trims financial losses in Q2 Fubo: Fubo Closed Q2 2024 With 26% Year-over-Year Revenue Growth, 24% Year-over-Year Subscriber Growth and Exceeded Guidance in North America; Global Business …

David Satin /
The Streamable: Fubo Falls to 1.45 Million Paid Users in North America, Posts 26% Year-Over-Year Revenue Increase

Erik Gruenwedel /
Media Play News: Fubo Ups Q2 Online TV Subs 24% to 1.45 Million, Narrows Fiscal Loss 50%

Luke Bouma /
Cord Cutters News: Fubo Lost 61,000 Subscribers In North America in The 2nd Quarter 2024 @fubotv_pr: Fubo Closed Q2 2024 With 26% Year-over-Year Revenue Growth, 24% Year-over-Year Subscriber Growth and Exceeded Guidance in North America; Global Business Achieved 6th Consecutive Quarter of Year-over-Year Improvement in Profitability Metrics https://www.businesswire.com/ ...

Axios:

X sues the World Federation of Advertisers, GARM, and GARM members CVS Health, Mars, Orsted, and Unilever over what Linda Yaccarino calls an “illegal boycott”— Members include major tech companies, advertisers, agencies, ad tech firms and advertising coalitions.

Discussion:
@elonmusk, @lindayax, The Media Leader, CNN, The Verge, The Wrap, Variety, Wall Street Journal, MediaPost, Reuters, The Drum, @rstephens@threads.net, @baekdal, Deadline, TVNewsCheck, Futurism, Greg Glenday on LinkedIn, TechCrunch, Wired, @elizspiers@threads.net, Engadget, Ad Age, Quartz, Financial Times, Bloomberg, The Information, @jesse_brenneman, @bobbyallyn, @stopfundinghate, Ruben Schreurs on LinkedIn, @katieeyton, @sarafischer, @bobbyallyn, @lindayax, KUSA-TV, Fox Business, Digiday and Barrett Media, more at Techmeme »

Discussion:

Elon Musk /
@elonmusk: We tried peace for 2 years, now it is war

Linda Yaccarino /
@lindayax: An open letter to advertisers

Sabrina Quagliozzi /
The Media Leader: X slams advertisers in antitrust lawsuit

Josh Dickey /
The Wrap: Elon Musk's X Sues Advertiser Group for ‘Massive Boycott,’ Seeks Billions in Antitrust Case

Todd Spangler /
Variety: Elon Musk's X Sues Advertisers Accused of an ‘Illegal’ Boycott: ‘Now It Is War’ Wall Street Journal: Elon Musk's X Sues Advertising Group Over Boycott That Allegedly Cost the Platform Billions

Webb Wright /
The Drum: Elon Musk's X sues the World Federation of Advertisers over alleged advertising boycott

Robert Stephens /
@rstephens@threads.net: Give me your best rhymes with “self own”

Thomas Baekdal /
@baekdal: Heh.. I can't ever recall anyone convincing someone to advertise by suing them ¯\_(ツ)_/¯

Jill Goldsmith /
Deadline: Elon Musk's X Sues Advertisers, Says Boycotts Violated Antitrust Law

Greg Glenday /
Greg Glenday on LinkedIn: Tell me you don't understand the ad market without telling me you don't understand the ad market. If you're a seller at Twitter/X and you'd prefer …

Brian Heater /
TechCrunch: X files antitrust suit against advertising groups over ‘systematic illegal boycott’

Elizabeth Spiers /
@elizspiers@threads.net: I cannot fathom voluntarily tanking one's own career like this on behalf of a megalomaniac.

Karissa Bell /
Engadget: X sues advertisers for ‘illegal boycott’ of the platform

William Gavin /
Quartz: Elon Musk's X thinks boycotting advertisers are creating a monopoly against it

Madlin Mekelburg /
Bloomberg: Musk's X Sues Group Over Ad Boycott That Cost Billions

Sahil Patel /
The Information: X Sues Ad Industry Group, Some Top Advertisers

Jesse Brenneman /
@jesse_brenneman: What an incredible thing to say about people you are trying to get to pay money [image]

Bobby Allyn /
@bobbyallyn: The most significant thing about X's lawsuit against GARM are not the allegations, but the Texas judge: Reed O'Connor. He also is overseeing X's Media Matters suit and, in an extraordinary move, allowed discovery to start BEFORE a motion to dismiss was ruled on. (1/2)

Ruben Schreurs /
Ruben Schreurs on LinkedIn: X, formerly Twitter, has filed an antitrust lawsuit against GARM, WFA, and four members. — The suit is frivolous, in my personal opinion …

Katie Eyton /
@katieeyton: It's not just politics - a week is a long time in advertising too it seems. X files antitrust lawsuit against GARM. An organisation it re-joined 6 weeks ago. https://wfanet.org/...

Sara Fischer /
@sarafischer: NEW: @rumble is joining X in suing World Federation of Advertisers (WFA), BUT it's also suing @WPP and its subsidiary @GroupMWorldwide, one of the largest ad-buying firms in the country For more context on why GroupM, see my story from last month: https://www.axios.com/... [image]

Bobby Allyn /
@bobbyallyn: That allowed for vast amounts of broad and costly data collection from Media Matters, which the group compared to “harassment,” leading to layoffs due to crushing litigation costs - again, before the suit's merit's were even decided. Now that same judge has the GARM case (2/2)

Linda Yaccarino /
@lindayax: A Message to X Users [video] KUSA-TV: Elon Musk's X sues advertisers over alleged ‘massive advertiser boycott’ after Twitter takeover

Krystal Scanlon /
Digiday: X files federal antitrust suit against GARM, WFA, CVS Health, Mars, Orsted, Unilever

CNBC:

Reddit Q2: revenue rose 54% YoY to $281.2M, vs. $254M est., Daily Active Uniques increased 51% YoY to 91.2M, and net loss dropped from $41.1M to $10.1M YoY— Reddit reported second-quarter results on Tuesday that topped analysts' estimates. — Here are the key numbers:

Discussion:
Reddit Upvoted and Bloomberg, more at Techmeme »

The Verge:

A US federal judge rules Google has a monopoly in “general search text advertising” and Google's exclusive agreements enabled it to raise prices on that product— A federal judge ruled that Google violated US antitrust law by maintaining a monopoly in the search and advertising markets.

Discussion:
US District Court for the District of Columbia, CNN, The Guardian, CNN, The Atlantic, MarTech, MediaPost, Stewart Jeffries on LinkedIn, Lou Paskalis on LinkedIn, Politico, Quartz, Bloomberg, New York Times, Android Central, Engadget, @statesdj@genomic.social, Shelly Palmer, AV Club, Beyond Search, @digitalsamiam, One Man & His Blog, @kubikpixel@chaos.social, @jason_kint, The Media Leader, TechRadar, @jason_kint, BIG by Matt Stoller, @marie_haynes, Sportico, 9to5Mac, Boing Boing, @JamesGleick@zirk.us, Financial Times, AdExchanger, Jill Caren on LinkedIn, PhoneArena, Ars Technica, The Information, UPI, @jeff@newsie.social, ScheerPost.com, W Media Research, MediaPost, Reuters, @SomeGadgetGuy@techhub.social, Deadline, Variety, The Hollywood Reporter, @parismarx@mastodon.online, 9to5Google, BGR, CNBC, @theory@xoxo.zone, TVNewsCheck, The Wrap, @webology@mastodon.social, WTOL-TV, Ad Age, @kottke@mastodon.social, New York Post, The Drum, Fox Business, @Nonya_Bidniss@mas.to, TechCrunch, Los Angeles Times, Washington Post and News/Media Alliance, more at Techmeme »

Discussion:

Nick Robins-Early /
The Guardian: Google broke law to maintain online search monopoly, US judge rules

Ian Bogost /
The Atlantic: Google Already Won

Constantine von Hoffman /
MarTech: What the Google antitrust ruling could mean for advertisers

Laurie Sullivan /
MediaPost: Google Antitrust Loss Will Change Search Forever

Stewart Jeffries /
Stewart Jeffries on LinkedIn: It's going to take a while to parse a 277-page opinion. — But the quickest take is that it didn't require new antitrust laws or Digital Markets Act style regulation for DOJ to bring this case. …

Lou Paskalis /
Lou Paskalis on LinkedIn: Busy day in the tech sector. The @Google ruling was not surprising but was shocking nonetheless if that's even possible. …

Josh Sisco /
Politico: DOJ, states win Google search antitrust case

Jerry Hildenbrand /
Android Central: The Pulse: Google is now a monopoly but nothing will really change @statesdj@genomic.social: Microsoft and Apple wouldn't exist if it hadn't been for the 1981 IBM anti trust verdict. — Google and the dotcom boom wouldn't exist if it hadn't been for the 2001 Microsoft anti trust verdict. — Opportunities ahead as today's big tech monopolies are busted — https://www.nytimes.com/... Shelly Palmer: The Case Against Google — A federal judge has ruled that Google illegally abused its monopoly …

Matt Schimkowitz /
AV Club: In a banner ruling for Bing, federal judge deems Google a monopoly

Stephen E. Arnold /
Beyond Search: Googzilla Is Not A Happy Camper

Sam /
@digitalsamiam: A few things here are interesting: (1) Mehta refers to Text Ads as a “submarket” - I'm sure Google's attorneys are going to use that (along with the attempted disintermediation of search ads + shopping ads) in an appeal. (2) I genuinely don't see a world where this [image]

Adam Tinworth /
One Man & His Blog: Google is on the naughty step @kubikpixel@chaos.social: Google found guilty of illegally monopolizing the search and ad markets over the past decade! — »DOJ, states win Google search antitrust case: — “Google is a monopolist, and it has acted as one to maintain its monopoly,” Judge Mehta wrote.« — 👉 https://www.politico.com/... …

Jason Kint /
@jason_kint: In fact, the Court found Google just spread out its manipulations of pricing in order to make it appear to just be “noise.” This is the part where my screaming in joy (thanks for all of the messages everyone :) ) turned to anger as I consider impact to Rest of World. /14 [image]

Sabrina Quagliozzi /
The Media Leader: Federal judge rules against Google in antitrust case

Lance Ulanoff /
TechRadar: Judge rules Google is a search monopolist and you might not like what comes next

Jason Kint /
@jason_kint: it also found Google manipulated its ad prices without - even considering - competitive effects. Reminder they doubled their search text ads on surfaces so THIS ABUSE SCREWED THE PUBLIC AND PUBLISHERS BY MANY MANY TENS OF BILLIONS. /3 [image]

Matt Stoller /
BIG: BOOM: Judge Rules Google Is a Monopolist

Marie Haynes /
@marie_haynes: There are 2 kinds of ads Google shows, general search text ads and shopping ads, also known as Product Listing Ads, PLA's. [image]

Michael McCann /
Sportico: Google's Monopolist Ruling Could Bring Significant Sports Changes

Rob Beschizza /
Boing Boing: Judge rules Google has illegal monopoly on search

James Gleick /
@JamesGleick@zirk.us: This is some seriously good news: — “The ruling is a harsh verdict on the rise of giant technology companies that have used their roots in the internet to influence the way we shop, consume information and search online — and indicates a potential limit of Big Tech's power. …

Jill Caren /
Jill Caren on LinkedIn: I would not be lying if I said I was actually shocked they lost. — But I am really glad they did. It will be interesting to see if anything comes of this. …

Alan Friedman /
PhoneArena: Federal judge rules that Google runs a monopoly with its search and search advertising businesses

Ashley Belanger /
Ars Technica: Google loses DOJ's big monopoly trial over search business

Jeff /
@jeff@newsie.social: A stunning sentence from the Court. — “Google is a monopolist, and it has acted as one to maintain its monopoly,” — https://www.cnn.com/... #Google #News #Court #Search #business

Julia Conley /
ScheerPost.com: US Court Rules Google a Monopoly in ‘Biggest Antitrust Case of the 21st Century’ W Media Research: Monopoly Ruling Vs Google: For Advertisers, More Choice, Better Products, Lower Prices @SomeGadgetGuy@techhub.social: Our legal system seems to FINALLY be catching up to the absolutely TERRIBLE business practices of big tech. — This case against Google might help set the stage for future investigations against Apple, Amazon, Meta, Microsoft, etc. — https://www.politico.com/... …

Winston Cho /
The Hollywood Reporter: Google's Search Business Violates Antitrust Laws, Court Finds In Major Ruling

Paris Marx /
@parismarx@mastodon.online: Google being found guilty of monopoly practices is a landmark finding that will affect the coming tech antitrust cases, but now the question is about consequences. — The remedies haven't been decided. Microsoft escaped the worst of them two decades ago. — https://www.theverge.com/... …

David Wheeler /
@theory@xoxo.zone: “After having carefully considered and weighed the witness testimony and evidence, the court reaches the following conclusion: Google is a monopolist, and it has acted as one to maintain its monopoly.” — https://www.theverge.com/...

Mark K. Miller /
TVNewsCheck: Judge: Google Illegally Maintains Monopoly Over Internet Search

Jeff Triplett /
@webology@mastodon.social: 🍿 This was not the monopolist breakup I wanted to read about in my timeline today, but it's a damn good start. — (In all fairness, it was in my top 2.) — https://www.theverge.com/... @kottke@mastodon.social: Google, a monopoly, loses its antitrust case against the Dept of Justice. “A federal judge ruled that Google violated US antitrust law by maintaining a monopoly in the search and advertising markets.” https://www.theverge.com/...

Thomas Barrabi /
New York Post: ‘Google is a monopolist’: Search giant broke antitrust law in landmark case, judge rules

Kendra Barnett /
The Drum: Google's search business violates US competition law, judge rules in landmark case @Nonya_Bidniss@mas.to: “After having carefully considered and weighed the witness testimony and evidence, the court reaches the following conclusion: Google is a monopolist, and it has acted as one to maintain its monopoly,” Mehta wrote in Monday's opinion. “It has violated Section 2 of the Sherman Act.” https://www.cnn.com/... News/Media Alliance: Statement: News/Media Alliance Applauds Department of Justice Ruling Against Google in Landmark Antitrust Lawsuit

TechCrunch:

Amazon Music debuts Maestro, an AI-powered playlist generator, and Topics, which helps users find podcast episodes by topic and is powered by both AI and humans— Amazon Music announced Tuesday the launch of its new AI-powered feature, “Topics,” which allows users to explore podcast episodes …

Discussion:
About Amazon and The Verge, more at Techmeme »

Axios:

ProRata, which aims to attribute and share AI chatbot subscription revenue with content owners, raised a $25M Series A and inks deals with major media companies— A handful of major news and music companies have agreed to license their content to ProRata.ai, a generative AI startup that claims …

Discussion:
The Wrap, @danprimack, Gabriel Brotman on LinkedIn, @sarafischer and Music Business Worldwide, more at Techmeme »

Discussion:

Natalie Korach /
The Wrap: AI Startup ProRata Inks Major Media Partnerships With Promise of Compensation and Accurate Attribution

Dan Primack /
@danprimack: Zero points for naming originality...

Gabriel Brotman /
Gabriel Brotman on LinkedIn: ✊ At Axel Springer, we've long advocated for respecting intellectual property and compensating content owners for their work. …

Sara Fischer /
@sarafischer: Exclusive: @FT, @axelspringer. @TheAtlantic, @FortuneMagazine, @UMG have all struck deals to license their content to new AI startup called ProRata (not affiliated w @danprimack newsletter) —The firm, which raised $25M, claims it can attribute & share $ w content owners from AI

Murray Stassen /
Music Business Worldwide: Universal Music strikes strategic agreement with AI startup ProRata, which just raised $25m for a chatbot and tech to attribute and compensate content owners

Mediaite:

Jennifer Jacobs, the Bloomberg News reporter fired for allegedly breaking Russian prisoner swap story embargo, suggests she didn't decide to publish prematurely— Bloomberg News senior White House reporter Jennifer Jacobs shot back at the news outlet on Monday after she was fired …

Discussion:
@jenniferjjacobs, @charlottetklein, Poynter, The Wrap, @shiramstein, @saramorrison, Media Nation, @genepark, @schreckreports, @scottnover, @bendreyfuss, @mattdpearce, @brianmfloyd, @neontaster, @jim_newell, @justinbaragona, @eisingerj, @mctothstl, @politicussarah, @byajperez, @moorehn, @arrowofartemis, @ericnewcomer, The Guardian, New York Times, @aulia@mementomori.social, @johnmcquaid@threads.net, CNN, Associated Press, The Desk, New York Post, Fox News, HuffPost and Talking Biz News

Discussion:

Jennifer Jacobs /
@jenniferjjacobs:

Charlotte Klein /
@charlottetklein: Jennifer Jacobs—one of the two Bloomberg reporters who bylined the embargo-breaking Gershkovich piece—has been fired, according to a source familiar with the situation.

Natalie Korach /
The Wrap: Bloomberg Reporter Fired for Russian Prisoner Swap Story Defends Herself: 'Reporters Don't Have Final Say'

Shira Stein /
@shiramstein: Proud to know @JenniferJJacobs. One of the best reporters I've ever worked with and kindest humans I've ever known. She didn't deserve this; the blame should lay at her editors' feet.

Sara Morrison /
@saramorrison: not too hard to read between the lines on this one

Dan Kennedy /
Media Nation: Bloomberg fires reporter over breaking an embargo. But what really happened?

Gene Park /
@genepark: reporters never hit the publish button, especially not at a place like Bloomberg. i obviously don't know what happened but putting the onus on a reporter doesn't sound right

Ben Schreckinger /
@schreckreports: “The chain of events here could happen to any reporter tasked with reporting the news” Don't know the details of what occurred here, but it seems reminiscent of when @JimLaPorta was fired for the screw-ups of his higher-ups at the AP

Scott Nover /
@scottnover: The more I've thought about this story, the more I cannot imagine a reporter being the one at fault for breaking an embargo that every editor involved and their superiors should be aware of—all the way up to the top for a story as big as this.

Ben Dreyfuss /
@bendreyfuss: this whole story is so weird. I'm very curious to eventually get the tick-tock of what happened. like, it seems like it was probably just a mistake, but it's a strange mistake. it's also not the sort of mistake you'd normally blame on the reporter.

Matt Pearce /
@mattdpearce: implication here is that Bloomberg threw Jennifer under the bus for an institutional failure

Brian Floyd /
@brianmfloyd: still have some follow up questions about the very high up news editor who was celebrating breaking this story before deleting their tweet

Noam Blum /
@neontaster: Jacobs denying any wrongdoing in a statement. Wouldn't be the first or second or third time I've seen editors throw bylined writers under the bus for something that's ultimately their fault. We need more information about what happened here.

Justin Baragona /
@justinbaragona: The implication here is that Jennifer was thrown under the bus by Bloomberg for something where the fault almost certainly lies with her editors.

Jesse Eisinger /
@eisingerj: Reporters don't edit stories. Reporters don't top-edit stories. Reporters don't schedule stories. Reporters don't copyedit. Reporters don't publish stories. This was a big fuckup. But I'm not sure it's a firing offense*—and I especially don't think it was down to one person.

Mark Toth /
@mctothstl: @JenniferJJacobs To be sure, as I can personally attest, journalists do not decide when stories are published or what headlines are used. Sometimes, not even the presiding editors make those choices. In some online publications, timing & headlines are determined by the web admins — and long

Sarah Reese Jones /
@politicussarah: @JenniferJJacobs I've always learned something from your questions on WH calls and deeply respect your work. Rather horrified that you are being blamed for the publication timing. No one worth anything thinks you would jeopardize a fellow journalist. I'm so sorry for what you're going

A.J. Perez /
@byajperez: @JenniferJJacobs This is maddening. I'm sorry you had to take the fall for your bosses.

Heidi N. Moore /
@moorehn: @JenniferJJacobs it's awful that they threw you under the bus. Hoping you land somewhere good 🙏

CeCe Q /
@arrowofartemis: @JenniferJJacobs Then who exactly was responsible for publishing the article in violation of the embargo which is what Bloomberg did?

Eric Newcomer /
@ericnewcomer: bloomberg really should explain what happened here. given the power of editors at bloomberg, there needs to be more transparency about what played out exactly. unfair to put all the blame with a respected reporter.

Andrew Roth /
The Guardian: Bloomberg fires reporter for ‘premature’ publication of Evan Gershkovich release - reports

Katie Robertson /
New York Times: Bloomberg Disciplines Journalists Over Prisoner Swap Article

Aulia Masna /
@aulia@mementomori.social: Yeah, this whole thing with Bloomberg firing Jennifer Jacobs is weird to me because in my more than a decade of being a journalist reporters don't get a final say on when a story gets published, that's solely the responsibility of the managing editor or the chief editor if there isn't one. …

John McQuaid /
@johnmcquaid@threads.net: Would be useful to know how/why such a major editorial breakdown took place, and how staffers high-fiving each other on social media could have been unaware of the problem ... over to you, Bloomberg ombudsman https://www.thewrap.com/...

John McQuaid /
@johnmcquaid@threads.net: Jennifer Jacobs, who was fired over Bloomberg's embargo breaking, implies that she did not make the decision to publish prematurely https://www.huffpost.com/... https://x.com/... Associated Press: Bloomberg apologizes for premature story on prisoner swap, disciplines journalists involved

Matthew Keys /
The Desk: Bloomberg fires reporter who broke prisoner swap story

Ariel Zilber /
New York Post: Bloomberg reportedly fires White House reporter for breaking embargo on Evan Gershkovich deal Fox News: Bloomberg admits it ‘prematurely published’ story on historic prisoner swap, disciplines journalists

Paige Skinner /
HuffPost: Bloomberg Reporter Fired Over Breaking Embargo On Evan Gershkovich's Release: Reports

Chris Roush /
Talking Biz News: Bloomberg White House reporter Jacobs departs

Associated Press:

The NYPD arrests independent videographer Sam Seligson on federal hate crime charges after he documented a pro-Palestinian protest in June— A New York City journalist was arrested on felony hate crime charges Tuesday after filming a pro-Palestinian protest earlier this summer …

Discussion:
New York Post: NYC journalist charged with hate crimes for antisemitic vandalism — including at home of Brooklyn Museum's Jewish director New York Daily News: Videographer busted for taking part in vandalism of Brooklyn Museum president's home

Phoebe /
@phoebe@sunny.garden: Cops are charging (Jewish) people with felony hate crimes for allegedly tagging the homes of the (largely non-Jewish) Zionist board of the Brooklyn Museum. — https://apnews.com/... #Palestine #NYC #ACAB #Gaza #Abolition #FreePalestine #zionism

Anne Ominous /
@rustoleumlove@mastodon.online: this is utter insanity — NYPD charged a journalist w a hate crime for filming a pro-palestinian protest — “Samuel Seligson, an indy videographer, was not involved in vandalism & is only accused of documenting it, [said a source] — ... … @freedomofpress@newsie.social: This is VERY alarming. — Cops and prosecutors have dreamed up plenty of convoluted theories to criminalize journalism, but the NYPD charging a reporter with a hate crime for documenting news has to be one of the most outrageous yet. — https://apnews.com/...

Ash J /
@ashagony: Two people have been arrested so far over spray paint at the homes of some Brooklyn Museum execs & board members. That action was falsely labeled antisemitic after it was falsely reported that the execs/board members were all Jewish. Meanwhile, both people arrested are Jewish!

Laila Al-Arian /
@lailaalarian: This arrest sets a very dangerous precedent and every journalist should be concerned @joshuaphilll: A journalist arrested for recording a protest. They even acknowledge he didn't participate in the protest in any way. Fascism in response to anti-genocide protests.

Joey Scott /
@joeyneverjoe: The charges won't stick and they know it. But until they're dropped NYPD is free to terrorize and harass them.

Matthew Ismael Ruiz /
@porican: the fascism, it is no longer creeping. the mask is fully off

Alexei Koseff /
@akoseff: There appears to be a disturbing increase in authorities punishing journalists for simply covering protests. Here in California, @Stanford is pushing for the prosecution of a student reporter who covered a takeover of the president's office: https://www.sfchronicle.com/ ...

Peter Sterne /
@petersterne: It is not illegal to report on illegal conduct. There can be gray areas - a journalist cannot participate in a crime and also film it - but the distinction between “doing something illegal” and “reporting on people doing something illegal” is fundamental to press freedom.

Adweek:

Uber says its Advertising annual revenue run-rate passed $1B in Q2, up from $650M+ in Q2 2023; Uber began selling in-app Journey Ads programmatically in June— The company broke out its ad revenue in quarterly earnings today and based the estimate on 2024 results to date

Discussion:

Lara O'Reilly /
Business Insider: Uber Ads just became a $1 billion business — and it has plenty of room to grow

Taylor DiCicco /
Taylor DiCicco on LinkedIn: Excited to share and celebrate a major milestone for Uber Advertising 🚀 Thank you to our advertising partners for joining us on this incredible journey. …

Lauren Johnson /
Lauren Johnson on LinkedIn: Uber says that it is on track to make more than $1 billion in ad revenue this year, up from a $650 million run rate last year. … @thetranscript_: $UBER CEO @dkhos: “Our advertising business performed well in Q2, reaching a revenue run-run rate of over $1B” Previous Milestones: —Feb 2024: $900M: —Sep: 2023: $650M —Nov 2022: $350M [image]

Taylor Herzlich /
New York Post: Uber tops second-quarter revenue, profit estimates on high demand as employees return to office

Michael Grothaus /
Fast Company: Uber stock price gets a lift as earnings report shows people ordered more rideshares

Freddy Porges /
Freddy Porges on LinkedIn: Thanks to our partners for joining us on this incredible journey. — Here's to more innovation. To more insights. To more memorable experiences. …

The Hollywood Reporter:

Fox Corp reports Q4 revenue up 2% YoY to $3.1B, affiliate fee revenue up 5% YoY to $1.9B, ad revenue flat YoY at $1B, and $320M net income, vs. $369M in Q4 2023— The company said that revenue rose slightly in the quarter thanks to its carriage agreements, but that the election and Super Bowl are setting it up for a big year.

Discussion:
The Desk, Boston Herald, Sportico, Variety, Fox Corporation, Reuters, The Wrap, Next TV and WORLD SCREEN

Discussion:

Matthew Keys /
The Desk: Cable, satellite fees help boost Fox Q4 revenue

Chris Van Buskirk /
Boston Herald: Massachusetts likely to miss more revenue benchmarks this fiscal year, Healey's budget writer says

Alex Weprin /
Sportico: Fox Ad Revenue Flat at $1B, as Profit Slips to $320M

Brian Steinberg /
Variety: Fox Sees Q4 Profit Slip Despite Boost in Revenue Fox Corporation: FOX REPORTS FOURTH QUARTER FISCAL 2024 REVENUES OF $3.09 BILLION, NET INCOME OF $320 MILLION, AND ADJUSTED EBITDA OF $773 MILLION

Harshita Mary Varghese /
Reuters: Fox reports rise in quarterly revenue, beats profit estimates

Natalie Korach /
The Wrap: Fox Corporation Net Income Slips to $320 Million as Company Reports Mixed Q4 Results

Jon Lafayette /
Next TV: Fox Q4 Net Income Dips to $319 Million

Mansha Daswani /