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3:45 PM ET, February 28, 2024

Mediagazer

 Top News: 
Manish Singh / TechCrunch:
Reliance and Disney merge their media businesses in India, creating the country's largest media conglomerate; Reliance values it at $8.5B and will invest $1.4B  —  Reliance, its portfolio Viacom18 and Disney are merging their media businesses in India, creating the largest media entity in the South Asian market.
RELATED:
Jeremy Barr / Washington Post:
Mehdi Hasan raises $4M to launch Zeteo, a digital media company on Substack, offering a weekly streaming show he hosts, contributor pieces, a podcast, and more  —  Hasan, whose MSNBC cancellation triggered an outpouring from fans, follows other political pundits who have struck out on their own
Jake Kanter / Deadline:
A group of top journalists, including from CNN, BBC, and CBS, sign an open letter asking Israel and Egypt to provide foreign media “unfettered access” to Gaza  —  A group of top international journalists have joined forces to demand that Israel and Egypt provide foreign media with “unfettered access” to Gaza.
Alexandra Bruell / Wall Street Journal:
Sources: Essence Magazine's parent company is in talks to buy Refinery29 from Vice Media, which acquired the women's lifestyle site in 2019 for $400M  —  Vice, which acquired the women's lifestyle site in 2019 for $400 million, is retrenching under new ownership
Angelique Jackson / Variety:
Study: 77 of the top 100 top-grossing domestic films in the US in 2023 featured more male characters than female characters in speaking roles  —  The latest 'It's a Man's (Celluloid) World' report shows 77% of movies had more male than female characters  —  A new study indicates that the tenets …
Discussion: Screen Rant, IndieWire and Deadline
Los Angeles Times:
Netflix names Dan Lin, the producer of the Lego movies and the live-action adaptation of Avatar: The Last Airbender, as head of film, replacing Scott Stuber  —  Netflix announced Wednesday that film producer Dan Lin has been tapped as chairman of the streaming company's film division, replacing longtime movie chief Scott Stuber.
Lachlan Cartwright / The Hollywood Reporter:
Source: Disney held talks in 2015 and 2016 about buying Vice for $3.4B; Shane Smith is believed to be paid millions in a 2019 deal finishing at the end of 2024  —  How did a Brooklyn media giant valued at $5.7 billion just a few years ago wind up going bankrupt and folding its newsroom?
Dara Kerr / NPR:
Time owner Marc Benioff tells a reporter, who is looking into his Hawaii land acquisition, that he knows where she is staying and her family's personal details  —  WAIMEA, Hawaii — A life-size bronze statue of a cowboy sits at the center of Waimea.  The cowboy is riding a horse, lasso in hand, pursuing a wild bull.
Charlotte Tobitt / Press Gazette:
Magazine and newspaper subscription app Readly had 464K full-paying subscribers at the end of 2023, up 2.7% YoY, and a £9.10 ARPU, up from £7.80 in 2022  —  Readly CEO Philip Lindqvist says there is still “ample” room to grow in UK and Europe.  —  The chief executive of …
 
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 More News: 
Benjamin Mullin / New York Times:
Sources: The Center for Public Integrity is considering merging with a competitor or shutting down, after falling ~$2.5M short of its $6M budget goal for 2023
Wall Street Journal:
Sources: TikTok reached out to Universal with a proposal the music company felt didn't address its concerns on compensation, platform safety, or AI protections
Newshub:
WBD proposes shutting down Newshub, one of New Zealand's major newsrooms, on June 30, as part of which ~200 journalists and other staff could lose their jobs
 Earlier Picks: 
Byron Tau / Wired:
A look at some government contractors that are helping US intelligence agencies and others use targeted mobile ads to track down people
Alexis Ong / The Verge:
A look at the underground floppy disk music scene; Discogs data shows 500+ floppy music releases in the 2020s, more than in the 1980s, 1990s, and 2000s combined
 

 
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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