This page hosts daily news stories about the media, social media, and the journalism industry. Get the latest Hirings and Firings, Media Transactions, Controversies, and more.
Elon Musk Teases AI-Based Revival of Vine on X
Elon Musk has hinted that X (formerly Twitter) may soon feature a Vine-style short video feed powered by AI. Rather than relaunching Vine as a standalone app, the move likely integrates AI-generated video content into X’s existing platform. Musk’s comments follow recent announcements about xAI’s text-to-video project, “Imagine,” which aims to allow users to create quick, viral clips. The underlying technology stems from Hotshot, an AI company X acquired earlier this year. While similar to Google’s Veo, concerns have arisen over potentially controversial or offensive AI-generated videos given X’s lenient content policies. (Read More) (Social Media Today Rating)
Murdoch Media Balances Trump Coverage Amid Epstein Controversy
Rupert Murdoch’s media conglomerate shows a split approach in covering Donald Trump’s alleged ties to Jeffrey Epstein. The Wall Street Journal broke a major story about a letter from Trump to Epstein, while Fox News, also under Murdoch, largely downplayed the scoop. Trump is suing both the WSJ and Murdoch over the report, though his options to retaliate against Murdoch are limited. Despite political tensions, Fox News remains central to Trump’s media strategy, while the Journal continues growing its digital readership across political lines. (Read More) (Axios Rating)
Trump-Era FCC May Impose “Transaction Tax” on Media Firms
A new report from New Street Research warns that media firms owning TV stations could face increased scrutiny and costs—dubbed a “Trump Transaction Tax”—under a second Trump administration. This comes in light of lawsuits and regulatory pushback involving major players like Paramount and Disney. Fox Corp. may also face hurdles due to Trump’s legal dispute with the WSJ. Media companies seeking to buy or sell stations may need to resolve legal challenges before receiving FCC approval, raising concerns for legacy media navigating the rise of streaming. (Read More) (MediaPost Rating)
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