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10:45 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.
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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.
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
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.
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 …
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 …
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 …
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 …
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
 Earlier Picks: 
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
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
 

 
From Techmeme:

Kinling Lo / Rest of World:
A look at the adoption of DeepSeek across China, as Chinese automakers, smartphone sellers, and others rush to build services on top of the homegrown AI model

Steven Levy / Wired:
Meta's effort to neutralize Sarah Wynn-Williams' book, filled with gossipy anecdotes, feels less about defending its reputation than a need to punish a defector

Francisco Rodrigues / CoinDesk:
21Shares plans to liquidate two actively managed bitcoin and ether futures ETFs, following $1.66B in outflows from US-listed spot bitcoin ETFs this month
 
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