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3:50 PM ET, March 22, 2022

Mediagazer

 Top News: 
Katie Robertson / New York Times:
In an email, BuzzFeed News EIC Mark Schoofs announces his departure and those of two other top editors; CEO Jonah Peretti announces job cuts for ~1.7% of staff  —  Mark Schoofs, the site's editor in chief, is among the departures.  The company's chief executive said BuzzFeed News would need to …
RELATED:
Alex Sherman / CNBC:
Sources: several large shareholders have urged Jonah Peretti to shut down BuzzFeed News, which has ~100 employees and loses ~$10M/year  —  - Several large shareholders have urged BuzzFeed CEO Jonah Peretti to shut down the company's news organization.  — BuzzFeed News has won awards …
A.J. Katz / TVNewser:
Will Feuer / Dow Jones Newswires:
BuzzFeed reports $40.4M in Q4 net income, up 25% YoY from $32.2M, and revenue of $145.7M, up 18% YoY, driven by 33% YoY growth in its content revenue segment  —  Digital-media publisher BuzzFeed Inc. said its revenue and profit rose in the three months ended Dec. 31.
Sara Fischer / Axios:
Ben Smith and Justin Smith plan to name their media company Semafor, which they believe is “a very viable and successful option” for trademarking globally  —  Ben and Justin Smith plan to name their new company “Semafor,” a word used to describe a method of communication via two visual signals, the pair confirmed to Axios.
Jennifer Schuessler / New York Times:
A look at newly launched Compact, an online magazine edited by two religious conservatives and a Marxist populist that is currently funded by unnamed investors  —  Compact, a new online magazine edited by two religious conservatives and a Marxist proponent of “labor populism,” aims to challenge both …
Sara Fischer / Axios:
Ex-Trump staffers, including Donald Trump Jr., are launching a news aggregation app called MxM News, to fill a void left by the Drudge Report's waning influence  —  Former Trump staffers, including Donald Trump, Jr., are launching a news aggregation app called “MxM News” …
ProPublica:
ProPublica promotes deputy managing editor Tracy Weber to managing editor, succeeding Robin Fields, who served for nine years and is returning to reporting  —  ProPublica announced Monday that Tracy Weber, deputy managing editor, has been promoted to managing editor.
Jon Lafayette / Next TV:
NBCU says it has certified eight more Nielsen alternatives for audience measurement and audience verification, including Comscore and DoubleVerify  —  Certifies providers of audience measurement and audience verification  —  NBCUniversal, which has been vocal in its search for companies …
Discussion: Ad Age and MediaPost
Josh Gerstein / Politico:
Project Veritas lawyers claim government investigators subpoenaed email records of Veritas staffers from Microsoft, gagging Microsoft from divulging the orders  —  A group that has singled out journalists and Democrats in undercover operations contends that prosecutors misled a federal court …
Discussion: Vanity Fair and Insider
 
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 More News: 
Jacob Kastrenakes / The Verge:
Yuga Labs, the owner of three of the top NFT brands including Bored Ape Yacht Club, raises $450M at a $4B valuation led by a16z to build an NFT media empire
Dessi Gomez / The Wrap:
Twitter suspends the Babylon Bee's account for violating its hateful conduct policy after the right-wing satirical site tweeted a link to a transphobic article
Catie Keck / The Verge:
Roku announces OS 11, coming soon, with a curated “what to watch” hub and custom screensavers; Roku's app will add info about content and where to stream it
Charlotte Tobitt / Press Gazette:
A UK judge rules journalist Chris Mullin won't have to turn over his notes to the police; his investigation helped overturn convictions in the 1974 IRA bombings
William Turvill / Press Gazette:
Staffers at Creators Media Group, Ukraine's largest publisher of tech news sites, recount their experiences as they continue to file stories, but now about war
 Earlier Picks: 
Yuvraj Malik / Reuters:
Tencent Music plans to pursue a secondary listing in Hong Kong, after reporting an 8.7% YoY drop in Q4 revenue, including a 15% YoY drop in social entertainment
Discussion: Benzinga
Shubham Sharma / VentureBeat:
Applied XL, founded by two computational journalists to provide real-time data, raises a $3.5M seed led by Hearst Ventures, with STAT and others participating
Joe Flint / Wall Street Journal:
CEO Bob Chapek tells staff that Disney made a mistake by not publicly opposing Florida's “Don't Say Gay” bill; Disney considers more LGBT-aware content for kids