Mediagazer: Canal+ CEO Maxime Saada says the French media group doesn't regret its London IPO and “we're not in a hurry”, after its market cap fell to £1.7B, below ITV's (Daniel Thomas/Financial Times)

11:45 AM ET, March 4, 2025

Top News:

Canal+ CEO Maxime Saada says the French media group doesn't regret its London IPO and “we're not in a hurry”, after its market cap fell to £1.7B, below ITV's — French broadcaster posts higher revenue in first results since UK listing last year

Discussion: Variety, Reuters, @mediaevan and @canalplusgroupe

Georg Szalai / The Hollywood Reporter:

Canal+ reports FY 2024 revenue up 3.6% YoY to €6.45B, EBITA up 5.4% YoY to €503M, subscribers up 0.4% YoY to 26.9M, and a debt level of €355M — The company is “firmly on track to reach 50-10 million subscribers, says CEO Maxime Saada, touting the importance of cinema …

Discussion: WORLD SCREEN, Investing.com, Deadline, Canal+, BusinessLIVE, Deadline and C21Media

Elsa Keslassy / Variety:
Canal+ Group signs an agreement with local film guilds in France to invest at least €480M in French films over the next three years

Discussion: Broadband TV News, Advanced Television, Screen, Cineuropa and Deadline

Oliver Darcy / Status:

Sources: incoming Paramount president Jeff Shell asked CBS News chief Wendy McMahon and 60 Minutes boss Bill Owens in October to release the Harris transcript — As Paramount's merger with Skydance nears the finish line, CBS News chief Wendy McMahon and “60 Minutes” boss Bill Owens …

Discussion: TVNewsCheck, New York Post, @karlbode.com, @reichlinmelnick.bsky.social, @chanda.bsky.social, @passantino.bsky.social, @status.news, @simonowens.bsky.social, @oliverdarcy.bsky.social and The Streamable

Lois Beckett / The Guardian:

Patrick Soon-Shiong says LAT opinion pieces will show an AI-generated rating of their political content, and an AI-generated list of alternative political views — Los Angeles paper's ‘Insights’ tool comes after months of public debate between opinion staff and billionaire owner

Martin Baron / The Atlantic:

Jeff Bezos handled his ownership of The Washington Post admirably for over a decade but then faltered badly, cozying up to Trump to avoid the president's wrath — The day the world learned that Jeff Bezos would buy The Washington Post, the Amazon founder offered assurances that he would not cower …

Discussion: @vincentmorris, @hughhewitt, @adriennelaf, @corbinbolies, @brianstelter, @benmullin, @vincentmorris, Poynter, @mariaramirez.bsky.social, @postbaron.bsky.social, @froomkin.bsky.social, @pbump.com, @shaneharris.bsky.social, New York Magazine, GeekWire and Mediaite

Katie Robertson / New York Times:

Sources: WaPo CEO Will Lewis and Executive Editor Matt Murray skipped a screening of Becoming Katharine Graham, a new documentary on the WaPo's fabled publisher — A premiere for a documentary about Katharine Graham, the longtime publisher, had people talking about changes at the paper, and in Washington.

Discussion: Washington Post, @willoremus.com, @katemjackson.bsky.social, @frankamari.bsky.social, @michelleboorstein.bsky.social, @tracyjan.bsky.social, @msmilack75.bsky.social, @tribelaw.bsky.social, @kmthurman.bsky.social, @nxthompson.bsky.social, The Wrap, @katierobertson.bsky.social and Axios

Axios:

Source: E.W. Scripps is laying off staff across multiple local news stations and it will not fill any open positions; Scripps operates 61 stations in 41 markets — - Tegna laid off members from its fact-checking team in February. — Nexstar said it would lay off 2% of staffers in December.

Discussion: The Wrap, Adweek, @jaymesl.bsky.social and @sarafischer

Dominic Ponsford / Press Gazette:

Reach reports FY 2024 revenue down 5.3% YoY to £539M, operating profit up 6% to £102M, digital revenue up 2.1% to £130M, and print revenue down 7.3% to £407M — Cost cuts and growing digital revenue helped Reach to increase its annual profits in 2024 as it released its results for the year.

Discussion: HoldtheFrontPage, Reach plc and The Independent

Lauren Johnson / Adweek:

Amazon launches Complete TV, an AI-powered ad tool to let advertisers track their upfront commitments and to buy scatter TV inventory not sold in the upfront — The tool is free for advertisers buying programmatic guaranteed deals on Amazon's own properties

Discussion: Business Insider, Digiday and What's New in Publishing

Georg Szalai / The Hollywood Reporter:

WBD says Max will launch in Turkey on April 15, replacing BluTV, acquired in late 2023, and reiterates plans to increase its investment in local productions — Turkey becomes the 77th Max territory and “marks a significant moment in the globalization of WBD's streaming service,” the company said …

Discussion: Variety, Media Play News, Broadcast, Pressroom, Advanced Television, Deadline and C21Media

Hritam Mukherjee / Reuters:

India's top court allows podcaster Ranveer Allahbadia, charged with obscenity, to resume airing his shows, provided they meet “decency and morality” standards — India's top court allowed a podcaster charged with obscenity to resume airing his shows on the condition they met standards of …

Discussion: CNBC-TV18, Hindustan Times, Times of India, Financial Express, Hindustan Times, Livemint, Livemint, The Hindu, NDTV, NDTV, Hindustan Times, International Business Times, Hindustan Times, International Business Times, Times of India, Times of India, NDTV, Times of India, NDTV, @rshivshankar, @aditi_muses, @vivekagnihotri, @padmajajoshi, @nalinisharma_, Telegraph India, The Week, NewsBytes, The Tribune, Outlook India, The Indian Express, ANI News, ABPLive, The New Indian Express, Times Now, The Indian Express, NDTV on YouTube, India Today, Wion, NEWS9 Live on YouTube, The Week, ANI News on YouTube, NDTV Profit on YouTube, Deccan Herald, Mashable India tech, @ani, @ani, ET NOW on YouTube, The Indian Express, Telegraph India, News18, Geo News on YouTube, The Wire, NDTV on YouTube, News18, ET Now, Times Now, The Indian Express and The Week

Brian Steinberg / Variety:

MSNBC taps The Washington Post's Jackie Alemany to co-host The Weekend and serve as a Washington correspondent — MSNBC is, like other cable-news mainstays, giving roundtable shows a harder spin. — Jackie Alemany, who has logged stints covering politics at both CBS News and The Washington Post …

Discussion: The Wrap, @richardhudock, @bristei, MSNBC and Deadline

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More News:

Georg Szalai / The Hollywood Reporter:
UK parliamentary hearing: BBC DG Tim Davie says BritBox now has 4M+ US users and a “charter for a generation” to protect the BBC's independence is his goal

Discussion: Deadline and GB News

Annie Aguiar / New York Times:
After the success of crowdfunded show The Chosen, streamers are focusing on Bible stories with Game of Thrones-style intrigue and romantic comedy elements

Katie Robertson / New York Times:
A profile of WHCA President Eugene Daniels, as he pushes back on the Trump administration's hostility to reporters and navigates a move from Politico to MSNBC

Discussion: Deadline, TVNewsCheck, The Washington Free Beacon, @katie_robertson, The Wrap and Los Angeles Times

Benjamin Mullin / New York Times:
Gannett fires The Palm Beach Post Editorial Page Editor Tony Doris after he ran a cartoon on the Israel-Hamas war that drew criticism from a local Jewish group

Discussion: @davidmastio, @hoffmanmichaela, Between Rock and a Hard Place, @benmullin.bsky.social, Stet News, Stet News, @mbazzi.bsky.social, @shefalikulkarni.bsky.social, New York Post, Jewish Telegraphic Agency, @mehdirhasan.bsky.social and @espiegler.bsky.social

Rick Porter / The Hollywood Reporter:
Nielsen and Disney: the 97th Oscars averaged 18.07M viewers in the US, down 7% YoY, across ABC and Hulu, where it was livestreamed for the first time

David Enrich / New York Times:
A look at NYT v. Sullivan and whether SCOTUS' landmark 1964 decision can survive Trump's second term, as a growing right-wing movement seeks to overturn it

Discussion: @steveholbert4, @iamnickreynolds, @kenstonemedia.bsky.social and @cwalker.bsky.social

Earlier Picks:

Alexandra S. Levine / Bloomberg:
Documents: TikTok generated $1.7B in TikTok Live global sales in one 2023 quarter, with $400M+ from the US, and projects Live will make $77B globally by 2027

Discussion: @ali_lev, more at Techmeme »

Matthew Keys / The Desk:
Source: Fubo is readying a Sports & Broadcasting Package that is expected to launch before the start of the NFL's 2025 season, for $50 to $60 per month

Discussion: @matthewkeyslive

Jamie Heller / Business Insider:
Business Insider hires former Daily Beast EIC Tracy Connor as the outlet's new standards editor

Discussion: @maxwelltani and @justinbaragona.bsky.social

Sahil Patel / The Information:
Sources: YouTube is preparing a Netflix-like redesign of its TV app, with paid content from other streamers like Max and Paramount+ on the homepage

Discussion: Tubefilter and The Verge, more at Techmeme »

Brian Steinberg / Variety:
Lachlan Murdoch says Fox Nation has 2M to 2.5M subscribers, suggests a new stand-alone Fox streaming outlet would be aimed at “cord nevers” and “cord cutters”

Discussion: Reuters, @jbflint, @chris_ciaccia, Media Play News, Awful Announcing, New York Post, The Streamable, The Wrap, @franmacp.bsky.social, Deadline and The Hollywood Reporter

Rebecca Rubin / Variety:
Disney hires ex-Warner Bros. exec Andrew Cripps as head of theatrical distribution, replacing Tony Chambers, who was named the president of Disney in Europe

Discussion: The Wrap and The Hollywood Reporter

From Techmeme:

Sergiu Gatlan / BleepingComputer:
CISA says it will extend funding to Mitre, which runs the CVE Program, and “there will be no lapse in critical CVE services”, after Mitre said funding expired

CNBC:
SEC filing: Nvidia says it will record a $5.5B quarterly charge after new US rules to require a license to export the H20 chips to China; NVDA drops ~5%

Wall Street Journal:
Sources: Meta offered $450M in late March to settle the FTC's antitrust case and raised its offer to ~$1B as the trial neared; the FTC had demanded $30B

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