Sunday, May 22

Tag: media

Chicago Alt-Weekly Survives Column Clash, Going Nonprofit | Entertainment News
Entertainment

Chicago Alt-Weekly Survives Column Clash, Going Nonprofit | Entertainment News

By KATHLEEN FOODY, Associated PressCHICAGO (AP) — The Chicago Reader, the city's famed alt-weekly, is expected to become a nonprofit this month after the sale was nearly derailed over a co-owner's column opposing COVID-19 vaccine requirements for children.The publication was on track to be sold to the new nonprofit last year until the November printing of defense attorney Leonard Goodman’s column headlined “Vaxxing our kids" prompted allegations of misinformation and censorship.Goodman agreed to step aside in late April, allowing the sale to go through. Still, the standoff among the alt-weekly's managers left staff members in limbo for months, wondering if the Reader would be shut down after surviving multiple previous sales and the coronavirus pandemic.In the column, Goodman wrote that “f...
Twitter Should Be a Public Service Instead of Elon Musk’s Private Business
Business

Twitter Should Be a Public Service Instead of Elon Musk’s Private Business

Text size A monitor with Twitter Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, April 29, 2022. Michael Nagle/Bloomberg About the author: Anamitra Deb is the managing director at Omidyar Network. Can Elon Musk generate new revenue streams and turn around Twitter’s bottom line? How will he deal with issues like free speech, content moderation, open-sourci...
Wall Street, Tech Investors Back Musk Twitter Bid With $7B | Business News
Business

Wall Street, Tech Investors Back Musk Twitter Bid With $7B | Business News

By MICHELLE CHAPMAN and TOM KRISHER, AP Business WritersElon Musk has strengthened the equity stake of his $44 billion offer to buy Twitter with commitments of more than $7 billion from a diverse group of investors including Silicon Valley heavy hitters like Oracle co-founder Larry Ellison.A regulatory filing Thursday also said that Musk is in talks with other parties for additional funding commitments, including former Twitter CEO Jack Dorsey, the social media platform's second-largest individual stakeholder after Musk.Ellison, who is also a board member of electric vehicle maker Tesla, is making the biggest contribution, pegged at $1 billion. Musk is Tesla's CEO and biggest shareholder.Other investors include tech investor Sequoia Capital Fund, which pledged $800 million, and VyCapital, ...