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4:58 PM ET, February 22, 2024

Mediagazer

 Top News: 
Jonathan Vanian / CNBC:
Reddit files for a US IPO, says it had revenue of $804M in 2023, up 20% YoY, and a net loss of $90.8M, compared to a net loss of $158.6M in 2022, and 73M DAUs  —  - Reddit on Thursday filed to go public.  — Its market debut will mark the first major tech initial public offering of the year …
RELATED:
Abner Li / 9to5Google:
Google strikes a deal with Reddit, reportedly for $60M/year, giving Google access to the Reddit Data API to surface more Reddit content and train AI models  —  Google today announced an “expanded partnership” with Reddit that sees it get access to the forum website's data for training and other product uses.
Alex Weprin / The Hollywood Reporter:
S-1: the Newhouse family's Advance owns 30.1% of Reddit, Tencent owns 11%, and Sam Altman owns 8.7%; post-IPO, the Newhouse family will hold two board seats  —  As the tech platform prepares for a public offering, it says that most of its revenue is from advertising, but touts artificial intelligence as a growth area.
more at Techmeme »
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Lachlan Cartwright / Hollywood Reporter:
Sources: Vice News editor Josh Visser told staff he gave execs including CEO Bruce Dixon a chance to deny rumors the site was shuttering, but has not heard back  —  Editor Josh Visser said he had given senior executives of the company, including CEO Bruce Dixon, an opportunity to deny rumors …
Max Tani / @maxwelltani:
[Thread] Engadget announces layoffs and a restructuring that separates news and features from reviews and buying advice; EIC Dana Wollman is leaving  —  Memo that went out to staffers at Engadget announcing layoffs today [image]
Tampa Bay Times:
Tim Burke is charged with 14 crimes related to alleged computer hacks at Fox News, including six counts of accessing a protected computer without authorization  —  Burke, a nationally recognized media consultant, is scheduled to appear in federal court Thursday in Tampa.
Dr Richard Fletcher / Reuters Institute for the Study of Journalism:
Analysis: at 2023's end, 48% of the top news websites in the US, the UK, and eight others had blocked OpenAI's crawler and 24% had blocked Google's AI crawler  —  In this factsheet we describe the proportion of top news websites in ten countries that block AI (artificial intelligence) crawlers.
Sara Fischer / Axios:
Substack says 3M+ customers subscribe to paid newsletters on its platform, up from 2M in February 2023, and credits its recommendations feature for the growth  —  - The company said it plans to expand the recommendations feature, which helps writers promote other newsletters in its network …
Charlotte Tobitt / Press Gazette:
A look at German tabloid Bild, whose paid tier, Bildplus, has 707K digital subscribers and has grown subscribers by buying rights to boxing matches not on TV  —  Bundles and sports livestreams help, but journalism drives most subscriptions for Bild.  —  The head of the digital subscriptions strategy …
 
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 More News: 
Sheila Dang / Reuters:
Google plans to integrate Gemini into its Performance Max ad placement tool, helping brands generate longer headlines, after adding Gemini to Google Workspace
Stanley Widianto / Reuters:
Meta says “we understand Meta will not be required to pay for news content that publishers voluntarily post to our platforms” in Indonesia under a new law
more at Techmeme »
Lucas Manfredi / The Wrap:
Amazon says there are “no changes” coming to Freevee, following reports that the company plans to shutter its FAST service in the coming weeks
Ivan Mehta / TechCrunch:
Instagram debuts its marketplace tool to connect brands and creators for partnerships or ads in Canada, Australia, New Zealand, the UK, Japan, India, and Brazil
Lachlan Cartwright / The Hollywood Reporter:
A look at Dana Walden's reorganization of ABC News, which is an effort to stabilize the unit and showcase her mettle as a top decision-maker at Disney
 Earlier Picks: 
Meg James / Los Angeles Times:
The first trial in the death of a cinematographer on the set of Rust begins; weapons handler Hannah Gutierrez pleads not guilty to involuntary manslaughter
Sara Fischer / Axios:
BuzzFeed sells Complex, acquired for $300M in 2021, to livestream shopping platform Ntwrk for $108.6M; BuzzFeed plans to lay off 16% of its workforce
 

 
From Techmeme:

Gavin Anderegg / anderegg.ca:
Bluesky is working to become fully decentralized but it could take years amid financial concerns as it makes money only by selling domains for usernames

Wall Street Journal:
Sources: T-Mobile's network was among the systems hacked by the China-linked Salt Typhoon group, and some foreign telecommunications firms were also compromised

Wall Street Journal:
Sources: ByteDance is valuing itself at about $300B as part of a recent buyback offer, one of its highest valuations ever
 
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