Mediagazer: 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 (Richard Sandomir/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.

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 …

Discussion: Ad Age, 9to5Google, NBC Sports Pressbox, Variety, The Streamable, Engadget, Sportico, Media Play News, The Hollywood Reporter, Awful Announcing, The Verge and Cord Cutters News

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

Discussion: @bcoeure, Associated Press, @samuelstolton, Ars Technica, Fortune, The Verge, @bcoeure, TechCrunch, The Guardian and Reuters, more at Techmeme »

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 …

Discussion: Pew Research Center, @pewresearch, @pewresearch, @pewresearch, Fox News, Pew Research Center's …, The Hill and Axios

Sara Guaglione / Digiday:

LGBTQ+ publisher Q.Digital has acquired Outsports from Vox Media's SB Nation in an all-stock deal; all seven members of the Outsports team moved to Q.Digital — LGBTQ+ publisher Q.Digital has acquired Outsports from Vox Media. The deal was an all-stock equity transaction in which the co-founders …

Discussion: Outsports, Q.Digital, Inc., Dawn Ennis on LinkedIn, Digiday on LinkedIn and Awful Announcing

Mark Stenberg / Adweek:

Penske Media is exclusively selling Vox Media's ad inventory in Canada, making them the second-largest source of digital media inventory in Canada, per Comscore — The partnership comes 1 year after PMC invested $100 million in the company — Penske Media Corp., which owns a portfolio …

Discussion: Mark Stenberg on LinkedIn and Dan Owen on LinkedIn

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 …

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 — Lawyers for Britain's Prince Harry and other claimants sought on Wednesday to amend their London lawsuit against Rupert Murdoch's …

Discussion: The Daily Beast, The Guardian, @binvestigates, Press Gazette and @davidfolkenflik

Andrew Marchand / The Athletic:

A look at ESPN's plans for its standalone streaming service, which sources say the company aims to launch in 2025, costing $25 to $30 per month — With ESPN's direct-to-consumer plan, the network is attempting to uphold its mission statement of, “Serving sports fans. Anytime. Anywhere."

Discussion: The Streamable, Sports Media Watch, @benmillermke, @ronbohning, Front Office Sports and Rolling Stone

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