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3:25 PM ET, April 1, 2025

Mediagazer

 Top News: 
CNBC:
Newsmax shares jump more than 100% a day after their debut on the NYSE, when they spiked more than 700% and closed at $83.51  —  Shares of conservative cable channel Newsmax soared more than 40% in early trading Tuesday, a day after the stock's dizzying debut on the New York Stock Exchange.
American Journalism Project:
John Thornton, founder of The Texas Tribune, co-founder of the American Journalism Project, and venture capitalist, has died at age 59  —  It is with great sadness that we share the news that John Thornton, co-founder of the American Journalism Project and Elsewhere Partners …
Bari Weiss / The Free Press:
The Free Press announces Tyler Cowen, Jed Rubenfeld, Matthew Continetti, and Batya Ungar-Sargon as new columnists, with Coleman Hughes bringing his podcast  —  Bari Weiss on some great news from our newsroom.  —  Upgrade to Listen  —  How do you build something that lasts?
Charlotte Tobitt / Press Gazette:
The Sun reports revenue down 3% YoY to £296.3M and an £18M loss in the year to 30 June 2024; The Times reports revenue down 0.6% to £383.4M and a £61M profit  —  Hacking costs down for News Group Newspapers in year to 30 June 2024.  —  Revenues fell at both The Times …
Discussion: Telegraph and City A.M.
Stephen Battaglio / Los Angeles Times:
Steve Kornacki signs a deal with NBC News and NBC Sports and departs from MSNBC, which Comcast is spinning off into a new corporate entity  —  MSNBC viewers have seen the last of Steve Kornacki's big board.  —  The popular data maven has signed a deal with NBC that will expand his presence across …
Andreas Wiseman / Deadline:
Ketchup Entertainment buys Coyote vs. Acme from WBD, which shelved it in November 2023 as a cost-cutting measure; the movie is expected in theaters in 2026  —  Ketchup Entertainment today confirmed their completed deal for worldwide rights to the live-action/animated hybrid film …
Jake Kanter / Deadline:
YouTube suspends two major fake movie trailer channels from its partner program, following Deadline's report on studios earning ad revenue from the trailers  —  The Google-owned video-hosting giant has turned off ad revenue on Screen Culture and KH Studio trailers after a Deadline investigation chronicled …
Aisha Malik / TechCrunch:
TikTok is shutting down its Instagram competitor, TikTok Notes, on May 8, directing users to Lemon8, a similar ByteDance-owned app  —  TikTok is shutting down its Instagram competitor, TikTok Notes, on May 8.  The photo-sharing app launched in testing in Canada, Australia, and Vietnam last year.
Sportico:
Sources: the NHL has reached an agreement with Rogers on a new 12-year Canadian TV deal that will pay the league about $7.7B, starting with the 2026-27 season  —  The NHL has reached an agreement with Rogers Communications on a new 12-year Canadian TV deal that will pay the league about $7.7 billion …
Oliver Darcy / Status:
The Daily Wire's communications chief, Alyssa Cordova, departs as the company frames co-CEO Jeremy Boreing's demotion as his own choice and lays off some staff  —  The Daily Wire's Woes The Daily Wire once vowed to take on Disney with a $100 million+ investment to build an entertainment empire …
Kendra Barnett / Adweek:
Google is bringing its immersive Rewarded Video ads to Roblox, letting users watch ads in exchange for in-game benefits like virtual currency or power-ups  —  Advertisers can buy Rewarded Video ads on Roblox via Google Ad Manager, the company announced Tuesday
 
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 More News: 
Neel Dhanesha / Nieman Lab:
ProPublica is using ads on a LED billboard truck to attract sources in the federal government as DOGE dismantles USAID and other agencies
Sewell Chan / Columbia Journalism Review:
The Center for Public Integrity has ceased publishing after 36 years, and is in talks to turn over its archives to the Project on Government Oversight
 Earlier Picks: 
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
Peter Kafka / Business Insider:
MoffettNathanson: YouTube will surpass Disney in 2025 to become the largest media company by revenue, after generating $54.2B in 2024, just $5.5B behind Disney
 

 
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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