media reporter at @adweek | mark.stenberg@adweek.com | subscribe to my weekly media newsletter, On Background, below
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Mark Stenberg retweeted
News: Studio chiefs Mike De Luca and Pam Abdy are out at Warner Bros. No, it wasn't just DIGGER. Details in tonight's @PuckNews What I'm Hearing... ⬇️⬇️ puck.news/the-mike-and-pam-e…
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Mark Stenberg retweeted
New: The adtech platform OpenWeb, which monetizes publishers' comment sections and was valued at $1.5 billion in 2022, declared insolvency this week.
The company faced a shortfall of roughly $5 million, which worsened when its largest lender demanded $20 million.
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New: The adtech platform OpenWeb, which monetizes publishers' comment sections and was valued at $1.5 billion in 2022, declared insolvency this week.
The company faced a shortfall of roughly $5 million, which worsened when its largest lender demanded $20 million.
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The development represents the latest in a series of setbacks for OpenWeb.
In September 2024, its board removed cofounder and CEO Nadav Shoval, prompting a public dispute and litigation.
It named Teads CEO Jim Daily to the role, but the company has yet to regain its footing.
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The full story, for @Adweek, is below:
adweek.com/media/openweb-ins…
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Just asked Victor Wembanyama if he’d ever consider promoting a sports betting company.
“Absolutely not. I will never do that. Honestly, I think it's very sad to see some players promote it. …Everybody does whatever they want, but without me.”
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New: Creators are ascendent, and investors want to work with them.
But natural limitations, such as creators' small teams and funding needs, have forced financial firms to retool their approach.
Slow Ventures, which invested in three creators on Wednesday, has one strategy.
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The firm is specifically interested not in entertainment creators, like MrBeast, but in niche creators, who are authorities in specific spaces.
Their three Wednesday investments, for instance, went to creators in commercial fishing, textiles, and career coaching.
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This $64 million fund joins the $250 million joint venture, launched in June by CAA and IMC, as the most recent effort from mainstream investors to back creators.
For more on the strategy behind the thesis, you can read my On Background newsletter below:
adweek.com/dealroom/slow-ven…
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Mark Stenberg retweeted
Breaking: Condè Nast CEO Roger Lynch is out at the company after seven and a half years, according to a memo he sent to employees this morning. He is leaving to become the new CEO of Mattel.
Board member Mike Perlis will step in as interim CEO.
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scoop: Max Read will be the guest-host of NYT's "Hard Fork," returning as a video podcast in early October
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people have said it before but the whole shortform video / youtube / podcast content industry is so extractive of actual newsroom labor, and as far as I can tell very few of those studios have hard news operations, reporters / checkers / researchers...
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Mark Stenberg retweeted
@dy1anharper and @StephonCastle are the NBA’s new dynamic duo. Can they get the @spurs to the promised land?
“We understand what goes into [making] it," Harper says. "Now, we got to do it.” Castle echoes his backcourt partner’s thought: “We finna go back.”
Read as the #GQHYPE cover stars share their plan to overcome the memory of a crushing home-court defeat—and an alleged hex thrown at them by Jay-Z—to make good on their limitless potential: gq.visitlink.me/SQUCY1
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RedBird Capital Signs Deal to Acquire Majority Stake in Puck, Valuing Media-Biz Outfit at $250 Million variety.com/2026/biz/news/re…
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Mark Stenberg retweeted
News -- among the handful of suitors who have expressed interest in acquiring Letterboxd: A24, Sony and....The New York Times Company! Bidding starts at $300 million. w/@LaurenSHirsch
nytimes.com/2026/09/24/busin…
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