Google violated federal antitrust laws to create a dominant grip over the Internet search market, a federal judge said in a landmark ruling Monday that could have far-reaching implications for the future of the Internet. Judge Amit Mehta sided with the Justice Department, which argued during last year’s landmark trial …
Read More »Axios Cuts Roughly 50 Positions Amid Media Landscape ‘Change’: ‘Painful But Necessary’
News site Axios is cutting roughly 50 jobs amid volatility in the media landscape, Axios co-founder and chief executive Jim VandeHei said Tuesday. Axios’ CEO cited the need to make “difficult changes” to adapt to climate change in a memo to staff. “We are making some difficult changes to quickly …
Read More »Elon Musk’s X is reportedly closing its San Francisco office
Elon Musk reportedly plans to quit X’s San Francisco office — weeks after announcing he would move the social media company’s headquarters to Texas in his clash with California Gov. Gavin Newsom over the state’s controversial new law on gender identity of students. In a staff memo Monday, X CEO …
Read More »Disney may have to pay $5 billion more for Comcast’s Hulu stake to settle the dispute
Walt Disney said Wednesday it may have to pay up to $5 billion more to buy Comcast’s minority stake in Hulu if an appraiser agreed with Comcast’s assessment that the stake should be valued at more than $40 billion. . Earlier this year, Disney and Comcast hired investment bank RBC …
Read More »Elon Musk’s X files antitrust lawsuit against secret advertising cartel for allegedly coordinating ‘illegal boycott’
Elon Musk’s X filed an antitrust lawsuit Tuesday against a left-leaning advertising cartel and several member companies, alleging the group targeted the social media site with an illegal ad boycott. In an open letter to advertisers at X, CEO Linda Yaccarino said the lawsuit targets the Global Alliance for Responsible …
Read More »Warner Bros. Discovery cuts value of TV assets by $9 billion: ‘the final nail in the coffin’
Warner Bros. Discovery said on Wednesday it wrote down the value of its television assets due to uncertainty over fees from cable and satellite distributors and sports rights renewals, sending its shares down nearly 10% in extended trading. The film and entertainment studio, which owns sports network TNT and streaming …
Read More »Microsoft blames Delta Airlines for failing to recover quickly after global outage – here’s why
Microsoft blamed Delta Air Lines on Tuesday for its day-long struggle to recover from a global cyber outage that caused it to cancel more than 6,000 flights. A software update last month from global cyber security firm CrowdStrike caused system problems for Microsoft customers, including many airlines. But disruptions eased …
Read More »Three OpenAI executives leave firm, go on leave in latest shakeup
A trio of top OpenAI executives have left their positions in the latest leadership shakeup at CEO Sam Altman’s firm. Greg Brockman, the president of OpenAI and one of its 11 co-founders, revealed that he will be taking an extended leave of absence until the end of the year. “I’m …
Read More »Megyn Kelly slams ‘Tampon Tim’ Walz for his ‘radical’ trans policies: ‘He’s another Gavin Newsom’
Megyn Kelly slammed Minnesota Gov. Tim Walz as the “most radical” choice for 2024 vice-presidential running mate Kamala Harris — mocking him as “Tim Tampon” for offering free period products to boys. “I’ve been thinking about Walz since yesterday. He’s the most radical they could find on the trans issue,” …
Read More »CNN’s “Reliable Sources” reporter Oliver Darcy leaves the network in shocking fashion
CNN “Reliable Sources” writer Oliver Darcy surprisingly left the struggling cable network Thursday, saying he plans to launch a rival media newsletter. Darcy, 33, who has often criticized his network, had written “Reliable Sources” since CNN fired former newspaper writer Brian Stelter in 2022. Darcy said his subscription-based newsletter, Status, …
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