Seoul-based Spoon Labs, which operates an audio streamer called Spoon and a short video app called Vigloo, raised ~$89.3M from PUBG publisher Krafton (Marie Dealessandri/GamesIndustry.biz)
Mediagazer: Seoul-based Spoon Labs, which operates an audio streamer called Spoon and a short video app called Vigloo, raised ~$89.3M from PUBG publisher Krafton (Marie Dealessandri/GamesIndustry.biz)
Top News:
New York Post:
A former News Corp executive testifies in Google's ad antitrust trial that News Corp weighed switching from Google ad tools in 2017 but would have lost $9M— News Corp considered switching away from Google's advertising products in 2017 - but decided against it after determining it would cost …
Discussion: Reuters, AdExchanger, Adweek, Marketing Brew, Mumbrella, The Verge, Yahoo Finance, MediaPost, New York Daily News, Digiday, New York Times, The Media Leader and Reuters
Discussion:
Jody Godoy /
Reuters: News Corp would have lost $9 million in 2017 by ditching Google ads, ex-exec testifies
Allison Schiff /
AdExchanger: The DOJ vs. Google, Day Two: Tales From The Underbelly Of Ad Tech
Ryan Barwick /
Marketing Brew: Google ‘impossible to negotiate with,’ former News Corp exec testifies
Lauren Feiner /
The Verge: US v. Google redux: all the news from the ad tech trial
Alexis Keenan /
Yahoo Finance: Clash of the titans: Google and US attorneys kick off ad tech trial with clash over defining the market
Seb Joseph /
Digiday: From power play to courtroom drama: a timeline of tumultuous turns to Google's ad tech trial
Sabrina Quagliozzi /
The Media Leader: Google's antitrust trial over online advertising begins today
Jody Godoy /
Reuters: In the first day of the antitrust trial focused on ads, US prosecutors allege Google abused its size to dominate the sector through acquisitions and more
RELATED:
The Verge:
On Day 2 of the US DOJ's antitrust trial focused on ads, a former News Corp executive testifying as a government witness said Google held publishers “hostage”— Google's tool that lets publishers sell ad space on their websites is ubiquitous, but that's largely a testament …
Discussion:
Digiday, @vidushi_law, @adamkovac, MEDIANAMA, New York Post and City A.M., more at Techmeme »
Discussion:
Marty Swant /
Digiday: The Rundown: Highlights as sparks begin to fly on Day 2 of the latest Google antitrust trial
Vidushi Dyall /
@vidushi_law: She testified that she thinks part of ad tech should be “community assets” not run by for-profit companies. Judge Brinkema asked “What do you mean by community asset? Open source?” and whether exchanges should be non-profit?
Vidushi Dyall /
@vidushi_law: Towards the end, we heard that Layser wrote in a 2019 op ed, that she wanted G to contribute AdX to PreBid (header bidding) even though G doesn't bid into 3P, in order to make make it an open source tool for all. https://www.adexchanger.com/ ...
Vidushi Dyall /
@vidushi_law: On Unified Price Rules, implemented by G, Layser said she didn't feel it was in publishers interests because it reduced control over how they can monetize.
Vidushi Dyall /
@vidushi_law: On direct, Layser testified that switching publisher ad servers and from G's DFP isn't really a option because of revenue loss risk and that she didn't choose DFP because it's innovative, calling it a “30 year old piece of tech that is slow and clunky.”
Vidushi Dyall /
@vidushi_law: She also distinguished direct deals on selling ad space from open auction/real time bidding, and saying there isn't much shift happening here.
Vidushi Dyall /
@vidushi_law: Layser, like other witnesses yesterday, want full access to G demand. The judge commented on this, asking if she wanted access to G's advertiser demand but didn't want to go through the system to get it? The answer was yes.
Vidushi Dyall /
@vidushi_law: Checking in on Day 2 of #USvGoogle II. The first witness of the day was Stephanie Layser, who has a long career in publishing. A few employers include NY Post, DailyMail and most notably NewsCorp.
Adam Kovacevich /
@adamkovac: The judge in DOJ v Google case is appropriately skeptical of Google's ad tech rivals wanting to turn Google ad tech services into a public utility.
Simone Lobo /
MEDIANAMA: US Dept of Justice Accuses Google of Stifling Competition in Digital Ads; MediaNama's Take
Thomas Barrabi /
New York Post: DOJ launches case against Google in historic trial over digital ad dominance, attorney warns of ‘unintended consequences’
New York Times:
How Linsey Davis and David Muir firmly pursued real-time fact-checking to build guardrails around Trump in the ABC News debate between Trump and Harris— Calmly and firmly, Linsey Davis and David Muir pursued the kind of real-time fact-checking missing from many previous debates.
Discussion:
ABC News, The Hill, Variety, Fast Company, CNN, The Wrap, The Federalist, Fox News, Politico, New York Post, San Diego Union-Tribune, Wall Street Journal, Newsbusters, Axios, The Spectator Australia, Media Matters for America, New Republic, GQ, @acyn, New York Times, @davidgura, Deadline, @brianstelter, @timalberta, @davidfolkenflik, @brianstelter, @hughhewitt, TIME, Status, WXIA-TV, The Daily Beast, The Cut, NPR, Poynter, @sarafischer, Barrett Media, @dicktofel, @get_status@threads.net, @brianstelter, @joolesplumm, @newscentralcnn, Forbes, @nhannahjones, @jvlast@threads.net, Newser, @dylanbyers, Columbia Journalism Review, @abughazalehkat, @kyleclark9news@threads.net, UPI, Vogue, @mistergeezy, @mehdirhasan, @benjysarlin, @yashar, @jmflatham, @brianstelter, @juliachanb, @billackman, @acwardblueridge@threads.net, The Guardian, @cmclymer, @howardkurtz, Mediaite, Advocate, Vanity Fair, Los Angeles Times and C-SPAN.org
Discussion:
Riley Hoffman /
ABC News: READ: Harris-Trump presidential debate transcript
Dominick Mastrangelo /
The Hill: Megyn Kelly rips ABC moderators, Taylor Swift post-debate
Brian Steinberg /
Variety: By Fact-Checking Trump, ABC News Changed the Format of Presidential Debates
Andi Ortiz /
The Wrap: Stephen Colbert Applauds David Muir and Lindsey Davis for Debate Fact-Checks: ‘Can a Moderator Win a Debate?’ | Video
Beth Brelje /
The Federalist: ABC Should Be Prosecuted For Illegal Contributions To Harris In ‘Debate’
Emily Crane /
New York Post: Trump was fact-checked by ABC moderators 5 times — while Harris was left alone
Ivana Saric /
Axios: Trump “less inclined” to do another debate with Harris
Rod Lampard /
The Spectator Australia: Maga versus Marxism?
Kamala Harris /
Media Matters for America: Newsmax guest says white men “will be at the back of the line” under a Kamala Harris presidency
Ryan Broderick /
GQ: Conspiracy Theories Are No Longer as Useful as Trump Thinks They Are @acyn: CNN Fact Check of the debate: This was a staggeringly dishonest debate performance from former President Trump. Just lie after lie on subject after subject by my preliminary count, he made at least 33 false claims [video]
Michael M. Grynbaum /
New York Times: Trump Criticizes ABC Debate Moderation and Fox News Anchors
David Gura /
@davidgura: “Using calm and authoritative tones, @DavidMuir and @LinseyDavis offered a model for real-time fact-checking that has been absent from many recent presidential debates.” https://www.nytimes.com/... Deadline: In The Spin Room: Donald Trump And Allies Insist He Won The ABC News Debate, But Grouse That It “Was Three Against One”
Brian Stelter /
@brianstelter: My 2¢: Debate moderators are in an impossible position whenever Trump is on the stage. The same is true for journalists more broadly whenever Trump is the story: You're damned if you fact-check and you're damned if you don't.
Tim Alberta /
@timalberta: One way to look at it: ABC moderators fact-checked Trump 2-3 times and Harris zero times Another way to look at it: ABC moderators fact-checked Trump 2-3 times instead of 500 times
David Folkenflik /
@davidfolkenflik: The ABC duo is factchecking, pretty much just Trump so far, but it's focused, crisp and brief, so it doesn't feel as though it's interfering.
Brian Stelter /
@brianstelter: Trump is on the phone with “Fox & Friends.” Here is his first answer about the debate. He says three times that it was “3 on 1” but says “I thought I did a great job.” [video]
Hugh Hewitt /
@hughhewitt: Former President Trump to @foxandfriends just now: " “I think ABC took a big hit last night. To be honest, they are a news organization - they have to be licensed to do it - they ought to take away their license for the way they did that.”
Oliver Darcy /
Status: ABC's Authority — David Muir and Lindsey Davis firmly corrected Donald Trump and declined … WXIA-TV: As Trump and Harris spar, ABC's moderators grapple with conducting a debate in a polarized country
Andrea González-Ramírez /
The Cut: Thank You to ABC News' Fact-Checkers
Brittney Melton /
NPR: Fact-checking the Trump-Harris debate. And, food delivery could help the environment
Tom Jones /
Poynter: Looking back at Tuesday night's presidential debate, including ABC News' solid performance
Sara Fischer /
@sarafischer: Conservative criticism of ABC's fact checks won't move the needle with undecided voters, but they help Democrats position Trump as being on the defense post-debate. Barrett Media: Hugh Hewitt Questions If Disney Business Intrests Limited Questions During ABC News Presidential Debate
Richard Tofel /
@dicktofel: The job of the moderators is to help the American people get a better, more informed look at the candidates. Muir and Davis did that, both when they fact-checked Trump and when they let Trump drone on. @get_status@threads.net: ABC News showed how it is done. David Muir and Linsey Davis on Tuesday night facilitated a compelling and instructive debate between Donald Trump and Kamala Harris, while also fact-checking the lie-peddling former president and establishing a basic baseline of truth at the high-stakes political showdown. …
Brian Stelter /
@brianstelter: Trump suggests Disney's FCC licenses should be revoked due to the debate: “I think ABC took a big hit last night. To be honest, they are a news organization - they have to be licensed to do it - they ought to take away their license for the way they did that.” @newscentralcnn: JUST IN: A fact check of the big debate. CNN's Daniel Dale (@ddale8) notes “Trump has been staggeringly dishonest and Harris has been overwhelmingly (though not entirely) factual.” @JohnBerman [video]
Siladitya Ray /
Forbes: 'They're Eating The Dogs' And ‘Worst’ Inflation: Key Fact-Checks From The Presidential Debate
Ida Bae Wells /
@nhannahjones: Shout out to the @ABC moderators for fact-checking in real time. This is how you do it.
Jonathan V. Last /
@jvlast@threads.net: Over at the old place the anti-antis are losing their minds over how unfair the ABC moderators are. Which is, you know, tells you something.
Kate Seamons /
Newser: How the Real-Time Debate Fact-Checking Went Down
Dylan Byers /
@dylanbyers: Incredibly commendable job by @DavidMuir, @LinseyDavis and the @ABCPolitics team tonight. 👏
Jon Allsop /
Columbia Journalism Review: The refs worked — Late last week, during an event that was loosely described as a …
Kat Abu /
@abughazalehkat: btw David Muir and Linsey Davis are the most effective debate moderators we've seen since 2015 and any future debates should follow their example @kyleclark9news@threads.net: I'm impressed with Linsey Davis and David Muir's calm, composed, and concise fact-checking. UPI: In debate, Trump rants, cites conspiracy theories as Harris pushes back, touts her vision for future
Emma Specter /
Vogue: A Star of Tuesday's Presidential Debate? ABC's Linsey Davis
Greg /
@mistergeezy: Jake Tapper and Dana Bash can learn a lot from David Muir and Linsey Davis. Well done! [image]
Mehdi Hasan /
@mehdirhasan: Totally normal response to losing a debate. Not authoritarian or dictatorial at all. Btw, this is the free speech champion that Musk keeps hailing.
Benjy Sarlin /
@benjysarlin: Trump has a reputation for only complaining about media bias when it's really important and not on an hourly basis for 40 years so I'm sure the American people are going to be especially eager to hear several days of him laying out his case here
Yashar Ali /
@yashar: Sean Davis, the CEO of Federalist, believes that ABC should lose its broadcast license and that David Muir, Linsey Davis, and various ABC News executives should be indicted on federal criminal charges. [image] @jmflatham: Dana Bash and Jake Tapper arguing you can't fact check and run a smooth debate, @abc David Muir and linsey Davis just curb stomped their @CNN credibility
Brian Stelter /
@brianstelter: Live on Fox, Trump insults the two Fox anchors who have been pitched as debate moderators - Bret Baier and Martha MacCallum - and says “I wouldn't want to have” them. He says he would want Sean Hannity, Jesse Watters or Laura Ingraham to host instead. (An obvious non-starter.) [video]
Julia B. Chan /
@juliachanb: ABC's David Muir and Linsey Davis are doing a good job as moderators so far. Fact-checking statements and lies.
Bill Ackman /
@billackman: Why do the moderators only fact check @realDonaldTrump and not @KamalaHarris?
AC Ward /
@acwardblueridge@threads.net: High praise from an excellent fact-checker during a political debate.
Gabrielle Canon /
The Guardian: ABC News hosts of Harris-Trump debate praised for keeping candidates on-topic
Charlotte Clymer /
@cmclymer: Shout-out to Linsey Davis and David Muir of ABC News for actually doing their damn jobs as moderators. Much appreciated from a grateful voting public. @howardkurtz: Trump often took Harris' bait, and she performed well. But it really was 3 on 1 as ABC repeatedly asked Trump tougher questions with more follow ups and corrections, Kamala not so much https://www.foxnews.com/...
Sarah Rumpf /
Mediaite: ABC's Linsey Davis Fact-Checks Trump's Wild Debate Claims Democrats Support Letting Doctors ‘Execute the Baby’
Ryan Adamczeski /
Advocate: Who is moderating the tonight's presidential debate? Meet anchors David Muir and Linsey Davis
Michael Calderone /
Vanity Fair: 2024 Presidential Debate Recap: Highlights From the Harris-Trump Showdown
Stephen Battaglio /
Los Angeles Times: Meet the Harris-Trump debate moderators: ABC News' David Muir and Linsey Davis
Joemandese /
C-SPAN.org: User Clip: People On Television Are Saying...
The Verge:
ESPN's AI-generated articles recapping women's soccer games are bland and basic, failing to note key moments like one player's final game and emotional farewell— This weekend, ESPN began publishing AI-generated recaps of women's soccer games, with more sports to come.
Discussion:
Glenn Gabe /
@glenngabe: Like the AP's AI sports recaps (which started a few years ago) -> ESPN's AI-generated sports recaps are already missing the point “It's using Microsoft AI to write each story, with humans only involved in reviewing each recap for “quality and accuracy.” https://www.theverge.com/... [image]
Brian Andrews /
@swerdnanairb: I decided to check the ESPN PLL AI recaps after the Alex Morgan thing.. This is brutal. Did an editor check for anything more than spelling errors? [image]
Simon Owens /
@simondowens@threads.net: ESPN is experimenting with AI-generated recaps of little-watched games. While they don't contain any gross inaccuracies, they're also failing to mention key aspects of the game that would be relevant to anyone interested in its outcome. — https://www.theverge.com/...
Iain Hepburn /
@blandpseudonym.bsky.social: This is the kind of crap I fear seeping into the system over here. Lower leagues and women's football - deemed necessary to cover but of lesser value by news leadership - relying on match reports basically generated out of editorial Lego blocks. [embedded post] @itnewsbot@schleuss.online: ESPN is now using AI to recap women's soccer and people have feelings - Image: Cath Virginia / The Verge — This weekend, ESP... - https://www.theverge.com/...
Luis Paez-Pumar /
Defector: ESPN Masks Cynical AI Pivot As Benevolent Coverage Of “Underserved” Sports
Parker Molloy /
The Present Age: ESPN's AI Fumble: How Robot Recaps Missed Alex Morgan's Final Match
Axios:
The NYT tech guild of 600+ staff, the largest US union of tech workers with bargaining rights, authorizes a strike after over two years of talks and no contract— - The Wirecutter union held a five-day walkout over the Black Friday holiday weekend in 2021 and struck a deal with management days later.
Discussion:
@brianstelter, @nytguildtech, Sara Fischer on LinkedIn, Adweek and @beep@follow.ethanmarcotte.com
Discussion:
Brian Stelter /
@brianstelter: The union's maximum leverage point is the upcoming election... Will they strike? @nytguildtech: THERE IS NO DEBATE: We have approved a strike, with just weeks until Election Day. Read more here: https://www.nyguild.org/... [image]
Sara Fischer /
Sara Fischer on LinkedIn: NEW: The New York Times tech workers union has voted to authorize a strike in protest of stalled contract negotiations with The Times' management, sources confirmed to Axios. …
Brad Pareso /
Adweek: NYT Tech Workers Union Votes to Authorize Strike
Ethan Marcotte /
@beep@follow.ethanmarcotte.com: Per https://bsky.app/... , 95% of the votes were “yes.” This strike authorization didn't squeak by; this is what happens when management's failed for *years* to properly sit at the negotiating table. — This is also how you bring them *back* to the table.
GamesIndustry.biz:
Seoul-based Spoon Labs, which operates an audio streamer called Spoon and a short video app called Vigloo, raised ~$89.3M from PUBG publisher Krafton— It's the firm's largest investment in a non-gaming area to date — PUBG firm Krafton has invested KRW 120 billion ($89.3 million) in streaming company Spoon Labs.
Discussion:
Game Developer, Forbes, Games Press news and KED Global
Discussion:
Zinnia Lee /
Forbes: PUBG Developer Krafton Invests $90 Million In Bite-Sized K-Drama Startup Spoon Labs Games Press news: KRAFTON INVESTS IN SHORT-FORM VIDEO PLATFORM ‘SPOON LABS,’ WITH FOCUS ON DRAMATIC CONTENT
Seung-Woo Lee /
KED Global: Krafton diversifies its business by investing in Spoon Labs
Baekdal:
Affiliate links are no longer an easy revenue source for news publishers, as Google downranks product recommendations from non-specialized outlets— This is an archived version of a Baekdal/Basic newsletter (it's free). It is sent out about once per week and features the latest articles …
Discussion:
@risj_oxford
TechCrunch:
A group of Democratic senators asks the FTC and DOJ to probe whether AI tools that summarize online content like news may amount to anticompetitive practices— A group of Democratic senators is urging the FTC and Justice Department to investigate whether AI tools that summarize …
Discussion:
U.S. Senator Amy Klobuchar, @leftcoastbabe, @shadowhaxor, @bishplsok, Raptive and Axios
Discussion:
U.S. Senator Amy Klobuchar: Klobuchar, Colleagues Urge Justice Department, Federal Trade Commission to Investigate Generative AI Products for Potential Antitrust Violations
Janice Hough /
@leftcoastbabe: As much as MSM media is failing us, we really need local journalism. Senator Amy Klobuchar is working to do something about that. https://www.axios.com/...
Keith Mitchell /
@shadowhaxor: @TechCrunch YES! This needs to happen. Google is ripping off people's content, using it in its search engine without providing any traffic to their sites. Screw Google.
Michael Bishop /
@bishplsok: https://techcrunch.com/... 1. Tying search indexing to AI summarization opt-in is blatantly anticompetitive when you have monopoly control of search 2. @aripap picked literally the best time to start writing about G antitrust, lol 3. Pub rev share maybe finally on the table! Raptive: Statement from Marc McCollum, Chief Innovation Officer at Raptive, on Senator Amy Klobuchar's Letter Addressing AI's Impact on Content Creators
Axios:
Veteran journalist Peter Kafka is reviving his old Recode Media podcast under a new name, Channels, starting September 11 with the Vox Media podcast network— - He also worked out an arrangement with Vox Media CEO Jim Bankoff where he'll own the podcast, giving him freedom and flexibility.
Discussion:
TVNewsCheck, Vox Media, @pkafka, @jakesherman, @cgates123, @sarafischer, @pkafka, @mossbergwalt@threads.net, Nieman Lab, @pkafka@threads.net, MediaPost and Talking Biz News
Discussion:
Katie Campione /
TVNewsCheck: 49ers-Jets Boasts Solid Audience For ABC & ESPN Despite Disney-DirectTV Dispute Vox Media: Veteran Journalist Peter Kafka Relaunches His Acclaimed Weekly Media and Technology Podcast in Partnership with Vox Media
Peter Kafka /
@pkafka: And if you were previously subscribed to Recode Media you *should* have gotten my trailer in your feed this morning. But never hurts to check. Thanks to everyone at @voxmediapods for getting this thing up and running. Glad to be back.
Jake Sherman /
@jakesherman: I think @pkafka does a great podcast. So this is cool.
Christopher Gates /
@cgates123: Congrats @pkafka on the restructuring and launch! I have seen Vox utilize this structure more and more. It is smart. Give creators ownership and help them with production, distribution and advertising. As a maker of shows, ownership is 🗝️ https://www.axios.com/...
Sara Fischer /
@sarafischer: Big news for media biz: @pkafka bringing his infamous pod back to @voxmedia, rebranding it “Channels” -He'll remain w @BusinessInsider -Will still be a weekly intv show -Peter will own the show. Vox Media is production, distribution and sales partner https://www.axios.com/...
Peter Kafka /
@pkafka: Professional news: I have two jobs! Very excited to start chatting again. Sara has the backstory below. You can get tomorrow's show - an interview with the New Yorker's David Remnick - and every one after that, for free, by heading here https://link.chtbl.com/kafka
Walt Mossberg /
@mossbergwalt@threads.net: Just checked on Apple Podcasts. Channels is automatically there in the feed previously occupied by Recode Media. Can't wait!
Joshua Benton /
Nieman Lab: The old Recode Media podcast is returning to a familiar home
Peter Kafka /
@pkafka@threads.net: I'm putting on my podcast pants again, starting tomorrow: Channels will be a long-form interview show dropping every Weds. First guest: David Remnick, the New Yorker's longtime editor. — Subscribe now (for free!) on the app of your choice: https://link.chtbl.com/kafka 1/2
Ray Schultz /
MediaPost: Vox To Start Multimedia Podcast Franchise
Chris Roush /
Talking Biz News: Kafka revives podcast for Vox Media
Asheville Watchdog:
An interview with former Washington Post Editor Martin Baron on Jeff Bezos' purchase of the outlet, Trump's election in 2016, and his memoir, Collision of Power— Asheville Watchdog hosted a special free public event on Thursday, Sept. 5. Watchdog political reporter Tom Fiedler interviewed …
Discussion:
r/Journalism
Adweek:
Amazon says it is testing sponsored ads in chats with Rufus, its AI-powered shopping assistant, in the US— But ad buyers are cautious about the placements — Amazon is starting to plug ads into generative AI. — Sponsored ads—Amazon's core search ad format—could start appearing …
Discussion:
The Drum, Adam Epstein on LinkedIn and Jeremy Dodge on LinkedIn
Discussion:
Laure Malergue /
The Drum: How generative AI paves the way for more contextualized and personalized DOOH campaigns
Adam Epstein /
Adam Epstein on LinkedIn: It will be fascinating to see the outcome of Amazon bringing ads to Rufus. — Sponsored Ads (primarily search) are Amazon's cash cow, accounting for 80% of all Ad revenue. …
MediaPost:
A US district judge blocks Utah from enforcing the Minor Protection in Social Media Act, set to take effect on October 1, saying the law likely violates the 1A— A federal judge has blocked Utah from enforcing a new law that would have restricted social media platforms' ability to serve content to minors under 18.
Discussion:
Reuters, Technology & …, The Reporters Committee …, The Verge, Utah Political Watch, @keir_lamont, Bloomberg Law and KSL-TV, more at Techmeme »
Discussion:
Nate Raymond /
Reuters: Utah law restricting youth social media use blocked by judge
Eric Goldman /
Technology & Marketing Law Blog: Court Enjoins the Utah “Minor Protection in Social Media Act”-NetChoice v. Reyes
Chris Young /
The Reporters Committee …: 9th Circuit: Provisions of California's content-moderation law violate First Amendment
Keir Lamont /
@keir_lamont: Credit to the Utah District Court for actually reading the Surgeon General's Advisory on Social Media and Youth Mental Health. Which is far more nuanced than the arguments it is typically invoked to support. https://storage.courtlistener.com/ ... [image]
Hanna Seariac /
KSL-TV: Judge blocks Utah social media law
The Guardian:
Pact: UK TV production sector revenue fell by £392M to £3.61B in 2023; the amount spent on commissioning programs by UK broadcasters fell from £1.99B to £1.78B— Revenue plunges as cash-strapped broadcasters spend less on commissioning amid ad slump and shift to streaming
Discussion:
WORLD SCREEN, C21Media, Broadcast, Pact, Deadline, Broadband TV News and Daily Mail
Discussion:
Mansha Daswani /
WORLD SCREEN: Pact: U.K. TV Production Revenues Fell 8 Percent In 2023
Neil Batey /
C21Media: UK television revenues fell by $512m as industry contracts, Pact survey shows
Max Goldbart /
Deadline: UK Broadcasting Chiefs Branded “Callous” & “Cloth-Eared” By Pact Boss For Publicly Proclaiming Death Of Mid-Budget Shows
Julian Clover /
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”