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.
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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.
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The Guardian, Los Angeles Times, TechCrunch, CNN, Reddit, Wall Street Journal, Barron's Online, The Verge, The Information, Business Insider, Financial Times, Reuters, Axios, Axios, Proactive, MarketWatch, Forbes, New York Times, @waxmonkey.bsky.social, @katie_roof, Bloomberg, @josh.uno, Quartz, @lorakolodny@threads.net, @akhenosiris, Shacknews and Sportico, 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 …
Discussion:
The Wrap, The Information, New York Post, TrekMovie.com, Forbes, Dan Rayburn on LinkedIn, Variety, Jessica Toonkel on LinkedIn, TheDesk.net on LinkedIn, @lucas_shaw, Deadline, The Desk, @nycsouthpaw@threads.net, Los Angeles Times, The Hollywood Reporter, Next TV, Bloomberg and Cord Cutters News, more at Techmeme »
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
Discussion:
@bcoeure, Associated Press, @samuelstolton, Ars Technica, Fortune, The Verge, @bcoeure, TechCrunch, The Guardian and Reuters, more at Techmeme »
David Gilbert / Wired:
X suspended accounts of some journalists and researchers who posted the alleged real name of neo-Nazi cartoonist Stonetoss after Stonetoss appealed to Elon Musk — Researchers and journalists have been blocked on X from sharing the alleged identity of the neo-Nazi cartoonist Stonetoss.
Discussion:
@westmm4028, @mattbinder, @jaredlholt, @stevanzetti, @gwensnyderphl, @tom___scott, Anthony Duignan-Cabrera on LinkedIn, @daithaigilbert, @daithaigilbert, @daithaigilbert, Anonymous Comrades Collective, @hannahgais, @osomatic.bsky.social, @SteveThompson@mastodon.social, @JoshuaHolland@mastodon.social, @AnarchoNinaAnalyzes …, @jalefkowit@octodon.social and Vanity Fair
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 …
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
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 — Streaming video services continue to face challenges like high costs, high churn rates and competition from other media …
Discussion:
@teena_maddox, Christian Toto on LinkedIn, Breitbart, Quartz, IndieWire, @xpangler and Business Insider
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
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:
Dan Owen on LinkedIn and Mark Stenberg on LinkedIn
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
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PEN America and Literary Hub
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