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3:05 AM ET, February 19, 2024

Mediagazer

 Top News: 
Emily Smith / The Wrap:
Media experts and former CNN executives say CEO Mark Thompson needs to cut costs as he remakes the network, and some top anchor salaries will likely be pruned  —  As the cable network suffers ongoing dismal ratings, Thompson needs to cut costs — including $50 million in on-air talent
Clay Risen / New York Times:
William Beecher, who as a NYT reporter revealed President Nixon's secret bombing campaign over Cambodia and Pulitzer Prize winner, died on February 9 at age 90  —  His New York Times scoop enraged the Nixon White House, which ordered a tap on his phone.  He later won a Pulitzer Prize at The Boston Globe.
Javier Espinoza / Financial Times:
Sources: the EU plans to fine Apple around €500M for allegedly breaking EU law over access to music streaming services, following a 2019 complaint by Spotify  —  Move is culmination of long-running European Commission antitrust probe after a complaint by Spotify
Sarah Ellison / Washington Post:
Current and ex-staff and experts say Sinclair stokes its audience's fears, with views that align with Trump, and David Smith wants the same at The Baltimore Sun  —  The local news powerhouse, whose chairman recently bought the Baltimore Sun, focuses on fear in broadcasts that often align with Donald Trump's view of cities
Wall Street Journal:
Sources: ABC News President Kim Godwin has become a polarizing figure inside the network, as critics say she is failing to rise up to challenges facing the unit  —  Expected to be a change agent, Godwin became a polarizing figure and was recently given a new boss; her backers praise her management style
Wall Street Journal:
Sources: Paramount has held talks with Comcast about Paramount+ and Peacock joining forces through a partnership or a joint venture  —  The two companies have recently discussed a streaming partnership or joint-venture for Paramount+ and Peacock  —  Paramount has held recent talks with Comcast …
Jessica Toonkel / Wall Street Journal:
A look at the expansion plans of LeBron James' SpringHill, which makes most of its $200M in revenue from creating sponsored short videos for advertisers  —  The basketball legend is building a business that includes movies and TV, advertising and a grooming line.
Natalie Korach / The Wrap:
Legal news service Law360 lays off 10% of its newsroom, per impacted journalists; the outlet's parent company LexisNexis saw record profits in 2023  —  Unionized editorial staffers staged a one-day strike against parent company LexisNexis in December  —  Law360, the subscription-based legal …
Lucas Shaw / Bloomberg:
Amazon aims to debut a Roger Federer movie in July around Wimbledon, adding to sports documentary programming that includes Travis Kelce and Barry Sanders films  —  The tennis great thought he was making a home movie about his last 12 days as a pro.  It turned into a documentary by award-winning filmmaker Asif Kapadia.
Amy Or / Bloomberg:
Sources: Reddit signed a deal early in 2024, worth ~$60M on an annualized basis, allowing a large unnamed AI company to train its models on Reddit's content  —  - Social media firm agrees $60 million deal with AI company  — Reddit advised to seek at least $5 billion IPO valuation
Lucas Shaw / Bloomberg:
How Paramount became a cautionary tale of the streaming wars, as the Viacom merger, a lack of investment, and other issues left it with $16B+ in debt  —  Shari Redstone inherited her father's storied media empire and tried to take on Netflix.  Now it's looking for a buyer.
 
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 More News: 
The Wrap:
Nexstar is developing a weekly political talk show in collaboration between the CW and The Hill; it will air on Sundays on local CW stations
Georg Szalai / The Hollywood Reporter:
Private equity firm RedBird IMI finalizes a £1.15B deal to acquire UK TV and film producer All3Media from Warner Bros. Discovery and Liberty Media
 Earlier Picks: 
Alex Hern / The Guardian:
Google stopped notifying publishers of “right to be forgotten” removals, after a Swedish court ruled that informing webmasters is a breach of privacy
David Pierce / The Verge:
A look at robots.txt, a goodwill-based social contract that has governed the behavior of web crawlers, as more publishers block AI crawlers from their sites
Nicola Agius / Search Engine Land:
Google says IAB Tech Lab's report claiming Privacy Sandbox could disadvantage smaller brands and media companies contains “misunderstandings and inaccuracies”
 

 
From Techmeme:

Kif Leswing / CNBC:
Apple says general counsel Kate Adams and policy chief Lisa Jackson are retiring, and Jennifer Newstead, Meta's chief legal officer, will replace Adams in March

A.J. Vicens / Reuters:
US and Canadian authorities warn that Chinese hackers are using the Brickstorm malware to install backdoor access within unnamed government and IT entities

Shashwat Chauhan / Reuters:
The US CFTC announces that spot crypto asset contracts will begin trading for the first time on CFTC-registered futures exchanges
 
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