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How Britannica survived the Wikipedia era by changing itself into a maker of education software and AI agents, as it reportedly weighs an IPO at a $1B valuation

Dec 20, 2024 - mediagazer.com
The Mediagazer snapshot from December 20, 2024, highlights several key media industry updates. Meta is set to introduce an AI editing tool in Instagram, powered by Movie Gen AI, which will allow users to modify outfits, backgrounds, and more in videos using text prompts, with a release planned for 2025. This development has sparked discussions across various platforms, including Adam Mosseri on Instagram, Neowin, and TechCrunch.

Additionally, Neil Cavuto is leaving Fox News after a 28-year tenure. Despite being offered a new contract, Cavuto chose to depart from the network. This news has been widely discussed by media outlets such as Hollywood Life, Los Angeles Times, and Politico, as well as personalities like Janice Dean and Meghan McCain. The departure marks a significant change in Fox News' lineup, drawing attention from a broad spectrum of media and social media platforms.

Key takeaways:

Based on the provided markdown data, here are four key takeaways formatted in an HTML list:```html
  • Meta is introducing an AI editing tool in Instagram, powered by Movie Gen AI, which allows users to change outfits, backgrounds, and more in videos using text prompts, expected to launch in 2025.
  • Neil Cavuto is leaving Fox News after 28 years; he declined a new deal offered by Fox and decided to depart from the network.
  • The Mediagazer snapshot was taken at 2:20 PM ET on December 20, 2024, capturing discussions and articles from various media outlets.
  • Discussion and coverage span across multiple platforms and media outlets, including The Verge, TechCrunch, The Hollywood Reporter, and The Guardian, among others.
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