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Facebook's news ban has crushed traffic for Australian publishers, and news execs elsewhere are bracing for wider global fallout
- Lara O'Reilly and Steven Perlberg report that media execs are weighing the potential international fallout of Facebook's Australia news ban.
- Web traffic to Australian news sites began to drop significantly just hours after the ban.
- Australia could serve as a testing ground for tussles elsewhere between regulators and Big Tech.
Read the story.
WarnerMedia cuts thousands of ad agencies as it tries to save $1.5 billion
- WarnerMedia has cut the number of ad agencies it uses from more than 3,000 to a few dozen, reports Patrick Coffee.
- The development is part of the AT&T company's effort to save $1.5 billion by 2022.
- It's also pushing its properties like HBO Max and DC Comics to use a handful of agencies.
Read the story.
The 'Reply All' podcast is facing a reckoning after claims of anti-union bullying surfaced amid its Bon Appétit miniseries
- A former Gimlet Media employee accused "Reply All" podcast hosts of creating a "toxic" environment, Rachel Greenspan reports.
- The allegation came in response to a "Reply All" miniseries about the work environment at Bon Appétit.
- "Reply All" co-host PJ Vogt says he is stepping away from the podcast.
Read the story.
More stories we're reading:
- Advertising is Amazon's fastest-growing business and brought in $21 billion in 2020. Here are the 21 top insiders leading the charge. (Business Insider)
- Heineken is debuting a Dos Equis hard seltzer. Its CMO lays out new markets and strategies the company is pursuing in the crowded beverage category. (Business Insider)
- Con Edison is dropping its ad agency Havas as it looks for a new agency to promote its clean energy mission (Business Insider)
- Unsealed court document claims Facebook 'knew for years' that a metric was inflated and ignored an employee warning to avoid a revenue hit (Business Insider)
- Burger King's nostalgic rebrand was a huge hit. 2 designers explain why it was a success.(Business Insider)
- 'I'm afraid of repercussions': Publishing industry members question Google's motives in paying off News Corp (Digiday)
- The Trade Desk to hand control of Unified ID 2.0 to Prebid (Adweek)
- Tech industry challenges Maryland online ad tax (Wall Street Journal)
Thanks for reading and see you on Monday! You can reach me in the meantime at LJohnson@businessinsider.com and subscribe to this daily email here.