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2:20 PM ET, February 27, 2025

Mediagazer

 Top News: 
Brian Steinberg / Variety:
WBD reports Q4 revenue down 2% YoY to $10B, ad revenue down 11% to $1.8B, and losses up 24% YoY to $494M, including $1.9B in charges and restructuring expenses  —  Like its rivals., Warner is navigating a difficult era for the media sector, one in which linear TV audiences, much easier to monetize …
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Georg Szalai / The Hollywood Reporter:
WBD reports Q4 adjusted EBITDA for DTC, including streaming and pay-TV, of $409M, up from a $55M loss in Q4 2023, and 116.9M subscribers, up from 110.5M in Q3
Jake Kanter / Deadline:
BBC Chief Content Office Charlotte Moore is leaving to become Left Bank Pictures CEO and Sony Pictures TV's creative director of international production  —  Newswire … PMC  —  Deadline is a part of Penske Media Corporation.  © 2025 Deadline Hollywood, LLC.  All Rights Reserved.
Ben Johansen / Politico:
Reversing decades of precedent, the WHCA announces it will no longer coordinate shared coverage of President Trump amid an escalating dispute over press access  —  The move breaks from decades of cooperation between the White House and the journalists who cover the president.
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Brian Stelter / CNN:
On day one of choosing its own “press pool”, the White House replaced HuffPost with Axios; two staunchly pro-Trump outlets, Newsmax and The Blaze, were added
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Benjamin Mullin / New York Times:
Internal memo: Paramount is making changes to its DEI policies to conform to efforts by the Trump administration to eliminate diversity programs
Dylan Butts / CNBC:
Meta apologizes and says it had fixed an “error” that resulted in some Instagram users seeing violent and graphic content in their Reels recommendations  —  Meta apologized on Thursday and said it had fixed an “error” that resulted in some Instagram users reporting a flood …
Todd Spangler / Variety:
ESPN plans to launch SC+, a new SportsCenter show, on March 3 exclusively on Disney+ for US subscribers, designed for a casual, entertainment-focused audience  —  Disney and ESPN have cooked up a plan to try to whet the sports appetite of Disney+ U.S. customers — who may not necessarily be the more voracious fans of sporting events.
Alexandra Bruell / Wall Street Journal:
Google Search's new rules for product-review sites upend publishers' business models; Similarweb says Forbes Advisor's traffic fell 83% YoY in January 2025  —  New rules for recommendation sites such as Forbes Vetted and CNN Underscored threaten their business models, hurt freelancers
Nicole Sperling / New York Times:
A profile of London-based Mubi, a niche movie streaming service with 400 employees boosted by hit film The Substance, turning it into a real Hollywood player  —  Early on in “The Substance,” the body horror film starring Demi Moore that has been nominated for five Academy Awards …
Lucas Shaw / Bloomberg:
Sources: MrBeast is looking to raise a couple hundred million dollars at a ~$5B valuation; MrBeast has said he “lost tens of millions of dollars on Beast Games”  —  - YouTube star aims to raise a couple hundred million dollars  — He lost ‘tens of millions’ of dollars on Amazon reality show
Benoit Berthelot / Bloomberg:
WPP's shares drop 15%+ after the company forecasted adjusted sales for 2025 to remain flat or shrink in 2025, missing analysts' estimates  —  WPP Plc shares dropped the most in more than six years after the British advertising agency group forecast sales that would remain flat or shrink this year, missing analysts' estimates.
Michael Levenson / New York Times:
A Mississippi judge lifts an order requiring a newspaper to remove an editorial, after Clarksdale city officials voted to abandon their libel lawsuit  —  The judge's order against The Clarksdale Press Register in Clarksdale, Miss., had alarmed press advocates, who said it was a violation of the First Amendment.
Reuters:
A Vietnam court sentences former journalist Truong Huy San to 30 months in prison over Facebook posts; San wrote “The Winning Side” about post-war Vietnam  —  A court in Vietnam on Thursday sentenced a former journalist to 30 months in prison after finding him guilty of …
Corbin Bolies / The Daily Beast:
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Charlotte Klein / New York Magazine:
Sources: WaPo publisher Will Lewis told Jeff Bezos that changes to the Opinion section would have consequences for the health of the paper
Benjamin Mullin / New York Times:
Memo: WaPo CEO Will Lewis says opinion section changes are “not about siding with any political party” but about “being crystal clear about what we stand for”
 
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 More News: 
Aisha Malik / TechCrunch:
TikTok revamps its desktop website with a new modular layout, refreshed For You feed, a new Explore tab, and a floating player, in a bid to take on YouTube
Todd Spangler / Variety:
Pete Distad, previously named as the CEO of now-shuttered Venu Sports streaming service, will serve as CEO of Fox's recently announced DTC streaming service
Brian Steinberg / Variety:
CBS News names Tom Cibrowski, a TV news veteran who has managed Good Morning America and the San Francisco station KGO, as president and executive editor
 Earlier Picks: 
Kirk Carapezza / GBH:
Student newspapers that increasingly rely on financial support from the institutions they cover face struggles for editorial independence, as ad sales drop
Sara Fischer / Axios:
Notus, the nonprofit outlet created by the Allbritton Journalism Institute, launches the Washington Bureau Initiative to provide DC coverage to local newsrooms
The Information:
Source: Instagram considers launching a standalone Reels app, improving recommendations, and distributing more three-minute-long videos, to compete with TikTok
David Bauder / Associated Press:
Wired gained 62,500 new subscribers in the US during the first two weeks of February, as the tech outlet aggressively covers the Trump administration and DOGE
Brian Steinberg / Variety:
Paramount reports Q4 revenue up 5% YoY to $7.98B and a $129M operating loss; Paramount+ subscribers grew by 5.6M in Q4 to 77.5M+ with revenue up 16% YoY
 

 
From Techmeme:

Sara Fischer / Axios:
Meta adds Dina Powell McCormick, who served as deputy national security adviser to Trump in his first term, and Stripe CEO Patrick Collison to its board

Ellen O'Regan / Politico:
Ireland's DPC opens an investigation into how personal data in public X posts was used to train xAI's Grok, which could stoke tensions between the EU and the US

Anton Shilov / Tom's Hardware:
China exempts products from AMD, Nvidia, Intel, Qualcomm, and others that are made by Taiwanese companies like TSMC from the 125% tariff on US products

 
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