Consumer Media and Publishing
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Draft regulations for Canada’s Online News Act were released last week. Meta qualifies for an exemption if they pay $60M.
Disney+ purges content, Visa and Mastercard are about to make unpopular changes, and PepsiCo plans to invest $175M in Instacart.
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Associated Press published generative AI standards, prohibiting the use of generative AI for articles or images.
TweetDeck is becoming a paid service, Disney wants to crack down on password sharing, ESPN makes $2B deal on sports gambling.
Gannett, the largest newspaper chain in the US, reported mixed results for Q2 but is optimistic about the balance of 2023.
At the end of Q2 2023, The New York Times Company has 9.88M total subscribers, including 9.19M digital-only subscribers.
The Guardian updates its editorial code, Sen. Elizabeth Warren was a new agency to oversee Big Tech, and social media is out of fresh ideas.
Meta is removing access to news on Facebook and Instagram in Canada as a result of the Online News Act.
Hearst lays off 41 union employees, Peacock raises prices and AP partners with OpenAI.
