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Media Beat: November 02, 2020 | FYIMusicNews – FYI Music News

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Jonathan Pie’s articulate rant on why Trump will win this election

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Is the PM muzzling free speech?

Justin Trudeau failed three times in the last week to say he believes in the Charter of Rights and Freedoms’ guarantee of Freedom of Expression for every Canadian.

With France reeling from terrorist attacks brought about by Islamist extremists supposedly provoked by showing images of the Muslim prophet Mohammed, Quebec-based reporters asked Trudeau about the issue three times. Once before the attack in Nice on Thursday and twice afterward.

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On all three occasions, Trudeau failed to give a full-throated defence on freedom of speech, freedom of expression or any variation thereof.

“…We will always defend freedom of expression, but everyone must act respectfully towards others and not try to needlessly or arbitrarily hurt someone we share this planet and society with.” – Brian Lilley, The Sun

Things fall apart in the US — and Canada takes a hard look in the mirror

We assume we’re immune to the forces now threatening the American experiment. We shouldn’t. – Aaron Wherry, CBC News

Rosalie’s Tower of Power: Choosing the hits, crossing the border

In the history of Motown Records, there are more than a few connections to Canada – and that’s leaving aside the fact that it’s just across the Detroit River.

Singer/songwriter R. Dean Taylor was born in Toronto. Members of Bobby Taylor’s Vancouvers (there’s a giveaway) came from Edmonton, including Tommy Chong. Writer/producer Tom Baird was from Vancouver. Then there’s the time that Rick James spent in Toronto, avoiding the U.S. draft and hanging with local musicians who later comprised the Mynah Birds. Later still, Canadian-born Vanity, Remy Shand and Corneille recorded for Motown. For a while, the company even ran its own subsidiary there, opened in 1974 in Toronto and managed by Ron Newman, dubbed “Captain Fun” by colleagues, and known for an ability to consume liquor while standing on his head.

Still, the single most important Canadian for Motown was a woman not in its employ, but whose position and influence were responsible for the sales of millions of its records – on both sides of the border – during the late 1960s and through the ’70s. Rosalie Trombley was her name. – Adam White

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Huge outpouring from sports community for Oilers’ locker room friend Joey Moss

If you’d never paid much attention to sports in Edmonton and never heard of Joey Moss, you’d have found what happened in the first 24 hours after the death of the famed member of both the NHL Oilers and the EE football team to have been staggering beyond belief even to those of us who have chronicled the inspiration impact of the character with Down syndrome for decades. – Terry Jones, Edmonton Sun

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Our Back Pages: Boom 97.3 presents–The First Time: Candi of Candi & The Backbeat

Candi remembers The First Time she heard the song on the radio because she couldn’t say anything and it was driving her nuts! Of all the places to be when that “special moment” happens, this spot was not the most ideal location.

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And here’s the song, Dancing Under A Latin Moon released by I.R.S. Records in 1989

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100 years ago, the first commercial radio broadcast announced the results of the 1920 election – politics would never be the same

Only 100 people were listening, but the first broadcast from a licensed radio station occurred at 8 p.m. on Nov. 2, 1920. It was Pittsburgh’s KDKA, and the station was broadcasting the results of that year’s presidential election.

When the man responsible, Frank Conrad, flipped the switch for the first time, he couldn’t have envisioned just how profoundly broadcast media would transform political life. – The Conversation (via Warren Cosford)

Ads will be harder to escape now that posters can hijack FM Radio signals

The electronics on the poster manipulate the FM signals to encode new audio or data as they’re being reflected, without interrupting the original radio broadcasts, which is a violation of FCC regulations. The bounced and modified FM signals coming from the poster actually occupy a nearby, but unused, portion of the FM radio band, so the original broadcasts can still be heard. – Andrew Liszewski, Gizmodo

Australian Richard Burns, the first foreigner to own US radio stations

Frontier Media in February 2017 became the first licensee of a radio station in the U.S. to be 100% foreign-owned. At the time, there was zero opposition to the request, which the FCC granted. Now, Richard Burns is the proud — and successful — the owner of stations in Alaska and along the Texas/Arkansas border.

What’s this Australian’s perspective on ownership, especially given the much-different atmosphere seen today in locales such as Juneau, Alaska, compared to then?

Learn more about how Burns’ ownership of radio stations is “a dream come true” by listening now to this audio podcast report! – Adam Jacobson, Radio + Television News Report

The looming possibility that Big Tech could be liable for 3rd party hate content

If Canada decides to follow the U.S.’s lead on Section 230, Canada would have to consider the FCC taking a more restrictive view of Section 230’s safe harbour protections that would align itself with Conservative U.S. Supreme Court Justice Clarence Thomas’ view that online content providers and platforms should be treated as publishers given their apparent role in internet censorship of fake news.

In his statement in “Malware Bytes vs. Enigma Software,” Thomas indicated his interest in veering to an interpretation of Section 230 that the provider of online content would be considered a publisher, making it liable for that content, as opposed to being a platform or a neutral content provider. – Daniel Tsai, The Star

How to record a podcast remotely and get it right

Remote interviews are a fact of life for every podcaster, and in today’s era of social distancing, more so than ever. Since you rarely get the chance at an interview do-over, nailing down your remote recording workflow is essential. Descript’s digital platform explains how to prepare for and record a remote interview, so you get it right the first time — with some additional tips along the way to make sure all your bases are covered. – Descript.com

The Trumpsters’ argument

There has been talk about killing the filibuster, to pass just about anything with a simple majority, and talk about enlarging the Senate by adding more states, presumably to enable one side to hold a permanent majority. Also on the agenda has been adding more members to the Supreme Court to turn it into a branch of legislative government, eliminating America’s historic system of checks and balances. There are also plans to raise taxes on everyone (remember, “You can keep your healthcare”?), abolish fossil fuels and fracking, and establish a Marxist-socialist economy of redistribution to replace a free economy. –  Guy Millière, Gatestone Institute

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What do foreign correspondents think of the U.S.?

Journalists from around the world are reporting on the 2020 Presidential race—and offering perspectives not found in American media coverage. – The New Yorker YouTube channel

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Fox News rules the roost in cable news ranking

Cable news ratings in the US exploded in October across Fox News, CNN and MSNBC as all three networks saw record numbers for the month, with Fox News having the highest-rated month in cable news history, according to Nielsen Media Research.

Fox News led the way with a whopping 4.9 million total viewers in prime time, the highest number in the history of cable news dating back 40 years. MSNBC was second with 2.7 million viewers, followed by CNN with 2.4 million. – The Hill

Below, a snapshot of a single day sweep from Tuesday, Oct. 27

Will covid kill globalization

Covid-19 has been the third major disruption to globalisation within the past twelve years. The pandemic will not kill globalisation off, but it will deepen the cracks. Read more here: – The Economist

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Public Debt: how much is too much?

The covid-19 pandemic is set to increase public debt to levels last seen after the second world war. But is rising public debt a cause for concern? New economic thinking suggests perhaps not, at least for now. Further reading: Find The Economist’s most recent coverage of covid-19 here.

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Amazon Empire: The Rise and Reign of Jeff Bezos

Jeff Bezos is not only the richest man in the world, he has built a business that is without precedent in the history of American capitalism. His power to shape everything from the future of work to the future of commerce to the future of technology is unrivaled. As politicians and regulators around the world start to consider the global impact of Amazon — and how to rein in Bezos’ power — FRONTLINE investigates how he executed a plan to build one of the most influential economic and cultural forces in the world. –PBS

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Nielsen’s novel methodology for crediting earbud listenership in US radio rankings

Nielsen is addressing an ongoing issue of how to measure listening that takes place via headphones or earbuds.

The research company conducted a study of around 1,700-meter carriers in PPM markets to determine how much listening takes place via headphones or earbuds.

Based on their findings, the geniuses behind the fortunes for thousands of broadcasters have decided that all online streaming, app, and smart speaker listening will receive a headphone bonus of 50-70%. 

That’s right. They’re guessing (based on their survey) that this will more accurately reflect actual listening through headphones. –Tracy Johnson Media Group

Nielsen Audio to snub non-subscribers in US radio survey reports

As first reported by Streamline Publishing’s Radio Ink, Nielsen Audio starting in 2021 will no longer include non-subscribing radio stations in the ratings reports most commonly used by advertising agencies and media buyers.

For Nielsen Audio, its “Subscriber First” initiative comes as financially wounded Nielsen prepares to split into two companies; its ratings services, including Nielsen Audio, have been the bright spot financially, however, generating much of the profits for the nation’s dominant audience measurement firm. – Adam Jacobson, Radio & Television News Report

Economists struggle to figure out a world that’s unraveled

Once confident in their wisdom as a profession, many economists today admit they are trying desperately to understand the workings of a globalized system they now realize they never really grasped very well. The so-called experts have been continually surprised by the ways in which a tightly knit, fast-paced world economy can produce panics, financial collapses, socially disrupting inequality, a still-mysterious low-interest-rate environment, and, now, a sudden pandemic that has caused continentwide shutdowns. Most of the old models are broken. But there’s little there to replace them. – Michael Hirsch, The Economist

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B.C. online harms bill on hold after deal with social media firms

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The British Columbia government is putting its proposed online harms legislation on hold after reaching an agreement with some of the largest social media platforms to increase safety online.

Premier David Eby says in a joint statement with representatives of the firms Meta, TikTok, X and Snapchat that they will form an online safety action table, where they’ll discuss “tangible steps” toward protecting people from online harms.

Eby added the proposed legislation remains, and the province will reactivate it into law if necessary.

“The agreement that we’ve struck with these companies is that we’re going to move quickly and effectively, and that we need meaningful results before the end of the term of this government, so that if it’s necessary for us to bring the bill back then we will,” Eby said Tuesday.

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The province says the social media companies have agreed to work collaboratively with the province on preventing harm, while Meta will also commit to working with B.C.’s emergency management officials to help amplify official information during natural disasters and other events.

The announcement to put the Bill 12, also known as the Public Health Accountability and Cost Recovery Act, on hold is a sharp turn for the government, after Eby announced in March that social media companies were among the “wrongdoers” that would pay for health-related costs linked to their platforms.

At the time, Eby compared social media harms to those caused by tobacco and opioids, saying the legislation was similar to previous laws that allowed the province to sue companies selling those products.

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Premier David Eby is pictured with Ryan Cleland and Nicola Smith, parents of Carson Cleland, during a news conference announcing Bill 12. (Ben Nelms/CBC)

Eby said one of the key drivers for legislation targeting online harm was the death of Carson Cleland, the 12-year-old Prince George, B.C., boy who died by suicide last October after falling victim to online sextortion.

“In the real world we would never allow a company to set up a space for kids where grown adults could be invited in to contact them, encourage them to share photographs and then threaten to distribute those photographs to their family and friends,” Eby said when announcing the legislation.

The premier said previously that companies would be shut down and their owners would face jail terms if their products were connected to harms to young people.

In announcing the pause, the province says that bringing social media companies to the table for discussion achieves the same purpose of protecting youth from online harm.

“Our commitment to every parent is that we will do everything we can to keep their families safe online and in our communities,” said Eby.

Ryan Cleland, Carson’s father, said in a statement on Tuesday that he “has faith” in Eby and the decision to suspend the legislation.

“I don’t think he is looking at it from a political standpoint as much as he is looking at it as a dad,” he said of Eby. “I think getting the social media giants together to come up with a solution is a step in the right direction.”

Business groups were opposed

On Monday, the opposition B.C. United called for a pause to Bill 12, citing potential “serious legal and economic consequences for local businesses.”

Opposition Leader Kevin Falcon said in a statement that his party pushed Eby’s government to change course, noting the legislation’s vague language on who the province can sue “would have had severe unintended consequences” for local businesses and the economy.

“The government’s latest retreat is not only a win for the business community but for every British Columbian who values fairness and clarity in the law,” Falcon said.

A white man wearing a blue tie speaks in a legislature building.
B.C. United Leader Kevin Falcon says that Bill 12 could have had unintended consequences. (Chad Hipolito/The Canadian Press)

The Greater Vancouver Board of Trade said they are pleased to see the legislation put on hold, given the “potential ramifications” of the proposal’s “expansive interpretation.”

“We hope that the government chooses not to pursue Bill 12 in the future,” said board president and CEO Bridgitte Anderson in a statement. “Instead, we would welcome the opportunity to work with the government to develop measures that are well-targeted and effective, ensuring they protect British Columbians without causing unintended consequences.”

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Trump poised to clinch US$1.3-billion social media company stock award

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Donald Trump is set to secure on Tuesday a stock bonus worth US$1.3-billion from the company that operates his social media app Truth Social (DJT-Q), equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares.

The award will take the former U.S. president’s overall stake in the company, Trump Media & Technology Group (TMTG), to US$4.1-billion.

While Mr. Trump has agreed not to sell any of his TMTG shares before September, the windfall represents a significant boost to his wealth, which Forbes pegs at US$4.7-billion.

Unlike much of his real estate empire, shares are easy to divest in the stock market and could come in handy as Mr. Trump’s legal fees and fines pile up, including a US$454.2-million judgment in his New York civil fraud case he is appealing.

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The bonus also reflects the exuberant trading in TMTG’s shares, which have been on a roller coaster ride since the company listed on Nasdaq last month through a merger with a special purpose acquisition company (SPAC) and was snapped up by Trump supporters and speculators.

Mr. Trump will be entitled to the stock bonus under the terms of the SPAC deal once TMTG’s shares stay above US$17.50 for 20 trading days after the company’s March 26 listing. They ended trading on Monday at US$35.50, and they would have to lose more than half their value on Tuesday for Mr. Trump to miss out.

TMTG’s current valuation of approximately US$5-billion is equivalent to about 1,220 times the loss-making company’s revenue in 2023 of US$4.1-million.

No other U.S. company of similar market capitalization has such a high valuation multiple, LSEG data shows. This is despite TMTG warning investors in regulatory filings that its operational losses raise “substantial doubt” about its ability to remain in business.

A TMTG spokesperson declined to comment on the stock award to Mr. Trump. “With more than $200 million in the bank and zero debt, Trump Media is fulfilling all its obligations related to the merger and rapidly moving forward with its business plan,” the spokesperson said.

While Mr. Trump’s windfall is rich for a small, loss-making company like TMTG, the earnout structure that allows it is common. According to a report from law firm Freshfields Bruckhaus Deringer, stock earnouts for management were seen in more than half the SPAC mergers completed in 2022.

However, few executives clinch these earnout bonuses because many SPAC deals end up performing poorly in the stock market, said Freshfields securities lawyer Michael Levitt. TMTG’s case is rare because its shares are trading decoupled from its business prospects.

“Many earnouts in SPACs are never satisfied because many SPAC prices fall significantly after the merger is completed,” Mr. Levitt said.

To be sure, TMTG made it easier for Mr. Trump to meet the earnout threshold. When TMTG agreed to merge with the SPAC in October, 2021, the deal envisioned that TMTG shares had to trade above US$30 for Mr. Trump to get the full earnout bonus. The two sides amended the deal in August, 2023 to lower that threshold to US$17.50, regulatory filings show.

Had that not happened, Mr. Trump would not have yet earned the full bonus because TMTG’s shares traded below US$30 last week. The terms of the deal, however, give Mr. Trump three years from the listing to win the full earnout, so he could have still earned it if the shares traded above the threshold for 20 days in any 30-day period during this time.

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B.C. puts online harms bill on hold after agreement with social media companies

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The B.C. government is putting its proposed online harms legislation on hold after reaching an agreement with some of the largest social media platforms to make people safer online.

Premier David Eby says in a joint statement with representatives of the firms Meta, TikTok, X and Snap that they will form an online safety action table, where they’ll discuss “tangible steps” towards protecting people from online harms.

Eby says the social media companies have “agreed to work collaboratively” with the province on preventing harm, while Meta will also commit to working with B.C’s emergency management officials to help amplify official information during natural disasters and other events.

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“We have had assurance from Facebook on a couple of things. First, that they will work with us to deliver emergency information to British Columbia in this wildfire season that (people) can rely on, they can find easily, and that will link into official government channels to distribute information quickly and effectively,” Eby said at a Tuesday press conference.

“This is a major step and I’m very appreciative that we are in this place now.”


Click to play video: 'B.C. takes steps to protect people from online harms'
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B.C. takes steps to protect people from online harms

 


The announcement to put the bill on hold is a sharp turn for the government, after Eby announced in March that social media companies were among the “wrongdoers” that would pay for health-related costs linked to their platforms.


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At the time, Eby compared social media harms to those caused by tobacco and opioids, saying the legislation was similar to previous laws that allowed the province to sue companies selling those products.


Click to play video: 'Carol Todd on taking action against online harms'
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Carol Todd on taking action against online harms

 


Last August, Eby criticized Meta over its continued blackout of Canadian news outlets as wildfires forced thousands from their homes.  Eby said it was “unacceptable” for the tech giant to cut off access to news on its platforms at a time when people needed timely, potentially life-saving information.

“I think it’s fair to say that I was very skeptical, following the initial contact (with Meta),” Eby said Tuesday.

Eby said one of the key drivers for legislation targetting online harm was the death of Carson Cleland, the 12-year-old Prince George, B.C., boy who died by suicide last October after falling victim to online sextortion.

The premier says in announcing the pause that bringing social media companies to the table for discussion achieves the same purpose of protecting youth from online harm.

“Our commitment to every parent is that we will do everything we can to keep their families safe online and in our communities,” the premier said in his statement.

 

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