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10:40 AM ET, February 22, 2022

Mediagazer

 Top News: 
Alex Weprin / The Hollywood Reporter:
PE firms Apollo and Standard General buy local TV giant Tegna, which owns 64 stations in 51 markets, for $5.4B, valuing Tegna at $8.6B  —  Standard General and Apollo will pay $24 share for the company, which owns 64 stations in 51 markets.  —  Local TV giant TEGNA is selling itself to a pair …
Knight Foundation:
Knight Foundation will invest $3.2M over three years to help 26 Black-owned media outlets become financially sustainable  —  With Knight's commitment of over $4 million, legacy publishers and startup networks will become more financially sustainable to better serve communities of color
Katie Robertson / New York Times:
Polk Awards: The Washington Post, The New York Times, and The New Yorker win two awards each; WSJ's Facebook Files wins the business reporting prize  —  The Times was honored for coverage that revealed a plot behind the murder of the Haitian president and for investigations on the toll of America's air war in the Middle East.
Associated Press:
NBC's decision to spend $7.75B on Olympics rights through 2032 looks shaky after Beijing, a buzz-free, hermetically sealed event, saw viewers staying away  —  NEW YORK (AP) — There were many reasons to think NBC made a savvy business deal in 2014 when it locked up the American media rights …
RELATED:
Andrew Kersley / Press Gazette:
ABC report: The Economist's digital subscribers grew 14% YoY to 995,228 in 2021, accounting for nearly half of all digital magazine subscriptions in the UK  —  The Economist retained its spot as the UK magazine with the largest digital edition circulation, reaching nearly one million subscribers in 2021 …
Discussion: abc.org.uk
James Fallows / Breaking the News:
After Dean Baquet dismissed criticism from “unnuanced voices on Twitter”, The New York Times urgently needs to re-hire a public editor to avoid future missteps  —  For the New York Times, that means a public editor.  —  This post started out several days ago as a follow-up to …
Andrew Kersley / Press Gazette:
Two leading BBC journalists, Emily Maitlis and Jon Sopel, are leaving and joining radio giant Global to launch a podcast and an LBC show  —  Two of the BBC's leading journalists, Jon Sopel and Emily Maitlis, are leaving the public broadcaster to join LBC and its owner Global.
Timothy McLaughlin / The Atlantic:
Profile of Ronson Chan, chairman of the Hong Kong Journalists Association and an editor of Stand News, which closed after two editors were charged with sedition  —  In the summer of 2019, Ronson Chan, then an editor for the independent news outlet Stand News, took a delayed honeymoon to Germany with his wife.
Charlotte Tobitt / Press Gazette:
Swiss outlets were excluded from an investigation, involving 47 publications, into Credit Suisse to protect them from the vague wording of a banking secrecy law  —  Switzerland-based news organisations were excluded from the Suisse Secrets investigation into Credit Suisse's banking practices over fears of punitive legal punishment.
Discussion: The Guardian, Euractiv and OCCRP
Elsa Keslassy / Variety:
Netflix signs a three-year deal to invest 4% of its annual French revenue, at least €40M, in French and European films that will be released in French theaters  —  Netflix has signed a three-year agreement with French film guilds to invest a minimum of €40 million ($45 million) …
Ben Quinn / The Guardian:
Joan E. Solsman / CNET:
Spotify says Car Thing is now on sale for $90, after being announced in April 2021; a future software update will add Audible support and more  —  Two million raced onto a waitlist for Spotify's first hardware.  Now that it's on sale, Spotify's real road test must prove Car Thing's more than a goofy name.
 
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