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...The Independent, the British media group, is in talks to take control of the operations of BuzzFeed and HuffPost UK, as it seeks to build scale in a tougher climate for advertising revenues....
...But NYSE has quietly carved out a niche hosting social media groups. Its pitch to encourage Reddit to choose the so-called big board included a substantial marketing package....
...Some of the most influential independent record groups — Beggars Group, the company behind Vampire Weekend and Adele; Secretly, which houses acts including Phoebe Bridgers and Bon Iver; and Partisan Records...
...Trump Media & Technology Group, the company behind his Truth Social platform, rose as high as $79.38 a share from the previous day’s price of $49.95, before closing up 16 per cent at $57.99....
...The stand-off is among the most heated clashes between tech giants and media groups in recent memory....
...The move comes after Paramount’s board spurned a bid from Apollo to buy out all of the media group’s shareholders at a valuation of between $17 and $19.50 a share, according to people briefed on the matter...
...“It touches on the economic crisis, disbelief in the nine to five . . . all of those topics that Gen Z care about,” says Shira Jeczmien, chief executive of Screenshot Media, whose 18- to 24-year-old-focused...
...The gains give the former president a windfall, on paper, of about $5.3bn for his stake in a group that reported just $3.4mn in revenues for the first nine months of 2023 and $49mn in losses....
...It is one of nine companies specialising in influencer marketing to make the list....
...One of the “big five” academic publishers alongside Elsevier, SAGE, Springer Nature and Taylor & Francis, Wiley’s research publishing division reported revenues of $659mn in the nine months to January 31...
...The evidence of harm to America’s adolescents of spending an estimated seven to nine hours a day on the internet, most of which is swallowed by social media apps, is now beyond doubt....
...But Trump’s nascent venture, Trump Media & Technology Group, has closed its Spac merger, against long odds....
...During its roadshow, Reddit said it planned to diversify its revenues, for example adding ecommerce features and selling its data to AI groups....
...Perrette said that the group was “way ahead of what we thought we’d do” in driving profits from its streaming platform. WBD will also start to crack down on password sharing among its existing users....
...He became $4.6bn richer on Tuesday, at least on paper, when his shares in its parent Trump Media & Technology Group rose sharply as it went public under the stock ticker DJT....
...The ecommerce business accounts for 38 per cent of group gross revenue. GoTo’s $599mn loss in the first nine months this year was a big improvement on 2022....
...The big music companies earn billions of dollars a year through royalty payments from streaming services and social media sites including Spotify, Apple and Meta....
...Meta and Google struck deals in 2021 to pay Australian media companies, including News Corp, newspaper publisher Nine Entertainment and a host of smaller websites, broadcasters and regional newspapers, an...
...Beyond their streaming losses, the traditional media groups are facing a weak advertising market, declining television revenues and higher production costs following the Hollywood strikes....
...It also opened proceedings against Meta over whether the group’s new “pay or consent” subscription model complied with the DMA requirement for gatekeepers to obtain user agreement to “combine or cross-use...
...Netflix has agreed a $5bn deal to screen World Wrestling Entertainment’s flagship Raw programme in the US over the next decade, in the group’s biggest foray so far into streaming live events....
...Need to know: business Novo Nordisk announced a €1bn deal for a German biotech developing therapies to treat heart disease, as the Danish group seeks to branch out from its blockbuster diabetes and weight...
...In the US, multinational tech group Oracle has been given powers to audit TikTok’s algorithm and content moderation models to ensure they are not manipulated, the company added....
...One big winner was the Newhouse family, who through Advance Magazine Publishers Inc own Condé Nast, which bought Reddit in 2006 for $10mn before spinning it out in 2011....
...The stand-off is among the most heated clashes between tech giants and media groups in recent memory, as they battle for control over the future of entertainment....
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