Rupert Murdoch emphasized News Corp. has an unwavering focus on navigating the evolving landscape shaped by advanced artificial intelligence tools, addressing the opportunities and challenges that arise. According to the New York Post, Speaking at the annual shareholder meeting in his new role as chairman emeritus, Murdoch disclosed ongoing negotiations with entities developing generative AI tools, aiming to provide original content for these ventures.
Highlighting the transformative impact of digital development on News Corp’s capabilities, Murdoch expressed confidence in expanding news, analysis, books, and real estate intelligence in the era of generative AI. The chairman underscored News Corp’s commitment to ensuring fair compensation for news organizations from AI tools. This commitment aligns with recent discussions on the substantial payments, estimated at over $14 billion annually, that major players like Google and Meta should make to news outlets for search ad revenue.
CEO Robert Thomson emphasized News Corp’s decade-long advocacy for content compensation from digital platforms, entering a new phase of negotiations with the advent of Generative AI. He reassured that negotiations prioritize preserving creativity, avoiding any negative impact on content quality.
As AI tools gain prominence, scrutiny intensifies for Big Tech giants like Meta and Google, already facing pressure to compensate news outlets. Australia’s 2021 law mandating tech firms to negotiate content deals with publishers set a precedent, and News Corp’s landmark deal with Google reinforced the significance of compensating for content.
Thomson, while acknowledging signs of bias in AI, particularly in OpenAI’s ChatGPT, cautioned against the potential undermining of journalism by the rise of AI. He voiced concerns over using News Corp. or its intellectual property to train AI models, emphasizing the need to prevent the unwarranted harvesting and scraping of their brands’ intellectual assets.
Ryan Hedrick works for WIBC in Indianapolis as a Morning News Anchor/Digital Content Producer. Prior to moving to Indy, he served as Assistant Program Director and Co-Host of the Morning News Express at WFMD. His career also includes stints at News Talk 103.7 FM in Chambersburg, PA, Sirius XM in Washington D.C., WBEN in Buffalo, NY, and WIBW-AM in Topeka KS where he earned the Kansas Association of Broadcasters (KAB) award for Major Market enterprise reporting in 2016. To connect with Ryan, find him on Twitter @SureToCover.
NAFB Executive Director Tom Brand, Strong AM Radio Advocate, Resigning
The NAFB executive board and its directors will lead the search for a new executive director.
Changes are coming to the National Association of Farm Broadcasting (NAFB) as Tom Brand resigned from his executive director position. The resignation will take effect on December 31.
Brand became a member of the NAFB team in August 2011 after serving as farm director at KFEQ Radio in St. Joseph, Missouri.
“I want to thank Tom for his leadership of NAFB for the last 12-plus years,” Joe Gill, NAFB’s 2023 president, said. “His passion and dedication to farm broadcasting has been invaluable, and I’m truly grateful for his service to the NAFB.”
The National Association of Farm Broadcasting’s executive board and its directors will lead the search for a new executive director, and the organization will share information about the pursuit once it is announced.
“A lot of things have changed since I came to NAFB in August 2011. Our industry looks different, but it has done a wonderful job remaining relevant and is positioned for the future. I’m pleased with the status of the association, noting growth in multiple areas — membership, offerings to members, financial stability, and impact to the agriculture community,” Brand said.
“Looking back on more than 30 years of involvement with NAFB, I recognize listeners are truly connected to their farm broadcasters; advertisers understand the importance of that connection; and I know farm broadcasting is proven and will continue to deliver its message to this important part of the nation’s economy.”
Bloomberg Media CEO Scott Havens Departs to Join New York Mets
Havens was elevated to the CEO of Bloomberg in January of last year, after previously serving as Chief Growth Officer and Global Head of Strategic Partnerships.
Bloomberg Media CEO M. Scott Havens is departing his role to become the President of MLB’s New York Mets.
Havens was elevated to the CEO of Bloomberg Media in January of last year, after previously serving as Chief Growth Officer and Global Head of Strategic Partnerships.
He joined the company in 2015 after spending time as the Senior Vice President of Digital at Time Inc. He was also the President of The Atlantic, and also spent time at Portfolio.com, and Yahoo! Finance, among others.
In his new role, Havens will report directly to New York Mets owner Steve Cohen.
“The opportunity to join the Mets organization is a lifelong dream fulfilled,” said Havens. “I’m thrilled to build upon the great work underway, accelerating the push to modernize our strategy across the organization, driving new digital and media innovation, and ultimately, to provide our fans with the best experience in sports. I’m grateful to Steve and Alex for this opportunity and am looking forward to working with the entire leadership team to shape the future of the Mets together.”
“Bringing someone on board of Scott’s caliber is an exciting development for the Mets organization,” added Mets Owners Steve and Alex Cohen. “Scott has vast experience leading world-class media and digital technology-led companies such as Bloomberg Media and Time Inc. and he’ll provide a modern vision and strategic direction for our organization.
Ex-CNN President Jeff Zucker Acquiring Two U.K. Media Outlets
Reports indicate that Zucker is planning to expand U.K. publications into the U.S.
Former CNN president Jeff Zucker is getting back into the news media industry. According to The New York Times, Zucker is reportedly set to acquire The Daily Telegraph and The Spectator, two influential conservative publications in the U.K.
Zucker’s RedBird IMI bid approximately $1.4 billion for the publications that went up for auction following the Barclay family’s default on a loan.
Reports indicate that Zucker is planning to expand U.K. publications into the U.S. However, he will not be responsible for daily news coverage and instead will focus on strategy.
Recently, news reports have linked the former CNN chief as a potential buyer of CNN in case Warner Bros. Discovery decides to sell the cable network. He has confirmed his interest in acquiring CNN.
During the Yahoo Finance Invest Conference in early November, Zucker stated that CNN is not currently for sale and that his RedBird IMI Capital firm is not investigating a purchase. However, Zucker referred to CNN as a “fantastic asset.”