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...Thompson managed a similar turnaround at his previous job at The New York Times, where he helped transform a legacy newspaper into a digital-first media group....
...Other media groups are also looking at deals involving their customer data, according to industry executives....
...The shift comes as Google’s decision to kill off cookies has left media groups under pressure to boost their “first-party data” — provided by readers such as through preferences — to offer to advertisers...
...Trading volume for TMTG, which last month merged with Digital World Acquisition Corp, was double its 20-day average early on Friday, according to Bloomberg data....
...Younger buyers are also leading the resurgence in vinyl and cassette tapes, having missed them the first time round....
...The EU has launched probes into Apple, Alphabet and Meta in the first use of a landmark new law designed to rein in Big Tech’s market power....
...Overall, the digital ads market will grow 9.2 per cent this year to $617bn, according to GroupM, the media agency....
...The latest move by Number 10 comes after Conservative peer Baroness Tina Stowell introduced an amendment to the digital markets bill, which is currently going through parliament, to give the government powers...
...The EU this morning announced investigations into Apple, Alphabet and Meta in the first applications of its landmark Digital Markets Act....
...It has emphasised its technology prowess in building a digital-first bank. While it has a credit card loan book of $137bn, it also has issued a significant volume of auto and commercial loans....
...The first-quarter dividend of 20 cents a share is worth almost $2.5bn....
...The answer is to witness first hand how mistakes are made and how they can be avoided. Jason Koebler and his three co-founders of 404 Media met while working at Vice....
...They also acquired companies in areas such as digital advertising, mobile operation systems, social media and so on, to ring fence more and more of the online territory and keep users on the platform....
...Unsurprisingly, the company’s media spend now skews heavily towards digital....
...Reach said the fall in referral traffic would also hit its first-quarter results, but it expected “growing momentum across our digital business”. Revenue fell more than 5 per cent to £568.6mn....
...The company said it generated strong engagement in the first quarter from subscribers in the UK with Fool Me Once, which had 98mn views....
...The New York Times first reported the talks between Sony and Apollo....
...WallStreetBets user optimal_burrito replied to someone who posted that buying Trump Media was their first winning trade with the message: “You’re gonna start winning so much you’ll get sick of it #DJT.”...
...Revenue still comes from the company’s digital advertising business with a small sideline in VR headsets....
...Shares in Digital World Acquisition Corporation, the special purpose acquisition company with which TMTG first announced merger plans in late 2021, fell 13.7 per cent after Friday’s announcement....
...In investment terms, the valuation of his social media company is ludicrous: a platform that lost $49mn on $3.4mn of revenues in the first nine months of last year is not worth billions....
...The Australian agreement was the first between the global technology industry and media companies in the world....
...The DMA, by contrast, has taken on the entirety of some of the most prominent digital services in use today. In Silicon Valley, this has been met with deep apprehension....
...The structure of the deal would involve Skydance first buying NAI and later merging with Paramount*....
...Shares in Donald Trump’s social media business jumped in their New York market debut on Tuesday, making the former US president’s stake worth $4.6bn....
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