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Hedge fund buys Press Democrat and four other North Bay publications
Hedge fund buys Press Democrat and four other North Bay publications

San Francisco Chronicle​

time02-05-2025

  • Business
  • San Francisco Chronicle​

Hedge fund buys Press Democrat and four other North Bay publications

Hedge fund Alden Capital's MediaNews Group is acquiring the Press Democrat newspaper and five other North Bay publications. The purchase agreement, confirmed by the companies on Thursday, would add the Santa Rosa-based publication to Alden's dozens of newspaper holdings that include the Mercury News, East Bay Times and San Diego Union-Tribune. 'We always believed that a viable, independent local press was vital to our North Bay community. We believe that the newspaper, its staff and most importantly the public will be best served under the stewardship of MediaNews Group, with the newspaper expertise and financial resources necessary to carry on our mission of delivering the highest-caliber local journalism for future North Bay generations,' said Darius Anderson, managing member of Sonoma Media Investments, in a statement. The sale would honor the existing contract between the newspaper and the Pacific Media Workers Guild, the newsroom's union. 'We are honored to bring a newspaper of this quality into MediaNews Group,' said Frank Pine, executive editor of MediaNews Group, in a statement. 'We appreciate the importance of local news and information to the communities where we publish and are proud to expand our commitment to Northern California in the North Bay.' The Press Democrat won a Pulitzer Prize in 2018 for its coverage of the Tubbs Fire. The sale also includes the Sonoma Index-Tribune, Petaluma Argus-Courier, North Bay Business Journal, Sonoma magazine, Sonoma County Gazette and La Prensa Sonoma. Hearst, owner of the Chronicle, was also reportedly a bidder for the newspapers.

Judge allows newspaper copyright lawsuit against OpenAI to proceed
Judge allows newspaper copyright lawsuit against OpenAI to proceed

Yahoo

time26-03-2025

  • Business
  • Yahoo

Judge allows newspaper copyright lawsuit against OpenAI to proceed

NEW YORK (AP) — A federal judge has ruled that The New York Times and other newspapers can proceed with a copyright lawsuit against OpenAI and Microsoft seeking to end the practice of using their stories to train artificial intelligence chatbots. U.S. District Judge Sidney Stein of New York on Wednesday dismissed some of the claims made by media organizations but allowed the bulk of the case to continue, possibly to a jury trial. 'The claims the court has dismissed do not undermine the main thrust of our case, which is that these companies have stolen our work and violated our copyright in a way that fundamentally damages our business,' said a statement from Frank Pine, executive editor of MediaNews Group and Tribune Publishing, owners of some of the newspapers that are part of a consolidated lawsuit in a Manhattan court. Stein didn't explain the reasons for his ruling, saying that would come 'expeditiously.' OpenAI said in a statement it welcomed 'the court's dismissal of many of these claims and look forward to making it clear that we build our AI models using publicly available data, in a manner grounded in fair use, and supportive of innovation.' Microsoft declined to comment. The Times has said OpenAI and its business partner Microsoft have threatened its livelihood by effectively stealing billions of dollars worth of work by its journalists, in some cases spitting out Times' material verbatim to people who seek answers from generative artificial intelligence like OpenAI's ChatGPT. ————— The Associated Press and OpenAI have a licensing and technology agreement that allows OpenAI access to part of AP's text archives.

Judge allows newspaper copyright lawsuit against OpenAI to proceed
Judge allows newspaper copyright lawsuit against OpenAI to proceed

Associated Press

time26-03-2025

  • Business
  • Associated Press

Judge allows newspaper copyright lawsuit against OpenAI to proceed

NEW YORK (AP) — A federal judge has ruled that The New York Times and other newspapers can proceed with a copyright lawsuit against OpenAI and Microsoft seeking to end the practice of using their stories to train artificial intelligence chatbots. U.S. District Judge Sidney Stein of New York on Wednesday dismissed some of the claims made by media organizations but allowed the bulk of the case to continue, possibly to a jury trial. 'The claims the court has dismissed do not undermine the main thrust of our case, which is that these companies have stolen our work and violated our copyright in a way that fundamentally damages our business,' said a statement from Frank Pine, executive editor of MediaNews Group and Tribune Publishing, owners of some of the newspapers that are part of a consolidated lawsuit in a Manhattan court. Stein didn't explain the reasons for his ruling, saying that would come 'expeditiously.' OpenAI said in a statement it welcomed 'the court's dismissal of many of these claims and look forward to making it clear that we build our AI models using publicly available data, in a manner grounded in fair use, and supportive of innovation.' Microsoft declined to comment. The Times has said OpenAI and its business partner Microsoft have threatened its livelihood by effectively stealing billions of dollars worth of work by its journalists, in some cases spitting out Times' material verbatim to people who seek answers from generative artificial intelligence like OpenAI's ChatGPT.

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