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9:20 AM ET, September 25, 2024

Mediagazer

 Top News: 
Financial Times:
Sources: Bari Weiss' The Free Press raised about $15M at a ~$100M valuation; Bari Weiss posted an article this week that said the outlet had 800,000+ readers  —  The fundraise values Bari Weiss's venture at $100mn  —  US media start-up The Free Press has raised a further round of funding from investors …
Discussion: @pressgazette
Sareen Habeshian / Axios:
Univision says Harris and Trump will appear at separate town halls in front of a Spanish-speaking audience in October, moderated by journalist Enrique Acevedo  —  - “There are more than 36 million Hispanics eligible to vote in the U.S., making them the largest minority in the country …
Laura Hazard Owen / Nieman Lab:
Chartbeat: Facebook traffic to 700 US news sites fell 40% from January 2023 to July 2024 to ~500M page views, as page views from Google Search grew 10% to 1.5B  —  Traffic from Google Discover now exceeds traffic from Google Search for some publishers, but what works there is a bit of a guessing game.
Discussion: Adweek and @laurahazardowen
Sara Fischer / Axios:
The International Fund for Public Interest Media plans to raise $150M by mid-2025 to help independent media in 50 low- and mid-income countries over three years  —  - Of the 40 countries already eligible for funding, 30 will hold elections between 2026 and 2028, the fund notes in its investment thesis.
Discussion: @sarafischer
Gordon Rayner / Telegraph:
The Spectator appoints ex-UK cabinet minister Michael Gove as editor, starting on October 8, after its takeover by GB News co-owner Sir Paul Marshall  —  Former Cabinet minister will take over from Fraser Nelson on Oct 8 - three months after standing down as MP
Marisa Kabas / The Handbasket:
Q&A with NPR Media Correspondent David Folkenflik on the Olivia Nuzzi and RFK Jr. saga, Ben Smith's defense of Nuzzi and sexual relations with sources, and more  —  The longtime media reporter sounds off. … Johnson was hired there in 2013 by then-Editor in Chief Ben Smith …
Winston Cho / The Hollywood Reporter:
Filing: OpenAI agrees to give representatives for authors suing the company access to review its training data to see if OpenAI used authors' copyrighted works  —  At a secure room in its San Francisco office, representatives for authors suing OpenAI will examine materials that were used to train its AI system.
Bron Maher / Press Gazette:
Mill Media plans to launch Glasgow-focused title The Bell on September 30 on Ghost, initially without a paywall, and release content three times per week  —  The new Glasgow-focused title from local newsletter start-up Mill Media will be named The Bell, Press Gazette can reveal.
Alex Weprin / The Hollywood Reporter:
Stability AI says filmmaker James Cameron has joined its board of directors; Stability AI CEO Prem Akkaraju was previously CEO of VFX company WETA Digital  —  The director says that “the intersection of generative AI and CGI image creation is the next wave” of film technology …
Erik Hayden / The Hollywood Reporter:
Wrapbook, which simplifies the payroll process for TV, film, and commercial productions, raised $20M from Bessemer Ventures at a $750M valuation  —  The financial services firm plans to grow by more than 100 staffers as it takes aim at private equity owned Cast & Crew and Entertainment Partners.
Discussion: FinTech Global and WKRN-TV
Abid Rahman / The Hollywood Reporter:
WBD launches Max in Japan via local partner U-Next and plans to roll out the streaming service direct-to-consumers in Australia and New Zealand in H1 2025  —  Max officially launched in Japan via local partner U-Next. … On the day that Max launched in Japan via local partner U-Next …
Sara Fischer / Axios:
The NYT aims to sell podcast subscriptions via Apple Podcasts and Spotify, requiring users to pay for older episodes, starting October for $6/month or $50/year  —  - “A big part of our strategy is building direct relationships with our customers,” said Ben Cotton, The Times' head of subscription growth.
 
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 More News: 
Katie Kilkenny / The Hollywood Reporter:
SAG-AFTRA calls a strike against League of Legends, formerly exempt from the video game strike, alleging parent Formosa Interactive tried hiring non-union labor
 Earlier Picks: 
Charlotte Tobitt / Press Gazette:
Trending Now, which offers AI-powered B2B newsletters, changes its logo after BuzzFeed sent a cease-and-desist letter over alleged copyright infringement
Jake Kanter / Deadline:
Sources: UK's Evening Standard has made plans to use AI to write reviews under the name of its former art critic of 30 years Brian Sewell, who died in 2015
Ivan Mehta / TechCrunch:
WP Engine sends a cease-and-desist letter to Automattic to “retract false, harmful, and disparaging statements”, after Matt Mullenweg called it a “cancer”