Top News:
Alex Weprin / The Hollywood Reporter:
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
The Atlantic:
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
Sara Guaglione / Digiday:
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 / HEATED:
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
Emma Roth / The Verge:
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.
Lily Kuo / Washington Post:
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
Sam Kille / Report for America:
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
Tali Arbel / Associated Press:
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
K.J. Yossman / Variety:
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).
Rick Porter / The Hollywood Reporter:
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
Naman Ramachandran / 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 …
Sara Fischer / Axios:
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
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 …
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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