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11:20 AM ET, March 19, 2024

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 Top News: 
New York Times:
Trump sues ABC and George Stephanopoulos for defamation over Stephanopoulos's on-air remarks that Trump had been found liable for raping E. Jean Carroll  —  The lawsuit stems from the anchor's recent contentious interview with Representative Nancy Mace.  —  Former President Donald J. Trump filed …
Becky Quick / CNBC:
George Lucas backs Bob Iger in the proxy battle between Disney and activist investor Nelson Peltz; sources say Lucas is Disney's largest individual shareholder  —  - Filmmaker and Hollywood legend George Lucas is endorsing Walt Disney CEO Bob Iger in the bitter proxy battle launched by activist investor Nelson Peltz.
Foo Yun Chee / Reuters:
EU DMA hearing: a Meta lawyer says Meta offered to cut its EU monthly subscription for Facebook and Instagram from €9.99 to €5.99 to address regulatory concerns  —  Meta Platforms (META.O) has offered to almost halve its monthly subscription fee for Facebook and Instagram to 5.99 euros …
Reuters:
After oral arguments, SCOTUS appeared wary of curbing US government contacts with social media platforms in the First Amendment case of Murthy v. Missouri  —  U.S. Supreme Court justices on Monday appeared skeptical of a challenge on free speech grounds to how President Joe Biden's administration …
Stuart Dredge / Music Ally:
Spotify: in 2023, 66K artists received $10K+, up from 57K in 2022, with 50%+ from non-English speaking countries, while 11,600 got $100K+, and 1,250 got $1M+  —  - Click to email a link to a friend (Opens in new window)  —  Every year, Spotify updates its Loud & Clear website with new data about its music payouts.
Nieman Lab:
Wall Street Journal:
A profile of ESPN chairman Jimmy Pitaro, who races to reinvent ESPN's business by pursuing multiple streaming strategies at once amid a collapse of cable TV  —  Cable TV's collapse is forcing the Disney property out of its comfort zone, from hiring risky talent to a streaming gambit that ticked off the NFL
Graciela Mochkofsky / New York Times:
The cost of a journalism education has become an insurmountable barrier for just the kind of people the industry needs most; j-schools need to go tuition free  —  Many uncertainties haunt the field of journalism today — among them, how we can reach our audience, build public trust in our work, and who is going to pay for it all.
Alex Weprin / The Hollywood Reporter:
Andy Borowitz relaunches his column The Borowitz Report on Substack; paying subscribers will get additional longer-form content, live chats, and more  —  Just a few months after parting ways with The New Yorker, the satirist is planning a newsletter, live chats, and perhaps even a podcast.
Patrick Frater / Variety:
Tencent Music reports Q4 revenue down 7% YoY to $971M and a $198M profit; in 2023, paying subscribers rose 21% YoY to 107M and net profit rose 36% YoY to $735M  —  Net profits at Tencent Music Entertainment, China's largest digital music company, climbed 36% to reach $735 million (RMB5.22 billion) …
Discussion: Tencent Music
 
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 More News: 
Todd Spangler / Variety:
Hollywood analysts and marketers say any potential upside from a TikTok ban would be lessened by the loss of the app's marketing power for new movies and shows
Discussion: IndieWire and Quartz
Adweek:
Adweek appoints Ryan Joe as editor-in-chief; Joe joins from Business Insider, where he has spent the last three years as its advertising editor
 Earlier Picks: 
Todd Spangler / Variety:
YouTuber MrBeast announces a deal with Prime Video for Beast Games, a reality-competition show with 1,000 contestants, promising the winner a $5M cash prize
Charlotte Tobitt / Press Gazette:
In an email to GB News staff following the Ofcom ruling, editorial director Michael Booker says staff need to “double down” on staying within the rules
Benjamin Mullin / New York Times:
Authentic Brands licenses Sports Illustrated's publishing rights to The Players' Tribune owner Minute Media for 10 years, with plans to keep the print edition