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9:15 PM ET, March 20, 2024

Mediagazer

 Top News: 
New York Times:
The Newhouse family's Advance is set to reap a $1.4B windfall on Thursday when Reddit is listed on the NYSE; 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.
RELATED:
CNBC:
Reddit priced its IPO at $34 a share, the top of its expected range, bringing in $519M and valuing the company at about $6.5B  —  - Reddit priced its IPO on Wednesday at $34 a share, valuing the social media company at about $6.5 billion.  — The company priced at the top of its expected range, which was $31 to $34 a share.
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 …
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 …
Samuel Stolton / Bloomberg:
France fines Google €250M for not keeping its 2022 pledge on fair deals with media outlets, including training Gemini on articles without notifying publishers  —  - Firm also accused of breaking other commitments in news case  — Google says the fine is disproportionate despite it settling
Hanaa' Tameez / Nieman Lab:
Pew survey of 5,078 US Hispanic adults: 54% get their news in English and 21% get their news in Spanish, while just 23% consume news in both languages equally  —  A new Pew Research Center study published Tuesday shows that while Latinos in the United States are largely online news consumers …
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 …
Richard Luscombe / The Guardian:
PEN America donates emergency funds for Palestinian writers and invites critics to meet with its leadership to discuss PEN's response to the Israel-Gaza war  —  The writers group is also making a ‘substantial financial contribution’ to fund for distribution to Palestinian writers
Discussion: PEN America and Literary Hub
 
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 More News: 
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
Ivan Mehta / TechCrunch:
Bengaluru-based audio platform Pocket FM, which offers series with short episodes, raised a $103M Series D led by Lightspeed, a source says at a $750M valuation
 Earlier Picks: 
Jon Keegan / The Markup:
A data journalist details using ChatGPT as a reporting assistant: the AI tool is a good coding partner but ignores basic instructions on sourcing and citations
New York Times:
Like Gannett, McClatchy plans to stop using The AP's news feed, publishing no AP content after March 31; McClatchy will continue to use AP election results data
Tim Baysinger / Axios:
ESPN signs a six-year extension worth $7.8B to remain the sole TV partner for the College Football Playoff through the 2031-32 season
 

 
From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November
 
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