Mediagazer: 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 (PA Media)

10:10 AM ET, March 5, 2024

Top News:

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 — iPhone maker hit by first-ever Brussels fine as competition watchdogs step up scrutiny of Big Tech

Apple:

Apple says Spotify was the “primary advocate” and “biggest beneficiary” of the EU's ruling, Spotify pays Apple nothing, and that “free isn't enough for Spotify” — CUPERTINO, CALIFORNIA Today, the European Commission announced a decision claiming the App Store …

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

Discussion: Advanced Television and Broadband TV News

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

Discussion: Mediaite, @rasmus_kleis, Nick Manning on LinkedIn, @carolvorders, @otto_english, @seaninsound and @jamesrbuk

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+ — The streamer's paid sharing initiative will launch later this year, with a broader rollout in 2025

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Lucas Shaw / Bloomberg:
While HBO hit streaming DTC profitability under David Zaslav, via licensing to Netflix, slashing marketing, layoffs, and more, WBD's stock is down 25%+ YTD

Discussion: Appleosophy, @lucas_shaw, @lucas_shaw, @jalefkowit@octodon.social, @masasoncap, @lucas_shaw, @tvgrimreaper and Fox Business

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 — In a letter to the publisher, a union leader said the leak probe has singled out employees ‘for their national origin, ethnicity and race’

Discussion: @maxwelltani, Semafor, American Crisis, @jeremymbarr, @willsommer, @john_hudson, @nickatnews, @yehyabrown, Media Nation, HuffPost, @dangillmor@mastodon.social, @estelle@techhub.social, Vanity Fair and The Wrap

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

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 — The 5 million mark will be where the JV “settles after five years,” Murdoch said, speaking Monday at the 2024 Morgan Stanley Technology, Media & Telecom Conference in San Francisco.

Discussion: Deadline, Poynter, @jbflint, New York Post, Sports Media Watch, Sportico, @jbflint, Business Insider, @sherman4949, The Streamable, The Desk, Reuters, The Wrap, Awful Announcing, Media Play News and Bloomberg

Elizabeth A. Harris / New York Times:

Authors Equity, a US book publisher from former Penguin Random House and Macmillan executives, launches with plans to give authors the “lion's share” of profits — Authors Equity is tiny but has big industry names behind it. Its founders hope their profit-sharing approach and experience will entice authors.

Discussion: Publishing Perspectives, Wall Street Journal and The Bookseller

Jane Elizabeth / Nieman Lab:

A look at the Chicago Public Media merger with Chicago Sun-Times two years later: newsroom and staff compensation grew, Sun-Times dropped paywall, and more — After a $61 million acquisition by public media, Chicago-Sun Times readers get free content and the newsroom has grown.

Discussion: American Press Institute, Holly Edgell on LinkedIn and @philmeyer@newsie.social

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 …

Discussion: Press Gazette, The Desk, The Media Leader, Financial Times, Deadline, The i Paper, Telegraph, @mediaguido, @mediaguido, @scottygb, Guido Fawkes and TVBEurope

Max Goldbart / Deadline:

Ofcom has “significant concerns about GB News' editorial control of its live output” after finding GB News in breach over Laurence Fox's misogynistic comments — Ofcom has said it has “significant concerns about GB News' editorial control of its live output” …

Discussion: Byline Times, Ofcom, Variety, @alistaircoleman, @parody_pm, @drmatthewsweet, Financial Times, Guido Fawkes, Mediaite, HuffPost, The Guardian, Broadband TV News, Advanced Television and Press Gazette

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

Discussion: Deadline, Broadband TV News and TVBEurope

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Clara Aberneithie / Press Gazette:
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Earlier Picks:

Bron Maher / Press Gazette:
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Discussion: @pressgazette, @semaforben, Semafor and Semafor

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Chris Mortensen, an award-winning journalist who reported on the NFL for ESPN since 1991, died on March 3 at age 72; Mortensen was diagnosed with cancer in 2016

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An India-based content farm impersonates 60+ major media outlets, including the BBC and CNN, reposting articles and selling advertorial slots for press releases

Discussion: Ax Sharma on LinkedIn and @BleepingComputer …

Reece Rogers / Wired:
As music from Universal Music Group artists disappears from TikTok, creators turn to royalty-free, almost-contextless sound clips

Discussion: @wired, @wiredculture and @crowslabyrinth@threads.net

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From Techmeme:

Gavin Anderegg / anderegg.ca:
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Wall Street Journal:
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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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