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Private equity firms Apollo and Standard General buy local TV giant Tegna, which owns 64 stations in 51 markets, for $5.4B, giving it a ~$8.6B valuation — Standard General and Apollo will pay $24 share for the company, which owns 64 stations in 51 markets.
Discussion:
TEGNA, Awful Announcing, insideradio.com, Bloomberg, The Streamable, New York Post, Deadline, @amandamatwell, @samantharheckel, @brynstole, @shawnreynolds_, @dangillmor, @melissakxly4, Insider, @johncolucci, Light Reading, @brianstelter, TVSpy, Wall Street Journal, Poynter, Cord Cutters News, @burnettgracem, MediaPost and Adweek


Maria Ressa, Rappler CEO and a Nobel Peace Prize recipient, joins The Atlantic as a contributing writer covering democracy, press freedom, and the social web — As The Atlantic continues its editorial focus on exposing the crisis facing democracy and the rise of global authoritarianism …
Discussion:
@adriennelaf, @blackamazon and @mckaycoppins


Condé Nast's Vogue and GQ will make content exclusively for TikTok, including hashtag challenges and print inserts — Vogue and GQ will make content exclusively for TikTok, both for their own respective brand channels and in print, under a new deal Condé Nast signed with the social media platform.
Discussion:
@markdistef


Emily Atkin, who launched Heated with a $20K Substack advance in 2019, says the climate newsletter is going on hiatus as she takes “a big digital break” — Why HEATED is going on temporary hiatus. — I've been thinking a lot lately about resilience: the ability to remain strong in the face of difficulties.
Discussion:
@emorwee, @leah_rosenbaum, @kendallbaker, @brittwray, @annehelen, @emorwee, @kelcsimpkins, @hyltonanne, @pkafka, Too Much TV Newsletter, @petedominick, @sorayaroberts and @mattbrownep


Netflix is testing Fast Laughs, a stream of short, curated comedy clips, on its TV app in select English-speaking countries — Fast Laughs is rolling out to ‘select English-speaking countries’ — Netflix is testing Fast Laughs, a stream of comedy clips hand-picked by Netflix, on its TV app.


As China walks a tightrope over the Ukraine crisis, Beijing-linked Horizon News accidentally posted apparent coverage rules banning posts unfavorable to Russia — China did not explicitly endorse Moscow's latest moves toward Ukraine but still recognized on Tuesday what it called Russia's …
Discussion:
Insider, @qjurecic, Quartz, Associated Press, @nakashimae, РИА …, Insider, The Daily Beast and Mother Jones


Permanent community news funds, formed by community foundations working with local news leaders, are a major new trend for supporting local news — READ THE ‘COMMUNITY NEWS FUND’ REPORT — Report for America today released a report that identified a major new trend - the creation of …
Discussion:
@report4america


Howard University receives a $2M donation to digitize its Black Press Archives, which date back to the 1970s and contain over 2,000 newspaper titles — Howard University has received a $2 million donation to digitize a major collection of Black newspaper archives in hopes of making …
Discussion:
@nickimayonews and @alexalisitza


Disney EMEA, BBC Studios, and Sony Pictures join the Digital Entertainment Group International trade body; Google and Warner Bros. are already members — The Walt Disney Company, EMEA, BBC Studios and Sony Pictures Entertainment have joined digital trade body the Digital Entertainment Group International (DEGI).


Nielsen expands its Media Impact planning tools, adding streaming platform ratings to help advertisers and media buyers plan cross-platform campaigns — The addition aims to help marketers plan campaigns — and signal the industry that the embattled company is adapting to the current landscape.
Discussion:
Variety


Boris Johnson says UK Culture Secretary Nadine Dorries has asked Ofcom to review whether RT's news channel license should be suspended — U.K. Prime Minister Boris Johnson has ordered a review of the Russian-backed RT news channel. — Addressing the House of Commons on Wednesday …


PwC: US consumer magazine industry's revenue shrank by 20%+ from 2016 to 2021, largely due to print ad declines; the decline is expected to continue but lessen — The U.S. consumer magazine industry shrunk by more than 30% in the past five years, due largely to print advertising declines, per PwC data.
Discussion:
What's New in Publishing and @sarafischer


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 …
Discussion:
Junghoon's Direct Media …, TV Technology, NPR, Pink's Bottom Line on Media …, Green Light, OutKick, @tom_fowdy, New York Times, Quartz, @slate, @barneyfarmer, @cbrennansports, @kebrightbill, NBC Sports Pressbox, @situate, @japatrick200, @ericboehlert, Wall Street Journal, The Athletic, Axios, Hollywood Reporter, Awful Announcing, Columbia Journalism Review and Poynter
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