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Publishers find the AI era not all that lucrative
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What We’re Reading
We keep an eye out for the most interesting stories about Labby subjects: digital media, startups, the web, journalism, strategy, and more. Here’s some of what we’ve seen lately.
The Guardian / Mark Sweney / Nov 14, 2024
“…it emerged that Oaktree will not be a partner, sparking speculation that the bid may fall apart, resulting in a third auction of the titles. Efune’s spokesperson insisted, however, that he has ‘high confidence’ he will secure the necessary financing, and that Oaktree did not offer a sufficiently competitive deal compared with other interested backers.”
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