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Elon Musk Doubles Down on Reason for Not Buying Twitter

Brian Stelter stated that a source confided in him that Musk doubled down on his claims off the record that spam and bot accounts are the reason he’s not stopping his pursuit of buying Twitter

Eduardo Razo

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Tesla CEO Elon Musk is ending his pursuit of purchasing Twitter, citing that the main reason for calling off the quest to buy the company is the spam and bots accounts. 

During CNN’s “Reliable Sources,” host Brian Stelter stated that a source confided in him that Musk doubled down on his claims off the record that spam and bot accounts are the reason he’s not stopping his pursuit of buying Twitter during the entrepreneur’s appearance at the Allen & Company Sun Valley Conference. 

“[Musk] was at this hush-hush conference on Friday and Saturday, and he spoke on stage at a session that was treated as off the record. But I am told by a source who was in the room that he did talk more about the bots problem,” Stelter said. “According to this source, Musk doubled down on his claims about bots all across Twitter.”

“He said nobody believed, and it’s just paraphrasing, but he said nobody believes Twitter’s claim that bots are under 5% of the total usage on and Twitter. So he apparently went on about the deal. There are some headlines are going to see out there saying he avoided the subject. But I’m told he did talk about Twitter.”

Twitter isn’t planning on letting Musk out of the deal as they’re planning to pursue legal action to make sure that the agreement for the purchase goes through, as Twitter’s chairman, Bret Taylor, said on the platform.

“The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery,” Taylor said. 

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Media Business

Indianapolis, Philadelphia, Baltimore See Largest Political Ad Spends in Recent Weeks

President Joe Biden’s campaign has been the biggest spender, dropping $7.2 million.

Barrett News Media

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A side profile of the U.S. Capitol.

While much of the focus of political advertising is focused on the 2024 presidential election, there are important Congressional races, too. Metros like Indianapolis, Philadelphia, and Baltimore are the beneficiaries of those races.

According to information from AdImpact, $70.8 million has been spent in the political sector in the past two weeks. $3.7 million was spent in Indianapolis, while the Philadelphia market garnered $3.4 million and Baltimore saw $3.2 million in spending.

President Joe Biden’s campaign has been the biggest spender, dropping $7.2 million, according to Inside Radio. $1.7 million was spent in digital ads, while a PAC supporting Biden spent another $649,000.

Projections on the expected spending have fluctuated in recent months as ad spending has slowed after lackluster primary season saw former President Donald Trump effectively lock up the Republican nomination much earlier in the process than had been previously seen.

AdImpact forecasts $10.2 billion in the election cycle, which would be a new record.

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Media Business

Broadcasters Foundation of America Honors Six with Leadership Awards

The honors were bestowed at the Foundation’s annual breakfast at the NAB Show in Las Vegas.

Barrett News Media

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A photo of the 2024 Broadcasters Foundation of America Leadership Award Winners
(Photo: Broadcasters Foundation of America)

The 2024 NAB Show in Las Vegas has wrapped up, and the Broadcasters Foundation of America honored six industry veterans with their Leadership Award.

At the foundation’s annual breakfast at the NAB Show, it honored several leaders.

Erica Farber — who stepped down as CEO of the Radio Advertising Bureau at the beginning of the month — was bestowed with the Lowry Mays Excellence in Broadcasting Award. The honor is named after Clear Channel founder Lowry Mays, who died in September 2022.

Six other individuals were honored with the Leadership Award. Those included:

  • Mike McVay, President of McVay Media
  • Kathleen Kirby, Partner at Wiley
  • Don Bouloukos, CBS and ABC Radio Executive
  • Frank Comerford, Chief Revenue Officer and President of Commercial Operations for NBCU Local
  • John Rouse, Executive Vice President ABC Affiliate Relations
  • Traug Keller, President of ABC Radio Networks and Senior Vice President of ESPN Radio

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Media Business

Fox News Digital Marks 3 Straight Years Leading Multiplatform Minutes

On average, the network featured 111 million unique visitors per month to its digital platforms, including 5.8 million unique visitors to its mobile app.

Barrett News Media

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A photo of the Fox News logo

Fox News Digital finished the first quarter leading news brands in multiplatform minutes, marking the 12th consecutive quarter leading the category.

The network saw double-digit year-over-year growth in the sector with 9.8 billion multiplatform minutes, according to Comscore.

Additionally, Fox News led the first quarter in multiplatform views with 4.9 billion. On average, the network featured 111 million unique visitors per month to its digital platforms, including 5.8 million unique visitors to its mobile app in the first quarter.

Fox Business also saw victories in the business media sector. The YouTube channel for the network garnered 182 million views in the quarter, up 20% compared to the same time frame in 2023.

Also, FoxBusiness.com averaged 28.7 million unique visitors per month in the quarter, up 21% in year-over-year growth.

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