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A spokesperson for the Washington Post, which Bezos bought in 2013 for $250 million, said it is not for sale. "A Bloomberg acquisition of the (Post) is not necessarily just a business decision. According to Axios, Bloomberg sees Dow Jones, also the publisher of Barron's and MarketWatch, as the ideal fit but would buy the Post if Bezos was interested in selling. Dow Jones did not immediately respond to Reuters' request for comment. Reuters competes with Dow Jones and Bloomberg News, a unit of Bloomberg L.P., a provider of financial news.

☆ Michael Bloomberg reportedly wants to buy either Rupert Murdoch's WSJ or Jeff Bezos' Washington Post
▼ + stars: | 2022-12-23 | by ( Travis Clark | ) www.businessinsider.com time to read: +2 min

Michael Bloomberg wants to expand his media empire with either Dow Jones or The Washington Post, Axios reports. Dow Jones is the parent company of publications like The Wall Street Journal and Barron's. Axios reported on Friday that Bloomberg, who owns the Bloomberg media outlet, wants to buy one of his fellow billionaires' media companies. He reportedly sees a Dow Jones purchase as the stronger option. Dow Jones, which is owned by Murdoch's News Corp, is the parent company of such publications as the Journal, Barron's, and MarketWatch.

Dec 12 (Reuters) - News Corp (NWSA.O) named Sunday Times editor Emma Tucker the new editor of the Wall Street Journal and Dow Jones Newswires on Monday. In his new role, Murray will take on “several critical growth projects supporting News Corp,” the company said. That vision appears to align with that of the Journal's publisher and Dow Jones chief executive, Almar Latour, who is credited with leading the digital transformation of the publication, which now boasts more than 3 million digital subscribers. “Emma is a brilliant, inspiring editor, with digital nous and the highest standards of integrity,” Thomson said in a statement on Monday. “She has been a thoughtful custodian of The Sunday Times and will bring verve and virtue to Dow Jones.

☆ Congress dropped a controversial media bill which saw Facebook threaten to ax news in the US if the act passed, report says
▼ + stars: | 2022-12-07 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Congress excluded a controversial media bill from the National Defense Authorization Act, on Tuesday. The bill would have forced online platforms like Facebook to pay for news content from publishers. Facebook on Monday threatened to ax news from its platforms in the US if the bill passed. It would require social media firms to pay publishers for their news content. Meta temporarily banned news in Australia in 2021 after a similar law was proposed requiring social media platforms to pay journalism outlets for news content.

☆ Meta has threatened to pull all news from Facebook in the US if an 'ill-considered' bill that would compel it to pay publishers passes
▼ + stars: | 2022-12-06 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Meta threatened to pull news from its US platform over a media bill, in a statement on Monday. The media bill will require Facebook and other platforms to pay publishers to distribute news. Meta previously cut all access to news in Australia after a similar bill was passed in the country. The statement read that if Congress passes the "ill-considered journalism bill," Meta "will be forced to consider removing news from our platform altogether." Meta eventually reversed the ban after the bill was amended, and struck a deal with Rupert Murdoch's News Corp to pay the media firm to distribute its content across Facebook.

☆ Ron DeSantis just announced he has a memoir coming out soon. Here's what we learned from his first book, a scathing take on Obama
▼ + stars: | 2022-11-30 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +13 min

DeSantis wrote the book during the Tea Party movement and before he ran for Congress. He did so throughout his 2011 book, "Dreams from Our Founding Fathers: First Principles in the Age of Obama." According to NPD BookScan, which tracks retail sales of US print books, "Dreams from Our Founding Fathers" sold 125 copies through July of 2022. In one section of the book, DeSantis wrote that Obama lacked the humility of George Washington, the first US president. Obama, DeSantis wrote, "garnered flattering media coverage by a press thoroughly enamored with his progressive politics."

PARIS/STOCKHOLM, Nov 4 (Reuters) - Telecom operators are pushing the European Union to implement new laws that would make Big Tech pay for network costs, following Australia's example, according to four sources close to the matter. "GSMA is coordinating a proposal that speaks to Big Tech contribution to European infrastructure investment," said John Giusti, GSMA's chief regulatory officer, without elaborating on the content of the proposal. Google, Facebook, Netflix, Amazon did not immediately respond to requests for comment. Australia's recently-adopted laws in its own spat with Google and Facebook have emerged as the most-favoured weapon for telecoms operators in their dispute with Big Tech companies, the sources said. The rules, first aimed at compelling tech giants to pay for news content online, allow an Australian government-appointed arbitrator to set fees if Big Tech companies and news publishers fail to find a common ground over copyright.

As recently as August, Lachlan Murdoch described sports betting as "a huge opportunity" for Fox Sports, telling Wall Street it would fuel viewer engagement. The sports betting app Fox Bet is available in four states, with just 0.2% share of the U.S. market, according to researcher Vixio. A free version called Fox Bet Super 6 has attracted some 6 million users whom Fox hopes to eventually convert to gamblers. The growth of Fox Bet has stagnated since market-leading FanDuel's owner, Flutter Entertainment Plc (FLTRF.L), acquired Stars Group in 2020. The matter is the subject of an arbitration case and Lachlan Murdoch told investors a decision is expected imminently.

After being the longest-serving health secretary in British history and stints running the foreign office and culture ministry, Hunt returns from government exile after two failed bids to become Britain's prime minister himself. "The appointment of Jeremy Hunt as Chancellor is a wise choice," Conservative lawmaker Bernard Jenkin said on Twitter. Ironically, though, while Truss has said she will press ahead with a cut to income tax, Hunt said at the time that could wait. Other critics said some of the problems that the state-run health service faced were a consequence of his role as health minister. During a trip to China in July in 2018, he mistakenly described his wife Lucia, who hails from China, as being Japanese.

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