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4:35 PM ET, February 22, 2022

Mediagazer

 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.
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:
Helen Davidson / The Guardian:
Foreign Correspondents' Club of China criticizes reporting conditions at the Winter Olympics, saying reporters were tailed and manhandled despite IOC assurances  —  Foreign Correspondents' Club of China says reporters tailed and manhandled by security despite assurances from Games officials
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
Emily Atkin / HEATED:
Emily Atkin, who launched climate newsletter Heated with a $20K Substack advance in 2019, says the newsletter is going on hiatus as she takes a 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.
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.
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
Elsa Keslassy / Variety:
Netflix signs a three-year deal to invest 4% of its annual revenue in France, at least €40M, in French and European films that will premiere in French theaters  —  Netflix has signed a three-year agreement with French film guilds to invest a minimum of €40 million ($45 million) …
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 …
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.
 
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 More News: 
Brier Dudley / The Seattle Times:
Working paper: private equity firms, which in 2019 owned 23% of US newspapers, reduced local coverage more than other owners but drove more digital subscribers
 Earlier Picks: 
Andrew Kersley / Press Gazette:
BBC journalists Emily Maitlis and Jon Sopel leave and join Global to launch a podcast, host an LBC show, and provide commentary on the radio station's website
Ben Quinn / The Guardian:
After an acrimonious departure from GB News, Andrew Neil will host a 10-week show on Channel 4; Neil once described C4 as the “broadcasting arm of the Guardian”