In an internal note about the job cuts, the company’s chief executive cited its plan to shift focus solely to news coverage of business, tech and innovation.
News-publishing giant Axel Springer has inked a multiyear licensing deal with ChatGPT creator OpenAI, a significant milestone as media companies push for compensation for the use of their content in artificial-intelligence tools. Under the agreement, OpenAI will pay to use content from Axel Springer publications, which include Politico and Business Insider in the U.S. and European properties Bild and Welt, to populate answers in ChatGPT and train its AI tools.
For some of the publishers chasin the broadest scale, maybe. A new study from the Reuters Institute examines the strengths and weaknesses of seven globally ambitious news companies — Brut, Business Insider, De Correspondent, HuffPost, Mashable, Quartz, and Vice.
Axel Springer has bought Business Insider in a deal valuing the pureplay at $442 million. The deal sets a new high water mark for a native digital publisher sale and marks a comeback for CEO Henry Blodget, a former analyst once banished from Wall Street whose reinvention as a publisher is validated in the deal.
The Wall Street Journal is reporting that Comcast Corp.’s NBCUniversal is scouting out several companies in the world of new media for potential deals as the cable giant tries to court young consumers who are watching less traditional television. The company has engaged in preliminary discussions with several online publishers including Vice Media, BuzzFeed and Business Insider, and has discussed increasing its roughly 14% stake in Vox Media, according to people familiar with the matter. WSJ subscribers can read the full story here.
