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, insideradio.com, Awful Announcing, Bloomberg, The Streamable, New York Post, Deadline, @amandamatwell, Insider, @samantharheckel, @brynstole, @shawnreynolds_, @dangillmor, @melissakxly4, Light Reading, @johncolucci, @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
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
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
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 …
Discussion:
@andrew__roth, @pwnallthethings, @steven_swinford, @steven_swinford, The Times, @steven_swinford, @maxseddon, @bentavener and @kevin_maguire
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:
@sarafischer
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.
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 …, Green Light, TV Technology, NPR, Pink's Bottom Line on Media …, OutKick, New York Times, @tom_fowdy, Quartz, NBC Sports Pressbox, @slate, @barneyfarmer, @cbrennansports, @kebrightbill, @situate, @japatrick200, @ericboehlert, Wall Street Journal, The Athletic, Axios, Hollywood Reporter, Fox News, Awful Announcing, Columbia Journalism Review and Poynter
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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, Quartz, @qjurecic, Associated Press, @nakashimae, Al Jazeera, РИА …, Insider, The Daily Beast and Mother Jones
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
Ben Terris / Washington Post:
An update on some of the amateur sleuths, including Claude Taylor and Louise Mensch, who built large social media followings with unfounded claims about Trump — For years, the actor Tom Arnold occupied himself with a singular goal: ending Donald Trump's presidency. And what does he have to show for it?
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) …
Discussion:
Hollywood Reporter, The Wrap, Media Play News, Deadline and Advanced Television
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