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CNBC:
Newsmax shares jumped 179% on Tuesday and have risen 1,500%+ since their Monday debut, bringing the company's market cap to ~$20.8B, above WBD's and Fox Corp's — Shares of conservative cable channel Newsmax soared nearly 180% Tuesday, a day after the stock's dizzying debut on the New York Stock Exchange.
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Katie Strang / New York Times:
How the repetition of a false rumor by ESPN's Pat McAfee, ESPN radio hosts, and others negatively impacted an Ole Miss student, who plans to sue — It is Feb. 26, and “The Pat McAfee Show” is filming in Indianapolis the week of the NFL Scouting Combine. McAfee sits behind a desk.
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 …
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 …
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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 …
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?
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Max Goldbart / Deadline:
BBC and ITV's new contracts with actors' union Equity won't include AI safeguards as they await the outcome of Equity negotiations with producer trade body Pact — At a time when future AI and its uses are a major industry talking point, Deadline is told that Equity's initial intention …
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 …
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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.
Discussion:
The Information, more at Techmeme »
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 …
Discussion:
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Kendra Barnett / Adweek:
Leaked docs: Omnicom offered clients who didn't spend on X in 2024 an added value of 50%, up to $200K, for buying X ads during Q1 2025, among other incentives — Omnicom has sweetened the pot to get its clients to buy ads on X, according to two internal documents obtained by ADWEEK.
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