The New York Times on Friday filed a lawsuit against Perplexity, alleging the artificial intelligence startup has illegally copied and distributed its copyrighted content. The suit, filed in the Southern District of New York, accuses Perplexity of unlawfully scraping The Times' stories, videos, podcasts and other content to formulate responses to user queries. The startup also generates outputs that are "identical or substantially similar to" The Times' content, according to the complaint."While we believe ...

Core Viewpoint - The New York Times has initiated a lawsuit against the startup Perplexity for copyright infringement, marking an escalation in its legal actions against generative AI companies that allegedly exploit its content for profit [1] Group 1 - The lawsuit reflects the growing tension between traditional media companies and generative AI firms over content usage rights [1] - The New York Times claims that generative AI companies are profiting from its content without permission, raising concerns about intellectual property rights in the digital age [1] - This legal action is part of a broader strategy by The New York Times to protect its content and revenue streams from unauthorized use by technology companies [1]

Core Insights - The New York Times Co. reported strong third-quarter earnings, exceeding estimates and contributing to a 13% stock increase in November [1][2][5] Financial Performance - The company added 460,000 net digital-only subscribers, bringing the total to 12.33 million, with 11.76 million being digital-only [4] - Digital advertising revenue increased, driving overall revenue up 9.5% to $700.8 million, surpassing estimates of $692 million [5] - Adjusted operating profit rose 26.1% to $131.4 million, resulting in an adjusted operating margin of 18.7% [5] - Adjusted earnings per share increased from $0.45 to $0.59, beating expectations of $0.53 [5] Future Guidance - The company projected total subscription revenue growth of 8-10% and a 6%-7% increase in adjusted operating costs, indicating continued margin improvement [6] - Analysts on Wall Street responded positively, raising price targets for the stock following the earnings report [6] Legal Context - The New York Times is engaged in a legal dispute with Microsoft and OpenAI, alleging unauthorized use of its content for training ChatGPT [6][7] Strategic Developments - The company has adapted to the digital landscape, recently launching a TikTok-like vertical video feature on its app, showcasing its evolution within the industry [8] - Given its strong brand and business success, the company is positioned for long-term growth [9]

DMGT said it ‘plans to invest substantially in Telegraph Media Group with the aim of accelerating its international expansion’ - Geoff Pugh for The Telegraph The Daily Mail owner Lord Rothermere has entered exclusive discussions to acquire The Telegraph for £500m. Lord Rothermere’s holding company DMGT said it “plans to invest substantially in Telegraph Media Group with the aim of accelerating its international expansion”. The company is in talks with RedBird IMI, the joint venture between the United Ar ...

Core Insights - The Telegraph's digital subscription revenue rose by 18% year-on-year to over £81 million, while overall subscriptions increased by 5% to 1,086,000 [1][5] - The company's underlying operating profits remained stable at £54.6 million despite uncertainties regarding ownership [1] - Statutory pre-tax profit for Press Acquisitions Limited fell to £15 million from £201 million in the previous year, largely due to a reversal of a £196 million impairment [3] Financial Performance - Turnover for 2024 increased by 1.2% to £279.4 million, a slowdown from the 5.4% revenue growth in 2023 [2][3] - The Telegraph incurred exceptional costs of £12.8 million in 2024 related to ownership disputes, adding to £18.3 million from 2023, with total costs exceeding £30 million [6] - The company is projected to pay an additional £6 million in 2025 due to ongoing ownership issues [7] Ownership and Strategic Challenges - The Telegraph is currently under ministerial restrictions that prevent RedBird Capital Partners and Sheikh Mansour from gaining influence, following a failed takeover bid [4][5] - The ownership saga has been ongoing for two and a half years, initiated by the financial troubles of the Barclay family [8] - RedBird and IMI are making a second attempt to acquire The Telegraph with a restructured £500 million bid, which would grant RedBird majority ownership [10]

Corporate Earnings Drive Pre-Market Activity - Amgen Inc. reported a 12% increase in total revenues to $9.6 billion and non-GAAP EPS of $5.64, exceeding forecasts and leading to a 3% rise in stock [3] - Lumentum Holdings Inc. saw a 17% stock increase after reporting Q3 2025 EPS of $0.57 on revenues of $425.2 million, driven by growth in its Cloud and Networking segment [4] - Rivian Automotive, Inc. reported Q3 2025 revenues of $1.56 billion, surpassing estimates, with a narrower loss per share of -$0.65 and a 47% year-over-year increase in automotive sales [5] - Johnson Controls International plc reported an adjusted EPS of $1.05 and sales of $6.1 billion, representing a 6% organic increase year-over-year, with an 11% growth in backlog [6] - The New York Times Company added 460,000 digital-only subscribers, boosting total revenue by 9.5% year-over-year to $700.8 million [7] Media and Global Trade Developments - China's Foreign Minister announced willingness to negotiate a free trade agreement with the European Union, emphasizing cooperation over rivalry [9] - The New York Times Company demonstrated strength in digital transformation, contributing to its revenue growth [7] Crude Oil Markets Face Headwinds - WTI crude oil prices are trading near $60.59, facing downward pressure from a stronger U.S. dollar and increased U.S. crude inventories [10] - OPEC+ has paused output hikes for Q1 2026, agreeing to a modest increase in December, but market sentiment remains cautiously bearish [10]

Core Viewpoint - Gannett Co., Inc. will change its name to USA TODAY Co., Inc. effective November 18, emphasizing its most recognized brand, USA TODAY [1] Company Summary - The name change aims to leverage the strength of the USA TODAY newspaper, which has played a significant role in promoting understanding and unity across America [1]

Core Points - More than 80 Spanish media organizations have filed a lawsuit against Meta for allegedly breaching EU data protection rules, with a trial set to begin in a Spanish court [3][4] - The lawsuit seeks 551 million euros (approximately $647 million) in compensation for unfair competition in digital advertising sales, claiming that Meta systematically violated the law from May 2018 to July 2023 [4][5] - The media association AMI argues that Meta's actions have undermined the viability of media organizations and the public's right to information [5][6] Group 1 - The Spanish media association AMI claims that Meta has created "unfair competition" by ignoring European regulations, which require user consent for personalized advertising [4][5] - Witnesses are scheduled to testify in Madrid, with expert reports and closing arguments expected shortly after [5] - AMI represents major media groups, including Prisa, Godo, Vocento, and Unidad Editorial, which publish some of Spain's leading newspapers [7] Group 2 - A separate lawsuit has been initiated by Spanish radio and television stations against Meta, seeking 160 million euros in damages for similar reasons [7] - A comparable legal action has also been launched in France, where around 200 media groups have filed against Meta [8]

Core Insights - Gannett Co., Inc. has launched DeeperDive, an industry-first Generative AI answer engine developed by Taboola, fully implemented on USA TODAY, reaching over 195 million monthly unique visitors [1][2][3] - The DeeperDive technology aims to enhance user engagement by providing clear, AI-generated responses enriched with relevant stories and context, addressing the challenges posed by traditional AI search engines [2][3] - This partnership is expected to create new revenue channels through stronger advertising CPMs and increased reader engagement, with plans to integrate purchasing opportunities tailored to user interests [2][3] Company Overview - Gannett Co., Inc. is a diversified media company focused on empowering communities through trusted journalism and digital marketing solutions, reaching approximately 140 million monthly unique visitors [5][7] - USA TODAY, a cornerstone of the national media landscape since 1982, serves as the foundation for Gannett's newsroom network, delivering high-quality content to a significant audience [6][7] - Taboola, the partner behind DeeperDive, provides performance advertising technology that reaches approximately 600 million daily active users, enabling businesses to achieve measurable outcomes [8]

Core Insights - The company has a strong brand and is in the process of pivoting towards digital strategies, indicating a significant shift in its operational focus [1] Group 1: Strategic Evolution - The company had a strategic plan that was initially outlined a few years ago, which has since evolved based on learnings and market conditions [1] - The discussion highlights the importance of understanding the company's historical context and the foundational strategies that have shaped its current direction [1] - The role of key personnel, such as the CFO, is emphasized in the development and execution of the company's strategic vision [1]