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5:35 AM ET, February 22, 2024

Mediagazer

 Top News: 
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  —  - 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.
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 …
RELATED:
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
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  —  Facebook parent Meta Platforms (META.O) on Thursday said it believes that a new Indonesia law does not require …
RELATED:
Ivan Mehta / TechCrunch:
Instagram launches its marketplace tool to connect brands with creators for paid partnerships or ads in eight new countries, including India, Japan, and the UK  —  Instagram said today that it is expanding its marketplace tool to connect brands with creators for paid partnerships or ads in eight new countries.
Discussion: B&T and Meta
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  —  More than two years after Alec Baldwin fired the deadly shot, questions persist about who was responsible for the accidental death …
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  —  Dana Walden undertakes a major shake-up at ABC News with hopes to stabilize the unit and showcase her mettle as a top decision-maker in Bob Iger's empire.
Discussion: New York Post
Reuters:
Sources: Reddit has inked a deal with Google to make its content available for training the search giant's AI models; source: the contract is worth ~$60M a year  —  Social media platform Reddit has struck a deal with Google (GOOGL.O) to make its content available for training …
 
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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
 Earlier Picks: 
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
 

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

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
 
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