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Condé Nast and OpenAI have reached an agreement that will give the AI company access to content from the publisher’s properties. The deal will permit OpenAI to surface stories from outlets including The New Yorker, Vogue and Vanity Fair in both ChatGPT and the new SearchGPT prototype. “It’s crucial that we meet audiences where they are and embrace new technologies while also ensuring proper attribution and compensation for use of our intellectual property,” Condé Nast CEO Roger Lynch wrote in a company-wide email. Noting the financial losses publishers are facing, Lynch said the partnership with OpenAI “begins to make up for some of that revenue, allowing us to continue to protect and invest in our journalism and creative endeavors,” Publishers who have struck similar deals with OpenAI include the Associated Press, Axel Springer, The Atlantic, Financial Times and News Corp.
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ABC News names Almin Karamehmedovic, senior executive producer of “World News Tonight with David Muir,” to serve as its next president. The promotion expands his responsibilities to include such programming as “Good Morning America,” “20/20” and “Nightline.” He will also oversee the ABC News Studios division as well as the network’s coverage of the upcoming presidential debate and election. Karamehmedovic succeeds Kim Godwin, who announced her exit in May. He began started with ABC News on a freelance basis in London in 1998, joining “Nightline” in 2008 and servingd as its executive producer before joining “World News Tonight.”
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Time magazine is laying off 22 staffers. The cuts affect its editorial, technology, sales & marketing departments, in addition to Time Studios. In an Aug. 20 memo to staff announcing the layoffs, Time CEO Jessica Sibley cited lower advertising budgets, competition and shifts in consumer behavior as among the factors leading to the decision. “We are making changes now across our business to protect against this period of transformation and unpredictability in the media industry,” she wrote. The announcement follows the axing of about 15 percent of the magazine’s staff in January.
Russia bans NYT, WSJ, WaPo journalists for being “liberal globalist media outlets involved in manufacturing and spreading fake claims" about the country... Florida-based Trump Media & Technology Group gets help from Nebraska Congressman... The California General Assembly passed a bill requiring internet browsers and mobile operating systems to let consumers easily opt out from the sharing and selling of their private data with websites that use it for targeted advertising. 
Formedics, the healthcare professional community and engagement platform, has acquired AMC Media, a healthcare publisher, digital marketer and events operation.
The Knight Foundation is investing $5.4 million to create the Knight Growth Challenge Fund in an attempt to support media outlets and open up access to local journalism... The New York Times will no longer make endorsements in the city’s elections... Playboy is headed back into print, with an annual print edition set to make its debut in February 2025.
Ziff Davis, which owns such tech publications as Mashable, IGN and Lifehacker, picks up CNET from Red Ventures in a deal valued at over $100M... Oliver Darcy, who took over CNN’s Reliable Sources newsletter when Brian Stelter exited the company in 2022, has left to start up Status, an independent, subscription-based news site dedicated to the media industry... Axios is handing out pink slips to about 50 staffers—or about 10 percent of its staff.
Trade media plays an essential role in informing business leaders, influencing sales and driving industry growth, according to a new survey of B2B business executives.
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