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IAC’s Dotdash has closed its deal with Meredith, making the combined Dotdash Meredith the largest U.S. print and digital publisher.
Lee Enterprises rejects hedge fund Alden Global Capital’s attempt to nominate directors to the board.
The UK’s CMA has directed Facebook to sell GIPHY due to antitrust concerns. Facebook refutes the claims.
Butter raises $7M to help subscription companies lower involuntary churn; PlantX launches new subscription service; The Athletic continues search for a buyer.
Five major textbook publishers are suing Shopify for allegedly violating copyright laws by selling PDFs of textbooks without authorization.
The Seattle Times has launched a Save the Free Press site to raise awareness of the need to support local journalism and save it from
Jack Dorsey announced he is resigning as CEO of Twitter effectively immediately. He’ll remain on the board until May.
Hedge fund Alden Global Capital has made an unsolicited cash offer to buy Lee Enterprises.
Literati wants creators to launch book clubs, Recurly on pace to hit $10B in payments volume, Nokia to launch cloud-based SaaS.
Substack hits 1M paid subscriptions, Tripadvisor finds and removes 1M fraudulent reviews, The Economist auctions ‘Rabbit Hole’ NFT for 422K
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