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5:15 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
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
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 …
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 …
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.
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 …
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  —  Researchers and journalists have been blocked on X from sharing the alleged identity of the neo-Nazi cartoonist Stonetoss.
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 …
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: 
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
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
 

 
From Techmeme:

Lee-Anne Mulholland / The Keyword:
Google files its proposed remedies in the DOJ's search antitrust lawsuit, including letting browser companies have multiple default agreements across platforms

Andrew J. Hawkins / The Verge:
The US NHTSA suggests easing rules allowing for fully driverless cars and urges companies operating driverless cars to share more data for greater transparency

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
 
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