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8:00 PM ET, March 21, 2025

Mediagazer

 Top News: 
Sara Fischer / Axios:
Yahoo strikes a deal to sell TechCrunch to media investment firm Regent, which acquired PCWorld publisher Foundry earlier this week  —  Yahoo on Friday said it has struck a deal to sell TechCrunch, the 20-year-old tech journalism site, to Regent, a media investment firm.
RELATED:
Connie Loizos / TechCrunch:
TechCrunch says the Regent deal is structured to ensure minimal disruption to its operations and Yahoo is keeping a small interest in the company  —  If you haven't heard the news, TechCrunch has a shiny new home.  After years under Yahoo's ownership — which, in turn, is backed by Apollo Group — the brand is now in fresh hands.
Discussion: Daring Fireball
Steven Levy / Wired:
Discussion: Yahoo Finance
Brent Lang / Variety:
Reed Hastings, Ted Sarandos, and others discuss Netflix's origin story, killing Blockbuster Video, snagging House of Cards from HBO, and more  —  “No late fees.”  —  When Netflix launched as a DVD rental service in 1998, that was its most effective pitch to potential customers …
Discussion: IndieWire
Paris Martineau / The Information:
Source: US Senators Dick Durbin and Lindsey Graham plan to introduce a bipartisan bill with wide support that would make Section 230 expire on January 1, 2027  —  In June 1995, two young congressmen reached across the aisle to introduce legislation that would become the defining legal protection …
Luc Cohen / Reuters:
A jury convicts two men, whom US prosecutors say are Russian mobsters, of involvement in an Iran-backed plot to kill US-based journalist Masih Alinejad  —  Two men who U.S. prosecutors say belong to a Russian organized crime group were convicted of involvement in an unsuccessful Iran-backed plot …
Alex Reisner / The Atlantic:
A look at LibGen, one of the largest online pirate libraries, with 7.5M+ books and 81M+ research papers, allegedly used by Meta and OpenAI to train AI models  —  Meta pirated millions of books to train its AI.  Search through them here.  —  When employees at meta started developing …
Reuters:
UK's CMA fines Sky, BT, IMG, ITV, and the BBC a combined £4M+ after they admitted “to breaking the law” by “colluding” on pay rates for freelancers  —  Britain's competition regulator fined four sports broadcast and production companies about 4 million pounds …
Benjamin Mullin / New York Times:
Bard College acquires Lapham's Quarterly at no cost from the American Agora Foundation, which had placed the print publication on hiatus in November 2023  —  The beloved magazine started by Lewis Lapham, who died last year, is being acquired by Bard College.
 
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 More News: 
Mark K. Miller / TVNewsCheck:
Sinclair names Valeria Riccioli, ex-VP of Talent at Newsmax, as the director of content for The National News Desk, which airs on 80+ US stations and YouTube
Paul Liu / The Keyword:
Google says its test removing European news content for 1% of users in eight EU countries found that there was no change to Search ad revenue due to the removal
Alban Kacher / Reuters:
French media regulator Arcom orders Eutelsat to stop broadcasting Russian channels STS and Channel 5, after finding the channels had ties to a sanctioned entity
Discussion: Euractiv and The Desk
Variety:
CEO Phil Spencer says Microsoft Gaming is embracing trial and error as the company bets on a different kind of game-to-film adaption with A Minecraft Movie
 Earlier Picks: 
Bloomberg:
Good Good Golf, which has 1.75M+ YouTube subscribers, raised $45M led by Creator Sports Capital, with Peyton Manning's Omaha Productions and 50+ others joining
New York Times:
Sources: former WaPo executive editor Leonard Downie and ex-managing editor Bob Kaiser emailed Jeff Bezos in February, urging him to cut ties with Will Lewis
 

 
From Techmeme:

Wall Street Journal:
Sources: OpenAI is finalizing a $40B round led by SoftBank, receiving $10B initially and another $30B by 2025's end if it restructures into a for-profit company

Jordan Novet / CNBC:
CoreWeave closes flat at $40 in its Nasdaq debut; CoreWeave's offering is the largest US IPO since UiPath's NYSE debut in 2021

CNBC:
Elon Musk says xAI has acquired X in an all-stock transaction valuing xAI at $80B and X at $33B

 
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