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But he is definitely leaning on the idea that he's building a media company that is also a tech company. That's partly because David Ellison isn't a tech mogul. But this reminds me a bit of the 2015 era when digital publishers like BuzzFeed and Vox Media told investors they weren't media companies but tech companies that made media. The bigger problem with the tech + media pitch isn't that tech and media aren't intertwined. AdvertisementThe real problem that Paramount — and just about every other big media company — has these days isn't that its tech isn't good enough.
Persons: , David Ellison, Ellison, he's, David Ellison's, Larry Ellison —, We've, David Ellison isn't, Steve Jobs, Jobs, John Lasseter, it's, He's, Lasseter, That's, Rich Greenfield, It's Organizations: Service, Hollywood, Paramount, Media, Technology Enterprise, Business, Oracle, Apple, Pixar, Disney, Vox Media, Netflix, YouTube, Lightshed
BuzzFeed really needs a 'Hot Ones' deal
  + stars: | 2024-06-24 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +1 min
BuzzFeed is trying to sell "Hot Ones," its hit video show. A deal would help BuzzFeed pay off some — but not all — of its $119 million debt obligation. This comes as Vivek Ramaswamy continues to scoop up BuzzFeed shares. 1: BuzzFeed has been trying to sell "Hot Ones," its hit viral video show, but has yet to make a deal. If BuzzFeed is successful at selling First We Feast, the company that owns "Hot Ones," then it will be in a better position to deal with Ramaswamy.
Persons: BuzzFeed, Vivek Ramaswamy, , Jonah Peretti, Ramaswamy Organizations: Service, Business
Read previewMarketing tech firm Button wants a piece of retail media. AdvertisementAccording to eMarketer, advertisers will spend $140 billion on retail media globally this year. "The intent in those moments is not nearly as high as the retail media intent in a retailer site," Jaconi said. AdvertisementButton claims that its initial tests with its retail ad product increased return on ad spend, a key metric that tracks the effectiveness of each ad dollar, by an average of 34% compared to other offsite retail media products. With the growth in retail media, a cottage industry of adtech firms like Criteo, Epsilon, Pacvue, and Skai are vying for a piece of brands' retail media spend.
Persons: , Button, Michael Jaconi, NBCU's Peacock, Jaconi, they're Organizations: Service, . Publishers, Publishers, Business, Microsoft
The porn videos had titles like "Juicy Anniversary" and "Bedroom Shenanigans." In search of a man for Wilson, Gow sought advice from his therapist, who suggested joining a swingers club. In the background, Video Gow is moaning "Oh yeah" as IRL Gow says, "I've always had some ED issues." As the video ends with the big finale — the money shot, as it's known in the industry — Video Gow stands above kneeling Video Wilson, arms outstretched. The termination letter said he had failed to properly report his income from the porn videos and had violated "prohibitions for using one's public position for private benefit."
Persons: Joe Gow, Carmen Wilson, Gow, isn't, " Gow, Wilson, Bruce Springsteen, we've, It's, I'm, Simone Lueck, BI Gow, hadn't, Wilson's, Nina Hartley, Danny Mountain, who'd, We've, Cal Berkeley, Lauren Phillips, Phillips, mischievously, We’ll, We'll, Barack Obama, Geri, Jay Hart, IRL Gow, I've, she'd, Barack Obama's, Hartley, Raymond Cross, Cross, Hartley dustup, Stills, , Tony Tomich, Moberg doesn't, Gow's, demurely, Starr, Socrates, Eugene Volokh, Roe, Diane, wouldn't, aren't, They've, Wilson wouldn't, Hallie Lieberman, She's Organizations: University of Wisconsin, selfies, CNN, The, BI, UW, La, Sony, Higher, MIT, USC, Cal, Dickinson State University, Food Network, IRL, Dartmouth, La Crosse Tribune, La Crosse, University of, FTI Consulting, Easton Moberg, Press, Stanford, Court, eBay, Sssh.com Locations: La Crosse, London, India, Gaza, Gow, Rock, San Francisco, Wisconsin, Chicago, Los Angeles, North Dakota, Arizona, Communist China, City, San Diego
Trump has dismissed the claims as a "pile of garbage," saying that the Steele dossier contained numerous inaccuracies and breached his rights under the Data Protection Act. Related storiesNeither the Trump campaign nor Trump's office responded to a request for comment. Neither the Trump campaign nor Trump's office immediately responded to Business Insider's request for comment. AdvertisementThe Steele dossier consisted of 16 separate reports that total 35 pages. It was leaked to and published by BuzzFeed in 2017 and alleged collusion between Donald Trump's campaign and Russia.
Persons: , Donald Trump, Christopher Steele, Hillary Clinton, Trump, Steele, — Christopher Steele, Stormy Daniels, BuzzFeed, Donald Trump's, Clinton Organizations: Service, British, Court, Sky News, Democratic National Convention, Business, Trump, Ritz, Carlton, Data, Orbis Business Intelligence, English Locations: British, Russia, Moscow
Editor’s Note: Featuring the good, the bad and the ugly, ‘Look of the Week’ is a regular series dedicated to unpacking the most talked about outfit of the last seven days. (CNN) — “Bridgerton” fans haven’t been able to stop talking about that long-awaited carriage scene that closed out the first half of the hit Regency-era romance series’ third season on Netflix. At the Toronto red-carpet premiere earlier this week, Coughlan stepped out in a structured lavender mini dress rippling with petal-like silk organza, paired with a voluminous red gathered cloak fit for early 19th-century yearning. Andy Kropa/Invision/APThis season has been a milestone for her character Penelope, who takes the spotlight at court, and Coughlan. At the Dublin premiere, she was asked about her “bravery” in showing her body on screen.
Persons: , haven’t, Nicola Coughlan, Luke Newton, Penelope Featherington, Colin Bridgerton, Coughlan, Sara Mrad, Aimée Croysdill, Robert Okine, Richard Quinn, Bridgerton, Danielle Frankel, Andy Kropa, Penelope, , , she’s Organizations: CNN, Netflix, Toronto, New, Derry Girls, BuzzFeed, Penelope’s, Dublin Locations: New York, Palestine
AdvertisementThe media giant, which owns Paramount Pictures and CBS, has been in the news as an acquisition target since late last year. Skydance might not be as recognizable a name, but the company's owner and CEO David Ellison is. It's "is Paramount big enough to survive on its own?" The rush to corner the market on data centers is a move by Big Tech to secure the keys to the coming AI kingdom. Big Tech, finance, and consulting jobs are becoming harder to come by, upending the job search for young people.
Persons: , Donald Trump, Rebecca Zisser, Warner, David Zaslav, Byron Allen, David Ellison, Larry Ellison, he's, Phillip Faraone, Peter Kafka, That's, Larry Ellison's, Alyssa Powell, Savita Subramanian, Gary Shilling, Kitty, Keith Gill, Arif Qazi, Jason Zander, they'll, Apple's, Siri, Dominic Bugatto, that's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith Organizations: Service, Paramount, Business, Paramount Pictures, CBS, RedBird Capital Partners, KKR, Warner Bros . Discovery, Sony, Hollywood, Getty, Tech, Bank of America, Wall Street, GameStop, Google, Microsoft, Big Tech, BI, Washington Post, Hewlett Packard Enterprise Locations: China, India, Texas, New York, London
The Washington Post is in trouble. This third newsroom will be comprised of service and social media journalism and run separately from the core news operation. AdvertisementStill, it's quite clear that Lewis, installed by Bezos last fall, has surveyed the existing Washington Post business strategy — run a newspaper with national ambitions and a subscription-based revenue model — and concluded that it didn't work. The more concerning part of Lewis' plan is that he now has two plans: There's The Washington Post, which will presumably continue to act like the old Washington Post. And there's the new, unnamed version of The Washington Post, which will operate very differently.
Persons: — Jeff Bezos, , Will Lewis, That's, Lewis, It's, he's Organizations: Service, Washington Post, Business, Bezos, Facebook, Daily, Washington, The Washington Post Locations:
In a letter to BuzzFeed’s board, a copy of which Ramaswamy posted online, the MAGA hardliner and former Republican presidential candidate recommended laying off large swaths of the company’s existing staff. He encouraged BuzzFeed’s board to transform the outlet into a creator-driven platform, suggesting it hire personalities akin to fellow radicals Candace Owens and Tucker Carlson. “Address your audience directly and candidly admit: We failed in our obligation to tell you the truth,” Ramaswamy encouraged BuzzFeed. But it was apparent that he does not view the right-wing entrepreneur’s ideas for the future of BuzzFeed as compelling. “I’m very skeptical it makes business sense to turn BuzzFeed into a creator platform for inflammatory political pundits.
Persons: Vivek Ramaswamy —, , Ramaswamy, MAGA hardliner, BuzzFeed’s, Candace Owens, Tucker Carlson, BuzzFeed, Donald Trump, ” Ramaswamy, Jonah Peretti, MAGA, ” Jeffrey A Sonnenfeld, , Vivek, Vivek Ramaswamy, Peretti, ” Peretti, , Sonnenfeld Organizations: New York CNN, Republican, , Yale School of Management, Facebook, Huffington Locations: New York, Covid, BuzzFeed
Former Republican presidential candidate Vivek Ramaswamy announced last week he had been buying up shares in BuzzFeed. Which led to the obvious question: Why is Vivek Ramaswamy buying up shares in BuzzFeed? Related storiesHe's laid it out in a letter to BuzzFeed's board, but if you're in a hurry I can summarize it for you: Ramaswamy wants BuzzFeed to pull an Elon Musk. Another option would be for Ramaswamy to play this out a while longer and watch BuzzFeed shares shoot up based on his saber-rattling. BuzzFeed shares closed at $3 today, up 20% from May 22, when Ramaswamy first disclosed his stake.
Persons: Vivek Ramaswamy, Ramaswamy, BuzzFeed —, Elon, Musk, Tucker Carlson, Bill Maher, There's, Jonah Peretti, Peretti, Donald, he's Organizations: Service, Republican, Twitter Locations: BuzzFeed, MAGA
BuzzFeed Clashes With Vivek Ramaswamy
  + stars: | 2024-05-28 | by ( Benjamin Mullin | ) www.nytimes.com   time to read: 1 min
BuzzFeed’s newest activist investor, the former Republican presidential candidate Vivek Ramaswamy, wants the company to consider moves like hiring the former Fox News host Tucker Carlson and the N.B.A. Jonah Peretti, BuzzFeed’s founder and chief executive, has already rejected some of Mr. Ramaswamy’s requests out of hand, setting up a clash between the two men. Mr. Ramaswamy, an investor who has amassed an 8.3 percent stake in BuzzFeed, sent a letter to the company’s board of directors Monday criticizing its business practices and journalistic efforts. Though he has been steadily buying up stock for months, his intentions for the company didn’t become clear until this week. Before his brief run for president, Mr. Ramaswamy made a fortune in the pharmaceutical business, selling his company’s stake in promising firms to the Japanese conglomerate Sumitomo.
Persons: Vivek Ramaswamy, Tucker Carlson, Charles Barkley, Jonah Peretti, BuzzFeed’s, Ramaswamy’s, Ramaswamy Organizations: Republican, Fox News, Sumitomo Locations: BuzzFeed
In today's big story, we're looking at the push for WFH Fridays and how that plays into the "quiet vacationing" phenomenon . The big storyAnti-office FridaysHector Roquet Rivero/Getty Images; Jenny Chang-Rodriguez/BIWith all due respect to summer Fridays, we've found a year-round replacement: WFH Fridays. But WFH Fridays' staying power remains to be seen. Which brings us back to WFH Fridays. The end result could be employers saying abuse of WFH Fridays means they need you back in the office… for good.
Persons: , Hector Roquet Rivero, Jenny Chang, Rodriguez, we've, Insider's Juliana Kaplan, Noah Sheidlower, It's, Taiyou Nomachi, millennials, they've, BI's Kelsey Vlamis, haven't, it's, Momo Takahashi, Goldman Sachs, SEB Research, That's, Andrew Caballero, Reynolds, Isabel Fernandez, OpenAI, Scarlett Johansson, Sam Altman, Y Combinator, Tyler Le, Mark Cuban, Vivek Ramaswamy, Burger King, Dan DeFrancesco, Hallam Bullock, George Glover, Grace Lett, Laine Napoli Organizations: Service, Business, Workers, Companies, RBC Capital, Pujol, BI, Microsoft, Google, Bloomberg, Finance Ministers, Central Bank Governors Locations: Dublin, Germany, Meta, BuzzFeed, New York, London, Chicago
In 2010, Mount Sinabung erupted for the first time in 400 years in Sumatra, Indonesia. The massive blast of lava and ash forced all villagers in the surrounding area to leave their homes. AdvertisementIndonesia has 120 active volcanoes, and Mount Sinabung is one of the most dangerous. Following this eruption, the government deemed anywhere within a 4.3-mile radius of the volcano too dangerous to live, BuzzFeed News reported. This story is available exclusively to Business Insider subscribers.
Persons: Mount Sinabung, , Sinabung Organizations: Service, CBS, BuzzFeed, Business Locations: Mount, Sumatra, Indonesia
CNBC Daily Open: Nvidia shares top $1,000 on AI boom
  + stars: | 2024-05-23 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia to split stock, sales to soarShares of Nvidia rose more than 7%, topping $1,000 for the first time, in after-hours trading after its first-quarter earnings and sales beat analysts' expectations. The company plans to split its stock 10 for 1. The media outlet went public in 2021 and has seen its shares fall 94% since then.
Persons: OpenAI, Vivek, Vivek Ramaswamy, Ramaswamy, Goldman Sachs Organizations: CNBC, Nvidia, Dow Jones, Nasdaq, Dow, Google, GOP, Securities and Exchange Commission
New York CNN —BuzzFeed’s stock is soaring after former Republican presidential candidate Vivek Ramasamy revealed that he’s taken an activist stake in the beleaguered media company in a bid to adjust the firm’s strategy. Shares of BuzzFeed gained about 20% on Wednesday after a securities filing revealed that Ramaswamy has acquired a 7.7% stake in the company. Ramaswamy “believes the securities of the Issuer are undervalued and represent an attractive investment opportunity,” the filing. BuzzFeed’s portfolio of brands includes HuffPost, Tasty and the First We Feast brand that houses its “Hot Ones” YouTube series. Last year, BuzzFeed shuttered its Pulitzer Prize-winning digital news site as part of a broader move to slash the company’s headcount by 15%.
Persons: Vivek Ramasamy, he’s, Ramaswamy, ” Ramaswamy, Tricia McLaughlin, BuzzFeed, Ramaswamy “ Organizations: New, New York CNN, Republican, BuzzFeed, CNN, Networks Locations: New York
Former GOP presidential hopeful Vivek Ramaswamy has an 8% stake in BuzzFeed and is seeking to effect a "shift" in the media firm's strategy, the investor said Tuesday in a filing. "Stay tuned," Ramaswamy told CNBC via a spokesperson. Companies should "do whatever allows them to be most successful over the long run without regard to political, social, cultural or environmental agendas," Ramaswamy told CNBC in a 2023 interview. Ramaswamy has remained close to the Mar-a-Lago circuit after throwing his support behind former President and presumptive GOP nominee Donald Trump. It's unlikely, however, that he will be Trump's vice-presidential pick, given that several GOP operatives and donors have expressed deep opposition.
Persons: Donald Trump, Vivek Ramaswamy, Ramaswamy, BuzzFeed, Jonah Peretti, Buzzfeed, — CNBC's Alex Sherman, Brian Schwartz Organizations: U.S, Republican, Trump, New, GOP, CNBC, Management, Roivant Sciences, Inc Locations: New Hampshire, Laconia , New Hampshire, U.S, BuzzFeed
Vivek Ramaswamy ran a failed campaign for the Republican presidential nomination. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhy is Vivek Ramaswamy buying up shares of BuzzFeed? Let's start by stating the obvious: It is very funny to type the sentence "Why is Vivek Ramaswamy buying up shares of BuzzFeed?" Ramaswamy, as you may recall, was a fringe candidate in the most recent Republican presidential primary, where his platform consisted of praising Donald Trump and promising to "Take America First further than Trump."
Persons: Vivek Ramaswamy, What's, , Ramaswamy, Donald Trump Organizations: Republican, Service, Trump Locations: Iowa
The 2010s were a frothy time for digital publishing. Billions of dollars flowed into publishers like BuzzFeed and Vice, with big media companies and venture capitalists betting those start-ups would eventually make lots of money. The jury trial of Carlos Watson, who is charged with trying to defraud investors in the digital media start-up he co-founded, Ozy Media, is scheduled to begin Monday with jury selection in federal court in Brooklyn. Mr. Watson has pleaded not guilty to all the charges against him. It remains unclear what Mr. Watson’s defense will be when the trial begins, or whether he will take the stand.
Persons: BuzzFeed, Carlos Watson, Watson, bluffing ” Organizations: Ozy Locations: Brooklyn
Read previewAttorneys began jury selection in the criminal fraud trial of Carlos Watson, the cofounder of the fallen digital media startup Ozy Media. This story is available exclusively to Business Insider subscribers. Carlos Watson is a Black man and Ozy Media was majority-owned by people of color." AdvertisementAttorneys for Watson did not immediately respond to a request for comment from Business Insider on Monday. Semafor co-founder, former New York Times columnist, and BuzzFeed News editor in chief Ben Smith and Ozy co-founder Carlos Watson.
Persons: , Carlos Watson, Watson, Watson's, Semafor, Ben Smith, Ozy, Dia Dipasupil, Kimberly White, Marc Lasry, Laurene Powell Jobs, Ron Conway, Axel Springer, Smith, Samir Rao, Suzee Han, Goldman Sachs Organizations: Service, Ozy Media, Business, Prosecutors, Apple, Google, Vice Media, New York Times, Goldman Locations: Brooklyn , New York, Buzzfeed
In today's big story, we're looking at the people preparing for the collapse of the financial system . The big storyPreparing for the worstAdobe; Chelsea Jia Feng/BIOpinions fluctuate on the economy, but one group has a decidedly strong take. In the subreddit r/economiccollapse, users are preparing for a Soviet Union-type fall of the US economy , writes Business Insider's Jennifer Sor. Further down the economic totem pole, ALICEs (asset limited, income constrained, employed) are struggling to make ends meet . 3 things in techAlex Wong/Getty Images, STR / Contributor/Getty Images, Stephane De Sakutin/Contributor/Getty Images, Abanti Chowdhury/BIHow Mark Zuckerberg turned against the news.
Persons: , Chelsea Jia Feng, Jennifer Sor, Jennifer, aren't, Tyler, there's, Neil Dutta, Jim Simons, annualized, Alex Wong, Stephane De Sakutin, Abanti Chowdhury, Mark Zuckerberg, Zuckerberg, Rupert Murdoch, Sam Altman, Alyssa Powell, Rick Doblin, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, Chelsea, Macro, Renaissance Technologies, Big Tech, Apple, FDA, FOX Locations: Soviet Union, China, Washington, Beijing, New York, London, Chicago
DeGeneres' daytime talk show, "The Ellen DeGeneres Show," ran for 19 seasons from 2003 to 2022. But, as Rolling Stone reported, DeGeneres doesn't have any desire for "revenge," something that she commented on when an audience member asked her directly if she would seek out those who "wronged" her. Related stories"I don't know who wronged me," DeGeneres responded, per Rolling Stone. There's no mean people in show business," DeGeneres joked during the set, according to Rolling Stone. "Honestly, I'm making jokes about what happened to me but it was devastating, really," she said, per Rolling Stone.
Persons: , Ellen DeGeneres, Ellen, DeGeneres, Stone, she's, would've Organizations: Service, BuzzFeed News, Business, West Hollywood, Stone, Hollywood Locations: West
Read previewPlenty of context is required to understand why Taylor Swift and Kim Kardashian are paired in new headlines this week — especially since, to the public's knowledge, they haven't interacted in years. It all started when Kardashian released clips of a phone call between Swift and Ye, without Swift's knowledge or permissionTaylor Swift, Kanye West, and Kim Kardashian at the 2015 Grammys. Kardashian's footage shows the rapper reading Swift the original line, "I feel like Taylor Swift might owe me sex," which she approvingly described as "obviously very tongue-in-cheek." Swift also liked a BuzzFeed headline that argues, "Everyone Owes Taylor Swift An Apology," among others, including a fan-made "Taylor told the truth mood board." AdvertisementIn 2024, Swift's song Thank You Aimee' reignited interest in her fued with KardashianTaylor Swift and Kim Kardashian.
Persons: , Taylor Swift, Kim Kardashian, Swift, Aimee, aIMee, Kardashian, Kardashian's, Kanye West, Ye, Kanye, Larry Busacca, Pablo, Taylor, Beyoncé should've, Beyoncé, Tree Paine, KimExposedTaylorParty, egged, — Kim Kardashian, Rolling Stone, Kardashian Taylor Swift, Kevin Mazur, Dave J Hogan, Dimitrios Kambouris, WireImage, It's, I'm, you've, didn't, Nobody, Paine, Cassandra, Jeff Kravitz, Steve Granitz, FilmMagic Swift, KIM Organizations: Service, Department, Business, Swift, Guardian, Kanye, YouTube, WHO, World Health Organization, America, Poets Department
"Reputation," released in 2017, ushered in Swift's villain era. Taylor Swift performs on the Reputation Tour. Alexander Tamargo/TAS18/Getty Images for TASSwift went dark during this era, wiping her social-media accounts and refraining from interviews and public appearances. Despite the darkness of the era, songs like "Delicate" and "Gorgeous" also chronicle the beginning of her relationship with Joe Alwyn. The Reputation Stadium Tour became the highest-grossing US tour in history — a record she has since beaten — Forbes reported.
Persons: Taylor Swift, Alexander Tamargo, Swift, Taylor, Kim Kardashian, Kanye, Buzzfeed, Joe Alwyn, — Forbes Locations: Glendale , Arizona
Within days, millions of TikTok videos using music from Universal artists went mute, and since then guessing which side would blink first has become a media-business parlor game. Backing this up, one study found that TikTok users reported experiencing higher levels of flow than Instagram users. Corey Basch, who analyzed 100 popular TikTok videos with the hashtag mentalhealth for a 2022 study, emerged concerned about the looping effect of the algorithm. Cerave Sales increased by more than 60 percent in 2020 after skin care became a lockdown pastime and TikTok users discovered the drugstore mainstay. Cat Crack Catnip It briefly sold out in 2021 after TikTok users posted videos of their cats going crazy for it.
Persons: randos, TikTok, you’ve, Sydney Sweeney, Glen Powell, , “ Wonka, Barbie, “ Oppenheimer, , goofing, cavorting, Sue Fleishman, Z’s Walter Cronkite, Spehar, Donald J, Trump, he’s, Caitlin Clark’s, Joe Biden, Justin Bieber, Abbie Richards, Richards, Britney Spears, Taylor Swift, Olivia Rodrigo, Lil Nas X, Fleetwood Mac, Rodrigo, Billie Eilish, Drake, Swift, ByteDance, can’t, Mark Warner, hasn’t, Al, ear on, Li Organizations: Fleetwood Mac, Facebook, Sony, Universal, Warner Bros, White, Pew Research Center, YouTube, The New York Times, Kansas City Chiefs, Media, Colgate, Universal Music Group, ByteDance, Intelligence Committee, e Locations: United States, Beijing, Biden’s, TikTok, Singapore, View, Calif, China, American
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. So in the meantime, the Condé Nast Union members have been assigned in recent weeks to a "centralized team" under Chris DiPresso, VP of content finance and operations. They were given assignments they were told were consistent with their skills, but not given firm deadlines or told what they were meant for. Condé Nast CEO Roger Lynch in November said the company would lay off 5% and shift focus to support short-form video, subscriptions, and e-commerce. Some believe the company is using the "rubber room" move to demoralize people and get them to leave the company on their own.
Persons: , Chris DiPresso, Slack, Delia Cai, Ina Garten, Cai, Condé, Roger Lynch, Bon, Condé Nast Organizations: Service, Vogue, Condé Nast Union, Business, New York, Washington Post, Disney, Warner Bros Locations: New York City, Hollywood
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