In news rocking the publishing world, two of the largest newspaper chains in the U.S. have drastically downsized their contracts with the Associated Press, eliminating AP journalism from their combined 230 news outlets, including Gannett’s USA Today and McClatchy’s The Miami Herald. Though neither chain disclosed how much the move will save, the AP assesses “it is likely to be in the millions of dollars” for each. Gannett announced it has chosen another newswire partner, Reuters, and says it will continue to subscribe to the AP Stylebook and election results data. AP says its Gannett contract runs through the end of 2024. Continue reading Gannett, McClatchy Cancel Associated Press News Contracts

Reddit is moving ahead with its IPO and plans to raise between $682 million and $748 million on a fully diluted valuation of between $5.8 billion and $6.4 billion. Although no date has been announced, the IPO is expected to take place sometime this month. According to a Securities and Exchange Commission filing Monday, Reddit says it will offer 22 million 15.3 million Class A common shares and 6.7 million insider shares from investors including CEO Steve Huffman and COO Jen Wong. Pricing will be between $31 and $34 per share. The proposed market cap is $4.9 billion to $5.4 billion. Continue reading Reddit Hopes to Raise $748M in IPO Aimed at $6.4B Valuation

Community message board and social news aggregator Reddit, founded in 2005, has filed to go public on the New York Stock Exchange in an IPO observers say may be complete in a matter of weeks. It is the first social media company to go public in many years, with Snap Inc.’s 2017 offering cited as the most recent stock market splash. Reddit’s bankers are reportedly seeking a $5 billion valuation, about half the $10 billion it was valued at for a 2021 private funding round. Reddit filed with the SEC the same day it announced an “expanded partnership” with Google to use Vertex AI. Continue reading Reddit Announces IPO on Heels of Expanded Deal with Google

News site Semafor has teamed with Microsoft to create a new breaking news product called Signals it says is a template for “the newsroom of the future.” Using AI tools from Microsoft and OpenAI to assist its journalists, the multi-source Signals will offer “perspectives and insights on the biggest stories in the world as they develop,” Semafor says. Microsoft simultaneously announced deals with the Craig Newmark Graduate School of Journalism at CUNY and the Online News Association. “In a year where billions of people will vote in democratic elections worldwide, journalism is critical to creating healthy information ecosystems,” Microsoft says. Continue reading Semafor Teams with Microsoft on AI-Driven Newsfeed Signals

To the appreciation, if not delight, of sports fans, Google is allowing YouTube TV subscribers to exercise more choice in what games to watch in their multiview windows. YouTube TV offers the option of watching up to four different sporting or news events simultaneously on a single screen. However, it doesn’t allow endless free choice, but presents combination options. Users complained and Google responded by serving up more multiview combinations to choose from, but stopped short of generating customizable multiplex streaming feeds for each user. Continue reading YouTube TV Expands NBA League Pass Choices in Multiview

More U.S. adults say they regularly get news from TikTok, according to a Pew Research study that says this bucks the general trend of news consumption declining or remaining flat at other social media sites over the past few years. Since 2020, regular TikTok news consumption among American adults has more than quadrupled to 14 percent, from 3 percent, Pew finds. Among younger adults, news consumption is even higher, with 32 percent of those ages 18 to 29 claiming to regularly get news on TikTok. This compares with 15 percent of those 30 to 49. Continue reading TikTok on the Rise as News Source, Facebook and X Decline

CBS is launching a unit charged with identifying misinformation and avoiding deepfakes. Called CBS News Confirmed, it will operate out of the news-and-stations division, ferreting out false information generated by artificial intelligence. Claudia Milne, senior VP of CBS News and Stations and its standards and practices chief will run the new group with Ross Dagan, EVP and head of news operations and transformation, CBS News and Stations. CBS plans to hire forensic journalists and will expand training and invest in technologies to assist them in their role. In addition to flagging deepfakes, CBS News Confirmed will also report on them. Continue reading CBS News Confirmed: New Fact-Checking Unit Examining AI

YouTube has introduced three dozen new features that do everything from improve mobile playback and search to expand creator tools. When the words “like and subscribe” are uttered by creators, the buttons will respond with animations. Bigger preview thumbnails and a “lock-screen” feature designed to prevent mishaps are also in the new toolset. The improvements build on the “new look and feel” YouTube debuted last year, adding “more modern design elements and features that helped our viewers feel more immersed,” the company says. Some of the improvements target smartphones and connected TVs, while others are for the web app. Continue reading YouTube Adds Dozens of Mobile Playback, Creator Controls

Broadcaster Cox Media Group has teamed with the McClatchy newspaper chain on a free ad-supported hyper-local streaming network called Neighborhood TV. The partners expect NTV to reach thousands of small communities across America. Cox designates as “local” a cluster of neighborhoods or towns within and adjacent to designated market areas (DMAs), thereby building out rather than directly competing with established operations. The service is expanding after desktop and mobile tests in Atlanta, Georgia, and Charlotte, North Carolina notched more than 100 million monthly impressions, according to Cox. Continue reading Cox Media and McClatchy Launch Hyper-Local FAST Service

Warner Bros. Discovery’s streaming platform Max will soon introduce 24/7 live news from CNN as part of an open beta in the U.S. that will experiment with new features and content while seeking feedback from subscribers. CNN Max plans to launch on September 27 with programming from CNN US, CNN International and original programming produced for Max. News programming and original series will be available across all Max packages, which includes Max With Ads, Max Ad-Free and Max Ultimate Ad-Free. The beta test will be evaluated and fine-tuned “before being rolled out more broadly,” according to WBD. Continue reading Max Will Offer CNN News Content for Its Streaming Audience

Newsrooms can potentially benefit greatly from AI language models, but at this early stage they’ve begun laying down boundaries to ensure that rather than having their data coopted to build artificial intelligence by third parties they’ll survive long enough to create models of their own, or license proprietary IP. As industries await regulations from the federal government, The New York Times has proactively updated its terms of service to prohibit data-scraping of its content for machine learning. The move follows a Google policy refresh that expressly states it uses search data to train AI. Continue reading The New York Times Looks to Protect IP Content in Era of AI

After announcing a partnership with OpenAI last month, the Associated Press has issued guidelines for using generative AI in news reporting, urging caution in using artificial intelligence. The news agency has also added a new chapter in its widely used AP Stylebook pertaining to coverage of AI, a story that “goes far beyond business and technology” and is “also about politics, entertainment, education, sports, human rights, the economy, equality and inequality, international law, and many other issues,” according to AP, which says stories about AI should “show how these tools are affecting many areas of our lives.” Continue reading AP Is Latest Org to Issue Guidelines for AI in News Reporting

A group of news organizations, including Gannett, Getty Images and the Associated Press, have joined forces to call for copyright protection with regard to artificial intelligence training data. The 10 outlets signed an open letter charging foundation models are trained using media content without permission that is then disseminated “without any consideration of, remuneration to, or attribution to the original creators.” The group is demanding laws to protect journalism from AI, which if left unregulated they claim “can threaten the sustainability of the media ecosystem” by eroding the public’s trust and undermining financial viability. Continue reading News Orgs Calling for IP Protection Against AI Model Training

Local TV news may soon undergo an AI-driven revolution that will make artificially-generated newscasts a reality nearly 40 years after digital anchor Max Headroom introduced the concept. Veteran newsman and author Hank Price predicts that while the transition is still a few years in the making, the process is already underway, with AI already being used to alter the voice and images of human anchors and offering the possibility to eventually create computer-generated newsreaders with their own personalities. Comparing the advent of newsroom AI to switching to robotic cameras, he says the move will be costly but save money over time. Continue reading Artificial Intelligence Will Likely Impact the Future of TV News

Google has been demonstrating a new AI tool that writes news articles. Currently known as Genesis, which is a working title, the app is reportedly able to take topical information as pertains to things like new products or current events and weave it into something approximating a logically developed news story. The Alphabet company’s new product has been quietly pitched to organizations including The Washington Post, The New York Times and News Corp, owner of The Wall Street Journal and The New York Post. One observer described the new tech as a copilot for journalists, rather than a replacement. Continue reading Genesis: Google Demos New Generative AI Newswriting Tool