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7:30 PM ET, February 21, 2024

Mediagazer

 Top News: 
Sara Fischer / Axios:
BuzzFeed sells Complex, which it acquired for $300M in 2021, to livestream shopping platform Ntwrk for $108.6M; BuzzFeed plans to lay off 16% of its workforce  —  - The Wall Street Journal reported that BuzzFeed is also looking to possibly sell its social media food brand Tasty.
Corbin Bolies / The Daily Beast:
Newsmax joins the New York Post's editorial board and other right-leaning outlets criticizing a pair of Florida bills making it easier to sue for defamation  —  The cable channel joins a growing list of right-wing outlets bashing Florida GOP legislation that takes square aim at the news media.
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
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 …
Katie Paul / Reuters:
Israel-based BRIA, a Getty-backed AI image generation startup that licenses 1B+ images from 18 stock providers, raised a $24M Series A from Publicis and others  —  A “responsible” AI image generation startup backed by stock photo provider Getty Images (GETY.N) has raised $24 million in a Series …
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
Margi Murphy / Bloomberg:
A profile of ElevenLabs, whose AI voice cloning tech is being used to spoof politicians; five of the startup's 40 employees are dedicated to trust and safety  —  ElevenLabs' technology is already being used to spoof political candidates and promote scammy products.
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  —  Game on!  Apple launched a free standalone app for sports fans, Apple Sports, which is engineered to fire scores and stats to your iPhone as quickly as possible.
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.
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
 
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 More News: 
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
 Earlier Picks: 
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
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
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
CNBC:
Lawsuit document: FuboTV sues Disney, Fox, and WBD over their planned joint venture in sports streaming, citing “extreme suppression of competition”
 

 
From Techmeme:

Stephanie Palazzolo / The Information:
An undisclosed 2023 agreement between Microsoft and OpenAI defines achieving AGI as the point when OpenAI develops AI systems that generate $100B+ in profits

Noah Smith / Noahpinion:
How H-1B workers from India and other countries help the US remain dominant in tech, as some on the new “Tech Right” discover MAGA's racial-nationalist bigotry

Shubham Sharma / VentureBeat:
DeepSeek releases DeepSeek-V3, an open-source MoE model of 671B total parameters, with 37B activated per token, claiming it outperforms top models like GPT-4o
 
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