On Tuesday evening, following the announcement of a tentative ceasefire agreement with Iran, President Donald Trump accused the news network CNN of falsely reporting a statement from some of Iran’s leaders that claimed victory over the United States in the war that has been waged over the past month. Earlier on Tuesday, Trump made a promise to engage in additional war crimes and genocidal…
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Following an increased re-bid from Paramount Skydance to purchase Warner Bros. Discovery, the online streaming service company Netflix has bowed out of the running. The decision, made on Thursday, means that Paramount Skydance will likely be approved for the purchase of the company, whose portfolio includes the news organization CNN. In a joint statement, Netflix co-chief executives Ted…
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Betting company Polymarket and online writing platform Substack announced a partnership this week to further entrench gambling in the world of journalism and, in Polymarket’s words, make journalism “better” with “live markets.” Substack will now allow writers to embed prediction market data in their articles, with “native tools that make it easier to share, discuss…
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Oracle co-founder Larry Ellison, an ally of US President Donald Trump and one of the richest men in the world, pledged on Monday to provide $40.4 billion to help finance his son’s hostile bid to acquire Warner Bros. Discovery, the owner of CNN, HBO Max, and other major media assets. The billionaire’s personal financing guarantee was announced in a press release issued by Paramount Skydance…
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It’s becoming something of a theme: Two massive companies are fighting to take over another massive company, in a deal that will enrich a variety of shareholders but leave the rest of us worse off. The news that Netflix struck a bid to take over movie powerhouse Warner Bros. earlier this month likely horrified entertainment workers: Two Goliaths of the industry combining is no good for pay…
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Consistent with the United States’ continued slide into an economy powered almost entirely by LLM slop, financialization, and ever-pervasive exploitative gambling, “prediction market app” Kalshi “entered into an official partnership” with CNN this week to bring their “data to CNN’s journalism across its television, digital and social channels.” Soon, CNN will run live odds on world events where…
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