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2:00 PM ET, February 21, 2024

Mediagazer

 Top News: 
Mark Stenberg / Adweek:
Sources: Amazon plans to shut its FAST service Freevee in the coming weeks, as part of a broader effort to focus its ad and product efforts on Prime Video  —  The service has become redundant following the introduction of ads to Prime Video  —  Amazon is planning to sunset its free …
Dominic Ponsford / Press Gazette:
ABC report: UK magazines' digital sales rose 15.4% YoY to an average of 2.6M per edition, including 1.2M from “all you can read” sales via Readly and others  —  UK magazine titles report surge in access to digital editions according to ABC.  —  Digital sales of UK magazines rose 15.4% year …
Discussion: @pressgazette and Press Gazette
HouseFresh:
How some big publishers are inundating the web with subpar product recommendations without testing the products, and how Google is helping them through inaction  —  And why you shouldn't trust product recommendations from big media publishers ranking at the top of Google
Patrick Brzeski / The Hollywood Reporter:
Q&A with Disney President of Asia-Pacific Luke Kang on the Asian entertainment business, evolving Disney's streaming strategy, growing Disney+, ads, and more  —  Luke Kang shares how the media giant has come to its streaming strategy for the region and his current views on major content markets like China, South Korea and Japan.
Amelia Pollard / Bloomberg:
Filing: a US court gives Audacy, the second-largest radio broadcaster in the US, approval to exit bankruptcy, slashing ~$1.7B of its debt in a restructuring  —  - Soros Fund Management slated to own largest stake in company  — Firm to slash $1.7 billion of debt through restructuring plan
Rebecca Rubin / Variety:
Sony Pictures Entertainment strikes a deal to manufacture, distribute, and market Disney's DVD, Blu-ray discs, and other physical media in the US and Canada  —  Disney is outsourcing a big piece of its home entertainment division to Sony Pictures Entertainment, which will manufacture …
Cat Zakrzewski / Washington Post:
FTC letter: Twitter did not violate an order restricting its data practices, as staff prevented the “Twitter Files” writers from directly accessing its systems  —  After investigating his handling of the ‘Twitter Files’ for more than a year, the agency found no evidence the company violated consent order
Discussion: Bloomberg
Reuters:
Indonesia issues a regulation requiring digital platforms, including Facebook and Google, to pay media outlets that provide them with content  —  Indonesian President Joko Widodo said on Tuesday he had signed a regulation requiring digital platforms to pay media outlets that provide them with content …
Will Sommer / Washington Post:
Five alleged neo-Nazis held flares and made “sieg heil” gestures outside the NC home of Raw Story reporter Jordan Green, who was investigating extremist groups  —  The chilling visit to Raw Story reporter Jordan Green's home represents an increasingly common tactic by extremist groups
 
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 More News: 
Todd Spangler / Variety:
Apple debuts Apple Sports, a free app offering scores and stats for the NBA, NHL, Premier League, and more, in the US, Canada, and the UK, on iOS 17.2 or later
Brishti Basu / CBC News:
Canada's Local Journalism Initiative, which gave $50M over five years for journalists' salaries, expires March 31, with no word on whether it will be renewed
Nate Ostiller / The Kyiv Independent:
Russia labels RFE/RL an “undesirable organization”, following an earlier decision by Russian tax authorities to begin bankruptcy proceedings against the outlet
Discussion: Voice of America
CNBC:
Lawsuit document: FuboTV sues Disney, Fox, and WBD over their planned joint venture in sports streaming, citing “extreme suppression of competition”
 Earlier Picks: 
Dade Hayes / Deadline:
As YouTube marks one year as Nielsen's top US streaming service, a Q&A with YouTube VPs Nicky Rettke and Tara Levy on the NFL, ad innovation, creators, and more
Bloomberg:
Sources: India's market regulator has found a $241M gap in Zee Entertainment's accounting
Bloomberg:
UMG pays $240M for a 25.8% stake in Chord, a company that owns 60K+ songs, giving UMG an outlet to invest in music catalogs without being the primary owner