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1:25 PM ET, March 5, 2024

Mediagazer

 Top News: 
Tara Cobham / The Independent:
Presenter Dan Wootton says he's left GB News to launch an independent platform after Ofcom ruled misogynistic comments made on his show broke broadcasting rules  —  Mr Wootton's name no longer features in the channel's list of presenters on its website  —  Dan Wootton is out at GB News …
Daniel Thomas / Financial Times:
Filing: GB News owner All Perspectives has been forced to provide a further £41M in funding to cover operating costs, and is now owed £83.8M by GB News  —  Vehicle backed by hedge fund tycoon Paul Marshall steps in as right-leaning broadcaster increases number of staff
RELATED:
Bron Maher / Press Gazette:
GB News reports year to May 2023 revenue up 80% YoY to £6.7M, losses up 38% YoY to £42.4M, for £76M in losses since 2021, and 295 staff, up from 175 in May 2022  —  Losses in the latest accounting period were six times greater than revenue.
Jesse Whittock / Deadline:
Source: Amazon Prime Video plans to lay off less than 5% of its staff across its European offices, as part of a restructure impacting Europe, MENA, and Africa  —  EXCLUSIVE: Prime Video is today beginning job consultations with staff in Europe, we hear.  —  It's understood a figure of less …
Discussion: The Desk
Dan Primack / Axios:
TollBit, a startup whose two-sided marketplace lets publishers make their content available to AI companies for a fee, raised ~$7M in pre-seed and seed funding  —  Sometimes there's a simple solution to an intractable problem.  The sort of thing that feels obvious, but only in retrospect.
Discussion: TollBit
David Pierce / The Verge:
Google rolls out new changes to its Search ranking to help surface good content, downrank content that summarizes others' work, and more, as AI content spreads  —  Google is rolling out a few new changes to its ranking systems in search, which are designed to help surface good content …
A. G. Sulzberger / Reuters Institute:
The NYT publisher's 2024 Reuters Memorial Lecture: journalistic independence, the Ukraine and Israel-Hamas wars, trans issues, being open to criticism, and more  —  It's an honour to be here to deliver this year's memorial lecture.  The Reuters Institute has been an invaluable resource …
Bloomberg:
Vivendi's Canal+ increases its bid for South Africa's MultiChoice by almost a fifth, valuing MultiChoice's shares at $2.9B, and enters exclusive takeover talks  —  - Vivendi's Canal+ is working with JPMorgan, Bank of America  — Vivendi says its committed to JSE listing, transformation
Daniel Thomas / Financial Times:
Reach reports FY 2023 revenue down 5% YoY to £568.6M, pre-tax profit down 45% YoY to £36.7M, and digital page views down 24% YoY due to Meta's 2023 news rules  —  UK publisher's profits dive after decline in digital readership, but deal reached over pension commitments
Discussion: Press Gazette and Reach plc
PA Media:
TalkTV plans to close down its linear TV channel in early summer 2024 and go online only, weeks after Piers Morgan left his daily show on the channel  —  Move announced by News UK venture comes weeks after Piers Morgan left his daily show on channel  —  TalkTV will be taken off air …
 
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 More News: 
Clara Aberneithie / Press Gazette:
An interview with ITN CEO Rachel Corp, who says the news cycle has become “absolutely relentless”, taking a toll on the mental health of journalists
Lucas Manfredi / The Wrap:
Warner Bros. Discovery plans to start cracking down on Max password sharing later this year with a wider rollout in 2025, joining rivals Netflix and Disney+
 Earlier Picks: 
Todd Spangler / Variety:
Fox CEO Lachlan Murdoch says the Fox, Disney, and WBD sports streaming joint venture is anticipating signing up 5M customers in the first five years
Laura Wagner / Washington Post:
The NewsGuild of New York accuses the NYT of targeting staff with Middle Eastern or North African backgrounds in a investigation into October 7 coverage leaks
Javier Espinoza / Financial Times:
The EU Commission fines Apple €1.8B for stifling competition from rival music streaming services, the EU's third-largest antitrust fine; Apple plans to appeal
 

 
From Techmeme:

Mark Gurman / Bloomberg:
Sources: Apple and OpenAI are preparing a major announcement of their partnership at WWDC; the new AirTag with a better chip is scheduled to arrive by mid-2025

Sam Altman / @sama:
Sam Altman says he is embarrassed that there was a provision about potential equity cancellation in exit docs, and OpenAI never took back anyone's vested equity

Wall Street Journal:
Sources: US officials have told Google, Meta, and others about concerns that undersea cables could be vulnerable to tampering by China-owned repair ships
 
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