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4:50 PM ET, February 15, 2024

Mediagazer

 Top News: 
Drew Harwell / Washington Post:
The SEC approves Truth Social's SPAC merger with DWAC; Trump's stake in the post-merger company would be valued at more than $4B at today's price  —  The former president's stake in the post-merger company would be valued, at today's share price, at nearly $4 billion.
Todd Spangler / Variety:
Roku reports Q4 revenue up 14% YoY to $984.4M, vs. $968.2M est., and warns of a “challenging” environment for media and entertainment in 2024; ROKU drops 14%+  —  Roku revenue came in above Wall Street forecasts for the fourth quarter of 2023 — and it touted new milestones …
Anne Steele / Wall Street Journal:
Sources: Rod Stewart sold his music and publishing catalog for ~$100M to Iconic Artists Group, which says it has raised $1B+ for future catalog investments  —  Investors pour billions of dollars into companies pursuing music-rights deals  —  Rod Stewart, the star behind such hits as …
Emma Roth / The Verge:
Meta plans to start charging a 30% fee for boosting Facebook and Instagram posts on iOS later in February, after Apple extended its 30% cut to boosting in 2022  —  Meta said Thursday that it will start charging a 30 percent fee when advertisers pay to boost the visibility of their posts in Facebook's and Instagram's iOS apps.
Todd Spangler / Variety:
WGA East says 26 of the 50 NowThis members represented by the union have been laid off; an internal memo says no additional layoffs are planned  —  In another heavy round of job cuts in the media biz, half of the editorial team of digital news outlet NowThis has been laid off, according to the union representing the staffers.
Charlotte Tobitt / Press Gazette:
How Swiss outlet Blick gained 16,000+ subscribers since June 2023 by using a registration wall and summaries teasing the content of some walled-off articles  —  A registration wall launched in the run-up to the premium offer was a “key element” to a strong launch.
Oliver Darcy / CNN:
Meta seems unable to define political content, vaguely mentioning laws, elections, and social topics, after saying Threads would not amplify political content  —  What constitutes “political” content?  —  It's an important question that Meta has conspicuously left unanswered …
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The Information:
Sources: Meta is reducing payments to news outlets that fact-check potential WhatsApp misinformation, such as around elections, and has cut CrowdTangle funding
Committee to Protect Journalists:
Senegalese police attacked, harassed, and tear gassed or detained over 25 journalists reporting on February 9 protests over the delayed presidential election  —  Senegalese authorities must identify and hold accountable police officers who attacked, harassed, and tear gassed or detained …
 
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 More News: 
Sahil Patel / The Information:
Sources: Vox Media's and Bustle Digital Group's revenue each fell ~15% YoY due to weaker ad sales; both have seen a 10% rise in ad sales so far in 2024
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