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1:20 PM 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:
Brian Steinberg / Variety:
How advertisers are trying to tie their ads to business outcomes, like a purchase, instead of ratings: in November, Fox guaranteed Netflix social media activity  —  Nearly every commercial that runs on TV is backed by a guarantee of how big an audience will watch it.
Andrew Deck / Nieman Lab:
How The Intercept, Alternet, and Raw Story are using the Digital Millennium Copyright Act in suits against OpenAI, possibly serving as a model for other sites  —  Raw Story, AlterNet, and The Intercept are among the first smaller publications to go up against the AI goliath for copyright violations.
Molly Bohannon / Forbes:
A super PAC backing Ted Cruz got ~$215K from iHeartMedia, earned from selling ads for Cruz's podcast; Cruz had likened his show to cable news appearances  —  A super PAC affiliated with Sen. Ted Cruz reported receiving $215,000 in “digital revenue” from iHeartMedia on Wednesday …
Caitlin Huston / Hollywood Reporter:
Audacy rebrands its podcast division as Audacy Podcasts, sunsets Cadence13 and 2400Sports brands, and moves their content and staff to Audacy Podcasts  —  There are no layoffs as part of the move, nor any changes to the content slates. … As part of the move, the company will be sunsetting …
Ben Schoon / 9to5Google:
YouTube TV gets multiview support on iOS and iPadOS, letting users watch up to four TV channels at once; Android support is set to arrive “in the coming months”  —  Google has confirmed that YouTube TV is now rolling out support for Multiview on the iPhone and iPad, but the feature won't arrive on Android for a while.
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
Daniel Thomas / Financial Times:
Sources: the BBC plans to build its own AI models, and is holding talks with tech companies, including Amazon, about selling its content for AI training  —  UK broadcaster seeks to build artificial intelligence models and negotiates with companies on content deal
Jason Koebler / 404 Media:
Deadspin's new owner Lineup outlines plans to publish with support “via partnerships within the sports betting industry” and to keep all old Deadspin's content  —  Join the newsletter to get the latest updates.  —  Success  —  Great!  Check your inbox and click the link.  —  Error
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.
 
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 More News: 
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
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
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
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
 Earlier Picks: 
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
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
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
 

 
From Techmeme:

Javier Espinoza / Financial Times:
The EU opens a formal DSA investigation into Meta, to assess if Facebook, Instagram, and its other apps were reinforcing “rabbit hole” effects and other issues

Cecilia D'Anastasio / Bloomberg:
Take-Two announces a fall 2025 release date for Grand Theft Auto VI, and reduces its bookings forecast for FY 2025 from $8B+ to $5.55B+

Wall Street Journal:
Source: Microsoft is asking about 700 to 800 employees involved in its China-based AI and cloud computing operations to consider relocating to other countries
 
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