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1:40 PM ET, April 30, 2024

Mediagazer

 Top News: 
Timothy B. Lee / Asterisk:
Tech journalism is often characterized by scandals, sensationalism, and shoddy research; publishers hesitate to invest in nuanced reporting without a clear ROI  —  A huge proportion of tech journalism is characterized by scandals, sensationalism, and shoddy research.  Can we fix it?
Bloomberg:
The EU opens a DSA investigation into Meta over deceptive Facebook and Instagram ad and political content; sources say the probe is about a pro-Kremlin campaign  —  - Probe said to target pro-Putin Doppelganger campaign  — Meta probe is under the EU's tough new Digital Services Act
Benoit Berthelot / Bloomberg:
UAE-backed RedBird IMI withdraws from the Telegraph and Spectator auction, which starts today, and will look to sell on its rights to the UK outlets  —  After a bruising few months, UAE-backed investor RedBird IMI is withdrawing from its attempt to acquire the Telegraph newspaper and Spectator magazine …
The New York Times Company:
The Athletic names Laura Williamson as its editor-in-chief for the UK and Europe, making her the first female EIC of a daily sports publication in the UK  —  Steven Ginsberg announces new leadership changes in The Athletic's U.K. newsroom, as well as growing ambitions for our London office …
Ken Klippenstein:
The Intercept's Ken Klippenstein resigns, citing the outlet's corporatization and saying its “fear of funders is more important than journalism itself”  —  ...and starting something new  —  I resigned from The Intercept today in order to pursue a new kind of journalism here on Substack …
Sudip Kar-Gupta / Reuters:
Arnaud Lagardère resigns as chair and CEO of French publishing group Lagardère SA, after an indictment accused him of misappropriating company funds  —  Arnaud Lagardere, the chairman and CEO of French publishing group Lagardere SA (LAGA.PA), has resigned from his executive roles …
Katie Robertson / New York Times:
Eight daily newspapers owned by Alden sue OpenAI and Microsoft, accusing them of using copyrighted articles without permission to train generative AI products  —  The suit, which accuses the tech companies of copyright infringement, adds to the fight over the online data used to power artificial intelligence.
The Hollywood Reporter:
Paramount CEO Bob Bakish steps down; Brian Robbins, Chris McCarthy, and George Cheeks will run Paramount on an interim basis as an “Office of the CEO”  —  The entertainment company, in the midst of a sale process, has tapped Brian Robbins, Chris McCarthy and George Cheeks to run Paramount on an interim basis.
RELATED:
Etan Vlessing / The Hollywood Reporter:
Paramount reports Q1 revenue up 6% YoY to $7.69B and a $417M operating loss, down from $1.2B YoY; Paramount+ hit 71M+ global subscribers with revenue up 51% YoY
Alex Sherman / CNBC:
Sources: Shari Redstone agreed to take less than $2B for her Paramount stake as part of Skydance's “best and final” offer, lower than what was initially offered
Sahil Patel / The Information:
Sources: Google has agreed to pay News Corp $5M to $6M annually to develop new AI-related content and products, as part of the Google News Initiative  —  Google has agreed to pay Wall Street Journal owner News Corp between $5 million and $6 million annually to develop new artificial intelligence …
Alex Barinka / Bloomberg:
In its first TikTok Shop Safety Report, TikTok reports 500K+ sellers in the US and 15M+ sellers worldwide in December 2023, adding 6M+ in H2 2023  —  - Company releases first safety report on its shopping platform  — Merchants and approved users can link products for sale
Mia Sato / The Verge:
Instagram updates its recommendation algorithms to remove aggregator accounts, hoping to promote original content and increase distribution to smaller accounts  —  Instagram is making significant changes to how its system recommends content, with a focus on original content and increased distribution for smaller accounts.
 
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 More News: 
Ingrid Lunden / TechCrunch:
NYC-based newsletter platform beehiiv raised a $33M Series B led by NEA, taking its total raised to $46.5M, and says the service has ~20K active newsletters
Alexandra Topping / The Guardian:
As News UK's TalkTV closes its linear channel and moves online, experts say the future of both of UK's broadcasting upstarts, TalkTV and GB News, is uncertain
Tom Phillips / The Guardian:
How the 2018 killing of Rio de Janeiro councilor Marielle Franco inspired a generation of journalists to investigate the city's dangerous underworld
 Earlier Picks: 
Wall Street Journal:
Sources: NBCUniversal is prepared to pay an average of about $2.5B per year to air a package of NBA games, as WBD makes last-ditch efforts to keep those rights
Benjamin Hart / New York Magazine:
Q&A with Axios CEO Jim VandeHei on AI, “smart brevity” bullet point format, Puck's and Punchbowl's business models, his new book Just the Good Stuff, and more
Discussion: The Rebooting and A Media Operator