Day: June 15, 2020

The future of media: more digital and more economic pain, Reuters Institute says

LONDON (Reuters) – The coronavirus outbreak has prompted a significant increase in news consumption but the economic turmoil is forcing news businesses to accelerate their move to digital, The Reuters Institute for the Study of Journalism said.

The coronavirus lockdowns prompted a global rise in viewing of television and online news though concerns about misinformation remain high, with Facebook and WhatsApp seen as the main channels for spreading so called “fake news”.

The broader picture is that the outbreak is accelerating the trends wrought by the technological revolution, including the rise of smartphones as an interface of news consumption, The Reuters Institute said in its annual Digital News Report (www.digitalnewsreport.org).

“The headline is that we see an accelerated move to digital media and mobile media and various kinds of platforms,” Rasmus Kleis Nielsen, director of the Reuters Institute, said by telephone.

“This is accompanied by a continued decline in trust

Read More

U.S. companies can work with Huawei on 5G, other standards: Commerce Dept

(Reuters) – The United States on Monday confirmed a Reuters report that it will amend its prohibitions on U.S. companies doing business with China’s Huawei [HWT.UL] to allow them to work together on setting standards for next-generation 5G networks.

FILE PHOTO: The U.S. flag and a smartphone with the Huawei and 5G network logo are seen on a PC motherboard in this illustration taken January 29, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

The U.S. Commerce Department and other agencies signed off on the rule change, which is awaiting publication in the Federal Register, Reuters reported, citing people familiar with the matter. The rule was sent to the Federal Register on Friday and is set to be published as early as Tuesday.

U.S. Commerce Secretary Wilbur Ross confirmed the action in a statement to Reuters.

“The United States will not cede leadership in global innovation,” Ross said. “The department is committed to protecting

Read More

Apple-backed study sheds light on physical sales through App Store

FILE PHOTO: The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar

(Reuters) – Apple Inc on Monday released the results of a study that found its App Store spurred $458 billion in sales last year from categories such as retail of physical goods, ride-hailing and advertising from which the iPhone maker takes no commission.

The study, backed by Apple, marks the first time the company has sought to quantify App Store activity that does not produce a commission for Apple. Commissions from the App Store, which is the only way developers can distribute apps to iPhones owned by consumers, have become a key sales driver for Apple as iPhone sales level off.

But Apple’s study suggested the App Store has a broader impact. The App Store generated $519 billion in billings and

Read More

Two former Pinterest policy employees say they faced racism at work

FILE PHOTO: A guest hold up a phone during the Pinterest Inc. IPO on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 18, 2019. REUTERS/Brendan McDermid

(Reuters) – Two former Pinterest employees who left the image-sharing company in late May publicly alleged in tweets on Monday that they had experienced racial discrimination in the workplace.

Ifeoma Ozoma, who was Pinterest’s public policy and social impact manager, called the company’s recent solidarity with the anti-racism Black Lives Matter movement “a joke.”

Companies have rushed to publish statements of solidarity with the black community following global protests over racism and injustice after George Floyd, a black man, died in Minneapolis police custody on May 25.

“As a Black woman, seeing @Pinterest’s middle of the night ‘Black employees matter’ statement made me scratch my head after I just fought for over a full year to be paid

Read More