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7:00 AM ET, March 16, 2024

Mediagazer

 Top News: 
Lucas Manfredi / The Wrap:
Amid its proxy fight, Disney reveals the return on investment for its franchises: 9.9x for Frozen, 5.5x for Toy Story, 3.3x for Marvel, and 2.3x for Star Wars  —  The tentpoles have generated $11.6 billion and $13.2 billion in value, respectively, since their $4 billion acquisitions in 2009 and 2012
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
Houston Landing:
Houston Landing CEO Peter Bhatia names Austin-American Statesman Executive Editor Manny García as new editor in chief and Angel Rodríguez as managing editor  —  - Click to email a link to a friend (Opens in new window) … Manny García is the new editor in chief of Houston Landing …
Amanda Silberling / TechCrunch:
Gumroad, an e-commerce company for creators, updates its rules to more strictly limit NSFW content, citing policies of payment processors like Stripe and PayPal  —  Gumroad, an e-commerce company for creators, updated its rules to more strictly limit NSFW content, citing restrictions from payment processors like Stripe and PayPal.
Committee to Protect Journalists:
CPJ calls on Pakistan authorities to release journalist Asad Ali Toor, return his devices, and cease harassing him for his work; he was arrested February 26  —  Pakistan authorities must immediately and unconditionally release independent journalist Asad Ali Toor, return his devices …
Ernie Smith / Tedium:
Deadspin's new owner, Lineup Publishing, shares an IP address with a Finnish casino spam blog and is hosted in Malta, which is known as an online gambling haven  —  I am so obsessed with trying to figure out who Deadspin's new owners are that it led me to some late night spam-blog sleuthing.
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 …
Financial Times:
Sources: RedBird IMI is leaning toward selling the Telegraph Media Group or it may bring in US investors to replace Abu Dhabi's cash  —  Venture between US-based RedBird and Abu Dhabi's IMI is aiming to recoup £600mn investment  —  RedBird IMI is leaning towards a full sale …
Discussion: Bloomberg, The Guardian and Mediaite
 
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 More News: 
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
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
Discussion: The Economic Times
Wired:
Interviews with 60+ people, including current and ex-Reddit employees and moderators, document Reddit's history, attempts to imitate Clubhouse and Twitch, more
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
 Earlier Picks: 
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
 

 
From Techmeme:

Bloomberg:
Sources: Canadian authorities arrest Alexander “Connor” Moucka, who is allegedly behind the June and July 2024 hacks of up to 165 Snowflake users including AT&T

Juli Clover / MacRumors:
iOS 18.2's second developer beta shows a “daily limit” for free access to “advanced” ChatGPT via Siri and an option to upgrade to ChatGPT Plus in Settings

Mark Gurman / Bloomberg:
Sources: Apple is exploring a push into smart glasses by conducting an internal study, codenamed Atlas, to gather employee feedback on products on the market
 
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