This page hosts daily news stories related to the media and journalism industry. Check back often, as new stories may be added throughout the day.
Elon Musk Offers $97 Billion to Buy OpenAI, Sam Altman Rejects the Bid
A group of investors led by Elon Musk, including his AI startup xAI, has offered over $97 billion to acquire OpenAI. The move escalates Musk’s legal dispute with the AI company he co-founded, with his team claiming they aim to return OpenAI to its original nonprofit mission. OpenAI CEO Sam Altman swiftly dismissed the offer, responding sarcastically on Musk’s platform X, stating, “no thank you but we will buy twitter for $9.74 billion if you want.” Musk originally acquired Twitter, now X, for $44 billion in 2022. (Read More) (AP News Rating)
Google Updates U.S. Maps to Label Gulf of Mexico as ‘Gulf of America’
Google Maps users in the United States now see “Gulf of America” in place of the “Gulf of Mexico,” following a directive from former President Donald Trump issued on his first day back in office. The change, effective immediately for federal use, was implemented after the U.S. Board on Geographic Names updated its database. Users in Mexico will still see “Gulf of Mexico,” while international users will see both names combined. Trump has also declared February 9 as “Gulf of America Day” to commemorate the renaming. (Read More) (The Hill Rating)
Fox Corporation Acquires Red Seat Ventures, Home to Former Fox News Hosts
Fox Corporation has acquired Red Seat Ventures, a media company specializing in creator-led podcasts and digital media brands, including those of former Fox News figures Tucker Carlson, Bill O’Reilly, and Megyn Kelly. The deal places Red Seat Ventures under Fox’s Tubi Media Group rather than Fox News Media, marking a separation from the network where these personalities previously worked under contentious circumstances. (Read More) (Adweek Rating)
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