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7:30 PM ET, March 31, 2025

Mediagazer

 Top News: 
Bailey Lipschultz / Bloomberg:
Newsmax shares jumped as much as 667% in their NYSE debut after raising $75M in its IPO  —  The stock traded at $62.27 each at 12:07 p.m. in New York, in a debut that saw shares repeatedly halted for volatility.  The company raised $75 million in the offering, selling 7.5 million shares for $10 apiece.
Wall Street Journal:
WBD adds Anton Levy, former co-president of PE firm General Atlantic, to its board, a source says due to pressure from activist shareholder Sessa Capital  —  Warner Bros. Discovery is expanding its board following pressure from an activist shareholder, according to people familiar with the matter.
Charlotte Tobitt / Press Gazette:
Reach CEO Jim Mullen steps down with immediate effect after six years, replaced by Chief Revenue Officer Piers North; Mullen will join a horse racing company  —  Reach CEO Jim Mullen is stepping down after six years with immediate effect.  —  Mullen will be succeeded as Reach CEO by Piers North, currently chief revenue officer.
Max Goldbart / Deadline:
The BBC says its content spend will fall by £150M to £2.5B in the next 12 months as it faces an “unprecedented content funding challenge”  —  The BBC faces an “unprecedented content funding challenge” in the year to come, the corporation's Annual Plan setting out priorities for the next 12 months has said.
RELATED:
Charlotte Tobitt / Press Gazette:   The BBC says it plans to open new talks with AI providers, invest in short-form platforms like TikTok, expand BBC Verify, and revamp news coverage on iPlayer
Brian Steinberg / Variety:
NBC Sports hires Betsy Riley, an NBC Sports veteran who recently led some Amazon sports offerings, to oversee production of its primetime Olympics program  —  Looks like NBC's new pop-culture primetime Olympics show is becoming permanent.  —  NBC Sports said Monday that it had lured Betsy Riley …
Discussion: Associated Press
J. Kim Murphy / Variety:
WBD's Max quietly launches a new logo with a monochrome color palette that evokes the longtime HBO branding, ditching its shiny blue UI  —  It's not HBO, it's Max — but the new standalone logo for Warner Bros. Discovery's streamer now certainly looks like HBO's at a glance.
Mike Allen / Axios:
Source: the White House plans to impose its own seating chart for briefing room reporters, taking over a function long managed by the reporters through the WHCA  —  The White House plans to impose its own seating chart for reporters in the briefing room in coming weeks …
Pew Research Center:
Survey: 36% of Americans say they hear a lot about Trump's relationship with the media, down from 72% in 2017; 71% follow Trump administration news closely  —  Far fewer are hearing about the administration's relationship with the media than was the case early in Trump's first term
Max Tani / Semafor:
An interview with California Governor Gavin Newsom on his new weekly podcast, backlash to his interviews with conservative figures, media strategies, and more  —  The Scoop  —  As Democrats begin their slow slog back to power, they're grappling with what may be their most vexing problem …
 
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 More News: 
Jessica Testa / New York Times:
TV news anchors exiled or extricated from their networks, like Joy Reid and Don Lemon, are finding success on Substack; Jim Acosta has 10K+ paid subscribers
Discussion: Newsbusters
Nik Roseveare / Advanced Television:
Netflix makes Adolescence available to UK secondary schools via streamer Into Film+, following Prime Minister Keir Starmer's roundtable about the show
Karin Matussek / Bloomberg:
Nokia and Amazon settle a long-running, global patent dispute over Amazon using Nokia's video tech in Prime Video and its devices, without disclosing the terms
The Hollywood Reporter:
A look at the reasons behind Jen Salke's ouster at Amazon, including expensive flops, issues with James Bond producers, and a desire to streamline the org chart
Discussion: Adweek and TechCrunch
 Earlier Picks: 
Wall Street Journal:
A profile of self-help guru Mel Robbins, who has built an empire offering bite-size advice across books, podcasts, speaking engagements, and social media
Penelope Green / New York Times:
Reinaldo Herrera, contributing editor for Vanity Fair for 30+ years and husband of fashion designer Carolina Herrera, died on March 18, 2025, at 91
Thomas Buckley / Bloomberg:
Sources: David Zaslav has started meeting with candidates who could replace film studio heads Mike De Luca and Pam Abdy, whose contracts expire in 2026
Katie Robertson / New York Times:
Bloomberg has had to correct at least three dozen AI-generated summaries on top of news articles since it started showing them early this year
Alex Weprin / The Hollywood Reporter:
After White House criticism, WHCA says comedian Amber Ruffin won't headline this year's annual dinner “to ensure the focus is not on the politics of division”
 

 
From Techmeme:

Kurt Wagner / Bloomberg:
Sources: Meta is considering deep budget cuts to its metaverse efforts in 2026, potentially as high as 30% and most likely including layoffs as early as January

Kif Leswing / CNBC:
Apple says general counsel Kate Adams and policy chief Lisa Jackson will retire, and Jennifer Newstead, Meta's former chief legal officer, will replace Adams

Will Oremus / Washington Post:
Two studies suggest AI chatbots can shift political views more effectively than TV campaign ads, especially by presenting many claims, regardless of accuracy
 
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