Top News:
Jonathan Vanian / CNBC:
Reddit files to list its IPO on the NYSE, reporting revenue up 20% YoY to $804M in 2023, net loss down 43% YoY to $90.8M, 73M DAUs, and a $3.42 global ARPU — - Reddit on Thursday filed to go public. — Its market debut will mark the first major tech initial public offering of the year …
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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.
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Wall Street Journal:
Internal memo: Vice Media “will no longer publish content on vice.com” and may partner with established media companies to distribute its content — Cuts follow failed effort by owner Fortress to sell embattled digital publisher and its brands — Vice Media said it would stop …
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Benjamin Mullin / New York Times:
Internal memo: Vice Media executives plan to lay off hundreds of its 900+ employees over the next week, and the company is in advanced talks to sell Refinery29 — Vice Media, which emerged from bankruptcy last year, is planning to cut hundreds of its more than 900 employees, according to people familiar with the matter.
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.
Discussion:
The Desk, New York Post, Freedom of the Press …, Rolling Stone, The Wrap, Mediaite, Awful Announcing, CNN, @willsommer, @mathewi, @Naureckas@mastodon.world, Daily Mail, @carlfranzen, @matthewkeyslive, @oliviacgeorge, @oneunderscore__@threads.net, @martinbowling, @jordanuhl, @ryanlcooper.com, The Daily Beast, @tessastuart, @collinsherwin, @matthewkeyslive, @chathamharrison.bsky.social, @ralphamsden and @kthorjensen
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]
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 …
Discussion:
On Substack, The Verge, @alex, TechCrunch, Ebony Lewkovitz on LinkedIn, @substackinc, @sarafischer and @mattnavarra@threads.net
Michael McCarthy / Front Office Sports:
Sources: Amazon paid $120M for exclusive rights to show a 2025 NFL playoff game on Prime Video; NBCU paid $110M for a January 2024 NFL playoff game on Peacock — Out of the Big Four tech giants, Amazon is the most ambitious about invading live sports. The giant streamer is opening …
Discussion:
Mediaite, Barrett Media, The Streamable, Deadspin, The Desk and Awful Announcing, more at Techmeme »
Jessica Testa / New York Times:
A look at Alex Cooper's media movies beyond Call Her Daddy, as her company Unwell adds new podcasts and hosts, develops merch, and begins producing live events — The success of Alex Cooper's “Call Her Daddy” podcast has birthed a new media company. Can this millennial solve the riddle of what Gen Z wants?
Dana Afana / Detroit Free Press:
Detroit told the Detroit Free Press that its FOIA request would cost $17K+, another case of Michigan FOIA allowing public bodies to hide behind prohibitive fees — After officials and artists responsible for seven murals across Detroit remained quiet about the project's controversial fallout …
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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