If you missed this week’s top stories, you were probably too busy imagining a dog negotiating peace treaties with a vacuum cleaner or debating the merits of AI-generated cat memes. While that sounds entertaining, there were some serious moves in tech, media, and social platforms that you might want to catch up on.
Greece Passes Teen Social Media Ban
Greece’s parliament has passed a law banning children under 15 from accessing social media platforms, requiring companies like TikTok, Instagram, Facebook, X, and LinkedIn to implement age-verification measures starting January 1. Messaging apps such as WhatsApp remain accessible to under-15s. Noncompliance could result in fines up to 6% of global turnover under the EU Digital Services Act. Greek parents are encouraged to use the Kids Wallet app to block social media access for their children.
Source: Media Daily
Telegraph cuts up to 100 jobs as new owner promises to turn paper into ‘AI-powered’ global business
Following its acquisition by Axel Springer in June for £575 million, the Daily Telegraph has initiated significant staff redundancies, with up to 100 jobs expected to be cut. The new owners plan to transform the newspaper into a global, AI-powered premium media and intelligence business, focusing on technology, data, and AI to reinvent the reader experience. The restructuring aims to create efficiencies, faster decision-making, and new revenue streams including video, audio, events, and commerce.
Source: The Guardian
Elon Musk reportedly invests $1bn in David Ellison’s Skydance
Elon Musk has reportedly invested approximately $1 billion in Skydance, the media empire led by David Ellison, following Paramount’s $111 billion merger with Warner Bros Discovery under the Skydance name. The investment coincides with additional equity infusions from existing investors, including Laurene Powell Jobs. Skydance oversees Paramount and Warner Bros movie studios, HBO Max, CBS News, and CNN, and plans layoffs as part of integration efforts targeting over $6 billion in cost savings over three years.
Source: The Guardian
Meta Q3: Boosts AI Spend, Ad Biz, Users
In Q3 2026, Meta reported $64.6 billion in overall revenue and $63.06 billion in ad revenue, surpassing expectations. The company increased AI-related investments, with capital expenditures rising to $34.91 billion. Meta’s family of apps, including Instagram, Facebook, Threads, WhatsApp, Messenger, and Meta AI, generated $1.1 billion in revenue, a 59% year-over-year increase. Daily active users grew 3% to 3.64 billion, and ad impressions rose 10%. Threads surpassed X in monthly active users. Despite revenue growth, free cash flow declined due to increased expenses.
Source: Media Daily
WebMD Goes Agentic, Unveils ‘Ignite Ruby’
WebMD Ignite launched ‘Ignite Ruby,’ an AI-driven agentic ecosystem designed to automate healthcare marketing operations. The platform integrates specialized AI agents to streamline research, audience analysis, media planning, reporting, and measurement for healthcare organizations. It leverages data from 2.7 billion deidentified healthcare interactions and over 400 electronic medical record feeds, ensuring compliance with healthcare privacy regulations. The system aims to consolidate marketing workflows, improve targeting, and provide auditable AI-generated recommendations, initially focusing on health systems such as hospitals and specialty providers.
Source: Media Daily
