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8:40 AM ET, March 21, 2024

Mediagazer

 Top News: 
CNBC:
Reddit priced its IPO at $34 per share, the top of its expected range, raising $519M and valuing the company at about $6.5B, ahead of its market debut  —  - Reddit priced its IPO on Wednesday at $34 a share, valuing the social media company at about $6.5 billion.
RELATED:
New York Times:
The Newhouse family's Advance is set to reap a $1.4B windfall when Reddit lists on the NYSE on Thursday; Advance's Condé Nast bought Reddit for $10M in 2006  —  The Newhouse family, which controls the Advance media empire, made a 2006 investment of $10 million in the social site, which plans to go public on Thursday.
Discussion: @stufalk
Daniel Thomas / Financial Times:
Sources: the BBC plans to build its own AI models, and is holding talks with tech companies, including Amazon, about selling its content for AI training  —  UK broadcaster seeks to build artificial intelligence models and negotiates with companies on content deal
more at Techmeme »
Jessica Toonkel / Wall Street Journal:
Sources: private equity firm Apollo Global Management has made an $11B offer to buy Paramount Global's film and TV studio  —  Offer comes as Paramount's directors are weighing merger with Skydance  —  Private-equity firm Apollo Global Management has made an $11 billion offer …
Ben Schoon / 9to5Google:
YouTube TV rolls out Multiview support on iOS and iPadOS, letting users watch four TV channels at once; Android support will roll out “in the coming months”  —  Google has confirmed that YouTube TV is now rolling out support for Multiview on the iPhone and iPad, but the feature won't arrive on Android for a while.
Richard Sandomir / New York Times:
Bill Jorgensen, a broadcast journalist who anchored The 10 O'Clock News on New York's Channel 5 for 12 years, died on March 13 at 96  —  Getting his start in the Midwest, he was best known for leading the New York broadcast “The 10 O'Clock News.”  —  Bill Jorgensen, a serious-minded broadcast journalist …
Cynthia Littleton / Variety:
A US federal judge dismisses DirecTV's lawsuit from March 2023 that accused Nexstar of engaging in price-fixing activity around the retransmission consent fees  —  A federal judge has dismissed the antitrust lawsuit that DirecTV filed against Nexstar last year accusing the TV station giant …
Zephyr Teachout / The Atlantic:
The TikTok divestment bill fits into a long and important US tradition of forbidding a hostile foreign power from controlling a major communication platform  —  America has a long history of shielding infrastructure and communication platforms from foreign control.
Benoit Berthelot / Bloomberg:
France's TF1 plans to expand its streaming platform to Belgium and Luxembourg in June 2024, and to French-speaking African countries in the next 18 months  —  - TF1+ will expand to more French-speaking markets this year  — CEO Belmer aims to grow base of advertisers for platform
Discussion: Broadband TV News
Lauren Forristal / TechCrunch:
NBCUniversal unveils new features coming to Peacock ahead of the Paris Olympics in July, including the ability to view up to four simultaneous matches  —  Today, during NBCUniversal's annual technology conference, One24, the company revealed a slew of features coming to its streaming service Peacock ahead …
 
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 More News: 
Todd Spangler / Variety:
Deloitte study: US consumers pay an average of $61 per month for four video streaming services, up 27% YoY; 36% say available content is not worth the price
David Gilbert / Wired:
X suspends the accounts of some journalists and researchers who posted the alleged real name of neo-Nazi cartoonist Stonetoss, after Stonetoss appealed to Musk
Chris Roush / Talking Biz News:
Gizmodo promotes Rose Pastore to executive editor; she joined Gizmodo in 2017 as science editor and formerly was news editor at Fast Company
Chris Roush / Talking Biz News:
Editorial workers at LexisNexis-owned Law360 walked off the job March 20 in a 24-hour work stoppage to protest layoffs; workers said Law360 cut 10% of the staff
 Earlier Picks: 
Reuters:
Prince Harry and others seek to amend their London lawsuit against News Group to include Rupert Murdoch personally in allegations of a cover-up of wrongdoing
 

 
From Techmeme:

Mark Gurman / Bloomberg:
Sources: an exec overseeing Siri told staff the delays were ugly, made worse by Apple publicly promoting the new features, and it's unclear when they will ship

Bloomberg:
Klarna files for a US IPO, with plans to list on the NYSE under KLAR, seeking to raise at least $1B and reportedly targeting a valuation of more than $15B

Abner Li / 9to5Google:
Google says Gemini will replace Google Assistant on Android phones in 2025, except on phones with Android 9 or earlier and that don't have at least 2GB of RAM
 
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