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X CEO Linda Yaccarino says that “after two incredible years, I've decided to step down”; X hired Yaccarino in 2023 after running NBCUniversal's ad business — X CEO Linda Yaccarino said Wednesday she is stepping down from her role. … - Under her leadership …
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Sources: Linda Yaccarino had discussed her plans to leave with X employees earlier this week, before Grok's antisemitic posts — Linda Yaccarino, whom Elon Musk hired to run X in 2023, grappled with the challenges the company faced after Mr. Musk took over.
Discussion:
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An interview with Judd Legum about his Substack Popular Information, which has three reporting staff and 20K+ paying subs, with an estimated $1M+ annual revenue — Judd Legum, who runs one of the top US politics paid newsletters, says his journalism and much of what appears on Substack …
Discussion:
@simonowens and The Warning with Steve Schmidt

MasterChef production company Banijay fires host Gregg Wallace after an inquiry into alleged misconduct; 50+ people told the BBC about allegations about Wallace — Gregg Wallace has been sacked as MasterChef presenter as a result of an inquiry into alleged misconduct, BBC News understands.

Investor letter: US newsroom-cum-hedge fund Hunterbrook Global is valued at $100M after new funding, which a source says will go toward expanding its newsroom — Novel investment firm that trades off its reporters' scoops raises fresh capital and plans move into litigation

A look at celebrity impersonation scams and the steps taken by Hollywood to combat them, including a likeness management tool CAA is developing with YouTube — Victims think they're talking to Keanu Reeves. Or Kevin Costner. Then come the pleas for cash.
Discussion:
Dexerto, NextDraft, @davidblue.bsky.social, @akelacooper.bsky.social and Oh No They Didn't!

A look at The Examination, a nonprofit investigative news outlet with ~20 staffers launched in 2023 that focuses on Big Food, tobacco, pollution, and drugs — Ben Hallman and his team of almost 20 are taking on four of the biggest global industries, one health investigation at a time
Discussion:
Sasha Chavkin on LinkedIn

A look at Yahoo Creators, launched in March 2024, offering creators a 50/50 ad revenue split for posting original written content, with 135 creators signed up — As Yahoo's creator program matures, the company is increasingly evolving from a publisher into a creator platform in its own right.
Discussion:
Simon Owens's Media Newsletter, Time and Kat Downs Mulder on LinkedIn

France's antitrust regulator has notified Meta of a potential antitrust violation, accusing it of abusing its dominant position in the online ad sector — France's antitrust regulator said it notified Meta Platforms Inc. of a potential violation of competition rules relating to the online advertising sector.
Discussion:
Cryptopolitan, Reuters, Autorité de la concurrence and Indicator
Ben Mullin / @benmullin:
In an email to WaPo staff, Will Lewis asks those who do not feel aligned with the paper's “significant reinvention” to consider taking buyouts — Will Lewis emails the Washington Post staff, encouraging those who “do not feel aligned” with the company's future plans to consider the buyout offer. [image]
Discussion:
The Wrap

YouTube is updating its monetization guidelines on July 15, defining “inauthentic” content as “mass-produced and repetitious” amid concerns over AI slop — YouTube is preparing to update its policies to crack down on creators' ability to generate revenue from …

Sources: Apple is in talks to acquire the US streaming rights for Formula 1, following the success of F1 the Movie, which has generated ~$300M at the box office — iPhone-maker is challenging Disney's ESPN to screen car series — Apple is in talks to acquire the US rights to screen Formula 1 …
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