News publishers brace as AI tools slash traffic

Generative artificial intelligence assistants like ChatGPT are cutting into traditional online search traffic, depriving news sites of visitors and impacting the advertising revenue they desperately need, in a crushing blow to an industry already fighting for survival, reports AFP. “The next three or four years will be incredibly challenging for publishers everywhere. No one is […]

Skydance to lead Paramount merger

Skydance Media CEO David Ellison will lead the new company as chief executive after its merger with Paramount Global is completed by August 7, the independent studio said on Monday, reported Reuters. After the deal closes, the company is expected to be structured into three primary business segments — studios, direct-to-consumer and TV media. Former NBCUniversal […]

Italy fines Shein for misleading green claims

Italy’s competition watchdog said Monday it has fined the company responsible for Shein’s websites in Europe one million euros ($1.15 million) for false and confusing claims about the e-commerce giant’s efforts to be environmentally “green”. The AGCM watchdog accuses the China-founded fast-fashion colossal of having “adopted a misleading communication strategy regarding the characteristics and environmental […]