Mediagazer: WBD plans to launch Max in Europe starting on May 21 in the Nordics, Iberia, and Central and Eastern Europe, in time for the Olympics, included in all plans (Adam Chitwood/The Wrap)

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.

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: Bloomberg and @stufalk

Adam Chitwood / The Wrap:

WBD plans to launch Max in Europe starting on May 21 in the Nordics, Iberia, and Central and Eastern Europe, in time for the Olympics, included in all plans — The rollout is also timed to the second season of “House of the Dragon” — Max will begin its launch in Europe on May 21 …

Discussion: Variety, Deadline, Media Play News, Advanced Television and Screen

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.

Discussion: @laurahazardowen and @sarahscire

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 …

Discussion: Zach Everson on LinkedIn

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

Discussion: @josephcox@infosec.exchange, @ernie@writing.exchange, @lukeoneil47.bsky.social and @josephfcox

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.

Discussion: The Verge, more at Techmeme »

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

Discussion: Variety, Deadline and Broadband TV News

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

Discussion: Reuters, more at Techmeme »

Cynthia Littleton / Variety:

A US federal judge dismisses DirecTV's lawsuit from March 2023 that accused Nexstar of engaging in price-fixing activity around the retransmission consent fees — A federal judge has dismissed the antitrust lawsuit that DirecTV filed against Nexstar last year accusing the TV station giant …

Discussion: The Wrap, Deadline, Radio & Television …, The Desk and Cord Cutters News

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 …

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.

Discussion: @zephyrteachout, @mark_histed, @zephyrteachout, @theatlantic, @niubi, @dlberes, @zephyrteachout and @zephyrteachout, more at Techmeme »