Mediagazer: Intangible, which offers an AI tool that allows filmmakers, game designers, and others to create 3D world concepts with text prompts, raised a $4M seed (Lauren Forristal/TechCrunch)

12:15 PM ET, March 6, 2025

Top News:

Charlotte Tobitt / Press Gazette:

Financial Times CEO John Ridding plans to step down on July 1 after 19 years, and will take an honorary FT chair title; the FT will now find a replacement — Financial Times CEO John Ridding is stepping down in June after leading the newspaper group for almost 20 years.

Discussion: Nikkei Asia, Talking Biz News, @ft, @pressgazette, Financial Times and Dominic Ponsford on LinkedIn

Jeremy Barr / Washington Post:

Memo: MSNBC hires WABC-TV VP and News Director Scott Matthews to serve as head of newsgathering, and plans to hire 100 journalists as part of its news operation — The network, which recently overhauled its programming lineup, is bringing on Scott Matthews as head of newsgathering. — Just now

Discussion: Variety, The Wrap, The Hollywood Reporter, Deadline, Barrett Media and @jeremymbarr

Lauren Forristal / TechCrunch:

Intangible, which offers an AI tool that allows filmmakers, game designers, and others to create 3D world concepts with text prompts, raised a $4M seed — Intangible AI, now backed by $4 million in seed funding, offers an AI-powered creative tool that allows users to create 3D world concepts …

Naman Ramachandran / Variety:

ITV reports FY 2024 revenue down 3% YoY to $5.34B, Studios revenue down 6% YoY to $2.63B, digital ad revenue up 15% YoY, and its efficiency program saved $77.5M — The U.K.'s ITV revealed strong profit growth in its full-year results for 2024, despite facing challenges from the U.S. actors …

Discussion: WORLD SCREEN, Reuters, The Media Leader, The Hollywood Reporter, ITV Plc, The Standard, MorningstarUK, Variety, Deadline and Shares Magazine

Todd Spangler / Variety:

Netflix CFO Spencer Neumann says Netflix plans to spend ~$18B in cash on content in 2025, up nearly 11% YoY, and the amount is “not anywhere near a ceiling” — Netflix expects to spend in the neighborhood of $18 billion in cash on content in 2025 — and it sees plenty of runway …

Discussion: The Streamable, @tylerbishop, @tvgrimreaper, Deadline, The Wrap and Media Play News

Alex Weprin / The Hollywood Reporter:

Netflix plans to host its second live boxing special on July 11 at Madison Square Garden with a rematch of Katie Taylor vs. Amanda Serrano — The all-women's boxing card will be held at Madison Square Garden July 11, and will stream live on Netflix. — Netflix is back in business …

Discussion: The Streamable, Advanced Television, Variety, Media Play News, Streaming Better, Winnipeg Free Press, Just Jared, RTÉ, ESPN, Bleacher Report, @netflix, @serranosisters, EVOKE, New York Times, Deadline and The Verge

Chris Welch / The Verge:

All Elite Wrestling and Amazon Prime Video announce a new multi-year agreement to offer AEW's pay-per-view events in the US, Canada, and the UK on Prime Video — The new pay-per-view streaming partnership kicks off this weekend with AEW Revolution, which costs $49.99.

Discussion: The Streamable, All Elite Wrestling, Sports Illustrated, TVNewsCheck, Slam Wrestling, @jonalba, Wrestlezone, Cageside Seats, Variety, Awful Announcing, Barrett Media and Advanced Television

Todd Spangler / Variety:

Neal Mohan says YouTube Originals didn't work because YouTube wasn't “good at picking content” and so the company decided to focus on building creator tools — YouTube has tried its hand at funding original content more than once — with disappointing results.

Mandy Dalugdug / Music Business Worldwide:

Lyric rights licensing company LyricFind sues Musixmatch and its owner TPG Growth, alleging antitrust violations that threaten competition across the industry — LyricFind has lodged an antitrust lawsuit against lyrics provider Musixmatch and its private equity owner TPG Growth.

Discussion: LyricFind, Bloomberg Law, MLex, @lyricfind, Music Ally and Digital Music News

The Wrap:

Sources: LAT's Hector Becerra faced an HR probe in 2022 over alleged “insulting” behavior, including bullying; LAT says it has “been addressed and resolved” — The paper's De Los editor Paloma Esquivel resigned last week, accusing HR of dismissing her complaints against Becerra

Discussion: @sharonwaxman, @sharonwaxman, @sharonwaxman and @gstarr.bsky.social

Brian Stelter / CNN:

Washington Post Media Reporter Will Sommer joins The Bulwark, where he will be publishing a twice-a-week newsletter on “the forces driving today's far-right” — On a recent episode of the “Hard Fork” podcast, reporter Casey Newton said “you talk to folks who live in San Francisco …

Discussion: @timodc, @brianstelter and @willsommer

Andrew Cohen / Awful Announcing:

Gannett posts job listings for an AI sports editor and AI-assisted sports reporter; after flubs in 2023, it paused using LedeAI for high school sports stories — Gannett plans to hire an “AI Sports Editor” and “AI-Assisted Sports Reporter” as America's largest newspaper chain doubles-down on artificial intelligence in its newsrooms.

Discussion: @danrshafer, @aaronnagler, @andrew_cohen0, @joshua_newman and @michaelsocolow

Ray Schultz / MediaPost:
Gannett unionized employees and management have reached tentative contract deals at six newspapers in New Jersey and New York after threatened walkouts

Discussion: NewsGuild of New York and New Jersey Globe

Gordon Smith / Journalism.co.uk:

How the Financial Times is using online polls to engage readers and grow subscriptions; polls in FT newsletters regularly record engagement rates above 75% — The newspaper has a loyal, well-informed readership keen to share their opinions. Polls in its newsletters record engagement over 75 per cent

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More News:

Mark Stenberg / Adweek:
Politico unveils an AI tool that lets Politico Pro subscribers generate detailed policy reports using data from Politico's reporting and analysis

Discussion: Gabriel Brotman on LinkedIn, Politico and Jane Friedman

Rebecca Stewart / Adweek:
Publicis acquires Lotame, which analyzes people's online behavior across 109 countries, and plans to integrate Lotame into its Epsilon service

Discussion: Ad Age, Reuters, MediaPost, Digiday, The Drum, More About Advertising, GlobeNewswire News Room and TipRanks Financial

Dominic Ponsford / Press Gazette:
UK journalist Graham Johnson estimates he cost News UK £500M through his testimony, books, and legal research since his phone hacking conviction in 2014

Forbes:
A TollBit analysis of 160 websites on its content licensing service finds AI search engines drive 96% less referral traffic than Google Search

Discussion: What's New in Publishing, @rashishrivast18, @ednewtonrex, @rashishrivast18, @pressgazette, @paulmarks12, @rashis.bsky.social, @rahll, Columbia Journalism Review, @cterryobserver and Australian Financial Review, more at Techmeme »

Rick Porter / The Hollywood Reporter:
Nielsen: Trump's address to Congress drew 36.6M viewers, a larger number than three of Biden's addresses to Congress but smaller than any in Trump's first term

Discussion: The Wrap, Variety, Barrett Media, USA Today, Forbes, @radarradar.bsky.social, Media Play News, Winnipeg Free Press, Adweek, PoliticusUSA, Los Angeles Times, TVLine, TVNewsCheck, New York Times, The Wrap, Bloomberg and Deadline

Variety:
Variety.com names Zack Sharf as managing editor; Sharf joined Variety in January 2022 as digital news director after seven years at IndieWire

Earlier Picks:

Ted Johnson / Deadline:
Tom Llamas will succeed Lester Holt as anchor of NBC Nightly News after Holt signs off in early summer

Ian Carlos Campbell / Engadget:
Amazon announces an “AI-aided dubbing” pilot program on Prime Video, starting with dubbing in English and Latin American Spanish on 12 movies and series

Discussion: The Streamable, Associated Press, Advanced Television, Broadband TV News, Deadline, BGR, @thedesk.net, Quartz, Reuters and TechCrunch, more at Techmeme »

Chris Roush / Talking Biz News:
WSJ journalists laid off amid consolidation of tech and media teams include Alexa Corse, Tom Dotan, Asa Fitch, Ben Fritz, Miles Kruppa, and Aaron Tilley

Discussion: @mims.bsky.social, @shakeelhashim, @joannastern, @heathersomervil, @chaykak, @benmullin, @od_liam, @seanhollister.bsky.social, Jennifer Merritt on LinkedIn, Joanna Stern on LinkedIn, @joannastern.bsky.social, @willoremus.com, The Wrap, Fast Company and Talking Biz News

Alex Weprin / The Hollywood Reporter:
Sesame Workshop cuts staff as it continues to look for a TV or streaming outlet for Sesame Street; production of the series' 56th season resumes next month

Discussion: The Guardian, Washington Post, NPR, Cord Cutters News, Adweek and TVNewsCheck

Variety:
A look at Neon's unconventional strategy to win an Oscar for Anora, including merchandise like branded thongs and spending $18M, a fraction of its rivals

Discussion: The Guardian, @brentalang and IndieWire

From Techmeme:

Bloomberg:
The Trump administration exempts smartphones, laptops, hard drives, processors, memory chips, and machines used to make semiconductors from reciprocal tariffs

Connor Jones / The Register:
UK government report: 43% of businesses faced a cyber breach or attack in the past year; phishing was the most common type, affecting 85% of those attacked

Washington Post:
Arguments start Monday in the FTC's antitrust suit targeting Meta's acquisitions of Instagram and WhatsApp, amid reports Zuckerberg asked Trump to intervene

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