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1:00 PM ET, March 15, 2024

Mediagazer

 Top News: 
Washington Post:
The TikTok bill likely will spur a battle over the First Amendment and national security if it becomes law; TikTok's CEO vows to use the company's legal rights  —  The forced-sale measure has reinvigorated a debate over speech, national security and government power.
RELATED:
Taylor Lorenz / Washington Post:
Small-business owners, educators, and activists who rely on TikTok say the US House measure forcing a sale or ban threatens their livelihoods and the economy  —  Small-business owners, community advocates and educators spoke out Wednesday after the House overwhelmingly approved a measure to ban the popular app
Alexandra Alter / New York Times:
American Library Association report says book challenges reached a record high on 4,240 in 2023, up from 2,571 in 2022  —  Book challenges around the country reached the highest levels ever recorded by a library organization.  —  After several years of rising book bans …
Peter White / Deadline:
Former Apple and Hulu executive Peter Distad is named CEO of the sports-focused streaming joint venture backed by Disney, Fox, and Warner Bros. Discovery  —  The upcoming sports streaming service from Disney, Fox & Warner Bros. Discovery has found its boss.
Varun Vyas / Reuters:
Disney's Star India starts arbitration proceedings against Zee Entertainment for alleged non-compliance with the terms of a cricket broadcasting agreement  —  Walt Disney (DIS.N)-owned Star India has started arbitration proceedings against Zee Entertainment Enterprises (ZEE.NS) …
Discussion: The Economic Times
Financial Times:
Sources: TikTok's US revenue hit a record $16B in 2023 while ByteDance saw revenue grow ~40% YoY to $120B in 2023 and recorded a $28B net profit  —  Parent company ByteDance on track to become world's biggest social media group with $120bn in global sales  —  TikTok has hit $16bn in sales in the US …
Benjamin Mullin / New York Times:
Sports Illustrated's operators told staff the magazine would end its print edition after May; the message runs counter to owner Authentic Brands' earlier stance  —  Its operators made a newsroom announcement, but the outcome is uncertain since the owner has signaled it wants the magazine to endure.
Wired:
Interviews with 60+ people, including current and ex-Reddit employees and moderators, document Reddit's history, attempts to imitate Clubhouse and Twitch, more  —  An army of more than 60,000 unpaid moderators has unprecedented power over Reddit.  The company's future hinges on whether they can coexist with Wall Street's expectations.
Emma Roth / The Verge:
Spotify emails the European Commission to say Apple is holding up an iPhone app update that adds pricing information and links to its subscription options  —  In an email to the European Commission obtained by The Verge, Spotify writes that Apple has “neither acknowledged nor responded …
 
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 More News: 
Steve Knopper / Billboard:
Universal Music changed Pandora royalty payments from a 50% split via SoundExchange to often-smaller splits paid directly by UMG, hurting newer artists' revenue
Discussion: Music Ally
Todd Spangler / Variety:
Pornhub blocks access to users in Texas, after a federal appeals court upheld a Texas law last week requiring porn sites to institute age-verification measures
Steven Monacelli / Nieman Lab:
Advantage Informatics, which has a contract with Gannett to provide “advertorial content”, has deep ties to “pink slime” sites from Brian Timpone's Metric Media
 Earlier Picks: 
Todd Shields / Bloomberg:
The FCC adopts a rule requiring cable and satellite TV providers to show the total price in ads and bills, including fees for regional sports programming
 

 
From Techmeme:

Gleb Bryanski / Reuters:
Russia's finance minister says Russian companies have begun using bitcoin and other digital currencies in international payments to counter Western sanctions

Qwen:
Alibaba's Qwen unveils QvQ-72B-Preview, an experimental research model focused on “enhancing visual reasoning capabilities”, built upon Qwen2-VL-72B

Bloomberg:
Taiwan's FTC blocks Uber's $950M acquisition of Delivery Hero's Foodpanda, arguing it would decrease competition as their combined market share would be 90%+
 
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