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☆ 10 Things in Tech: Airbnb's Montana smackdown, Microsoft whining, Salesforce worrying, and Reddit rage
▼ + stars: | 2023-06-26 | by ( Alistair Barr | ) www.businessinsider.com time to read: +5 min

I'm Insider's global tech editor Alistair Barr, and I've been missing people a lot lately. Airbnb Montana smackdown: Life in the town of Bozeman is harder thanks to short-term rentals. That sparked a boom in Airbnb and Vrbo properties in the town, causing rents and property prices to surge. They are concerned about retaining talented colleagues, their future at Salesforce, and how leadership decisions adhere to the company's core values. Submit your nomination for Insider's 5th annual list recognizing first-time and newly named top marketers at consumer brands.

Persons: Alistair Barr, I've, I'd, we're, let's, Brian Chesky Mike Segar, Airbnb Montana, Dan Latu, Justin Sullivan, Read, Nassim Taleb, SoftBank, it's, that's, Bowties, India Narendra Modi, Mark Zuckerberg, Elon Musk, Kevin Dietsch, Dana White, Lisa Ryan, Jack Sommers Organizations: Bozeman Tenants United, Getty, Microsoft, Silicon Valley titans, White House, UFC, Insider's Locations: Bozeman, Airbnb, Seattle, Washington, Salesforce, Silicon, India, China, Silicon Valley, New York, London

☆ Legacy media companies enter dark times as failures mount and Netflix rises again
▼ + stars: | 2023-06-25 | by ( Alex Sherman | ) www.cnbc.com time to read: +4 min

Stock Chart Icon Stock chart icon Netflix vs the S&P 500 over the past five months. Stock Chart Icon Stock chart icon Disney vs. the S&P 500 over the past five months. Stock Chart Icon Stock chart icon Warner Bros. Stock Chart Icon Stock chart icon Paramount Global vs the S&P 500 over the past five months. Stock Chart Icon Stock chart icon Comcast vs the S&P 500 over the past five months.

Persons: Bob Iger, David Zaslav, Bob Bakish, Wells Fargo, Warren Buffett, It's, dethroning, Donald Trump's, Mario, Zaslav, Greenfield, there's, There's, Simon & Schuster, Mark Read Organizations: Walt Disney Company, Warner Bros, Paramount Global, Getty, Companies, Netflix, Disney, Warner Bros . Discovery, Paramount, CNBC, Fox Corp, Comcast, MSNBC, dethroning Fox, Mario Bros, Boston University, Hollywood, Activision, Simon &, WPP, Cannes Lions Locations: Cannes, France

☆ Here’s what we know about Meta’s planned Twitter competitor that has Elon Musk upset
▼ + stars: | 2023-06-22 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Meta Platforms CEO Mark Zuckerberg speaks about the Facebook News feature at the Paley Center For Media in New York on Oct. 25, 2019. For months, Meta has been working on a Twitter-like, text-based social media network that would compete with Twitter and the bevy of clone apps that have gained prominence since Elon Musk took Twitter private in 2022. News of the plans have inspired a public spat between Musk and Meta CEO Mark Zuckerberg, culminating in a joking challenge to engage in a physical "cage match" fight in Las Vegas. But given deep cuts to trust and safety teams at Meta and throughout the social media industry, content moderation may prove to be a challenge. Many advertisers fled Twitter after controversial content surged in the wake of Musk's acquisition.

Persons: Mark Zuckerberg, Meta, Elon Musk, Here's what's Organizations: Facebook, Paley Center For Media, Twitter, Elon, CNBC, Meta Locations: New York, Las Vegas

☆ Facebook to end news access in Canada over incoming law on paying publishers
▼ + stars: | 2023-06-22 | by ( ) edition.cnn.com time to read: +3 min

CNN —Meta Platforms Inc plans to end access to news on Facebook and Instagram for all users in Canada once a parliament-approved legislation requiring internet giants to pay news publishers comes into effect, the company said on Thursday. “Today, we are confirming that news availability will be ended on Facebook and Instagram for all users in Canada prior to the Online News Act taking effect,” Meta said in a statement. Earlier this month, Prime Minister Justin Trudeau said Meta and Google were using “bullying tactics” as they campaign against the legislation. Google and Facebook had also threatened to curtail their services in Australia when similar rules were passed into law. The heritage ministry has had meetings with Facebook and Google this week, and it looks forward to further discussions, a government spokesperson said.

Persons: ” Meta, ”, Justin Trudeau, Meta, Pablo Rodriguez, ” Rodriguez, Danielle Coffey, “, ” Coffey Organizations: CNN, Inc, Facebook, “, Google, Heritage, News Media Alliance, Big Tech Locations: Canada, Australia, Europe, United States

☆ How to tell your company has layoffs planned. Some signs ‘will send shivers down your spine,’ career expert says
▼ + stars: | 2023-06-20 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Amazon, Dropbox and Lyft had the biggest layoffs in the tech industry for April. Google and Meta Platforms are responsible for the most tech layoffs since the pandemic, according to Layoffs.fyi. Look at WARN notices in your stateSo-called WARN notices can help workers figure out if layoffs are coming, Vivian Tu, a former trader turned influencer who goes by "Your Rich BFF," said in a March Instagram video. However, sometimes companies can avoid releasing these notices by spreading out the layoffs, said Susan Houseman, director of research for the W.E. "So maybe you're going to lay off 75, say you lay off 40 one month and 26 the next to avoid WARN notice," she said.

Persons: Daniel Grill, —, José Fernández, Lyft, Vivian Tu, influencer, BFF, Susan Houseman, Houseman Organizations: Challenger, Retailers, University of Louisville, Google, Worker, . Upjohn Institute, Employment Research

☆ South Asian College Students Are Fake Marrying for the Vibes
▼ + stars: | 2023-06-17 | by ( Sakeina Syed | ) www.nytimes.com time to read: +2 min

The wedding drew students from India, Pakistan, Nepal and other South Asian regions, as well as those who are not South Asian. Mock wedding events have existed in various forms for decades. In Canada, a musical group called Betta Boyz hosted a large mock Nigerian wedding at a Calgary banquet hall in July 2022. Bollywood films, reality television shows like “Indian Matchmaking” and magazine spreads featuring “ultrarich weddings” all contribute to wedding-related fervor. “There is this entire media industry around images of glamorous, luxurious, extravagant, highly indulgent weddings,” she said.

Persons: Sumayyah Muhit, ”, Ms, Muhit, Rijuta Mehta Organizations: Bengali, New York Institute of Technology, Lahore University of Management Sciences, Twitter, University of Toronto Locations: India, Pakistan, Nepal, Sylhet, Bangladesh, Asia, Canada, Calgary, South Asia

Then, a deep dive into MrBeast and what his YouTube empire says about the future of the internet. Reddit came along and said, oh, we need to protect Reddit from the rise of these large language models. So I don’t think they’re totally out of the woods. But I don’t think people would say it was a golden age for how safe the platforms fell to use. But I want to challenge you on this, because I don’t necessarily think that it’s a bad thing if we have past peak trust and safety.

Persons: kevin roose, you’ve, casey newton, casey newton Yes, I’ve, there’s, kevin roose I’m, Kevin Roose, ” casey newton, Casey Newton, Casey, Reddit, casey newton Right, roose, Steve Huffman, you’re, Kevin, It’s, They’re, casey newton Well, they’ve, we’re, Huffman, “, Redditors, We’ve, Everyone’s, we’ve, I’m, let’s, Sam Walton, Max, kevin roose Hey, kevin roose Oh, kevin roose Max Read, MrBeast, it’s, Jimmy Donaldson, He’s, Willy Wonka, he’s, somethings, haven’t, kevin roose We’ll, We’ll, kevin roose She’s, she’s, kevin roose MrBeast, Jeremiah, jeremiah howard, Jeremiah Howard who’s, Jimmy, Burger, You’re, Stefan Molyneux, PewDiePie, Paul, Let’s, Raman, kevin roose It’s, MrBeast financials, doesn’t, Logan Paul, they’re, Vincent Miller, Jon Hamm’s, Matthew Weiner’s, kevin roose Max, Will, Max Read, ” kevin roose, casey newton Max, Robert F Kennedy, COVID, Kennedy, Instagram, Connor Roy, Marjorie Taylor Greene, Robert F Kennedy Jr, Elon, Donald Trump, We’re, Jim Jordan, kevin roose Totally, Alex Jones, casey newton Totally, Kate Kalanick, Trump, Tucker Carlson, aren’t, — casey newton, hasn’t, Rachel Cohn, Jen Poyante, Caitlin Love, Alyssa Moxley, Dan Powell, Elisheba Ittoop, Marion Lozano, Sofia Lanman, Rowan Niemisto, Paula Szuchman, Tam, Nell Gallogly, Kate LoPresi, Jeffrey Miranda Organizations: The New York Times, Twitter, YouTube, Lamborghini, Netflix, Walmart, News, Producers, Meta, Instagram, COVID, Democratic, Washington Post, Apple, Republicans, Facebook, 4chan, Republican Party, Trump, Fox News, Stanford, Davis Locations: Hawaii, Reddit, Greenville , North Carolina, hysterics, New Jersey, New York, Greenville, North Carolina, Central, United States, Bay, San Francisco, Stanford

☆ Canada's Bell deepens news industry gloom with 1,300 job cuts
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +2 min

The layoffs will mostly affect management and follow thousands of cuts in the media industry that has been wrestling with dwindling ad dollars, elevated levels of inflation and the ongoing shift from cable TV to streaming. The company expects Bell Canada's legacy phone revenue to decline by $250 million each year, while the news operation posts annual operating losses of $40 million. "Our industry is experiencing a major disruption," said senior executive Wade Oosterman in an internal memo seen by Reuters. The Canadian telecom industry has over recent years come under pressure from the government to bring down phone bills in a concentrated market. Affected employees will be informed this week, Bell said, adding that vacant positions were eliminated to minimize the impact on teams.

Persons: Bell, Wade Oosterman, Chrystia Freeland, Samrhitha Arunasalam, Aditya Soni, Shilpi Majumdar, Shinjini Organizations: Bell, Inc, Reuters, Google, Facebook, U.S, CTV, Canadian Finance, Canada, Thomson Locations: Canadian, London, Los Angeles, Washington, Ottawa, Bengaluru

☆ Washington Post publisher, CEO Fred Ryan to depart after overseeing growth under Jeff Bezos
▼ + stars: | 2023-06-12 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +7 min

From left, Washington Post Publisher Fred Ryan, Executive Editor Marty Baron, and National Security Editor Peter Finn, applaud as investigative reporter Tom Hamburger speaks to the newsroom after The Washington Post wins two pulitzer prizes, Monday, April 16, 2018, in Washington. Washington Post publisher and CEO Fred Ryan announced on Monday that he will step down from the helm of the newspaper in August. In a statement, the Washington Post said that it saw multiple years of profitability and a dramatic jump in digital subscriptions under Ryan. Read Fred Ryan's memo to employees here:Subject: Message for Washington Post ColleaguesDear Washington Post Colleagues,Nine years ago, I was honored to be selected by Jeff Bezos to be Publisher and CEO of The Washington Post. Read Jeff Bezos' memo here:Subject: Message for The Washington Post TeamDear Washington Post Team,I want to express my deepest gratitude and appreciation to Fred for his dedicated service to The Washington Post as our Publisher and CEO.

Persons: Fred Ryan, Marty Baron, Peter Finn, Tom Hamburger, Ryan, Jeff Bezos, Ronald Reagan, Jeff, Bezos, Patty Stonesifer, Melinda Gates, Read Fred Ryan's, We've, we've, Fred, Read Jeff Bezos, he's, I'm, She'll, Patty, You'll Organizations: Washington Post, National Security, Washington . Washington Post, Amazon, Foundation, Melinda Gates Foundation, Microsoft, The Washington Post, Innovative Media, Fast Company, Ronald Reagan Presidential Foundation and Institute, The Washington Post Team, Washington Post Team Locations: Washington .

☆ I've lied on every job application and have a successful career because of it. If I'm asked to do a skill I've lied about, YouTube rescues me every time.
▼ + stars: | 2023-06-11 | by ( Ryan S. Gladwin | ) www.businessinsider.com time to read: +5 min

This anonymous source lied on their job application to get a start in the media industry. When applying for jobs in the media industry, I've always lied about the equipment and software that I know how to use. Before applying to jobs, I'd research what the industry-standard equipment and software were then I'd simply show, on my CV, that I know how to use them. There's such a barrier to getting into the media industry because the equipment and software are expensive. But throughout your career, you learn how to learn new equipment and software.

Persons: —, They've, I've, I'd, you've, I'm, There's, he's Organizations: YouTube, Service Locations: Europe

☆ We're a millennial couple in Singapore. It took 2 years, 17 apartment viewings, and some negotiation, but we managed to find our forever home.
▼ + stars: | 2023-06-10 | by ( Amanda Goh | ) www.businessinsider.com time to read: +5 min

After being together since 2015, Joy Oh and Eddy Kur were looking to settle down. This as-told-to essay is based on a conversation with 31-year-old Joy Oh, a digital-content producer who works in a creative agency in Singapore. Joy Oh and Eddy Kur/Ohkur HouseThat aside, we had a pretty long list of requirements for our future home. Joy Oh and Eddy Kur/Ohkur HouseAfter our down payment, we took out an HDB housing loan of SG$389,100 to finance the rest of our home. Joy Oh and Eddy Kur/Ohkur HouseWe decorated the place and signed the papers in our living room.

Persons: Joy Oh, Eddy Kur, —, Indonesia —, Eddy, Oh Organizations: Service, Board Locations: Singapore, Jakarta, Indonesia, Yishun, Khatib —

☆ What we talk about when we talk about diversity, and CNN
▼ + stars: | 2023-06-10 | by ( Trisha Gopal | ) www.businessinsider.com time to read: +7 min

This week, CNN CEO Chris Licht was fired after a scathing profile was published in the Atlantic. In the profile, Licht details his own thoughts about how diversity should be defined in the media industry. In Alberta's profile, Licht claimed to be operating under his own idea of "diversity," one that does not include "virtue signaling." "I think 'Defund the police' would've been covered differently if newsrooms were filled with people who had lived in public housing," Licht continued. The diversity Licht did seem to value was geographic diversity, which can be a coded way of saying "not from the liberal coasts."

Persons: Chris Licht, Licht, MAGA, Stephen Gutowski, Trump, Tim Alberta, Jean Carroll, Kevin McCarthy, Rick Scott, Jim Acosta's, Brian Stelter's, Warner, David Zaslav, Franklin Leonard, Washington Post's Perry Bacon Jr, John Miller, Miller, Lehman, Tara Narula, Don Lemon, Reagan, Lisa Ling, Kamau Bell, New York Mondaire Jones, Jones, Kaitlin Collins, Lemon, Poppy Harlow, Collins, Laura Coates Organizations: CNN, NRA, Atlantic, Warner Bros, Discovery, Republicans, Harvard, Insider, NYPD, Stanford, Catholic, LSU, Republican, White House, Daily, White Locations: Alberta, Washington, New York City, Baton Rouge , Louisiana, Birmingham , Alabama, Mobile , Alabama, New York, Alabama, Asia

☆ Google, Meta using 'bullying tactics' against Canada's news bill, says PM Trudeau
▼ + stars: | 2023-06-07 | by ( Ismail Shakil | ) www.reuters.com time to read: +2 min

OTTAWA, June 7 (Reuters) - Alphabet's Google (GOOGL.O) and Meta Platforms (META.O) are using "bullying tactics" against a Canadian push aimed at ensuring financial support for news publishers, Prime Minister Justin Trudeau said on Wednesday. The proposed legislation is designed to compel internet giants like Google and Meta's Facebook to negotiate commercial deals and pay publishers for their content. The U.S. firms say proposals in the bill, dubbed the "Online News Act," are unsustainable for their businesses. The legislation passed Canada's House of Commons in December and is in the unelected upper chamber of the parliament, which rarely blocks legislation cleared by the lower house. "The various internet giants like Meta are posting every year record profits while at the same time local independent news is struggling across this country," Trudeau said.

Persons: Justin Trudeau, Trudeau, Shay Purdy, Meta, Ismail Shakil, David Ljunggren, Daniel Wallis Organizations: OTTAWA, Google, Facebook, Commons, Meta, Thomson Locations: U.S, Canada, Ottawa, Australia, Europe

☆ 'That's on me': Warner Bros Discovery CEO sends email to CNN employees taking responsibility for Chris Licht disaster
▼ + stars: | 2023-06-07 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Chris Licht is leaving his position as CEO of CNN after a tumultuous year in charge. CNN's parent company, Warner Bros. Warner CEO David Zaslav told employees in an email and a morning newsroom call he was taking responsibility for Licht's mistakes. CNN is once again searching for a new top executive just over a year after departing CEO Chris Licht took the job — and David Zaslav, CEO of CNN's parent company Warner Bros. Read the full memo Zaslav sent to CNN staff that was reported by Tani here:Spokespeople for CNN and Warner Bros.

Persons: Chris Licht, David Zaslav, Licht's, Puck's Dylan Byers, Zaslav, Semafor's Max Tani, Don Lemon, Brian Stelter, Donald Trump, Licht, Jeff Zucker, Oliver Darcy, Jake Tapper, Anderson Cooper, Tani Organizations: CNN, Warner Bros, Discovery, Warner, Wall Street Journal Locations: Trump

☆ David Zaslav Picked Chris Licht to Revamp CNN. Now What?
▼ + stars: | 2023-06-07 | by ( Benjamin Mullin | ) www.nytimes.com time to read: +2 min

Through a spokesman, Mr. Zaslav declined to comment. That represents a significant departure from his previous approach: Mr. Licht was appointed by Mr. Zaslav personally, without talking to any other candidates except Mr. Licht, according to two people with knowledge of his selection. He has engineered a series of audacious mergers that have catapulted him to the highest echelons of the media industry. Discovery and CNN have been the topic of occasional speculation in the media industry as potential acquisition targets. But Mr. Zaslav told employees emphatically in a town hall last year that the company and its divisions were not for sale.

Persons: Zaslav, Licht’s, Licht Organizations: CNN, Discovery, Scripps Networks Interactive, Warner Bros . Discovery

Digital Content Next shared the principles with its board and relevant committees Monday. Digital Content Next's "Principles for Development and Governance of Generative AI": Developers and deployers of GAI must respect creators' rights to their content. The urgency behind building a system of rules and standards for generative AI is intense, said Jason Kint, CEO of Digital Content Next. How generative AI will unfold in the coming months and years is dominating media conversation, said Axios CEO Jim VandeHei. "Even with AI tools or generative AI models that work in text like ChatGPT, it doesn't change the fact we're already doing this work," said Looft.

Persons: Andrew Burton, Robert Frost, Vincent Van Gogh, Google's Bard, GAI, Jason Kint, I've, Kint, We've, Jim VandeHei, VandeHei, Barry Diller, Robert Thomson, Thomson, Diller, Chris Berend, Pope Francis, Chris Looft, Berend Organizations: New York Times, Getty, NBC, The Washington Post, Street, News Corp, Development, ., A.I, Digital, Facebook, Nasdaq, Market, Big Tech, International News Media, News Media, NBC News Group, Pentagon, Bloomberg, Axios Technology, Google, Disney, ABC, NBC News, CNBC Locations: New York City, New York, Washington ,

☆ CNN CEO Chris Licht apologizes to staff over disastrous Atlantic magazine profile: 'I should not be in the news unless it's taking arrows for you'
▼ + stars: | 2023-06-05 | by ( Taylor Berman | ) www.businessinsider.com time to read: +3 min

CNN CEO Chris Licht has apologized to his staff over a disastrous profile published by The Atlantic on Friday. Three days after The Atlantic published a bombshell profile about him, CNN CEO Chris Licht has apologized to his staff in an editorial call. The Atlantic profile, written by Tim Alberta, described Licht as aloof from staff, in contrast to his well-liked predecessor Jeff Zucker. Puck's Dylan Byers reports Licht told staffers on the call that he will move his office back to the newsroom. Insiders at CNN have also shared their theories on how the article became such an spectacular and ill-timed mess for Licht and CNN.

Persons: Chris Licht, Licht, Brian Stelter, Jake Tapper, Nikki Haley, I've, Tim Alberta, Jeff Zucker, Trump ., Puck's Dylan Byers Organizations: CNN, The Atlantic, Morning, GOP, Trump, CNN's New Locations: Alberta, CNN's, CNN's New York City

☆ Embattled CNN chief apologizes to staff after embarrassing profile, vows to ‘fight like hell’ to win back trust
▼ + stars: | 2023-06-05 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

CNN —Chris Licht started CNN’s daily network editorial meeting on Monday by directly addressing the elephant in the room. “I want to say that I’ve spent the weekend doing a lot of thinking,” Licht told staffers, many of whom had dialed into the meeting specifically to hear from their embattled chief executive. Employees had not heard from Licht since The Atlantic’s Tim Alberta on Friday published a blistering 15,000-word profile on him. He said that he would “fight like hell” to win over the trust of the 3,500-person news organization he leads. In the immediate future, I’m told, Leavy is counseling Licht and CNN leadership’s primary goal is to stabilize the ship.

Persons: Chris Licht, I’ve, ” Licht, Licht, Tim Alberta, Donald Trump, ”, They’ve, David Leavy, David Zaslav, Zaslav, I’m, wouldn’t, WBD, Leavy Organizations: CNN, Employees, Hudson, Warner Bros, “, North Star

☆ Disney CEO Bob Iger finally announced some good news after months of cuts and layoffs: a partnership with Apple on its new Vision Pro headset
▼ + stars: | 2023-06-05 | by ( Nathan Mcalone | ) www.businessinsider.com time to read: +3 min

Disney CEO Bob Iger announced a partnership with Apple on its futuristic new headset. Vision Pro was unveiled on Monday and Disney+ content will be available on it from day one. "We believe Apple Vision Pro is a revolutionary platform that can make our vision a reality." "The Mandalorian" footage in the Vision Pro demo. Still, if the Vision Pro is a "revolutionary platform," as Iger predicted Monday, Disney will be right there to reap the rewards.

Persons: Bob Iger, We're, Iger, he'd, Apple, Bob Chapek, Mike White, Ron DeSantis Organizations: Disney, Apple, Morning, Mouse, Monday's Worldwide, Vision, Hulu, Marvel, Pixar, Star Locations: Florida

☆ Jeff Zucker reportedly compared his firing from CNN to a gunshot wound: 'I gave them a gun, and they shot me with it'
▼ + stars: | 2023-06-04 | by ( Alison Brower | ) www.businessinsider.com time to read: +5 min

Jeff Zucker compared his firing from CNN to a gunshot wound, according to a New York Times report. Jeff Zucker compared his firing from CNN to a gunshot wound, according to a New York Times report — in part a self-inflicted one. "I gave them a gun, and they shot me with it," Zucker reportedly said. Zucker was an immensely popular leader at CNN, and his firing was a staggering shock to its newsroom and the media industry. Licht and Zucker met a few months after Zucker's firing, over a lunch in the Hamptons arranged by other media stakeholders, the Times reported.

Persons: Jeff Zucker, Zucker, Chris Licht, Allison Gollust, Tim Alberta, Gollust, Andrew Cuomo, Risa Heller, Heller, Zucker's, David Zaslav, Laurene Powell Jobs, Emerson, WBD, Licht, Don Lemon, Donald Trump, Zaslav, David Leavy Organizations: CNN, New York Times, Yale University, Times, Atlantic, WarnerMedia, Warner Bros, Discovery, Hamptons Locations: WarnerMedia, New York

☆ Former CNN boss Jeff Zucker's $1 billion venture is reportedly considering a big investment in former Vanity Fair editor Graydon Carter's media startup Air Mail
▼ + stars: | 2023-06-04 | by ( Alison Brower | ) www.businessinsider.com time to read: +3 min

Zucker's firm, RedBird IMI, is reportedly one of three investors circling a majority stake in Air Mail. Jeff Zucker's media venture, RedBird IMI, is exploring a majority stake in Graydon Carter's startup Air Mail, The New York Times reported. It is one of three investors circling Air Mail, according to the Times. Carter, who spent 25 years leading Condé Nast's Vanity Fair, launched Air Mail — "a lively digital weekly for the world citizen," per its website — in 2019. In May 2021, as he was seeking investors for the series B, Carter told Insider he expected Air Mail to reach profitability in three years.

Persons: Jeff Zucker, Graydon Carter's, Zucker, Jeff Zucker's, Carter, Condé, Axios, RedBird, Zucker's, Chris Licht, David Zaslav, Licht, Donald Trump, Zaslav, Carter cohosted Organizations: CNN, IMI, Air Mail, Morning, RedBird IMI, The New York Times, RedBird Capital Partners, Abu, Media Investments, Air, Times, Standard Investments, TPG Growth, Warner Bros, Discovery, Cannes Film Locations: Abu Dhabi, Zaslav

☆ Former CNN Chief Jeff Zucker Has a New Job at RedBird IMI. What Is It?
▼ + stars: | 2023-06-04 | by ( Benjamin Mullin | ) www.nytimes.com time to read: +1 min

Since leaving CNN a year ago, Jeff Zucker, the network’s former president, has been on the hunt for deals, flush with $1 billion in backing from big investors in the worlds of media and finance. In addition to Mr. Zucker, the key players in the new venture, known as RedBird IMI, are Gerry Cardinale, the chief executive and founder of RedBird, and Sultan Ahmed Al Jaber, an Emirati government minister who has spearheaded many of IMI’s investment conversations in the United States. Mr. Cardinale is the chief investment officer of RedBird IMI, and Mr. Al Jaber is chairman. RedBird is committing $250 million to the venture, and IMI has agreed to commit the remaining $750 million. The men gathered to discuss business last fall in a suite overlooking a Formula 1 racetrack in Abu Dhabi.

Persons: Jeff Zucker, Zucker, Gerry Cardinale, Sultan Ahmed Al Jaber, Cardinale, Al Jaber, RedBird Organizations: CNN, RedBird Capital Partners, International Media Investments, United Arab, IMI Locations: United Arab Emirates, United States, Abu Dhabi

☆ CNN CEO Chris Licht has some thoughts on media's lack of diversity
▼ + stars: | 2023-06-02 | by ( Trisha Gopal | ) www.businessinsider.com time to read: +3 min

A recent Atlantic profile of CNN CEO Chris Licht detailed problems within the network under his leadership. In the article, Licht shared his thoughts on diversity in the media industryIn recent years, CNN has come under fire for not promoting talent of color on primetime TV. In a revealing profile published by the Atlantic on Friday, CNN's CEO Chris Licht shared his thoughts on the lack of diversity in the media industry — and why he believes media has a misguided idea of what it means to be diverse. Alberta commented that Licht sought to "recruit reporters who are deeply religious and reporters who grew up on food stamps and reporters who own guns." When pressed by Alberta to elaborate on why, Licht responded, "They have a different relationship with their need with the police."

Persons: Chris Licht, Licht, CNN's, Tim Alberta, David Zaslav, Zaslav, doesn't, Donald Trump, Kaitlan Collins, Jean Carroll, Brian Stelter, Don Lemon, Laura Coates, Coates Organizations: CNN, Morning, Atlantic, Harvard, Republicans, Warner Media Discovery, Technology, Media, Telecom Conference Locations: Alberta

☆ Tara Reade, who accused Joe Biden of sexual assault, is seeking refuge in Russia and singing Moscow's praises
▼ + stars: | 2023-05-31 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Tara Reade, the former Senate staffer who accused Joe Biden of sexual assault, is now in Russia. Reade made the announcement at a Tuesday press conference in Moscow with Sputnik, a state-owned news outlet. "It is remarkable that Joe Biden raped me when I worked for him at the US Congress, and I'm supposed to be the fugitive," Reade said. Reade claimed media investigations into her credibility were part of a smear campaignReade filed a formal criminal complaint against Biden in 2020, but her credibility soon came under intense scrutiny. He said he believed Reade was "subjected to a double standard" in the media and that her past life faced undue attention unrelated to her sexual assault claims.

Persons: Tara Reade, Joe Biden, Reade, —, Maria Butina, Butina, Vladimir Putin, Biden, Douglas Wigdor, I'm Organizations: Service, Sputnik, National Rifle Association, US, New York Times, Biden, Times, Antioch University, Politico Locations: Russia, Moscow, Russian, Ukraine, Seattle, American, Washington

In an email to staff, its president said the "rise of short-form video" has sparked new challenges. A new round of layoffs at creator startup Jellysmack shows how much short-form video apps like TikTok have disrupted the creator-advertising ecosystem in just a few years. Jellysmack initially grew its business by helping creators repurpose YouTube videos on other ad-supported platforms like Facebook and Snapchat. Last January, it announced it had set aside $500 million to buy rights to older YouTube videos with the goal of making a profit from future ad earnings. It separately runs a creator-finance division called JellyFi, a program to help celebrities become digital content creators, and a division called JellySmash Productions that helps creators make and distribute content speedily.

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