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Corporate America’s treatment of Latinx people as a homogeneous monolithic group, instead of the diverse demographic it is, has for decades perpetuated stereotypes of Latino authenticity. These stereotypes have disproportionately depicted Latinos on TV and in movies as Spanish speakers that hailed from Latin America and shared a particular Latin “look.”In Hollywood, this narrative has reinforced the notion that we are a niche market that is separate from the mainstream, which could be served through the importation of programming that is cheaper to produce in Latin America over programing that is produced in the United States. That’s why it was exciting to see Jenna Ortega and Pedro Pascal make Emmy history last week, as only the third Latina actress and first Latino actor nominated in the lead acting categories for the hit shows “Wednesday” and “The Last of Us.”Though Latinx people make up 19 percent of the U.S. population, they account for less than 5 percent of actors cast in speaking roles in the nation’s top-grossing films. Additionally, representation in the media industry as a whole stands at a mere 12 percent, with the majority of positions being service oriented, like cleaning services and security. These numbers have remained stagnant for decades, which is outrageous when you consider that they make up nearly half the population in Los Angeles County.
Persons: Jenna Ortega, Pedro Pascal Organizations: Hollywood, Latina Locations: America, United States, Los Angeles County
“In the next few years, the main impact of AI on work will be to help people do their jobs more efficiently,” Microsoft co-founder Bill Gates said in a blog post recently. Big Tech companies are now rushing to jump on the AI bandwagon, pledging significant investments into new AI-powered tools that promise to streamline work. News outlet CNET had to issue “substantial” corrections earlier this year after experimenting with using an AI tool to write stories. Others like Clarke, the publisher, have tried to combat the fallout from the rise of AI by relying on more AI. “You listen to these AI experts, they go on about how these things are going to do amazing breakthroughs in different fields,” Clarke said.
Persons: hasn’t, Neil Clarke’s, Clarke, , ” Clarke, “ It’s, ChatGPT, Bill Gates, it’s, Shakked, Neil Clarke, Lisa R, Clarke Mathias Cormann, ” Cormann, ’ Ivana Saula, Saula, ” Saula, , Gizmodo Organizations: CNN, Microsoft, Big Tech, Massachusetts Institute of Technology, MIT’s Department of Economics, Clarkesworld Magazine, Organization for Economic Co, Development, “ Workers, International Association of Machinists, Aerospace Workers, ” Workers, CNET, Star Locations: Shakked Noy, MIT’s, newsrooms
Disney CEO Bob Iger recently called strikers' expectations "not realistic," quickly drawing criticism. Iger could make over $27 million this year, 535 times the median pay of his employees. An average CEO in 1978 made around 31 times what their average worker made, according to the Economic Policy Institute. In 2020, the average CEO made 346 times what their average worker made. At Disney, the median worker pay is $54,256, according to the company's latest proxy statement.
Persons: Bob Iger, Sean Gunn, Fran Drescher, Iger, Gunn, Drescher, Sen, Bernie Sanders, he'd, Variety, David Zaslav, Reed Hastings, Brian Roberts Organizations: Disney, SAG, Morning, Hollywood, CNBC, Sun Valley Conference, Writers Guild of America, Guardians, Economic, Warner Bros, Netflix, Comcast Locations: Idaho, Los Angeles
Industry experts explain the three media trends that could replace traditional sports journalism. But Challenger and other experts say the demand for sports content isn't going anywhere: it's just going to look, and sound, a little different. Wiacek said that the 18- to 30-year-old demographic is key for traditional media organizations, yet the hardest to reach. "The more traditional media outlets are trying to find ways of attracting that audience," Wiacek said. Hanlon said team communications are essential for growing leagues like the NWSL that can't wait around for classic media coverage to pour in, especially in local markets.
Persons: Andy Challenger, It's, Challenger's, Challenger, Conrad Wiacek, Wiacek, Pat McAfee, CJ McCollum, McAfee, famer David Ortiz, JJ Redick, isn't, Tim Hanlon, Hanlon, They're Organizations: ESPN, New York Times, Sports Illustrated, Warner Bros, The Athletic, NFL Media, Times, Los Angeles Times, Industry, Sports, YouTube, Indianapolis Colts, NBA, famer, Leagues, MLS, LA Times, Associated Press, Minor League Baseball Locations: FanDuel, pickleball
Wall Street analysts were positive on Netflix after its latest subscriber additions and largely dismissed concerns of that the monetization of paid sharing is too slow. The company added 5.9 million subscribers in the quarter in a sign that its password sharing crackdown and advertising tier is generating new subscribers. "2Q review: Password sharing supercharges subs Netflix (NFLX) reported healthy 2Q results, which reflected strong net adds of 5.9mn (vs. guidance of ~1.75mn and our 2.95mn est. ), indicating the initial rollout of password sharing has been very positive," the analyst wrote on Thursday. Wells Fargo's Steven Cahall said investors are "over-exuberant on paid sharing," though he reiterated an overweight rating on the stock.
Persons: Doug Anmuth, Anmuth, America's Jessica Reif Ehrlich, Wells Fargo's Steven Cahall, Needham's Laura Martin, NFLX, OTT, — CNBC's Michael Bloom, Alex Sherman Organizations: Netflix, " Bank, America's, DIS Locations: Wednesday's
Netflix reports second-quarter earnings on Wednesday and investors will pay close attention to the streaming giant's crackdown on password sharing, as well as the recently launched ad-supported tier. Here's what analysts are expecting for the quarter, according to Refinitiv:Earnings: $2.86 per share$2.86 per share Revenue: $8.30 billionIn May, Netflix began alerting members about its new sharing policy, which prevents freeloaders from sharing accounts. Netflix saw its subscriber base rise weeks after the rollout, according to a report from Antenna. Investors will also watch for any details Netflix provides on its recently launched cheaper, ad-supported tier. During its pitch to advertisers in May, Netflix unveiled few details about its ad-supported tier, albeit enough to push its stock higher.
Persons: MoffettNathanson, Wells, Steven Cahall Organizations: Netflix, Media, Hollywood Locations: Wells Fargo
(Photo by Charley Gallay/Getty Images for Netflix)The main takeaway from Netflix 's second quarter earnings is business is ... good. Netflix added 1.2 million subscribers in the United States and Canada in the quarter — its largest regional quarterly gain since 2021. This is not the story for the rest of the media industry. That means Netflix will actually have even more cash than it previously expected. Next quarter, Netflix forecast subscriber gains will be about 6 million again.
Persons: Netflix Ted Sarandos, Charley Gallay Organizations: Netflix, Raleigh Studios Hollywood, Disney, Warner Bros, Paramount Global, Comcast Locations: ANGELES , CALIFORNIA, Los Angeles , California, United States, Canada
All of this turmoil will be on investors' minds as the media industry kicks off its earnings season this week, with Netflix up first on Wednesday. Netflix, with a new advertising model and push to stop password sharing, looks the best positioned compared with legacy media giants. At the top of the list is contending with Disney's TV networks, as that part of the business appears to be in a worse state than Iger had imagined. The labor fight blew up just as the industry has moved away from streaming growth at all costs. Last week's ruling from a federal judge that Microsoft's $68.7 billion acquisition of game publisher Activision Blizzard should move forward serves as a rare piece of good news for the media industry.
Persons: Mike Blake, Bob Iger, Iger, Bob Iger's, Michael Nathanson, SVB, CNBC's David Faber, Nathanson, Producers –, Mark Boidman, Ross Benes, Benes, Comcast's NBCUniversal, Solomon, Boidman, Random, Paramount's Simon, Schuster, Tegna, Jason Anderson, Peter Liguori, Anderson, HBO Max, Homer, Marge Getty Organizations: Guild of America, Netflix, Alliance, Producers, Reuters, Disney, Disney's, Paramount Global, Comcast, Warner Bros, American Federation of Television, Radio Artists, Media, Solomon Partners, CNBC, Hollywood, Intelligence, ABC, Paramount, BET, NBC Sports, USA, Discovery, Activision, Federal Trade Commission, dealmaking, Microsoft, Tribune Media, Max, HBO, Amazon, MGM, Sky, Fox Corp, FOX Locations: Los Angeles , California, U.S, MoffettNathanson, Hulu
"Need to reach positive cash flow before we have the luxury of anything else," Musk wrote in response to a tweet. Musk took over Twitter in October of last year in a deal valued at around $44 billion, including about $13 billion in debt. He also claimed at that time that the company was "roughly breakeven," and expected to become cash flow positive within the next quarter. A number of widely followed accounts on Twitter posted that they were dismayed they did not qualify to earn income from the program yet. It's not clear how much Twitter paid creators in total in this first round of payments.
Persons: Elon Musk, Porte, Alain JOCARD, ALAIN JOCARD, Musk, Linda Yaccarino, Comcast's NBCUniversal, NBCUniversal, Twitter, Andrew Tate —, Tate, influencers, Omar Qazi, Sawyer Merritt, Brian, Ed Krassenstein Organizations: SpaceX, Twitter, Porte de, Getty, BBC, CNBC, Internet Hall of Fame, of, X Corp Locations: Paris, AFP, Romania
Disney CEO Bob Iger opened the door to selling the company's linear TV assets as the business struggles during the media industry's transition to streaming and digital offerings. "We've gotten a lot done very quickly, significant cost reductions and significant realignment of the company," Iger said. Disney reorganized into three segments: Disney Entertainment, which includes most of its streaming and media operations; an ESPN division; and a parks, experiences and product unit. In addition to looking for his next successor, Iger has been tasked with bringing Disney's streaming business to profitability. It's likely Comcast will sell its Hulu stake to Disney at the beginning of 2024, CNBC previously reported.
Persons: Bob Iger, Iger, Disney's, Bob Chapek, CNBC's David Faber, Faber, he's, We've, Nelson Peltz, weren't Organizations: Disney, CNBC, Allen, Co, Disney Entertainment, ESPN, Netflix, Wall, Comcast Locations: Idaho, Hulu, It's
Meta Platforms made headlines last week with the launch of Threads , a text-based social media app challenging Twitter and pitting two heavyweight technology leaders against one another. "It's a land grab right now, right now, it's PR," said Paul Meeks, portfolio manager at Independent Solutions Wealth Management. Evercore ISI's Mark Mahaney wrote in a recent note that Threads "poses very little downside" risk to Meta's business, offering "upside optionality" for revenues and profits. Headwinds to Twitter Morfe broadly, Threads may rattle the social media industry and, over the long haul, snatch up some competitor's cherished advertisers. To be sure, Elevation Partners co-founder Roger McNamee said Meta and Threads face a long, uphill climb.
Persons: Mark Zuckerberg, Meta, Meta hasn't, Adam Mosseri, it's, Paul Meeks, Meeks, Evercore, Mark Mahaney, Gene Munster, Mark Douglas, MNTN, CNBC's, Matthew Prince, Musk's, Alex Spiro, Roger McNamee Organizations: European Union, Twitter, PR, Independent Solutions Wealth Management, Meta, Facebook, Elon, Partners
New York CNN —Disney CEO Bob Iger said Disney wants to avoid the so-called culture wars but defiantly pushed back against right-wing critics who have claimed Disney is adding inappropriate sexual content to its programming. “The notion that Disney is in any way sexualizing children is preposterous and inaccurate,” Iger said in a CNBC interview Thursday. Some Republican politicians, including Florida Gov. DeSantis has called Disney a “woke” corporation and has tried to make his verbal and legal attacks on Disney a winning political message. Disney (DIS) also owns ESPN, but Iger said that he’s “bullish” on sports and wants to stay in the sports business.
Persons: Bob Iger, Disney, ” Iger, Ron DeSantis, , Tucker Carlson, DeSantis, Iger, Bob Chapek, didn’t, Bud Light, , Disney’s, Hollywood, It’s Organizations: New, New York CNN, Disney, CNBC, Republican, Florida Gov, ” Former Fox News, ABC, Geographic, ESPN, NFL, NBA, , Hollywood Locations: New York, Florida
Disney's Bob Iger said the company's TV and cable businesses may not be core. Disney's no-growth TV and cable businesses "may not be core" to the company and it will be "expansive" about how it treats them, CEO Bob Iger said. Iger said that while cable TV had declined faster than he expected, Disney's parks business is doing well, the studio business has been successful, and streaming has a bright future. There's been industry speculation that Disney might sell ESPN; Iger stressed that Disney was committed to the business. On recent box office misses in Pixar's "Elemental" and "The Little Mermaid," Iger acknowledged Disney's zeal to grow its streaming business contributed to some "disappointments."
Persons: Bob Iger, Iger's, Iger, he's, We've, There's, supercharging Organizations: Disney, Hulu, ESPN, Morning, CNBC, WGA, SAG
On June 28, 2020, a group of women using the name Black Females Anonymous published a damning public letter that shook Essence magazine, the leading publication for Black women in America, to the core. Essence magazine was launched in 1970 at a time when Black business and civil-rights leaders called for greater self-determination and empowerment. The magazine was the brainchild of a group of four Black businessmen who identified a lack of publications for Black women in America. "And that is to serve Black women deeply, to serve women of color in a way that no one else has thought about." Essence CEO Michelle Ebanks, Dennis, and Essence chief content and creative officer, Moana Luu, at the 2020 13th Annual Essence Black Women in Hollywood luncheon.
Persons: Richelieu Dennis, Dennis, haven't, Susan Taylor, Taylor, , Jason Kempin, wasn't, Michelle Ebanks, Rich Dennis, Arturo Holmes, Margarita Corporan, Forbes, let's, didn't, Sandra Okerulu, Ebanks, Luu, Moana, Rich Polk, Wears, Danielle Young, Julee Wilson, Candace Montgomery, Wilson, Montgomery, Martha, Martha Dennis, Rechelle, Sophia, Richelyna, Alan Lescht, bristled, Joy Collins Profet, Readers, Essence's, Collins Profet, Caroline Wanga, — it's, Wanga, unappreciated, Travis Montaque, cofounders, Lionel Hahn, Yesha Callahan, Rich, That's what's, Yoonji Han Organizations: Black, Time Inc, Vogue, Sports, Essence Communications, Entertainment, New York Times, Meredith Corporation, Essence, Inc, Brands, Ventures, Upfronts, Babson College, The, Depot, PepsiCo, Accenture, Unilever, Magazine, Magazine's, Penske Media, Getty, Essence Ventures, Afropunk, Vice Media, Black Entertainment Television, Digital, Sports Illustrated, Media, Fortress Investment, NASDAQ, Trace Media, texturism, Readers, Employees, Staff, BET, Culture, Democracy, Inkwell Locations: America, Black, Liberia, Queens, shea, Moana Luu, Martinique, France, Paris, Philippines, Hollywood, Industry City, Brooklyn, Cannes
"Essence is the most deceptive Black media company in America. Essence Magazine was first published in 1970 at a time when Black business and civil rights leaders called for greater self-determination and empowerment. The magazine was the brainchild of a group of four Black businessmen who identified a lack of publications for Black women in America. "And that is to serve Black women deeply, to serve women of color in a way that no one else has thought about." Essence CEO Michelle Ebanks, Richelieu Dennis, and Essence chief content & creative officer Moana Luu at the 2020 13th Annual ESSENCE Black Women in Hollywood luncheon.
Persons: Richelieu Dennis, Dennis, Susan Taylor, Taylor, , Jason Kempin, wasn't, Essence Communications Michelle Ebanks, Rich Dennis, Arturo Holmes, Margarita Corporan, Forbes, let's, Black, didn't, Sandra Okerulu, Michelle Ebanks, Luu, Moana, Rich Polk, Wears, Danielle Young, Julee Wilson, Candace Montgomery, Wilson, Montgomery, Martha, Martha Dennis, Rechelle, Sophia, Richelyna, Alan Lescht, bristled, Ebanks, Joy Collins Profet, Readers, Essence's, Collins Profet, Caroline Wanga, — it's, Wanga, unappreciated, Travis Montaque, cofounders, Lionel Hahn, Yesha Callahan, Rich, That's what's, Yoonji Han Organizations: Black, Essence Magazine, Time Inc, Vogue, Sports, Essence Communications, Entertainment, New York Times, Meredith Corporation, Brands, Ventures, Upfronts, Babson College, The, Depot, PepsiCo, Accenture, Unilever, Inc, Magazine, Magazine's, Penske Media, Getty, Essence Ventures, Afropunk, Vice Media, Black Entertainment Television, Digital, Sports Illustrated, Media, Fortress Investment, NASDAQ, Trace Media, texturism, Hamptons, Readers, Employees, Staff, BET, Culture, Democracy, Inkwell, Essence Locations: America, Black, Liberia, Queens, shea, Moana Luu, Martinique, France, Paris, Philippines, Hollywood, Industry City, Brooklyn, Cannes
Disney extended CEO Bob Iger's contract for 2 years, through the end of 2026. Company watchers won't be shocked by the move, since Iger extended his previous tenure in the role many times. Insiders said he wants to protect his legacy and stabilize the business, especially after the exit of its CFO. Disney just extended Bob Iger's contract for two more years, through 2026, the company announced today. Iger pledged at the time to prioritize finding a successor, but he has extended his contract before — four times during his first 15-year tenure.
Persons: Bob Iger's, Iger, Bob Chapek, Dave Heger, Edward Jones, Heger, Christian Knaebel, Christine McCarthy, Disney, — here's, Chapek, Jay Rasulo, Kevin Mayer, Tom Staggs, Dana Walden, Alan Bergman, Iger's reorg, Dana, who's, Bergman, Walden, Meta execs Sheryl Sandberg, Carolyn Everson, Josh D'Amaro, Jimmy Pitaro, Adam Silver, Silver, Andrew Wilson Organizations: Disney, Hollywood, Writers Guild of America, SAG, Longtime, Disney Entertainment, Pixar, ESPN, National Basketball Association, EA Locations: Iger
Disney explores strategic options for India business - WSJ
  + stars: | 2023-07-11 | by ( ) www.reuters.com   time to read: +1 min
July 11 (Reuters) - Walt Disney (DIS.N) is exploring strategic options for its Star India business, including a joint venture or a sale, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The company has talked to at least one bank about ways to help the India business grow, while sharing some of the costs, according to the report. The talks are in the early stages and it is unclear which options, if any, Disney might pursue, WSJ said. Disney's India business comprises Disney+ Hotstar streaming service and Star India, which it took over when it acquired the entertainment assets of 21st Century Fox in 2019. Star India, which was rebranded as Disney Star last year, encompasses dozens of TV channels and a stake in a movie production company.
Persons: Walt Disney, Hotstar, Yuvraj Malik, Shounak Dasgupta, Shailesh Organizations: Star India, Wall Street, Disney, Century Fox, Disney Star, Thomson Locations: India, Bengaluru
A Meta spokesperson did not specify, when asked, how many staffers had been cut from its teams working on elections. Instead, Meta said the social media giant had invested $16 billion in technology and teams since 2016 to protect its users. For years, the social media giant has invested heavily in teams of personnel to root out sophisticated and coordinated networks of fake accounts. In addition to its in-house team, Meta and other social media companies rely on tips from academics and other researchers who specialize in monitoring covert disinformation networks. The launch of Threads even as Meta trims its disinformation-focused personnel comes at a turbulent and transformative time for those tasked with writing and implementing rules on social media platforms.
Persons: Meta, , , , Darren Linvill, Elon Musk, Katie Harbath, Nick Clegg, ’ ” Harbath Organizations: CNN, Facebook, Meta, Clemson University’s, Sputnik, Elon, Twitter, YouTube, Republican, Biden, GOP, Meta Global Locations: United States, Taiwan, Ukraine, India, Myanmar, Africa, Louisiana
Washington CNN —In less than 48 hours, Meta’s Twitter rival Threads has surpassed 70 million sign-ups, upended the social media landscape and appears to have rattled Twitter enough that it is now threatening legal action against Meta. By promoting Threads through Instagram, and by sharing Instagram user data with Threads to let people instantly recreate their social networks, Meta has significantly greased the onboarding process. The issue isn’t limited to the realm of social media. Rather than viewing it through the lens of a social media market, one helpful way to look at the issue is from the perspective of the advertising market, he said. That could lead to further antitrust scrutiny for Meta even if the question about competition in social media is ambiguous.
Persons: Elon, Meta, Mark Zuckerberg, , Instagram, Musk, ” Reddit, Alexis Ohanian, Ohanian, Agustin Reyna, Reyna, Adam Mosseri, Geoffrey Manne, ” Manne, Zuckerberg, Manne, Jeff Blattner, Mosseri, Charlotte Slaiman, Organizations: Washington CNN, Meta, Twitter, EU, Google, Center for Law Locations: Europe, Brussels, Portland , Oregon, Washington
Canada's Quebecor to pull its ads from Facebook, Instagram
  + stars: | 2023-07-05 | by ( ) www.reuters.com   time to read: +1 min
July 5 (Reuters) - Telecom and media firm Quebecor (QBRb.TO) said on Wednesday it will pull its ads from Facebook and Instagram, following Meta Platforms' (META.O) decision to stop access to news on both the social media platforms in Canada over a law requiring payments to local news publishers. Google and Meta previously said they would block access to news articles in Canada if the legislation is passed. Quebecor, which also owns media outlets and newspapers, did not immediately respond to a request for comment on how much it spends on advertisements on Facebook and Instagram. Meta did not immediately respond to a request for comment. Reporting by Tiyashi Datta in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.
Persons: Meta, Tiyashi Datta, Shounak Dasgupta Organizations: Telecom, Facebook, Google, Meta, Thomson Locations: Canada, Bengaluru
New York CNN —ESPN’s Stephen A. Smith is wondering if he too might soon be out of a job. ESPN’s cuts are only the latest layoffs across several media companies, including The Athletic, National Geographic and CNN. But a person familiar with the staff reductions at the sports network told CNN that ESPN’s layoffs were unconnected with Disney (DIS)’s larger layoff plans. Aside from those mentioned by Smith, cuts included “College GameDay” analyst LaPhonso Ellis and NFL sideline reporter Suzy Kolber. Smith also briefly touched on the issue of race in his discussion about feeling uncomfortable about his job security.
Persons: New York CNN — ESPN’s Stephen A, Smith, , , Jalen Rose, Jeff Van Gundy, Keyshawn Johnson —, ” Smith, , ESPN’s, LaPhonso Ellis, Suzy Kolber, “ Don’t, “ I’ve Organizations: New, New York CNN, The Athletic, National Geographic, CNN, ESPN, Disney, , GameDay, NFL Locations: New York
Mission Impossible: Paramount reckoning
  + stars: | 2023-07-05 | by ( Jennifer Saba | ) www.reuters.com   time to read: +8 min
NEW YORK, July 5 (Reuters Breakingviews) - Paramount Global’s (PARA.O) predicament is worthy of its successful “Mission: Impossible” franchise. Over the past year or so, Warren Buffett’s Berkshire Hathaway (BRKa.N) has bought and increased its stake in Paramount to about 15%. Without the funding, her closely held firm might have needed to pledge more of its Paramount stock against a loan. Streaming service Paramount+ is similar to Netflix, whose enterprise is worth 5 times next year’s estimated revenue. “Mission: Impossible Dead Reckoning Part One,” from Paramount Pictures, opens in movie theaters on July 12.
Persons: Shari Redstone, Looney, Walt Disney, Sumner, Warren Buffett’s Berkshire Hathaway, Goldman Sachs, Byron Trott, Rudolph Valentino, Mae West, Marx, Trustbusters, Martin Davis, Sumner Redstone, Simon, Schuster, Walt, Jeffrey Goldfarb, Sharon Lam, Streisand Neto Organizations: YORK, Reuters, Paramount, Warner Bros Discovery, AT, Netflix, Apple, Comcast, Electronic Arts, MSD Partners, Viacom, Audio Communications, CBS, Nickelodeon, MTV, Time Warner, Reuters Graphics Reuters, Tiffany Network, National Football League, Fox, Amazon, MGM, U.S, Penguin Random, Walt Disney, Amusements, Paramount Global, BDT Capital Partners, , Paramount Pictures, Thomson Locations: U.S, Gulf, Western, NAI
The government is finalizing rules that require the platforms to share some advertising revenue when the law is implemented by the end of this year. The government still sees a path forward to resolving the quarrel and is open to discussions with the platforms, Rodriguez, who introduced the legislation, told reporters in Ottawa. The decision to suspend government ads will cost Facebook and Instagram about C$10 million per year, he said. The outcome of the Canada's tussle with internet giants can set the tone for other governments trying to regulate internet companies. ($1 = 1.3285 Canadian dollars)Reporting by Ismail Shakil in Ottawa, Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.
Persons: Pablo Rodriguez, Bill C, Justin Trudeau, Rodriguez, we've, Meta, Elizabeth Warren, Ismail Shakil, Nick Zieminski Organizations: OTTAWA, Canadian, Facebook, Heritage, Google, Liberal, Democratic U.S, Canada, Big, Cogeco, Thomson Locations: Canada, Montérégie, Quebec, Ottawa, United States, Canadian
REUTERS/Paresh Dave/File PhotoOTTAWA, June 29 (Reuters) - Google said on Thursday it plans to block Canadian news on its platform in Canada, joining Facebook in escalating a campaign against a new law requiring payments to local news publishers. Alphabet-owned (GOOGL.O) Google will remove links to Canadian news from search results and other products in Canada when the law takes effect in about six months. Google will also end a voluntary news program in Canada operated under agreements with 150 news publications across the country. The law forces online platforms to negotiate with news publishers and pay for their content. A similar law passed in Australia in 2021 prompted threats from Google and Facebook to curtail their services.
Persons: Paresh Dave, Bill C, Pablo Rodriguez, Justin Trudeau, Rodriguez, Kent Walker, Walker, Ismail Shakil, Steve Scherer, Richard Chang Organizations: Google, REUTERS, OTTAWA, Facebook, Meta, Inc, Heritage, Thomson Locations: New York City , New York, U.S, Canada, Australia, Europe, Ottawa
National Geographic Lays Off More Writers
  + stars: | 2023-06-29 | by ( Jesus Jiménez | ) www.nytimes.com   time to read: +1 min
National Geographic, the science and nature magazine that for more than a century has sent its writers and photographers to explore and document some of the most remote corners of the Earth, shed more writers and other staff members this week in a round of layoffs that had been announced in April. The round of layoffs is the second at Washington-based magazine in the last year, after a number of top editors were laid off in September, and comes during a tumultuous time for the media industry as several news outlets have decreased head counts, including Buzzfeed, Los Angeles Times, Vox Media and The Washington Post. The company that manages the publication, National Geographic Partners, said in a statement on Thursday that National Geographic “will continue to publish a monthly magazine that is dedicated to exceptional multiplatform storytelling with cultural impact.”“Staffing changes will not change our ability to do this work, but rather give us more flexibility to tell different stories and meet our audiences where they are across our many platforms,” the company said, without specifying the number of people being laid off. “Any insinuation that the recent changes will negatively impact the magazine, or the quality of our storytelling, is simply incorrect.”
Organizations: Geographic, Los Angeles Times, Vox Media, The Washington Post, National Geographic Partners Locations: Washington
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